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Home > Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman
Nirmala Sitharaman
Government committed to more reforms: Nirmala Sitharaman
04 Dec 2019 1:33 AM

She invited Swedish firms to invest in infrastructure development projects.

PNB holds around 30 per cent stake in PNB MetLife India Insurance as a promoter and OBC holds 23 per cent stake in insurance joint venture—Canara HSBC Oriental Bank of Commerce Life Insurance Company. Following the merger, which will come into effect from April 1, 2020, PNB will take over OBC and United Bank.
Public sector banks told to outline insurance JVs’ future
03 Dec 2019 1:54 AM

Banks will have to take a call and then come to the regulator with a road map on what they want to do: official.

Finance Minister Nirmala Sitharaman
Government takes cover in fastest growing economy theme
19 Nov 2019 2:05 AM

The government has brought in major reforms to boost investment climate in the country for becoming a $5-trillion economy: Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman
Call to exempt banks from deposit cover
19 Nov 2019 2:04 AM

AIBEA says banks waste a huge sum on this.

The RBI, however, said the issue of the directions to PMC Bank should not be construed as cancellation of banking licence by the central bank. PMC Bank can continue to undertake banking business with restrictions till further notice/instructions from RBI.
RBI puts restrictions on PMC Bank for 6 months
25 Sep 2019 2:06 AM

Depositors panic as withdrawals capped at Rs 1,000 per account.

The effective new rate will be 25.2 per cent, including all additional levies and is applicable only for companies.
Bank stocks seen as top beneficiaries
21 Sep 2019 1:15 AM

Most of the bank stocks are in the higher tax bracket and will see improvement in earnings.

The market logged the biggest single-day jump in a decade with the Sensex surging 1921 points, or 5.3 per cent, to 38014.62 and the Nifty gaining 569 points, or 5.3 per cent, to 11274.20.
Market turns bullish on tax cut, Sensex vaults 1921 pts
21 Sep 2019 1:11 AM

Biggest single-day jump in a decade, m-cap up Rs 7 lakh crore.

Nirmala Sitharaman
Public sector banks asked to hold loan melas
20 Sep 2019 1:17 AM

The idea behind this move is to ensure maximum credit disbursal during the festive season.

Nirmala Sitharaman
Full focus on lifting Q3 GDP growth: Nirmala Sitharaman
11 Sep 2019 1:50 AM

The government, she said, will speed up spending in infrastructure related projects to boost consumption in the economy.

The yield on Canara Bank’s 8.4 per cent notes due April 2026 fell to 7.86 per cent on Thursday, compared with 7.9 per cent Aug. 30, according to data from Crisil. The yield on peer Union Bank of India’s 8.9 per cent notes due 2022 declined to 7.66 per cent versus 7.69 per cent, the data show.
Bank bonds gain over merger plan
07 Sep 2019 1:12 AM

Weaker banks are the biggest beneficiaries of the mergers.

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