Government Approves New Senior Level Posts in Public Sector Banks

The Government of India has authorized the establishment of new senior-level roles in Public Sector Banks (PSBs), a major move intended to bolster the banking industry.  It is anticipated that this action will improve asset management, increase the effectiveness...

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Bank Unions Oppose Government’s modified PLI Scheme for Senior Officers in Bank

 The recent modifications to the Performance-Linked Incentive (PLI) program for top bank executives made by the Department of Financial Services (DFS), which is part of the Finance Ministry, have been vehemently challenged by the All India Bank Employees'...

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Banks must continue to innovate & transform: FM

On Friday, Nirmala Sitharaman, the finance minister, urged banks to embrace innovation and digital transformation, highlighting the necessity of adjusting to shifting consumer demands and technology breakthroughs.She made the following statement during a State...

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This Gold Bond scheme to be discontinued by Government

At a post-Budget media briefing on February 1, Finance Minister Nirmala Sitharaman said that the Sovereign Gold Bond (SGB) program, which was introduced in 2015 as a substitute for actual gold, would be withdrawn. Concerns regarding the program's effect on present...

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7th Vs 8th Pay Commission Calculator: What will be the Fitment Factor? How much will the salary increase? See the complete pay structure of Pay Level

The wait for the 8th Pay Commission for government employees and pensioners is now on. It is being speculated that the salary of the government employees (Central government employees) will increase by 20% to 30%. According to the government, more than 50 lakh...

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How much tax will salaried save on income after Budget 2025?

Salaried people will be able to save up to Rs 1,14,400 in income tax thanks to the new income tax bands that are envisaged under the new tax regime in Budget 2025. The income tax savings are based on the assumption that, under the new tax regime, an individual...

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Government will decrease share by 3% in one PSU Bank by March 2025

State-owned UCO Bank announced on Tuesday its plan to raise Rs.2,000 crore through a Qualified Institutional Placement (QIP) during the current quarter. A few days earlier, Punjab & Sind Bank had announced to raise funds via QIP. The government has approved...

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DFS taken high-level review meeting with MD&CEO of Public Sector Banks

Top representatives from Public Sector Banks (PSBs), Private Sector Banks, and senior executives from important financial institutions attended a high-level review meeting today, which was led by Shri M. Nagaraju, Secretary of the Department of Financial Services...

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