Page 9 - Development Na News Today

It is to be noted that the bad loan problem in the banking sector is largely because of high exposure of banks towards infrastructure which was facing problems on several counts.

The government is likely to have full ownership of the DFI to start with but over time may offer up to 74% stake to domestic and foreign financial institutions, multilateral lenders and sovereign wealth funds.

Prepared to handle any responsibility given by govt: IIFCL MD New Delhi, Feb 28: Amid the proposed formation of DFI, India Infrastructure Finance Company Limited managing director PR Jaishankar has said the company is prepared to handle any responsibility given by the government. The Union Budget 2021-22 presented in Parliament earlier this month proposed to set up a Development Finance Institution (DFI) with an initial capital of Rs 20,000 crore to fund the Rs 111 lakh crore ambitious National...

Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation

India Business News: To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would

Centre to amend two legislations on privatisation of PSU banks These Acts led to the nationalisation of banks in two phases and provisions of these laws have to be changed for the privatisation of banks, they said PTI | February 16, 2021 | Updated 14:45 IST As the government has already announced the list of legislative business for the Budget session, it is expected that these amendments may be introduced in the Monsoon session or later during the year, sources added To facilitate the privati...

Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said.

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Unde

Privatisation of PSU banks: Govt to bring amendments to two legislations Public sector banks accounted for ₹7.77 trillion of the total gross NPAs of the banking sector. Photo: Hemant Mishra/MintPremium 2 min read . Updated: 16 Feb 2021, 02:03 PM IST PTI Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks Share Via Read Full Story To facilitate the privatisation of public sector banks, the government ...

IIFCL may be subsumed into new DFI: DFS Secretary SECTIONS Last Updated: Feb 03, 2021, 07:47 AM IST Share Synopsis Department of Financial Services secretary Debashish Panda said the proposed DFI would come under the regulatory supervision of the Reserve Bank of India and gradually the government’s stake in the company would be brought down to 26%. About 7,000 projects have been identified under the NIP with projected investment of a whopping Rs 111 lakh crore during 2020-25. NEW DELHI: India...