Bank Holidays in March 2024: The Indian Government has asked all banks handling government transactions to stay open on March 31, 2024 (Sunday).
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Banking
Banking
Government greenlights a 17% salary increase for 110,000 LIC employees
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A 17% salary increase for 110,000 LIC employees starting August 1, 2022. NPS contribution raised to 14% for those who joined after April 1, 2010. Over 30,000 pensioners receive ex-gratia …
Banking
Banks have agreed to increase wages by 17% to bank employees  and implement a public holiday on all Saturdays, pending government approval
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The All India Bank Officers’ Confederation stated that approximately 800,000 bank employees would benefit from the wage increase, which would result in an annual expenditure of Rs 8,284 crore for …
Banking
LIC receives a tax refund of Rs 21,741 crore from the Income Tax department; ₹3,700 crore pending
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The Life Insurance Corporation (LIC) has received more than Rs 21,740 crore in refunds from the income-tax department, with an extra Rs 3,700 crore still awaited. These reimbursements, stemming from …
Banking
Axis Bank shares dropped by 2% following allegations by Swamy of a Rs 5,100-crore scam
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On February 15, Axis Bank shares declined over 2% in afternoon trading following a report that BJP leader Subramanian Swamy filed a case in the Delhi High Court, accusing the …
Banking
LIC’s Q3 Earnings surge by 49% YoY to Rs 9,444 crore; announces dividend of Rs 4 per share
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LIC’s net premium income increased by 4.7% year-on-year to Rs 1.17 lakh crore for the quarter, as reported in a regulatory filing.
DBS Group Holdings Ltd. reported a net profit of over $10 billion for 2023, exceeding its medium-term goal. CEO Piyush Gupta’s variable pay was reduced by 30% due to disruptions …