Experts say it won't be easy to appraise general managers because the board won't be knowledgeable enough
10 banks to be merged into 4; Indian Bank & Allahabad to be one
It was mainly based on system integration that the government took a call for amalgamation, said Narayanan
Banks looking to reduce their exposure to the troubled industry have been demanding 25 per cent collateral for inventory financing
It also aims to find out the role of PSBs as active partners in the Indian growth story for the next five years
Workmen and officer unions likely to hammer out separate deals
Proposal seeks to improve human resource practices and raise funds to meet the financial needs of 19 PSBs
PSB executives said banks will look at expanding their loan books with focus on the retail, agriculture and micro, small and medium enterprises segment
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny charges of link to govt
The training programme will contain thought leadership courses, group exercises, simulations, including role plays and situation analysis and personal explorations workshops
Unless basic reforms are initiated to change the way the PSBs work, it will be merely a waste of the taxpayers' money
Referring to Insolvency and Bankruptcy Code, he said it is an important development
FinMin wants banks to get commitment from trade unions
At present, much of their loan recovery happens in written-off accounts
State-owned banks with weak profile take up costly long-term interest commitment
Bankers frustrated over big chunk for loss making banks
Systemic reform of government-owned banks will ultimately have a huge positive impact on capital productivity in our economy
RBI data show during Jan-March quarter bank credit of PSBs grew by a mere 1.4%
PSBs (excluding SBI and its associates) have also been struggling with deposit accumulation in the same period
IRDAI has opened up corporate agency channel wherein banks can tie-up with up to three life, three non-life and three standalone health insurers