When will 11th Bipartite Settlement take place?

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...
Merger of Banks – Disadvantages for Bank Employees

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...
How much Foreign Currency permitted to carry abroad?

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...
Quarterly results of public sector banks for June 2017.

Quarterly results of public sector banks for June 2017.

We are giving a comparison of quarterly results of all major public sector banks in India.   Indian Overseas Bank Tops the list in terms of NPA, having net NPA of 14.97% and reported loss of Rs.499.09 crores for the quarter ending June 2017.   Uco Bank...

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