Tag: sector

PSB merger ‘a hidden agenda to deprive Bengal’s banking sector’

West Bengal Chief Minister urges PM to do a re-think on the proposed merger of two Kolkata banks with PNB and Indian Bank Taking exception to the Centre’s big-bang public sector bank merger plan, West Bengal Chief Minister Mamata Banerjee has written to Prime Minister Narendra Modi, seeking a re-think of the proposed merger of

India’s invitation to Huawei for 5G trials sparks concerns: Insufficient security safeguards plague telecom sector

India’s invitation to Chinese telecom giant Huawei Technologies—a company banned in the US, which has termed it a cybersecurity threat, and from building 5G networks in Australia and New Zealand—to participate in 5G trials has aroused some concern in security and technology establishments. The move comes eight years after India’s home ministry raised concerns that

Public sector banks plan to close, rationalise 69 foreign branches

Public sector banks are in the process of closing or rationalising about 69 overseas operations in the next few months as part of their capital conservation exercise. Planned rationalisation of operations and examination of a total of 216 overseas operations of the public sector banks (PSBs) was undertaken last year, sources said. Following the review,