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Will banks soon have a 5-day working week? Here’s what the government has saidThe proposal is under consideration, public sector banks (PSBs) currently follow a system where only the second and fourth Saturdays are of...- Quality of play, skill level continued to grow: IAF chiefAir Chief Marshal V R Chaudhari praised the 'Marshal of the Indian Air Force Arjan Singh Memorial' hockey tournament, stating that it has r...
- Sarkaari banks trump private peers in drawing fresh talentHigh attrition rates in private sector banks has increased the appeal of public sector banks (PSBs) for job seekers. HDFC Bank, Axis Bank a...
- Banking laws recast likely to protect bankers from LokpalIndia is eyeing a significant revamp of the banking laws that includes ring-fencing bankers from the Lokpal Act, stock options for state-ow...
- PSBs told to revise staff accountability policies for NPAsWith the approval of their Boards, lenders may decide on a threshold of ₹10 lakh or ₹20 lakh, depending on their business size, to examine ...
- 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 ...
- Banks are catalysts of economic revival: FM Nirmala SitharamanSitharaman was speaking after launching PSB Alliance-Doorstep Banking Services. The minister further said banks have to introspect on their...
- Coronavirus impact: Banks to continue IT, treasury, clearing operationsFrontline staff will continue to attend office this month as the last fortnight of the fiscal is the busiest time of the year. There will a...
- Eco Survey flags 'disproportionate dwarfism' of Indian banks, calls upon PSBs to become efficientFlagging 'disproportionate dwarfism' of banks, Economic Survey called upon PSBs to become efficient.
- Bank panels to monitor probe progressFinance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘thr...
- Nirmala Sitharaman announces big reforms for Public Sector Banks: Key highlightsFinance Minister announced amalgamation of ten public sector banks into four big banks.
- PSB staff seek PMO help on pensionIBA has pegged the cost of updating pension in PSBs at Rs 95,000 crore .
- No more commission for PSB staff for cross-selling productsA letter from the dept of financial services to bank chiefs says that commission should instead be paid to the bank as income.
- Banking services to be impacted on May 30-31 if unions go on strike, says SBIThe bank unions have been pressing for various demands, including wage revision in the wake of the proposal for a 2 per cent hike in salary.
- 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...
- Government considering ESOPs to bank employees: Jayant Sinha"This government is of view that we should create ESOPs for PSB bank staff," Jayant Sinha said at a function organised by BMS and NOBW.
- CBI registers 139 corruption cases against PSB staff: Jayant SinhaCBI has reported that they have registered a total number of 139 trap cases against Bank official/officers during the last four years.
- Govt to bring 21st century financial system to every doorstepPrime Minister's Jan Dhan Yajana has been an "astonishing success" and 100 per cent households have been covered by it.
- Panel formed to revise salaries of PSB staffThe finance ministry has set up a committee to suggest a formula for revision in compensation of employees of public sector bank after the ...
- Wanted: 3.5 lakh workers for public sector banksPSBs will have to recruit over 70,000 executives/year for next 5 years assuming that productivity of employees would increase by 50%. Offic...
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