Amid apprehensions about the impact of amortization of pension benefits, Bank of India feels that it will not have any material impact, at least for the next two years.
Punjab Chief Minister Parkash Singh Badal today approved one-time grant of Rs 20 crore to the cash-strapped Pepsu Road Transport Corporation (PRTC) to bail out from its staggering liability on account of pension benefits accrued to its employees.