Privatisation Of PSU Banks

Barring Air India, the govt has made little progress on the disinvestment front. But, why? This report offers a peek into the government's disinvestment drive and tells why it is in the slow lane?

The government is exploring several options to address the issue for enabling privastisation of PSBs

The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes

What to expect in the Budget session? What to expect on bank privatisation and subsidy reform? What data points of Economic Survey are markets eyeing? What is Expenditure Budget? All answers here

The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands

The policymakers could have chosen no better time than this financial year as the financial quality of the PSB balance sheets has improved this year compared with the last few years

Finance Minister Nirmala Sitharaman proposed to divest stake in two PSBs while unveiling Budget 2021 proposals

The overall trend is optimistic till the Nifty PSU index defends the support of 2,000 mark on the closing basis

Prime Minister Narendra Modi on Wednesday stressed on the private sector's vital role in the economy and asserted that the culture of 'abusing' it for votes is no longer acceptable. If the public sector is important, the role of the private sector is also vital, he said during his reply in Lok Sabha to the discussion on the motion of thanks to the President's address. Watch the video for more.

It is time half-hearted measures to improve the functioning of the urban co-operative banks (UCBs) end

Balakrishnan said India's savings rate also is very high and PSBs provide the required safety net and comfort for savers

Demand for erstwhile public sector banks might build up among possible acquirers, leading to the discovery of more remunerative prices

The fundamental point is that India's PSBs need to be cleaned up and made saleable before the government can think of divesting a large part of its ownership in the restructured banks

The government should look at allowing the public sector banks to raise funds through private participation beyond 49 per cent, by keeping some of the key banks under the control of the state, said former Reserve Bank Governor C Rangarajan. This would make capital available to strengthen a few banks for the interest of the country.Speaking about the current trends in finance and economics in the International Conference on Finance and Economics (ICFE 2017), organised by Loyola Institute of Business Administration, Rangarajan, who is also the former chairman of The Prime Minister's Economic Advisory Council, said "My own advise would be to keep some of the key banks under the control of the State and provide adequate capital from the system and let the others to be privatised or to be allowed to increase the capital by private participation beyond 49 per cent"."This is not an ideological argument, but a purely pragmatic argument that the ability of the system to provide additional ...