Bank unions on Friday deferred their two-day nationwide strike beginning Monday after they received positive assurance from both the finance ministry and the IBA on their demands, including a five-day work week and adequate recruitment in all cadres. The strike call for March 24 and 25 was given by United Forum of Bank Unions (UFBU), an umbrella organisation of nine bank employees' association.
India Inc, which is sitting on cash balances of 13.5 trillion, is using the funds to meet capital expenditure as well as brownfield expansion, resulting in 'anaemic' demand for bank loans, State Bank of India (SBI) chairman CS Setty said at an event on Monday. He added that a slowdown in corporate credit is mainly due to lack of demand.
The IOC last month granted provisional recognition to World Boxing in a major step towards the sport's inclusion in the LA Games and Thursday's decision ensured the sport's Olympic presence would continue.
The United Forum of Bank Unions (UFBU) on Thursday said its two-day nationwide strike on March 24 and 25 will be observed as scheduled since discussions with the Indian Banks' Association (IBA) over key demands failed to yield any positive outcome. In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek.
'The publication of such rumours is intended solely to disrupt and damage my sporting and professional career.'
As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
A gender row involving two female boxers at the Paris 2024 Olympics was the result of a Russian fake news campaign, said International Olympic Committee (IOC) president Thomas Bach.
'I would have quit if I'd have won Paris Olympic medal'
Imane Khelif, who won Paris Olympics boxing gold amid a gender-eligibility row, is determined to defend her title at the 2028 Los Angeles Games
World Boxing was launched in 2023 and has now 78 members across five continents.
The International Boxing Association (IBA) urged its national federations on Monday to join legal action in Switzerland against what it called the "abusive behaviour" of Olympic organisers.
World Boxing, launched in 2023, has 55 members and is looking to fill the void left by the IBA.
Boxing's already uncertain Olympic future was thrown into further jeopardy after the sport's Asian governing body voted against leaving the suspended International Boxing Association (IBA) to join the rival association.
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 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.
Two-time Asian champion boxer Pooja Rani is contemplating a move down to the 70kg weight class as she targets a comeback for the 2028 Los Angeles Games.
The number of frauds in the banking sector increased over four times in the past five years to 36,075.
The boxing competition at the Paris Olympics is being run by the IOC after it stripped the International Boxing Association (IBA) of recognition last year over its failure to implement reforms on governance and finance.
The Asian Boxing Confederation last month decided to stay with the IBA.
The IOC says the IBA is a discredited organisation, mired in financial opaqueness and compromised by ties to the Russian leadership.
World Boxing said Paris Olympics gold medallist Imane Khelif will not be allowed to compete until she undergoes a mandatory sex test.
The two boxers had failed gender tests at World Championships in New Delhi last year
India is set to host the World Boxing Cup Final in November next year, reaffirming its support for the breakaway World Boxing (WB) body.
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).
Olympic medallist Vijender Singh has called for greater international exposure for Indian boxers to boost their 2028 Los Angles Games medal hopes while also urging fresh and fair elections in the BFI to strengthen its governance. He believes that more international competition and a strong federation are crucial for Indian boxers to succeed at the upcoming Olympics.
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 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.
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 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.
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.
Father of controversial Algerian boxer Imane Khelif says he is honoured by his daughter
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.
The Boxing Federation of India (BFI) is conducting the men's national championships in Bareilly in 10 weight categories
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
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
