Nationwide bank strike on Jan 27: What SBI, PNB, and BoB customers should expect
The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.
The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.
Harmanpreet Kaur’ was presented with a framed PNB jersey bearing her name and number, along with a custom-engraved PNB bat.
The 66-year-old, accused of orchestrating a Rs 13,000 crore fraud at Punjab National Bank (PNB), now has 15 days to appeal the ruling before Belgium's Supreme Court, delaying any immediate transfer.
The rate cut is part of the RBI’s strategy to stimulate economic growth by making borrowing more affordable for both consumers and businesses.
The agency expects the non-performing loan (NPL) ratio to stay between 2 to 3 per cent over the next year.
Of this, the mandatory borrowing to be done through issuance of debt securities (25 per cent of incremental borrowing) was Rs 5,467.50 crore.
The bank in its reply said that it collected Rs 152.88 crore from customers by levying annual maintenance charges (AMC) on debit cards.
The exercise assumes significance as it is taking place at a time when the country is under complete 21-day lockdown.
From April 1, 10 public sector banks will be merged into 4.
All customers, including depositors of amalgamating banks, will automatically be transferred to the principal bank under the merger process, the RBI said.
