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Fill SC vacancies by December 31, address grievances by October 31, Finance ministry tells banks

Fill SC vacancies by December 31, address grievances by October 31, Finance ministry tells banks

[ad_1] The finance ministry has directed all public sector banks to fill vacant posts reserved for Scheduled Castes (SCs) by December 31 and address all grievances of SC consumers and employees through a special drive by October 31. The decision came at a meeting convened by finance minister Nirmala Sitharaman with

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PSU banks to start drive from Oct 2 to fill backlog vacancies of scheduled castes: NCSC chief

PSU banks to start drive from Oct 2 to fill backlog vacancies of scheduled castes: NCSC chief

[ad_1] All public sector banks will begin a special drive from October 2 for filling up of backlog vacancies reserved for scheduled castes, National Commission for Scheduled Castes (NCSC) Chairman Vijay Sampla said on Thursday. The decision comes after a review meeting, jointly chaired by the NCSC chairman and Finance

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Banking sector in sweet spot; should see robust loan growth this year: BoM MD

Banking sector in sweet spot; should see robust loan growth this year: BoM MD

[ad_1] With the COVID worries fading, the banking sector is set to register robust growth in the current fiscal on the back of stable macroeconomic conditions and growth-oriented policies of the government, said Bank of Maharashtra (BoM) Managing Director AS Rajeev. The banking sector is at an inflection point with

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No PSB employees found involved in Rs 14,349 cr ABG Shipyard fraud case: Sitharaman

No PSB employees found involved in Rs 14,349 cr ABG Shipyard fraud case: Sitharaman

[ad_1] Finance Minister Nirmala Sitharaman on Tuesday said no public sector bank employees were found to be involved in the Rs 14,349 crore bank fraud by ABG Shipyard Ltd (ABGSL), and CBI has registered a case against the company and its directors last month. ABG Shipyard was sanctioned loan under

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Govt is making sure that India will have at least 75 digital banking units in near future: Nirmala Sitharaman

Govt is making sure that India will have at least 75 digital banking units in near future: Nirmala Sitharaman

[ad_1] Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said that the government is making sure that India will have at least 75 digital banking units in near future. Sitharaman chaired a post-budget interaction with stakeholders from trade and industry of North Eastern states in Guwahati on Thursday. Addressing various

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LIC IPO to go ahead despite market volatilities: FM Nirmala Sitharaman

[ad_1] The government will go ahead with the planned initial public offer (IPO) of Life Insurance Corp of India (LIC) despite the market volatilies due to geopolitical developments, finance minister Nirmala Sitharaman said. The government is keeping a close eye on global developments due to the tension between Ukraine and Russia

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FM Nirmala Sitharaman asks banks to be more customer-friendly

[ad_1] Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any

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Banks sanction loans worth Rs 3.1 lakh crore to MSMEs under ECLGS: Nirmala Sitharaman

[ad_1] Finance Minister Nirmala Sitharaman on Thursday said banks have sanctioned loans worth Rs 3.1 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions due to the coronavirus pandemic. The scheme has been extended till March 2023. "Those MSMEs who

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Bank fraud complaints rise to 1.45 lakh in FY21

[ad_1] Fraud complaints registered by the RBI under the various Ombudsman schemes in different categories have risen to 1,45,309 in 2020-21 against 1,35,448 in FY20, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. "RBI has informed that on comparing the complaints against ATM/Debit Cards, Credit Cards and Mobile/Electronic

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