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Tags : "indian banks"

Bank staff unions, Indian Banks’ Association agree on 15 per

NEW DELHI | MUMBAI: Bank employees’ unions and the Indian Banks’ Association (IBA) have reached an agreement for a 15 per cent annual hike in wages, a move that will result in an additional yearly outgo of nearly Rs 7,900 crore by lenders. The decision was taken at a meeting held between the IBA — […]Read More

Franklin Templeton Mutual Fund shutting six schemes matter of ‘grave

Franklin Templeton Mutual Fund’s decision to wind up six debt schemes is a matter of “grave concern” to investors, mutual fund industry and financial markets, senior Congress leader P Chidambaram said on Saturday, urging the government to act promptly to resolve the issue. In an unprecedented move, Franklin Templeton Mutual Fund has voluntarily decided to […]Read More