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
PTI -
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
TN Ninan -
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
Modern wars need tech edge. Army’s Integrated Battle Groups will be toothless without it
In the IBGs, third-generation anti-tank and air defence weapons, and loiter ammunition must be available down to unit level.
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
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.