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There are over a dozen employees and officers unions in the banking sector.(Bloomberg Photo)

Banking declared as public utility service for six months

Mumbai | By Press Trust of India
PUBLISHED ON APR 24, 2020 06:47 AM IST
With the latest move of declaring banking industry as a public utility service, employees and officers of the highly unionised banking sector would not be able to go on strike besides certain other activities, according to an industry expert.
The Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month.(HT File)
The Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month.(HT File)

Allahabad Bank reports $259 million alleged fraud by Bhushan Power & Steel

New Delhi | By Reuters
UPDATED ON JUL 14, 2019 09:23 AM IST
Allahabad Bank said in a statement that it had told the Reserve Bank of India (RBI) that it had identified a fraud worth $259 million in Bhushan’s accounts.
(Getty Images)
(Getty Images)

Your version 2.0 must have these skills to be prepared for new future of work

PUBLISHED ON JUN 26, 2019 11:16 AM IST
None of us know with certainty what the future of work will be like or which skills will be obsolete Vs in demand, but we can definitely be better prepared to handle the uncertainty. Research continues to prove that the impact of technology will be more on the nature of work and less on the number of jobs.
The Reserve Bank of India headquarters in Fort, Mumbai.
The Reserve Bank of India headquarters in Fort, Mumbai.

RBI proposes tightening compensation norms for private, foreign banks

Press Trust of India | By Press Trust of India
UPDATED ON FEB 26, 2019 08:17 PM IST
The latest discussion paper proposing changes to compensation norms comes more than seven years after the Reserve Bank of India (RBI) issued such guidelines for private and foreign banks.
The Bank of Maharashtra has around 1,900 branches all over India.(Bloomberg/Picture for representation)
The Bank of Maharashtra has around 1,900 branches all over India.(Bloomberg/Picture for representation)

Bank of Maharashtra to shut 51 branches as part of cost-cutting measures

Pune | By Indo Asian News Service
UPDATED ON OCT 04, 2018 09:59 AM IST
All the branches were in urban centres and have been identified for the action as they were declared non-viable and were incurring huge losses, said an official of the Pune-headquartered Bank of Maharashtra.
Earlier in April too, the second largest public sector lender PNB had invited bids to sell three NPA accounts — Shree Sidhbali Ispat Ltd (Meerut) with non-performing loans of Rs 165.30 crore, Sri Guruprabha Power Ltd (Chennai) Rs 31.52 crore and Dharamnath Investment (Mumbai) Rs 17.63 crore to recover dues.(Reuters/Photo for representation)
Earlier in April too, the second largest public sector lender PNB had invited bids to sell three NPA accounts — Shree Sidhbali Ispat Ltd (Meerut) with non-performing loans of Rs 165.30 crore, Sri Guruprabha Power Ltd (Chennai) Rs 31.52 crore and Dharamnath Investment (Mumbai) Rs 17.63 crore to recover dues.(Reuters/Photo for representation)

PNB puts on sale three NPAs to recover Rs 136 crore dues from borrowers

New Delhi | By Press Trust of India
UPDATED ON JUL 06, 2018 11:56 PM IST
The three NPAs or bad loans that have been put on sale are Gwalior Jhansi Expressways with an outstanding of Rs 55 crore, SVS Buildcon Pvt Ltd. (Rs 50 crore) and Shiva Texfabs Ltd. (Rs 31.06 crore).
One immediate investment opportunity HDFC Bank will steer clear of is India’s $210 billion pile of stressed assets, touted by some as a chance to buy firms at a steep discount(Reuters File Photo)
One immediate investment opportunity HDFC Bank will steer clear of is India’s $210 billion pile of stressed assets, touted by some as a chance to buy firms at a steep discount(Reuters File Photo)

Private bankers are the big winners from demonetisation

Bloomberg | By Anto Antony
UPDATED ON MAY 04, 2018 11:06 AM IST
HDFC Bank Ltd. -- the most preferred wealth manager in India among high net worth clients surveyed by Euromoney -- plans to add as many as 150 relationship managers by the end of 2020 to the current 250, said Rakesh Singh, group head of private banking
Sima Kamil Photographer: Asim Hafeez/Bloomberg(Bloomberg)
Sima Kamil Photographer: Asim Hafeez/Bloomberg(Bloomberg)

Pakistan’s only female private bank CEO doesn’t want to be a ‘token’ woman leader

Bloomberg | By Chris Kay and Faseeh Mangi
UPDATED ON APR 19, 2018 02:03 PM IST
Sima Kamil’s rise through the ranks of Pakistan’s intensely male-dominated banking industry in the conservative Islamic republic is nothing short of extraordinary
ICICI Bank said it has been using blockchain technologies since August 2016, when it became the first domestic lender and one of the few globally to use the platform for international trade finance and remittances.(REUTERS File Photo)
ICICI Bank said it has been using blockchain technologies since August 2016, when it became the first domestic lender and one of the few globally to use the platform for international trade finance and remittances.(REUTERS File Photo)

ICICI Bank working to create common standards for blockchain in trade finance

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON APR 18, 2018 06:11 PM IST
In a statement on Tuesday, ICICI Bank said it is co- creating a blockchain-based system for trade finance in partnership with other banks through a consortium.
Candidates will be selected through an online test and/or a personal interview. The online exam will be 120-minutes long.(Shutterstock)
Candidates will be selected through an online test and/or a personal interview. The online exam will be 120-minutes long.(Shutterstock)

Bank of India recruitment 2018: 158 vacancies for officers, apply online from April 20

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 18, 2018 02:37 PM IST
Bank of India recruitment 2018: Deadline for online application is May 5. Eligible candidates will be selected through an online examination tentatively scheduled for June 10.
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