Adopt integrity pact to check graft: CVC tells banks, FIs
The concept of Integrity Pact (IP) envisages an agreement between the prospective vendors or bidders and the buyer committing the persons or officials of both the parties not to exercise any corrupt influence on any aspect of a procurement contract.
Feb 27, 2015, 15:06 PM IST
Bank strike called off; unions, IBA agree on 15% wage hike
Employee unions of public sector banks Monday withdrew their strike call following an agreement with the management on 15 percent wage hike.
Feb 23, 2015, 17:51 PM IST
Poor show by SBI, 13 others in installing new ATMs: FinMin
The government had given a target to the 27 state-owned banks to set up 19,994 ATMs in the current fiscal and by December end they have managed to cross the halfway mark (10,511).
Feb 22, 2015, 13:15 PM IST
Arun Jaitley to meet heads of PSU banks on Mar 5
Finance Minister Arun Jaitley will meet heads of public sector banks on March 5 to review credit offtake as well as the progress made under the Jan Dhan Yojana.
Feb 17, 2015, 19:34 PM IST
PSU banks will have to access market to meet cap adequacy: Moody's
PSU banks will have to raise funds from the capital market to meet capital requirement norms in absence of adequate financial support from the government in the forthcoming Budget, rating agency Moody's said today.
Feb 16, 2015, 16:12 PM IST
Bank unions want FM to step in to resolve wage hike issue
Days ahead of a proposed strike by PSU banks' employee unions, a top union leader on Saturday sought the intervention of Finance Minister Arun Jaitley to resolve the over two-year-old wage hike issue.
Feb 14, 2015, 18:56 PM IST
Private banks lag behind PSU lenders in opening Jan Dhan a/c
Private sector banks are way behind their PSU peers when it comes to opening financial inclusion accounts under the Prime Minister's Jan Dhan Yojana, with just about 30 lakh in over four months.
Jan 11, 2015, 15:33 PM IST
'Govt's disinvestment in banks doesn't comply with international norms'
The central government's move to reduce its shareholding in public sector banks to 52 percent may not meet their capital needs under new international norms, a top official said here Saturday.
Jan 10, 2015, 16:29 PM IST
State-owned banks must revamp how employees are assessed: RBI
India`s state-owned banks need to revamp the process by which they determine employees` performance for better utilisation of talent, a deputy governor of the central bank said on Saturday.
Jan 10, 2015, 15:43 PM IST
Bank unions defer proposed strike on January 7
Public sector bank employee unions have defered their one-day strike, proposed for Wednesday.
Jan 06, 2015, 19:36 PM IST
PSU bank unions defer one-day strike
Employee unions of public sector banks on Tuesday deferred their proposed one-day strike on January 7.
Jan 06, 2015, 19:00 PM IST
Take all commercial decisions without fear: Arun Jaitley to PSU banks
Finance Minister Arun Jaitley on Monday called on public sector banks to take all commercial decisions without any fear or favour.
Jan 05, 2015, 15:51 PM IST
After Rajan, PSU banks' heads now question farm debt waivers
Last month, the RBI Governor had said that debt waiver schemes have constrained flow of credit to farmers.
Jan 04, 2015, 16:34 PM IST
Govt to protect commercial decisions by PSU banks: Jaitley
Finance Minister Arun Jaitley on Saturday assured bankers that government was ready to protect their commercial decisions as "risks have to be taken" by them.
Jan 03, 2015, 20:45 PM IST
Govt committed to fiscal consolidation: Sinha
Asserting the government is committed to fiscal consolidation, Minister of State for Finance Jayant Sinha on Saturday said the quality of figure was important and hinted at not resorting to massive expenditure cuts.
Jan 03, 2015, 14:34 PM IST
India needs reforms in banking sector, more autonomy for state banks: Arun Jaitley
India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on Saturday on the sidelines of a two-day banking retreat.
Jan 03, 2015, 12:59 PM IST
Gyan Sangam: Modi to brainstorm with bankers on PSB reforms
Also efforts would be to seek "out of box" ideas from prominent experts and from top level managers attending the retreat.
Jan 03, 2015, 09:01 AM IST
Gyan sangam: PM Narendra Modi to meet bankers, regulators today
Prime Minister Narendra Modi will on Saturday meet top bankers, insurers, financial sector regulators and Finance Ministry officials, who assembled here on Friday for a two-day "retreat" to discuss plans for revitalising the banking sector.
Jan 03, 2015, 07:35 AM IST
Gyan Sangam: Bankers hold extensive discussions to draw reform blueprint
Inaugurating the meeting, Minister of State for Finance Jayant Sinha said the bankers should provide suggestions which could lead the economy to 7-8 percent sustainable and non-inflationary GDP growth.
Jan 02, 2015, 20:05 PM IST
Be commercially viable, socially responsible: Sinha to banks
Reflecting the government's pro-poor and pro-business approach, Minister of State for Finance Jayant Sinha on Friday asked PSU banks to be socially responsible while ensuring their commercial viability.
Jan 02, 2015, 19:34 PM IST
