Their role in welfarism is the reason why governments own certain banks also known as Public Sector Banks (PSBs). In India, these banks had become the epitome of everything wrong with ...
Throughout the last few decades, Public Sector Banks have proven to be one of the toughest institutions to breathe enthusiasm into. Neither the top management nor people at the bottom of ...
The government of India is moving forward with the privatisation of Public Sector Banks (PSBs) starting with IDBI bank. According to a Business Standard report, the government will be in direct ...
In a step that would further lead to privatization and efficiency of the banking sector, the government has allowed all private banks to participate in its businesses. Given the fact that the ...
Recently, Union Finance Minister Nirmala Sitharaman had announced that non-strategic Public Sector Undertakings (PSUs) will be privatised, and the role of the PSUs will be restricted to the strategic sectors. Even ...
Anil Ambai, the scion of one of the richest families in Asia and brother of Mukesh Ambani, has been summoned by the Enforcement Directorate, along with Subhash Chandra of the Zee ...
The Indian banking sector is in deep mess. Despite the best efforts of the government, the banking in the country, dominated by public sector, improved only little. Insolvency and Bankruptcy Code ...
India had ‘socialism without entry’ before economic liberalization in the early 1990s. This had a negative impact on the economy and gave the ‘Hindu rate of growth’ to the country. The ...
Central Public Sector Enterprises (CPSEs) have a very influential presence in the Indian economy today, almost three decades after economic liberalization. A CPSE is any company in which the central government ...
Finance Ministry has told the CEOs of public sector banks in no uncertain terms that they would face penal action if not able to check frauds in Non Performing Assets (NPA) ...
According to the former chief economic advisor, Arvind Subramanian the Non-performing Assets (NPAs) are the most critical economic problem faced by the country. In his twin balance sheet analysis, he made ...
In Bangladesh, the spree of violent attacks and religious persecution of Hindus intensified on 5th August, this year following the violent ouster of elected PM Sheikh Hasina. Even after 50 odd ...
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