Finance Ministry Asks PSBs to Prepare for Three-Day Bank Strike From September 28
The Finance Ministry has asked public-sector banks to make adequate preparations ahead of a three-day nationwide bank strike scheduled from September 28 to 30, as employee unions continue to press for a five-day banking week. Finance Ministry officials met chief executives of public-sector banks on September 21 to review contingency measures and minimise disruption to […]
Bandhan Bank Promoter to Gradually Cut Stake to Meet RBI’s 26% Norm by 2030
Bandhan Financial Services, the promoter of Bandhan Bank, plans to reduce its stake in the lender gradually to comply with Reserve Bank of India regulations, instead of making a large stake sale in a single transaction. Under the bank’s licensing agreement with the RBI, the promoter is required to bring its shareholding in Bandhan Bank […]
