The Finance Ministry and RBI have been sensitising banks on this aspect at regular intervals amid the growing digitisation in the financial sector.
In the last few months lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about Rs 40,000 crore from the market, Financial Services Secretary Debasish Panda told PTI in an interview.
Official sources said that the de-merger plan has been brought to the table after a series of stakeholders meetings and this has now become one of the options before the finance ministry to make state-owned entities more focussed on the task of increasing insurance penetration in the country.
Bharat 22 exchange traded fund will comprise 22 companies, or investments, from among CPSEs, PSBs and strategic holdings in the Specified Undertaking of UTI, FM Arun Jaitley said
These stake sales could take some time as there are already 12 PSUs for which the government has secured approval from the Cabinet to go ahead with disinvestment
With just six public sector units (PSUs) listed in eight years, the government is planning to list all profitable large and medium sized state-owned firms and also fix strict timelines for unlocking their value.
The Centre has decided to shut down 15 non-performing and loss-making public sector undertakings (PSUs) under its administrative control.
New Delhi: Kicking off PSU reforms, NITI Aayog has singled out 32 loss-making companies for strategic disinvestment including including central public sector enterprises (CPSEs) such as Bharat Pumps & Compressors, Tyre Corporation of India, Central
New Delhi: Young candidates seeking jobs in the central government or Public Sector Undertakings (PSUs) under different ministries will no longer be required to go through the process of interviews.Starting January 1, 2016, there will
New Delhi: Railway Minister Suresh Prabhu today asked all PSUs under the ministry to undertake more rail projects while ensuring best practices in tendering process and transparency in their functioning.In a review meeting with the
New Delhi: Finance Minister Arun Jaitley Tuesday said public sector undertakings should learn to function like private business houses in a competitive environment. “The Public Sector Undertakings (PSUs) must learn how to function like any other
New Delhi: Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of
New Delhi, Dec 25: Insurance firms and PSUs had to face some tough time in 2012 from the consumer fora which pulled up these entities for causing a rise in frivolous litigation.The apex consumer commission
New Delhi, Sep 14: The cabinet today decided to operationalise 51 per cent FDI in multi-brand retail but left it to the state governments to allow setting up of such stores.The Cabinet headed by Prime
New Delhi, Jul 8: With an aim of doubling the visitor count, the Tourism Ministry has decided to provide clean and hygienic environment at 98 prominent tourist sites including Taj Mahal, Dal Lake, Red Fort
Ahmedabad, Jul 1: Reliance Industries will reopen its retail petrol pumps in Gujarat and begin selling the fuel at the same price as charged by PSU oil companies, the company said today.Out of the 60
New Delhi, July 15: State-owned oil firms today hiked jet fuel or ATF price by a marginal Rs 78 per kilolitre with effect from midnight tonight.Aviation Turbine Fuel (ATF) in Delhi will cost Rs 56,324.79
New Delhi: In what could be a severe jolt to the crisis-ridden Commonwealth Games, the Heavy Industries and Public Enterprises Minister Vilasrao Deshmukh on Thursday said his ministry has asked PSUs to hold back sponsorship
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