"In this background, the meeting of UFBU held at Mumbai on January 13 came to the unanimous and inescapable conclusion that intensified agitational actions have to be resorted to press our demands for reasonable resolution and satisfactory settlement," it said. … [Read more...] about Employees of PSU Banks Threaten to Go on Two-day Strike from January 31
Centralised bank in india
Union law minister Ravi Shankar Prasad said earlier in January PFI may have played a part in the violence surrounding some protests and that the Union home ministry will decide on the action to be taken against the organisation “based on evidence”. … [Read more...] about Popular Front of India mobilised money to finance anti-CAA protests, says ED note to MHA
Some time early this century, the PLR was replaced by BPLR or benchmark PLR, which was supposed to factor in the actual cost of funds, operating expenses and regulatory requirements, provision for bad loans as well as profit margin. … [Read more...] about Why don’t banks pass on rate cut benefits to customers?
"The High Court Enforcement Officer, including any enforcement agents acting under his authority, may enter Ladywalk, Queen Hoo Lane, Tewin, Welwyn... and Bramble Lodge, Queen Hoo Lane, Tewin, Welwyn, including all outbuildings of Ladywalk and Bramble Lodge to search for and take control of goods belonging to the First Defendant (Mallya)," notes the order by Justice Byran, dated June 26. … [Read more...] about How Indian banks plan to recover Mallya dues
Flipkart co-founder Sachin Bansal is in the race to set up a bank. Within four months of Bansal acquiring a majority stake in Chaitanya India Fin Credit, the microlender has applied to RBI for a universal bank licence. Bansal, who has also bought an insurance unit of DHFL, is focusing on the financial sector. Last month the regulator had announced the final guidelines for on-tap licencing allowing payments banks to convert into SFBs after five years of operation, provided they meet the eligibility criteria.Payments banksThe promoter of a payments bank is eligible to set up an SFB, provided that both banks come under the non-operating financial holding company (NOFHC) structure, according to the guidelines.While the Reserve Bank of India (RBI) had in 2015 issued 11 licences to entities to start payments banks, there are only three serious players left in the market.The three players — Fino Payments Bank, Airtel Payments Bank and Paytm Payments Bank -- which seem to have cracked … [Read more...] about Payment banks, UCBs in race to turn SFBs; Sachin Bansal eyes universal banking licence