These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds
Bank unions - officers and workmen - had buried their differences and sat across the table on August 29 to work out a fresh deal with the IBA involving a 20 per cent wage hike.
Interest rate and tenure are not the only two factors to consider.
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
It's not necessary to use only external benchmarks, there are multiple avenues to meet the requirement that the RBI wants, the bank said.
Borrowers haven't heard the last of interest rate hikes, as more banks are preparing to raise lending rates in the days ahead to offset increase in their cost of funds.
For non-callable deposits above Rs 1 crore, the interest rate is only five basis points more than the regular FD.
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
The tri-series, also involving South Africa, is slated to be played from August 14 to 29 in Colombo.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
You cannot do much to ensure that the documents banks take from you before giving a loan do not get damaged
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies. Reliance Home Finance has a debt of Rs 11,500 crore and Reliance Commercial Finance owes Rs 9,000 crore to lenders.
The State Bank of India on Saturday hiked its benchmark prime lending rate by 0.50 per cent from 12.25 per cent to 12.75 per cent.
R N Subramanian, manager-foreign exchange, Canara Bank, will be the new chairman of the Forex Association of India for the current financial year 2004-05
Bank of Baroda on Tuesday said it would increase deposit rates by 25 basis points with effect from either January 27, 2006 or February 1, but would not go for any change in the lending rates.
Rahul Dravid has signed up a three-year deal with Bank of Baroda and would be its Brand Ambassador.
The Dubai branch of Bank of Baroda has been directed by courts in Dubai to pay a sum of over $103,869 to an Indian company in a bank guarantee case.
Moody's has revised to positive the outlook on the long- term ratings of private sector lenders
The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana.
Oriental Bank of Commerce along with Bank of Baroda and Bank of Maharashtra is to form a joint venture in Malaysia, for which they are awaiting Reserve Bank's nod.
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