Govt to reduce number of PSBs to 10-15: Finance Ministry - AsianetIndia

The finance ministry is mulling reducing the number of public-sector banks (PSBs) in India by merging some of the banks, the finance ministry's principal economic advisor Sanjeev Sanyal said. He said the ministry would begin the process of bank mergers ...

Centre to reduce its stake in PSU banks by 52% - IndiaGlitz.com

It is reported that the Centre is planning to reduce its stake in public sector banks by 52% in the post-demonetization phase. There are 21 public sector Banks in the country and as per reports emanating from the corridor of power in the national ...

Govt may have to lower number of public sector banks to 15. Here's why - Times Now

New Delhi: India will have 10-15 public sector banks with the government as the majority stakeholder, from 21 now, as part of its plan to consolidate lenders, finance ministry's principal economic advisor Sanjeev Sanyal said on Friday. He said cleaning ...

Number of public-sector banks to be brought down to 10-15: Finance Ministry - The New Indian Express

NEW DELHI: The finance ministry is mulling reducing the number of public-sector banks (PSBs) in India by merging some of the banks, the finance ministry's principal economic advisor Sanjeev Sanyal said here on Friday. He said the ministry would begin ...

Centre mulls using stake sale proceeds for PSB capital infusion - Financial Express

The government is exploring various options — including using proceeds of the dilution of its share in certain public-sector banks (PSBs) and floating bonds — to infuse capital into PSBs, according to principal economic adviser in the finance ...

First, fix the banks - The Indian Express

indian economy, gdp, rbi, working capital, investment, yashwant sinha, yashwant. The report has said the exorbitant rise in number of PoS terminals after demonetisation from merely 13.8 lakh in March 2016 to 28.4 lakh as of July 2017 has resulted in an ...