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"indian-banks-association"

  • SC: Banks cannot blacklist advocates over negligence allegations alone

    The Supreme Court ruled that banks and the Indian Banks’ Association cannot place advocates on caution lists solely over allegations of professional negligence. It said disciplinary action against lawyers falls exclusively within the jurisdiction of the Bar Councils under the Advocates Act
  • Bank unions to go on two-day nationwide strike

    Talks with Indian Banks’ Association over key demands, including recruitment in all cadres and a five-day workweek, fail to yield positive outcome
  • Bank employees to get 17% annual wage hike; 5-day work week awaits govt approval

    As many as 8 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2022.
  • IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank

    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
  • IBA reaches out to govt for refund of compound interest waiver by banks

    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.
  • Banking services may get affected due to strike: Canara Bank

    Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike.
  • Link accounts with Aadhaar: Finance Minister to banks

    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
  • SC asks Centre, RBI to file Kamath panel suggestions on debt restructuring

    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.

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