Key highlights: Scheduled Banks’ Statement of Position in India as of March 21, 2025
Mumbai, April 5, 2025: The Reserve Bank of India (RBI) has released the Statement of Position for scheduled banks operating […]
Banking
Bank Unions Postpone Strike as Conciliation Talks Yield Positive Developments
Bank unions have decided to postpone their planned nationwide strike on March 24 and 25 following positive developments in their
Decade of Debt: The stark reality behind ₹16.35 lakh crore in bank loan write-offs
Indian banks have cumulatively written off a staggering ₹16.35 lakh crore in bad loans over the last ten financial years,
Bank Unions challenge minister’s claim on staff vacancies in PSBs
A fresh controversy has erupted over staffing levels in public sector banks (PSBs) after the Minister of State for Finance,
RBI imposes penalties on three financial institutions for regulatory breaches
On March 03, 2025, the Reserve Bank of India (RBI) imposed monetary penalties on three financial entities following statutory inspections
How consumerism is trapping India’s middle class in debt
It begins innocuously. A young professional lands a decent job and is suddenly bombarded with credit card offers and easy loans.
How to save the Indian banker
The first step involves strengthening employee trade unions. Trade unions have historically been instrumental in protecting workers’ rights, yet their influence has waned in recent years.
Budget 2025 fails to address core issues, says AIBEA
Venkatachalam of AIBEA has criticised the Union Budget saying the Government has failed to live up to the aspirations of the country.
“It is imperative that the government acts swiftly to revise commission structures”
Despite their critical role, BCs face several challenges, including outdated commission structures
AIBEA urges Government to strengthen PSBs ahead of Budget 2025
AIBEA reiterated its opposition to the privatization of public sector banks, particularly calling for the government to retain a minimum 51% stake in IDBI Bank. The letter also urged Bank of Baroda to merge its subsidiary, Nainital Bank, rather than selling it. Additionally, the association raised concerns about aggressive cross-selling of insurance products by banks, calling for a renewed focus on core banking services.