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Syndicate bank year ended 2016-2017 financial results declared. Bank has achieved the Net profit of Rs 358.95 Crores. Gross NPA of bank has raised to 8.50% where as Net NPA stood at 5.21%. CAR of the bank as on 31st March 2017 is 12.03%. The share price of bank is currently trading at Rs 91.95 […]
Government of India demoted two CEO’s of various public sector banks in India. The chief executive of Punjab National Bank (PNB) and Bank of India (BOI) are transferred. There were five another appointment made to different banks including IOB, BOI, PNB, Syndicate Bank, Allahabad Bank, Union Bank of India, Vijaya Bank. Usha Ananthasubramaniam of Punjab National […]
A lot of say about new Banking Regulation act amendment policy by the Central government, which empower RBI to tackle large Non Performing Accounts or NPA account customer more effectively. This new amendments is being brought by central government after much pressure from the banking industry to lower down the Non performing assets from public […]
RBI Grade B recruitment vacancies for officers 2017. Reserve Bank of India (RBI) has released the job notification for Grade B officers. There are approx 161 vacancies to filled in. Candidates may apply online before 23rd May 2017. This is the highest number of vacancies ever released by Reserve Bank of India. Job Vacancies: Officers […]
After Kingfisher Loan Default, it’s another jolt to Public Sector Bank in India. This time Zoom Developers Pvt Ltd who allegedly swindling Public Sector banks (PSB) for more than Rs 2650 crore. This scam is regarded as biggest cases of money laundering using trusts registered in offshore tax havens. Zoom Developers Pvt Ltd chairman Vijay Choudhary is having a […]
What could be the worst for public Sector Bank if RBI itself has decided the faith of Government Public Sector Banks ? RBI governor today advocated the merger of larger Public sector banks and said that it’s a good sign that Private bank are gaining market share. It is a good sign that the weaker banks […]
Public Sector Bank Merger is the burning topics in financial market of India. After successful merger of Associates bank and Bhartiya Mahila Bank with State Bank of India (SBI) , it’s time for some other banks to follow the footsteps. Earlier BBB head Vinod Rai already hinted that there would be merging of bigger bank. […]
11th Bipartite Settlement for Bank employees is due on 01st Nov 2017 but the demand of wage revision as per central government employees are already started among banker’s. Banker’s believe that their salary are not competitive as per the market scenario. They want their salary as competitive like their peers in private sector banks. There […]
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