The government will inject nearly Rs.88,000 crore into public sector banks by issuing recapitalization bonds and budgetary support this fiscal year, as part of its...
Oil and Natural Gas Corp (ONGC) has received government approval for selling its stake in IOC and GAIL, to fund HPCL acquisition worth Rs.36,915 crore. Currently,...
The Reserve Bank of India (RBI) is likely to provide extra dividend to the government for the ongoing financial year. The Center has requested an additional dividend...
The government has lowered interest rates on small saving schemes, including NSC and PPF by 0.2% point for the Jan-March period from the rates applicable...
Government is in the process of lowering its stake in public sector banks (PSBs) below 75%, for complying with SEBI’s norm of minimum public shareholding...
The government has provided its approval for the second tranche of capital infusion in public sector banks for enhancing their capital base. Dena Bank has...