Tag archive for ‘public’
By Loknath Das On Wednesday, March 7th, 2018
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How will the merger of public sector general insurers impact the industry?

Clockwise from top: Naresh Makhijani, Dinesh Chandra Khansili, Rajiv Kumar, and Premanshu Singh The government proposes to merge National Insurance, United India Insurance and Oriental India Insurance into one More...

By Loknath Das On Tuesday, January 23rd, 2018
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Public finances boosted by EU credit, surging VAT receipts

LONDON (Reuters) – Britain’s budget deficit narrowed by much more than expected last month, helped by an unusually large credit from the European Union and the strongest value-added tax receipts on record.   FILE More...

By Loknath Das On Friday, January 19th, 2018
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Strengthening Public Sector Banks Is Top Priority, Says Arun Jaitley

New Delhi: Having implemented the Goods and Services Tax (GST), Finance Minister Arun Jaitley today said strengthening the public sector banks is most important agenda for the next year. “There are important More...

By Loknath Das On Tuesday, January 9th, 2018
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1,463 bad loan accounts owe public sector banks Rs 100 crore or more

As many as 1,463 entities account for bad loans of Rs 100 crore or more in 21 public sector banks (PSBs), finance ministry data shows. In State Bank of India (SBI) alone, 265 accounts had bad loans of more than More...

By Loknath Das On Saturday, December 30th, 2017
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Centre pumps 7,577 cr into 6 public sector banks

NEW DELHI, DECEMBER 29:   Coming to the rescue of ailing banks, the Centre has pumped in capital of ₹7,577 crore in various weak public sector banks. This capital infusion is timely and would help these banks More...

By Loknath Das On Thursday, August 31st, 2017
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Public Bank Mergers Will Need Fresh Cash Infusions: Report

New Delhi: The Union Cabinet’s decision to speed up the merger of public sector banks (PSBs) will not improve their weak capitalisation without capital infusion from the government, Moody’s Investors Service More...

By Loknath Das On Monday, August 21st, 2017
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No More Lobbying In Public Sector Bank Appointments: Government

New Delhi: No lobbying, “allotment” on the basis of merit-cum-performance and enlarging the employment pool to include the private sector are some key initiatives taken by the Centre for top-level recruitments More...

By Loknath Das On Saturday, August 19th, 2017
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No More Lobbying In Public Sector Bank Appointments: Government

New Delhi: No lobbying, “allotment” on the basis of merit-cum-performance and enlarging the employment pool to include the private sector are some key initiatives taken by the Centre for top-level recruitments More...

By Loknath Das On Saturday, August 19th, 2017
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Nearly 9,000 Wilful Defaulters Owe Rs. 92,000 Crore To Public Sector Banks

New Delhi: Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year. The More...

By Loknath Das On Saturday, August 5th, 2017
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Infosys says no plans to make investigator’s report on ‘misgovernance’ public

Infosys Ltd has declined a request from its most high-profile founder NR Narayana Murthy to make public the report of an external consultant appointed to look into the charges of misgovernance. Murthy, who was More...