Current Affairs

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Page-2 of Topic: PSBs

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...

February 16, 2017

Gross NPAs of PSBs touch over 6 lakh crores in July-September 2016

The Union Government has announced that the gross non-performing assets (NPAs) of the Public sector banks (PSBs) have touched around 66 lakh 40 thousand in the three months...

November 30, 2016

16 of 22 PSBs skip paying dividends to Government due to mounting NPAs

As many as 16 of 22 public sector banks skipped paying dividends to Government in fiscal 2015-16 due to issue of mounting bad loans. It has led to...

November 21, 2016

Vinod Rai appointed as first Chairman of Banks Board Bureau

Former Comptroller and Auditor General (CAG) Vinod Rai has been appointed as the first Chairman of Banks Board Bureau (BBB). His appointment comes after Prime Minister has approved...

February 28, 2016

Government Issues Norms for Selection of CEOs and MDs of Smaller PSU Banks

After the irk raised due to appointment of two private sector bankers to head Bank of Baroda and Canara Bank the government has issued norms for selection of...

August 21, 2015

Union Government appoints two private sector professionals to head BoB, Canara Bank

Union government has appointed two private sector banking professionals as Managing Director (MD) and Chief Executive Officer of Bank of Baroda (BoB) and Canara Bank. This is the...

August 17, 2015

Union Government unveils Indradhanush Mission for PSBs

Union Government has launched a seven pronged plan called Indradhanush Mission to revamp functioning of public sector banks (PSBs). It was launched by Union Finance Minister Arun Jaitley...

August 16, 2015

Union Government to form Bank Board Bureau

Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key performance indicators of two dozen public sector banks (PSBs). It was announced by...

August 16, 2015

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