Is our Mobile Banking App at Risk?

The mobile Banking App you are using on your Android phone may be at risk.  Quick Heal Security Labs has discovered an Android Banking Trojan that targets 232-plus banking and finance apps. The malware is called Android.banker.A9480. This is designed to steal login...

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UFBU’s letter to Ministry of Finance for Wage Revision

United Forum of Bank Unions (UFBU) has written a letter to Department of Financial Services, Ministry of Finance on the issue of wage revision in 11th bipartite settlement, which is due from 1st November 2017. UFBU has requested the Government to advise IBA to hold...

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Expected DA for Bank Employees from February 2018

DA for Bank Employees from February 2018 to April 2018 is expected to increased by 1.60 % (Read: How DA for Bank Employees is calculated). DA slabs for the next quarter, February 2018 to April 2018 are expected to be 528 i.e., 53.20 %. That means an expected increase...

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RBI imposes Rs.30 Million penalty on IndusInd Bank

Reserve Bank of India imposes a penalty of Rs.3 Crores on the private sector lender IndusInd Bank for non compliance with RBI guidelines and directions. RBI in a press release on on 13-12-17 stated that The Reserve Bank of India (RBI) has imposed on December 12, 2017,...

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Govt. to overhaul HR practices in Public Sector Banks

According to a news report, Central Government is seeking to revamp the existing practices in Human Resource and Risk Management in Public Sector Banks. Suggested changes include hiring in specialized verticals at senior levels from private sector, establishing...

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Bank Wage Revision Update – Meeting of Unions and IBA

Another round of discussion took place between Indian Bank Association and Workmen Union on 14th November 2017. Wage Revision by way of 11th Bipartite Settlement is due from 1st November 2017 and is pending. (In the meantime, DA for Bankers has increased by 3.80% from...

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