Topic: PSBs
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...
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....
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...
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... 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...
PSBs begin to rationalise 35 overseas operations
The state-owned banks have started rationalising overseas operations by consolidating 35 operations and closing down non-viable branches as part of the clean and responsible banking initiative. The consolidation...
Government constitutes Alternative Mechanism Panel for PSBs consolidation
The Union Government has constituted Alternative Mechanism Panel headed by Union Finance Minister Arun Jaitley to oversee merger proposals of public sector banks (PSBs). The other members of... Government announces Bank Recapitalisation Plan to infuse Rs. 2.11 lakh crore capital in PSBs
The Union Government has announced Bank Recapitalisation Plan to infuse Rs. 2.11 lakh crore ( $32.4 billion) capital over next two years into public sector banks (PSBs) and... Cabinet approves alternative mechanism Framework for consolidation of Public Sector Banks
The Union Cabinet has approved Framework for Consolidation of Public Sector Banks (PSBs) through an Alternative Mechanism (AM). The decision would facilitate consolidation among the nationalised banks to...
Align pay in PSBs to that in CPSEs: BBB
The Bank Board Bureau (BBB) has recommended that Government should bring in reforms in the compensation process in public sector banks (PSBs) on the lines of Central Public...
Union Cabinet approves merger of SBI, 5 associate banks
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the merger of State Bank of India (SBI) with five of its associate/subsidiary banks. These five...
