يحاولGOLD- Free

Mergers off but PSB privatization still on
Mint Mumbai|May 20, 2024
T 'he Centre doesn't have any plan to merge public sector banks (PSBS) in FY25, though it will not ditch plans to privatize PSBs during the fiscal, two people aware of the matter said.
- Rhik Kundu Subhash Narayan
Mergers off but PSB privatization still on

"There have been no proposals, at present, to merge any more public sector banks (PSBS)," said the first person mentioned above, speaking on the condition of anonymity.

"We are not aware of any discussions on merging public sector banks or giving up on privatisation," the person added.

Last week, Informist media reported that the government was contemplating a different strategy to strengthen the banking sector, with the finance ministry looking to merge certain state-owned banks if the incumbent Bharatiya Janata Party (BJP) retains power.

India currently has 12 PSBS, down from 27 in 2017, after several mergers were carried out to strengthen some banks.

Before the mergers, the bulk of which were carried out in 2019-

هذه القصة مأخوذة من طبعة May 20, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

Mergers off but PSB privatization still on
Gold Icon

هذه القصة مأخوذة من طبعة May 20, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT MUMBAI مشاهدة الكل
Indian equities not overly expensive, reflect growth prospects
Mint Mumbai

Indian equities not overly expensive, reflect growth prospects

We see structural shifts in India align closely with 5 mega forces driving global economic transformation Ben Powell Chief APAC & ME strategist, Blackrock Investment Institute

time-read
4 mins  |
January 20, 2025
Gaza Ceasefire Begins as Hamas Names the 3 Hostages to Be Released
Mint Mumbai

Gaza Ceasefire Begins as Hamas Names the 3 Hostages to Be Released

Hamas had earlier blamed the delay in handing over the names on 'technical field reasons'

time-read
4 mins  |
January 20, 2025
Tech cos to see more short-term contracts
Mint Mumbai

Tech cos to see more short-term contracts

Shorter deal tenures, more frequent renewals—that is the scenario India's top software services companies are likely to face going forward.

time-read
2 mins  |
January 20, 2025
The great wealth transfer is being powered by women
Mint Mumbai

The great wealth transfer is being powered by women

Women are reshaping the biggest wealth transfer in modern history.

time-read
4 mins  |
January 20, 2025
President Xi Tells Officials Scared of Being Purged: It's OK to Make Mistakes
Mint Mumbai

President Xi Tells Officials Scared of Being Purged: It's OK to Make Mistakes

With the economy on the line and many bureaucrats too cowed to act, party enforcers vow to be lenient—when appropriate

time-read
5 mins  |
January 20, 2025
Bhel may go off govt's selloff list
Mint Mumbai

Bhel may go off govt's selloff list

State-run Bharat Heavy Electricals Ltd (Bhel) may no longer be a potential divestment target as the government considers categorizing the maker of rail coaches to power generation equipment as a \"strategic\" public sector unit, according to two people close to the development.

time-read
2 mins  |
January 20, 2025
Trump Told Advisers He Wants To Visit China As President
Mint Mumbai

Trump Told Advisers He Wants To Visit China As President

The Possibility Of A Visit To China Comes As Trump Has Threatened To Impose Stiff Tariffs On Chinese Imports

time-read
4 mins  |
January 20, 2025
FPI shorts mount as Street awaits Trump flux
Mint Mumbai

FPI shorts mount as Street awaits Trump flux

The change of guard in America looms large over India's stock market, with foreign portfolio investors (FPI) raising bearish bets close to record levels a day ahead of Donald Trump's inauguration as the 47th President.

time-read
2 mins  |
January 20, 2025
Battery swap policy on ice, focus shifts to charging stations
Mint Mumbai

Battery swap policy on ice, focus shifts to charging stations

A federal policy to encourage battery swapping for electric vehicles may go on the back-burner, two people aware of the matter said, in the backdrop of industry fears that forcing common standards is not practical and will hurt innovation.

time-read
3 mins  |
January 20, 2025
Mint Mumbai

What protects us from being stabbed in our own homes?

India extracts a very high price from those who hurt its rich and middle class but this shield could weaken

time-read
4 mins  |
January 20, 2025

نحن نستخدم ملفات تعريف الارتباط لتقديم خدماتنا وتحسينها. باستخدام موقعنا ، فإنك توافق على ملفات تعريف الارتباط. يتعلم أكثر