11th bipartite settlement – Charter of Demand
May15

11th bipartite settlement – Charter of Demand

11th Bipartite Settlement is due from 1st November 2017. Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement for Bank Employees. The charter of demand for wage revision is 104 pages long. See...

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9 Useful Excel Tips for Bankers
May10

9 Useful Excel Tips for Bankers

Excel is a powerful tool, which can save your hours, if you know how to use it correctly. We have complied some basic but very useful tips for beginner excel users. 1.Insert & delete Rows with Keyboard shortcut To insert a new row between the existing rows, use this keyboard shortcut. Suppose you want to insert row between 6 & 7 Place the cursor cell A7 then hit Sift & Space, entire row will be selected, then hit Ctrl...

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Bank to pay Rs.1 lac for not informing Rejection of Loan
May03

Bank to pay Rs.1 lac for not informing Rejection of Loan

State Consumer Disputes Redressal Commission, Maharashtra directed Bank of Baroda to pay Rs.1 lac as compensation for not informing the rejection of housing loan and reasons thereof. Jayprakash R.Kushwaha entered into an agreement for purchase of house, in a Co.Op. Housing Society for Rs.4 lakh on 12/3/2007 and gave Rs.87,000/- as advance. Rest of amount of Rs.3,13,000/- was to be paid by obtaining loan from the bank. Before execution...

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DA for Bank Employees from May 2017
Apr29

DA for Bank Employees from May 2017

Actual DA for Bank Employees from May 2017 will decrease by 1.40%. With the release of CPI data for the month of March 2017, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) See: Actual DA for May 2017 to July 2017 Have you filed your Income Tax Return for FY 2016-17? Average CPI for 3 months works out to 6261.91. By deducting 4440 slabs (which were merged in basic pay in...

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10 Public Sector Banks asked to cut cost
Apr26

10 Public Sector Banks asked to cut cost

According to media reports, 10 public sector banks have been asked by the Ministry of Finance, Government of India, to cut cost, in order to get fresh capital infusion, which was promised by the Government under Indradhanush program. The list of these banks include Uco Bank, United Bank, Allahabad Bank, Dena Bank, Indian Overseas Bank, Vijaya Bank, Central Bank of India, Bank of Maharashtra and IDBI Bank. The Government has set some...

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How to pass JAIIB in first attempt
Apr08

How to pass JAIIB in first attempt

If you have just joined the banking Industry, you must have applied for JAIIB or if not yet, you’ll be applying soon. And one thing everyone wants to know is how to pass JAIIB in first attempt. The obvious reason for clearing JAIIB i.e., Junior Associate of Indian Institute of Bankers is to get an extra increment. So sooner you pass the JAIIB exam, earlier you get an extra increment. If you have joined as Scale – I Officer (P.O.),...

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