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  SBI report: Govt's FY26 market borrowings well-placed, but alternative funding needed

  Business | February 05, 2025 12:58 IST

  SBI's latest report stated that the govt's FY26 market borrowings are well-structured but highlighted need for alternative funding sources. With Rs 14.8 lakh crore in gross borrowing and a projected rise in total borrowing to Rs 18.7 lakh cr, the report suggested diversifying financial stability.

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  Industry must live up to expectations: India Inc after PM Modi's remarks on private sector

  India | February 11, 2021 21:15 IST

  India Inc on Thursday said Prime Minister Narendra Modi's acknowledgement of the private sector's role in India's growth, national progress and enhancing the country's prestige globally is a much-needed shot in the arm for entrepreneurs, and the industry must live up to the expectations.

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  All sectors open to private companies, govt to announce new public sector enterprise policy

  Business | May 17, 2020 12:50 IST

  Finance Minister Nirmala Sitharaman on Sunday said a new "coherent" public sector enterprises policy will be formulated that will define strategic sectors which will have not more than four PSUs. Sitharaman said all sectors are open to the private sector while public sector enterprises will play an important role in defined areas. Accordingly, the government will announce a new policy.

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  Over 3,400 branches of 26 PSBs closed or merged in last 5 years: RTI

  Business | November 03, 2019 20:08 IST

  Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query.  

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  PSBs continue with 180 days to resolve Jet

  Business | April 07, 2019 17:58 IST

  Official sources in the Finance Ministry said that banks have informed the ministry that they were not ready to wait endlessly to restore health of the beleaguered airline and if attempts to bring in a strategic investor fails or is not completed by June 30, lenders may immediately initiate bankruptcy proceedings against Jet.

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  RBI Governor Urjit Patel bats for public sector banks' merger, says it could help banking system

  April 25, 2017 21:12 IST

  RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities.

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  Cabinet approves listing of 5 public sector general insurance cos in stock market

  January 18, 2017 16:16 IST

  The Cabinet Committee on Economic Affairs on Wednesday has given its green signal to go ahead with the listing of five public sector general insurance companies in the stock exchanges. Finance Minister Arun Jaitley said

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  'PSBs require equity worth Rs 1.7 lakh crore by March 2019'

  January 10, 2017 16:59 IST

  The public sector banks (PSBs) will need equity worth Rs 1.7 lakh crore by March 2019, which can turn out to be higher on an increased credit growth, a recent Assocham-Crisil joint study has revealed.

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  Overpaid at bottom, underpaid at top: Rajan underlines the problem at PSBs

  August 16, 2016 18:40 IST

  Pitching for an end to the government’s role in top-level appointments at state-run banks, RBI governor Raghuram Rajan on Tuesday suggested empowering their boards to take all major governance decisions freely without having multiple "constituencies

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  Public sector bank employees to go on two-day strike from tomorrow

  July 11, 2016 20:01 IST

  New Delhi: To protest against the proposed merger of SBI associates and privatisation of IDBI Bank, a section of public sector bank employees have threatened to go on a nationwide strike beginning tomorrow. "As the

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  India to have 8-10 competitive public sector banks: Jayant Sinha

  Politics | May 27, 2016 23:34 IST

  India will have 8-10 very competitive public sector banks once the "dust settles" and the consolidation phase ends, Union Minister Jayant Sinha said on Friday.

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  Good Bye HMT: India's oldest watch making company to shut down

  January 06, 2016 19:12 IST

  New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the closure of three companies of Hindustan Machine Tools (HMT), India's oldest watch making company.HMT Limited, formerly Hindustan Machine Tools Limited, is a

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  Gold bonds scheme ends tomorrow, may fetch Rs 150 crore

  November 19, 2015 23:30 IST

  Mumbai: Bankers today expressed hope that the maiden gold bond scheme, launched by Prime Minister Narendra Modi earlier this month aimed at physical buying of the shiny metal, that closes tomorrow, is likely to gross

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  Banks, insurance unions to strike work tomorrow

  September 01, 2015 14:32 IST

  Chennai: Employees of public sector banks and government-owned non-life insurance companies would go on strike on Wednesday to protest against the anti-trade union and worker policies of the central government, union leaders said on Tuesday."The

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  Finance Ministry calls meeting of bank heads on April 28

  April 19, 2015 16:57 IST

  New Delhi: The Finance Ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.The meeting has been called in view

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  Take commercial decision without fear or favour: Arun Jaitley

  March 12, 2015 9:00 IST

  New Delhi: Promising financial autonomy to PSU banks, Finance Minister Arun Jaitley Wednesday asked heads of public sector lenders to take commercial decisions without fear or favour.At the same time, he advised banks to facilitate

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  Govt open to divesting over 51% as strategic sale; aims to collect Rs 28,500cr

  March 03, 2015 10:20 IST

  New Delhi: The government is open to selling more than 51 per cent in certain public sector entities as part of its 'strategic sale' through which it aims to collect Rs 28,500 crore next fiscal,

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  Reservation in public sector has positive impact: Study

  India | February 05, 2015 19:12 IST

  A study by World Development Journal has revealed that reservations in public sector jobs have not affected the productivity or efficiency  rather it has had positive impact in some areas.In this path breaking report, impact

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  Public sector vital to Make in India campaign: Pranab

  India | November 05, 2014 18:05 IST

  New Delhi: President Pranab Mukherjee Wednesday said the country's public sector enterprises were vital to the 'Make In India' campaign and expressed confidence that they would continue to take the lead in the 'Swachh Bharat'

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  All profit can't be used to pay higher wages, Chidambaram tells bank staff

  India | February 10, 2014 19:10 IST

  New Delhi:  As public sector bank employees started a two-day strike today seeking higher wages, Finance Minister P Chidambaram said the profit of banks cannot be used only to enhance salaries because there are other