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News
bank privatisation
Bank privatisation News
bank privatisation
26 May 2022
2 private banks to be sold in the country, centre to speed up process
The Centre wants to pass a bill in this regard in the upcoming monsoon session of Parliament. The name of which two banks will be privatised is yet to be announced by the Centre. the Modi government initially chose four medium-sized banks for privatisation.
Bank strikes
17 Dec 2021
Bank Strike Today: SBI and other bank services across country hit
Lakhs of public sector bank employees went on strike for the second day on Friday to protest the government's proposed privatisation of banks. As a result of the two-day strike, services such as deposits and withdrawals at branches, check clearance, and loan applications are still delayed.
bank privatisation
27 Jun 2021
Crucial meeting on bank privatisation: THESE 2 banks are probable candidates
The panel also examined issues pertaining to the protection of interests of workers of banks which are likely to be privatised. Central Bank of India and Indian Overseas Bank are reported to be probable candidates for privatisation. The government last year consolidated 10 public sector banks into four.
bank privatisation
09 Jun 2021
THESE state-owned banks may be picked for privatisation, VRS mooted for staff
Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company.
Niti Aayog
04 Jun 2021
NITI Aayog submits privatisation list: THESE two banks are top contenders
Bank of Maharashtra and Central Bank are the top two candidates that have been favoured for privatisation. United India Insurance may be chosen candidate for privatisation among the three general insurers. Both Bank of Maharastra and Central Bank are west focused banks where public sector bank presence is already stronger.
Bank strike
15 Mar 2021
Banking services to be affected today, over 10 lakh employees to join strike
Banking operations across the country will be impacted on Monday (March 15) and Tuesday (March 16) as employees of various public sector banks decide to go on strike. The nationwide strike is called by the United Forum of Bank Unions (UFBU).
United Forum of Bank Unions
12 Mar 2021
United Forum of Bank Union hold protest against privatisation of banks
10 lakh bank employees have been protesting in the country for the last one month United-Forum made every effort before the Additional Chief Labour Commissioner to prevent the strike Banks will remain closed for four days from Saturday
bank privatisation
16 Feb 2021
Have a/c in THESE 4 banks shortlisted for privatisation? Is your money safe?
The shortlist has not previously been reported. Govt considering mid-sized to small banks. First round of privatisation to test waters.
bank privatisation
16 Feb 2021
THESE 4 banks shortlisted for privatisation: Details inside
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.
bank privatisation
16 Feb 2021
Modi govt's big move! Four state-run banks shortlisted for privatisation
The shortlist has not previously been reported. Govt considering mid-sized to small banks. First round of privatisation to test waters.
Getting It Right
29 Jun 2018
Bank privatisation is only solution
Neither the PCA nor any other framework can cure the banking sector, for the problem is structural rather than functional: it is the government ownership that is at the heart of the rot.
Infosys
21 Mar 2018
Nilekani bats for PSB privatisation in taxpayers interest
Introduction of technology-based solutions also makes it possible to cater to the requirements of the smaller borrowers, who were neglected in the pre-nationalisation era, the technocrat said.
Getting It Right
29 Jun 2018
Wedded to Socialism, Congress has learnt nothing and forgotten nothing
The recent Congress plenary session has showed that the Congress still wants to undo the liberalisation that its own government started in 1991.
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