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Gratuity increase for bankers – Lok Sabha passes the bill

Lok Sabha today passed the amendment in Payment of Gratuity Act to increase the Gratuity ceiling to Rs.20 lacs. The…

7 years ago

Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade Credits

Reviewing the guidelines after PNB fraud of Rs.1200+ crores, RBI vide notification dated 13 March 2018 discontinued issuance of LOU/…

7 years ago

Passport Details must for more than 50 Crore loan

Finance Ministry on Saturday said passport details will be made mandatory for loans of more than Rs.50 crore from state…

7 years ago

RBI imposes Rs.5 Crore Penalty on Airtel Payment Bank

The Reserve Bank of India (RBI) has imposed penalty of ₹ 5 crores on Airtel Payments Bank Limited for contravening…

7 years ago

Bankers’ protest on 21st March at Jantar Mantar

United Forum of Bank Employees Unions (UFBU) has planned a massive Dharna at Jantar Mantar in Delhi on 21st March…

7 years ago

Why Uco Bank has to pay Rs.1 lac fine to its ex-officer [Supreme Court Decision]

Supreme Court directed Uco Bank to pay fine of Rs.1 lac to one of its retired officer for unnecessarily litigate…

7 years ago

Canara, PNB, UBI, PSB and Andhra Bank may face PCA

5 Public sector banks are on the verge of being put under Prompt Corrective Action plan by Reserve Bank of…

7 years ago

Changes in Priority Sector Guidelines

RBI, vide notification dated March 01, 2018 amended the priority sector guidelines. Following are the changes made in priority sector…

7 years ago

Gratuity Bill amendment to be tabled in Lok Sabha on 5th March 2018

Government will table the The Payment of Gratuity (Amendment) Bill 2017 in Lok Sabha on 5th March 2018. The bill…

7 years ago

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BankersClub.in is visited by around 100,000 bankers per month. Show your skills and write for the other fellow bankers. If…

7 years ago