Public Sector Banks (PSBs) Current Affairs, GK & News
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 occasion, finance minister launched the annual report for PSB Reforms Agenda EASE 3.0 for the ..
Month: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: EASE 3.0 • EASE 4.0 • Public Sector Banks (PSBs) • Smart lending • Union Finance Minister Nirmala Sitharaman • UPSC
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 - 2022
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
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 and Managing Director was recommended by Banks Board Bureau. Banks Board Bureau It is an ..
Month: Current Affairs - April, 2021
Category: Awards, Persons & Places in News • Persons in News
Topics: Banks Board Bureau • Chairman • nayak committee • Persons in News • Public Sector Banks (PSBs) • SIDBI • Small Industries Development Bank of India(SIDBI)
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 - 2022
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 - 2022
Topics: Bank Mergers • Banking Companies (Acquisition and Transfer of Undertakings) Act • Privatisation of Banks • Privatisation of PSBs • Public Sector Banks (PSBs)
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 of the banks. Highlights The minister further said, the Centre have not made plan to ..
Month: Current Affairs - February, 2021
Category: Environment Current Affairs
Topics: Bank Merger • Private Banks in India • Privatisation of Banks • Privatization • Public Sector Banks (PSBs) • Reserve Bank of India (RBI)