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State-owned banks want govt to give up control

Gyan Sangam blueprint suggests empowerment on boards, on the lines of Nayak panel suggestions; govt to take decision shortly

PM against interference in PSBs, but supports political intervention

Modi said with public sector banks controlling 81% of branches and 77% of deposits, their net profit should improve from the current levels of 45%

Coast Guard beefs up patrolling along Gujarat coast

Deploys more Dornier aircraft and ships for patrolling, launches search to recover bodies of crew members and wreckage of suspect vessel

Panagariya to be NITI Aayog's vice-chairman

The vice-chairman would be of Cabinet rank; PM to head Aayog, which will also have full-time and part-time members

BJP President targets 10 million new members in Karnataka

Asks state BJP leaders to strengthen the party at the grassroots level

Sangh doesn't believe in conversion: RSS

Asserts ghar wapsi is different from conversion, ii is a "natural urge among people to reconnect to their cultural roots"

Protesting NVH India Auto workers taken into custody

Police also books Korean official for allegedly misbehaving with workers

Karnataka HC admits 6 winding up petitions against UBHL

Consortium of Banks files petition seeking settlement of dues amounting to Rs 5,823 crore

Telangana to spend Rs 485 cr on interest waiver on SHG loans

Scheme will cover 70% of 415,000 women groups who are repaying loans on time

Ashok Leyland sales jump 48% in December

Sales of medium and heavy commercial vehicles soar 85%

Disclose company name in products: RBI

This will help the public to correlate a product brand name to the name of the entity/company authorised under the Payment and Settlement Act, 2007 (PSS Act)

Cashless banking best way to curb black money: Modi

Tells banks to help young persons start waste management enterprises

RBI relaxes client due diligence measures for NBFCs

KYC will be required every ten years for low risk and eight years for medium risk individuals, from five and two years respectively

Forex reserves down $287 mn for week ended Dec 26

For the week under review, Special Drawing Rights fell by $13 mn to $4.19 bn

Not just credit cost, other factors also slowing loan offtake: Mundra

Experts believe that to spur growth, interest rate should have to come down, as inflation has softened

Jan Dhan Yojana crosses 100-mn mark

Ministry claims 98.4% households now have bank accounts

Govt open to private-sector candidates for top jobs at PSBs

Chances of such appointments not ruled out if recommendations come from the search committee

No dissent on land Ordinance, says rural development minister

Claims farmers' interests protected as clauses relating to compensation, relief and rehabilitation have not been diluted

Labour unrest at Hyundai's supplier factory near Chennai

A video showing a Korean official of the company assaulting a worker went viral on social media