Indian Banking Industry News, Banking Industry, Banking Analysis, Banking Sector, Banking Companies in India
Bank strike likely on Feb 28, may dent services

Operations at public sector banks may be hit on Tuesday as most unions under the aegis of UFBU have threatened to go on strike to press for various demands, including accountability of top executives in view of mounting bad loans in the banking sector.

 
 
Delhi police have arrested a 27-year-old employee of a cash loading company over allegedly replacing real notes with fake notes in an ATM.
The recent economic survey mentioned about formation of a bad bank that will purchase stressed assets and take them to resolution.
Majority of consumers in the country are ready to move away from cash and adopt mobile payments for their purchases, says a report.
 
 
There will be plenty of challenges for the merged entity and there is also a fear that management bandwidth would go on resolving these issues.
All the five associates will merge with State Bank of India from April 1, in the largest consolidation exercise in the banking history of India.
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