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Government to infuse Rs 6,990 cr in 9 public banks this year

Feb 08, 2015

Government to infuse Rs 6,990 cr in 9 public banks this year

The government has decided to infuse Rs.6,990 crore in nine public banks out of the current year's budget, for which orders are being issued, #SBI #Government #Canara Bank #Dena Bank #Allahabad Bank #ANDHRA BANK #BoB #PNB #Indian Bank #PSB #Budget2015 #Syndcate Bank #fund infusion
Govt should consider state-run banks independent entities, says RBI Gov Rajan

Sep 15, 2014

Govt should consider state-run banks independent entities, says RBI Gov Rajan

He also said that while it was fine for the government to involve banks to further the social sector agenda, it should ensure that such schemes should be financially feasible for the lenders.
#India #RBI #Reserve Bank of India #CBI #bank #SBI #Raghuram Rajan #PNB #state-run bank #PSB #Arundhati Bhattacharya #Syndicate Bank #S K Jain
Here's how Modi's Jan Dhan Yojana is boosting RuPay payment network

Sep 11, 2014

Here's how Modi's Jan Dhan Yojana is boosting RuPay payment network

Started in 2012 by a company owned by 10 local and foreign banks, RuPay competes with global payment firms Visa Inc and MasterCard Inc for the few customers in Asia's third largest economy able to afford a debit or credit card.
#India #Japan #RBI #Narendra Modi #SBI #HSBC #Debit card #Payment #PSB #RuPay #Jan Dhan Yojana #Discover Financial Services #JCB #hota
PSBs should find own avenues to generate funds: Fin Services Secy Sandhu

Aug 21, 2014

PSBs should find own avenues to generate funds: Fin Services Secy Sandhu

The government and RBI have said state-run banks alone will need over Rs 2.4 trillion capital by FY19 to meet the Basel III capital norms.
#Economy #India #RBI #Reserve Bank of India #capital #Narendra Modi #bank #Government #Growth #Financial inclusion #ATM #public sector bank #PSB #CMS #Jan Dhan Yojana #G S Sandhu
Govt rejects Nayak panel view to cut govt stake in banks below 50%

Jul 14, 2014

Govt rejects Nayak panel view to cut govt stake in banks below 50%

The government is considering issues related to greater autonomy to bank including raising tenure of Chairman and Managing Directors (CMDs) of banks. #India #RBI #Reserve Bank of India #NHAI #PSB #PHD Chamber of Commerce #nayak committee
No proposal to dilute govt ownership in PSBs below 50%: Sitharaman

Jul 08, 2014

No proposal to dilute govt ownership in PSBs below 50%: Sitharaman

Nayak Committee in its report submitted to the Reserve Bank had recommended reduction of government stake in PSBs to less than 51 percent.
#India #RBI #Government #Nirmala Sitharaman #NPA #Divestment #public sector bank #PSB #nayak committee
Govt pushes public banks on RuPay cards, will India's payment network take off?

Jul 04, 2014

Govt pushes public banks on RuPay cards, will India's payment network take off?

These cards are accepted at all ATMs, more than 90 percent of POS terminals and more than 10,000 e-commerce merchants across the country.
#India #Japan #SBI #Debit card #Payment #PSB #RuPay #Discover Financial Services #JCB #hota
FinMin says no fresh funds for state-run banks in Union Budget

Jun 20, 2014

FinMin says no fresh funds for state-run banks in Union Budget

In the interim budget presented on February 17, the previous government had proposed to earmark Rs 11,200 crore towards equity infusion in public sector banks, which have been facing severe asset quality pressure as bad loans continue to mount. #RBI #Banking #bank #Arun Jaitley #Budget #SectorWatch #LIC #PSB #Nayak #Budget 2014 #recapitalisation
Why RBI should go easy on bank licences

Feb 06, 2013

Why RBI should go easy on bank licences

The RBI should hold back on bank licences until the banking sector gets back

on track with balance sheets improving. The government should leave the RBI

on the banking licence issue. #WhyNow #RBI #bank licences #PSB