Tuesday, February 7, 2023
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bank privatisation

IMF projects 6.8 % growth in current fiscal for India

Projecting a growth rate of 6.8 percent and 6.1 percent in current and next fiscal, the IMF said that India is navigating a difficult external environment

Bank employees association expresses concern over depleting forex reserve

Expressing concern over depleting forex reserves, an AIBEA leader said if the issue is overlooked, it may lead to severe economic crisis like in Sri Lanka

India doesn’t need so many public sector banks, says former SBI chief

While observing that public sector banks are not enabled enough, the former SBI chief asserted that wholesale privatisation of PSBs is not the answer either

Govt to soon invite bids for IDBI Bank privatisation

DIPAM is working on inviting EoI and will soon seek preliminary bids from investors for the privatisation of IDBI Bank, said Secretary Tuhin Kanta Pandey

Govt likely to invite preliminary bids for IDBI Bank privatisation next month: Official

The govt is likely to invite preliminary bids for privatisation of IDBI Bank by July-end and is currently holding roadshows in the US, an official said

Advance action on bank privatisation underway: DFS secretary

Advance action is underway on bank privatisation in line with the announcement made by the FM, said DFS Secretary Sanjay Malhotra said

Varun Gandhi opposes bank, railway privatisation, says it will leave 5 lakh jobless

Synopsis: Launching a fresh offensive against the Central government's policies, Bharatiya Janata Party (BJP) MP Varun Gandhi opposed the privatisation of banks and railways, claiming that it will render five lakh people jobless

PSB privatisation: What was the impact of the 2-day bank strike?

The two-day nationwide bank strike against the government's privatisation plan for public sector banks (PSBs) affected the clearing of cheques worth around Rs 37,000 crore

No proposal being considered for public sector bank merger currently: Dr Bhagwat Karad

The Centre is not considering the merger of any public sector bank (PSB) currently, said Minister of State (MoS) for Finance Dr Bhagwat Karad in the Lok Sabha

Cabinet approves strategic disinvestment & transfer of management control in IDBI Bank

The CCEA, chaired by Prime Minister Narendra Modi, has given its in-principle approval for the strategic disinvestment, along with transfer of management control, of IDBI Bank Ltd

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