Roadmap for financial sector reforms to be unveiled post polls
The decision on financial sector reforms is in sync with the Viksit Bharat 2047 plan, which has two roadmaps
Source: livemint.com
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Public sector banks: More sinned against than sinners
Privatization of state-run banks needs extensive debate, given their critical role in meeting our social goals
Source: livemint.com
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 countryâs 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 con...
Source: swarajyamag.com