All posts tagged: banking

All branches to remain open on May 25 and 26, full banking services assured

All branches to remain open on May 25 and 26, full banking services assured

Published by Webster

The State Bank of India (SBI) on Monday announced that the proposed two-day nationwide strike by its employees, scheduled for May 25 and 26, 2026, has been deferred, bringing major relief to customers across the country. In an official customer advisory posted on its official X handle, the country’s largest public sector lender stated, “This is to advise our esteemed customers that the proposed strike by the All India State Bank of India Staff Federation (AISBISF) on 25th and 26th May 2026 has been deferred. All our branches will function normally and provide all regular banking services.” Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Nationwide SBI strike from May 25 may disrupt banking services

Nationwide SBI strike from May 25 may disrupt banking services

Published by Webster

Employees of the State Bank of India (SBI), under the banner of the All India State Bank of India Staff Federation (AISBISF), have threatened to launch a two-day nationwide strike beginning May 25 over a series of demands, including the recruitment of adequate staff, reported ANI.  Banking operations may face prolonged disruption If the strike goes ahead, SBI’s banking operations across the country could face disruption for nearly five consecutive days, as the fourth Saturday and Sunday fall immediately before the proposed strike dates. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Iran to restore full banking services nationwide from Saturday, April 11

Iran to restore full banking services nationwide from Saturday, April 11

Published by Webster

All bank branches across Iran are set to resume full operations from Saturday, April 11, bringing an end to weeks of disruption in the country’s banking sector, according to state media. The reopening will cover branches nationwide, including head offices in Tehran, which will also return to normal functioning over the weekend. Iran’s Bank Coordination Council said the move is aimed at restoring full banking services after a period of limited operations caused by regional tensions. State-backed reports noted that “all bank branches across Iran will resume full operations starting Saturday,” with headquarters in Tehran also returning to regular activity. Iran embassy stops accepting donations, thanks Indians for support The Iranian Embassy in India has announced that it has deactivated the bank accounts that were earlier used to receive public donations. The move comes after weeks of financial contributions from people across India in support of Iran, reported ANI. In a post on X, the embassy said the decision was taken in appreciation of the support shown by Indian citizens. It stated, “In appreciation of …

Central bank revises banking correspondent classification | Business News

Central bank revises banking correspondent classification | Business News

Published by Parlour News

1 min readMumbaiApr 7, 2026 02:51 AM IST The RBI has proposed that in addition to bank branches, banking correspondents should be classified into two categories based on their assignments and suggested uniformity in fixing their wages. In the draft norms on branch authorisation released on Monday, the RBI proposed defining three types of delivery points — bank branches, Business Correspondent-Banking Outlet and Business Correspondent-Banking Touchpoint. Banking correspondents are assigned in remote areas to perform retail banking operations, expanding the reach of banks and helping in financial inclusion. Currently, there is no classification among business correspondents, while the commissions they get paid vary from bank to bank. As of June 2025, there were over 16 lakh business correspondents engaged by various lenders. Meanwhile, the RBI said the limits for FPI investment in Government Securities (G-Secs), State Government Securities (SGSs) and corporate bonds will remain unchanged at 6%, 2% and 15% respectively, of the outstanding stocks of securities for FY27 for the general route. Expand   © The Indian Express Pvt Ltd Disclaimer: We do not …

Bharat Bandh: Banking may be hit; transport and schools to function as usual

Bharat Bandh: Banking may be hit; transport and schools to function as usual

Published by Parlour News

Bank employees associated with the All India Bank Employees’ Association and Bank Employees’ Federation of Indiain Karnataka are expected to stay away from work. | Photo Credit: The Hindu The impact of nationwide general strike on Thursday called by various trade union organisations is likely to be minimal in Karnataka. While the banking services are likely to be affected in the State, public transport operations are expected to continue without major disruption. Schools are also set to function as usual, though the supply of midday meals may be impacted. The strike, called by central trade unions and supported by organisations representing agricultural, rural, and informal sector workers, is expected to witness participation across sectors in several States. Also Read | Bankers stage demonstration; exhibit solidarity to ‘Bharat Bandh’ Bank employees associated with the All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) in Karnataka are expected to stay away from work. However, in Karnataka, major transport utilities have indicated that commuter services are unlikely to be disrupted. The KSRTC Staff and Workers’ …

Banking operations to be hit on January 27 as unions to go on strike seeking five-day work week

Banking operations to be hit on January 27 as unions to go on strike seeking five-day work week

Published by Parlour News

Bank employees, under the banner of the United Forum of Bank Unions (UFBU), protest demanding the implementation of a five-day banking week in Bhopal. File | Photo Credit: ANI Banking operations of public sector banks across the country are likely to be impacted with the United Forum of Bank Unions (UFBU) deciding to go ahead with a nationwide strike on Tuesday (January 27, 2026) to press for the immediate implementation of a five-day work week. The strike call by the UFBU, an umbrella body of nine unions representing officers and employees, comes after a conciliation meeting on January 23 with the Chief Labour Commissioner failed to yield a positive outcome. With banks remaining closed on Sunday (January 25) and January 26 (Republic Day), the strike on Tuesday (January 27) will result in a disruption of branch-level services for three consecutive days. “Despite detailed discussions during the conciliation proceedings, there was no assurance on our demand. Hence, we have been compelled to proceed with the strike action,” All India Bank Employees Association (AIBEA), a constituent of …

Run For Money: PNB Flags Rs 2,434 Crore Borrowal Fraud Linked To Former SREI Promoters | Banking and Finance News

Run For Money: PNB Flags Rs 2,434 Crore Borrowal Fraud Linked To Former SREI Promoters | Banking and Finance News

Published by Webster

Last Updated:December 27, 2025, 04:28 IST The bank clarified that it has already made 100 per cent provisions for the entire outstanding amount The current fraud classification by PNB follows forensic audits—conducted by firms such as KPMG—that flagged irregularities including the siphoning of funds through “related-party transactions’ and the ‘evergreening’ of loans to mask non-performing assets. File image Punjab National Bank (PNB), the country’s third-largest public sector lender, has officially reported a substantial loan fraud of over Rs 2,434 crore to the Reserve Bank of India (RBI). The disclosure, made on Friday, involves the “erstwhile promoters” of two major non-banking financial companies (NBFCs): SREI Equipment Finance Limited (SEFL) and SREI Infrastructure Finance Limited (SIFL). The Breakdown The New Delhi-based bank provided a specific breakdown of the fraudulent exposure across the two entities in its regulatory filing. The fraud associated with SREI Equipment Finance is valued at Rs 1,240.94 crore, while the amount linked to SREI Infrastructure Finance stands at Rs 1,193.06 crore. These figures relate to “borrowal fraud”, a term used when borrowers misrepresent facts or …

Border 2 teaser review: Sunny Deol war drama uses emotion to sell a tale, banking on right mix of nostalgia and pride

Border 2 teaser review: Sunny Deol war drama uses emotion to sell a tale, banking on right mix of nostalgia and pride

Published by Parlour News

War dramas are supposed to bank on emotion. They need to be hair-raising, tear-jerking, and most of all, engaging. Think of the best war films India has made – from Haqeeqat to Shershaah, and they all tick all these boxes. Border, perhaps, is at the top of that list. 28 years ago, the JP Dutta film used all these tools in its arsenal to sell emotion as no war film has done before. As the teaser for Border 2 unrolled yesterday (December 16), a similar picture played out – a focus on emotions like nostalgia, pride, and patriotism, rather than technical finesse. Sunny Deol carries the Border 2 teaser on his able shoulders. But it worked. Border 2 teaser, particularly when Hindustan Meri Jaan begins to play, hit all the right notes. From Sunny Deol’s monologue to the heroes’ introductions, the film attempted to be larger-than-life while grounding itself with real stories. Is it perfect? By no means. However, the Border 2 teaser reveals that the Anurag Singh film isn’t aiming for perfection, but rather …

Build your career with IIM Lucknow’s FinTech, Banking and Applied Risk Management Programme for future-ready leaders

Build your career with IIM Lucknow’s FinTech, Banking and Applied Risk Management Programme for future-ready leaders

Published by Parlour News

The banking and finance sectors are transforming rapidly through digital innovation and shifting market dynamics. Technologies like FinTech, blockchain, open banking and digital finance are reshaping traditional systems with speed, transparency and customer focus. However, expanding digital ecosystems bring new risks—cyber threats, model risks and complex regulatory challenges—requiring adaptive frameworks. The convergence of finance and technology is now essential for competitiveness and resilience. Leaders who integrate innovation with sound governance can drive growth, ensure compliance and build trust. FinTech and risk management have become strategic levers that guide decision-making, sustain operations and secure the future of modern financial institutions. According to Boston Consulting Group (BCG), in emerging markets, for example India, fintechs grew ~35% over two years and are expected to reach US $190 billion by 2030. Even the most seasoned professionals have to improve their skills to navigate today’s rapid financial transformation. IIM Lucknow, with its strong expertise in finance, risk and digital business models, is the ideal place to begin this journey of adaptation and growth. IIM Lucknow’s FinTech, Banking and Applied Risk …

FalconX Partners With Standard Chartered to Serve Institutional Crypto Investors

FalconX Partners With Standard Chartered to Serve Institutional Crypto Investors

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FalconX, the US-based digital assets broker, announced on Wednesday is set to offer banking services to institutional clients, as part of a new partnership with Standard Chartered. The crypto platform claims that it executes over $1.5 trillion (roughly Rs. 1,27,97,325 crore) in trading value and serves over 600 institutional clients. Both the firms pointed to a rise in the demand for secure services related to digital assets, as the reason for announcing the initiative. These institutional investors will include asset managers, hedge funds, token issuers, and payment platforms. With the new partnership, FalconX said it will integrate the bank’s traditional finance infrastructure with its own offerings. This will let large-scale investors tap into an expanded range of currency pairs for investments. The clients will also be able to use Standard Chartered’s expertise to process reliable international settlements using digital assets. “We support trading and financing for some of the world’s largest institutions in digital asset markets, and this relationship strengthens our ability to deliver robust banking and FX solutions to clients who rely on us …