Articles
Merger of Banks – Disadvantages for Bank Employees
Earlier since the Government gave its in principle approval for merger of public sector banks, it is a hot topic of discussion among bankers. And specially now after the approval for merger of Bank of Baroda, Dena Bank and Vijaya Bank, a common banker is really concerned. Bankers are afraid Read more…
Articles
Bank of Baroda, Dena Bank and Vijaya Bank Merger announced by Govt.
The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third-largest lender, Financial Services Secretary Rajeev Kumar said Monday. Boards of the three banks will examine amalgamation proposal, Rajeev Kumar told a news conference He said the banking sector needed reforms and the government Read more…
Articles
Government asks RBI to identify banks for merger
The government has asked the Reserve Bank of India (RBI) to prepare a list of candidates for merger among 21 government banks as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. In a meeting this month, finance ministry officials also asked Read more…
Articles
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 banks are Read more…
Misc.
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 unions in consultation with the Ministry Read more…
Articles
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 Read more…
Articles
Indian Banks incur losses of Rs 70k Crores due to frauds in the Last Three Fiscals
It seems that the bad days for the banking sector are far from over and it has been confirmed with the reply given by the Minister of State for Finance, Shiv Pratap Shukla at the Rajya Sabha. Quoting the RBI figures, he has informed the upper house that the Indian Read more…
Articles
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 planned approach towards investments Read more…
Articles
DA for Bank Employees from May 2018 [Confirmed]
DA for Bank Employees increased merely by 2 slabs from May 2018 to July 2018. (Read: How DA for Bank Employees is calculated). DA CHART FOR BANK OFFICER STAFF FROM MAY 2018 DA CHART FOR BANK WORKMEN STAFF FROM MAY 2018 Comprehensive guide to Credit Appraisal Process in Banks DA slabs Read more…