Press Release in response to adverse social message on select banks

Press Release in response to adverse social message on select banks
Indian Banks’ Association
PRESS RELEASE 
INDIAN BANKS’ ASSOCIATION

There are reports in some segments of social media messages based on misinformed communications and spreading tålse information about the adverse financial strength and future of some of public sector Banks arising out of Prompt Corrective Action framework (PCA) Of RBI.

It is clarified by [BA that these rumors are baseless. RBI has initiated prompt corrective action in respect of public sector Banks where certain thresholds on capital and asset quality are breached . The PCA framework of RBI is in existence from 2002 . The corrective measures under PCA will help improve overall performance of these Banks. IBA assures general public and depositors that there is no cause for fear or panic and they should not fall prey to false reports and their money is safe.

Attention Of general public and depositors is also invited to RBI clarification through their press release on 5th June 2017 in this regard for more informed view of the matter.

sd/-
Chairman
Indian Banks’ Association

Authority: www.iba.org.in

Comments

Post a Comment

Popular posts from this blog

Granting 7th CPC Allowances to the employees of Autonomous Organizations, Statutory Bodies – Finmin issued orders on 26.7.2017

Granting 7th CPC Allowances to the employees of Autonomous Organizations, Statutory Bodies – Finmin issued orders on 26.7.2017 Revision of Rates of Allowances to the employee working in Quasi-Government Organizations, Autonomous Organizations, Statutory Bodies -regarding F.No.1/2/2016-E-III(A) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi dated the 26th July, 2017 OFFICE MEMORANDUM Subject : Revision of rates of Allowances – extension of Government decisions on the recommendations the 7th Central Pay Commission in respect of employees of Quasi-Government Organizations, Autonomous Organizations, Statutory Bodies set-up by and funded/controlled by the Central Government-regarding. The undersigned is directed to invite attention to this Department’s OM of even number dated 13/1/2017, regarding extension of revised pay scales based on the recommendations of the 7th Central Pay Commission in respect of employees of Qunsi-Go
Read more

7th CPC National Anomaly Committee Meeting Agenda Items – July 2017

Image
7th CPC National Anomaly Committee Meeting Agenda Items – July 2017 AGENDA ITEMS FOR THE MEETING OF NATIONAL ANOMALY COMMITTEE The Secretary General, Confederation addressed to Com.Shiv Gopal Mishra, Secretarystaffside, NJCM on the items to take up in the Anomaly Committee meeting…. Ref: Confdn/JCM NC/Anomaly/2016-19 Dated – 03.07.2017 To Shri Shiv Gopal Mishra Secretary National Council, Staff Side (JCM) 13-C, Feroz Shah Road New Delhi – 110001 Dear Comrade, Sub: – Agenda items for the meeting of the National Anomaly committee. Ref:- Ministry of Personnel, PG and Pensions, Department of Personnel & Training OM No. 11/2/2016-JCA dated 09.09.2016 and 29.10.2016. Please refer to the above mentioned OMs of Department of Personnel & Training. Three copies (Triplicate) of the proposed agenda items for the meeting of National Anomaly Committee is enclosed herewith. The same may please be included in the items to be Submitted to Deputy Secretary (JCA), M
Read more

Flexi fare in Premium Trains

Flexi fare in Premium Trains Railways regularly monitor earning and occupancy of all trains including trains under flexi fare scheme. Review of all existing schemes is a continuous and ongoing process to effect further improvement. Accordingly, an interim review of the flexi fare scheme has been made and the following changes were made with effect from 20.12.2016 :- (i) 10% rebate in basic fare on vacant berths/seats after preparation of first chart in Rajdhani, Shatabdi and Duronto trains. (ii) Tatkal quota has been reduced in flexi fare trains from maximum 30% to 10% of the total available berths. (iii) Discounted fare has been offered in T. No. 12015/12016 New Delhi-Ajmer Shatabdi Express for the passengers travelling between Jaipur-Ajmer and Ajmer-Jaipur and in T.No. 12007/12008 Chennai Central-Mysuru Shatabdi Express for the passengers travelling between Bengaluru-Mysuru and Mysuru- Bengaluru. Operating cost of running of passenger services is increasing year after year
Read more