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Tag Archives: banks

Scan Steels enters into OTS with three banks

Scan Steels has entered in One Time Settlement (OTS) with three Lender Banks among consortium members namely IDBI Bank, Bank of India and Central Bank of India. The company has made full and final payment under OTS/NS Scheme with IDBI Bank for Rs 23 crore, Bank of India for Rs ... Read More »

Centre proposes amalgamation of 3 public sector banks

The centre has proposed an amalgamation of state-owned Bank of Baroda, Dena Bank and Vijaya Bank to create India’s third largest public sector bank. The alternative mechanism under Finance Minister Arun Jaitley has advised the boards of the three banks to consider the proposal. The new amalgamated bank will be ... Read More »

PM Modi to launch India Post Payment Banks today

IPPB has been envisioned as an accessible, affordable and trusted bank for the common man to help speedily achieve the financial inclusion. It will leverage the vast network of the Department of Posts, which covers every corner of the country with more than three lakh Postmen and Grameen Dak Sewaks.  ... Read More »

Banks to remain open in September first week: Government

The Finance Ministry took notice of a rumour on social media about closure of banks for six days in the first week of September and clarified that the banks and banking activity will continue unimpeded in the week. The Ministry said that Monday, September 3, is not a pan India ... Read More »

Banks Unions Call For Strike For Two Days From May 30

Mumbai: Despite implementing ambitious government policies one after the other including demonetisation, jan dhan yojana, mudra yojana, and Atal Pension Yojana, the employees of various state-run banks were allegedly overlooked during the salary hikes offered by the IBA, a move that compelled them to call for a two-day strike starting May ... Read More »

Govt asks PSU banks to scan all bad debts of above Rs 50 cr

NEW DELHI: The government on Tuesday asked state-run banks to fix operational gaps within 15 days and said lenders must check all bad loan accounts over Rs 50 crore for possible fraud. The latest directive has been sent by Rajeev Kumar, the secretary – department of financial services, after the ... Read More »