These Acts led to the nationalisation of banks in two phases and provisions of these laws have to be changed for the privatisation of banks, they said

The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India, two officials told Reuters on condition of anonymity as the matter is not yet public

Fiscal deficit of 6.8 per cent of GDP in FY22 is achievable, says Ind-Ra, though, like FY21, it depends on Centre achieving disinvestment target of Rs 1.75 lakh crore in FY22

The call for the strike was given by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions.

Budget 2021: The finance ministry has discussed the proposals for bank recapitalisation and fund allocation will depend on a number of key factors

The budget may also have an announcement to create a domestic financial institution to help fund port, road, and power projects with an initial equity capital of around $14 billion, Bank of America Securities India said

The current capital adequacy levels in PSBs do not look too bad, but the current regulatory forbearance post Covid hides the real picture

The banking regulator noted that continuance of the bank is prejudicial to the interests of its depositors, and it would be unable to pay its present depositors in full in its present financial position

India's public debt-to-GDP is expected to touch 90 per cent. The RBI says the COVID-19 events are increasing sovereign debt to levels that have intensified concerns relating to sustainability

To save interest burden and ease fiscal pressure, government has decided to issue zero-coupon bonds for bank recapitalisation; RBI has raised concerns over calculation of an effective capital infusion made in any bank through this instrument issued at par

The audit may be going to analyse the impact of capital infusion in PSBs and how it has been able to improve the financial parameters such as Return on Assets (ROA), Return on Equity (ROE) and rate of growth of advances, sources said

The six large PSBs have just seen consolidation. While the integration of IT infrastructure, people and branches will be a big headache, the market will be looking at synergies and gains

Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish Panda said

Swadeshi Jagran Manch that promotes national self-reliance said that RBI has chosen to ignore the inherent value in LVB, and announced the handover to a foreign entity for free

So far as Regular Savings accounts, Current Accounts, Cash credit accounts & Overdraft accounts, the charges will not be revised upwards in the \"near future\"

To boost the consumption and offer an alternative to the employees, the government has come up with special cash package in lieu of the LTC

Dinesh Kumar Khara is taking over at a time when the overall economy is expected to shrink for the first time in the last four decades

A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'

According to State Bank of India, scammers are contacting SBI customers on WhatsApp and citing fake messages about winning a SBI lottery or a lucky draw reward

COVID-19 pandemic: One in every 250 people on Earth now infectedWith total cases standing at 32.4 million or 0.4 per cent of the world's population, every 250th person on the Earth is now infected with coronavirus. As of September 2020, the world's population stood at 7.8 billion, according to the estimates by the United Nations.The total number of deaths now stand at 983,000.Serum Institute shares, applauds PM Modi's vision: Adar Poonawalla on India's vaccine offer to worldA day after Pr...