Bank’s Union have shown their displeasure against the unconditional mandate of these banks.
The unions are protesting against the Financial Resolution and Deposit (FRDI) Bill, privatisation of banks, disinvestment in General Insurance Corporation of India (GIC Re), outsourcing of jobs in banks and other state-run insurance players and FDI in the insurance sector.
The decision to strike work was taken at a time when LIC is preparing to complete 51 per cent acquisition of the debt-ridden bank by September-end.
Interim finance minister Piyush Goyal said on Friday that the government was committed to support all state-run banks and strengthen their operations, after several lenders reported a jump in net losses last month. “The government ….Read More
The Reserve Bank of India will conduct the following Variable Rate Reverse Repo Auction on May 28, 2018, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Sl. No. ….Read More
(Amount in ₹ billion, Rate in Per cent) MONEY MARKETS @ Volume Wtd.Avg.Rate Range (One Leg) A. Overnight Segment (I+II+III+IV) 1,828.47 5.61 4.00-6.07 I. Call Money 327.51 5.93 4.85-6.05 II. CBLO 683.33 ….Read More
Notified Amount (in ₹ billion) 225.00 Total amount of bids received (in ₹ billion) 53.67 Amount allotted (in ₹ billion) 53.67 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of ….Read More
(Amount in ₹ billion, Rate in Per cent) MONEY MARKETS @ Volume Wtd.Avg.Rate Range (One Leg) A. Overnight Segment (I+II+III+IV) 1,827.71 5.95 4.85-6.25 I. Call Money 189.24 5.92 4.85-6.25 II. CBLO 1,170.52 ….Read More