Trade unions and bank management, government have had longstanding friction on the wage issue. For several years, unions have complained about wages for PSU bankers being far below government servants, forget the private sector counterparts. With wage disparity between the public and private sector bank employees being a longstanding problem, this has triggered debates among top central bankers. … [Read more...] about IBA, Bank unions agree on 15% wage hike
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"Only thing is that now banks have more delegation (power) and there will be board level resolution policy and the discretion on whether you would like to take it (the case) to insolvency and bankruptcy proceedings or like to settle it outside that... (now) that decision is with the banks," he said. … [Read more...] about RBI circular a welcome step; provides more freedom to bankers: IBA
The bad bank is back on the discussion table. The Indian Banking Association (IBA), the industry lobby of banks, is reportedly considering an asset reconstruction company (ARC)-asset management company (AMC) model to create a bad bank and segregate all bad assets from public sector and private banks into a separate entity. There is no clarity as of now on the final contours of the proposed bad bank and, more importantly, the capital structure. … [Read more...] about Business Insight | What is a bad bank and can it resolve the NPA problem?
"COVID-19 linked clampdown on spending by advertisers dragged advertising revenues sharply, especially on Entertainment. However, TV subscription revenue remained resilient, and Digital subscriptions have accelerated which both limited the fall in operating revenue. Viewership in both TV and Digital media rose substantially during the lockdown," TV18 said in its BSE filing. … [Read more...] about TV18 Broadcast posts Q1 profit of Rs 2 crore, TV subscription revenues remain resilient
“I was like, ‘Okay, Black woman—I have time for you! Let’s chat,” Lawson says. “We had a very candid conversation about where do you want to be as a professional? And I want to learn. This is my first time working under a Black woman in such a high position of power in a corporate space. Coming from a place where there were very few Black employees, that was personal for me. In conjunction to doing great work, I wanted to work under great Black leadership and see how I can model that myself for my future.” … [Read more...] about Inside Netflix’s Strong Black Lead: How the streamer showcases a variety of Black experiences