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<strong>Banks</strong> to go on nation-wide strike on August 22 and 23

Banks to go on nation-wide strike on August 22 and 23

19 Aug 2012

All business and commercial activities are likely to be crippled as the entire banking industry employees across the country will go on a country-wide strike on August 22 and 23 against the government policy to privatise the public sector banks.

Bank strike,  bank closed on August 22 and 23,   banks,   Banking Law (amendments) Bill,   privatisation of public sector banks,   Bank Nationalisation Act 1970,   Banking Regulations Act 1949,  
Government to push for consolidation of <strong>public</strong> <strong>sector</strong> <strong>banks</strong>

Government to push for consolidation of public sector banks

05 Apr 2016

New Delhi: The government will push for consolidation of the public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said today.

Banks Consolidation,   Public Sector Banks,   Public Sector Banks Consolidation,   Arun Jaitley,   Latest Business News ,  
PSBs capital needs significantly higher than budgeted: Moody's

PSBs capital needs significantly higher than budgeted: Moody's

22 Jul 2016

New Delhi: Government's Rs 23,000-crore equity infusion will provide some respite to the public sector banks (PSBs), but their capital needs are significantly higher than the budgeted amount, Moody's Investors Service has said.

Public Sector Banks,   Public Sector Banks Capital Budgeted,   Moody Investors Service,   Moody,   Latest Business News ,  
Budget credit negative for PSU <strong>banks</strong>: Moody's

Budget credit negative for PSU banks: Moody's

03 Mar 2016

New Delhi: Moody's Investors Service today said the Budget for 2016-17 is "credit negative" for PSU banks as the capital infusion road map falls short of the required Rs 1.45 lakh crore.

Moody,   Moody on PSU banks,   PSBs in India,   public sector banks,   Moody on public sector banks,   Latest Business news,  
Expert group on consolidation of <strong>public</strong> <strong>sector</strong> <strong>banks</strong> soon: Jaitley

Expert group on consolidation of public sector banks soon: Jaitley

06 Mar 2016

Gurgaon: The government will soon set up an expert group to look into consolidation of public sector banks as the country needs stronger rather than a large number of banks, Finance Minister Arun Jaitley said here today.

Expert on PSU banks,   Consolidation of public sector banks,   Arun Jaitley,   Finance Minister,   Latest Business News,  
<strong>Banks</strong>' Profits Down Due To Provisioning For Bad Loans: Arun Jaitley

Banks' Profits Down Due To Provisioning For Bad Loans: Arun Jaitley

17 Sep 2016

New Delhi: Indian state-run banks have collectively made an operating profit of nearly Rs 35,000 crore this fiscal, but the massive provisioning for bad debts has pared their net profit down to Rs 222 crore, Finance Minister Arun Jaitley said on Friday, adding they had finally turned the corner and reported a cumulative net profit.

Arun Jaitley,   Finance Minister,   Bad loans,   bad debts,   banks profits,   public sector banks,   business news ,  
Bad loans exceed market value of PSU <strong>banks</strong>

Bad loans exceed market value of PSU banks

22 Feb 2016

New Delhi: For every Rs 100 parked in shares of public sector banks, investors carry the burden of Rs 150 as bad loans, which have cumulatively ballooned to Rs 4 lakh crore or 1.5 times the market value of these lenders.

PSU banks,   bad loans,   market value of banks,   Public sector bank,   private sector bank,   Latest Business News,  
<strong>Public</strong> <strong>sector</strong> <strong>banks</strong> to remain closed on second, fourth Saturdays

Public sector banks to remain closed on second, fourth Saturdays

24 Feb 2015

New Delhi: Public sector banks will remain closed on second and fourth Saturdays, according to an agreement reached between apex body of bank managements India Banks Association (IBA) and employee unions.

Public sector banks,   PSU banks,   banks on Saturdays,   IBA,   RBI,   Public sector banks working hours,  
With Stiff Targets, Running Against Time To Implement GST: Arun Jaitley

With Stiff Targets, Running Against Time To Implement GST: Arun Jaitley

07 Sep 2016

New Delhi: Even as India is merging some state-run banks, Finance Minister Arun Jaitley on Wednesday said there was no move to privatise them. He also said the target date of April 1 next year to implement a pan-India goods and services tax regime will be met.

Arun Jaitley,   GST,   Finance Minister on GST,   privatise banks,   GST reform,   public sector banks,   Economic India Summit,   latest nation news ,  
<strong>Banks</strong> delay action against nearly 100 corrupt officers

Banks delay action against nearly 100 corrupt officers

10 Apr 2016

New Delhi: Public sector banks have delayed action against nearly 100 corrupt officers despite the uproar over cases of bank fraud and non-performing assets, according to a CVC report.

Banks,   Corrupt officers,   Public sector banks,   CVC report,   Defaulters,   Loans,   Latest Business News ,  

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