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Will not increase the number of GM-level posts in PSBs: Modi Govt

After a recent review, the department of financial services (DFS) sent a letter to 19 PSBs that the ceiling on the number of number of GMs will not be raised

PNB eyes capital infusion from govt, non-core asset sale for turnaround

Under the first tranche of recapitalisation, the government infused Rs 800 bn through bonds in public sector banks last financial year

Centre may ask RBI to ease prompt corrective action framework

Government to ensure adequate working capital and credit for MSMEs

PCA shadow on PNB, Canara, Union Bank; DFS to meet 11 executives today

The day-long meeting would be the first review of the banks after the RBI put them under PCA

Fraud-hit PNB posts biggest ever quarterly loss of Rs 134.17 billion in Q4

Net NPAs were also soared to 11.24 per cent against 7.81 per cent a year ago

PNB fraud: CBI names 2 EDs, ex-CEO Usha Ananthasubramanian in charge sheet

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi

Punjab National Bank to provide Rs 35 billion for fraud loss last year

The announcement of the results is set to be a low-key affair; a press conference is unlikely, in a departure from the past

DFS to approach revenue dept, opposing GST on 'free services' by banks

Revenue department officials argue that banks are not offering 'free services' but actually charging customers by asking them to maintain a minimum account balance

PMO calls meet with Power Ministry, leading lenders on stressed assets

The banks are looking at several agencies, including the National Investment and Infrastructure Fund, to share the equity investment with them

Bureaucrat Lok Ranjan, govt's nominee on ICICI board, transferred

Ranjan was nominated to the board of ICICI Bank on April 7

GST likely on banks 'free' services as they are actually 'charging' clients

Notices under older tax regime likely to be withdrawn but officials say levy's rationale remains as before

Government likely to withdraw tax notice on free banking services

Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided

Videocon loan case: Govt nominee to stay away from ICICI Bank board meet

Ministry to wait for feedback from RBI, probe agencies in Videocon loan deal

Labour law violation: Truant CEOs may have to do community work

Community service requires offenders to participate in welfare institutions

Centre plans PPP model for managing workers' social security funds

At present, 50-60 million workers are covered under insurance schemes of Employees' State Insurance Corporation (ESIC) and provident and pension schemes of EPFO

Finance ministry gears up for second round of PSB recapitalisation

FinMin seeks status report on reform plan by May 11

EPFO temporarily shuts Aadhaar seeding portal after reports of data theft

The EPFO has shut down the website, urging the CSC to secure the confidential data of employees

Payroll data indication of formal sector, not overall jobs in economy: Govt

There is duplication, the ministry said, between subscriber data of ESIC and EPFO, as employees are subscribed to the schemes administered by both bodies

Punjab National Bank eyes 11% growth in total business to Rs 12 trillion

In a bid to curb frauds, the bank said it had tightened bank's credit underwriting norms and put in place an off-site monitoring to identify risks

May Day: Gadkari says boosting private investment must for job generation

Gadkari called for better amenities for unorganised workers, including better access to health, housing and education facilities