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Monday, December 13, 2021

Bank unions ready to defer strike, if govt drops plan to introduce Banking Privatisation Bill: AIBEA

All eyes on the conciliation meeting to held on December 14

from Business Line - Money & Banking https://ift.tt/3lYliii
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Processed over 1 bn merchant transactions in Nov 2021, offline payments up 200 pc YoY: PhonePe

PhonePe said offline merchant transactions on its platform have shown 200 per cent growth since last year, and it processed over a billion P2M (peer to merchant) transactions in the month of November.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dKKKmT
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ICICI Bank scraps bell curve assessment: Hikes standardised, no more targets based on individual performance

Hikes and bonuses will now be linked directly to the bank's performance, meaning increases for most staff will be identical and will be directly related to its profitability, two people familiar with the development said. The HR policy restructuring is an extension of its vision under chief executive Sandeep Bakhshi focused on "one bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/3DN9fKH
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Sunday, December 12, 2021

Kotak Mahindra Bank appoints Ashu Suyash as director

The appointment is effective from January 24, 2022, up to January 23, 2027, the private sector lender said in a statement. Suyash was managing director of rating agency CRISIL.

from Banking/Finance-Industry-Economic Times https://ift.tt/3IKYLzt
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Bank of Maharashtra lowers home loan rate to 6.40%

State-owned Bank of Maharashtra (BoM) on Sunday announced a cut in interest rate on home loans to an all-time low of 6.40 per cent, from the existing 6.80 per cent under the 'Retail Bonanza-Festive Dhamaka' offer.

from Banking/Finance-Industry-Economic Times https://ift.tt/3F3A8vH
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