Tag Archives: PSU

Govt to initiate PSU bank consolidation process after Q1 numbers

The government in February had approved the merger of these five associate banks with SBI. Photo: Hemant Mishra/Mint New Delhi:┬áThe finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) once the first quarter results of the current fiscal have been announced, a senior official has said. There are various things including financial performance which ... Read More »

Arun Jaitley to meet PSU bank chiefs on Monday to review NPA situation

Arun Jaitley will meet heads of PSU banks on Monday to discuss the issue of non-performing assets. Photo: Reuters New Delhi: Finance minister Arun Jaitley will meet heads of PSU banks on Monday to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans which have crossed Rs6 lakh ... Read More »