Tag: Public Sector Banks

Finance Ministry may increase numbers of Chief General Managers in Public Sector Banks says a report

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Finance Ministry may increase numbers of Chief General Managers in Public Sector Banks says a report

Public Sector Banks: The Central Government has started seriously considering increasing the post of Chief General Manager (CGM) in public sector banks. This proposal is being seriously considered in view of the increasing business and profit of public sector banks in the country. At present, in public sector banks there is one Chief General Manager for every 4 General Manager posts. These guidelines were issued in 2019. Now the government is realizing that this is inadequate in view of the increasing performance of the banks. It has become necessary to…

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Finance Minister Nirmala Sitharaman reviews performance of Public Sector Banks asks for deposit Mobilization

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Finance Minister Nirmala Sitharaman reviews performance of Public Sector Banks asks for deposit Mobilization

Public Sector Banks: Finance Minister Nirmala Sitharaman held a review meeting with senior officials of public sector banks on Monday. In this, the Finance Minister discussed with the banks on many issues like increasing deposits in banks, digital payment, cyber security, credit products and schemes. The Finance Minister instructed all government banks to focus on customer service and pay special attention to customers from rural and semi-urban areas. Nirmala Sitharaman said that cooperation should be increased between banks, government, regulators and security agencies regarding fraud and cyber security. Banks should…

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