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"HAPPY BIRTHDAY"

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Happy Birthday-13th OCTOBER 2017(FRIDAY)
"HAPPY BIRTHDAY-13TH OCTOBER 2017(FRIDAY) JASWINDER PAL SINGH SENIOR SPL ASSISTANT DON KALAN Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Om Parkash Sikri DEPUTY MANAGER ISMAILA BALDEV RAJ Addl. Associate 1 HANSLI BRIDGE, BATALA Ramesh Kumar SR. ASST. (BANKING) SME BRANCH, CHANDIGARH VEENA PACHPORE Addl. Associate 1 SEC 35-C, CHANDIGARH Ashok Kumar Goyal DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING Kuldeep Kumar Sharma DEPUTY MANAGER ZONAL OFFICE JAMMU Jaswinder Singh SENIOR SPL ASSISTANT TRIPRI PATIALA Dalbir Singh SR. ASST. (BANKING) UDHAMPUR Ambika Chugh ASSISTANT MANAGER AMBALA CITY Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Parveen Kumar Sharma ASST. GEN. MANAGER NRI JULLUNDER HEM SINGH Addl. Associate 1 KASAULI MANJINDER SINGH RANDHAWA ASSISTANT MANAGER ANAJ MANDI, SIRHIND MANDI ASHUTOSH JAIN Addl. Associate 1 ADB MALERKOTLA DEEP CHAND MANAGER LOHAKA Raj Kumar Bhagat DEPUTY MANAGER BHOGPUR SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD MUNISH BALI Addl. Associate 1 BANKING OPERATIONS DEPARTMENT-HEAD OFFICE PATIALA Nitin Soni DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING SANJEEV BHATIA ASSISTANT MANAGER BEESLA Sudhir Kumar DEPUTY MANAGER REWARI Gurupdesh Kaur CUST. ASST. (BANKING) ROPAR PAYAL MEHTA Addl. Associate 1 GHUMAR MANDI, LUDHIANA AMIT RAJ DEPUTY MANAGER HO PATIALA -OUTREACH/FINACIAL INCLUSION DEPTT Nitin Sharma DEPUTY MANAGER(S) ROHRU AMRITA DEEPAK Addl. Associate 2 JALANDHAR ZONAL OFFICE-RO-I JALANDHAR -ADMIN JASWANT SINGH ASSISTANT MANAGER S.A. JAIN COLLEGE, AMBALA CITY Vikas Goyal CUST. ASST. (BANKING) MANSA PANKAJ KUMAR TAMTA DEPUTY MANAGER NOORMAHAL ROAD ,PHILLAUR SIMRANJEET SINGH CUST. ASST. (BANKING) SPECIALISED AGRI COMM BR, PATIALA AVINASH KUMAR Addl. Associate 1 ABLU RIGZIN GURMETH ASSISTANT MANAGER ALSINDI Deepshikha . CLERICAL - ON PROB. MOHALI (S.A.S. NAGAR) Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND SUNIL KUMAR ASST. (BANKING) GHAGA Sandeep Dhillon ASSISTANT MANAGER AMRITSAR Ram . Kishan CUST. ASST. (BANKING) NAKODAR ROAD, JALANDHAR Amandeep Sharma CLERICAL - ON PROB. NANGAL BHUR *** table>

Saturday, 24 January 2015

Banking reforms: Public sector banks may be asked to form holding companies

The government is thinking of asking public sector banks (PSBs) to each form a separate holding company to hold its stake as well as the banks' stakes in their various subsidiaries, as the first step towards a more fundamental reform that could ultimately lead to the nationalised banking sector being freed from majority state ownership. A senior government official told ET that separate holding companies for each bank will be a precursor to the establishment of a Bank Investment Committee, which will serve as a super holding company of sorts that will exercise control over the various individual holding companies and, in the long term, facilitate the reduction of government stake in these banks to less than 51%.

Bank chiefs have been seeking for some time now a lowering of the present government ownership floor in the state-run banking system, most recently at the recently concluded 'Gyan Sangam' bankers retreat held in Pune at the weekend.  Bankers and other experts argue that the requirement of 51% minimum state ownership in PSBs, especially at a time government finances were already stretched, and therefore,  restricted its ability to regularly pump in capital, impaired banks' ability to grow their asset book. Recommendations for reforming the sector include the creation of a holding company that will own the government's stakes in all banks and which can raise money.

But the government, going by its current thinking of setting up bank-specific separate holding companies, now appears to have given up the idea of having an omnibus holding company.
"There are many issues with setting up one holding company for all banks. Since already banks have the space to reduce the government holding to 52%, we can try the holding company model for each bank," said the official, who is part of the deliberations in the finance ministry.
"Besides, a single holding company for all PSBs may have its own pitfalls from a systemic risk perspective," added the official, requesting anonymity since he was not authorised to speak about it. The idea of having a single holding company may be re-examined at a later stage when the system was prepared for it, the official said.
For now, the government wants to examine if a holding company will de-risk the parent bank from being directly exposed to the functioning of various subsidiaries and also if debt raised by the holding company can be serviced through dividend incomes.
Holding companies can also look at other ways of raising capital, including through issue of shares with differential voting rights, or non-voting shares with insertion of protective clauses to keep government's majority status and maintain its command in the board.
Once we have the holding company structure for each PSB, we can look at various models for the bank investment committee," the official quoted earlier said.
According to government estimates, state-run banks need Rs 2.4 lakh crore worth of equity capital by 2018 to meet capital requirements. Banks can raise only up to Rs 1.6 lakh crore from the market if they are permitted to bring down the Centre's holding to 52% — the interim floor set up by the BJP-led government — in a phased manner. Around 10 public sector banks are in discussion with government to raise nearly Rs 33,000 crore from markets in the next two years.

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