Air India

Photo: News18

Air India To Be transferred To Tata Group On January 27

The disinvestment of national carrier, Air India will take place on January 27, a top official said on January 24. “The next three days will be hectic for our department and I request all of you to give your best in these last three four days before we get divested,'' informed director finance to employees. In 2021, Tata Group had won 100 % stake in the airline.

Mon, 24 Jan 2022 - 06:55 PM / by Shaloo Priya

Tags: India, Tata groups, Air India, Flights, Disinvestment

Courtesy: ANI News

Indian Overseas Bank

Photo: The Financial Express

Next In Line For Privatisation May Be Central Bank, IOB: Sources

The Centre may include the Central Bank of India and Indian Overseas Bank in the next round of privatisation, as per the government sources. Reportedly, the two banks have been suggested by the NITI Aayog, and they are being analysed by the disinvestment and financial services departments. The sources added that "the timeline [for the privatisation of state-run banks] will depend on the legislative changes required."

Mon, 07 Jun 2021 - 04:40 PM / by Nikita Thakur

Tags: business, Privatisation, Niti Aayog, Central Bank, Disinvestment, Indian overseas bank

Courtesy: The Times of India

Delhi Airport

Photo: Business Standard

Govt Plans To Divest Delhi, Mumbai, Bangalore, Hyderabad Airports

The Centre is planning to divest its shares in Delhi, Mumbai, Bangalore, and Hyderabad airports. Besides these, under the asset monetization pipeline, the government has planned to divest 13 more airports in 2020-21. The Civil Aviation Ministry will soon apply for the approval in this regard before the Cabinet. Earlier, Adani group acquired six airports in the first disinvestment round. The government is targetting Rs 1.75 lakh crore from… read-more

Sun, 14 Mar 2021 - 01:45 PM / by Nikita Thakur

Tags: Airports, Privatisation, business, Disinvestment

Bank Strike

Photo: The Indian Express

Bank Unions To Hold 2-Day Strike Against Privatisation From Mar 15

Opposing the privatisation of public banks, United Forum of Bank Unions has planned a two-day strike from March 15. The strike will supposedly hamper functioning of all major banks, including SBI, as "about 10 lakh bank employees and officers of the banks will participate in the strike". Alarmed by the government’s privatization strategy, the protest is against the Finance Minister's call to privatise two more banks in the Union Budget 2021… read-more

Sun, 14 Mar 2021 - 09:45 AM / by Nikita Thakur

Tags: Indian Banks, Bank Unions, Private Banks, Disinvestment

Courtesy: Livemint

Representational image

Photo: Telegraph India

IDBI Bank No More Under RBI's PCA Framework After Improving Finances

The Reserve Bank of India (RBI) on March 10 stated that private lender IDBI Bank has been removed from its prompt corrective action (PCA) framework after four years. Reportedly, the IDBI's removal resulted from the bank's refined financial and credit profile, especially in regulatory capital, net non-performing assets, and leverage ratio. Besides enabling amplification of business, the freshly granted immunity may facilitate strategic… read-more

Thu, 11 Mar 2021 - 01:00 PM / by Ashly Ann Varghese

Tags: RBI, IDBI, private bank, PCA, NPAs, Government, Disinvestment

Courtesy: Business Standard

Representational image

Photo: The Financial Express

Bank Unions Oppose Privatisation Of 2 PSBs, Call For 2 Day Strike

Opposing Centre’s decision to privatise two public sector banks, the United Forum of Bank Unions (UFBU) on February 9 called for a two-day strike starting from March 15. Reportedly, this year's Budget witnessed the FinMin stipulating the privatisation of two PSBs under its disinvestment strategy. Earlier, the Centre had privatised IDBI Bank and had merged 14 PSBs in four years. Calling the alterations regressive, UFBU has exhibited resentment… read-more

Tue, 09 Feb 2021 - 07:05 PM / by Ashly Ann Varghese

Tags: PUBLIC SECTOR BANKS, UFBU, Budget, Finance Minister, Disinvestment

Courtesy: The Hindu

Representational image

Photo: ET Realty

Government Plans To Sell 10 Airports In 3rd Round Of Privatisation

Civil Aviation Secretary Pradeep Singh Kharola on January 4 notified that in the third round of airport divestments, around ten airports will be privatised. Besides, the Airports Authority of India (AAI) is contemplating on selling loss-making airports along with few successful ones. The government also hinted of privatising about 20 to 25 airports in the upcoming days. Earlier, during the second round, the Centre had sanctioned the… read-more

Fri, 05 Feb 2021 - 02:05 AM / by Ashly Ann Varghese

Tags: Privatisation, Airport, AAI, civil aviation, Disinvestment