FM urges bank employee unions not to go on strike

Finance Minister Arun Jaitley has urged Bank employees and their unions to not to go on strike.Talking to reporters in New Delhi on Saturday, Jaitley said strike is not in interest of nation. He said, strike is neither desirable and nor affordable.The bank association has called for four days strike...

SBI to provide finance to small tea growers in Assam

Incentives leads to bank staff providing wrong information: Survey

A survey by Consumer Unity and Trust Society, CUTS, has found that 67 per cent consumers feel that provision of incentives leads to bank staff providing wrong information or mis-selling of products. The study also found that about 56 per cent consumers were unaware of the existence of grievance redr...

Stock markets to be open on Budget day

Stock markets will be open on the Budget day, February 28, and trading would be conducted during normal hours from 9 AM to 3.30 PM, despite it being a Saturday.Capital markets regulator Sebi asked the stock exchanges including, the BSE and the NSE, to keep the markets open on Budget day, following r...

SEBI cracks down on 33 entities over Rs1800 cr tax evasion

In a fresh clampdown on entities misusing stock markets for evading taxes, SEBI has imposed trading restrictions on 33 entities and suspended trading in one listed company, which have been found to have made undue gains of over 1,800 crore rupees. While 24 entities have been barred from the entire c...

India's forex reserves soar by $ 2.95 bn to new high of $333.169 bn

India's foreign exchange reserves have soared by 2.95 billion US dollars to touch a new lifetime high of 333.169 billion US dollars for the week ended 13th February. A RBI press release has informed that foreign currency assets, a major part of the overall reserves, increased by 2.299 billi...

RBI deputy governor warns banking sector to brace for high attrition levels

RBI deputy governor R Gandhi has warned the banking sector to brace for higher attrition as the sector is being thrown open to niche and more private players. Addressing a seminar in Mumbai yesterday, Mr. Gandhi said he foresees the demand for expertise, knowledge and specialisation; adding that in ...

Auction of 15 coal blocks fetch Rs 83,000 cr: Coal Secretary

Government today said the auction of 15 coal blocks has fetched over 83,000 crore rupees. Briefing reporters in New Delhi today, Coal Secretary Anil Swarup said that 27 blocks have been allocated for the unregulated sector, while 56 blocks will go to the regulated power sector. He expressed confiden...

Auction of 15 coal blocks fetch Rs 83,000 cr: Coal Secretary

Government today said the auction of 15 coal blocks has fetched over 83,000 crore rupees. Briefing reporters in New Delhi today, Coal Secretary Anil Swarup said that 27 blocks have been allocated for the unregulated sector, while 56 blocks will go to the regulated power sector. He expressed confiden...

Hal delivers 2500 doors to Airbus