| Bank unions, IBA nearing pact on wage hike | 01-OCT-09 |
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| The Indian Banks’ Association (IBA) and United Forum of Bank Unions are close to reaching an agreement on wage hike for employees of state-owned banks, a senior finance ministry official said on Wednesday. |
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| Bank unions to meet IBA over wage revision | 23-SEP-09 |
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| A crucial meeting between the representatives of the United Forum of Bank Unions (UFBU) and the Indian Banks Association (IBA), slated for tomorrow, is likely to discuss wage revision and other demands of about 10.5 lakh bank employees and officers in the country. |
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| RBI group likely to moot two PLRs; cap on sub-PLR lending | 16-SEP-09 |
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| A Reserve Bank of India (RBI) working group is likely to recommend two types of benchmark prime lending rates — one for retail loans and another for wholesale borrowers — to bring in more tranceparency and may put a ceiling on advances given below these rates. |
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| IOB seeks Rs 1,000-crore capital infusion from government | 10-SEP-09 |
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| Chennai-headquartered Indian Overseas Bank (IOB) has written to the government for a capital infusion of about Rs 1,000 crore to maintain a capital adequacy ratio (CAR) of 12 per cent and to ensure a credit growth of 20 per cent in the next 3 years. |
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| 3rd party ATM curbs to trouble customers | 01-SEP-09 |
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| The Reserve Bank of India’s (RBI’s) decision to end the free run at automated teller machines (ATMs) is going to come with a lot of troubles for bank customers. The only thing that’s clear is the October 15 deadline for the end of free third-party ATM use. |
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| Banks may take 3 months to cap free 3rd-party ATM deals | 28-AUG-09 |
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| Customers can avail themselves of unhindered, free third-party ATM transactions for some more time despite the Reserve Bank of India (RBI) capping such deals at a maximum of five per month. Reason: To implement the cap, banks will need to make various technological changes in the machines and that will take quite some time. |
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| Narayana Murthy to join NPCI board | 20-AUG-09 |
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| Infosys Chief Mentor, N R Narayana Murthy is likely to become the non-executive chairman of the National Payment Corporation of India (NPCI) being set up to handle the retail payment operations of the Reserve Bank of India. |
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| Bank strike hits cash, forex deals | 07-AUG-09 |
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| Trading volumes in the bond, foreign exchange and money markets and normal branch operations were adversely affected On Thursday as bank employees began their two-day strike On Thursday demanding higher wages and pension. However, the government’s Rs 12,000-crore bond auction is expected to go through smoothly. |
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| Bank staff to go on 2-day strike from August 6 | 16-JUL-09 |
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| Public sector bank employees have called for a two-day strike on August 6 and 7. The decision was taken in the backdrop of failed talks between the United Forum of Bank Unions (UFBU) and Indian Banks’ Association (IBA) on wage revision. |
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| Fake IBA website originated in US: Official | 13-JUL-09 |
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| A recent attempt by fraudsters who created a fake website of the Indian Banks’ Association (IBA), triggering panic among both customers and authorities, could have originated from the US, a top IBA official said. |
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| State Bank officers against merger, seek 30% pay hike | 20-JUN-09 |
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| The All India State Bank Officers Federation has said merger and consolidation of public sector banks would harm the expansion of banking activities in the country and nullify the financial inclusion concept of the government itself. |
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