Page-3 of Public Sector Banks
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. As many as 11 out of 21 state-owned banks are currently under ..
Month: Current Affairs - August, 2018
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 Department of Personnel and Training Secretary B P Sharma. These recommendations were ..
Month: Current Affairs - July, 2018
Bhanu Pratap Sharma replaces Vinod Rai as chairman of Banks Board Bureau
The Union Finance Ministry has reconstituted Banks Board Bureau (BBB) and appointed former bureaucrat Bhanu Pratap Sharma as its chairman. It will replace earlier BBB headed by former Comptroller and Auditor General (CAG) Vinod Rai as its two-year term ended ..
Month: Current Affairs - April, 2018
11 public sector banks placed under RBI’s PCA Framework
The Reserve Bank of India (RBI) has placed 11 public sector banks (PSBs) out of 21 State-owned banks under its Prompt Corrective Action (PCA) framework because of deteriorating performance. Three-four more PSBs are expected to be brought under PCA framework. ..
Month: Current Affairs - April, 2018
Governance Issues in Public Sector Banks and PJ Nayak Committee Report
The banking sector in India is dominated by public-sector banks (PSBs) with government being the majority stake holder in them. In recent years, the Public Sector banks have been suffering with multiple problems of non-performing assets (NPAs), large over-dues; competition, ..
Difference between Current Account and Saving Accounts
The basic objective of a Savings Bank Account is to enable the customer save his / her liquid assets and also earn money on that saving. The Savings banks Accounts are preferred by individuals and provide liquidity for private and ..
Scheduled Commercial Banks in India
The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major ..
Government splits Chairman & MD post in PSU banks and names chiefs for 4 PSU banks
Government has decided to separate the post of Chairman and Managing Director (MD) and Chief Executive Officer (CEO) in public sector banks. With this decision government is breaking the tradition of having the heads of state-run banks act as both ..