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Bank employees and officers’ unions of public sector banks have deferred the proposed three-day strike after banks raised the wage hike offer to 15 per cent from 12.5 per cent earlier. The strike had been called by the constituents of United Forum of Bank Unions (UFBU), the umbrella body of...
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March 1, 2020 Loknath Das
Banking
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Unions claimed that about 10 lakh staff and officers of public sector banks and some private sector banks are participating in strike. Services of public sector banks were impacted on Saturday as nation-wide strike by employee unions entered its second day. The strike call has been given by...
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February 1, 2020 Loknath Das
Banking
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Indian and foreign banks should exploit Islamic banking’s untapped potential to ensure the financial inclusion of “unbanked” populations excluded by the existing financial system, several experts have said. Islamic banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. “Research shows...
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November 3, 2019 Loknath Das
Banking
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Maintaining a good credit score is crucial for obtaining bank loans and those failing to maintain optimum score are likely to be turned down. It will now become even more crucial for individuals to maintain good credit score. Some banks, which have already linked Reserve Bank of India’s...
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October 11, 2019 Loknath Das
Banking
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Frauds worth Rs 32,000 crore rattle 18 public banks within three months, reveals RTI Atotal of 2,480 cases of fraud involving a huge sum of Rs 31,898.63 crore rattled 18 public sector banks in between April and June this year, an RTI query has revealed. The country’s largest...
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September 9, 2019 Loknath Das
Banking
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KOLKATA: The role of two central bank nominees to the board of Lakshmi Vilas BankNSE -2.68 % would be in focus on Friday when the highest policy-making group at the lender meets to possibly consider a merger with a non-banking finance company (NBFC). An approval from the two nominees –...
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March 8, 2019 Loknath Das
Banking
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