Bank Strike Likely on 28 February, May Dent Services

Most of the banks, including State Bank of India, Punjab National Bank and Bank of Baroda have already informed their customers that functioning of branches and offices will be impacted if the strike takes off. Photo: Mint Public sector banks unions have threatened to go on strike to press for various demands, including accountability of top executives in view of […]

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Modi’s announcement hits banks; SBI, BoB, HDFC Bank down

Banking stocks remained under pressure on Monday after Prime Minister Narendra Modi asked banks to prioritise their lending towards the poor and MSMEs.  Reacting on the announcement, the NSE Nifty PSU Bank index fell 2 per cent on Monday, while the NSE Nifty Private Bank index slipped 0.93 per cent.  State Bank of India, the country’s largest lender, on Sunday […]

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Niti Aayog Plans Rs 1 Crore Prize for e-Payments

The Niti Aayog has planned an incentive scheme, including a Rs one crore prize, to those who use digital payments systems the most as the government steps up measures to push electronic transactions. It has asked the National Payment Corporation of India (NPCI) to conceptualize and launch the programme to incentivize digital payments. Sources said Rs 125 crore would be […]

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