‘Privatise select PSU banks’

Wind down Department of Financial Services, says Rajan Former RBI Governor Raghuram Rajan on Monday suggested that the government should privatise select public sector banks, set up a bad bank to deal with NPAs and dilute the Department of Financial Services’ role. The reforms are necessary to ensure growth of […]

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‘Aim to regain traders’ bank tag’

Keen on commercial loans below ₹25 crore, says KVB MD The 104-year-old private sector lender Karur Vysya Bank Ltd., popularly known as a trader’s bank, plans to regain its right to the appellation by foraying aggressively into metal loans and co-lending. Current account and savings bank accounts will be major […]

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Coronavirus | IRDAI panel pushes for pandemic risk pool

Moots govt. backstop of ₹75,000 crore A working group of insurance regulator IRDAI has recommended setting up of an Indian Pandemic Risk Pool with public-private-government participation to provide coverage for losses resulting from pandemics like COVID-19 in future. Supporting formation of Indian Pandemic Risk Pool, it said the quantum of […]

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