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The All India Bank Officers' Confederation (AIBOC) has warned that public sector banks (PSBs) in India are in danger of privatisation, despite the crucial role they play in promoting financial inclusion and mobilising savings. Since their nationalisation in 1969, PSBs have channelled funds to vital sectors such as agriculture, small and medium-sized enterprises, education and infrastructure among others.
On June 8, the RBI issued a circular which said that regulated entities may undertake compromise settlements of accounts categorised as wilful defaulters, without prejudice to the criminal proceedings against them. While some bankers say it will help to recover money faster, unions argue it will promote fraudsters.
business bureauall india bank officers’ confederation (aiboc) and all india bank employees association (aibea), representing the collective voice of more than 6 lakh bank employees, vehemently criticised the recent move by the rese
Samahar Natya Gosthee will be organizing the 14th annual Brajanath Sharma Memorial Inter-State Drama Festival in September with the participation of theatre groups from across Assam and outside.
DHAKA, June 8, 2023 (BSS) - In observance of the golden jubilee of World Environment Day, Rosatom State Corporation of