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Bank unions to go on strike on Wednesday

Last Updated: Tuesday, December 17, 2013, 20:02

Operations at public sector banks are likely to be hit Wednesday with the trade unions observing a one-day strike to press for wage revision and other demands.

RBI directs PSU banks to give loans to women groups at 7%

Last Updated: Tuesday, November 19, 2013, 19:51

The Reserve Bank Tuesday directed public sector banks to provide credit to women self help groups at a rate of 7 percent per annum so as to get the benefit of interest subvention scheme under the Swarnajayanti Gram Swarozgar Yojana Aajeevika (SGSY) scheme.

PSBs open 11,887 branches, recruit over 1.72 lakh in last 3 FYs

Last Updated: Tuesday, March 12, 2013, 16:38

Public sector banks (PSBs) opened 3,719 branches in 2009-10; 3,506 branches in 2010-11; and 4,662 branches in 2011-12, Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha on Tuesday.

Bankers seek slew of tax incentives in next Budget

Last Updated: Tuesday, January 08, 2013, 23:01

Bankers have demanded tax sops like increasing the TDS limit on fixed deposit to Rs 25,000, incentives for investment in infrastructure bonds and a reduction in the lock-in period for tax saving deposits to three years.

FinMin asks banks to review non-core operations

Last Updated: Sunday, January 06, 2013, 12:46

"We also want banks to look at their non-core area operation. Some of the banks have gone into non-core areas," a senior Finance Ministry official said.

PSBs to get interest subsidy of 2% on farm loan: RBI

Last Updated: Friday, September 28, 2012, 21:00

The Reserve Bank Friday said all public sector banks will get an interest subsidy of 2 percent per annum against short term production loan up to Rs 3 lakh to farmers.

IDBI Bank aims to be among top five in the country

Last Updated: Saturday, April 28, 2012, 17:00

State-owned IDBI Bank has set its eye to be among the country's top five banks in terms of business in the next couple of years, a top bank official today said.

Govt committed to adequate capital to PSBs: Pranab

Last Updated: Monday, January 23, 2012, 00:24

So far 49,000 villages had been covered, he said and laid stress on regulated system to avert any crisis.

Disclose top 100 loan defaulter businessmen: CIC to RBI

Last Updated: Wednesday, November 16, 2011, 15:39

The Central Information Commission has directed the Reserve Bank of India to make public the names and other details of top 100 industrialists of the country who have defaulted on loans from public sector banks.