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Talks with Indian Banks’ Association over key demands, including recruitment in all cadres and a five-day workweek, fail to yield positive outcome

As many as 8 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2022.

Having secured licence from Registrar of Companies, Indian Banks' Association will move an application to RBI to set up Rs 6,000-cr National Asset Reconstruction Company Ltd or bad bank

The RBI on March 27 last year announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic.

Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike.

Minister said the financial inclusion story is not over and banks still have inclusion to carry forward. There are many accounts which are not linked with Aadhaar

The apex court's direction came after the Finance Ministry decided to grant relief to individual borrowers as well as medium and small industries by agreeing to waive compound interest.