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| Rs 10,000-cr of WB fund to flow into banks by December | 28-SEP-09 |
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| More than half a dozen PSU banks are expected to get about Rs 10,000 crore as fresh capital by December following the World Bank board's decision to inject funds into these PSBs and enhance their capacity to lend. |
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| ONGC protests Finance Ministry's directive | 27-SEP-09 |
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| Oil and Natural Gas Corporation (ONGC) has protested the Finance Ministry directive of parking surplus funds with only the PSU banks saying the state-run banks on getting assured business act in cartel offering interest rates lower then even retail deposits. |
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| Govt cuts farm loan interest subsidy to 2% | 10-SEP-09 |
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| The government today cut the interest rate subsidy to two per cent for this fiscal on farm loans given by the public sector banks from three per cent last year. |
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| PSU banks expect pick up in credit offtake post-Sept | 01-SEP-09 |
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| Loan disbursements, which dipped due to economic slowdown, during the nine months ending May 2009, is expected to pick up post-September with an improvement in industrial activities, a top banking industry official said. |
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| ONGC opposes FinMin directive to park surplus funds with PSUs | 30-AUG-09 |
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| Oil and Natural Gas Corporation (ONGC) has opposed finance ministry directive of parking its surplus funds with only PSU banks saying it is losing Rs 360 crore of interest revenues annually as state-run banks offer lower interest rates when business is given to them on nomination. |
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| PSU banks employees strike ends | 07-AUG-09 |
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| A two-day strike by public sector bank employees demanding higher salaries ended today after nearly crippling business and retail transactions, but bankers were still unhappy with a 17.5 per cent wage hike offered by the management. |
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| PSU banks staff strike work for second day | 07-AUG-09 |
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| Employees of state-run banks continued their strike demanding higher wages for the second day today, hitting bulk cash and current account transactions, even as ATMs began running dry across the country. |
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