Resolution of Stressed Assets – New RBI Guidelines

RBI, vide notification dated 12.02.2018 issued revised framework for resolution of Stressed Assets. In this notification, RBI has withdrawn the existing schemes such as CDR, SDR, S4A, JLF etc. For exposure of Rs.2000 crores and above, Banks need to resolve the default...

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No Physical Education Loan application in Banks

The Department of Financial Services has made it mandatory for all the banks to accept the education loan applications only through online mode. Banks have been directed not to accept education loan applications in physical form. Online education loan applications...

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Bank Strike on 15th March 2018

United Forum of Bank Unions (UFBU) has called one day all India strike on 15th March 2018 for early settlement of 11th bipartite. 11th Bipartite Settlement for increase in salaries of bank employees is already due from 1st November 2017. There has been rounds of...

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DA for Bank Employees from February 2018 [Confirmed]

DA for Bank Employees from February 2018 to April 2018 has to increased by 1.20 % (Read: How DA for Bank Employees is calculated). DA slabs for the next quarter, February 2018 to April 2018 will be 527 i.e., 52.80 %....

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CBI registers FIRs against 22 PNB employees in Loan Scam

CBI has registered FIR against 22 employees of Punjab National Bank for alleged fraudulent disbursement of loan to various parties during 2011 to 2016, who were in coal business. The case in related to around four branches Bhopal and Ujjain. In this connection, CBI...

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2 Bank Officials jailed for 3 years for cheating

In a cheating case of Rs.2.40 crores, two bank officials have been punished with three years rigorous imprisonment by a special CBI Court. In the instant case, a case was registered with CBI by the CVO of State Bank of Mysore's against Bhopal branch's the then Branch...

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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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