MUMBAI: One rank, one pension (OROP) is in the process for retirees Power supply bank employees. RFMO It was a long-standing lawsuit by veterans of the armed forces, where the pension would be reworked for all who would retire in the same rank You will receive the same pension, regardless …
Read More »Issue only Rupay cards, seed all accounts with Aadhar before December: FM to banks
Finance Minister Nirmala Sitharaman told bankers on Tuesday to only issue Rupay cards as the first choice for customers, and also to deposit all bank accounts with the Aadhar number and, when necessary, with the pan card for December this year. “Rupay should be the only card you should promote,” …
Read More »Finance Minister promotes regional languages in Indian banking
Mumbai: Indian state lenders should consider focusing on regional languages for better customer service, especially in areas where people are unfamiliar with Hindi, Finance Minister Nirmala Sitharaman said. Sitharaman spoke Thursday at the virtual launch of a uniform training program, which includes modules on preventive surveillance, for induction and mid-level …
Read More »RBI loan restructuring: RBI rules may exclude multiple companies from loan renewal plan | India Business News
MUMBAI: The RBIRules on corporate loans restructuring they are likely to exclude a large number of companies bankers expect advances worth just Rs 2-3 lakh crore will qualify for recast. A five-member committee headed by KV Kamath, set up by the RBI to examine the parameters within which restructuring may …
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