The proposed merger, expected to be effective from 1 April next year, will lead to the creation of the country's second-largest lender after State Bank of India, with a total business volume of about Rs 18 lakh crore
Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
The complete harmonisation among the three entities would take another 12 to 14 months after the merger
Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB
UBI counts on one-time settlement scheme for Rs 4,000-cr NPA recovery in FY20; may raise fund up to Rs 1,500 cr
UBI had posted an overall net loss of Rs 2,316 crore in the last fiscal, owing to a rise in stressed assets and muted loan book growth.
The Economic Survey is an annual document which, reviews the developments in the economy over the previous 12 months.
Expect to come out of PCA framework in second quarter current financial year: United Bank of India MD
Pradhan said UBI is not growing due to lack of capital. Last year the bank got Rs 5000 crore which will help us to meet the regulatory requirements, Pradhan said
Firstpost Editor's Picks: UBI's adoption, Hindu girls' conversion in Pakistan, Siegfried Aikman interview; today's must-read stories
Universal basic income (UBI), until Rahul Gandhi's promise of it on Monday, is a concept which has so far had little traction in our part of the world. No country till now has adopted a full basic income.
Rahul Gandhi's minimum income pledge: Congress looks to checkmate BJP by changing narrative ahead of LS polls
The Congress scored over its rival by setting an agenda around its poll promise and forcing the BJP to respond.
Rahul Gandhi’s promise of minimum income: Yes, India’s poor need assistance to develop skills and earn jobs, but surely not begging bowls
The 2016-17 economic survey had estimated that implementation of UBI will cost India 4.9 percent of the GDP
Rahul Gandhi's minimum income guarantee scheme based on idea of Universal Basic Income: The concept and its feasibility
A Universal Basic Income scheme involves paying all citizens a certain monthly sum unconditionally, regardless of whether they work and how much they earn.
Vendors unable to avail bank loans in absence of ID cards to be issued by BBMP
As economists nitpick on the economy’s growth numbers - the new bling in the Indian politics, the parallel undercurrent of direct income transfers as an idea whose time has come is undeniable.
The paltry sum of Rs 21 per day would still be a revolutionary gift if it would be given by a sensitive government as an add-on benefit to the poor
Net NPA ratio stood at 10.02 percent as against 9.04 percent for the year-ago period.
How long should `welfare’ be allowed to be a cloak for unchecked leakage, diversion and corruption from government programmes?
Advantage of UBI is a very interesting way of overcoming the problem of governmental targeted spending, said Arvind Subramanian
Economic Surevypoints out that UBI should be an alternative, not an add-on, to the various social welfare schemes currently in force
In a year when the pressure will be high on the government to meet its fiscal deficit targets while reviving the economy post-demonetisation, the budget cannot afford to incorporate a radical move like UBI