Banking operations News

The strike was postponed last month due to the third wave of Covid-19 and state assembly elections. A combined forum of central trade unions announced a two-day strike in November 2021 to protest government policies. The statement went on to say that preparations for the strike had begun in numerous areas and sectors.

In H1 2021-22, banks saw 1,802 reported cases of frauds amounting to Rs 35,060 crore which were related to advances. In terms of deposits, the number of reported cases of frauds stood at 208 of an amount involving Rs 362 crore, the report said. In the financial year 2020-21, the reported number of cases of frauds declined to 7,363 (Rs 1,38,422 crore) from 8,703 cases (Rs 1,85,468 crore) in 2019-20, it said.

Banking operations across the country are expected to take a hit during Christmas. Bank unions have called for an all India strike on December 21 and December 26. Watch this video to know more.

Banking operations across the country were hit on Tuesday as over 10 lakh bank employees in more than 1,30,000 branches pan-India struck work -- protesting against reforms in the banking sector among other issues -- thereby affecting cheque-clearing activity.

Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike today to protest against the government's proposed consolidation move, besides raising other demands.

Banking operations at IDBI Bank may be impacted on Tuesday as a section of its employees have given a strike call to press for their wage related demand.  

Jaitley said that about 650 India Post Payments Bank branches will be opened by September this year and that will have a multiplier impact as far as banking in India is concerned.

The country`s largest private lender ICICI Bank here on Thursday became the first bank in India to deploy `software robots, that emulate human action, in its over 200 business processes, thereby reducing the response time to customers by up to 60 percent.

Banking operations are likely to be hit Friday as employees of six public sector banks have decided to join the stir that has been called by central trade unions to protest against "anti-labour policies" of the government.  

Services at around 80,000 bank branches in the country were hit Friday as employees of public sector banks went on a one-day strike to protest proposed merger of SBI associates with the parent and other issues.

Know why PSU bank employees went on strike on Friday

Public sector bank employees will go on strike on Friday to protest against the proposed merger of associate banks with SBI and banking reforms.

Normal banking operations may take a hit as public sector bank employees will go on strike Friday to protest against the proposed merger of associate banks with SBI and banking reforms announced by the government.

Promising financial autonomy to PSU banks, Finance Minister Arun Jaitley on Wednesday asked heads of public sector lenders to take commercial decisions without fear or favour.

Bandhan Financial Services, a micro finance institution (MFI), will initially focus on taking deposits after transforming itself into Bandhan Bank.

The launch of Tencent`s private bank marks a gradual opening of China`s closely guarded banking sector that is currently dominated by state giants.

Services at ATMs of all the banks were normal, barring a few cases where the machines ran out of cash.

As it readies to convert itself into a full-fledged bank, IDFC has said it will be hiring around 1,500 professionals in the run-up to the launch.