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 is not easy. 1. Human Read more…
All India Bank Officers’ Confederation (AIBOC) has condemned the in principle approval of cabinate for merger of Public Sector Banks. AIBOC said that “in the Parliament the Minister of State stated that there is no plan for merger. The announcement of merger plan just after a day of successful Nationwide strike Read more…
Dealings in foreign exchange transactions in India is governed by the Foreign Exchange Management Act, 1999. In this article, we have explained that How much currency can a person take with him while travelling abroad and in which form. Total Foreign Currency remittance from India is allowed upto USD 2,50,000 Read more…
As already decided UFBU and Bank Unions to go ahead with the All India Bank Strike on 22nd August 2017 as the conciliation meeting before Chief Labour Commissioner failed. UFBU informed that a conciliation meeting between IBA and UFBU was held on 19th August before the Chief Labour Commissioner in Read more…
We are giving a comparison of quarterly results of all major public sector banks in India. Indian Overseas Bank Tops the list in terms of NPA, having net NPA of 14.97% and reported loss of Rs.499.09 crores for the quarter ending June 2017. Uco Bank reported highest loss Read more…
These are some of the useful books for bankers to enhance their skills in banking. Credit Appraisal, Risk Analysis & Decision Making This book contains comprehensive material on credit appraisal, to help the officials in commercial banks and financial institutions. It features – analysis of financial statements, profit & loss Read more…
UFBU has called all India Bank Strike on 22nd August 2017. A meeting of UFBU was held at Mumbai on 28th June 2017 to discuss and decide on the further course of action on the present moves of the Government against the Public Sector Banks and also the wage revision issues. After deliberation Read more…
Dearness Allowance has increased by 2.20% for Bank Employees for the period August 2017 to October 2017. In other words, there is increase of 22 slabs in DA for bankers. (Read how DA for Bank Employees is calculated). [irp posts=”2346″ name=”Summary of Charter of demand for 11th Bipartite Settlement”] [irp posts=”2483″ name=”Merger Read more…
15 General Managers of Public Sector Banks have been recommended by Banks Board Bureau to the Government of India for the post of Executive Directors in Public Sector Banks. These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in Public Read more…
There is a possibility that Canara Bank will acquire Vijaya Bank and Dena Bank as the Government wants to create a few big Banks instead of various small banks. According to sources, Vijaya Bank and Dena Bank will be merged first and a new entity will be formed. This new Read more…