India News | Press Trust of India | Monday January 19, 2015
PSU bank employees' unions have deferred the proposed four-day strike from January 21, after the management of the banks assured that wage-related issues will be resolved by early February.
Friday December 26, 2014
Life Insurance Corporation (LIC), which has been asked by the government to provide life cover worth Rs 30,000 to beneficiaries of the 'Pradhan Mantri Jan Dhan Yojana' or PMJDY, has asked the Indian Banks' Association to provide a list of those insu...
Wednesday December 3, 2014
As public sector bank employees in North India go on strike on Wednesday, Indian government on Tuesday asked PSU banks to stock ATMs with enough cash and take steps to minimise inconvenience to customers.
Tuesday December 2, 2014
Banking services are likely to be affected for the next four days as employees of PSU banks plan to go on a zone-wise relay strike beginning with the southern region on Tuesday, after wage revision talks failed here on Monday.
Tuesday September 30, 2014
Acknowledging that the Supreme Court's order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said the lenders will approach the Reserve Bank of India (RBI) for restructuring such ...
Saturday September 27, 2014
Welcoming the recent move by global rating agency Standard & Poor's to upgrade the country's sovereign rating, the Indian Banks Association (IBA) has said it will help lenders' cost of funds by softening rates at which they borrow internationally.
Thursday September 25, 2014
Lenders will not be adversely affected if government delivers on its commitment on finding an alternative to ensure coal supply to power and steel plants, Indian Banks Association said today.
Sunday July 20, 2014
Prime Minister Narendra Modi is set to give a big boost to the ongoing financial inclusion drive by unveiling a comprehensive programme, to be announced at the Red Fort in his address to the nation on the Independence Day.
Sunday July 6, 2014
As India steps up pressure on Swiss authorities in its pursuit of alleged black money, banks in Switzerland say they follow strict rules and the requests from Indian authorities must be "properly justified".
Sunday June 29, 2014
While there is no limit on customers who use their own bank's ATMs, there is a cap of five free transactions for use of ATMs run by other banks. From the sixth transaction, they have to pay Rs 20 for every withdrawal.
Thursday June 26, 2014
Finance Minister Arun Jaitley on Friday will meet representatives of public sector bank employee unions seeking his intervention for early settlement wage revision.
Sunday March 23, 2014
As Microsoft ends support for its Windows XP operating system next month, the software giant said a number of ATMs in India are yet to upgraded.
Press Trust of India | Friday March 21, 2014
The Indian Banks Association said that while banks are prepared, a small percentage of older ATMs may be affected.
Sunday February 16, 2014
State-run banks hired nearly 3 lakh personnel, including over 94,000 officers, in the last four years, according to data released by Indian Banks Association (IBA).
South | Indo-Asian News Service | Monday February 10, 2014
About 50,000 employees of state-run banks went on a two-day strike Monday, halting transactions in about 10,000 branches across Karnataka.
Thursday January 16, 2014
To make operations of automated teller machines (ATMs) viable, the National Payments Corporation on Wednesday convened a committee of six banks to come up with suggestions around cost and charges for use of the ubiquitous machines.
Sunday January 12, 2014
The Reserve Bank of India (RBI) will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks' Association, in an effort to cut down on cash transactions in the economy.
Tuesday January 7, 2014
ransactions from other banks' ATMs may also attract a higher fee, as the bankers' body has proposed to increase the inter-bank fee from the sixth transaction to Rs 18 from Rs 15.
Monday January 6, 2014
He said banks have already resorted to activities like shutting some ATMs in odd-hours, and added IBA has made a representation to RBI for increasing the inter-bank fee from Rs 15 to Rs 18 per transaction and also to scale down the monthly free trans...
Sunday January 5, 2014
National Convener of UFBU M V Murali told PTI today that the Centre and the Indian Banks Association (IBA) have failed to settle the 14-month long pending demand of 32 per cent wage revision for about a million strong staff in the banking sector.
India News | Press Trust of India | Thursday August 29, 2013
Customers complaining about failed ATM transactions may be entitled to request for CCTV footage which will facilitate fast resolution of complaints, Banking Ombudsman said today.
Friday June 7, 2013
To restrict the use of loan restructuring mechanism only to deserving cases, the Finance Ministry on Thursday asked bankers to have an independent oversight committee that will vet the corporate debt restructuring (CDR) applications.
Thursday June 6, 2013
The Indian Banks' Association (IBA) announced on Thursday that it has re-elected K R Kamath, chairman and managing director of Punjab National Bank (PNB), as its chairman for 2013-14.
Thursday March 28, 2013
The deadline mandating Indian banks sign agreements to settle FX forward trades via Clearing Corporation of India Ltd (CCIL) has been removed for now, two sources with direct knowledge of the development told Reuters on Thursday.