12th Bipartite Settlement News

NITI Aayog has released the list of Government bank which would be protected from the ongoing PSB Privatization. This list includes all the big six Punjab National Bank, Union Bank, Canara Bank, State Bank of India, Indian Bank and Bank of Baroda. Thi…

PSB Privatisation Bill - Government Will Exit From Public Sector Bank Completely & fully Privatizing Public Sector Banks with the amendment in existing law that will allow the Central Government a complete exit from banks and fully privatizing PS…

The major highlights of the Budget 2022 as far as important for the bank employees was no mention on promises of privatisation of public sector banks announced in the last budget. While the Niti Aayog made recommendations to privatize banks like Cent…

Curently privatization of Public Sector bank is the burning topic as far as the current economy is concerned. There are lot of discussion going on regarding the right time for privatization of Public Sector Banks in India.  It is being said that Publ…

After a long waiting, the government has hinted to privatize Public Sector Central Bank of India and Indian Overseas Bank. The Centre has shortlisted Central Bank of India (CBI) and Indian Overseas Bank (IOB) for divestment, CNBC Awaaz has reported. …

Finally the countdown has begun for the Privatization of Public Sector Banks in India. The NITI Aayog has submitted the names of two public sector banks (PSBs) along with the name of public sector general insurer, which can be sold off under the gover…

After a lot of customer complaints about merger of the public sector banks in India, the Reserve Bank of India (RBI) has decided to conduct a customer satisfaction survey to find out the impact of the recent mergers of state-owned banks on banking ser…

Government is planning to bring an amendment in the monsoon session of parliament for relaxing the banking regulation act.  Government is planning for amending all the relevant laws at once, so that the process of PSB privatization is not hindered by …

The Public Sector Banks Privatization process has been started since 14th April and representatives from the four PSBs are called for discussion along with DFS on 22nd April.  Lok sabha secretariat has issued the date of discussion on 22nd April 2021.…

AIBEA Secretary C H Venkatachalam told that he wasn't too optimistic about the proposed strike and reversal of government decision on Bank Privatization .  “Since the government is clear on their privatisation policy, I do not expect any positive …

Bank Privatization and strike updates -  A meeting between bank employee unions and senior finance ministry officials to discuss the government's plan to privatize public sector banks failed. Unhappy over the privatization move, the All India Ban…

PSB Privatization - First time after the bank nationalization, the government has finally decided to kick off the privatization of public sector banks (PSBs). The government owns more than a 70 percent stake in these banks. The goal of privatization …

Post announcement of privatization of two public sector banks in the budget 2021, the name of the proposed banks are not yet announced. There are lot of guessing going around on Social Media and  experts have their own take on the subject, still there…

Lot of discussion is going on about Government stake sale in Public Sector Banks in India. It is almost certain that government is going to privatize few banks and reducing its stake to 51% in few of largest banks in India.  Announcement may be made i…