The Finance Ministry has asked public sector banks to limit the amount of loan write-offs and sought details of recoveries made by them in the six years ending 2011-12 with an aim to improve the finances of PSU lenders. ...
12:10 PM, Mar 31, 2013
Finance Minister P Chidambaram will meet heads of public sector banks on Monday to take stock of their concern amid moderating growth and slowdown in investment. ...
01:18 PM, Mar 17, 2013
Mumbai: Around 700,000 employees and officers of the public sector, private sector and foreign banks will strike work all over India on Thursday, an official said in Mumbai on Monday. Work in 27 public sector banks, 12 old generation private sector banks and eight foreign banks shall come to a standstill due to the strike, said Vishwas Utagi, secretary, All India Bank Employees' Association (AIBEA). "We are protesting the central...
05:34 PM, Dec 17, 2012
New Delhi: Normal operations in public sector banks, including cheque clearances and fund transfers, were on Thursday hampered for the second day because of the strike called by unions to protest against reforms in the sector and outsourcing of non-core services to private sector. "The strike is total success all over the country. Banking services have been affected," All India Bank Employees' Association (AIBEA) General Secretary CH Venkatachalam said. Normal...
11:20 AM, Aug 23, 2012
New Delhi: The government on Friday said it will provide capital support of Rs 15,888 crore to public sector banks and financial institutions during the next fiscal to strengthen their capital base. "The government is committed to protect the financial health of Public Sector Banks (PSB) and financial institutions," Finance Minister Pranab Mukherjee said in the Lok Sabha on Friday while presenting Budget 2012-13. "For the year 2012-13, I propose...
05:54 PM, Mar 16, 2012
New Delhi: Bank employees and officers unions will go on nation-wide strike on August 5 to protest against proposed banking sector reforms and wage related issues as conciliatory talks with the management has failed. "The United Forum of Bank Unions (UFBU) met the financial services secretary as well as the IBA (Indian Banks' Association) Chairman, but there was no solution and stalemate continues. So they are going ahead with the...
07:36 PM, Aug 03, 2011
New Delhi: The great Indian telecom scam is threatening to spill over into the banking sector. And at stake is the tax payers' money that public sector banks have given as loan to Unitech Wireless. The telecom giant, now called Uninor, is being probed by the CBI, the CVC and the Income Tax in the 2G spectrum scam. CNN-IBN has accessed to documents that show that public sector banks including...
02:42 PM, Oct 08, 2010
Bank staff opposing the merger and consolidation of public sector banks. ...
10:18 AM, Dec 16, 2009
Tata Motors wants to pave the way for Nano's entry into tier 1 and tier 2 towns. ...
02:14 PM, Mar 10, 2009
Interest rates in double digits by most banks comes as a breather. ...
11:13 AM, Feb 06, 2009
The smaller PSU banks however may find it difficult to follow SBI'e lead. ...
12:46 AM, Feb 03, 2009
High EMIs continue and transfer of loans to cheaper rates looks tough. ...
12:33 AM, Dec 17, 2008
Public sector banks are now more confident in lending to the minorities ...
11:24 AM, Nov 19, 2008
FM asked banks to reduce interest rates to bring in more liquidity. ...
10:31 PM, Nov 06, 2008
Employees seek pay revision and are protesting against merger. ...
12:30 PM, Sep 24, 2008
Day-long banks strike affects ATMs, cash and cheque transactions. ...
09:19 PM, Aug 20, 2008
