The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.
The RBI wishes to see the lagged impact of its 1.35 percentage points rate cut till October to play out before moving on the rates further, he said, adding transmission can be faster now as banks chase the fewer people who are queuing up for loans given the economic gloom.
With the failure of conciliation talks, about 10 lakh bankers in private and government banks will go on strike on December 26 protesting against the merger of Bank of Baroda, Dena Bank and Vijaya Bank, the All India Bank Employees Association (AIBEA) said on Thursday.
On November 8 last year, the Modi government demonetised Rs 500 and Rs 1,000 notes as part of its drive against black money, counterfeit notes and corruption.
All India Bank Officers Confederation (AIBOC) has asked the State Bank of India (SBI) to shut down its branches till the supply of cash gets normalised.
Enforcement authorities have found that corrupt bank managers are allowing backdoor note exchanges and are charging a commission while at it.
Bankers and industry leaders on Tuesday welcomed the move to demonetise the Rs 500 and Rs 1,000 notes as a bold and revolutionary step.
Three of India's top women bankers, SBI chief Arundhati Bhattacharya, ICICI head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the Fortune's 2016 '50 most powerful women' based outside the US. The list
Chennai: Around 340,000 bank employees across the country would strike work on January 8 to protest the violation of bilateral settlement by the five associate banks of the State Bank of India (SBI), a top
New Delhi: Thanks to benign inflation and better fiscal numbers, bankers and industry leaders expect RBI to lower its key policy rate tomorrow to support economic activity and boost investment.The wholesale inflation hit a new
New Delhi: Employee unions of public sector banks on Monday withdrew their strike call following an agreement with the management on 15% wage hike. "In today's talks, wage revision settled at 15% with effect from
New Delhi: Five weeks after launching the ambitious Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi on Tuesday asked bank officers and staff to undertake ‘mid-course corrections required' as the ‘journey is bound to
Mumbai, Mar 24 : Borrowers troubled by elevated interest rates will have to wait for a bit longer for relief as bankers have virtually ruled out any immediate cut in the lending rates, citing high
Mumbai, Oct 20: Kingfisher lenders, including SBI, today expressed concerns over the airline losing its licence to fly, but said recovery of loans through sale of its assets is the last option.“... we are concerned
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