FinMin asks PSBs to undertake pilot of recent credit score evaluation mannequin for MSMEs  

According to its Price range announcement earlier this yr, the Finance Ministry has requested Public Sector Banks (PSBs) to undertake pilot programmes of the brand new credit score evaluation mannequin for MSMEs.  The Indian Banks Affiliation (IBA), which has been tasked with the duty to give you the brand new credit score evaluation mannequin, official sources … Read more

Banks agree to extend workers’ wage by 17%; IBA recommends Saturday as public vacation

The negotiating committee of the Indian Banks’ Affiliation (IBA) and Financial institution Officers’ Associations and workmen workers unions signed an settlement for a 17 per cent enhance in wage revision, translating right into a collective outgo of ₹12,589 crore for 12 public sector banks (PSBs) that are occasion to the twelfth industry-wide bipartite wage settlement. … Read more