AskBanking – Get solution to all your banking FAQs
Banking FAQs & HowTo Guide
Government is propagating New Idea for Merging the Public Sector Bank on each new day. This time they have floated the concept of region wise merging of Public Sector Banks (PSB). As Finance minister already intimated that they would start the consolidation and merging of Public Sector Bank without any waiting time or financial reform, the […]
Government of India, Ministry of Finance has hinted today that next round of Public Sector Bank merger is coming very soon, where few of Public sector bank will be merged for better consolidation. This may be done before the 11th Bipartite Settlement of bank employees. Government also stated that they lost their patience and wanted […]
State Bank of India (SBI) is fortune 500 company, an Indian multinational, public sector banking and financial services company. State Bank is government of India owned entity headquarters in Mumbai, Maharashtra. After merging with other five associates bank on 01.04.2017 i.e. State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State […]
What could be worst that this ? Once the iconic brand of Indian consumer durable segment ‘Videocon’ is now defaulter to Public sector bank. Videocon loan account with Dena Bank is declared by lender as ‘Bad’ and classified under None Performing Assets (NPA). Read : Does Banking Act amendments Really help in Resolving NPA’s ? Account […]
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 […]
by 
