Showing signs of demand uptick in the economy, gross bank credit of scheduled commercial banks (SCBs) grew in double digit for the first time since demonetisation and GST implementation. According to the monthly data released ….Read More
Aadhaar Enrolment in Bank Branches by Employees- AIBEA Circular
Come June 12, the United Forum of Bank Employees, representing the one million strong bank employees of government banks, is meeting at Chennai to decide the next course of action after the last national strike ….Read More
The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday approved the revision in wage structure and allowances of Gramin Dak Sevaks (GDS), effecting hike in the remuneration of more than 3.07 lakh Dak ….Read More
Capital First, provider of loans to small businesses, is backed by buyout firm Warburg Pincus. Capital First is being acquired by IDFC Bank for around $1.5 billion. After getting the RBI’s nod, IDFC Bank will ….Read More
In March last year, PTI quoting finance ministry officials, reported that the government want to create 4-5 global sized lenders.
Financial Performance of Public Sector Banks as on 31st Mar 2018
The traders’ body has expressed that the 48 hours strike will impact transactions worth Rs 200 million. Digital transactions comprising of 5% of the total transactions had a severe hit as the servers in the Banks were brought to a halt.
The unions in the banking sector are squarely blaming the Indian Banks’ Association (IBA) for forcing them to resort to a strike that entered the second and last day on Thursday. “It is the IBA ….Read More