Department of Financial Service, under Union Ministry of Finance in a circular stated, "Government conveys no objection to the Association advising Public Sector Banks (PSB) to рау family pension at a uniform rate of 30 per cent of pay of the deceased employee, without any ceiling on family pension effective from 1.4.2021."
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Now, in RBI as an Executive Director, Ajay Kumar will be responsible for the departments of currency management, foreign exchange, and premises.
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The bank said it may offer a discount of not more than 5 percent on the floor price to the subscribers of the issue.
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The EASE 4.0 policy is the Union Government reform agenda for public banks with the objective of institutionalising clean and smart banking. The review meeting headed by Sitharaman was to review the financial performance of the lenders and progress made by PSBs, in order to support the Indian economy affected by the ongoing Coronavirus pandemic.
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Banks to go for second credit outreach in all districts of the country from October
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'The need of the hour is twofold: first, continue the monetary policy support to the economy; and second, remain watchful of any durable inflationary pressures and sustained price momentum in key components so as to bring back the CPI inflation to 4 per cent over a period of time in a non-disruptive manner,' he said.
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These changes were made by amending the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, according to the gazette notification issued by the Finance Ministry on August 19, 2021.
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ED started the money laundering probe on the basis of an First Information Report (FIR) filed by Central Bureau of Investigation (CBI) against VMC Systems Limited (VMCSL). As per the Central Agency, "VMCSL had taken loans from a consortium of Banks and the present dues outstanding to all the Banks is worth Rs. 3,316 Crore."
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The largest private sector lender managed to get final pricing of 3.7 percent on the coupon as against initial guidance of 4.125 percent, while the final subscriptions stood at $3.2 billion, arrangers to the issue said.
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Jain's appointment is extendable based on his performance by upto two years, or till attaining the age of superannuation (i.e.January 31, 2024)
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