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 Read more…
Excel is a powerful tool, which can save your hours, if you know how to use it correctly. We have compiled 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 Read more…
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 Read more…
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 Read more…
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 Read more…
Reserve Bank of India issued notification today that all Agency Banks to remain open for public on Saturday 25th March and Sunday 26th March 2017 too, for transacting Government Business. The notification says The Government of India has advised that all Pay and Account Offices will remain open on all Read more…
What was the impact of demonetization on banks? Staff of Monetary Policy Department of RBI prepared a paper describing how demonetization affected the banks. Read: How people are exploiting Paytm flaw to earn money Impact on Balance Sheet and Profitability of Banks Demonetization has had a significant impact on the balance Read more…
Difference between first Charge and 2nd Charge and pari passu charge has been explained in this article. Meaning of Charge in Banking: Evidence of a lien or mortgage that secures the repayment of a loan. So when we say, charged asset, it refers to the assets mortgaged or under lien Read more…
Public Sector Bank Employees were on strike today, which was called by United Forum of Bank Unions (UFBU). C H Venkatachalam, General Secretary, All India Bank Employees’ Association said that around 85,000 branches of commercial banks, 105,000 branches of co-operative bank and others are on strike. What was the effect Read more…
There were rumors in the public that new currency notes of denominations of Rs.500 and Rs.200 having something scribbled on them are not legal tender. Various incidence of branches of some banks not accepting, if there is scribbling on currency notes, have also come into light. You may imagine a Read more…