RBI imposes Rs.30 Million penalty on IndusInd Bank

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,...
Expected DA for Bank Employees from February 2018

Expected DA for Bank Employees from February 2018

DA for Bank Employees from February 2018 to April 2018 is expected to increased by 1.20 % (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., 52.80 %. That means an expected increase...
Govt. to overhaul HR practices in Public Sector Banks

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...

Bank Holidays in Delhi 2018

These are the bank holidays in Delhi for 2018 declared under Negotiable Instrument Act. List of holidays in Delhi for 2017 under Negotiable Instrument Act S. No Occasion/ Festival Date Day 1 Republic Day 26 Jan 2018 Friday 2 Holi 02 Mar 2018 Friday 3 Mahavir Jayanti...

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