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  FM Nirmala Sitharaman to meet bankers on loan recast on Thursday

  Business | August 30, 2020 16:10 IST

  The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs.

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  Bankers blame rising inflation for RBI holding rates

  Business | December 05, 2019 20:07 IST

  The RBI wishes to see the lagged impact of its 1.35 percentage points rate cut till October to play out before moving on the rates further, he said, adding transmission can be faster now as banks chase the fewer people who are queuing up for loans given the economic gloom.

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  10 lakh bankers to strike work on December 26 against mergers

  India | December 20, 2018 23:41 IST

  With the failure of conciliation talks, about 10 lakh bankers in private and government banks will go on strike on December 26 protesting against the merger of Bank of Baroda, Dena Bank and Vijaya Bank, the All India Bank Employees Association (AIBEA) said on Thursday.

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  A year on, bankers say note ban has been good for them

  Business | November 06, 2017 20:53 IST

  On November 8 last year, the Modi government demonetised Rs 500 and Rs 1,000 notes as part of its drive against black money, counterfeit notes and corruption.

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  Shut down SBI branches till cash flow improves, says bankers' union

  January 12, 2017 17:41 IST

  All India Bank Officers Confederation (AIBOC) has asked the State Bank of India (SBI) to shut down its branches till the supply of cash gets normalised.

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  Rs 8 lakh in exchange of Rs 10 lakh in old currency: Corrupt bankers turn ‘cash crunch’ into an opportunity

  November 22, 2016 12:22 IST

  Enforcement authorities have found that corrupt bank managers are allowing backdoor note exchanges and are charging a commission while at it.

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  Demonetisation of Rs 500 and Rs 1,000 notes: Bankers, industry hail move

  November 09, 2016 0:05 IST

  Bankers and industry leaders on Tuesday welcomed the move to demonetise the Rs 500 and Rs 1,000 notes as a bold and revolutionary step.

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  Three of India’s top women bankers on Fortune's 2016 list of Most Powerful Women outside US

  September 13, 2016 14:10 IST

  Three of India's top women bankers, SBI chief Arundhati Bhattacharya, ICICI head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the Fortune's 2016 '50 most powerful women' based outside the US. The list

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  Bankers to strike work on January 8

  December 28, 2015 12:56 IST

  Chennai: Around 340,000 bank employees across the country would strike work on January 8 to protest the violation of bilateral settlement by the five associate banks of the State Bank of India (SBI), a top

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  This time, RBI may cut rate to spur investment: Bankers

  June 01, 2015 14:49 IST

  New Delhi: Thanks to benign inflation and better fiscal numbers, bankers and industry leaders expect RBI to lower its key policy rate tomorrow to support economic activity and boost investment.The wholesale inflation hit a new

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  Bankers revoke strike after alternate offs on Saturdays and wage hike

  India | February 24, 2015 8:09 IST

  New Delhi: Employee unions of public sector banks on Monday withdrew their strike call following an agreement with the management on 15% wage hike. "In today's talks, wage revision settled at 15% with effect from

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  Journey ahead in Pradhan Mantri Jan Dhan Yojana difficult: Narendra Modi to bankers

  October 08, 2014 7:03 IST

  New Delhi: Five weeks after launching the ambitious Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi on Tuesday asked bank officers and staff to undertake ‘mid-course corrections required' as the ‘journey is bound to

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  Bankers say, lending rates to remain high in near term

  March 24, 2013 18:00 IST

  Mumbai, Mar 24 : Borrowers troubled by elevated interest rates will have to wait for a bit longer for relief as bankers have virtually ruled out any immediate cut in the lending rates, citing high

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  Bankers concerned over Kingfisher losing licence

  October 20, 2012 21:48 IST

  Mumbai, Oct 20: Kingfisher lenders, including SBI, today expressed concerns over the airline losing its licence to fly, but said recovery of loans through sale of its assets is the last option.“... we are concerned