Public Sector Banks (PSBs) Current Affairs, GK & News
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 Current Affairs
Topics: Banks Board Bureau • Chairman • nayak committee • 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
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
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)
What are Off-Budget Borrowings?
The Government of India is all set to present the Union Budget 2021 on February 1, 2021. This year, the focus of the budget will be on off-budget borrowings so as to reduce the Fiscal Deficit. What are off-budget borrowings? The loans that are taken by any public institution and not by the Centre directly ..
Month: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: fiscal deficit • Ministry of Finance • Off-budget borrowings • Public Sector Banks (PSBs) • Union Budget 2021