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BRANCH RATIONALISATION
Weather swings, monsoon risks, and the growing threat to mango, apple cropsThe agriculture industry has evolved historically through adaptation and resilience, and now it is time to speed up this transformation, em...- State Banks & insurers told to cut global travel, switch to EVs in austerity pushGovernment financial institutions are implementing austerity measures. State-run banks and insurance companies must cut foreign travel for ...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 35%The price hikes in petrol and diesel follow the increase in the duty on gold. The way these hikes are being implemented makes it clear that...
- RBI allows banks to extend relief measures to borrowers without their requests in disaster-hit areasNew Reserve Bank of India guidelines empower banks to offer relief to all borrowers in calamity-hit regions. These measures, effective July...
- Union Bank: As a merged entity, we can face this lockdown betterUnion Bank of India will become the fifth largest state-run bank after Andhra Bank and Corporation Bank merge with it on April 1. Six banks...
- Union Bank expects Rs 2,500 cr benefits due to amalgamation: CEO Rajkiran Rai GUnion Bank said implementation of all the processes under amalgamation will happen without much disruption to customers and employees of An...
- Merger impact: BoB looks to rationalise 800-900 branchesIt does not make sense to have branches of Dena and Vijaya at the same location when both have been merged into BoB, a senior bank official...
- PSBs identified 54 international operations for rationalisation by mid-January: MinisterAs on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative offices.
- PSU banks plan rationalisation of another 69 overseas officesPublic sector banks are in the process of closing or rationalising about 69 overseas operations in the next few months as part of their cap...
- Bank of Baroda to shut three African branches by JuneThe bank in a regulatory filing said that as per the government guidelines for rationalisation of overseas presence, increase in efficiency...
- SBI changes names, IFSC codes of nearly 1,300 branches post merger with associatesThe merger of six associate banks and Bhartiya Mahila Bank (BMB) with State Bank of India (SBI) came to effect from April 1, 2017 resulting...
- PSU banks plan closure of 70 overseas offices during this fiscalAccording to the data, 159 branches of PSBs are operating in foreign countries, of which 41 branches were in losses in 2016-17.
- SBI in process to shut 9 foreign offices as part of rationalisation: MDSBI, country's largest lender, has operations in about 36 countries with nearly 190 branches.
- 41 out of 159 foreign branches of state-owned banks in redAs per RBI's instructions, wilful defaulters are not sanctioned any additional loans by banks or financial institutions, he said.
- PSBs need to improve risk infrastructure: SBI chief Rajnish KumarTalking about SBI, Kumar said SBI has a good risk mitigation architecture.
- Shape up or face music: PNB chief tells 300 bank branchesWe have given notice to all loss-making branches that within one year they should turnaround or face mergers or closure, said Sunil Mehta, ...
- Finance ministry asks PSBs to rationalise overseas, domestic branchesThe banks have been advised to pursue closure of loss making domestic and international branches as part of capital saving exercise, offici...
- SBI cuts staff strength, looks to redeploy 10,000Consolidation and a shift to digital channels for banking have set in motion a job restructuring process in one of the largest employers in...
- SBI weighs plan to shut, relocate 30% of its branchesAs part of its branch optimisation measures, State Bank of India recently either shut down or relocated more than 400 branches to cut costs.
- ICICI Prudential Life set to hire 3,000 in next two monthsThe employee strength of ICICI Prudential Life stood at 25,000 at the end of March 2009.
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