TaxTMI 
TaxTMI 
Surplus Cash with Public Sector Banks’ (Psbs)
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....urplus Cash with Public Sector Banks’ (Psbs) <br>News and Press Release<br>Dated:- 26-2-2013<br><BR>In the light of Public Sector Banks' (PSBs) special role and importance in the banking industry an....
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....d in advancing the economic policies of the Government, in 2008, the Government asked all the Ministries / Departments and Central Public Sector Enterprises to place at least to the extent of 60% of t....
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....heir surplus funds with PSBs. The said instructions have again been reiterated in 2012 with certain modifications (available on website http://financialservices.gov.in/). In so far as dividend is conc....
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....erned, it is a stream of revenue to the shareholders including the Government and is declared by the respective boards of PSBs keeping in view their profit, relevant legal provisions and extant instru....
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....ctions on the subject. This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Rajya Sabha today. DSM/RS/ka (Release ID :92543)<BR> News....
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.... - Press release - PIB....