TAG: DFS secy
FinMin reviews bankruptcy proceedings of Jaiprakash Associates, Arch Pharma Labs, other high-profile cases
The Finance Ministry has reviewed some high-profile cases pending for admission into the National Company Law Tribunal (NCLT). Among the companies discussed was Jaiprakash Associates, which have seen delays in admission under the Insolvency and Bankruptcy...
5 months ago
Bank of Maharashtra may meet 25% MPS norm in FY25: DFS Secy
The government may look at reducing its stake in the Bank of Maharashtra (BoM) in FY25 to comply with Minimum Public Shareholding (MPS) regulations, while the remaining four public sector banks will not be able to meet the norm in current fiscal, Departme...
2 months ago
Govt asks public insurers to move out of motor, health insurance to reduce losses: DFS Secy
The Union government has asked the public sector insurance companies, who are struggling to improve their solvency ratio and profits, to come out of motor and health insurance segments, which have been identified as significant loss-making areas. This dir...
2 months ago
Salary payments, PF contributions could determine credit line for MSMEs
In a significant move aimed at enhancing the accessibility of credit for MSMEs and individual home loan seekers, public sector banks (PSBs) are on track to finalise a novel credit assessment model based on digital footprints by October.This innovative app...
2 months ago