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A Manimekhalai, MD & CEO, Union Bank of India, Swarup Kumar Saha, MD & CEO, Punjab & Sind Bank and Madhav Nair, country head & CEO-India, Bank of Bahrain & Kuwait BSC, will be his deputies
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The International Olympic Committee has time and again reiterated its threat to leave boxing out of the 2028 Los Angeles Olympics if national federations continue to align themselves with the suspended International Boxing Association (IBA).
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MV Rao, MD & CEO of Central Bank of India, will replace Atul Goel, MD & CEO of Punjab National Bank, as the chairman of the IBA
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They also elected Madhav Nair, the Country Head and Chief Executive of Bank of Bahrain and Kuwait as the honorary secretary, the association said in a statement.
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The Indian Biogas Association (IBA) urges for incentives, including a dedicated Rs 1.4 lakh crore 'Biogas-Fertilizer Fund,' to boost organic fertilizer usage, benefiting soil and human health.
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RBI Governor Shaktikanta Das at FIBAC 2023, jointly organised by FICCI & IBA . Watch!
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The FM has given a very serious type of consideration of our issues, said the All India Bank Pensioners & Retirees Confederation president.
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The platform, expected to start in three months, will ease the difficulties faced in auditing the accounts of companies.
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At the bilateral meeting between the Unions and IBA on February 28, it was concluded that to enforce a five-day work week, "it has emerged that the total working hours can be increased by 40 minutes per day with cash transactions from 10 am to 4 pm and non-cash transactions upto 4-30 pm."
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As inflation threatens to increase MSMEs input costs and the RBI’s COVID-related forbearance comes to an end, banks’ non-performing assets and slippages in the MSME segment are expected to inch higher in the coming quarters, say experts
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Meanwhile, fintechs and banks are working on a way that will allow a separate entity under the card-issuing entity to access data, while another co-branding entity will not have access to data as per the norms.
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The working group will lay out the final objectives and definitions for the digital banking units and will aim for the units to be operational as early as July, a source said.
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They have also sought additional 10 percent credit facility for companies that fall under the guarantee scheme
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The regulator is yet to respond to requests of an extension by the IBA and banks. With just 10 days to go for the deadline, bankers are worried that online payments will witness major disruption if an extension is not granted.
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With registration of the National Asset Reconstruction Company or bad bank underway, the process for putting an initial capital of Rs 100 crore is also on as per the guidelines
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Rating agency ICRA estimates that compound interest waiver on all loans will cost the government Rs 7,000-7,500 crore.
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As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
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A 15 per cent hike in wage cost will mean a yearly burden of Rs 7900 crore for the banking industry.
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With the economy facing a downturn and recovery looks difficult, banks wants to take the bad loans off the balance sheets
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Services such as cheque clearances, cash deposit, cash withdrawal and loan disbursements at bank branches could be affected during the strike.
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Corporate Affairs Secretary Injeti Srinivas said in terms of the spirit and rigour, the latest circular is identical to the February 12 guidelines.
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IBA has recommended that CREDAI come up with a model structure wherein it could take over unfinished projects and complete them.
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This time around, IBA may apply only for Amber companies of IL&FS after a meeting with the Secretary of the Ministry of Corporate Affairs and new Uday Kotak-led board on January 22
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The managing committee of the banking lobby has also elected Bank of India's managing director and chief executive, Dina Bandhu Mohapatra, as the deputy chairman, an official release said today.
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The decision-making mechanism at the top between the Centre and the states has been "reasonably institutionalised" and the mechanism created to address day-to-day issues is robust, he said.
