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PM-CARES: Mamata Banerjee criticises Centre for saying fund not public authority

PM-CARES: Mamata Banerjee criticises Centre for saying fund not public authority
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Privatization-Bound PSBs To Roll Out VRS Initiative To Clear Out Deadwood From Their Ranks: Report

Prime Minister Narendra Modi with Finance Minister Nirmala Sitharaman. State-run banks that are set to be privatised this fiscal year are likely to come out with an alluring voluntary retirement scheme (VRS) for interested employees. This new initiative is slated to make banks attractive to buyers which could be taken over by the private sector enterprises that are eager to get into the country’s banking sector. VRS, a mechanism through which employees are provided an opportunity to take early retirement along with a good financial package, has also been previously put to use for the consolidation purposes of certain public-sector banks (PSBs),

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