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BANK NATIONALISATION ACTS
LIC targets stronger market leadership as it approaches its platinum jubileeLIC CEO R Doraiswamy stated the corporation will maintain its leadership in the life insurance sector and contribute to national developmen...- 'AI won't just moderate posts, it will curate reality': Former White House AI czar David Sacks warns against govt control of AIDavid Sacks, chair of the President's Council of Advisors on Science and Technology and former White House AI and Crypto Czar, has criticiz...
- 'Congress-abuse address': Jairam Ramesh hits out at PM ModiCongress hit back at Prime Minister Narendra Modi's national address, calling it a 'distress address'. The party challenged the PM to bring...
- Govt initiates process for filling posts of independent directors in PSBs, FIsSince many listed public sector banks (PSBs) and some financial institutions (FIs) are short of mandated number of directors, it is in viol...
- Govt notifies general insurance and DICGC billsThe Deposit Insurance and Credit Guarantee Corporation (Amendment) Act ensures that bank account holders are paid up to ₹5 lakh within 90 d...
- Divest governance of PSBs from government: N S Vishwanathan, former RBI deputy governorPrivatisation is a bigger political decision and not an economic one alone, Vishwanathan said, adding that a bank holding company needs to ...
- 50 years of bank nationalisation: How Indira Gandhi changed bankingOn July 20, 1969 then Prime Minister, Indira Gandhi, nationalised 14 major banks - a move that was as politically motivated as it was econo...
- EDs of nationalised banks eligible to become MD of SBI: Finance MinistryMoving away from the tradition, deputy managing directors (DMDs) of SBI were appointed managing directors in several nationalised banks ear...
- RBI doesn't need more powers: GovernmentIn its reply to a Parliamentary panel earlier this year, the RBI had said the banking regulation Act, 1949 is a legislation aimed at regula...
- PSBs told to approach alternative mechanism to fast-track mergersThe alternative mechanism will comprise a panel of ministers and it will give in-principle approvals to proposals for schemes of amalgamati...
- Consolidation among public sector banks exempted from scrutinyIn a gazette notification, the provisions of Sections 5 and 6 of the Competition Act, 2002 will not apply in these cases.
- Food subsidy to be credited in bank accounts of card holdersFood subsidy would be credited in accounts of beneficiaries in nationalised banks as per the provisions of the National Food Security Act, ...
- HC dismisses PIL seeking CBI probe into rise in NPAs of banksThe Bombay High Court today dismissed a public interest litigation seeking a CBI probe into alleged fraudulent grant of loans and consequen...
- Nationalised banks' NPAs rose to 2.16 lakh crore in 2013-14The court had, in March 2014, directed CBI to inform what action it had taken against 140 cases of fraud registered by RBI in connection wi...
- Banking reforms: Public sector banks may be asked to form holding companiesA Bank Investment Committee may exercise control over the individual holding companies and help govt reduce its stake to less than 51%.
- Arun Jaitley-led corporate affairs ministry rejects proposal by finance ministry over banks' CSR normsCorporate affairs ministry has rejected a proposal by finance ministry to exempt banks from 2% mandatory CSR norms owing to their capital c...
- Repealing nationalisation laws: Narendra Modi will have to dismantle parts of Indira Gandhi's legacyModi will have to dismantle parts of the legacy of Indira Gandhi over the course of his tenure if his government is to be considered truly ...
- Bharatiya Mahila Bank targets Rs 1,800 crore business this fiscalBharatiya Mahila Bank, incorporated under the Cos Act to extend banking services to women, is targetting at a business of Rs 1,800 cr this ...
- Bank Nationalisation Act primitive today: P J NayakAccording to Nayak, one of the perspectives that guided the panel was that there should be only one kind of bank licence irrespective of ow...
- House panel okays lifting of voting right cap in banksThe Standing Committee of Parliament on Finance headed by N Janardhana Reddy today gave its approval to the Banking Regulations (Amendment)...
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