PSU banks threaten to go on strike on Tuesday, services may be hit
August 20, 2017 13:23 ISTServices at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike.
Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike.
The government and the Reserve Bank of India are inching forward to conclude a number of changes in the rules to cut-down the proportion of bad loans in the banking sector. This move is a prerequisite to kick-start the investment cycle and push the g
Finance Minister Arun Jaitley in his Budget for 2017-18 proposed to merge some of the 13 state oil firms to create an integrated public sector oil major.
The Union Cabinet today gave in-principle approval to NITI Aayog's proposal for strategic sale of sell loss-making state-owned companies, subsidiaries and select manufacturing plants to the private players. The Cabinet meeting, chaired by Prime Minis
In a bid to achieve a full-year disinvestment target of Rs 56,500 crore, Modi government has prepared a plan for disposal of controlling stakes in 22 listed and unlisted companies. According to a report in
With several start-ups having defaulted on their recruitment promises to new recruits from premier business and engineering institutes, the IITs are now mulling changes in their placement policies to ensure that students don't face a
New Delhi: The government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through stake sales in PSUs, but not without the help of its all-time saviour Life Insurance Corporation (LIC),
Mumbai: The benchmark BSE Sensex fell almost 28 points in early trade today due to profit-booking by investors after recent gains amid mixed Asian cues.The 30-share barometer edged lower by 27.97 points, or 0.10 per
New Delhi: Even after a week of the March 31 deadline announced by market regulator SEBI, almost 90 per cent of listed Public Service Units (PSUs) have failed to meet the requirement of appointing women
New Delhi: PSU bank employees' unions have deferred the proposed four-day strike from January 21 after the management of banks (IBA) assured that wage related issues will be resolved by early February.“Four-day strike has been
New Delhi: Prime Minister Narendra Modi will launch the government's campaign for financial inclusion to ensure that 7.5 crore households that do not have access to banking have at least two accounts.The efforts will also
New Delhi: The Finance Ministry has asked public sector banks to step up efforts for mobilising low-cost CASA deposits and focus on recovery in a bid to improve their financial performance. “Banks have been asked to
New Delhi: The Supreme Court has held that courts cannot order recovery of the amount of an employee while quashing the appointment as the denial of pay for the service rendered would amount to “impermissible”
Mumbai: Pre-Diwali fireworks continued unabated in the stock market as robust buying amid growing confidence about economic recovery propelled the benchmark index Nifty to its highest level in three years on the National Stock Exchange
New Delhi: Attributing rising bad loans in the banking sector mainly to large borrowers, Finance Minister P Chidambaram today said the government will monitor 30 NPA accounts of each PSU bank to recover dues and
New Delhi: Concerned over defaults by big borrowers, Finance Minister P Chidambaram today said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate
New Delhi: Within days of government promising more funds to PSU banks, state-run lenders PNB and OBC today cut lending rate on auto and consumer durable loans by up to 2.50 per cent to cash
HYDERABAD: The Income Tax Department slapped a Rs 1,631-crore demand notice on the State-owned National Mineral Development Corporation (NMDC) Ltd for assessment years 2006—07, 2007—08, 2008—09 and 2009—10, alleging the PSU had under-invoiced some export
New Delhi, Mar 1: The government today allowed cash-rich PSUs to buy back government's equity, paving the way for a new and innovative method of disinvestment to achieve the Rs 40,000 crore target this fiscal.The
Bhubaneswar, Jun 18: Navratna PSU National Aluminium Company Limited (NALCO) on Friday announced reduction in basic price across all its product segments by Rs 5000 per MT.The new tariff, would be effective from today, the
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