public sector banks

Divest governance of PSBs from govt, says former RBI deputy governor NS Vishwanathan

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Divest governance of PSBs from govt, says former RBI deputy governor NS Vishwanathan

Privatisation is a bigger political decision and not an economic one alone, Vishwanathan said, adding that a bank holding company needs to be created first. (Representational image) Former Reserve Bank deputy governor N S Vishwanathan on Tuesday said there is a need to separate governance of state-run banks from the government and pitched for doing … Read more

Govt eases credit guarantee scheme norms to ensure more liquidity for stressed NBFCs/HFCs

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Govt eases credit guarantee scheme norms to ensure more liquidity for stressed NBFCs/HFCs

The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore. With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed norms for Partial Credit Guarantee Scheme (PCGS) for … Read more