Indian Banks' Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario.
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.
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.
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.
The ongoing Women's World Boxing championships was hit with controversy after two boxers were disqualified just hours before their bout.
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.
Officials said the IBA had three major agendas to discuss, the most important being to persuade the unions to accept the new pension scheme, otherwise known as the contributory pension scheme, for new bank employees. Currently, the bank unions are vehemently opposing it since unions of no other sector has accepted it to date.
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.
IOC raises prospect of boxing being pulled from Paris Games
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.
A total of 11 countries are boycotting the championships due to the inclusion of Russian and Belarusian boxers.
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.
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.
Ahead of the Union Budget, the banking sector, through the Indian Banks' Association (IBA), has made recommendations to the Union finance ministry on direct tax, including removing Section 194N of the Income Tax Act. According to Section 194N, tax deduction at source (TDS) has to be done if a sum or sums withdrawn in cash by a person in a fiscal year exceed Rs 20 lakh if no income-tax return (ITR) has been filed for the three previous assessment years, and Rs 1 crore if ITRs have been filed in all the three previous assessment years.
'It's a debatable topic, and we will submit our comments to the RBI by June 15.'
Earlier on Friday, the IOC voiced serious concerns over the amateur boxing world body IBA's ban of the Ukraine National Federation, saying it would conduct a full review at its next meeting in December.
Goof-up at World Championships: Russian anthem played incorrectly.
Naveen and Hussamuddin storm into pre-quarters at IBA World Boxing championships
Check out how India's athletes fared on Day 6, Thursday, August 1, 2024:
Nikhat Zareen and Lovlina Borgohain will look to find their footing in new weight categories with the 2024 Paris Olympic Games approaching.
The Reserve Bank of India on Monday gave banks time till end of December 2023 to complete renewal of agreements for the existing safe deposit lockers of customers. Banks were earlier required to complete the process by January 01, 2023. The central bank has asked them to complete work in phases with intermediate milestones of 50 per cent by June 30, and 75 per cent by September 30.
'Basically, I have hit energy saving mode, indulge my sweet tooth on cheat days, do grocery shopping, listen to music, it helps me stay calm.'
Tokyo Olympics bronze medallist Lovlina's World Championship campaign in the 70 kg category came to an early end after a disappointing loss in the pre-quarterfinals.
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
India won four gold at the IBA Women's World Championships in a depleted field. To put things in perspective, five of the boycotting nations -- USA, Ireland, Canada, Poland and Netherlands -- had finished in the top-10 in the last two editions of the tournament.
Tokyo Olympics bronze medallist Lovlina Borgohain kickstarted her campaign on an impressive note by notching up a thrilling win at the 12th edition of the IBA Women's World Boxing Championships in Istanbul on Monday.
The IBA Women's World Boxing Championships is scheduled to be held from May 6 to 21 in Istanbul, Turkey while the 2022 Commonwealth Games and 2022 Asian Games will begin on July 28 and September 10 respectively.
India's women boxers Nitu (48kg) and Manisha (57kg) advanced to the quarter-finals of the IBA World Championships in Istanbul, after registering contrasting victories on Saturday.
The 24-year from Assam, going by her strategy of using her long hands to reach the opponent from afar, was unable to penetrate Ngamba defence.
In the rematch of last year's quarter-finals, Nitu and Balkibekova went all guns blazing in the first round. However, the Kazakh was dominant and took the round 2-3.
Addressing the 74th Annual General Meeting of the Indian Banks' Association (IBA), she said the industry needs to imagine how Indian banking has to be in the immediate and long-term future. As far as the long-term future is concerned, she said it is going to be largely driven by digitised processes and there is a need for seamless and interconnected digital systems for a sustainable future for the Indian banking industry.
Over 8.5 lakh employees, majorly from public sector banks (PSBs), will get a 15 per cent hike in pay, with the conclusion of the 11th Bipartite Wage Negotiations on Wednesday. After three years of intense negotiations, the UFBU, which represents four bank officer associations and five workman unions, and the IBA on July 22 entered into a memorandum of understanding (MoU) for an annual wage hike of 15 per cent.
Nikhat emerges as India's biggest star in a year filled with historic performances
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.
Nikhat Zareen, Nitu Ghanghas and Manisha Moun marched into the quarterfinals of the IBA Women's World Boxing Championships.
In the ongoing Women's World Boxing Championship, Preeti, Nitu Ghanghas and Manju Bamboriya clinched thumping wins on Saturday.
United Forum of Bank Unions is seeking at least a 15-per cent hike, but the Indian Banks' Association has capped the raise at 12.25 per cent.
Nikhat registered a dominating 5-0 victory, thrashing Thailand's Jitpong Jutamas without breaking a sweat in the 52kg final with judges scoring the bout 30-27, 29-28, 29-28, 30-27, 29-28 in the Indian's favour.
