Bank Mergers: Is it the panacea for the Banking Sector?

Bank Mergers: Is it the panacea for the Banking Sector?

Merger of banks has been in the public discourse for quite some time now due to the fact that the sector is struggling to grow in the present scenario. The capital base is fast depleting, the NPA accounts are rising with unprecedented growth and the human resources of...
11th Bipartite Settlement for Bank Employees: Latest Updates

11th Bipartite Settlement for Bank Employees: Latest Updates

Bank employees across the country are eagerly waiting for the implementation of the 11th bipartite settlement for them to come into effect from November 01, 2017. The settlement is carried out by the joint meeting of the Indian Banks’ Association along with the bank...
30 months is the the Average delay in bank wage revision

30 months is the the Average delay in bank wage revision

There were 20 rounds of negotiations during the last BPS and it was delayed by 30 months. For next wage revision (11th bipartite settlement), which is already due from 1st November, 2017, charter of demand has been submitted by UFBU but negotiations are going on. As...
Possibilities of 5-Day Banking in India

Possibilities of 5-Day Banking in India

It is a long-pending demand of the bankers and bank unions that the banking should be made for 5 days a week instead of the recent practice of having 5 days banking only for two weeks and 6 days week for the rest. Prior to the 10th Bi-Partite Settlement that came into...
What is SIP? How does it work and Benefits of SIP

What is SIP? How does it work and Benefits of SIP

What is a Systematic Investment Plan? A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a...