Bankers ask govt to consider cutting stake in PSBs to sub-51%

Last Updated: Saturday, January 3, 2015, 20:35

Prime Minister Narendra Modi`s administration last year approved a plan to pare the government`s stake in state lenders to up to 52 percent to help them meet their capital needs.

PM seeks end to lazy banking; asks banks to be more proactive

Last Updated: Saturday, January 3, 2015, 19:59

Calling upon the banking sector to establish banks which rank among the top banks of the world, Modi said that banks need to be run professionally and assured them that there would be no interference.

Stake sales in PSU banks only at appropriate valuation: Sinha

Last Updated: Saturday, January 3, 2015, 16:21

Government on Saturday made it clear that any decision to undertake a stake sale in public sector banks will be so for an "appropriate valuation".

Govt committed to fiscal consolidation: Sinha

Last Updated: Saturday, January 3, 2015, 14:34

Asserting the government is committed to fiscal consolidation, Minister of State for Finance Jayant Sinha on Saturday said the quality of figure was important and hinted at not resorting to massive expenditure cuts.

India needs reforms in banking sector, more autonomy for state banks: Arun Jaitley

Last Updated: Saturday, January 3, 2015, 12:59

India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on Saturday on the sidelines of a two-day banking retreat.

Gyan Sangam: Modi to brainstorm with bankers on PSB reforms

Last Updated: Saturday, January 3, 2015, 09:01

Also efforts would be to seek "out of box" ideas from prominent experts and from top level managers attending the retreat.

Gyan sangam: PM Narendra Modi to meet bankers, regulators today

Last Updated: Saturday, January 3, 2015, 07:35

Prime Minister Narendra Modi will on Saturday meet top bankers, insurers, financial sector regulators and Finance Ministry officials, who assembled here on Friday for a two-day "retreat" to discuss plans for revitalising the banking sector.

Gyan Sangam: Create structures for easy capital to PSU banks, says Banking Secy

Last Updated: Friday, January 2, 2015, 11:53

Mergers and acquisitions are not the only way for consolidation in public sector banks, as creating a mechanism for easier access to capital would also improve their balance sheets, Financial Services Secretary Hasmukh Adhia said on Friday.

Two-day retreat 'Gyan Sangam' to begin today; focus on public sector banks reforms

Last Updated: Friday, January 2, 2015, 09:14

Finance Minister Arun Jaitley, RBI Governor Raghuram Rajan, top officials of the Finance Ministry and heads of PSBs will be attending the retreat.

Gyan Sangam: Bankers, regulators to discuss ways to revitalise banking sector

Last Updated: Thursday, January 1, 2015, 13:52

On concluding day, Prime Minister Narendra Modi will address the meet Gyan Sangam, a retreat of chiefs of financial institutions.

RBI pitches for structural reforms; sees 6% inflation in 2015

Last Updated: Monday, December 29, 2014, 18:22

Pitching for structural reforms to reinforce investor confidence, RBI on Monday said falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise near 6 percent level in 2015.