BEFI extends support to strike call by RRB employees

The Bank Employees' Federation of India (BEFI) today came out in support of a two-day national strike by employees and officers of regional rural banks ( RRBs) protesting against the government's move of alleged privatisation on March 10-11."The union supports the genuine demands of RRB employees and appeals to the central government to stop privatisation moves and resolve the long pending issues of the employees," said P Venkataramaiah, General Secretary, BEFI, Andhra Pradesh and Telangana, in a statement here."We appeal all the bank employees...

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RRB employees call two-day strike on Thursday and Friday

Regional rural banks (RRB) employees and officers have called for a two-day all India strike on Thursday and Friday to protest against the government's plan to privatise these entities and outsourcing of banking services. They are also demanding pension-provident fund facilities in line with mainstream commercial banks.All India Rural Bank Employees' Association said that rural banking services would come to a halt on these two days as employees of 56 RRBs will join the strike.RRBs have about 2000 branches across the country. They are also...

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Moody's affirms ICICI Bank's ratings on strong capital buffers

Moody's Investors Service today affirmed its ratings on ICICI Bank due to the healthy capital adequacy of the country's largest private sector lender despite some reverses on asset quality."Moody's expects asset quality for ICICI Bank's corporate loans will remain under pressure, even beyond the quarter ending March 2016...the bank has significant buffers to withstand a meaningful deterioration in asset quality," the international ratings agency said in a note.The bank's long-term local and foreign currency bank deposit ratings have been affirmed...

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Axis Bank’s forex prepaid card

Axis Bank on Wednesday announced the launch of a forex prepaid card, issued in conjunction with Diners Club International. The card will run on the Discover Global Network, the third-largest payments network in the world, providing cardholders global acceptance. The bank said cardholders will have access to more than 35 million merchant locations and more than one million ATM and cash access locations across 185 countries. Corporate and leisure cardholders travelling abroad, especially to the US, China, Japan and Korea, will benefit, the bank...

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Allahabad Bank organises roadshow on NPAs

State-run Allahabad Bank, on Tuesday, organised a country-wide road show to create awareness among the public about recovery in non-performing asset (NPA) accounts.Bank’s staff along with top executives carrying placards gathered near the residence/offices of select large NPA borrowers during the road show to silently impress on the urgency of repayment and regularisation of loan accounts, Allahabad Bank said in a release. Source : Thehindubusinesslin...

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