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Supreme court refuses to put stay on merger of Dena, Vijaya...

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The Supreme Court of India while hearing a plea flied by the bank officers association refused to put immediate stay on merger of three...

Moody’s upgrades ratings of Cental Bank of India and Indian oversees...

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Moody's Investors Service, a global credit rating agency, has the local and foreign currency ratings of Indian overseas Bank and Central bank of India...

Government gives approval to a planned recapitalization of ₹48,000 for 12...

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The Narendra Modi government gave approval to a planned recapitalization of 12 public sector Banks(PSB). This will also include fraud hit Punjab National Bank(PNB). The...
money

Govt.’s PSB recapitalization plan gets positive response by credit rating agencies

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The centre's decision of recapitalization of Public Sector Banks (PSBs) gets positive feedback by some of the credit rating agencies. On December 20, Finance Minister...

Arun Jaitley: FY19 PSU bank recapitalization will be ₹1.06 lakhs crores

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Addressing the media on supplementary grants and public sector banks (PSBs), Finance Minister Arun Jaitley, on December 20, said that more capital will take...

Government banks in search of new talent; Might hire 100,000 to...

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Public Sector Banks (PSBs), such as the State Bank of India, Canara Bank, Bank of Baroda and Syndicate Bank, are planning to recruit about...