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P J NAYAK
IT stocks gain for 3rd day on rupee fall, tempered AI viewIndian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins for dollar-earning software expor...- Former Finance Secy Hasmukh Adhia nominated again as BoB chairmanBoB is the third biggest public sector lender after State Bank of India and Punjab National Bank. Adhia retired as Revenue-cum-Finance Secr...
- PM Modi’s PSU bank spends beat 45 years’ investmentsThe government has been forced to infuse funds after PSU banks reported collective losses from FY16 to FY19 totalling Rs 1,64,474 crore.
- Institutionalisation of P J Nayak panel report to improve governance of PSBs: CEAK V Subramanian said some of the recommendations of the Nayak committee have been implemented and some more need to be institutionalised.
- CDC bats for Shivanand Nimbargi for its renewable venture in South AsiaThe development finance institution plans to invest $100 million in its solar energy platform aimed at catering to Indian, other South Asia...
- Final norms for on tap bank licences this fiscal: RBIThe Reserve Bank had earlier issued draft guidelines for payment and small banks and is in the process of finalising the final norms.
- Government rejects P J Nayak panel view of cutting stake below 50%The government is considering issues related to greater autonomy to bank including raising tenure of Chairman and Managing Directors (CMDs)...
- Larsen and Toubro Construction and Mining Machinery sets up facility in Tamil NaduFormer Larsen and Toubro Board Member J P Nayak inaugurated the facility at the town, about 50 km from here yesterday.
- P J Nayak report implementation can improve ratings of public sector banks, says Fitch RatingsThe RBI appointed Nayak committee, which submitted its report on May 13, addresses governance issues at both private and state-owned banks.
- Reject Nayak panel report on PSU banks, demands bank unionA bank employees' union has asked the govt to reject Nayak committee recommendations on bank privatisation saying the report would not be a...
- Banks to stage nationwide demonstrations on May 23Unhappy with the report suggesting privatisation of public sector banks, five bank employees unions decided to stage nationwide demonstrati...
- Bank unions issue strike call on May 23 against P J Nayak Committee reportLast week, an RBI working committee had suggested the government to cut its holding in public sector banks to below 50 per cent level.
- P J Nayak panel Committee report recommendations retrograde: CPIExtending support to the union's call, the CPI said since bank nationalisation in 1969, their branches have grown from 8000 to 80,000 and n...
- 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...
- Reserve Bank of India's P J Nayak panel report calls for single bank licencing regimeThere is a need for bank licencing regime to be in a uniform mode for all broad-based banks, irrespective of their ownership, an RBI panel ...
- Top bankers, regulators & legal experts to assist Sri Krishna in FSLRCAn eclectic mix of bankers, former fin regulators & legal experts have been named members of the Financial Sector Legislative Reforms Commi...
- Axis Bank opens representative office in DubaiAxis Bank opened its representative office in Dubai on Sunday joining a host of Indian banks in both public and private sector.
- L&T plans to enter nuclear power sectorEngineering and construction major Larsen and Toubro (L&T) is planning to enter the nuclear power sector, a top company official has said.
- UTI bank likely to raise debt in overseas mktsUTI Bank is likely to raise debt in overseas market to fund expansion of its operations in Singapore.
- 'Suminfra2006' to deliberate on PPP in infrastructureIndia needs Rs 27,60,000 crore of infrastructure investment over the next 10 years and the money for it has to come from the private sector...
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