Govt issues norms for selection of CEOs of smaller PSBs

Last Updated: Thursday, August 20, 2015, 19:57

As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.

Payments banks pose risk to public lenders market share: Fitch

Last Updated: Thursday, August 20, 2015, 12:23

The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday.

Capital infusion breather for PSU banks, but not enough: S&P

Last Updated: Wednesday, August 19, 2015, 15:38

Standard & Poor's on Wednesday said the government's plan to infuse capital into public sector banks is a "breather", but is unlikely to "fully resolve" their looming credit shortfall.

Consensus between govt, RBI on monetary policy panel: FinMin

Last Updated: Tuesday, August 18, 2015, 17:58

The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.

No more hiring from private sector for PSB top jobs: FinMin

Last Updated: Sunday, August 16, 2015, 19:06

Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry Sunday said further such hiring of CEO and Managing directors in banks would be from existing public sector talent pool and not from outside.

Public sector banks get revamp plan, political interference to be checked: FM

Last Updated: Friday, August 14, 2015, 19:38

The government has decided to inject Rs 70,000 crore in PSBs in four-year period starting this fiscal with Rs 25,000 crore.

India needs to cut political interference in state banks: FM Jaitley

Last Updated: Friday, August 14, 2015, 18:44

India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.

No cause of panic or alarm on banking sector situation: FM Jaitley

Last Updated: Friday, August 14, 2015, 16:25

Jaitley further said that the recent initiatives taken by the government has helped fix some issues in PSU Banks.

Bill to set up monetary policy committee likely in next Parl session: Mehrishi

Last Updated: Thursday, August 13, 2015, 16:26

Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.

SEBI notifies 'fast-track' route for share sales

Last Updated: Tuesday, August 11, 2015, 19:32

To boost fund raising from markets, SEBI Tuesday notified new norms, which will provide all listed companies a 'fast-track' route for share sales.

PSU stocks may gain 30% if Modi follows Gujarat model: Morgan Stanley

Last Updated: Tuesday, August 11, 2015, 18:29

Stocks of public units (PSUs) could be "surprising winners" in three to five years if the Modi government implements structural reforms in state-run companies like he did when he was Gujarat chief minister, according to a report released here today.

Govt to infuse Rs 70,000 cr in PSU banks in 4 years: Arun Jaitley

Last Updated: Tuesday, August 11, 2015, 16:57

Government proposes to infuse Rs 70,000 crore in public sector banks in four years from budgetary allocations, Finance Minister Arun Jaitley said Tuesday.