Last week many of the leading news paper had reported the further consolidation of UCO Bank & Bank of Maharashtra with Union Bank and Bank of India respectively. In this regard the finance ministry has provided the clarification and put the stop …
FSIB recommends names for the MD & CEO posts of Bank of Baroda & Bank of India - The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Saturday recommended names for…
What is the transfer policy in the Public Sector Bank and on what basis the transfers are being done ? A question raised by honorable member of parliament Smt Priyanka Chaturvedi in the parliament. What was the response of Minister of State, Finance …
Government of India has laid down new norms for Government Bank employees for accountability if a loan goes bad. How does this address staff’s fears, and how can it help the economy, check out the details - Finance ministry has provided a SET OF NEW…
A long programme for smart banking services to Public Sector Bank i.e. EASE will now be taken care by Indian Banks' Association (IBA). Till now the work being done jointly by consultancy firm Boston Consultancy Group (BCG) and banking industry lob…
BAD BANK or National Asset Reconstruction Company Ltd (NARCL) is the future entity which will eventually take over most legacy non-performing assets (NPAs) worth over Rs 2 lakh crore from the various Public Sector Banks. NARCL, owned by state-owned …
Bank should focus on Big ticket NPAs and not on small loans. If you are really concerned about rising NPAs (non-performing assets) of the public sector banks , concentrate on big corporate debtors not on such small loanees, a supreme court bench, head…
Finally the Finance Minister got time to look after the pain of the bank employees in this COVID pandemic. They have forwarded a request to ministry of home affairs and the health ministry to consider issuing guidelines for priority vaccinations of ba…
AINBOF has demanded the hike in Staff welfare funds in amalgamated banks from existing 3%. At present, the maximum ceiling for Staff Welfare Funds was fixed at 3% of net profit subject to a cap of maximum ceiling. Bankers Union has demanded to revise …
