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
On Bank Unions 2 days strike notice Chief Labour Commissioner called conciliation meeting to avoid 2 days proposed all India Bank Strike. Since Indian Banks Association (IBA) has not given any revised offer for wage ….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
The state government on Thursday lifted the ban on general transfer of employees after a gap of five years. Over 60 per cent of the employees will be transferred. Spouses of government staff, physically challenged ….Read More