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Banking services in the national capital region (NCR) were affected on Tuesday as lakhs of bank staff began their one-day pan-India strike against reforms in the banking sector, an official said.
Bank issues notice to 574 farmers asking them to pay Rs. 2.4 Lakhs each despite crop loan waiver; most happen to be Konda Pochamma oustees.
The recent attack on notorious gangster Bhagappa Harijan is a throwback to the violent decades of rivalries between gangs from two villages on either banks of the Bhima River.
Country's largest lender SBI accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters.
The mergers of regional rural banks that are ordered by the government are now exempt from seeking CCI approval, according to a notification.
Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government's proposed consolidation move.
The RBI data on sectoral credit growth shows only one side of the story as credit per se has been expanding through non-banking channels, primarily in the debt market, said a report.
The Reserve Bank Governor today called for recapitalisation of state-run banks to help them resolve the bad loans issue in a time-bound manner as bad loans at 9.6 per cent of the system is not okay.
The reforms also include "independent professional body for selection", "pool enlarged by opening to private sector", "objective and transparent selection" and "allotment on the basis of merit-cum-per
The MPC members warned inflation could start accelerating later this year, while noting the focus should be on ensuring banks cut their lending rates further, which none of the major lenders have done
The number of wilful defaulters increased to 8,915 at the end of March this year as against 8,167 in the previous fiscal, according to data collated by the Finance Ministry.
RBI seems to be readying the pitch to offload the much-awaited data on currency in circulation.
Let the June-quarter numbers of all banks be finalised first, then there could be some action on this front," the official said.
After job quota for Kannada medium applicants, separate state flag and teaching of language in professional courses, Kannada Development Authority advances its agenda.
Minister of State for Finance Santosh Kumar Gangwar said the RBI has issued Cyber Security Framework in Bank to help them deal with any future cyber attacks.