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PSB HIRING
Banks plan common portal to track consortium loansBanks plan to launch a common portal to monitor consortium loans, sharing data such as audit reports, borrower responses, stock statements,...- Missed a loan repayment? Banks are deploying AI agents to follow up — here’s howBanks in India are now using AI avatars for loan recovery. These virtual agents make video calls and send messages to borrowers. This metho...
- IndusInd Bank to report muted financials in near-term, uphill task ahead for new CEO: BrokeragesIndusInd Bank faces significant challenges after reporting a substantial net loss due to accounting irregularities and senior management in...
- How to unlock true potential of Pradhan Mantri MUDRA YojanaMillions of poor households depend on self-employment and tiny businesses for their livelihoods. PMMY offers collateral-free loans of up to...
- Freeing the white elephants: Why privatisation of public banks can only be goodDominance of banking by PSBs has also been a hurdle in the way of improving the regulatory regime, which, in turn, hampers the modernisatio...
- PSBs form 'Alliance' to provide door step bankingBesides public sector banks, two private sector lenders IDBI Bank and ICICI Bank were also shareholders in Cordex but will surrender their ...
- Finance Ministry asks banks to cut costsThe finance ministry has issued a stern diktat to PSBs to defer ‘avoidable’ expenditure until next fiscal.
- Dena bringing NPAs down to as low as possible before merger: Karnam Sekar"We have been selling assets right after we were put in PCA. We have sold Rs 500 crore worth of loans."
- Fast-track hiring to overcome manpower shortage due to retirements: Parliamentary panel to PSBsIn PSBs, 95 per cent of GM level employees, 75 per cent of Deputy GM level employees, and 58 per cent of Additional GM level employees will...
- This PSU banker is being considered for Axis Bank top jobP S Jayakumar, a former Citibanker, joined Bank of Baroda, on October 2015 and was heading VBHC Value Homes prior to taking charge of the l...
- IBA draws plan to measure reform implementation by PSBsThis assumes significance as the capital infusion in the state-owned banks is directly linked to their performance on reforms front.
- Public sector banking mess is here to stay. And this is whyOf the 21 PSBs, 11 are under the Prompt Corrective Action plan of RBI. After the Nirav Modi scam, five more banks are at risk of being incl...
- Bank Board Bureau suggests rules on hiring of PSB chiefsA few directors on PSU bank boards should be permitted to serve on more than one bank's board, the Bureau has suggested.
- Hiring rate at PSBs fallingThe gap between private and public sector staff base has narrowed during the period; the ratio of PSB staff to that of private banks employ...
- No more hiring from private sector for PSB top jobs: Finance MinistryIn a first, the government last week roped in private sector professionals to run two of its largest banks - Bank of Baroda and Canara Bank.
- IBA agrees to meet bank unions on Monday to avert strikeAn IBA official said that five-day week was not acceptable to the government, and regulated hours were not feasible either as the daily wor...
- PSU banks face bankruptcy of talent as thousands set to retire in coming yearsSqueeze on hiring over past two decades is haunting PSU banks and they urgently need a policy to deal with the impendingcrisis.
- PSU banks need to free themselves from government influence: Raghuram RajanPitching for greater operational flexibility to public sector banks, Rajan said they can become competitive by distancing themselves from g...
- Aditya Birla Group, L&T Finance others hire former PSB executives to boost bank licence prospectsAlok Mishra, former chairman and managing director of Bank of India, is said to be in talks with one of the banking aspirants and an announ...
- SFIO smells foul in Satyam's split bank a/csSenior company officials, who were questioned by SFIO, claimed that large sums of deposits in five bank accounts were handled by Raju.
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