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YES Bank 'won't fall off the cliff', SBI to rescue it with 49% stake

To pick up 49% stake in bank for Rs 2,650 cr; administrator says working to revive bank well before moratorium period ends

RBI to come up with a reconstruction plan for YES Bank soon: Sources

"This will surely not be a rescue plan. You will get to know when the scheme is out," a top SBI executive who did not wish to be named said, hinting that SBI might not take over YES Bank

Delhi violence: Anurag Thakur ducks question on 'goli maro' remark

Sitharaman said, "No reaction. I am here to address the question. No reaction. Today's meeting will concentrate on what's been done with the banks."

RBI supersedes board of troubled YES Bank, sets Rs 50,000 withdrawal limit

Lender placed under moratorium; withdrawal capped at Rs 50,000; govt, central bank flag governance issues

EPFO cuts rate on employee provident fund to 7-year low of 8.5% for FY20

The EPFO had given an interest rate of 8.65% in the previous financial year to roughly 170 million subscribers

Merger of 10 banks into 4 to come into effect from Apr 1, says Sitharaman

Integration of balance sheets to be effective from April 1; bank boards to meet soon to finalise the share swap ratio

Salaries of around 30 mn industrial workers set to rise with new CPI series

The weight for food and beverages components will decline from 46% to 39% in the new series

In a time of distrust, Census 2021 surveyors stare at an uphill task

The big worry ahead is how the fear of CAA and NRC will affect the mammoth exercise required for Census 2021

Merger of public sector banks on schedule, says Nirmala Sitharaman

But in a meeting with the brass, Sitharaman didn't discuss the merger process,said a banker

FM warns banks against trusting credit scores of loan seekers 'blindly'

The FM told the top bank executives to listen to the concerns of branch-level staff

PMO seeks specific details from FinMin on benefits of merging 10 PSBs

One advantage of the merger cited by the banks to the government is that their capital base would go up

CAA protest fallout: Govt likely to defer key socio-economic survey

One major challenge faced by surveyors is the lack of cooperation by households, as they are either being shown the door or attacked during their work, putting their lives at risk

Govt moves to take on coronavirus challenge, plays down price rise concerns

Will hold meetings to chalk out action plan; FM plays down price rise concerns

NSO's consumer spend report showing first fall in 40 yrs won't be released

Consumer spending surveys help set the base year for key macroeconomic data, including gross domestic product

No reason to go back on govt's mega-merger plan for state-owned banks: FM

On August 30 last year, Sitharaman had announced the biggest merger exercise of PSBs

RBI to sync its accounting year with govt's fiscal year from 2020-21

With this move, the central bank will do away with nearly eight decades of practice

Merger of 10 public sector banks: Cloud hangs over April 1 deadline

PM wants to review outcome of BoB amalgamation before taking a final call

WhatsApp Pay set for phased roll out in India; granted NPCI permission

NPCI nod for phased launch comes 2 years after trial run

To avoid PMC-like crises, Cabinet approves banking regulation amendment law

The Union Cabinet was chaired by Prime Minister Narendra Modi

Cabinet likely to approve mergers of 10 public sector banks into 4 today

This will be the biggest merger exercise of PSBs, which was announced by Finance Minister Nirmala Sitharaman in August 2019