Page 4 - Indian Banks Association

IBA, United Forum of Bank Unions to meet on Saturday to close wage pact

The talks come just ahead of the mergers of four sets of state-run banks, effective from April 1

Banks, firms work on strategy for transition from LIBOR to new benchmark

Will be simple for loans, tricky for derivatives, say experts

Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra

According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trillion, there will still be a 40-45% year-on-year (YoY) decline

IBA to set up framework to address consortium, multiple lending issues

And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.

IBA rejects bankers' demand for five-day work week, sticks to 12% wage hike

The unions have been demanding a five-day work week since a long time

Indian banks trail global peers on e-sale capabilities, finds BCG study

Indian banks trail their global peers in three areas: Absence of personalised marketing messages, lack of straight-through processing, and low quality of in-app sales support

PMO calls for freezing of shell firms' bank accounts within two weeks

Finance Secretary S C Garg will chair a meeting on Thursday

Why it's sunset time for bilateral wage talks for state-run banks

What's dawning on all concerned is there is simply no way that state-run banks can dole out equal hikes to their staffers as has been the practice through the decades

IBA drafts new inter-creditor agreement for resolution of stressed assets

According to the new RBI norms, banks will have a "grace period" of 30 days to think of a plan after a "default" and a further 180 days to execute the plan

Indian Banks' Association proposes new wage hike formula to bank unions

Bank unions have opposed the proposal of linking pay to performance