Finance Minister Nirmala Sitharaman addresses her second press briefing on Friday amid expectations that government would announce more steps to accelerate the sluggish economic growth.
LIVE UPDATES:
04:57 PM | Bank of India, Central bank of India will have national presence: FM
We shall continue with two banks which will have national presence – Bank of India with Rs 9.3 lakh crore of business size and Central Bank with Rs 4.68 lakh crore of business size: Sitharaman
04:47 PM | ‘Indian Bank, Alahabad Bank to be merged’: FM
‘Indian Bank to be merged with Alahabad Bank. This will become the seventh largest bank in India, says FM.
04:45 PM | Union Bank, Andhra Bank, Corporation Bank to be merged: FM
Union Bank, Andhra Bank, Corporation Bank to be merged, says Niramala Sitharam.
04:42 PM | Canara bank and Syndicate Bank are to be merged: FM
04:38 PM | 3.38 lakh shell companies shut: Nirmala Sitharaman
04:35 PM | PNB, OBC and United Bank to be merged: Nirmala Sitharaman
Punjab National Bank, Oriental bank of Commerce, United bank to be merged
04:30 PM | ‘14 out of 18 public sector banks earning profit’: Nirmala Sitharaman
“This financial year, 14 public sector banks are in a profit earning situation out of 18,” says Nirmala Sitharaman.
04:30 PM | Government is taking steps to make country $5 trillion economy
04:27 PM | 4 NBFCs are reaching out to public sector banks
“After my previous announcement, 4 NBFCs are reaching out to public sector banks to provide the liquidity that they require,” said Nirmala Sitharaman.
04:20 PM | Financial sector, banks are the focus
Financial sector and banks are the focus of today’s announcements, says Sitharaman
04:15 PM | FM Nirmala Sitharaman briefs media
Finance Minister Nirmala Sitharaman begins her address to media.
