Government has given a big pay hike for RBI Governor Urjit Patel and Deputy Governors of RBI. Basic salary of Urjit Patel, RBI Governor has been increased from Rs.90,000 per month to Rs.2,50,000 per month and that of deputy governors, it has been increased from Rs.80,000 per month to Rs.2,25,000 Read more…
Bank of Maharashtra has reported that the bank has lost Rs.25 crores due to a fraud through UPI app. The fraud took place due to a bug in UPI , which was used by a some people in Aurangabad. How the fraud took place: A few people discovered that 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…
The mobile wallet company Paytm has noticed that people were earning money by exploiting a flaw in the paytm wallet system. Some people were adding money to their paytm wallet using credit card, which earns them some loyalty/ reward points and then transferring the money from the paytm wallet to 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…
Reserve Bank of India has launched an App of its website. The app can be downloaded for Android and Apple devices. The RBI app can be searched on play store or apple store using keyword ‘Reserve Bank of India’. [irp posts=”2147″ name=”DA for Bank Employees from May 2017″] Read: How people 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…
The latest initiative to promote digital transaction, Bharat QR Code platform has been launched for making payment directly through bank without using physical debit or credit card at merchant outlets. MasterCard, American Express, National Payment Corporation of India (NPCI) and Visa have collaborated to promote the Bharat QR payment method. Read more…
United Forum of Bank Unions (UFBU) has decided to go on one day all India Strike on 28th February 2017. Schedule of program to be followed is: 13.02.2017 Press Release at all State Capitals and major centres (Common Press Note of UFBU, to be released by all the constituent unions) Read more…