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NARASIMHAM COMMITTEE REPORT
Merger impact: BoB looks to rationalise 800-900 branchesIt does not make sense to have branches of Dena and Vijaya at the same location when both have been merged into BoB, a senior bank official...
Government notifies taking over of NHB from RBIThe RBI has exited the NHB, thus making it a fully government-owned entity.
RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 crThe central bank sold stake in NHB on March 19, while it sold the stake in Nabard on February 26, the bank said in a statement.
Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two yearsInformation technology platform integration alone will take about 12 months and other processes and systems may take another year or so, th...
Keep calm and Malegam: Meet the man chosen by RBI to solve NiravgateFor RBI, Yezdi Hirji Malegam appears to be a Swiss knife. But can the regulator count on him to cut through the Punjab National Bank tangle?
Parliament panel recommends Bhagwant Mann's suspension for current sessionThe committee in its report has held that the conduct of 43-year-old Mann, who had landed in a controversy in July after live-streaming fro...
Panel probing Bhagwant Mann videography issue gets another extensionThe panel had heard security personnel deployed at the gate from where the AAP MP entered the high security zone while making the video.
House panel gets 2 more weeks to submit report on Bhagwant Mann issueThe panel was set up a week after Mann had put out in the social media a video of his vehicle passing security barricades and entering the ...
Any merger initiative has to come from board of banks: Jayant SinhaThe role of the government or the Reserve Bank of India in the merger of banks would be that of a facilitator, Minister of State for Financ...
D Subbarao cautions against creating 'too-large-to-fail bank'Subbarao today cautioned against making a 'too-large-to-fail' banks, saying what is needed is not a monopolist but a number of comparativel...
Public sector banks must not be burdened with social costsThe clock has virtually been turned back on the post-reform period when banks came to be seen as commercial entities rather than as vehicle...
- Govt to buy stake in NHB, Nabard
The government plans to buy out Reserve Bank of India’s stake in National Housing Bank (NHB) and Nabard by June next year to eliminate any ...
- Govt to buy RBI's stake in NHB, Nabard by June 2008: FM
The Reserve Bank owns 72.50% in Nabard and 100% in National Housing Bank. The government has already bought RBI's 59.73% stake in State Ban...
- RBI men to stay off PSU banks’ boards
On February 27, the government replaced nominee directors, appointed by RBI in all 19 nationalised banks, with retired RBI directors. These...
- No RBI official on PSU banks’ board
Reserve Bank of India (RBI) officials will no longer figure on the boards of public sector banks.
- Govt okays re-promulgation of ordinance for recovering NPAs
The government on Friday approved re-promulgation of the securitisation ordinance to enable banks and financial institutions to take posses...
- New debt recovery law to combat mounting NPAs
The government will bring in a new legislation for speedy recovery of debts by banks and financial institutions to deal with non-performing...