Finance Minister Nirmala Sitharaman has reviewed functioning of Public Sector Banks with regard to loan sanctions for MSMEs and other companies
Public sector banks have announced deferment of EMI payments on loans to customers for three months in the wake of COVID-19 pandemic. The RBI had
The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large
Assuring that honest commercial decisions taken by bankers will be protected, Finance Minister Nirmala Sitharaman on Saturday said the government
Finance Minister Piyush Goyal on Monday exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and
The government on Thursday sought Parliament’s approval for additional gross expenditure of Rs 85,948.86 crore, about half of which is for
A Parliamentary committee has questioned RBI for failing to take preemptive action in checking bad loans in the banking system prior to the Asset
The Punjab National Bank (PNB) will take “full-capacity” action against the wrong doers in the Rs 11,400-crore Nirav Modi fraud case,
The government has announced Rs 88,139 crore capital infusion in 20 public sector banks (PSBs) during the current fiscal, with IDBI Bank getting
Jaitley said the public needs to ask the rumour-mongers at whose behest or under whose pressure were such loans disbursed.
Last month, the government had unveiled a staggering Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks.
Reserve Bank Governor Urjit Patel has called the government’s bank recapitalisation plan a ‘monumental step forward’ in
Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes place.
Branches of public banks remained either closed or non-operational today as staffers and officers went ahead with their day-long strike pressing