Mutual Fund or Bank deposit ?
[ad_1] The finance ministry has directed all public sector banks to fill vacant posts reserved for Scheduled Castes (SCs) by December 31 and address all grievances of SC consumers and employees through a special drive by October 31. The decision came at a meeting convened by finance minister Nirmala Sitharaman with
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[ad_1] 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. Bhattacharya further said much of the goals that are expected to be achieved through privatisation of PSBs can also actually be achieved by enabling
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[ad_1] The government is in favour of banks working closely with the non-banking financial companies (NBFCs) and fintech companies for co-lending and also push forward the digital route, an official said. Speaking at a CII event here on Friday, Hardik Mukesh Sheth, director (banking operations) of the department of financial
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[ad_1] Public sector banks are slowly moving out of Hong Kong as tougher regulations, losses on trade financing business and Covid-related restrictions have diminished the importance of the island city, which was once a premier global financing hub. Out of the eight public sector banks operating in Hong Kong, four have
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[ad_1] is ready to infuse Rs 500 crore into , which is planning to raise capital through rights issue of shares. The public sector bank board has approved the bank's participation in the proposed rights issue for an amount up to 500 crore in order to retain the bank's shareholding
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[ad_1] Finance Minister Nirmala Sitharaman on Tuesday said no public sector bank employees were found to be involved in the Rs 14,349 crore bank fraud by ABG Shipyard Ltd (ABGSL), and CBI has registered a case against the company and its directors last month. ABG Shipyard was sanctioned loan under
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[ad_1] Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get the lion's share of the Rs 15,000 crore earmarked for capital infusion in state-owned banks for the current fiscal. This will help these public sector banks (PSBs) meet regulatory requirements. The capital infusion of Rs
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[ad_1] Systemic risks in India's banking sector have significantly reduced from what they were during the first viral wave, although lenders under state ownership score lower on risk perception than their private-sector counterparts. "The risk generated by the category of merged PSBs is comparatively higher than the unmerged PSBs," the central
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[ad_1] The Comptroller and Audit General (CAG) has raised its concerns over treatment of expenditure of bank recapitalisation during 2017-18 and 2018-19, stating that it was against the provisions of the fiscal responsibility and Budget Management (FRBM) Act. For recapitalisation of state-run banks, the government provided ₹80,000 crore in 2017-18
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[ad_1] Union finance minister Nirmala Sitharaman on Wednesday addressed the media on the annual performance review of the public sector banks (PSBs). DFS Secretary Debashish Panda announced the hike in pension payout to bank employees. Family members of deceased PSB bankers will now get pension of 30% of last drawn
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