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Revised Performance Linked Incentive Calculator for Public Sector Banks

by Askbanking November 24, 2024November 24, 2024 11th Bipartite Settlement, Bank Account Queries, Banking HowTo, Banking News, Careers & Jobs, Demonetization, Financial Calculator, IMPS, Insurance, Internet Banking, Jeevan Pramaan, Loan FAQ, Loan Ratio, Mobile Banking, NPS, Professional Tax, Salary Structure, SBI, Share & StocksLeave a comment

Revised Performance Linked Incentive Calculator for Public Sector Banks – The Finance Ministry has unveiled a performance-linked incentive (PLI) scheme for the senior executives of public sector banks (PSBs) i.e. Chief Manager, AGM, DGM, General Managers and CGM than MD & CEO including Executive Directors. The PLI ceiling for Managing Director & Chief Executive Officers and […]

Banking News

Public Sector Banks To Give 100 Crore Loan to MSME, Collateral Free Without Guarantee

by Askbanking November 10, 2024 Banking News1 Comment

Finance Minister Nirmala Sitharaman announced a new credit guarantee scheme for MSMEs, offering collateral-free loans up to Rs 100 crore without any Guarantee like CGTMSE. This scheme may help the MSME borrowers to come out of the difficulties faced by MSMEs in obtaining term loans for machinery and expansion. Madam Sitharaman highlighted that banks will […]

Banking News

Public Sector Banks Are Given Additional MSME Targets for FY 2024-25

by Askbanking November 10, 2024 Banking News1 Comment

Public Sector Banks MSME Target has been revised – In a Bid to boost MSME Sector, the FM Finance minister Nirmala Sitharaman on Saturday increased the lending target for public sector banks in lending to micro, small and medium enterprises (MSME) the current financial year by nearly 35%. I want to set a new target… […]

Banking News Canara Bank

Canara Bank Official Twitter ‘X’ Handle Hacked

by Askbanking June 23, 2024 Banking News, Canara BankLeave a comment

Canara Bank Official Twitter ‘X’ handle hacked – Public sector Canara Bank has announced that its official social media handle on X was hacked, Canara Bank on Sunday acknowledged it, saying their X handle has been compromised. The hacker changed the username of the handle to ‘ether.fi’. The official account (@canarabank) has around 2.55 lakh […]

Banking News

SBI To Handle Paytm UPI Business

by Askbanking March 14, 2024 Banking NewsLeave a comment

Paytm UPI Business got SBI Support – The country’s largest lender State Bank of India, SBI joined hand with One97 Communications, which runs Paytm brand and applications, for its consumer UPI payments. Paytm’s UPI was powered by Paytm Payments Bank Limited (PPBL) and since the RBI’s action on the latter, the mobile payments company has […]

Banking News

PSB Employees Get 17% Salary Hike with 5 Days Banking

by Askbanking March 8, 2024March 11, 2024 Banking News1 Comment

PSB Employees Get 17% Salary Hike with 5 Days Banking in recently signed 12th Bipartite Salary Revision Joint Note between IBA and UFBU (A joint union of Public Sector Bank Employees). The new salary will be paid since 1st Nov 2022, the due date for the implementation of the 12th Bipartite Wage Revision. Also Read […]

Banking News

SBI Seeks Time to Give Details About Electoral Bonds

by Askbanking March 5, 2024 Banking NewsLeave a comment

SBI seeks time to give details about electoral bonds and moves supreme court, seeks more time to furnish electoral bond details : Citing operational difficulty, State Bank of India has moved the Supreme Court for extending the date to submit details of electoral bonds till June 30, 2024. Earlier, the Court had asked the bank […]

Banking News

RBI Bans IIFL Finance From Sanctioning Gold Loans

by Askbanking March 4, 2024March 4, 2024 Banking News1 Comment

RBI Bans IIFL Finance From Sanctioning Gold Loans and disbursement from immediate effect. RBI has stopped the IIFL from financing the Gold Loan due to certain material supervisory concerns which were observed in its gold loan portfolio. The Reserve Bank of India (RBI) identified that IIFL Finance had surpassed allowable cash collections and lacked transparency […]