Banks to hire Astrologers
Jan25

Banks to hire Astrologers

Soon you may see recruitment advertisement of a public sector bank, which will look something likes this – “Required ‘Astrologers’ having degree in astronomy, for a leading nationalized Bank.  The astrologer will be posted  in Head Office and Branches of the bank. Job profile of the astrologer will be to predict, if the business of a borrower will fail, if the borrower will default in future or if he will...

Read More
Bank Strike on 7th Feb 2017
Jan22

Bank Strike on 7th Feb 2017

In demand of a solution to the problems caused due to demonetisation and recovery of bad loans Bank Unions have called strike on 7th Feb 2017. All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA) and the Bank Employees Federation of India (BEFI) have issued a joint statement calling strike on 7th February. It says that entire banking sector was plunged in turmoil due to demonetisation issues. Read:...

Read More
5 Days working for Banks?
Jan22

5 Days working for Banks?

Update: The demand for 5 days week in banks has been included in charter of demand for 11th BPS. Soon there may be 5 days working in banks. Yes Bankers can now think about 5 Days Banking. The demand of 5 days working in banks was also taken up during the 10th bipartite settlement but the battle was half won. Bankers have been allowed to get off on two Saturdays only. A flower blooms again. Now (All India Bank Officers’...

Read More
Lowest interest on home loan
Jan11

Lowest interest on home loan

Looking for a housing loan? But not sure, which bank is offering Lowest Interest on home loan? Here we have compared the rate of interest offered by top lenders, so that you can get best home loan at lowest interest rate. Bank of Baroda Bank of Baroda is offering lowest interest on home loan in the India. But this is with some conditions. Yes, if you have good credit score, you can get housing loan from Bank of Baroda at MCLR, as on...

Read More
CGTMSE Cover Limit increased to Rs.2 Crores
Jan10

CGTMSE Cover Limit increased to Rs.2 Crores

On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till now, the coverage under CGTMSE is Rs.1 crores under which Micro, Small and Medium Enterprises can get collateral free loans. CGTMSE (Trust) has now issued circular on 9th January 2017 to increase the limit of CGTMSE coverage to Rs.2 crores in terms of PM’s annoucement. [Read: All about CGTMSE Scheme...

Read More
Attractive Pay Packages for Bankers – Vinod Rai
Jan06

Attractive Pay Packages for Bankers – Vinod Rai

There is good news for Public Sector Bank Employees. Vinod Rai, Chairman of Bank Board Bureau said that Bank Employees will get more attractive pay packages from next financial year (2017-18). This is to retain talent and attract more professionals in Public Sector Banks. The 11th Bipartite Settlement is also due in November 2017, for Government has already reminded the Banks thrice and AIBOC has clarified that they are in advanced...

Read More