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proof of concept: govt should consider a test case for bank privatisation




the state-controlled section of india’s banking sector continues to be a major problem for policy makers. not only is its slow credit growth delaying the revival in private sector investment, which is crucial for the economy’s return to a higher growth trajectory, but also recent revelations abo...



govt puts rest to speculation on fdi hike in psbs, privatisation




putting to rest speculations on raising fdi limit in public sector banks, economic affairs secretary subhash chandra garg said there is no such proposal and also ruled out their privatisation. "there is no such proposal for relaxing fdi limit (in public sector banks)," garg told pti in an interview....



jaitley rules out privatisation of public sector banks




finance minister arun jaitley ruled out privatisation of public sector banks as a response to the rs 11,400-crore fraud hitting punjab national bank, saying the move may not be politically acceptable.speaking at an event, he said a lot of people have started talking of privatisation in the aftermath...



arun jaitley rules out privatisation of public sector banks




finance minister arun jaitley on saturday ruled out privatisation of public sector banks as a response to the rs 11,400-crore fraud hitting punjab national bank, saying the move may not be politically acceptable. speaking at the economic times’ global business summit, he said a lot of people have ...



panagariya makes a strong case for privatisation of psbs, excluding sbi




former niti aayog vice chairman arvind panagariya has made a strong case for privatisation of public sector banks with the exception of sbi, saying that political parties serious of forming government in 2019 should include the proposal in their manifesto. panagariya, who is currently a professor of...



psu banks' privatisation not answer, empower bank boards: industry




privatisation of public sector banks is not the answer to address the current problems in the sector, according to some industry figures, who say psbs need empowered boards with freedom to operate efficiently in an environment free from political interference. former chief financial officer of infos...



air india's privatisation will have to be backed by hefty 'dowry' to buyer




after cracking caste math, farmers' class unity is new test for modi govtbusiness standardessentially, govt is paying the buyer a huge cash incentive to take a white elephant off its handsr jagannathan  june 13, 2017 last updated at 13:15 isthttp://mybs.in/2uwurnx



time ripe for holding co for psbs to fix fund-crunch, fraud mess: mundra




it is the right time to consider a holding company for indian public sector banks to manage the country's fraud-hit and cash-strapped financial industry, former rbi deputy governor s s mundra said. mundra, however, said that conditions were not right for privatisation of state-run lenders due to the...



govt-as-investor in public sector banks




everybody’s favourite topic these days is the need to privatise public sector banks (psbs), especially after the scam at punjab national bank (pnb). will the government listen to the chorus? it did not in the past, and is unlikely to do so now, with an election year approaching fast. the need for ...



pnb fraud: privatise more psbs, toughen rules, says arvind subramanian




chief economic advisor to the government of india, arvind subramanian, has called for increasing privatisation of public sector banks and implementing stricter banking rules. his views come in the backdrop of recent developments in a few psbs. while punjab national bank detected fraudulent transacti...



politicians in delhi solely responsible for the psb mess: ex-sebi chief




"telephone calls from delhi to bombay, over the years, have been at the root of the problem of the public sector banks. people in bombay have been unquestionably responding to the direction from delhi," damodaran said told the students of the rbi-run national institute of bank management here today ...



pnb fraud: privatise more psbs, toughen rules, says arvind subramanian




chief economic advisor to the government of india, arvind subramanian, has called for increasing privatisation of public sector banks and implementing stricter banking rules. his views come in the backdrop of recent developments in a few psbs. while punjab national bank detected fraudulent transacti...



lariat upgrade will test dune design




in particle physics, the difference of a millimeter or two can make or break the experiment. in march, the lariat experiment began a proof-of-concept test to make sure the planned deep underground neutrino experiment (dune) will work well with that 2-millimeter difference.



nobel laureate muhammad yunus not in favour of psbs' privatisation in india




nobel peace prize-winning economist muhammad yunus has said that he is not in favour of privatisation of public sector banks (psbs) as private banks have not shown any 'exceptional performance' in many countries. several experts, including chief economic advisor arvind subramanian and former niti aa...



india does not need too many govt banks; consolidation the right move




trending on bs you are here: home » finance » news » bankshave a locker at a psu bank? you're on your own in case of theft, rbi says



verizon plans to test 4k tv for its fios customers




verizon has been relatively late to 4k tv (its competitors hopped aboard a while back), but it's at least making up for lost time. the carrier and its partner ses have confirmed that they'll soon test 4k delivery to fios tv customers. there's no mention of when this dry run will begin (an iptv launc...



tsa begins testing fingerprint check-ins at two us airports




your biometric info will serve as both proof of identification and boarding pass, so it can, in theory, lead to shorter lines and much speedier check-in. for the proof-of-concept test, though, participants still have to show their identification documents, boarding passes and tickets, since its purp...



uc san diego engineers create glucose monitoring phone case




there has been a big push to get smartphones to record health data over the last few years. engineers at the university of california san diego have developed a new smartphone case that is able to check blood glucose levels for diabetics at home or on the go. the device is called gphone.the engineer...



elon musk talks proof-of-concept tunnel parallel to the 405 in los angeles




enlarge/ elon musk speaking to a crowd in los angelesshare this storyon thursday evening in los angeles, tesla, spacex, and boring company ceo elon musk laid out plans for the boring company to start building longer tunnels under the city. the first step? a 2.7 mile north-south test tunnel parallel ...



govt seeks special dividend from rbi for bank recapitalisation




“it remains to be seen whether the central bank will have room for a special dividend,” the official said. the official quoted above said the matter, which was separate from the centre’s request for a special dividend, was still being pursued. in october, the government announced the capital i...



greece's top 4 banks may lose €15.5 bn in stressed economic scenario: ecb




greece's four biggest banks would lose around 15.5 billion euros worth of their capital by 2020, or 9 percentage points of capital under an adverse economic scenario, results of a stress test published by the european central bank showed on saturday. the health check, aimed at uncovering any capital...



cybersecurity firm claims to trick face id with elaborate mask




bkav posted a video on youtube to show how the firm accomplished the feat. the task required $150 in materials, but more importantly the subject’s full cooperation to take detailed 3-d facial scans. it also required many hours from artists to construct the mask.so while the company claims that the...



elon musk talks proof-of-concept tunnel parallel to the 405 in los angeles




enlarge/ elon musk speaking to a crowd in los angelesshare this storyon thursday evening in los angeles, tesla, spacex, and boring company ceo elon musk laid out plans for the boring company to start building longer tunnels under the city. the first step? a 2.7 mile north-south test tunnel parallel ...



one mn bank staff to go on strike on august 22 over privatisation, mergers




t e narasimhan  |  chennai  august 8, 2017 last updated at 02:10 ist



punjab national bank eyes 11% growth in total business to rs 12 trillion




punjab national bank (pnb) on tuesday said it is eyeing an 11 per cent growth in its total business to rs 12 trillion in the current fiscal year, despite being hit by a rs 140 billion fraud four months ago. “the guidance from pnb leadership for financial year 2018-19 is total business of rs 12 tri...