After the two-day strike on January 31 and February 1 by the Bank Unions, Bank Employees Federation of India (BEFI) and the All India Bank Employees’ Association (AIBEA) informed that a three-day nationwide bank strike will be observed from March 11 to 13. The strike has been called after talks over wage revision failed to […]

The government is likely to notify the merger of 10 public sector banks to create four big lenders later this week, as they have completed the groundwork for the same, two people familiar with the development said. After it is notified, the respective bank boards will meet to give their customary final approval and fix

The country’s largest lender, State Bank of India (SBI), has slashed the interest rate on fixed deposits(FDs), also known as term deposits by 10-50 basis points (bps) in the retail segment and 25-50 bps in the bulk segment. These interest rates are applicable with effect from today (10th February) on the FDs. “In view of

SBI Alert! State Bank of India may block your bank account after 28th February; do this fast or face trouble SBI Alert: The State Bank of India (SBI) has issued an important public notice to the SBI account holders asking them to complete their KYC and avoid future inconveniences in the banking procedures. The largest

Reserve Bank of India Governor Shaktikanta Das appeared to be in a flamboyant mood when he started unveiling the latest monetary policy review — the last for the current financial year and the first for the current calendar year. It was widely believed that with the retail inflation touching 7.35 per cent rate in December

Indian food, when done right, comes in a thali — a metal plate with half a dozen or more little bowls of vegetables, pickles, and so on. The word of the week in India is “thalinomics”: The government’s official survey of the Indian economy, published a few days ago, introduced the word to talk about

Market benchmark Sensex jumped over 100 points in the opening session on Thursday ahead of the outcome of Reserve Bank of India’s monetary policy review amid strong cues from global markets. The 30-share BSE index was trading 125.32 points or 0.30 per cent higher at 41,267.98, and the broader NSE advanced 46.20 points, or 0.38

NEW DELHI: Taxpayers can switch back and forth between the existing income tax regime and the new one that offers lower slabs without exemptions, said Central Board of Direct Taxes (CBDT) chairman PC Mody. However, business owners won’t have this option. “Let it be very clearly noted that this is an optional scheme — there’s