RBI holds conference for directors on boards of Public Sector Banks
The Reserve Bank of India held a conference for the directors on the Boards of Public Sector Banks. The conference was held in New Delhi on Monday.
The Reserve Bank of India held a conference for the directors on the Boards of Public Sector Banks. The conference was held in New Delhi on Monday.
The scheme enrolled more than 1.19 crore new subscribers in 2022-23 as compared to 99 lakh in the last financial year, depicting a growth of more than 20 per cent.
Nirmala Sitharaman emphasised preparedness along with due diligence through adherence to the regulatory framework by focusing on risk management, and diversification of deposits and assets base.
Amid the failure of banks in the US and the liquidity crisis being faced by Credit Suisse, Finance Minister Nirmala Sitharaman is expected to meet chiefs of public sector banks on March 25.
Since, FM presented the Budget on February 1, there has been no business in Parliament because of the continued logjam over the Adani issue.
The party pointed out that the Modi government forced to halt reckless PSU sale in the last 2 months alone, the government has been forced to halt its privatisation spree.
Sitharaman also conveyed to the bankers to continue supporting agriculture sector, farmers, retail sector and MSMEs.
Referring to TMB's deposit base of Rs 41,000 crore and advance portfolio of Rs 32,000 crore, Sitharaman said: "If that is the rapidity with which you are using the money to make more businesses work, it is possible to be more efficient if you adopt complete technology related solutions."
The brokerage firm preferred SBI and other large private banks to play a major role in corporate recovery cycle.
Even the much-hyped IBC’s recovery track record is not that impressive which should cause a great deal of concern considering the reform agenda behind its coming into existence. One big question bothers a lot: where are we heading with an average hair cut of 70 to 75 per cent? Things are no better with the advent of forensic audits since auditors are made to deal with lack of cooperation from parties and banks
