Tuesday, February 7, 2023
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Banks Watch Bureau

PSU Appointments

Anil Kumar Lahoti (IRSE) takes over charge as Chairman & CEO of Railway Board

Banks Watch Bureau -
A 1984 batch officer of Indian Railway Service of Engineers (IRSE), Lahoti has an illustrious career with vast experience in Railway management and administration
Corporate Watch

Bank of Maharashtra profit doubles to Rs 535 cr in Q2

Banks Watch Bureau -
Bank of Maharashtra was able to reduce gross non-performing assets (NPAs) to 3.40 percent of the gross loans in September-end 2022 from 5.56 percent
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Banks will play big role in making India a developed country by 2047: FM

Banks Watch Bureau -
Banking sector has to make a big contribution to making India a developed nation by 2047 said Finance Minister Nirmala Sitharaman at IBA's 75th AGM
Latest News

Financial Inclusion: PSU banks to open about 300 branches in unbanked areas

Banks Watch Bureau -
PSU Banks will open about 300 brick-and-mortar branches in the unbanked areas of various states by December 2022 as part of the financial inclusion drive
Latest News

Govt revamps BBB into Financial Services Institutions Bureau

Banks Watch Bureau -
Sources said the ACC has also approved the appointment of Bhanu Pratap Sharma, former Chairman, BBB as the initial chairperson of FSIB
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No PSU employees involved in ABG scam: Finance Minister

Banks Watch Bureau -
The FM has told parliament that the CBI has registered a case against the company and its directors last month and no PSU employee has been found to be involved in the ABG scam
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Banks privatization: No information so far, clarify Indian Overseas & Central Bank of India

Banks Watch Bureau -
Both the Indian Overseas Bank (IOB) and Central Bank of India have clarified that there has been no information regarding the reported privatization of the Banks
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Moody’s raises Indian Banking System outlook to ‘stable’ from ‘negative’

Banks Watch Bureau -
Moody's upgraded the outlook for the Indian banking system to 'stable' from 'negative' citing moderate deterioration of asset quality since the onset of the pandemic
Latest News

Indian Overseas Bank removed from PCA watchlist

Banks Watch Bureau -
Following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms, RBI removed Indian Overseas Bank from Prompt Corrective Action Framework (PCAF)
Latest News

UCO Bank removed from Prompt Corrective Action (PCA) watchlist

Banks Watch Bureau -
State-owned UCO Bank has been removed from Reserve Bank's Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written commitment
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PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.

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