Sentences with phrase «sector banks»
"Sector banks" refers to a group of banks that specialize in serving a particular industry or sector of the economy, such as agriculture, manufacturing, or technology. These banks have experience and knowledge in that specific sector, allowing them to better understand and cater to the needs of businesses operating within that industry. Full definition
It is the same case with Public sector banks too.
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This benchmark is the first for an Indian private sector bank.
The Indian public sector banking system is also in urgent need of reforms to governance, management appointment processes, and decision making.
My senior citizen parents are covered under a group health insurance scheme from a public sector bank for Rs 5 lakh.
The bank has been known as the fastest growing private sector bank.
It avoids companies that have weak cash flow like public sector banks, construction projects and companies that generate less than Rs. 100 crore cash per annum.
The third largest private sector bank in India, Axis Bank offers a range of financial products and services to both resident Indian customers as well as the NRI and OCI population.
One can buy these bonds from State Bank of India, other nationalized banks and some private sector banks such as HDFC Bank and ICICI Bank.
M&A Deal of the Year: Other sector Bank of Singapore's acquisition of Barclays» Asia private banking business Allen & Gledhill
This private sector bank which has its branches spread across the south of India is helping thousands through its FD scheme.
Parekh called for a total overhaul of the public sector banks allowing the entry of right talent, prospective new investors and the Bankruptcy Code.
With public sector banks like SBI and Bank of Baroda announcing reduction in loan rates, this is a good time to check where you...
Life Insurance Corporation of India, the leading government - owned life insurer in India, is all set to buy additional stake worth Rs. 178 Crores of Oriental Bank of Commerce, a leading public - sector bank based out of Gurgaon, India.
Mr. Mulvaney, the congressman from South Carolina, said G.E. should have been able to get a line of credit from private - sector banks rather than the French government.
Having said that, most fund managers place their bets on private sector banks compared to PSUs.
They say much of the approximately $ 60bn the OECD says is at present being mobilised each year comes in the form of private sector bank loans, or has been diverted out of existing aid budgets.
This news comes on the back of finance minister Arun Jaitley announcing that the government would infuse an estimated Rs. 25,000 crores of capital in public sector banks during the 2016 - 2017 fiscal.
This policy of LIC to purchase shares of these banks has been ongoing for a period of about 4 years and is helping at least 9 public sector banks keep their share prices relatively stable in an environment where most investors are shying away from investing in public banks, which currently hold stressed loans of Rs. 8 lakhs crores.
Four new individual plans and three new group plans have been launched by IDBI Federal Life Insurance which is a joint - venture of development and commercial bank IDBI Bank, Ageas, a multinational insurance giant based out of Europe and private sector bank Federal Bank.
Bajaj Allianz is one of the leading players in Indian insurance industry while Dhanlaxmi is a private sector bank operating across Kerala, Karnataka, Tamil Nadu, Delhi, Gujarat, Maharashtra and West Bengal.
Finance ministry sends circular to chief executives of public sector banks asking them to become insurance brokers
Universal Sompo General Insurance Company Limited is a joint venture of two nationalized banks Indian Overseas Bank and Allahabad Bank, a private sector bank Karnataka Bank, FMCG Corp Dabur Investment Group and a leading General Insurance Company from Japan Sompo Nipponkoa Insurance Inc. formed as a General Insurance Company in partnership with public sector, headquartered in Mumbai... Read full review
Punjab National Bank is a private sector bank owned by the state government.
This South - based private sector bank aims to provide affordable insurance cover to its savings bank account holders based on the PMSBY scheme.
General Manager of a public sector bank also informed that no - frills account holders are coming for opening new accounts with any reasons.
Private sector banking FDI norms would be applicable for bank - promoted insurance companies.
Punjab Sind Bank is a government sector bank which has its headquarters in Delhi.
Federal Bank is a private sector bank headquartered in Aluva, Kochi, Kerala.
Private life insurer Bajaj Allianz Life Insurance and private sector bank Dhanlaxmi Bank have tied - up for the latter to become a corporate agent of the insurer.
Corporation Bank is another top - known India's public sector bank delivering the highest standards of banking products and services to its customers.
Digital Payments app Paytm and India's one of the biggest private sector bank ICICI Bank partnered together to offer an interest - free short - term digital credit...
Founded in August 1994, the HDFC Bank today is one of the leading private sector banks in India.
A number of public sector banks such as Punjab National Bank, Union Bank of India, Bank of India and some others have exclusive arrangement with insurance companies to sell their products and have entered contractual obligations to do so.
This would be an equity fund, not a public - sector bank as currently envisaged by the UK Labour Party.
Picking up the preferential shares, LIC has raised its stake in various public sector banks like Central Bank of India, Bank of Maharashtra and United Bank of India, during the present fiscal.
They have a strong foundation laid by the State Bank of India (SBI), the largest public sector bank in India.
Established in August 1994, HDFC Bank has grown to be one of the leading private sector banks in India.
However, the bailout is another blow to a country that has largely failed to develop trust in private - sector banks in nearly three decades since the collapse of Communism.
Public sector banks are likely to be more hesitant to lend money to these borrowers because chances of a turnaround for companies with high levels of debt seem unlikely, at least in the near term, according to Awtani.
In its FY17 union budget, the Indian government announced 250 billion rupees will be allocated toward the recapitalization of public sector banks.
The latest measures to reform India's public sector banks are merely «fine tuning» of some internal processes, said an analyst at Moody's.
Public sector banks have underperformed on the total priority sector target of 40 % since 2012.
Attention is now being focused on EURO zone leaders to take strong and credible action to strengthen the capital of private sector banks in Europe, ensure confidence in bank liquidity and interbank credit, and guarantee support for sovereigns» debt.
Furthermore, the higher debt stock is also vulnerable to potential crystallization of contingent liabilities arising from the public sector, which includes the recapitalization of weak public sector banks or state - owned enterprises.
Bank brings in former minister in the department of health as it works on significant tie - ups in the sector