The Supreme Court has refused to entertain pleas against the Kerala High Court order dismissing petitions challenging the Travancore Devaswom Board's decision to conduct a global conclave of Ayyappa devotees.
The All India Bank Employees Association had called for a strike on June 24,
The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business.
Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said.
With the addition of the seven banks - South Indian Bank, Karur Vysya, State Bank of Hyderabad, State Bank of Bikaner, State Bank of Travancore, State Bank of Mysore, and Punjab and Sind Bank - the number of banks allowed to import the precious metals now stands at 30.
Finance secretary Rajiv Kumar was positive in formation of a committee consisting all concerned to address the issues arising out of the proposed merger of 10 banks including preserving the identity of all the banks.
The State Bank of Travancore has suspended 'Raghav Rajan', the probationary officer working with them and said to be Bitti Mohanty, convicted in the 2006 German woman rape case and now in police custody seven years after he jumped parole.
The Reserve Bank has asked the public to pay their income tax dues well in advance so as to avoid standing in long queues and stated that 29 agency banks are also authorised to accept such payments.
Country's biggest lender State Bank of India had proposed merger of five associate banks.
As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank. Following this merger, PNB will become second largest after the SBI, Canara Bank fourth, Union Bank of India fifth and Indian Bank seventh biggest public sector lender.
Employee integration and branch rationalisation are major challenges.
'SBT's merger with SBI could lead to closure of several branches and hurt employment opportunities.'
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
vIn its effort to tackle the impacts of climate change in Kerala, the Communist Party of India-Marxist-led government has launched an ambitious project to improve the green cover of over 3,000 temples being managed by five devaswom boards under its control.
State Bank of India is also expected to tap the markets this year
While a total of 4,987 officers would be recruited for associate banks of SBI, as many as 206 officers would be hired for State Bank of India itself.
We do not expect any major price action at SBI counter as the swap ratio being largely neutral
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
The all India strike would be observed by employees of State Bank of Patiala, State Bank of Travancore, State Bank of Mysore, State Bank of Hyderabad, State Bank of Indore and State Bank of Bikaner and Jaipur.
It's going to be a four-day weekend for the officers of five associate banks of SBI - State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Bikaner and Jaipur.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Rajnish Kumar was on Wednesday appointed the new chairman of the largest public sector bank, State Bank of India (SBI), replacing Arundhati Bhattacharya who completes her one-year extended term on Friday.
'Consolidation was part of the Indradhanush package.'
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
The Nigerian striker scored the only goal of the match against State Bank of Travancore in the National Football League.
SBI might present the first result for the combined entity at the end of the first quarter of 2017-18
Balakrishnan, who filed his nomination from Thalassery assembly constituency in Kannur district, declared that he has Rs 36.20 lakh worth assets and his wife Rs 40.45 lakh.
All shares held by SBI in the five associate banks will stand cancelled after merger.
The endless wait to get valid currency notes was also taking a toll on people waiting for hours in long queues as there were reports of many elderly people collapsing out of fatigue.
The operating income of the bank fell by 5.17 per cent to Rs 25,612 crore during April-June quarter of 2017-18
The consolidated entity can target good growth FY18 onwards, analysts say.
The ED was investigating the case for the alleged contravention of the Foreign Exchange Act (FEMA) in transferring over Rs 243 crore out of the country to host the 2009 IPL in South Africa.
Dempo SC began their 30th Federation Cup campaign in style, thrashing State Bank of Travancore (SBT) 3-0 in a one-sided affair at the Vidyasagar Krirangan in Kolkata on Thursday.
Over the next fortnight the country's top 16 teams, which includes 12 second division I-League clubs, will vie for honours in the Federation Cup, in Kolkata and Barasat.
Their third win improved their chances of a berth in the Second Division NFL super league.
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