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.
In a notice serviced to the Indian Banks' Association, the officers' unions said that they propose to go on strike to protest against mergers and amalgamations in the banking sector.
New Delhi: Public sector bank employees have decided to go on a 4-day strike from January 21 to protest against the "rigid and callous attitude" of Central Government in resolving the long pending wage revision
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