Tag: Bank
17 Results
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Bank strike
Fifty-two years after the nationalisation of banks, the contentious issue is privatisation of two banks, as proposed in the Budget 21-22, that was presented in the Lok Sabha on February 1 by finance minister Nirmala Sitharaman.
February 12, 2021 -
The village bank
Most development programmes are a grim reminder of how mechanically trying to meet targets can completely undermine the integrity of a veritable economic and social revolution to such an extent that a counter-revolution can be set into motion. But we refuse to learn lessons
February 2, 2021 -
The NPA Conundrum
The principal factor for accumulating bad loans in the Indian banking system is exaggerated economic growth expectations and over-ambitious projections erroneously or otherwise accepted by lending institutions
November 30, 2020 -
Small is Beautiful
We would do well to shun our pursuit of the extraordinary, to the detriment of the ordinary. Let us set simple goals for ourselves, to be achieved at our natural pace; the first one being that no man should sleep hungry or stay permanently unhappy
September 24, 2020 -
Prima facie it looks frivolous: HDFC Bank on lawsuit plan in US
The global investor rights law firm earlier announced an investigation of potential securities claims on behalf of the shareholders of HDFC Bank following allegations that the bank may have issued materially misleading business information to the investors.
August 18, 2020 -
IDBI to activate repo-linked retail loans from Oct 1
On September 4, RBI mandated banks to link fresh retail loans to an external benchmark like repo-rate. The move is aimed at including fresh retail and MSME loans from October 1 where home and auto loans will get cheaper.
September 9, 2019 -
Bank fusion won’t assist to restore bad loans: AIBEA
Opposing the merger of 10 public sector banks into four, C. H. Venkatachalam, General Secretary of AIBEA, in a statement issued here said in the name of banking reforms the government is enabling banks to help corporates.
August 31, 2019 -
One dead, 10 hurt as ceiling of bank collapses in Maharashtra’s Solapur; 10 feared trapped
Some patients also fell down with the crashing slab as there was a small clinic on the upper floor of the ground-plus-storied structure.
July 31, 2019 -
20 feared trapped as roof of building housing bank collapses in Maharashtra’s Solapur
The incident comes barely two weeks after a residential building crumbled to the ground in the Dongri area of Maharashtra’s Mumbai killing at least 14 people.
July 31, 2019 -
PM Modi launches India Post Payments Bank, accuses UPA of forcing banks to give bad loans
Speaking at the event, the PM took a jibe at the Congress accusing the party of forcing banks to give loans to known defaulters.
September 1, 2018 -
Will banks remain closed for 6 days starting 2 September? Here is the truth
Contrary to the message circulating on WhatsApp and other social media platforms, banks will remain open in the first week of September except on normal closing days. ATMs, too, will function normally.
August 31, 2018 -
‘Private banks ignoring SC entrepreneurs’
The National Scheduled Caste Alliance (NSCA) on Thursday alleged that the private sector banks are ignoring the scheduled caste (SC) entrepreneurs. NSCA national president Paramjit Singh Kainth claimed that the private banks and other regional credit banks have mostly ignored the applications of the individuals of SC community seeking loans to start their livelihood under …
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March 1, 2018 -
Kalahandi banks, govt offices, court closed amidst bandh for HC bench
Banks, government offices, postal services and courts remained closed in Kalahandi district on Monday in response to a bandh call given by lawyers demanding establishment of a bench of the Orissa High Court in Kalahandi. Educational institutions, business and transport were exempted from the purview of the Bundh. The Kalahandi Bar Association president Lokanath Nayak …
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February 27, 2018 -
The case for privatising PSBs
Not every bank employee is into policy decisions, only General Managers, senior managers and members of the Board. Majority of the staff does routine jobs like taking deposits, dealing with queries on savings and doing other paperwork. Compare it with the staff at McDonald’s, the largest fast-food chain. The staff there as well does a …
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February 25, 2018 -
CID searches Bharati Ghosh’s two bank lockers
The Criminal Investigation Department (CID)sleuths armed with the court order on Tuesday conducted search Operation in former IPS officer Bharati Ghosh’s two lockers at a nationalised bank on Southern Avenue. The CID officers also sought police remand of arrested former Daspur OC and one of former’s aides in connection with cash-forgold scam. CID officers reportedly …
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February 21, 2018 -
Not only PNB, other banks also involved in scam: Mamata
Continuing her attack on the Centre over the multi-crore PNB fraud, West Bengal Chief Minister Mamata Banerjee on Monday alleged that there are “other banks” involved in such money laundering cases with their chiefs being protected by the BJP government. “We know everything. Not only the Punjab National Bank, there are other banks also and …
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February 19, 2018 -
PSU bank shares suffer on recapitalisation plan
Shares of large state-run banks such as State Bank of India, Bank of Baroda and Punjab National Bank were hit by selling pressure today as many bankers and brokers felt the allocation of funds under the Rs 2.11-lakh-crore recapitalisation plan to these lenders was not up to their estimates and below their requirements of fresh …
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January 26, 2018