Updated : 4 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], Sep 3 (ANI): Shares of public sector banks (PSBs) traded under pressure on Tuesday after the government last week unveiled a mega-plan to merge 10 of them for creating four stronger lenders with countrywide networks and global reach.
Mumbai (Maharashtra) [India], Sep 3 (ANI): Equity benchmark indices were in the negative zone during early hours on Tuesday in line with global cues while investors remained cautious after the government last week reported 5 per cent GDP growth during the first fiscal quarter of April to
Updated : 4 months, 4 weeks ago IST
New Delhi [India], Aug 31 (ANI): The consolidation of 10 public sectors banks announced by the government is credit positive but there will not be any immediate improvement in their credit metrics as all of them have relatively weak solvency profiles, global rating agency Moody's has said.
Updated : 5 months ago IST
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
New Delhi [India], Aug 29 (ANI): Hindustan Petroleum Corporation Limited (HPCL) has bagged the best navratna award in manufacturing category at Dun & Bradstreet PSU Awards 2019 consecutively for the second year in a row.
Raebareli (Uttar Pradesh) [India], Aug 27 (ANI): Congress general secretary Priyanka Gandhi on Tuesday hit out at the Centre for the privatisation of Modern Coach Factory (MCF) in Raebareli and accused the Bharatiya Janata Party (BJP) of implementing the 'Company Raj' to handover factories,
Mumbai (Maharashtra) [India], Aug 27 (ANI): Equity benchmark indices swung between gains and losses during early hours on Tuesday, a day after the Reserve Bank of India decided to transfer Rs 1.76 lakh crore surplus to the government.
Mumbai (Maharashtra) [India], Aug 26 (ANI): Equity benchmark indices were in the negative zone during early hours on Monday despite Finance Minister Nirmala Sitharaman last week announcing a slew of measures to spur the economy, including roll-back of an increase in surcharge on the income t
Updated : 5 months, 1 week ago IST
Mumbai (Maharashtra) [India], Aug 23 (ANI): PSU Oil Marketing Companies - Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) - have been constrained to suspend supply of jet fuel to Air India and Alliance Air flights at six airports
Mumbai (Maharashtra) [India], Aug 21 (ANI): Equities failed to gather momentum on Wednesday as investors remained cautious amid dwindling foreign portfolio investments and weak corporate earnings.
Updated : 5 months, 2 weeks ago IST
New Delhi [India], Aug 10 (ANI): More government-owned banks have announced linking their lending and deposit rates to the Reserve Bank of India's (RBI's) repo for facilitating faster transmission after the State Bank of India did so in May.