Services such as cheque clearances, cash deposit, cash withdrawal and loan disbursements at bank branches could be affected during the strike.
Wage disparity between the public and private sector bank employees have been longstanding problem. Isn't it high time the government addressed this?
The size of the Maharashtra loan waiver, announced by the new coalition government, could work out to around Rs 51,000 crore.
The pessimism relating to disinvestment has its origin in the way stake sales have been conducted.
In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets that can be used to boost credit and spur growth.
As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the RTI reply.
Finance Minister Nirmala Sitharaman on August 30 announced merger of 10 banks into four entities.
RBI decides to review minimum balance norms for savings bank accounts, RBL Bank dips on asset quality concerns and other key developments from the banking sector last week
The consolidation will bring down the total number of public sector banks to 12 from 27.
The bank presently holds 74 percent of SBI Cards and hopes to raise Rs 5,000-6,000 crore from a partial stake sale
It has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.
Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019, after these latest injections, to sufficiently meet minimum capital standards.
In September 2018, the Alternative Mechanism, headed by Union Minister Arun Jaitley, gave in-principle approval for the merger of the three banks to create a global-sized lender.
During his interaction with the chief executive officers (CEOs) of the state-owned banks, Das highlighted the importance of public sector banks (PSBs) for the economy at all times and especially at the current juncture in helping meet broader economic goals.
In PSBs, 95 percent of GM level employees, 75 per cent of Deputy GM level employees, and 58 percent of Additional GM level employees will retire in 2019-20
During the first half of FY19, the losses of PSBs widened to over Rs 30,000 crore from the Rs 4,500 crore in the corresponding period one year prior.
Sakshi Batra does a 3 point analysis on whether recapitalisation is a panacea to resolve the key issues dogging Indian banks.
The amount infused will help the banks meet regulatory capital requirement, and its disbursement might take place before December 31, sources said.
Earlier in the day, the government sought Parliament's approval for infusion of an additional Rs 41,000 crore in the state-owned banks through the second batch of Supplementary Demands for Grants.
Reserve Bank governor Shaktikanta Das on Wednesday met more state-run bankers to discuss the issues related to relaxing the prompt corrective action (PCA) framework, liquidity and credit flows to MSMEs, bankers said.
In this round of fund infusion, most of the banks would be getting growth capital for expanding their lending, particularly to micro, small and medium enterprises
The meeting, which is the second of its kind since April, is a part of the annual financial performance review exercise conducted for all public sector banks
Most of the problems in the banking sector are due to operational issues rather than ownership issues, he said at the banking conclave organised by the Centre for Economic Policy Research (CEPR).
The government wants to prevent any default on interest payments by public sector banks, because it will result in credit rating downgrade
The rising risk aversion indicates that sourcing credit for issuers who are rated below 'A' is increasingly becoming difficult, an India Ratings report said today.