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Bank unions meet Jaitley, press for early wage revision

Last Updated: Friday, June 27, 2014, 18:51

The delegation informed that more than 10 rounds of discussions have taken place between bank management and UFBU so far on the issue but IBA is delaying the settlement.

RBI allows bank branches abroad to sell structured products

Last Updated: Monday, May 12, 2014, 20:44

Easing norms for functioning of overseas branches of Indian banks, the Reserve Bank has permitted them to offer structured financial and derivative products, a move that would help in improving their income.

Domestic banks well-positioned to cope with tapering: Moody's

Last Updated: Tuesday, April 08, 2014, 19:19

The country's banking system is well-positioned to cope with the financial impact of the reduction in monetary stimulus by the US Federal Reserve and the resultant rise in interest rates, according to global rating agency Moody's Investors Service.

IBA wants free use of other-bank ATMs to end in metros

Last Updated: Friday, March 14, 2014, 18:38

The issue of charging customers for ATM usage has become into a very vexed one, ever since banks were asked by state governments to place armed guards at all the ATMs after a brutal attack on a customer in Bangalore last November.

All-India banks on 2-day strike from Monday

Last Updated: Sunday, February 09, 2014, 19:36

Banking services in the country would be hit from Monday, with staff of both public and private sector banks planning a two-day strike against the proposed banking sector reforms and for immediate revision in wages.

IBA issues advisory to banks on use of Windows XP

Last Updated: Monday, February 03, 2014, 23:59

Banking industry body Indian Banks Association (IBA) has issued an advisory to banks to ensure business continuity after Microsoft ends support for its popular Windows XP operating system on April 8, 2014.

Bank unions threaten to go on two-day strike from Feb 10

Last Updated: Monday, January 27, 2014, 18:40

Dissatisfied with the wage hike offer made by Indian Banks' Association (IBA), public sector lenders' employee unions on Monday threatened to go on a two-day strike from February 10.

RBI sets up panel to review governance of bank boards

Last Updated: Monday, January 20, 2014, 22:45

It will also investigate possible conflicts of interest in board representation, including among owner representatives and regulators.

All India Banks strike postponed: UFBU

Last Updated: Friday, January 17, 2014, 16:03

The proposed two-day all-India strike by bank employees from January 20 was on Friday postponed after "positive" crucial bilateral talks between managements and unions on wage revision and other demands, a top office-bearer of United Forum of Bank Unions (UFBU) said.

RBI to examine proposal for limiting free ATM transactions

Last Updated: Sunday, January 12, 2014, 19:11

The Reserve Bank will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks' Association, in an effort to cut down on cash transactions in the economy.

PSU bank employees to go on 2-day strike from Jan 20

Last Updated: Sunday, January 05, 2014, 16:24

Operations at all the public sector banks and regional rural banks are likely to be affected for two days from January 20 as the United Forum of Banks Unions has given a strike call, demanding wage revision as well as the resolution of certain other issues.

Moody's maintains negative outlook on Indian banks

Last Updated: Monday, November 18, 2013, 15:10

International rating agency Moody's on Monday maintained its negative outlook on the country's banking sector, citing worries over asset quality and overall economic growth prospects.