From today, two days national wide strike called by public as well as private sector banks belonging to United Forum of Bank Unions (UFBU), hitting banking services in the country protesting against banking amendment of the proposed Banking Law Bill.
Meanwhile, services such as deposit, withdrawal and clearing are being affected in around all banks, including State Bank of India because of strike. Read more
Good news for investors, the govt. has stepped forward to make India’s second largest public sector bank on basis of yearly profits as State-owned Bank of Baroda (BoB) has planned to overtake PNB.
However from last few months, investment market situation worsen a lot, reducing sharply slope of economy due to inflation and rupee weaken, but with all these issues, performance of banks is not downed. Read more
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