Monday, Aug 15, 2022
×
Outlook.com
×

Public Sector Banks Had 'Worst Phase' Under Manmohan, Raghuram Rajan: Nirmala Sitharaman

Public Sector Banks Had 'Worst Phase' Under Manmohan, Raghuram Rajan: Nirmala Sitharaman

Nirmala Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.

16 October 2019
'Not A Cheerleader': Shaktikanta Das Says RBI More Than Autonomous

'Not A Cheerleader': Shaktikanta Das Says RBI More Than Autonomous

The conversations with the government cannot be stopped because the government is the sovereign and the RBI is part of the sovereign, RBI Governor Shaktikanta...

20 September 2019

Mamata Banerjee Writes To PM Narendra Modi, Protests Against Bank Merger

Expressing concern, West Bengal Chief Minister Mamata Banerjee said the merger and the threat of shifting of the banks' headquarters will affect the...

GDP Shock Numbers Call For Quick And Deep Economic Reforms

GDP Shock Numbers Call For Quick And Deep Economic Reforms

An economy does not decline because of any one particular factor. A combination of issues combine together to create the perfect storm of a sharp decline.

30 August 2019

After Consolidating PSUs, Nirmala Sitharaman Seeks To Strengthen Banks’ Governance

For the first time, the banks have been allowed to recruit Chief Risk Officer from outside the PSU sector, with compensation linked to market rates.

Advertisement
30 August 2019
Highlights | Nirmala Sitharaman Announces Banking Reforms, Mega PSU Bank Mergers

Highlights | Nirmala Sitharaman Announces Banking Reforms, Mega PSU Bank Mergers

Finance Minister Nirmala Sitharaman announced a slew of measures to reform the banking sector, including the merger of several Public Sector Banks.


12 July 2019
D Company And India Inc.

D Company And India Inc.

Govt goes for Rs 1.05 lakh crore disinvestment target. Will it really help ailing PSUs like Air India?


08 July 2019
Sensex Plummets 793 Points On Budget Woes, Global Selloff

Sensex Plummets 793 Points On Budget Woes, Global Selloff

Top losers in the Sensex pack included Bajaj Finance, ONGC, NTPC, Hero MotoCorp and Maruti, falling up to 8.18 per cent. Yes Bank, HCL Tech and TCS, however,...


05 July 2019
Union Budget 2019: Petrol, Diesel To Be Costlier; Super Rich To Be Taxed More; Sops To Housing, Startups

Union Budget 2019: Petrol, Diesel To Be Costlier; Super Rich To Be Taxed More; Sops To Housing, Startups

Finance Minister Sitharaman announced a surcharge on individuals having taxable income of Rs 2 crore to Rs 5 crore and for those above Rs 5 crore which will...


08 March 2019
Outlook SpeakOut | PSUs Promise To Take Odisha To Newer Heights

Outlook SpeakOut | PSUs Promise To Take Odisha To Newer Heights

It is this spirit of the public sector com­panies that promises to take Odisha to its next level of development.


Advertisement

27 January 2019
PSUs To Implement 10 Per Cent Quota For EWS From February 1

PSUs To Implement 10 Per Cent Quota For EWS From February 1

The DPE also asked the CPSEs to file a fortnightly report beginning from February 15 on vacancies filled by them under SC, ST, OBC, EWS and unreserved...


07 December 2018
Governor Stirs Controversy Over Decision To Turn J&K Bank Into PSU

Governor Stirs Controversy Over Decision To Turn J&K Bank Into PSU

Governor stirs a hornet’s nest over J&K Bank, leading to protests and then a step back


24 July 2018
Central PSEs Should Pool CSR Funds For Development Of Aspirational Districts: NITI Aayog

Central PSEs Should Pool CSR Funds For Development Of Aspirational Districts: NITI Aayog

Launched by Prime Minister Narendra Modi in January this year, the ‘Transformation of Aspirational Districts Programme' aims to quickly and effectively...


19 April 2018
Public Sector Banks, With Growing NPAs, Are Also Among Leading Govt Bodies In Rejecting RTI Pleas

Public Sector Banks, With Growing NPAs, Are Also Among Leading Govt Bodies In Rejecting RTI Pleas

The CIC data shows that the State Bank of Hyderabad (now part of SBI) rejected a record 71 per cent of the RTI pleas it received in 2016-17 and the Oriental...


23 February 2018
An Idea To Halt Scams: Turn PSU Banks Into Deposit-Only Franchise And Let Private Banks Lend Money

An Idea To Halt Scams: Turn PSU Banks Into Deposit-Only Franchise And Let Private Banks Lend Money

Privatising or selling off India's PSU bank jewels may be a lucrative idea for a government that wants quick-fixes, but it is not really so.


20 January 2018
A Selling Story

A Selling Story

The Supreme Court refused to intervene in the sale of BALCO


Advertisement

25 October 2017
PSU Bank Recapitalisation A 'Monumental Step Forward', Says RBI Governor Patel

PSU Bank Recapitalisation A 'Monumental Step Forward', Says RBI Governor Patel

Finance Minister Arun Jaitley yesterday announced that Rs 2.11 lakh crore would be infused in PSU banks over two years, of which Rs 1.35 lakh crore will be...


11 October 2017
Bad Loans Of Indian Banks Hit Record High Of 9.5 Lakh Crore In June, Says Report

Bad Loans Of Indian Banks Hit Record High Of 9.5 Lakh Crore In June, Says Report

Most of the debt comes from public sector banks with banking unions now taking umbrage.


06 October 2017
India Will Have 10-15 Public Sector Banks With Government's Majority Stake, Says Finance Ministry Adviser

India Will Have 10-15 Public Sector Banks With Government's Majority Stake, Says Finance Ministry Adviser

'There are something like 21-22 public sector banks.. The numbers will be reduced in terms of consolidation, but somewhere to the 10-15 range'


06 September 2017
Biggest Challenge Is To Clean Up Balance Sheets Of Public Sector Banks, Says Raghuram Rajan

Biggest Challenge Is To Clean Up Balance Sheets Of Public Sector Banks, Says Raghuram Rajan

"I have seen it from both sides, from ministry side as well as the Governor side. You (an RBI Governor) have always been tested. And you have to establish...


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement