All Finacle 10 Commands

Finacle 10 or Finacle X is the latest buzz in Banking Industry. Some Banks have already migrated to Finacle 10 whereas some are under implementation. Finacle 10 is the upgraded version of the flagship product of Infosys, which is being worldwide bank various banks. If...

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What is RBI’s 5/25 Scheme?

Infrastructure and core industries projects have a long gestation periods and large capital investments. The repayment period for loans to such sectors should be corresponding to their gestation period of cash flows. However, Banks were unable to provide such long...

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Expected DA for Bank Employees from November 2017

  DA for Bank Employees from November 2017 to January 2018 is expected to increase by 3.80 % (Read: How DA for Bank Employees is calculated). Read : Charter of Demand for 11th Bipartite Settlement Consumer Price Index (CPI) for the month of July 2017 has been...

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Why Merger of Public Sector Banks is not Easy

Even though the Government has given its in principle approval for merger of public sector, the merger process will not be an easy one. Merging such huge banks with huge infrastructure and manpower will have many roadblocks. Let's see why merger of public sector banks...

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When will 11th Bipartite Settlement take place?

Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA.  11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet...

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Merger of Banks – Disadvantages for Bank Employees

As the Government has given its in principle approval for merger of public sector banks, it has become a hot topic of discussion among bankers. The bankers are afraid of the mergers because this is going to affect them. Unions of Bank employees are also opposing the...

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How much Foreign Currency permitted to carry abroad?

Dealings in foreign exchange transactions in India is governed by the Foreign Exchange Management Act, 1999. In this article, we have explained that How much currency can a person take with him while travelling abroad and in which form. Total Foreign Currency...

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