Bank Strike on 22 August 2017

Bank Strike on 22 August 2017

UFBU has called all India Bank Strike on 22nd August 2017. A meeting of UFBU was held at Mumbai on 28th June 2017 to discuss and decide on the further course of action on the present moves of the Government against the Public Sector Banks and also the wage revision...
15 GMs recommended for ED Post by Bank Board Bureau

15 GMs recommended for ED Post by Bank Board Bureau

15 General Managers of Public Sector Banks have been recommended by Banks Board Bureau to the Government of India for the post of Executive Directors in Public Sector Banks. These recommendations are based on interactions held by the Banks Board Bureau with eligible...
200 rupees notes printing started by RBI

200 rupees notes printing started by RBI

Soon you’ll see a 200 rupees currency note in market. For the first time Rs.200 note will be introduced. RBI has cleared the proposal and placed order for printing of new 200 rupees notes. These notes will be printed in one of the Government owned facility. The...
Merger News – Canara Bank to merge Vijaya Bank & Dena Bank

Merger News – Canara Bank to merge Vijaya Bank & Dena Bank

There is a possibility that Canara Bank will acquire Vijaya Bank and Dena Bank as the Government wants to create a few big Banks instead of various small banks. According to sources, Vijaya Bank and Dena Bank will be merged first and a new entity will be formed. This...
SBI mandate for 11th BPS for upto Scale III only

SBI mandate for 11th BPS for upto Scale III only

The first meeting for negotiating to salaries of Banks employees under 11th Bipartite Settlement has already taken place on May 2. UFBU has submitted the summary of demands, however, detailed charter of demand is yet to be submitted. But now it has come to light that...