Indian Banks Association
31 Jan 2020
Banks go on a strike: Which services would be affected?
Across India, banking services are expected to be impacted greatly this weekend as bank unions go on strike from today (January 31, 2020).
15 Jan 2020
Bank unions announce nationwide strike on Jan 31, Feb 1
Bank employee unions on Wednesday announced a two-day nationwide strike starting January 31.
13 Mar 2018
PNB Fraud Fallout: RBI discontinues LoUs/LoCs issuance for trade credits
Learning from the multi-crore PNB scam, involving jewelers Nirav Modi and Mehul Choksi, the Reserve Bank of India has decided to discontinue issuance of LoUs (letters of undertaking) and LoCs (letters of comfort) as trade credits for imports into the country.
25 Feb 2018
RBI to banks: Link SWIFT, Core Banking Solution by April
The Reserve Bank of India (RBI) has set April 30 as the deadline for banks to integrate SWIFT (Society for Worldwide Interbank Financial Telecommunication) with Core Banking Solutions (CBS), as it looks to strengthen internal controls after the PNB fraud case.
01 Mar 2017
Bank strike paralyses operations across the country
Operations were severely hit as public sector banks remained shut and ATMs went dry during the one-day strike by United Forum of Bank Unions. Private banks functioned as usual.
28 Feb 2017
Government banks on strike today, wage hike among other demands
Nine bank unions today held a day-long protest over several demands, including wage revision and accountability of top executives, in view of mounting bad loans in the banking sector.