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?
Benchmark indices gain 30% this year, buoyed by global liquidity, new government
The banking sector is set to move at a fast pace from hereon.
Experts hail 2014 as the worst year for banks.
Bull run in the markets is likely to continue for next 5 years, says Motilal Oswal MD.
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.
But experts say downside limited, pockets of opportunities for investors
It has so far managed to raise only Rs 1,700 crore (Rs 17 billion), by divesting a 5% stake in Steel Authority of India.
The market is abuzz about how the fabled investor got it wrong.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
RBI could opt for a 'deep cut' after winning inflation war, say experts.
A series of failed loan recast programmes continues to haunt banks.
Experts said equity raising was also hampered due to flight of capital from foreign investors. FIIs have sold more $500 million (Rs 3,200 crore) in October.
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.
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Government divestment reached record figures after the financial crisis, at the same time as promoters were required to bring down their stake in companies to 75 per cent or less.
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