Budget 2020: Financial Sector

The Budget 2020-21 has been framed on the basis that Governance and Finances are the two major hands in achieving the three themes of the budget. The three themes include aspirational India, Economic Development and Caring India The Budget has allocated funds for the following in the efforts of achieving 5 trillion USD economy. Public ..

Month: Current Affairs - February, 2020

Category: India Nation & States Current Affairs

Topics: Budget • Finance • Gift City • MSME • NBFC • PSBs • RBI • union budget 2020-21 • Union Budget Session

Public sector banks to come out of PCA framework by end of 2018: Government

Union Government is expecting that public sector banks (PSBs) placed under RBI’s Prompt Corrective Action (PCA) framework will come out of it by the end of this year. As many as 11 out of 21 state-owned banks are currently under PCA framework. Reasons Operational performance of PSBs has improved in April-June 2018 quarter, with steep ..

Month: Current Affairs - August, 2018

Topics: Banking • Business • Economy • National • PCA framework • Prompt Corrective Action • PSBs • Public Sector Banks

Government to infuse Rs 11,336 crore capital in 5 public sector banks by September-end

Union Finance Ministry is planning to infuse additional capital close to Rs 11,336 crore in 5 more public sector banks (PSBs) by September 2018-end. These five state-owned banks are Punjab National Bank (PNB), Corporation Bank, Andhra Bank, Allahabad Bank and Indian Overseas Bank (IOB). Key Facts This round of capital infusion will be done through ..

Month: Current Affairs - July, 2018

Topics: Bank Recapitalisation Plan • Banking • Capital Infusion • Capital Infusion Programme • Finance Ministry • PSBs • Punjab National Bank • Recapitalisation Bonds

Banks Board Bureau recommends elevation of 15 executive directors as MD PSU bank

The Banks Board Bureau (BBB) has recommended 15 executive directors to be elevated as managing directors (MD) at various public sector banks (PSBs). It was headed by former Department of Personnel and Training Secretary B P Sharma. These recommendations were based on interactions held by BBB and are subject to various clearances. The Appointments Committee ..

Month: Current Affairs - July, 2018

Topics: appointments • Banking • Banks Board Bureau • National • PSBs • Public Sector Banks

Banks Board Bureau recommends 22 GMs for elevation as executive directors at PSU banks

Banks Board Bureau (BBB) has recommended 22 general managers to be elevated as executive directors at the various public sector banks (PSBs). This is the first major exercise undertaken by reconstituted BBB, headed by newly appointed Chairman BP Sharma, former Secretary, Department of Personnel and Training. These recommendations were based on interactions held by BBB ..

Month: Current Affairs - June, 2018

Topics: appointments • Banking • Banking Governance • Banks Board Bureau • National • PSBs