MUMBAI: The Banking Association of India signed the XI bipartite wage agreement with a representative of the bank’s employees paving the way for a 15% salary increase. The agreement applies to public sector banks, some old generation private banks and some foreign banks. The IBA in a statement said that …
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MUMBAI: In the next few days, banks will credit billions of loan accounts with an ex gratia payment equal to the interest on the amount of interest they have paid at closing. The Banking Association of India has said that the government’s decision to apply a uniform formula for all …
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NEW DELHI: The Supreme Court said Wednesday that it was a “welcome move” by the Center to waive compound interest on loan installments of up to Rs 2 million payable during the six-month moratorium period from March 1 to March 31. August, but disapproved of the time of more than …
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