Finance Minister Nirmala Sitharaman meets heads of PSBs, reviews financial performance

Finance Minister Nirmala Sitharaman meets heads of PSBs, reviews financial performance

New Delhi, Finance Minister Nirmala Sitharaman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said. Issues related to fraud and wilful defaulters and progress on the National Asset Reconstruction … Read more

Banks differ with SBI on inter-creditor pact for lending to companies battling the pandemic

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Mumbai: Banks are struggling to create a common pact for lending to companies that will need funds to grow, rejig their loans, and battle the slowdown wrecked by the Covid-19 pandemic. Large private and foreign banks have voiced their reservations against the State Bank of India’s (SBI) proposal to frame an omnibus inter-creditor agreement (ICA) … Read more