Two-day all India strike from Monday may hit essential services

Some of the essential services related to banking, transportation, railways and electricity are likely to be impacted during a two-day nationwide strike called by a joint forum of central trade......

How Bank of India Plans To Counter Deposit Woes

A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business. Illustration: Dominic Xavier/Rediff.com Bank of India (BoI) will focus on 1,000......

PSBs prepare to open AT-1, Tier-2 bond floodgates

Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent......

MPS: FinMin may extend August deadline for PSBs, insurers

The finance ministry is in favour of extending the August deadline for public sector banks (PSBs) as well as insurance companies to increase their minimum public shareholding (MPS) to the mandated......

Vedanta demerger gets nod from majority of creditors, including SBI: Official

Mining conglomerate Vedanta Limited has received approvals from the majority of its creditors for a proposed demerger of businesses, marking an important step in the company's plan to split into......