Prime Minister Narendra Modi on Wednesday sought to allay the fears of bank account holders, saying their deposits in banks will be safe and their interests would not be harmed in any way.
Aadhaar-bank account linkage: Govt extends deadline to March 31.
The move to bar wilful defaulters from regaining control over their companies will bring credit discipline and prevent promoters from gaming the system
Govt sets Rs 10,000 min balance in bank accounts as rural poverty measure. The more number of families with a minimum Rs 10,000 in their accounts, the better a panchayat’s chance of being on the positive list of the poverty index
Concerned over NPAs crossing Rs 7 lakh crore, the finance ministry has asked public sector banks (PSBs) to take swift and firm action to deal with the bad loan problem, a banker said.
Healthy banks that lend to sound firms create a virtuous cycle of investment and jobs: Urjit Patel
Healthy banks that lend to sound firms create a virtuous cycle of investment and jobs: Urjit Patel. The government on Tuesday decided to capitalise public sector banks (PSBs) to the tune of ₹2.11-lakh crore in a frontloaded manner to support credit growth and job creation. This announcement has come at time when PSBs are capital starved and hobbled by non-performing assets.
Recruitment for bank jobs will be hit badly due to the proposed consolidation of public sector banks (PSBs), and a few banks have already put their fresh hiring plans on hold.
Number of PSBs may go down to 12 as govt mulls consolidation . The government is working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12.
The government clarified that the perquisites by the employer to the employee in terms of contractual agreement entered into between the employer and the employee, will not be subjected to GST.
All banks to facilitate Aadhaar enrolment, update facility