The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The meeting will be attended by all heads and EDs of public sector banks
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2014 made a lot of promises; can the new year deliver?
The banking sector is set to move at a fast pace from hereon.
In 2015-16, reforms will take hold, growth in GDP, will accelerate, and government processes and statutory clearances will speed up
Experts hail 2014 as the worst year for banks.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
Any government aid to the airline will ultimately hurt the economy
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
If credit is not going to flow in response to a policy rate cut, while inflationary pressures, as well as expectations, may be stoked, a rate cut may not be appropriate at this point
RBI could opt for a 'deep cut' after winning inflation war, say experts.
A series of failed loan recast programmes continues to haunt banks.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
With the marathon season around the corner, even couch potatoes can train for shorter runs at the Delhi Half Marathon in November
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
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