IOB integrates with TN govt’s IFHRMS

The public sector Indian Overseas Bank (IOB) is now integrated with Tamilnadu government’s Integrated Finance Human Resource Management System (IFHRMS) portal designed for collection of all treasury receipts. Continue Reading

Govt infuses Rs 14,500 cr capital into four public sector banks

The government has infused Rs 14,500 crore, mainly into banks that are under the RBI’s prompt corrective action framework to improve their financial health. Continue Reading

‘Four mid-size banks identified for potential privatisation’

The Central government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. Continue Reading

Allahabad Bank gets fresh capital of Rs 2,153 crores

The Department of Financial Services in a letter conveyed the sanction for release of the fresh capital infusion fund of Rs 2,153 crore, Allahabad Bank said in a regulatory filing. Continue Reading

Government holds meet on issues related to sugar industry

A meeting on ‘Issues relating to Sugar Industry and Cane Growers of Tamilnadu’ was convened by DFS, Ministry of Finance recently here in the city. The meeting was chaired by Additional Secretary, Banking, DFS, Pankaj Jain. Continue Reading