Business

November 11, 2014 10:00 PM

PSU banks on nation wide strike tomorrow

Public sector banks will be on a nation wide strike tomorrow to press their demand for wage revision. Nine banking unions have decided to join it. Normal banking operations like cheque clearance and withdrawal in public sector banks are likely to be affected due to the strike. Banks, including the c...

November 11, 2014 10:00 AM

Govt considering to bring down its equity in Public Sector Banks to 52%: FM

Finance Minister Arun Jaitley today said that government is planning to unfold disinvestment of its stakes in Public Sector Units, PSUs, to revive the economy. Addressing a gathering during the 25th India Global Forum in new Delhi, Mr Jaitley said, government is considering to bring down its equity ...

November 11, 2014 9:48 AM

Nationwide Banks strike tomorrow as bipartite talks fail

With the bipartite talks held between United Forum of Bank Unions (UFBU) and Indian Bank Association (IBA) failed to break the ice in New Delhi, nearly 10 lakh employees and officers in Public sector banks, old private banks, regional rural banks and foreign banks will go ahead with its one-day Nati...

November 11, 2014 8:58 AM

RBI tightens NBFC norms by requiring them to have stronger capital base

RBI has tightened its norms for non-banking financial companies, NBFCs by requiring them to have a much stronger capital base, failing which they would lose their registration. This comes in the wake of public investors increasingly being defrauded in the name of non-banking financial services. The ...

November 11, 2014 7:54 AM

RBI tightens NBFC norms by requiring them to have stronger capital base

RBI has tightened its norms for non-banking financial services, NBFCs by requiring them to have a much stronger capital base, failing which they would lose their registration. This comes in the wake of public investors increasingly being defrauded in the name of non-banking financial services. The N...

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