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Adani Group Bags Rs 60,000 Crore Funding Boost From Indian Banks For Infra Projects; Report

The Adani Group has successfully secured Rs 60,000 crore in financing from a consortium of Indian public and private sector banks led by the State Bank of India. The funds are earmarked for a range of significant infrastructure projects, including green ...

Canara Bank Share Price In Focus: 1:10, 1:5, 1:2, 1:1, What Will Be This PSB's First Stock Split Ratio?

Public sector lender, Canara Bank will be announcing its first-ever stock split in the coming days. The PSB is in focus accordingly. On Wednesday, Canara Bank touched Emkay Global's target price of Rs 550, while it is moving closer to Motilal ...

Consolidation Of PSBs Has Not Impacted, Their Outreach, Says RBI Deputy Guv Rao

Reserve Bank Deputy Governor M Rajeshwar Rao on Friday said consolidation of public sector banks does not seem to have had any negative impact on their outreach or inclusive banking efforts. The number of state-owned banks has reduced from 27 (in ...

FM To Meet CEOs Of PSBs, To Review Progress Of Schemes For SCs

Finance Minister Nirmala Sitharaman will on Tuesday meet heads of public sector banks and financial institutions to review the progress of various government schemes aimed at the welfare and upliftment of scheduled castes. Schemes like Stand-Up India, Pradhan Mantri Mudra Yojana ...

India Aims To Reduce State-Run Bank Count To Just 5

The government is aiming at privatising over half of its state-run lenders and lower the count of state run banks to just 5, a source from the government and banking said. In the first phase, there shall be major stake ...

Merger Of PSBs To Come Into Effect From April 1, 2020

On Wednesday, the finance minister Nirmala Sitharaman said the merger of 10 PSBs into 4 will come into effect from April 1, 2020. "The Union Cabinet has given its go-ahead for the merger proposal and the government has been in regular ...

Public Sector Banks To Adopt Uniform Hours Of Operation Across India

As part of the reform measures mooted by the government under Enhanced Access and Service Excellence Programme (EASE) 2.0, PSBs will adhere to standard hours of operation across the country. A panel including bankers has suggested that each of the regions ...

All Companies To Comply With Minimum Public Float Of 25% By August 2020: Fin Secretary

On Friday, at an event on Budget by the Confederation of Indian Industry, Finance Secretary Subhash Chandra Garg said that "All companies to have 25% Minimum Public Shareholding by August 2020". DIPAM secretary Atanu Bhattacharya who was also present on the ...

Why The Timing Of LIC Cutting Stake In Government Banks Was Wrong?

LIC recently cut its stake in government owned banks. Now imagine how much the insurance major would have lost. On Wednesday and Thursday , PNB has surged almost 45 per cent in trade, SBI almost 35 per cent, Bank of Baroda ...

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