Privatisation of PSBs Current Affairs, GK & News
NITI Aayog submits names of PSU banks to be privatised
NITI Aayog has submitted names of Public Sector Undertaking (PSU) that will be privatised to Core Group of Secretaries on Disinvestment. Highlights All these PSBs will be privatised by Financial Year 2022. Privatisation is being done as part of government’s disinvestment process to raising funds. Background Centre’s aim of privatising two public sector banks and ..
Month: Current Affairs - June, 2021
Category: Banking Current Affairs • Economy & Banking Current Affairs
Topics: Consolidation of PSBs • Department of Investment and Public Asset Management (DIPAM) • Imperial Bank of India • Privatisation of PSBs • PSBs in India • Public Sector Banks (PSBs) • State Bank of India
FinMin allows all Private Banks to Participate in Government Business
The finance ministry has allowed all the private sector banks to participate in business related to government such as small savings schemes and collection of taxes pension payments. Highlights Currently, only some of the big private sectors are allowed to conduct government-related businesses. So, now embargo has been lifted and this move will enhance the ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: Bank Mergers • Ministry of Finance • Privatisation of Banks • Privatisation of PSBs • Public Sector Banks (PSBs) • Reserve Bank of India (RBI)
Privatisation of PSBs: Govt to bring Two Amendments
The government will bring about amendments in the two acts in order to facilitate the privatisation of public sector banks (PSBs). Key Facts Amendments will be made in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. These two acts had facilitated for the ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: Bank Mergers • Banking Companies (Acquisition and Transfer of Undertakings) Act • Privatisation of Banks • Privatisation of PSBs • Public Sector Banks (PSBs)