Chief Economic Adviser KV Subramanian has indicated that the government may easily mobilise Rs 90,000 crore by divesting 6-7 per cent stake in Life Insurance Corporation

Congress leaders Shashi Tharoor and Priyanka Gandhi Vadra attacked the Yogi government over the increased unemployment in UP.Average unemployment in India's most populous state UP rose to 9.95 per cent in 2019 from 5.91 per cent in 2018

Outstanding loans rose Rs 98,926 crore ($13.86 billion) to Rs 101.03 lakh crore in the fortnight to January 31

The top three profit making PSUs including ONGC, Indian Oil and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively, to the total profit earned by all profitable CPSEs

As per RBI, an amount equivalent to the incremental credit outstanding from the fortnight beginning between 31 Jan-31 July, 2020 will be eligible for deduction from NDTL for a period of five years from the date of origination of the loan

As per RBI data, gross NPAs of PSBs rose from Rs 2,79,016 crore as on March 31, 2015, to Rs 6,84,732 crore as on March 31, 2017 and Rs 8,95,601 crore as on March 31, 2018

Centre on August 30 last year announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017. The move was aimed at making state-owned lenders global sized banks

Chidambaram rates Modi govt's Budget 2020 'zero'; raises questions over $5 trillion economy targetFormer finance minister P Chidambaram, during an interview with India Today on Thursday, rated Modi government's Budget 2020 as \"zero\". He      said the compelling need of the hour was to arrest the six-quarter decline and revive growth, but the budget offered nothing. \"Therefore, I would not hesitate to rate it zero,\" he said.Coronavirus kills 'hero' Chines...

\"One of the challenges before public sector banks in the near future is the merger of the bank...IT merger needs to be handled very carefully,\" says Kumar

SBI chief, at an event held by Indian Banks' Association, says banks can achieve higher growth if they continue to make profits; lists out role of other players like states in supporting country's economic growth

Frauds rose slightly to Rs 18,893 crore in 2018-19 but started declining again to Rs 5,244 crore in the first three quarters of 2019-20 fiscal, Minister of State for Finance Anurag Thakur says

\"Reduction of corporate tax rate is a first supply side move to get private investment back; for many years, India was disproportionally dependent on consumption driving economic growth and not investment. On demand side, we need to get more confidence,\" says Kotak

Union Minister of State for Finance Anurag Thakur also said in Lok Sabha that scheduled commercial banks and select financial institutions have reported frauds to the tune of Rs 1,13,374 crore in the first half of the current financial year. 

The minister further said that while improved \"detection\" and \"reporting\" has increased the reported amount involved in recent years, the comprehensive steps taken to check bank frauds have resulted in the amount involved by year of occurrence of fraud showing a declining trend.

Like RBI, the LIC is also the last resort lender for the government. Be it ONGC's offer for sale to public or rescuing public sector banks, the LIC has invested without any protest in the past

Budget 2020: Presenting the Modi 2.0 government's second budget in Parliament, Sitharaman said that the government will be selling stake in the lender to private retail investors

Union Budget: The SMEs that the government had hoped to strengthen at the start of its second term have pinned their hopes on this budget

Bank strike 2020: ATM services of several PSU banks are likely to be hit owing to the 2-day nationwide strike called by banks. Here's all you need to know

Budget 2020 wishlist: The first big measure regarding banking sector that many are expecting Finance Minister Nirmala Sitharaman to announce in her second Budget speech is a hike in deposit insurance cover

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