Northern Railway won the women's crown in the Surjit hockey tournament.
India are due to be in Islamabad for the tie after the ITF allowed Pakistan the right to host the tie on September 14 and 15.
While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government's policy to privatise the lenders. Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted. United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
The financial sector has been deeply troubled since 2013. It is now in a full-blown crisis, warns Devangshu Datta.
Govt reconstitutes body, says will not interfere in senior PSB appointments
Pakistan Hockey Federation is still awaiting the No Objection Certificate from its government to send its national squad for the Junior Hockey World Cup, to be held in Lucknow from December 8.
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.
Punjab Police beat Punjab and Sind Bank 10-9 in sudden death tie-breaker to lift the DDA Invitational Hockey title.
In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
An executive director of a bank could, for example, be elevated to the post of chairman of a different bank.
Individual banks should break away from the industry pact and have their own settlements with the unions, recommends Tamal Bandyopadhyay.
A dispute between the Pakistan Olympic Association (POA) and the state-operated Pakistan Sports Board (PSB) could threaten the country's participation in London 2012, the head of the POA said on Sunday.
Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.
"The life of a Finance Minister is not easy. Various players, including policy makers, politicians, agriculturists and business houses, participate in the making of the economy."
The government said it will provide capital support of Rs 15,888 crore (Rs 158.88 billion) to public sector banks and financial institutions during the next fiscal to strengthen their capital base.
Among other demands, the unions are also seeking immediate introduction of five-day week in full and reduction of cash transaction hours and regulated working hours.
Bank credit growth declined to 8.5 per cent in January from 13.5 per cent in the year-ago period.
While the environment is not conducive, most of the concerns are factored in and valuations have entered an attractive zone.
As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and the fourth one an economist to head the monetary policy department.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A week after the Reserve Bank of India (RBI) raised key policy rates and asked banks to restrain loan growth as deposit mobilisation remains slow, three state-owned banks responded on Monday by increasing their benchmark lending rates and deposit rates.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
The Pakistan Sports Board on Monday suspended two female athletes, including an Olympian, for two years after they flunked dope tests during a national training camp for the Delhi Commonwealth Games and Asian Games in China later this year.
Banks will also have to seek borrower's status report from Central Economic Intelligence Bureau on the account turning NPA
Banks are also weighing the option of hiring experts for help in specialised areas.
While the CEO of a public sector bank earns an average of Rs 18 lakh per annum, his counterpart in the private sector earns an average of Rs 3.5 crore.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
Forex traders said a stronger dollar also dragged the rupee down.
The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
SBI remains a favourite of most brokerages in the PSB segment.
The single most important issue in Public Sector Banks is corruption.
Bankers said the mammoth task of cleaning up the PSBs and improving their health will be a mammoth task for any chief executive.
Recently, CVC suggested that banks have a monitoring mechanism for bad loan sales to ARCs, with the cash flow statement from stressed assets shared with banks.
If you default, it will affect your credit score and your career.
Branch networks will give preference to pensioners and labourers for withdrawing money.
There is a huge gap in service charges on other factors such as penalty on cheque return.
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
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