18 PSBs among top 20 banks with highest gross NPA ratios: CARE Ratings

Public sector banks are more stressed than their private sector counterparts with the former figuring among the top 20 banks with the highest gross non-performing asset (GNPA) ratios, according to CARE Ratings’ analysis of the first quarter results of 38 banks.

IDBI Bank (with gross NPA ratio of 24.11 per cent of gross advances) and Indian Overseas Bank (23.6 per cent) have NPA ratios of over 20 per cent. Among PSBs, Indian Bank has the lowest GNPA ratio of 7.21 per cent, the credit rating agency said.

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RBI guidelines on full-KYC ‘can kill wallets’

Prepaid Payment Instrument (PPI) players in the country such as Paytm, ItzCash, Mobikwik and Citrus will soon meet senior Reserve Bank of India officials to discuss certain concerns over the recently announced guidelines.

According to sources, wallet players are of the view that the guidelines on the stricter and mandatory Know Your Customer (KYC) norms for users of mobile wallets will be a deterrent to the growing wallet industry and that it might also “kill” smaller transactions.

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Public Sector Banks Financial Key Figures after Q2FY18

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Reserve Bank of India (RBI) Recruitment for OA Posts 2017

Reserve Bank of India invites applications from eligible candidates for 526 posts of “Office Attendants” in various offices of the Bank. Selection for the post will be through a country-wide competitive Test (Online Test) followed by Language Proficiency Test (in Regional Language) as per Annex-I. Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the Bank’s website www.rbi.org.in. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

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Catholic Syrian Bank Recruitment of various Posts 2017

Catholic Syrian Bank has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

• Business Development Executive (Gold Loan) - 200 Posts
• Regional Sales Manager (Gold Loan) - 2 Posts
• Area Sales Manager (Gold Loan) - 13 Posts
• Business Development Executive (CASA) - 150 Posts
• Regional Sales Manager (CASA) - 2 Posts
• Area Sales Manager (CASA) - 6 Posts 

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Moody’s upgrades India’s sovereign bond rating

In a big boost to the government’s reform agenda, which has faced flak for slowing growth, international rating agency Moody’s on Friday upgraded India’s sovereign bond rating to Baa2 from Baa3 with a stable outlook.

“The decision to upgrade the ratings is underpinned by Moody's expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential and its large and stable financing base for government debt, and will likely contribute to a gradual decline in the general government debt burden over the medium term,” it said in a release on Friday morning.

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Quarterly Results of Banks for Q2 2018

Public Sector Banks :(Data will update as result will declare)

Allahabad Bank

Andhra Bank

Bank of Baroda

Bank of India

Bank of Maharashtra

Canara Bank

Central Bank of India

Corporation Bank

Dena Bank

IDBI Bank

Indian Bank

Indian Overseas Bank

Oriental Bank of Commerce

Punjab & Sind Bank

Punjab National Bank

State Bank of India

Syndicate Bank

UCO Bank

Union Bank of India

United Bank of India

Vijaya Bank

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BANK WAGE SETTLEMENT -DISCUSSIONS WITH IBA ON 14.11.2017

CIRCULAR TO UNITS 15.11.2017

Dear Comrades,

DISCUSSIONS WITH IBA ON 14.11.2017

One more round of discussions took place between IBA and our Workmen Unions yesterday i.e.14.11.2017 in IBA Office

We pointed out that considerable time has elapsed since commencement of the discussions in May, 2017 on our Charter of Demands, but so far IBA has not come forward with their offer on wage increase and hence demanded that the next meeting of the Full Negotiating Committee should be fixed up at the very earliest for this purpose.

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