INDIAN BANK ASSOCIATION
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.
Banks approve reduced fees for UPI, RuPay
After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactio...
Aluminium association seeks import duty hike ahead of Budget
In a letter to the principal secretary to the PM, the Aluminium Association of...
IndiGo shareholders reject amending Article of Association: Reports
IndiGo held its extraordinary general Meeting (EGM) today to discuss deletion of rules that make it tough for the main shareholders to sell or buy shares in the company. But for the resolution to be approved, Gangwal needed the support of Rahul Bhatia-led group who holds 38.3 per cent along with family in the airline's holding company Inter Globe Aviation.
IDFC First Bank reports Q3 loss of Rs 1,639 crore
Total income was up 50 per cent at Rs 2,113 crore.
Employees of PSU banks threaten to go on two-day strike from January 31
The meeting before Chief Labour Commissioner on Monday remain inconclusive so unions did not take back strike notice, AIBOC president Sunil Kumar said. The wage revision for employees of public sector banks is pending since November 2017.
Central Bank of India Q3 profit at Rs 155 crore
Total standalone income grew 15 per cent to Rs 7,278 crore from Rs 6,329 crore in the same period last year.
Cotton prices fall in India on China virus scare
Traders anticipate a squeeze in demand from China due to the prevailing situation there.
IndiGo shareholders reject co-promoter Gangwal's special resolution to amend AoA
Rahul Bhatia and affiliates -- InterGlobe Enterprises (IGE) Group -- has around 38 per cent stake in the company and Rakesh Gangwal and his related entities own around 36.64 per cent stake. As per the AoA, if any member of Rahul Bhatia-led IGE Group wants to transfer shares to a third party, then the non-transferring group will have the 'Right of First Refusal' subject to certain conditions.
India’s crude steel production went up by 1.8 per cent in 2019
Within Asia, India and China were the two countries which posted improvement in steel output during the calendar year 2019. China’s crude steel production in 2019 reached 996.3 mt, up by 8.3 per cent over 2018.
Indian Bank net up 62% at Rs 247 crore
Net interest income at Rs 1,955.18 crore increased by13.89% compared to the same period last year
Neeraj Chopra qualifies for Olympics with 87.86m throw on comeback
Star javelin thrower Neeraj Chopra has qualified for the Tokyo Olympics. He threw the spear to 81.76m at the start and kept improving with every throw. He managed 82m in his second attempt and 82.57 in the third. Another Indian in fray, Rohit Yadav threw 77.61m to finish second.
Indian Bank Q3 profit jumps 62% to Rs 247 crore
The bank's profit in the year-ago period stood at Rs 152.26 crore.
Operations may be impacted due to bank unions' two-day strike: SBI
Bank unions have called for a two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the Indian Banks' Association (IBA). SBI said its operations might get affected somewhat due to strikes however it assured normal functioning in its branches and offices.
Without merchant fees, banks say they can’t reimburse payment companies
At the centre of this demand is Delhi’s decision to remove the MDR for all digital transactions.
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