IDBI Bank Employees announce Indefinite Strike against Bank Privatisation IDBI Bank Employees have announced One Day Hunger Strike against the privatisation of the Bank. The United Forum of IDBI Officers and Employees has served notice for a one-day nationwide hunger strike and demonstrations across the country on March 9. The employees of IDBI Bank have…
Reserve Bank of India imposes monetary penalty on UCO Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹38.60 lakh (Rupees Thirty Eight Lakh Sixty Thousand only) on UCO Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Periodicity of payment of interest on savings deposits’, ‘Locker Rent’…
RBI Minutes of the Monetary Policy Committee Meeting Feb 2026 The RBI has released minutes of the monetary policy committee meeting held from February 4 to 6, 2026. The fifty-ninth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during February 4 to…
South Indian Bank (SIB) Recruitment 2026 Notification Released for Junior Officer Post SIB Junior Officer Recruitment 2026: South Indian Bank (SIB) has released the official notification for the recruitment of Junior Officer / Business Promotion Officer posts on its website. The online application process started on 20 February 2026 and will continue until 2 March…
The Bombay High Court has set aside orders issued by three government banks declaring chartered accountant Alok Agarwal a wilful defaulter in connection with loan defaults by Parekh Aluminex Ltd, which owes banks at least ₹2,762 crore. Parekh Aluminex Ltd had defaulted on loan taken from Banks and Banks declared CA also as wilful defaulter….
Axis Bank has filed a police complaint against ex-Director of Reliance Commercial Finance Ltd (RCFL). Axis Bank has filed complaint against Devang Mody, a former whole-time director of Reliance Commercial Finance Ltd (RCFL), alleging deliberate diversion of funds disbursed under various credit facilities. The Mumbai Police has started preliminary enquiry (PE) into the complaint. FIR…
State Bank of India (SBI) is in talks with some Japanese lenders to partner with them for merger and acquisition (M&A) financing in light of the new norms in that regard, SBI chairman CS Setty told reporters at the Indian Banks’ Association (IBA) annual general meeting. SBI will soon get a board approval to form…
In a significant setback for President Donald Trump, the Supreme Court of US has struck down the tariffs imposed by Donald Trump on other countries. In a 6-3 decision, the court reviewed tariffs enacted under the International Emergency Economic Powers Act. The copy of order of Supreme Court is given below. What is the International…
Salary Details of Husband can’t be provided to Wife The Rajasthan High Court has ruled that a wife can’t seek salary details of her husband. Wife had filed RTI application at the department where her husband works, to reveal his salary details. The department rejected the RTI application saying that the information sought was of personal…
DFS launches EASE₹ISE 9.0 to reform Public Sector Banks DFS has launched EASE₹ISE 9.0 to reform Public Sector Banks. Shri M. Nagaraju, Secretary, Department of Financial Services has unveiled the EASE₹ISE 9.0 Reforms Agenda focusing on “Globally Competitive Public Sector Banks for Viksit Bharat@2047”. DFS launches EASE₹ISE 9.0 to reform Public Sector Banks DFS launches…