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PSBS WAGE
RBI warns West Asia war may hurt India growth outlookThe central bank said the impact of the conflict is likely to remain contained in the near term but warned that an escalation could derail ...- SBI cards sells Rs 1,800-crore bad loans to Integro FinservSBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, v...
- Finance Ministry asks PSBs to complete wage revision process in next 12 monthsPublic sector banks must begin wage revision talks for employees and officers. Negotiations for the 13th Bi-partite settlement are to be fi...
- Public sector banks pin hopes on new Govt for higher PLI for employeesState-run banks are optimistic about a more lucrative performance-linked incentive (PLI) for employees and are advocating for a five-day ba...
- Re-rating on cards for PSU Banks; SBI, Bank of Baroda can give 25% return in 2024Across the banking sector, deposit growth has remained sluggish in the past few years but has seen some growth revival in the past few quar...
- Finmin asks IBA to finalise wage revision of bankers of PSU banks by Dec 1The Indian government has instructed the Indian Banks' Association (IBA) to begin negotiations for the 12th bi-partite settlement and final...
- Banking on ESOPs: Just do it and get paid for itPublic sector bank employees are paid fixed salaries, which, according to the survey, does not encourage risk-taking and innovation. Althou...
- PSB staff seek PMO help on pensionIBA has pegged the cost of updating pension in PSBs at Rs 95,000 crore .
- Bank employees seek PM's attention to pension demandThey have raised the pitch following the government’s decision to clear the pension issues for Reserve Bank of India earlier this year.
- Government asks PSBs to finalise next wage revision before November 1There are 21 public sector banks, post merger of six lenders with SBI, in the country. They together employ about 8 lakh people.
- Govt asks PSBs to finalise next wage revision before November 1Banks Board Bureau chief Vinod Rai had made a case that the compensation package across the board of public sector banks needs to be improv...
- FinMin seeks status report on wage revision talks from PSBsIn January, the PSBs were asked to initiate the process of negotiations with the employees and conclude it prior to the effective date of N...
- Pay panel suggestions may dent PSUs’ profitAnalysts believe that BHEL has been using aggressive pricing to win orders and put its capacity to use. This together with the wage increas...
- Government committed to work for betterment of every citizen: Arun Jaitley"Our government is committed for the betterment of lives of every citizen, including government employees", Jaitley said.
- United Forum of Bank Unions, Indian Banks' Association to meet on Friday over wage hike issueBank employees had gone on 2 day strike in February to press for their demands citing high inflation and rejecting the management's offer.
- Govt links increments to staff performance of public sector banks, unions hold the keyState-owned banks are facing their worst period in more than a decade as mounting bad loans cripple earnings.
- Private sector banks outperfom PSBs due to better risk managementIn FY13, public sector banks, or the PSBs, had to handle rising bad assets as higher interest rates and low investment resulted in borrower...
- Banks do the math on pay hikes to retain, woo talentThe Indian Banks’ Association (IBA) and United Forum of Bank Unions (UFBU) had recently concluded the ninth bipartite wage negotiation talk...
- Indian Bank draws up plans to groom talentFaced with the possibility of a middle management talent crunch in the coming years, public sector lender Indian Bank is putting in place a...
- PSU banks have higher cost of funds, says RBIFinance minister P Chidambaram’s insistence that public sector banks should cut the cost of their funds instead of raising interest rates o...
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