Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
October 23, Monday 2017 2:33 AM       

       HEADLINES: Sangh Parivar will divide India using Taj Mahal as weapon: Thomas Isaac                                              Notice sent to Dileep seeking explanation on security agency                                              Lake encroachment: Collector’s report is against Thomas Chandy                                              Expel Thomas Chandy from cabinet, says Chennithala                                              I’ve not seen the report, says Revenue Minister                                              Zakir Naik to be chargesheeted by NIA                                              Opp. parties have no 'authority' to question EC: Modi                                              Modi Govt. is 'a government of excuses': Congress                                              Rajini says 'Mersal' has addressed important issue                                              Anti-terror squad kills eight suspects in Karachi                                              Zardari accuses Sharif brothers of planning his murder twice                                              Swaraj meets B'desh PM discusses Rohingya crisis                                              Third gold for Anumol                                              School sports meet: Thangjam Singh strikes triple                                              Kohli smashes 31st ODI ton, surpasses Ponting's record                                              Srikanth blows away Lee to win Denmark Open                                              Kaumudi Facebook
       BUSINESS Next Article: Sensex, Nifty log gains, break 2-day slide  
       No proposal for consolidation of PSBs: Govt
 
         Posted on :17:55:49 Aug 4, 2017
   
A A
       Last edited on:17:55:49 Aug 4, 2017
         Tags: No proposal for consolidation of PSBs: Govt
 
NEW DELHI: The government today said there is no proposal for consolidation of public sector banks (PSBs) at present.
 
"There is no such proposal under the consideration of the government for consolidation of PSBs at present," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.
 
The government had in February approved the merger of five associate banks with SBI. In March, the Cabinet approved the merger of Bharatiya Mahila Bank (BMB) and SBI as well.
 
Five associates, State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides BMB became part of SBI from April 1.
 
SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State Bank of Indore was merged with it.
 
Gangwar, in another reply, said SBI has informed that there is no plan to launch Voluntary Retirement Scheme (VRS) in the bank.
 
SBI also said that no employees have been laid off on account of merger, he said.
 
However, he said, VRS was offered by the erstwhile associate banks of SBI to their employees and officers before the merger and 3,569 staff opted for it.
 
Replying to another question, Gangwar said RBI has informed that there is no proposal under consideration of levying parking surcharge on deposits.
 
In reply to another question, Gangwar said, LIC has invested Rs 1.84 lakh crore in government securities, Rs 29,152 crore in equity shares and Rs 27,482 crore in debt other than government securities during the nine months ended December 31, 2016.
 
LIC had booked a profit of Rs 13,927.59 crore in the nine months ended December 2016 as compared to Rs 11,108.72 crore in the same period a year ago.
 
In a separate reply, Gangwar said, over 8.56 crore loans have been sanctioned across all age groups under Pradhan Mantri Mudra Yojana (PMMY) as on July 28.
A A
       BUSINESS
Next Article: Sensex, Nifty log gains, break 2-day slide
 
 
BUSINESS HEADLINES
Some rejig in GST rate structure required: Adhia  
Essar completes construction of Ro-Ro terminals in Gujarat  
Now, Air India looks for Rs 1,500 crore short term loans  
Govt incentivises online purchase, payment of Gold Bonds  
Modi praises IFFCO's efforts in farmers upliftment  
UAE Exchange India won Indcom Award 2017 for Best Digital Media Campaign  
Bajaj Finserv slashes personal loan interest rate to 11.99%  
AI looks for Rs. 1,500 crore short term loans  
Paytm reports Mega-Dhanteras sale  
Reliance Jio hikes 84-day plan to Rs. 459  
US dollar ends higher against rupee  
Gold worth inr 120cr transacted within 6 months: Paytm  
Commodities worth over Rs 120 cr procured at MSP in R'sthan  
Nifty hits fresh high; Sensex slips from record  
Sensex, Nifty retreats from record on profit booking  
Reliance Retail to be biggest threat to Amazon, Flipkart: Pai  
India undergoing 'exciting digital transformation: IMF  
Sensex hits new peak of 32,687.32; Nifty at 10,242.45 pts  
Digital India to contribute 30pct to India's GDP by 2025  
Bring real estate under GST: Sisodia writes to Jaitley  
IMF favors three structural reforms in India  
India must go for pollution-free methanol as fuel: Gadkari  
Indian Railways to start cheaper, faster Rajdhani between Delhi-Mumbai  
Help young entrepreneurs to set up startups: AP IT Minister Lokesh to officials  
Madhya Pradesh slashes VAT on petrol by 3%, diesel by 5%  
 
Should Kummanam apologise to Kerala as remarked by the CM?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy