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Employees' union voice concerns against privatising BoM - The Hindu BusinessLine


Employees’ union voice concerns against privatising BoM
February 16, 2021
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Bank of Maharashtra’s (BoM) employees’ union wants the government to maintain the public sector character of the bank in the backdrop of the problems that two private sector banks – YES Bank and Lakshmi Vilas Bank – and a host of urban co-operative banks (UCBs) faced in the recent past.
“Customers are scared of private sector banks, more particularly after the YES Bank episode. In Maharashtra, Punjab and Maharashtra Co-operative Bank customers have suffered a lot.
“The Reserve Bank of India (RBI) has cancelled the licence of Subhadra Local Area Bank (Kolhapur) from private sector and Shivam Sahakari Bank (Ichalkaranji, Kolhapur) and The Karad Janata Sahakari Bank (Karad) from UCB sector,” said Devidas Tuljapurkar, General Secretary, All India Bank of Maharashtra Employees Federation (AIBoMEF), in a statement. ....

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3 Point Analysis | Watch latest Videos on 3 Point Analysis


January 04, 2021 06:46 PM IST
The Drug Controller General of India (DCGI) on January 3 granted permission for restricted emergency use of the AstraZeneca-Oxford University and Bharat Biotech Covid-19 vaccines. The approval was based on the recommendations of the Subject Expert Committee (SEC), which reviewed the data on safety and immunogenicity of the two vaccines. However, post the announcement it is India’s indigenous vaccine which has found itself in the middle of a controversy. Here’s why.
January 01, 2021 05:18 PM IST
All calls from Reliance Jio to other networks in India to be free from January 1, as the Interconnect Usage Charge (IUC) regime ends. Moneycontrol s Sakshi Batra does a 3 -Point Analysis to find out what this means for the industry at large ....

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Karad Janata Sahakari Bank's licence cancelled by RBI: What will happen to its depositors?

Karad Janata Sahakari Bank's licence cancelled by RBI: What will happen to its depositors?
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