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PSBs to focus on credit needs of 'genuine' companies, says Piyush Goyal

PSBs promise to boost credit; 4,500 companies to be assessed; banks to work on two-stage process

Curbs on full PF withdrawal likely; move to create 'social security cover'

In a Move to create 'social security cover', govt wager risky payoff, say experts

Piyush Goyal to meet chief executives of six PSBs to discuss bad loans

Nineteen out of 21 PSBs had reported net losses and a sharp rise in bad loans in 2017-18

Govt wants India Inc to overhaul salaries, proposes higher basic income

While some trade union leaders have welcomed the move, industry has opposed it, fearing an increase in its wage bill

RBI nominee on PSB boards may be withdrawn after banks are strengthened

Urjit Patel had on Tuesday told the Parliamentary Standing Committee on Finance that no central bank nominee should be on the boards of public sector banks

Fraud-hit PNB signals recovery by Q2; eyes Rs 55 billion net profit

Govt refuses bank's demand for additional capital of Rs 80 bn

Piyush Goyal meets chief executives of 15 PSBs today to draw up road map

The government will discuss a road map that banks are supposed to prepare to strengthen their risk mechanism systems

RBI monetary policy: Finance Ministry says MTM losses for banks will rise

Banks will have to register more losses on their books in the first three quarters of the financial year due to the regulator's move to allow spreading of MTM losses over four quarters

Finance ministry sees minimal impact of RBI's move on interest rates

The move will encourage goods and services tax (GST) registration by MSMEs, said Rajiv Kumar

Retrospective benefits on gratuity not on the cards, says NDA govt

The law was amended to bring parity between public and private sector employees (including PSUs) after the gratuity limit was raised for central government on similar lines

PMO takes stock of RBI's new provisioning norms for stressed loans

Modi also briefed on other macroeconomic issues

Turnaround king: IDBI Bank's M K Jain named new RBI deputy governor

He is expected to be put in charge of banking supervision, among other duties

IDBI Bank's M K Jain named RBI Dy Governor, fills space vacated by Mundra

Appointment is for three years; Jain has been on boards of Exim Bank, National Institute of Bank Management, among others

RBI to defer putting lending, expansion curbs on PNB till Q1 results

Andhra Bank, Punjab and Sind Bank, and Canara Bank, too, are likely to make a similar presentation before the regulator

Bank strike: More participate on last day, services hit all over India

The unions have opposed the Indian Banks' Association's offer of a 2% pay hike

Bank strike: Digital operations, delayed salaries to give some pain ahead

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

Public sector banks approach RBI to stay out of prompt corrective action

At present, 11 out of 21 PSBs, which constitute about 20% of the market share, are already under the PCA framework

Around 1 million bank employees to go on 2-day strike from Wednesday

About 1 million bank officers are expected to participate in the strike on May 30 and May 31

Punjab National Bank's FY19 plans fail to convince finance ministry

While downgrading PNB's rating, Moody's Investors Service said the bank would need ~120-130 billion in 2018-19 to meet regulatory requirements

Govt appoints chairpersons of Dena, Punjab & Sind and Central Bank

This is the first appointment of bank executives recommended by the BBB under former DoPT Secretary Bhanu Pratap Sharma's leadership