Friday, March 27, 2020

Reserve Bank of India (RBI)'s 10 surprise announcement

Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the rapid spread of the deadly coronavirus pandemic. The move came as the country entered the third day of nationwide lockdown to curb the spread of the virus, following an unscheduled meeting of its Monetary Policy Committee...

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Thursday, March 5, 2020

How to effectively run a public sector bank

Public sector banks (PSBs) are a bone stuck in the throat of the government, which can neither swallow them nor throw them out. The BJP government has little faith in a vibrant public sector being able to deliver value to the economy, which it wants on a rapid growth path. But a decent exit needs time and a level of attention to improve banks’ value...

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Cabinet approved plan for banking game-changer , 10 PSBs to turn into four big banks

The Cabinet has approved the consolidation of 10 public sector banks (PSBs) into four 'mega banks', Finance Minister Nirmala Sitharaman announced today. The Union Cabinet, she said, has given a go-ahead for the merger proposal and the government has been in regular touch with these banks....

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