FinMin says no fresh funds for state-run banks in Budget

Financial Services Secretary G S Sandhu on Friday ruled out higher fund allocation in the forthcoming budget to recapitalise state-owned banks.   "Not in this budget. If there is any......

RBI in a fix over Nayak's appointment

UTI Bank will seek the approval of its shareholders this Friday, for appointing P J Nayak, the incumbent chairman and managing director, as the executive chairman for a two-year period beginning......

How best to restore India's toxic banks to health

The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues -- lax corporate governance practices and......

PSB reforms only on paper; 10 don't even have chairman

The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Illustration: Uttam Ghosh/Rediff.com......