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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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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 to provide capital support mostly to weak PSBs

Govt to provide capital support mostly to weak PSBs

[ad_1] Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get the lion's share of the Rs 15,000 crore earmarked for capital infusion in state-owned banks for the current fiscal. This will help these public sector banks (PSBs) meet regulatory requirements. The capital infusion of Rs

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Public sector banks rerceived as risky, merged ones even more, says RBI

[ad_1] Systemic risks in India's banking sector have significantly reduced from what they were during the first viral wave, although lenders under state ownership score lower on risk perception than their private-sector counterparts. "The risk generated by the category of merged PSBs is comparatively higher than the unmerged PSBs," the central

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Govt hikes pension payout for families of deceased PSB bankers to 30% of last drawn salary

[ad_1] Union finance minister Nirmala Sitharaman on Wednesday addressed the media on the annual performance review of the public sector banks (PSBs). DFS Secretary Debashish Panda announced the hike in pension payout to bank employees. Family members of deceased PSB bankers will now get pension of 30% of last drawn

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Services of PSBs hit in Bengal as bank unions go on strike to protest against privatisation

[ad_1] Banking operations were severely hit in West Bengal on Monday as officers and employees of public sector lenders went on a strike to protest against the proposed privatisation of two state-owned banks. The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a nationwide

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Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS Secy

[ad_1] Loan restructuring and other measures announced by the government to help the industry hit by the coronavirus pandemic may save public sector banks from "shock" in the next year, a top finance ministry official said. Despite the pandemic, the lockdown and the consequent damage done to the economy, there

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Increasing private participation in banking will reduce fiscal bill: ICRA

[ad_1] Mumbai: Rating firm ICRA on Thursday said that the Reserve Bank of India’s internal working group (IWG) suggestions to increase participation in the banking sector will augur well for private players, reduce over reliance on public sector banks and cut the government’s fiscal bill. “Increasing private participation in the banking

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