Sri Lanka’s Central Bank has proposed restructuring the beleaguered nation’s debt by recasting the outgo on the country’s pension funds and offering international sovereign bondholders a repayment plan that entails a 30% haircut. Addressing a media briefing in Colombo Thursday morning, Central Bank Governor Nandalal Weerasinghe unveiled the Ranil Wickremesinghe government’s domestic debt restructuring plan that seeks to protect local …
The Rajasthan High Court has recently observed that the employees of Central Co-Operative Bank, who remained out of service due to the latter's 'illogical' decision reducing the age of superannuation, are entitled to the salary for the said period.The Bank had passed a resolution, reducing the superannuation age from 60 to 58 years. The Rajasthan High Court has recently observed …
Four state-owned banks on Friday said the government has extended tenures of their top officials, including managing director and chief executive officers of Punjab National Bank and Bank of Maharashtra. The government has extended the tenures of executive directors of Punjab National Bank, Union Bank of India and Central Bank of India, among other top officials. Biswal's term has been …
Public sector lenders Union Bank of India and Central Bank of India on Friday said the government has extended tenures of their executive directors. The terms of UBI's executive directors -- Manas Ranjan Biswal and Gopal Singh Gusain -- have been extended vide a notification dated August 26, the lender said in a regulatory filing. Biswal's term has been extended …
The Indian Revenue Service officers association has written to Prime Minister Narendra Modi requesting him not to entertain proposals for extension, after superannuation, from any member of Central Board of Indirect Taxes and Customs as it demoralises the cadre. In a letter to the prime minister, the association said that its officers are highly agitated that seeking an extension of …