If you have just joined the banking Industry, you must have applied for JAIIB or if not yet, you’ll be applying soon. And one thing everyone wants to know is how to pass JAIIB in first attempt. The obvious reason Read more…
12 Bipartite Settlement for revision of bank employees’ salary and service conditions is due from 1st November 2022. However, Charter of Demands is yet to be submitted by Bank Unions to IBA. The process of negotiations on the demands of Read more…
Wage Revision of banks employees is done through bipartite settlement between UFBU and IBA. 12th bipartite settlement is due from 1st November 2012. UFBU is yet to submit charter of demand for the settlement. As such, there is no significant Read more…
What is 12th Bipartite Settlement? Salary and other allowances/ emoluments of bank employees are revised every 5 year through bipartite settlement (BPS) between bank unions (UFBU – United Forum of Bank Unions) and IBA (Indian Bank Association). Next Salary revision Read more…
Interest Coverage Ratio signifies the company company’s ability to pay interest on the outstanding debt. It is calculated to measure company’s profits in comparison to its interest obligation. ICR determines that how easily (or with difficulty) an entity can pay Read more…
At present, the process for getting KCC finance requires customer to visit a bank branch in-person along with the proof of land ownership and other documents. Sometimes, the customer may be required to visit the bank branch multiple times. The Read more…
DA for Bankers is expected to increase for the quarter November 2022 to January 2022. CPI data for the month of July 2022 has been released, which is 129.90. This has increased by 0.70 points over June 2022. Assuming that Read more…
Quick mortality is a term used in banking for loan accounts which turn bad (classified as Non Performing Assets or NPA) within a period of one year. The term signifies that account died quickly. A loan account is termed as Read more…
Unions of Public Sector Insurers demand wage revision before restructuring: “The management and the government wanted to discuss the restructuring of the four primary insures as suggested by the Ernst & Young (EY) whereas the unions wanted the wage revision Read more…
The Central Bureau of Investigation has arrested a Branch Sales Manager, ICICI Bank, Bhuteshwar Branch, Mathura (Uttar Pradesh) and a Sales Executive(Outsource employee of said Bank) for demanding & accepting bribe of Rs.50,000/- from the Complainant. A case was registered Read more…
The new labour code is talking about permitting four days working in a week in the country. And the Banking Industry is still dreaming about getting a 5 days banking in week. Bankers are demanding for 5 days working in Read more…