Page 5 - Devendra Pant News Today

Net direct tax receipts rise 5% Updated: Updated: FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’ Share Article FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’ India’s net direct tax collections for the pandemic-hit financial year 2020-21 grew by almost 5% year-on-year to ₹9.45 lakh crore, exceeding the revised estimates of ₹9.05 lakh crore presented in the Union Budget and reflecting a gradual economic reco...

The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India.

Updated Feb 16, 2021 | 13:14 IST Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India have been shortlisted for privatisation, as per Reuters BoM, BoI, IOB, Central Bank shortlisted for privatisation: Report &nbsp | &nbspPhoto Credit:&nbspBCCL Indias government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. Privatisati...

The government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said.

India's government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said.

Bank of India, three other public sector banks shortlisted for privatisation The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India, two officials told Reuters on condition of anonymity as the matter is not yet public Reuters | February 15, 2021 | Updated 17:42 IST The government is considering mid-sized to small banks for its first round of privatisation to test the waters Indias government has shortlisted four mid-sized stat...

Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, the officials said. The shortlist has not previously been reported. The government, however, will continue to hold a majority stake in India`s largest lender State Bank of India, which is seen as a `strategic bank` for implementing initiatives such as expanding rural credit.

Modis office initially wanted four banks to be put up for sale in the coming fiscal year, but officials have advised caution fearing resistance from unions representing the employees

The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India, two officials told Reuters on condition of anonymity as the matter is not yet public.

By Manoj Kumar, Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) - India's government has shortlisted four mid-sized state-run banks for privatis...