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Unlock BFSI 2.0: Not risk-averse, only careful and prudent, say bank CEOs

Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year

Parliament panel may recommend portal job cards, data on migrant workers

Committee believes the government has not maintained datasets to estimate the number of migrant workers in country

PNB makes first recovery of Rs 24 cr in Nirav Modi fraud case in US

This was the maiden corporate fraud case abroad that MCA intervened in; Rs 82 cr in all will be distributed among unsecured creditors, including PNB, after assets of tainted group are liquidated

At least 5% of PNB's Rs 7.21 trillion loan book may be restructured

Majority of restructured loan accounts would belong to corporate segment, bank does not see large number of MSMEs going for loan revamp

Centre may empower public sector banks to induct non-executive directors

Recommendations of P J Nayak Committee could see the light of day

Workers return to new environment as companies reimagine workspaces

The manufacturing sector is reimagining workspaces to infuse confidence in workers

PNB calls for change in loan recast scheme, cites 'tough times'

Call for closer look at borrowers who delay repayment up to eleventh hour just to avoid NPA tag

EPFO sees three-fold rise in provident fund withdrawal claims through app

The Union Labour and Employment Ministry said in a statement that the EPFO received 1.1 million claims between April and July 2020 through the UMANG mobile application

One-time loan recast: Tricky road lies ahead for Kamath panel, say experts

Govt appoints four more members; norms in 30 days after recommendations

RBI gives Covid-hit MSMEs one more window for restructuring loans

Businesses that didn't slip into NPA till March 1, and were treated as 'standard' accounts will benefit from the scheme which will have to be implemented by March 1, 2021

Moratorium extension will lead to debt pile-up: Sunil Mehta, CEO, IBA

In an interview, SUNIL MEHTA discusses with Somesh Jha the demerits of extending the loan moratorium window and argues why it is the right time for the regulator to allow banks to restructure loans

Govt to work on a recap plan after evaluating the impact of moratorium

For now, the government has told state-owned banks to raise money from the markets

Govt stands behind financial sector for India's growth, says PM Modi

Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance

PM Modi to hold review meeting with banks, his first since Covid outbreak

Agenda not known yet, but meeting via video conferencing likely to be on credit flow especially to MSMEs

Bank employees' 15% wage hike may not be a costly affair for lenders

The hike in pay slip cost does not factor in superannuation and pension costs, along with performance linked incentives

Banks, trade unions agree on 15% hike in existing wage bill of 35 lenders

All employees will get additional pay to the tune of 5-15 days of basic and dearness allowance components of their salary.

Covid-19 crisis: Construction workers to soon get migration certificates

This comes after the Covid-19 pandemic highlighted gaps in government database, which, along with other issues, was the reason many construction workers didn't get adequate welfare benefits.

Banks approve bonds, CPs worth over Rs 14,000 crore issued by NBFCs

About 46 per cent of this sum for purchase by public sector banks is for bonds or CPs rated below 'AA'

Banks to resume wage revision talks with trade union leaders on July 22

Discussions will factor in the impact of the pandemic on banks' finances

Law on assured minimum wage for workers faces delay as govt re-issues draft

Minimal changes in previous draft made public in November 2019; minimum working hours norm reversed