New Delhi [India], June 8 (ANI): Enhanced Access and Service Excellence-EASE on Wednesday has evolved over four annual editions from FY19 to FY22 and has catalyzed reforms in diverse areas in Public Sector Banks.

New Delhi [India], February 13 (ANI): After the Central Bureau of Investigation (CBI) registered an FIR against ABG Shipyard and its directors for allegedly duping 28 banks of Rs 22,842 crore, the State Bank of India on Sunday said that the several efforts were made to revive the company operations could not succeed.

Mumbai Dec 17 PTI Banking operations across Maharashtra remained impacted for the second straight day on Friday as employees of state-run lenders continued their two-day strike against bank privatisation Disruption in services like cash withdrawals deposits and cheque clearances hit customers hard across the state Most of the state-owned banks ATMs went dry due to lack of replenishment unions said The two-day strike was called by the United Forum of Bank Unions UFBU to protest against the governments move to privatise state-run banks The government had in Budget 2021-22 announced its intent to take up privatisation of two public sector banks PSBs during the year In Maharashtra around 60000 PSB employees were on strike UFBU claimed that about nine lakh employees of state-run banks across the country observed the strike The strike was total All government-related businesses in public sector banks were hampered Most of the ATMs could not be replenished UFBUs Convenor Maharashtra Devidas Tuljapurkar said UFBU is an umbrella body of nine unions including All India Bank Officers Confederation AIBOC AIBEA and National Organisation of Bank Workers NOBW PTI HV ABM ABM

Mumbai Nov 24 PTI Equity benchmarks resumed their decline on Wednesday after a days gap succumbing to a last-hour sell-off triggered by losses mainly in market heavyweights Reliance Infosys and HDFC After trading in the green for most part of the session the 30-share BSE Sensex settled 32334 points or 055 per cent lower at 5834099 -- marking its fifth decline in the last six days Likewise the NSE Nifty fell 8830 points or 05 per cent to end at 1741505 On the Sensex chart Maruti Infosys Tech Mahindra ITC Reliance Industries LT UltraTech Cement and HDFC were the major losers dropping as much as 262 per cent On the other hand Kotak Bank NTPC ICICI Bank Bajaj Finance PowerGrid and HCL Tech were among the gainers climbing up to 145 per cent Of the Sensex constituents 22 shares ended in the red Unable to hold onto its gains domestic indices edged lower in todays tumultuous session amid mixed sentiments across global peers Despite surging inflation the Euro-zone business activity jumped to 558 in November from 542 in October instilling hope in investors On the domestic front gains in banking and financial stocks were offset by losses in oil gas and auto sectors The banking sector was in the radar today as the government proposed to privatise two banks along with making banking amendments for the winter session to facilitate PSB privatisation said Vinod Nair Head of Research at Geojit Financial Services Sectorally BSE IT index fell 124 per cent followed by auto capital goods FMCG and energy Oil and gas banking and finance closed with gains In the broader market BSE midcap and largecap indices suffered losses but the smallcap index ended higher Elsewhere in Asia stock markets closed with moderate to deep losses tracking a rise in US bond yields and volatility in global crude oil prices in the wake of price-cooling efforts by the US and other countries Markets in Europe too were trading with losses in the afternoon session The rupee recovered its initial losses and settled 2 paisa up at 7440 against the US dollar on Wednesday ahead of the release of the minutes of the latest Federal Reserve meeting Offloading of shares by foreign institutional investors continued on Tuesday as they sold shares worth Rs 447706 crore on a net basis as per exchange data PTI MKJ ABM MKJ ABM ABM

Mumbai (Maharashtra) [India], September 21 (ANI/NewsVoir): In a major push towards financial inclusion, PayPoint India has entered into a partnership with one of India's leading banks, Bank of Baroda (BoB) to provide banking services across the country through the Business Correspondent (BC) model.

Mumbai Aug 25 PTI Admitting that family pension for bank employees is at a paltry level the government on Wednesday announced to raise the same to 30 per cent of the last-drawn salary Earlier kin of a deceased PSB employee used to get a maximum of Rs 9284 per month as a family pension said Department of Financial Services Secretary Debasish Panda The cap has been completely removed and a uniform slab of 30 per cent at the last-drawn salary will be entitled as family pension Panda told reporters here admitting that the earlier levels were paltry This would result in the family pensions rise to as high as Rs 30000-Rs 35000 a month Panda said Similarly the ministry has also decided to increase the employers contribution in New Pension Scheme NPS to 14 per cent of the salary from the current 10 per cent he said Earlier Finance Minister Nirmala Sitharaman expressed her satisfaction at public sector banks PSBs performance in the past few years and appreciated that many of them have come out of the RBIs prompt corrective action framework Panda said a dozen PSBs have become leaner and started delivering profits which have upped the investor confidence in them and made them self-dependent for capital raising He said that since last year the banks have collectively raised over Rs 69000 crore including Rs 10000 crore in equity and are in the process of raising another Rs 12000 crore at present On the governments plans to reduce stakes in insurers Sitharaman said the government will go down to having minimum holdings in such companies She also asked the employees not to fear anything saying the government is sensitive about their concerns When asked about the reports of government mulling insurance bonds as an alternative to bank guarantees Sitharaman said it was just a suggestion that had come from the industry Meanwhile giving the progress on the National Asset Reconstruction Company Panda said the entity has been registered and the Indian Banks Association has already approached the Reserve Bank of India RBI for licence We expect that licence to come in soon Assets to be transferred have already been identified process of getting the inter-creditor agreement is also in the works CEO has been appointed and staff has been put in place he said Panda added that the government guarantee is not a concern but remains under consideration PTI AA HRS hrs