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SC order on interest waiver: PSU banks may have to take Rs 2,000cr hit


SC order on interest waiver: PSU banks may have to take Rs 2,000cr hit
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SC order on interest waiver: PSU banks may have to take Rs 2,000cr hit
PTI / Updated: Apr 4, 2021, 11:30 IST
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NEW DELHI: Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said.
The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 and the scheme covered all borrowers including the prompt one who did not avail moratorium. ....

Supreme Court , Indian Bank Association , Reserve Bank , Business News , Psu Banks , November Last Year , Loan Accounts , Compound Interest , Bank Of India , உச்ச நீதிமன்றம் , இந்தியன் வங்கி சங்கம் , இருப்பு வங்கி , வணிக செய்தி , ப்ஸ்யூ வங்கிகள் , நவம்பர் கடந்த ஆண்டு , கடன் கணக்குகள் , கலவை ஆர்வம் , வங்கி ஆஃப் இந்தியா ,

PSU banks may have to take Rs 2,000 crore hit


PSU banks may have to take Rs 2,000 crore hit
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Last Updated: Apr 04, 2021, 11:12 AM IST
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Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 and the scheme covered all borrowers including the prompt one who did not avail moratorium.
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Public sector banks may have to bear a burden of Rs 1,800-2,000 crore arising due to a recent Supreme Court judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020, sources said.
The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21 and the scheme covered all borrowers including the prompt one who did not avail moratorium. ....

Supreme Court , Indian Bank Association , Reserve Bank , Compound Interest , Loan Moratorium , Indian Banks Association , உச்ச நீதிமன்றம் , இந்தியன் வங்கி சங்கம் , இருப்பு வங்கி , கலவை ஆர்வம் , இந்தியன் வங்கிகள் சங்கம் ,

IBA announces nine-year equality research project


IBA announces nine-year equality research project
09-03-2021
18-06-2020
The International Bar Association (IBA) has launched a new nine-year project to uncover the causes of gender inequality at the most senior levels of the legal profession.
IBA’s new
‘50/50 by 2030’ project a reference to the
The project looks to identify whether current diversity initiatives are having any impact on inequality and to ultimately provide a blueprint for achieving gender parity in senior practices by 2030.
Research will be undertaken across 15 different countries in Africa, Europe, Latin America, the Middle East and North America.
‘We need a global legal profession that not only understands and appreciates the need for diversity and gender equality but will take action to ensure their realisation,” said IBA president Sternford Moyo. ....

United States , Sternford Moyo , Acebo Pombo , Almudena Arp , Lexisnexis Rule Of Law Foundation , United Nations Sustainable Development , International Women Day , International Bar Association , Nations Sustainable Development , Gender Equality , International Women , Lexisnexis Rule , Latin America , Middle East , Law Foundation , Gómez Acebo Amp Pombo , ஒன்றுபட்டது மாநிலங்களில் , லெக்ஷ்ிஸ்னேக்ஷிச் ஆட்சி ஆஃப் சட்டம் அடித்தளம் , ஒன்றுபட்டது நாடுகள் நிலையான வளர்ச்சி , சர்வதேச பெண்கள் நாள் , சர்வதேச மதுக்கூடம் சங்கம் , நாடுகள் நிலையான வளர்ச்சி , ஜெஂடர் சமத்துவம் , சர்வதேச பெண்கள் , லெக்ஷ்ிஸ்னேக்ஷிச் ஆட்சி , லத்தீன் அமெரிக்கா ,

Canara Bank's services may get hit later in March due to proposed strike


Canara Bank s services may get hit later in March due to proposed strike
Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike
PTI | March 4, 2021 | Updated 10:58 IST
Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike
Public sector lender Canara Bank on Thursday said that banking services may get affected later this month due to the proposed strike by several bank unions.
We have been informed by the Indian Banks Association (IBA) that the United Forum of Bank Unions (UFBU) has given a call for strike in the banking industry on March 15 and March 16, for issues relating to industry level and not for any bank-level issues, Canara Bank said in a regulatory filing. ....

Indian Bank Association , Canara Bank , United Forum Of Bank Unions , Canara Bank On , United Forum , Bank Unions , Bank Unions In India , Indian Banks Association , இந்தியன் வங்கி சங்கம் , கனரா வங்கி , ஒன்றுபட்டது மன்றம் ஆஃப் வங்கி தொழிற்சங்கங்கள் , கனரா வங்கி ஆன் , ஒன்றுபட்டது மன்றம் , வங்கி தொழிற்சங்கங்கள் , வங்கி தொழிற்சங்கங்கள் இல் இந்தியா , இந்தியன் வங்கிகள் சங்கம் ,

Indian Banks' Association calls bank unions for meeting today


Indian Banks’ Association calls bank unions for meeting today
Indian Banks’ Association calls bank unions for meeting today
In A Move To Prevent The Nationwide Bankers’ Strike On August 22, The Indian Banks’ Association (IBA) And The Chief Labour Commissioner Have Called The United Forum Of Bank Unions (UFBU) For Talks On Wednesday, A Top Leader Of All India Bank Employees’ Association Said.
News Nation Bureau | Edited By : Prakhar Sharma
| Updated on: 16 Aug 2017, 11:03:25 AM
New Delhi:
In a move to prevent the nationwide bankers’ strike on August 22, the Indian Banks’ Association (IBA) and the Chief Labour Commissioner have called the United Forum of Bank Unions (UFBU) for talks on Wednesday, a top leader of All India Bank Employees’ Association said.  ....

New Delhi , India Bank Employee Association , Indian Bank Association , United Forum Of Bank Unions , Chief Labour Commissioner , United Forum , Bank Unions , All India Bank Employee Association , Latest India News , Download News Nation , Indian Banks Association , Bank Strike , All India Bank Strike , India News , புதியது டெல்ஹி , இந்தியா வங்கி ஊழியர் சங்கம் , இந்தியன் வங்கி சங்கம் , ஒன்றுபட்டது மன்றம் ஆஃப் வங்கி தொழிற்சங்கங்கள் , தலைமை தொழிலாளர் ஆணையர் , ஒன்றுபட்டது மன்றம் , வங்கி தொழிற்சங்கங்கள் , அனைத்தும் இந்தியா வங்கி ஊழியர் சங்கம் , சமீபத்தியது இந்தியா செய்தி , பதிவிறக்க Tamil செய்தி தேசம் , இந்தியன் வங்கிகள் சங்கம் , வங்கி வேலைநிறுத்தம் ,