Psu in india a government owned corporation

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Psu in india a government owned corporation

May 19,Lahore, Pakistan Parent organization: Government of India Tagline: The name you can bank upon 3. It is based in Mumbai which is the financial capital of India and capital city of state of Maharashtra. Next is Central Bank of India, one of the oldest banks in India and came into existence in the year Central Bank of India is presently widely across the country with more than 4, branches in over 25 states in India.

Psu in india a government owned corporation

Moving to Financial Results, Central Bank of India in the financial year generated a total income of more than Rs 28, Crore. Also, the profit generated by the bank crossed the mark of Rs Crore.

Rs 10, Crore As on 16th January Headquarters: Pherozeshah Mehta, Sorabji Pochkhanawala Founded: December 21, Parent organization: It was established at Mangalore inmaking it one of the oldest banks in the country.

The government nationalized the bank in Canara Bank is another nationalised bank, which is known for quality products and services and incorporated in the year Canara Bank is growing swiftly and at present owns more than 5, branches and over 7, ATMs in the country.

PSU |authorSTREAM

Rs 9, Crore As on 16th January Headquarters: Ammembal Subba Rao Pai Founded: Together We Can 5. It is listed on the Forbesand has assets of USD Headquartered in Mumbai, Union Bank of India has more than 4, branches and a customer base of over 49 Million.

Talking about services, then Union Bank of India is acclaimed for its products and services and some of the services offered by the bank include Loans, Mobile Banking and Internet Banking. Rs 7, Crore As on 16th January Headquarters:Indian Oil Corporation (IOC) is waiting for permission to acquire Oil India, and the PSU banks — thanks to the new Reserve Bank of India (RBI) norms on bad assets — have begun writing on the.

A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise.

These companies are owned by the union government of India, or one of the many state or territorial governments, or both.

India’s top two oil refiners and retailers Indian Oil Corporation Ltd. and Bharat Petroleum Corporation Ltd. lost more than a fifth of their value as rising crude prices increased investor concerns on marketing margins.

The government froze prices of auto fuels in the run-up to Gujarat and Karnataka elections despite the rising crude. PSU is an acronym for Public Sector Undertaking.

The term PSU or PSU Companies represents the group of Companies in India owned by the union government of India, or one of the many state or territorial governments, or both.

NEW DELHI: The government is looking to pool land owned by lossmaking public sector companies and hand it over to state run developers such as NBCC (India) Ltd to develop it and realise value or sell it through a bidding process.

Feb 10,  · Public Sector Undertaking (PSU) is a Government owned corporation or a company in which Central or State Government have more than 51% share.

Psu in india a government owned corporation

Basically these Government companies run like private companies and share profits to Government.

What is the meaning of PSU?