9 Executive Directors appointed in Public Sector Banks

On the recommendations of Bank Board Bureau, Appointment Committee of Cabinet has elevated 9 General Managers to Executive Directors in different Public Sector Banks. Two GMs have been elevated to Executive Director post in the same Bank. 1. Bajrang Singh Shekhawat,...

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All Finacle 10 Commands

Finacle 10 or Finacle X is the latest buzz in Banking Industry. Some Banks have already migrated to Finacle 10 whereas some are under implementation. Finacle 10 is the upgraded version of the flagship product of Infosys, which is being worldwide bank various banks. If...

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What is RBI’s 5/25 Scheme?

Infrastructure and core industries projects have a long gestation periods and large capital investments. The repayment period for loans to such sectors should be corresponding to their gestation period of cash flows. However, Banks were unable to provide such long...

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Why Merger of Public Sector Banks is not Easy

Even though the Government has given its in principle approval for merger of public sector, the merger process will not be an easy one. Merging such huge banks with huge infrastructure and manpower will have many roadblocks. Let's see why merger of public sector banks...

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When will 11th Bipartite Settlement take place?

Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA.  11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet...

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Merger of Banks – Disadvantages for Bank Employees

As the Government has given its in principle approval for merger of public sector banks, it has become a hot topic of discussion among bankers. The bankers are afraid of the mergers because this is going to affect them. Unions of Bank employees are also opposing the...

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