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Banking 2019 Budget LIVE
The banking sector has an important role in reinvigorating the sagging economy. The budget speech of the Finance Minister will contain roadmap for the reforms in the sector. The upcoming budget would also provide direction to the consolidation journey in the public sector banking space, started last year by effecting first three-way merger. The Union budget for 2019-20 is likely to spell out roadmap for banking reforms, including consolidation of the state-owned lenders, with a view to enable the sector to play a pivotal role in pushing India towards $5 trillion economy. The maiden three-way amalgamation is the first step in the consolidation of the public sector banking industry, recommended in 1991 by the Narasimham Committee report. Through this merger, the government has created an institution of global scale and size, thereby providing significant benefit to all stakeholders.
Showing of 0 - 10 from 10 results
Banking 2019 - Total results - 10
Jul 05, 2019
Budget 2019: PSU bank shares jump up to 5% as govt to infuse Rs 70,000 crNirmala Sitharaman announced fund infusion of Rs 70,000 crore into PSBs to strengthen them and enhance lending capacity
Jun 28, 2019
Union Budget 2019: Assocham suggests one-time rollover by banks to address liquidity crunchAhead of the Union Budget, industry body Assocham on Friday suggested a one-time rollover by banks to businesses reeling under severe liquidity stress to help them tide over the difficulties
Jun 12, 2019
Union Budget likely to spell out roadmap for banking sector reforms, consolidationThe Union Budget for 2019-20 is likely to spell out a roadmap for banking reforms, including consolidation of the state-owned lenders, with a view to enable the sector to play a pivotal role in pushing India towards $5 trillion economy, sources said
Jan 30, 2019
Public sector banks would need additional Rs 50,000 cr recapitalisation in 2019-20, says reportAs of December 2018, a total amount of Rs 51,513 crore has been infused into public sector banks
Jan 28, 2019
Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial healthPiyush Goyal, who was given additional charge of the finance ministry last Wednesday as Arun Jaitley is away to the US for a treatment, is his expected to discuss a host of issues including credit offtake and bad loan position of lenders.
Jan 14, 2019
Budget 2019: FICCI suggests 25% cut in corporate tax across board to spur economic growthFICCI has also suggested revision in the tax slabs for the individual taxpayers with the top 30 percent rate to be applied beyond Rs 20 lakh annual income.
Jan 03, 2019
Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yetIt would help if both the Mudra agency and the Ministry of Finance put out regular and detailed data regarding Mudra bad loans.
Dec 31, 2018
Asset quality of banks shows improvement; GNPAs decline to 10.8%, net NPAs 5.3% in September: RBIGNPAs of state-run lenders improved to 14.8 percent in September 2018 from 15.2 percent in March 2018, the report said.
Dec 28, 2018
NPAs of PSU banks decline by over 23,000 cr in H1 FY19; lenders make record in recovery of Rs 60,726 crore: OfficialGross non-performing assets (NPAs) of PSBs have started declining after peaking in March 2018, registering a decline of Rs 23,860 crore
Dec 20, 2018
Govt seeks Parliament's nod for additional gross expenditure of Rs 85,949 cr, includes about half for PSBs recapitalisationThe government on Thursday sought Parliament's approval for additional gross expenditure of Rs 85,948.86 crore, about half of which is for capital infusion in public sector banks through recapitalisation bonds, during the current fiscal ending March 2019.