Cabinet okays merger of 5 associate banks with SBI
Putting all speculations to rest, Union Cabinet on Wednesday approved the takeover by country’s largest lender—State Bank of India (SBI)…
16 JUN 2016
Public sector
Home
/
Public sector
India Post Payments Bank to open 650 branches in all major districts
Communications and IT Minister Ravi Shankar Prasad has said that Department of Posts’ payment bank will establish 650 branches by…
13 JUN 2016
IFC emerges as top contender to buy IDBI stake
International Finance Corporation (IFC)— private sector lending arm of the World Bank has become the top contender to buy around 15…
13 JUN 2016
SBI, CaixaBank sign MoU to fund Indo-Spanish JVs
Country’s largest lender— State Bank of India (SBI) and Spain’s CaixaBank have signed an agreement to provide financial support to…
10 JUN 2016
PSU banks need Rs 1.2 lakh-cr infusion from Govt, says Moody’s analysis
Moody’s Investors Service on Friday said that in order to strengthen balancesheets of public sector banks, Government will have to…
10 JUN 2016
Banks shouldn’t have majority ownership in stressed asset funds: RBI
Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday said that banks should not have majority ownership in any…
07 JUN 2016
SBI merger with associates to be cleared soon, assures Jaitely
Finance Minister Arun Jaitley said on Monday that decision on State Bank of India’s (SBI) proposal of merging five subsidiaries…
07 JUN 2016
SBI possesses largest PoS network in India
Reserve Bank of India’s (RBI) latest data has brought cheers to country’s largest lender— State Bank of India (SBI) which…
31 MAY 2016
Department of Posts’ payments bank to have Rs 800 cr corpus
Minister for Communications and I&PR Ravi Shankar Prasad on Monday said the upcoming payments bank of the Department of Posts will have…
31 MAY 2016
SBI associates’ staff go on strike, protest proposed merger
In order to cripple bank services, over 50,000 employees of five associate banks of State Bank of India (SBI) have…
20 MAY 2016
