Various steps taken by the government has helped the banks significantly and as a result three banks -- Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC) -- are out of the PCA framework, he said while presenting the Interim Budget for 2019-20.
Goyal, who has been given an additional charge of the finance ministry on Wednesday in the absence of Arun Jaitley, is scheduled to meet chiefs of the state-owned banks on Monday to review financial performance of the banks.
Amid the row over a private entity handling the 'loan in 59 minutes' portal for micro, small and medium enterprises, SIDBI has claimed that a consortium of public sector banks led by it holds 56 per cent stake in the firm, thereby giving it a public character.
The disinvestment department will soon come out with guidelines for sale of 'enemy shares' after consulting enforcement agencies of the revenue department, which have experience in auctioning confiscated properties.
State-run hydro power giant NHPC said its board may consider a proposal to buy back shares at its meeting scheduled on November 14, in line with the government's aim to garner around Rs 80,000 crore from disinvestment this fiscal.
State-owned Bharat Sanchar Nigam Ltd (BSNL) has launched an alternate digital KYC process for issuing new connections across various circles, a top official has said.
Benchmark Sensex rallied 310 points to reclaim the 35,000-mark in the opening trade of the special Muhurat session Wednesday to mark the beginning of Hindu Samvat year 2075.
The key equity indices closed Samvat 2074 on a timid note, as the S&P BSE Sensex and NSE Nifty50 ended flat.
Finance Ministry is planning an initial public offering (IPO) to sell up to 25 per cent stake in telecom engineering and consultancy firm TCIL in the January-March quarter of the current fiscal, an official said.
State-owned Oil and Natural Gas Corp (ONGC) Saturday reported a 61 per cent jump in its September quarter net profit as higher prices offset a dip in oil production.