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LIC views IDBI acquisition as a sound business deal, says Piyush Goyal

The deal will likely trigger an open offer, which LIC will make to IDBI Bank's shareholders

Indian Banks' Association offers 6% wage hike; unions reject the offer

Various rounds of wage negotiations between banks and unions failed to make any headway

Press freedom protected under Srikrishna panel's data protection Bill

Journalists will be exempted from seeking the consent of individuals before collecting and reviewing their personal data to be used in a news report

SBI, PNB, BoB may introduce performance-linked pay for senior management

The banks would need approval from the government for such a move

Stressed assets: Govt wants IBC relief for a dozen power projects

The government has asked for an additional 180 days to resolve these stressed assets that have a total capacity of 12,000 Mw

Centre not to hike insurance cover of Rs 100,000 for bank deposits

Andhra Pradesh Chief Minister Chandrababu Naidu suggested an increase in deposit insurance cover to Rs 1.5 million in a letter to then finance minister Arun Jaitley in May

Modi govt seeks RBI's views on specific public sector bank mergers

In August last year, the government had approved a framework for the merger of PSBs

RBI has wide-ranging and comprehensive powers to deal with PSBs: Govt

He further said that the RBI has a nominee director on the management committee of PSBs

Centre proposes amendment in labour law to recognise central trade unions

The proposed Bill has provisions for recognising central TUs by various government departments, at both the central and state levels

RBI gives in-principle nod to LIC for acquiring majority stake in IDBI Bank

The Cabinet nod is required because the government's stake will be diluted below 51 per cent in IDBI Bank

Lead bank must play key role for quick decisions, says PNB MD Sunil Mehta

Bankers will have to start making effort to resolve the assets before going to NCLT. If we start referring every issue to NCLT, it will also get clogged

Finance Minister Goyal to meet bankers to discuss ways to boost realty

A meeting of bankers will take place on how to revive it. Reforms have happened already, like implementation of the Real Estate Act

LIC likely to get management control of debt-ridden IDBI Bank

The bank's Board in its meeting considered letter from LIC expressing interest in acquiring 51 per cent controlling stake

Govt to pump Rs 113 bn into 5 PSBs to meet regulatory capital requirements

The capital infusion will be a part of the Rs 2.11-trillion recapitalisation plan for public sector banks announced by the government last year.

LIC board gives approval to acquire 51% stake in debt-ridden IDBI Bank

The government owned 85.96 per cent in IDBI Bank at the end of June

No annual pay hike for PSB managers failing Mudra target, says Hansraj Ahir

Union minister of state for home affairs Hansraj Ahir writes letter to district magistrate of his constituency

With no relief from Sebi, LIC to make open offer to IDBI Bank shareholders

LIC's name will be tagged to the lender's name as a part of rebranding

We should not take our eyes off IBC, says CEA Arvind Subramanian

In MSP increases, the distributional benefits and the macro economic consequences are directly correlated, said CEA

RBI relief unlikely for stressed power sector; govt to work on reform plan

The Centre is likely to push for debt restructuring and reform schemes to resolve issues plaguing private power producers

RBI e-mail on risk control in November 2016 did not reach us, says PNB

CBI's probe into the Rs 143 billion Nirav Modi-Mehul Choksi fraud hinges on the premise that the Delhi-based bank did not follow suggestions made by the Reserve Bank of India (RBI) from time to time