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Hyundai launches special discount for government employees

Last Updated: Saturday, June 28, 2014, 19:21

Hyundai Motor India has started a scheme to give central and state government employees a special discount on purchase of its vehicles.

All profit can't be used to pay higher wages: FM to bank staff

Last Updated: Monday, February 10, 2014, 15:34

As public sector bank employees started a two-day strike today seeking higher wages, Finance Minister P Chidambaram said the profit of banks cannot be used only to enhance salaries because there are other obligations.

Air India likely to sell four flats to a national bank

Last Updated: Monday, January 13, 2014, 19:46

National carrier Air India is in the final stages of striking a deal with a leading public sector bank for selling four flats at the posh Sterling Apartments on the Peddar Road in South Mumbai.

Indian Bank revises FCNR (B) interest rates

Last Updated: Wednesday, October 02, 2013, 16:51

Indian Bank on Wednesday announced revision of its interest rates for foreign currency non-resident (banking) deposits with immediate effect.

PSU bank employees unions call off Sep 25 strike

Last Updated: Tuesday, September 24, 2013, 15:46

Banks will function normally as a section of public sector bank employees who had threatened to go on strike Wednesday have deferred it following assurance from the government that there is no plan for merger of banks at present.

PSBs claim from borrowers of Rs 1 cr and more at Rs 68k cr

Last Updated: Sunday, March 17, 2013, 18:11

They said 7,295 individual borrowers or companies, who took loans of Rs 1 crore and above, had an outstanding of Rs 68,262 crore from about 27 public sector banks as of March, 2012.

Bank manager arrested in multi-crore scam

Last Updated: Thursday, August 23, 2012, 15:49

The branch manager of a public sector bank was arrested for his alleged involvement in a multi-crore scam in the Uttar Pradesh social welfare department, police said on Thursday.

Bank strike: Services crippled, unions protest reforms

Last Updated: Wednesday, August 22, 2012, 08:59

Normal banking operations, including cash transactions, cheque clearances, foreign exchange dealings were affected.

Bank unions to go on two-day strike from Wednesday

Last Updated: Tuesday, August 21, 2012, 09:36

The United Forum of Bank Unions (UFBU) has decided to go ahead with the two-day strike in support of its demand as the reconciliation talks called by Chief Labour Commission in the morning have failed.

Bank unions plan strike on August 22-23

Last Updated: Thursday, August 16, 2012, 18:56

A section of public sector bank employees plan to go on a two-day strike on August 22-23 to protest the proposed reforms in the banking sector and outsourcing of jobs.

BoB overtakes PNB as second most profitable public sector bank

Last Updated: Sunday, May 13, 2012, 12:20

State-owned Bank of Baroda (BoB) has pipped PNB to become the country's second largest public sector lender in terms of annual profit.

PSU bank NPAs up 51% to over Rs 1 Lk cr

Last Updated: Tuesday, March 20, 2012, 16:26

Public sector banks' gross bad debt jumped over 51 percent to a whopping Rs 1,03,891 crore in 2011, Minister of State for Finance Namo Narain Meena said on Monday.