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PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs

New Delhi : In light of the massive Rs 11,300 crore ($1.8 billion) scam allegedly involving jeweller Nirav Modi that has hit state-run Punjab National Bank (PNB), industry chamber Assocham said on Sunday that the government should surrender its majority ...

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Bank recapitalisation will boost lending: Arun Jaitley

Bank recapitalisation will boost lending: Arun Jaitley

New Delhi : Finance Minister Arun Jaitley on Saturday said the government’s move to recapitalise public sector banks (PSB) would improve their lending capacity. “I think the indications are that it’s (credit offtake) already happening and that seems to be ...

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Govt announces Banks Board Bureau to advise PSBs

Govt announces Banks Board Bureau to advise PSBs

  New Delhi:(IANS) Taking the first step towards a holding company structure  for public sector banks (PSBs), the government on Friday announced the setting up of a Banks Board Bureau (BBB). It will recommend appointment of directors in PSBs and ...

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