Latest Breaking News On - வங்கி ஆஃப் மகாராஷ்டிரா - Page 3 : comparemela.com

IOB: Govt plans to dress up PSBs before sale; Bank of Maharashtra, BOI, IOB in queue

Synopsis Bank of Maharashtra, Bank of India, and IOB are the frontrunners for being privatised. Central Bank of India may be taken up based on its financial recovery. Punjab & Sind Bank and UCO Bank, the other two lenders that were not merged as a part of the public sector bank consolidation, are not being considered for privatisation yet, officials said. Agencies Banks will be nudged to exit their non-core businesses to improve their financials before privatisation The government plans to dress up state run lenders’ balance sheets through capital support and sale of non-core assets among other measures before putting them on the block. The transformation plan also includes transfer of impaired loans to the proposed bad bank and reducing employee count by offering attractive voluntary retirement schemes, officials aware of the developments said.

Nirmala sitharamanIndian overseas bankFitch ratingsCentral bankPunjab sind bankSind bankNiti aayogReserve bankPsb privatisationCentral bank of indiaBank of indiaReserve bank of indiaBank of maharashtraஇந்தியன் ஓவர்‌ஸீஸ் வங்கிஃபிட்ச் ரேடிஂக்ஸ்மைய வங்கி

Privatization-Bound PSBs To Roll Out VRS Initiative To Clear Out Deadwood From Their Ranks: Report

Prime Minister Narendra Modi with Finance Minister Nirmala Sitharaman. State-run banks that are set to be privatised this fiscal year are likely to come out with an alluring voluntary retirement scheme (VRS) for interested employees. This new initiative is slated to make banks attractive to buyers which could be taken over by the private sector enterprises that are eager to get into the countryâs banking sector. VRS, a mechanism through which employees are provided an opportunity to take early retirement along with a good financial package, has also been previously put to use for the consolidation purposes of certain public-sector banks (PSBs),

Nirmala sitharamanNarendra modiRajiv gaubaUnion cabinetIndian overseas bankCentral bankCabinet secretary rajivFinance minister nirmala sitharamanPrime minister narendra modiNiti aayogCentral bank of indiaBank of maharashtraPm narendra modiUnion cabinet secretary rajiv gaubaPsb privatizationPublic sector banks

Bank of Maharashtra warns about the potential rise in customer defaults due to COVID

Bank of Maharashtra warns about the potential rise in customer defaults due to COVID
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

State owned bankManaging directorBank of maharashtraநிலை ஓஂட் வங்கிநிர்வகித்தல் இயக்குனர்வங்கி ஆஃப் மகாராஷ்டிரா

Bank of Maharashtra may see rise in customer defaults due to pandemic impact

The Pune-headquartered lender said the impact of the pandemic on its results will depend upon the developments on the coronavirus front going forward, including any stimulus or regulatory packages to mitigate its impact.

Managing directorEconomic activitiesBank of maharashtraCustomer defaultsCovid 19Pandemic impactநிர்வகித்தல் இயக்குனர்பொருளாதார நடவடிக்கைகள்வங்கி ஆஃப் மகாராஷ்டிராசர்வதேச பரவல் தாக்கம்

Privatisation: Union seeks clarity from Fin Min; explains why privatisation of Bank of Maharashtra will hurt Maharashtra s economy

: Sunday, June 6, 2021, 5:35 PM IST Privatisation: Bank union seeks clarity from Fin Min; explains why privatisation of Bank of Maharashtra will hurt Maharashtra s rural economy Privatisation: Union seeks clarity from Fin Min; explains why privatisation of Bank of Maharashtra will hurt Maharashtra s economy The United Forum of Mahabank Unions has written to the Department of Financial Services, under the Finance Ministry, to clarify if Bank of Maharashtra is among the banks to be privatised. The union went on to claim that the news of privatisation may hurt the bank as customers may start to withdraw deposits. Union wrote the news around privatisation which is not been confirmed by the ministry is âcreating confusion in the minds of the customers and it is every likelihood that based on this unauthenticated news customers of Bank of Maharashtra may withdraw their deposits and this is possible more particularly in the state of Maharashtra where Bank of Maharashtra has networ

Privatisation of bankUnited forum of mahabank unionsDepartment of financial servicesUnited forumMahabank unionsFinancial servicesFinance ministryNiti aayogBank of maharashtraதுறை ஆஃப் நிதி சேவைகள்ஒன்றுபட்டது மன்றம்நிதி சேவைகள்நிதி அமைச்சகம்நீதி ஆயோக்வங்கி ஆஃப் மகாராஷ்டிரா