DA for Bank Employees from August 2018

DA for Bank Employees from August 2018

DA for Bank Employees is increased by 12 slabs from August 2018 to October 2018. As such bankers to get 1.2% higher DA from the month of August 2018. Read: How DA for Bank Employees is calculated. DA Chart for Bank Officer Staff from August 2018 DA Chart for Bank...
Common portal for retail loans by Public Sector Banks

Common portal for retail loans by Public Sector Banks

State-run banks are mulling a common portal where they could offer competitive and instant personal, housing and other retail loans based on the creditworthiness of the borrower. The government is expected to help the banks set up such a portal which at some later...
Notice served through WhatsApp to a defaulter is valid

Notice served through WhatsApp to a defaulter is valid

If a borrower has defaulted in repayment of loan or credit card and is avoiding service of notice by frequently changing his residence, notice can be served to him through WhatsApp and that will be a valid service. This has been ruled by Bombay High Court. One Rohidas...
AIBOC urges Delhi High Court to quash RBI Circular

AIBOC urges Delhi High Court to quash RBI Circular

All India Bank Officers’ Confederation (AIBOC), the biggest union of banks has filed a writ petition in the Delhi High Court challenging the Reserve Bank of India’s (RBI’s) February 12 circular that bankruptcy proceedings to be initiated after a borrower defaults a...