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I request banks to take back 100% of their principal amount: Vijay Mallya Asked about heading back to India, he noted: I should be where my family is, where my interests are Current Affairs : Alcohol big shot Vijay Mallya by and by requested that the Indian banks reclaim 100 percent of the chief sum owed to them toward the finish of his three-day British High Court advance on Thursday against a removal request to India. The 64-year-old previous Kingfisher Airlines chief, needed in India on charges of misrepresentation and illegal tax avoidance adding up to a supposed Rs 9,000 crores in unpaid bank credits, said the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are battling about similar resources and not treating him sensibly simultaneously. I demand the manages an account with collapsed hands, take 100 percent of your chief back, promptly, he said outside the Royal Courts of Justice in London. The Enforcement Directorate joined the benefit...

IBA rejects bankers’ demand for five-day work week, sticks to 12% wage hike The unions have been demanding a five-day work week since a long time Current Affairs :The Indian Banks’ Association (IBA) has officially declined a solicitation from representative associations to keep bank offices open for five days per week, while likewise communicating failure to climb compensation by more than its proposition of 12 percent. It has not consented to the recommendation following perspectives on some “significant partners”, as indicated by a roundabout gave by the staff associations, under the umbrella of the United Forum of Bank Unions (UFBU). The associations need to consent to the IBA’s choice for it to be executed. The bank administrations, spoke to by the IBA, have told the associations that a 12 percent climb in wages will cost open segment banks (PSBs) more than Rs 6,300 crore yearly. “The bank administrations feel this isn’t a lucky time to actualize five-day working w...