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Contrary to popular belief, private sector efficiency vis-a-vis public sector is a neoliberal construct for which there is little evidence or lived experience but is pushed, nevertheless, for private gains

Under the agreement reached on Wednesday, Performance Linked Incentive (PLI) will also be introduced for public sector bank staff and it will be based on operating or net profit of individual banks concerned

Economic fugitives Mehul Choksi's Gitanjali Gems and Jatin Mehta's Winsome Diamonds are among the top 10 defaulters which also includes ABG Shipyards, Rei Agro and Ruchi Soya

CH Venkatachalam, General Secretary, All India Bank Employees Association, said, \"The government expects the banks to lend Rs 3 lakh crore to the stressed MSMEs for helping them in coming out of the financial troubles. But where is the infrastructure to lend?\"

SBI latest news: Banks to go on a nationwide strike for 2 days starting from January 31. Here's all you need to know

Union Budget 2019: The common man and industry bodies alike hope that the first budget of the Modi 2.0 government will lower taxes, hike the income tax exemption threshold and revise the Section 80C deduction limit

Kingfisher boss Vijay Mallya also features in the list. He owes Rs 597.4 crore to the bank on the defunct airline's account.

Although IDBI Bank is technically a private entity, its controlling stake is with LIC, which a 100 per cent government controlled entity.

The IRDAI entered the picture because under current norms, an insurance company cannot hold more than 15 per cent stake in a company.

Given that the public sector banks alone control 75 per cent of the total business in the country, the public is sure to face some inconvenience till the strike ends, or is called off.

Claiming that bank staff is facing public anger due to cash crunch at banks and ATMs, the All-India Banks Employees Association (AIBEA) today threatened to launch an agitation as it blamed the government and the RBI for the situation.

The government should step into the ongoing PNB fraud case and keep out top management and officials until the probe is complete and accountability fixed, bank union AIBEA demanded today.

The number of employees who are yet to receive their dues for the overtime is estimated to be 4 lakh.

\"As the conciliation meeting with the Chief Labour Commissioner failed, we would continue with our strike call,\" All India Bank Employees' Association General Secretary CH Venkatachalam said.

The strike will be to protest against the anti-trade union and worker policies of the central government.

The All-India Bank Employees Association has given a call to all bank employees to observe nationwide strike on September 2 to protest against the proposed amendments to the labour laws.

\"More than 8,00,000 employees of PSU banks went on a day's strike on Wednesday to seek a salary hike and other benefits\", union officials said.