Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 24, Wednesday 2018 12:59 PM       

       HEADLINES: Clash spreading in Malappuram, CPM office destroyed                                              CPM using SFI to carry out attacks: Chennithala                                              Malayalee fisherman who died at sea not given respect, protest in Pulluvila                                              SC to hear Kerala love jihad case, Jaideep Gupta to appear for govt                                              Freedom fighter Kottukal A Prabhakaran passes away                                              Father of arrested terrorist Qureshi cries foul                                              Triple Talaq- an excuse to target 'Shariat': Owaisi                                              Impeachment motion against CJI: Yechury discusses possibilities with other parties                                              Shiv Sena to contest 2019 LS polls alone                                              Modi invokes 'Vasudhaiva Kutumbakam' at WEF                                              25 students injured in Pak varsity clash                                              UN agency for Palestinians seeks funds after US cuts                                              Mallya extradition trial's next hearing date remains uncertain                                              Lawmakers back bill to reopen US govT                                              Trump signs funding bill, ends US govt shutdown                                              Blues take on Transport United in AFC Cup                                              Gaurika returns to action in second leg at Hero WPGT                                              Tendulkar gives pep talk to women's team ahead of SA series                                              Australian Open: Federer eases into quarters                                              IPL 2018 to begin from April 6                                              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
Petrol, diesel prices jump: Oil Ministry seeks excise duty cuts  
In a first, Sensex breaches 36,000-mark  
India fifth most attractive market for investments: PwC survey  
Davos: Modi chairs round-table meeting with top CEOs  
India's growing rich-poor divide: Richest 1% gross 73% wealth in 2017  
Increase tax exemption limit to Rs. 3 lakh: SBI report  
India Inc. upbeat about PM Modi at WEF  
Mobycy's dockless bicycling sensation scales heights; completes 7,230 rides  
AirAsia India hires Sunmuga Kanaratnam as Head of Engineering  
Sensex hit fresh record high of 35,614, Nifty holds 10,900  
Maha govt mulling to start online lottery system  
Chidambaram hits out at 'anti-consumer' Centre over fuel prices  
Patanjali's Yog Acharyas to conduct Yoga sessions at World Economic Forum  
Mauritius largest source of FDI in India: RBI  
Exports rise over 12% due to engineering goods, petro products  
Budget 2018: ASSOCHAM seeks higher outlay for education  
Rise in demand for Yoga accessories from abroad: Expert  
Nine more cities added to Smart City Mission, total now 99  
Gold retailers hopeful of tax relief ahead of Budget  
GST Council discusses making return filing process simpler  
Banks fuel markets Bull Run; Sensex, Nifty hit new peaks  
Netanyahu meets biz leaders over power breakfast  
Budget 2018: Hardware dealers suggest simplification of filing GST returns  
SBI to raise Rs 20,000 cr for affordable housing, infra  
Rupee rebounds 16 paise to 63.88 a dollar  
 
Will Wednesday's Motor strike be of any help to public?
yes
 
no
 
don't know
 
 
 
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