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Inflating education loan NPAs burdening stressed banks

Adding more stress to the already grim situation of banks, rising default payments of education loans have worsened the burden of NPAs. Reportedly, the Non-Performing...

PSU Bank Unions threatens to strike on December 27

A section of Public Sector Banks (PSBs) has threatened to call a strike on December 27 in a bid to implement early wage revision...

RBI directs banks to initiate account number portability soon

Reserve Bank of India (RBI) may soon launch a hassle-free portability option for the account holders across banks. With the launch of this facility, customers...

A Banker Who Stands Tall Among Equals

Going from strength to strength, S S Bhat, Chief General Manager, Canara Bank, has held several strategic positions and today he is a well-known...

Indian Banks Association urges govt to lower rates on small savings...

The Indian Banks Association (IBA) has urged the Ministry of Finance to bring down interest rates on small savings schemes such as the Sukanya...

Bank unions, IBA agree on 15% hike in salaries

Nine bank unions and the Indian Bank Association (IBA) has signed a memorandum of understanding (MoU) on 15 per cent wage hike. The total annual...

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