If you work in a public sector bank, you already know the feeling — a customer is waiting, the manager is watching, and you're clicking through four screens just to issue a cheque book. Finacle 10 commands solve exactly that problem. Instead of navigating menus one by one, you type Read more…
If you have recently joined a bank or are preparing to enroll for JAIIB, one question matters most: how do you clear it in the first attempt? The stakes are real — clearing JAIIB earns you an extra increment of ₹2,000 plus DA and other allowances per month on a Read more…
When a bank borrower defaults, investigators and credit officers must determine how the money was used — and whether the default was wilful. Two specific terms defined by RBI in its Wilful Defaulters Directions, 2024 (effective November 1, 2024) are central to this determination: diversion of funds and siphoning of Read more…
The Nayak Committee method — also called the Simplified Turnover Method (STM) — is one of the most frequently tested topics in JAIIB and bank promotion exams, and one of the most widely used tools for assessing working capital requirements of small businesses. This guide covers the correct formula, step-by-step Read more…
Pari passu charge is one of the most commonly used security structures in consortium and multiple banking arrangements in India. When two or more banks lend to the same borrower against the same asset, understanding pari passu charge becomes essential for every credit officer, branch manager and JAIIB aspirant. This Read more…
Finance minister has approved revision in CGM level post in public sector banks. Earlier, the CGM (Chief General Manager) post was permitted in select banks, however, finance ministry has now allowed the it in all public sector banks irrespective of size of business. CGM is a scale VIII level designation Read more…
As per AIBOC Circular dated 13.09.2023, the officers’ associations today, submitted a Supplementary Charter of Demand to the IBA incorporating many more points based on the current scenario in the industry. The Supplementary Charter of Demand is as under: • For sickness of “Special Child”, sick leave should be sanctioned Read more…
Wage revision for bankers is due since November 2022, which is to be finalized through 12th Bipartite Settlement between employees unions and IBA. To discuss the issues regarding the ongoing salary revision, a meeting between IBA and UFBU was held on 31.08.2023. UFBU message regarding the outcome of meeting held Read more…
DA for Bankers is expected to increase for the quarter May 2023 to July 2023. CPI data for the month of January 2023 has been released, which is 132.80. Dearness Allowance for Bank Employees is 588 slabs, which translates to 41.16% for the present quarter of February to April 2023. Read more…
If you’re a banker, you know that staying up-to-date on industry trends and best practices is crucial to your success. One way to do this is by reading books that provide insight and guidance on the world of banking. In this post, we’ll recommend a few must-read books for bankers Read more…