As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
After being sidelined with an injury since the Paris Games, accomplished boxer Nikhat Zareen is now determined to make a strong comeback and aims to be competition-ready by May.
The IOC says the IBA is a discredited organisation, mired in financial opaqueness and compromised by ties to the Russian leadership.
Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).
The two boxers had failed gender tests at World Championships in New Delhi last year
Imane Khelif, who is in the spotlight for failing a gender eligibility test at a tournament last year, progressed to the Olymoics welterweight quarter-finals.
The Boxing Federation of India (BFI) is conducting the men's national championships in Bareilly in 10 weight categories
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
The unions also made a case for introduction of cluster or hub banking, identifying few branches of each bank in each locality so as to enable bank employees to work on rotation.
Young Indian boxer Krisha Verma won the gold in the women's 75kg category while five other signed off with silver medals at the inaugural U-19 World Championships organised by World Boxing in Colorado, USA.
Coaching crisis, heartbreaks and Olympic setbacks mark a disastrous year for Indian boxing
Electing Union Bank of India chairman V Leeladhar as the new chief, the Indian Banks Association on Thursday said it has constituted a committee to draw up a long-term perspective 'Vision Plan' for the banking industry.
The draft digital personal data protection (DPDP) rules, which require banks to obtain explicit consent from their customers before using their data for purposes beyond the original intent, although is being followed in spirit, leaves no room for regulatory arbitrage, experts said. They said that the potential business impact is difficult to assess at this stage, but the formalisation of these rules will mean banks now need to establish clear data processing agreements with third-party entities to ensure compliance.
Father of controversial Algerian boxer Imane Khelif says he is honoured by his daughter
Imane Khelif beat Hungary's Luca Anna Hamori by unanimous decision in a welterweight quarter-final fight at the Paris Games on Saturday to ensure Algeria's first Olympic boxing medal since 2000.
Taiwan's double world champion Lin Yu-ting, one of two boxers at the heart of a gender row, won her featherweight round of 16 bout against Uzbekistan's Sidora Turdibekova
Algeria's Imane Khelif, a silver medallist at the 2022 World Championships, and Taiwanese boxer Lin Yu-ting have been in the spotlight at the Paris Games amid a gender dispute that has dominated headlines.
It wasn't her day, acknowledged Indian boxer Nikhat Zareen dwelling on her shocking medal-less Olympic campaign but asserted that she would be back stronger with the help of a personal coach that she is currently trying to find.
Imane Khelif, the boxer at the centre of a gender dispute, beat Thailand's Janjaem Suwannapheng by unanimous decision in a Women's 66kg welterweight semi-final at the Paris Games on Tuesday to progress to the final at Roland Garros.
The Indian Banks' Association (IBA) on Friday asked Reserve Bank to allow home-grown banks to set up intermediate holding companies for raising capital for their insurance, asset management and allied businesses.
Boxing is part of the Paris 2024 Olympics but the qualification bouts and the competition are being run by the IOC and not the IBA, as was the case in Tokyo.
Asserting that the non-performing assets in the banks have been contained, bankers on Tuesday said that they were monitoring it on a constant basis.
The International Olympic Committee executive board on Wednesday recommended withdrawing recognition of the International Boxing Association (IBA).
In order to boost its deposit base, State Bank of India (SBI) is focusing on various segments, including JanDhan account holders, trusts, societies, and the segment below the affluent class but above the normal account holders. According to Ashwini Tewari , managing director, SBI, the bank is focusing on three broad segments. One is wealth banking, where the bank is focusing on individuals who perhaps do not qualify for private banking but are above regular accounts and require individual attention.
Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.
The Indian Banks Association has suggested certain alternative proposals on pension after meeting the representatives of United Forum of Bank Unions, general secretary of the All India Bank Officers' Association R J Sridharan said.
Following the conflict, Israel has banned the entry of Palestinian workers. The departure of several thousand other foreign workers, the Israeli construction industry has been facing a deep crisis.
In the men's section, Sahil (75kg) and Hemant (80+kg) added silver medals to the Indian tally after going down 0-5 in their respective finals.
The ongoing Women's World Boxing championships was hit with controversy after two boxers were disqualified just hours before their bout.
Two-time world champion Nikhat Zareen (50kg) bowed out of the Olympic Games after a shock defeat to Asian Games gold-medallist Wu Yu of China on Thursday.
IOC raises prospect of boxing being pulled from Paris Games
Indian Banks' Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario.
A total of 11 countries are boycotting the championships due to the inclusion of Russian and Belarusian boxers.
While asking all members to fall in line and lower interest rates on bulk deposits, Indian Banks' Association on Monday said further reduction in term deposits rates for retail customers will depend on a fall in inflation.
'It's a debatable topic, and we will submit our comments to the RBI by June 15.'
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