Thursday, 19 May, 2022
TopicPublic banks

Topic: public banks

Singed by farm protests, Modi govt holds up privatisation of 2 PSU banks until state polls

The government had listed the Banking Laws (Amendment) Bill, 2021 in the Winter Session of Parliament but it still awaits cabinet approval.

About 41,177 posts vacant at public sector banks, says Nirmala Sitharaman

In a written reply in Lok Sabha, Sitharaman also said that no post/vacancy has been abolished during the last six years in the PSBs, except one post in Punjab & Sind Bank in 2016.

Let’s stop pretending. Indian banking sector needs to be mostly private to be healthy

It’s virtually written in the stars that private banks will continue to grab a bigger share than public banks. Two or three large, better-run govt banks should suffice.

Higher interest, processing fee — How banks are making hay amid Covid as customers take a hit

From levying charges on cash deposit to processing fee on debt recast, both public and private lenders are finding a way to boost revenue.

Top universities go out of reach as banks reject students after education loans turn bad

Education loan NPAs of state-run banks rose to nearly 9% as of March 2018, according to data available with the Indian Banks' Association.

On Camera

YourTurn

PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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