Bad bank gets Rs 30,600 cr govt guarantee support

Bad bank gets Rs 30,600 cr govt guarantee support

The government has set an ambitious plan for the country’s first bad bank, which will get to handle ..

Banks want govt to ease pressure on Vodafone Idea

Banks want govt to ease pressure on Vodafone Idea

Banks led by State Bank of India (SBI) have called on the Indian government to give debt-laden Vodaf..

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Three chief executives and 10 executive directors of public sector banks have got tenure extensions...

PSBs' pension contribution for staff hiked to 14%: Govt

PSBs' pension contribution for staff hiked to 14%: Govt

The government has decided to increase the public sector bank (PSB) contribution in New Pension Sche..

No specific proposal to merge more PSU banks: Govt

No specific proposal to merge more PSU banks: Govt

There is no specific proposal to amalgamate more public sector banks which is currently under consid..

Govt, LIC to fully sell their stakes in IDBI Bank: DIPAM

Govt, LIC to fully sell their stakes in IDBI Bank: DIPAM

The government has approved the sale of its entire stake in IDBI Bank, along with the Life Insurance..

Govt, LIC to fully sell their stakes in IDBI Bank: DIPAM

Govt, LIC to fully sell their stakes in IDBI Bank: DIPAM

The government has approved the sale of its entire stake in IDBI Bank, along with the Life Insurance..

Govt seeks to hire advisors for stake sale in IDBI Bank

Govt seeks to hire advisors for stake sale in IDBI Bank

Setting the ball rolling, the government has invited proposals to appoint transaction and legal advi..

RBI's Rs 99,122 cr dividend payout to govt higher than expected

RBI's Rs 99,122 cr dividend payout to govt higher than expected

The Reserve Bank of India will make its second-highest annual transfer of surplus to the government,..

Govt to earn Rs 4,000 cr via stake sale in Axis Bank

Govt to earn Rs 4,000 cr via stake sale in Axis Bank

The government is set to earn close to Rs 4,000 crore from its stake sale in Axis Bank through the S..

RBI modifies norms for private banks undertaking govt biz

RBI modifies norms for private banks undertaking govt biz

The Reserve Bank of India (RBI) has modified the guidelines that allow sound private sector banks to..

Govt lines up IDBI Bank for sale

Govt lines up IDBI Bank for sale

IDBI Bank, which recently turned around to post profits, has got the government nod to be sold.The C..

Govt's debt monetisation program weighs heavy on RBI's monetary policy

Govt's debt monetisation program weighs heavy on RBI's monetary policy

The Reserve Bank of India has kept its focus on the massive debt monetisation programme of the gover..

Govt amends IBC for stressed MSMEs

Govt amends IBC for stressed MSMEs

Amending the insolvency law, the government has introduced a pre-packaged resolution process for str..

Govt quickly rolls back rate cut on small savings

Govt quickly rolls back rate cut on small savings

Coming amidst the assembly elections, the government’s order on Wednesday to slash interest rates on..