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Finance Ministry

02 Mar 2017

Exit non-core businesses: Finance Ministry advises public sector banks

As part of capital raising exercise, the Finance Ministry has advised state-owned banks to prepare a list of their non-core assets and look at disposing them at opportune time.

consolidation of banks

05 Mar 2016

Expert group on consolidation of banks soon: Jaitley

Government will soon set up an expert group to look into consolidation of public sector banks as the country needs stronger rather than a large number of banks, Finance Minister Arun Jaitley said here on Saturday.

05 Jan 2015

Take all commercial decisions without fear: Arun Jaitley to PSU banks

Finance Minister Arun Jaitley on Monday called on public sector banks to take all commercial decisions without any fear or favour.

03 Jan 2015

Need to clean up bad debts in banks within a year: Raghuram Rajan

Total Gross Non Performing Assets of public sector banks stood at over Rs 2.43 lakh crore as on end-September 2014. The top 30 NPAs account for Rs 87,368 crore or 35.9 per cent of total gross NPAs of PSBs.

04 Jan 2015

PM seeks end to lazy banking; asks banks to be more proactive

Calling upon the banking sector to establish banks which rank among the top banks of the world, Modi said that banks need to be run professionally and assured them that there would be no interference.

03 Jan 2015

Banks should run professionally without any interference: PM Modi

He also asked the banks to play a proactive role in helping common man and put an end to lazy banking.

03 Jan 2015

Stake sales in PSU banks only at appropriate valuation: Sinha

Government on Saturday made it clear that any decision to undertake a stake sale in public sector banks will be so for an "appropriate valuation".

03 Jan 2015

Govt committed to fiscal consolidation: Sinha

Asserting the government is committed to fiscal consolidation, Minister of State for Finance Jayant Sinha on Saturday said the quality of figure was important and hinted at not resorting to massive expenditure cuts.

03 Jan 2015

India needs reforms in banking sector, more autonomy for state banks: Arun Jaitley

India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on Saturday on the sidelines of a two-day banking retreat.

03 Jan 2015

Gyan Sangam: Modi to brainstorm with bankers on PSB reforms

Also efforts would be to seek "out of box" ideas from prominent experts and from top level managers attending the retreat.

03 Jan 2015

Gyan sangam: PM Narendra Modi to meet bankers, regulators today

Prime Minister Narendra Modi will on Saturday meet top bankers, insurers, financial sector regulators and Finance Ministry officials, who assembled here on Friday for a two-day "retreat" to discuss plans for revitalising the banking sector.

03 Jan 2015

Gyan Sangam: Bankers hold extensive discussions to draw reform blueprint

Inaugurating the meeting, Minister of State for Finance Jayant Sinha said the bankers should provide suggestions which could lead the economy to 7-8 percent sustainable and non-inflationary GDP growth.

02 Jan 2015

Gyan Sangam: Low demand for credit an area of concern, says Banking Secretary

Acknowledging that bad loans are "problem area," Financial Services Secretary Hasmukh Adhia on Friday said the low demand for credit is an area of concern and there is need to increase the same.

02 Jan 2015

Gyan Sangam: Create structures for easy capital to PSU banks, says Banking Secy

Mergers and acquisitions are not the only way for consolidation in public sector banks, as creating a mechanism for easier access to capital would also improve their balance sheets, Financial Services Secretary Hasmukh Adhia said on Friday.

02 Jan 2015

Two-day retreat 'Gyan Sangam' to begin today; focus on public sector banks reforms

Finance Minister Arun Jaitley, RBI Governor Raghuram Rajan, top officials of the Finance Ministry and heads of PSBs will be attending the retreat.

01 Jan 2015

Gyan Sangam: Bankers, regulators to discuss ways to revitalise banking sector

On concluding day, Prime Minister Narendra Modi will address the meet Gyan Sangam, a retreat of chiefs of financial institutions.

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