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Public sector bank employees are paid fixed salaries, which, according to the survey, does not encourage risk-taking and innovation. Although PSBs control 70% of India’s banking market, they lag considerably in performance metrics when compared to their peers. The proposal comes when the Indian Banks’ Association and bank unions have been negotiating wage increases. Last…

MUMBAI: HDFC Bank on Wednesday said that normalcy has been restored to its net banking and a “glitch” that affected its online services for nearly three days has been resolved. Responding to customers, the bank said that the “technical glitch” has been recti…