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PSB PRIVATISATION
PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energyIndian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sus...- Govt needs to revive NITI Aayog's PSU, PSB privatisation program: Arvind PanagariyaFormer NITI Aayog vice chairman Arvind Panagariya urges the government to revive privatization of public sector undertakings and banks. He ...
- Budget 2024: Govt may tweak laws to push banking sector reforms in Budget sessionThe govt plans to introduce amendments to various banking laws during the Budget session to facilitate banking sector reforms, including pr...
- PSB Privatisation Bill may allow government complete exitThe Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, requires the central government to hold at least 51% of public ...
- Government plans to dress up PSBs before sale; Bank of Maharashtra, BOI, IOB in queueBank of Maharashtra, Bank of India, and IOB are the frontrunners for being privatised. Central Bank of India may be taken up based on its f...
- PSBs looking at privatisation may come out with attractive voluntary retirement schemesFinance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the ...
- Second wave of Covid to derail PSB privatisation: FitchFM Nirmala Sitharaman in her budget speech for FY22 had announced that the government will privatise two public sector banks and one insure...
- Niti Aayog leaves 6 public sector banks out of privatisation planThese banks are Punjab National Bank, Union Bank, Canara Bank and Indian Bank, and Bank of Baroda and SBI that were part of an earlier roun...
- Bank privatisation: How should India go about it?Three key metrics of successful privatisation are competitive industry, good governance and sufficient capital to ensure solvency of, and p...
- Bank privatisation: NPA hive-off, employee transfers being consideredThe govt is likely to consider only banks that were not part of the recent consolidation, which would exclude Punjab National Bank, Bank of...
- Bank of Maharashtra, three other PSBs rally up to 20% on hopes of privatisationThe four banks on the shortlist are Bank of Maharashtra , Bank of India, Indian Overseas Bank and the Central Bank of India, two officials ...
- View: State banks are in dire straits. There's only one way to save themDespite their eroding market share, PSBs may still hold value if they are sold to strategic investors with management control without losin...
- Bank of India hits upper circuit on PSB privatisation hopesA select group of top government functionaries has begun discussions on the proposal.
- Government unlikely to go for privatisation of PSBs this fiscalThe government stake in some PSBs has gone past 75% due to successive capital infusions for meeting regulatory ratios.
- The Ides of March against the idea of reformsUnion Cabinet approved the consolidation of 10 PSBs into four, to be effective from April 1.
- ‘PSB privatisation needs cost-benefit analysis’He said people are yet to get convinced about making banks private unlike the civil aviation sector.
- Time ripe for holding company in PSBs to fix fund-crunch: Former RBI deputy governor SS MundraThe RBI deputy governor's comments come at a time when the PSBs are reeling under the burden of NPAs and a massive fraud that was unearthed...
- Can we save nationalised banks from extinction?Only resolute bold measures taken quickly can save PSBs from extinction. It could prove to be game changer, like unprecedented note ban & G...
- SBI chief Rajnish Kumar hits back at critics seeking PSB privatisationHe said almost all bad loans and poor governance standards cases are from private sector enterprises while state-run firms have high govern...
- Privatisation: A bad solution for India’s banking problemsThe current PSB recapitalisation plan announced by the government, amounting to Rs 2.11 lakh crore over two years, would account for less t...
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