Top headlines: Rs 4,360 cr capital boost for IoB; good news for pensioners

The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020

Govt approves infusion of Rs 4,360 cr in IOB; UCO Bank gets Rs 2,142 cr

Indian Overseas Bank (IOB) on Friday said it will get a fresh capital infusion of Rs 4,360 crore from the government in the current financial year for meeting regulatory requirement. In August, the finance ministry had announced a capital infusion of Rs 3,800 crore in the state-owned lender. This has now been increased by Rs 560 crore. Read More

600,000 pensioners to gain as EPFO's commutation come into play on Jan 1

The labour ministry will enforce the retirement fund body EPFO's decision