PNB Board Approves Rs. 5,431-Crore Capital Infusion From Government

October 15, 2018

New Delhi: State-run Punjab National Bank’s board on Thursday approved a proposal for capital infusion of Rs.5,431 crore from the central government by way of preferential issue of equity shares. Following the board meeting, the PNB said in a regulatory filing that the capital infusion by the Centre would be through the preferential allotment of the bank’s equity shares at a price determined as per Sebi regulations. Sebi or Securities and Exchange…

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Did not issue five-day strike call in Nov, says AIBEA

October 15, 2018

The All India Bank Employees’ Association (AIBEA) has denied issuing any circular calling for five days of bank strike in November-end demanding wage hike, said a top official on Monday. He also said the bank unions have rejected the Indian Banks’ Association’s (IBA) proposal to link bankers’ wages to operating profits and return on assets (ROA) as only about six banks would be able to give higher wages over and…

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SBI Net Banking May Get Blocked If Mobile Number Is Not Registered By December 1

October 15, 2018

Internet banking users of State Bank of India (SBI) are required to register their mobile number (if not done earlier) with the lender by December 1, 2018, said the country’s largest bank. Customers who fail to register it before the deadline, will not be able to access the internet banking facilities of SBI, the lender said on its online portal- onlinesbi.com. “Attention INB (Internet Banking) users, please register your mobile…

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