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Back to Basics: Way forward for Indian Banks
In a mixed economy and transitional society such as ours we need both players to take the economy forward
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Employees of PSBs go on a two day strike
In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs)
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End-user lending rates fall to 5-year low in September: Report
Because of government schemes targeted at increasing liquidity for small businesses, loan disbursements have surged.
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Banks disburse Rs 11,168-crore loan in credit outreach programme
Banks sanctioned loans through 924 camps hosted in 405 districts from October 16-20 as part of the government's nationwide credit outreach initiative.
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Government begins process for filling posts of independent directors in PSBs
It is mandatory for every listed public company to have at least one-third of the total number of directors as independent directors
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Rural banks: Digital gambit
While the finance minister wants banks to increase rural footprint, reaching unbanked areas digitally offers a low-risk option for the banks.
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For wider financial inclusion, banks should embrace digitisation: FM
During the Covid crisis, the government was able to distribute Rs 15,00 in three installments to the poor into their bank accounts.
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Banks to be closed for 4 days in these cities, check here
Bank Holidays Sept 2021: The major holiday of the month is Ganesh Chaturthi which starts on September 10
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Moody’s sees 50% hike in NPAs of public sector banks in next two years
Retail and SME loans are particularly vulnerable as Covid-19 has hit the income of households and small businesses.
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Family pension: A look at how many bank employees will benefit
The government also hiked the contribution of public sector banks for employee pensions under NPS to 14% from 10% earlier.
