Bank Privatisation
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ISRO Launches Aditya-L1, India's Maiden Sun Study Mission, Aboard PSLV Rocket
ISRO launched a rocket on Saturday to study the sun in its first solar mission, Aditya-L1. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. The broadcast was watched by nearly 5,00,000 viewers.
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Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
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Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
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Deadline To Submit Queries On IDBI Bank Stake Sale Extended Till November 13
The finance ministry on Thursday extended the deadline for potential bidders to submit queries on IDBI Bank privatisation by 13 days till November 10.
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Centre, LIC To Abstain From Veto Post Privatisation Of IDBI Bank
The government and state-owned insurer LIC, who will continue to hold significant shareholding in IDBI Bank post its privatisation, will not veto any proposals of the new owner as part of their plan to give the incoming promoters a free hand, a senior official said.
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India Doesn't Need So Many Public Sector Banks: Former SBI Chief
India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said.
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Must Have 10-Year Road Map To Privatise Public Sector Banks: Ex RBI Chief
Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders.
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IDBI Bank Shares Surge On Bad Loan Recovery, Privatisation Buzz
Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privatisation process.
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Advance Action Underway On Privatisation Of 2 State-Owned Banks, Says Banking Secretary
In the Union Budget for 2021-22, Government announced its intent to take up the privatisation of two public sector banks
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LIC To Retain Partial Stake In IDBI Bank, Says Chairman
Life Insurance Corporation of India has said that it will retain part of its stake in IDBI Bank to reap the benefits of the bancassurance channel
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Nationwide Strike Hits Banking Operations, Transport Services
Public dealings at some bank branches were hit and transport services were affected as thousands of workers began a two-day nationwide strike
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Roadshows To Asses Investors' Interest For IDBI Bank Privatisation, Government Says
The government is holding roadshows for IDBI Bank privatisation and will come out with expression of interest (EoI) after assessing investor interest, Minister of State for Finance Bhagwat Karad said on Monday.
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5 Lakh To Lose Jobs: BJP's Varun Gandhi On Banks, Railways' Privatisation
Ruling Bharatiya Janata Party (BJP) MP Varun Gandhi on Tuesday opposed any privatisation of banks and railways, claiming it will render five lakh people unemployed, and asserted that a public welfare government cannot create inequality.
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No Cabinet Decision On Privatising 2 State-Owned Banks: FM
Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the union cabinet has not taken any decision to privatise two public sector banks
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2-Day Strike By State-Run Bank Employees Ends, Services Hit Across India
Services like deposits and withdrawal at branches, cheque clearance and loan approvals remained paralysed due to the two-day strike. ATMs at different parts of the country went dry on the second day.
-
ISRO Launches Aditya-L1, India's Maiden Sun Study Mission, Aboard PSLV Rocket
ISRO launched a rocket on Saturday to study the sun in its first solar mission, Aditya-L1. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. The broadcast was watched by nearly 5,00,000 viewers.
-
Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
-
Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
-
Deadline To Submit Queries On IDBI Bank Stake Sale Extended Till November 13
The finance ministry on Thursday extended the deadline for potential bidders to submit queries on IDBI Bank privatisation by 13 days till November 10.
-
Centre, LIC To Abstain From Veto Post Privatisation Of IDBI Bank
The government and state-owned insurer LIC, who will continue to hold significant shareholding in IDBI Bank post its privatisation, will not veto any proposals of the new owner as part of their plan to give the incoming promoters a free hand, a senior official said.
-
India Doesn't Need So Many Public Sector Banks: Former SBI Chief
India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said.
-
Must Have 10-Year Road Map To Privatise Public Sector Banks: Ex RBI Chief
Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders.
-
IDBI Bank Shares Surge On Bad Loan Recovery, Privatisation Buzz
Share price of IDBI Bank surged by around 7 per cent on Friday after the company's top executive expressed hope that the lender may recover around one-fourth of nearly Rs 78,000 crore of bad loans and the government is likely to speed up privatisation process.
-
Advance Action Underway On Privatisation Of 2 State-Owned Banks, Says Banking Secretary
In the Union Budget for 2021-22, Government announced its intent to take up the privatisation of two public sector banks
-
LIC To Retain Partial Stake In IDBI Bank, Says Chairman
Life Insurance Corporation of India has said that it will retain part of its stake in IDBI Bank to reap the benefits of the bancassurance channel
-
Nationwide Strike Hits Banking Operations, Transport Services
Public dealings at some bank branches were hit and transport services were affected as thousands of workers began a two-day nationwide strike
-
Roadshows To Asses Investors' Interest For IDBI Bank Privatisation, Government Says
The government is holding roadshows for IDBI Bank privatisation and will come out with expression of interest (EoI) after assessing investor interest, Minister of State for Finance Bhagwat Karad said on Monday.
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5 Lakh To Lose Jobs: BJP's Varun Gandhi On Banks, Railways' Privatisation
Ruling Bharatiya Janata Party (BJP) MP Varun Gandhi on Tuesday opposed any privatisation of banks and railways, claiming it will render five lakh people unemployed, and asserted that a public welfare government cannot create inequality.
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No Cabinet Decision On Privatising 2 State-Owned Banks: FM
Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the union cabinet has not taken any decision to privatise two public sector banks
-
2-Day Strike By State-Run Bank Employees Ends, Services Hit Across India
Services like deposits and withdrawal at branches, cheque clearance and loan approvals remained paralysed due to the two-day strike. ATMs at different parts of the country went dry on the second day.
