New Delhi: The Cabinet on Wednesday approved the purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turn around the loss making government-owned IDBI Bank struggling[Read More…]
Tag: Finance Minister Piyush Goyal
India has not lived up to high banking standards: Piyush Goyal
Mumbai: India has not lived up to the high expectations and standards required of the banking system and the current trying times had finally forced a recognition of the non-performing assets (NPA), or bad loans, situation and the need for a move to resolve the problem, acting Finance Minister Piyush[Read More…]