The final decision of slashing jobs has not been taken yet and the bank is likely to announce the details by July 8
Tag: Bank
No continuous holidays for banks
Chennai: Banks will not remain closed for five consecutive days starting from Thursday, a union leader said on Monday. “The banks will work on March 31 (Saturday) and there is no continuous holidays as per messages in the social media,” D. Thomas Franco Rajendra Dev, General Secretary of the All[Read More…]
A single sentence from the Essar verdict can ruin Urjit Patel’s war against loan defaulters
Even though Raghuram Rajan, former RBI governor, co-wrote the influential 2003 book, “Saving Capitalism From the Capitalists,” it has fallen upon his successor at the Reserve Bank of India to actually attempt such a thing. By the looks of it, Urjit Patel has a hard slog ahead. For now, the[Read More…]
J&K: No cash transactions in banks after a rise in bank robbery cases
After a surge in the cases of bank robberies by alleged terrorists, the J&K government has issued an advisory to the bank to instantly stop cash transactions in at least 40 branches placed in Pulwama and Shopian districts of South Kashmir. The advisory has been issued in the backdrop of[Read More…]
Vijay Mallya fired from United Breweries board
India’s United Breweries has sacked “King of Good Times”, Vijay Mallya from the post of the non-executive chairman role following an order from the country’s market regulator late this Wednesday. The UB Group said the Securities and Exchange Board of India (SEBI) has barred Mallya from holding key managerial roles[Read More…]
Weekly withdrawal limit to rise to 50K
BHIM app users have spent Rs 361 cr so far: Govt
80% farmers suicide due to debt and loans from banks
Latest government data shows that 80 per cent of farmers killed themselves in 2015 because of bankruptcy or debts after taking hefty amount of loans from banks and registered microfinance institutions. Despite us thinking the money-lenders a big reason for the suicides, moneylenders are more flexible than the microfinance sector.[Read More…]
Foreign diplomats to get money from banks on a priority basis
The government has acted upon the complaints by several embassies that their diplomats were running short on cash after demonetisation. Banks have now been instructed to allow foreign diplomats to withdraw money on a priority basis. “The finance ministry is being asked to issue directives to banks to allow embassy[Read More…]