NEW DEVELOPMENT BANK
IBA says wage hike offer 'adequate', to meet bank union leaders on Jan 30
United Forum of Bank Unions, the umbrella organisation of nine leading bank associations, demanded 20% wage hike on pay slip components, as articulated by IBA in its letter, a copy of which is in ET's possession. The unions are also demanding five-day banking and merger of special allowance with basic pay, among others.
BBMP developing single-window clearance system for highrises
Securing prior approvals for construction of highrises in the city could soon be...
Manali buildings to get traditional kath-kuni look
As part of beautification of the town, the local civic body has planned to adopt the kath-...
Developed nations not acting on reducing carbon emissions: Prakash Javadekar
Speaking at the 20th edition of the World Sustainable Development Summit (WSDS), the minister said since 1990, "the world has reduced annual carbon emissions only by half per cent and a lot needs to be done."
Gadkari urges industry to cash in on new expressway projects
The minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps. Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG.
Bank panels to monitor probe progress
Finance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘three Cs’ refer to the CBI, Comptroller and Auditor General of India and the CVC. Sitharaman also assured bankers that a distinction would be made between genuine commercial failure and deliberate wrongdoing.
Stock market update: Private bank shares advance; HDFC Bank up 1%
The Nifty Private Bank index was trading 0.84 per cent up at 17108.1 .
Share market update: PSU bank shares jump; Canara Bank gains 2%
The Nifty PSU Bank index was trading 1.07 per cent up at 2395.9 .
Merged banks’ group covers to stay: Irdai
Irdai guidelines will benefit the policyholders of PSBs which will be affected due to the government's bank-merger program. Earlier, when the government merged Vijaya Bank with Bank of Baroda, the former bank customers lost the policy benefits.
IDBI Bank to raise Rs 1,500 crore via bonds
Last month, Parliament approved Rs 9,300 crore capital infusion in IDBI Bank.
Women police personnel constitute a meagre 8.98% of police force across India: BPR&D
The number of women police however has increased as compared to 2018 by 9.52 percent, as per the report. In 2015, the union home ministry had approved 33% reservation for women horizontally and in each category (SC, ST, OBC & others) in direct recruitment of non-Gazetted posts from Constable to Sub-Inspector in police forces.
Use rallies to get out of Cummins, avoid Tata Motors: Dipan Mehta, Elixir Equities
Dipan Mehta, Founder & Director, Elixir Equities, says he does not have much expectation from the Budget and keeping that in mind, not looking at any trading or investing strategies.
Once realty starts improving, HDFC to press growth accelerator: Keki Mistry
Keki Mistry, VC & CEO, HDFC, says since HDFC has more profits, the housing finance major has been extremely conservative about provisioning and for the quarter and has allocated Rs 2,995 crore for provisioning. It is much higher than what HDFC would need to provide if NHB guidelines with regard to periods of defaults were to be followed.
Blackhawk Network sets up development centre in India
The centre currently has a 200-seater facility which it will fill over the course of the year. The major investments would be towards talent acquisition.
Share market update: Bank shares gain; PNB rises over 1%
The Nifty Bank index was trading 0.74 per cent up at 30988.4 .
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