Public Sector Banks (PSBs)
Finance Minister launches EASE 4.0
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, launched the fourth edition of Public Sector Bank (PSB) Reforms Agenda called ‘EASE 4.0’ for the financial year 2021-22. Key Facts It is a simplified, tech-enabled and collaborative banking. On the ..
Month: Current Affairs - August, 2021
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 ..
Month: Current Affairs - June, 2021
S Ramann: New Chairman and Managing Director of SIDBI
The Government of India recently appointed S Ramann as the Chairman and Managing Director of Small Industries and Development Bank of India. About the Appointment The appointment is for a period of three years. The name of the new Chairman ..
Month: Current Affairs - April, 2021
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 ..
Month: Current Affairs - February, 2021
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 ..
Month: Current Affairs - February, 2021
Govt to work with RBI for Privatisation of Banks
Recently the Union Finance Minister, Nirmala Sitharaman, while addressing the business leaders, chartered accountants and tax professionals in Mumbai stated that the central government will work with the Reserve Bank of India (RBI) to execute the plan of the privatization ..