Tag: government

Govt moves to appoint heads of BoI, BoB, PNB and Canara Bank

Source: livemint.com The government has initiated the process of filling up upcoming vacancies in the top management of large public sector banks (PSBs), unlike last year when several top banks remained headless for months. The Banks Board Bureau (BBB) has invited applications for the post of managing director (MD) and chief executive officer (CEO) in four leading

Govt not keen on PSU banks seeking capital from LIC

Source: Cogencis.com NEW DELHI –  The government is not in favour of state-owned banks approaching domestic institutional investors such as Life Insurance Corp of India for equity capital infusion, a senior finance ministry official said. Last week, UCO Bank said it had approached LIC for investment in its equity share capital to increase public shareholding