DA for Bankers is increased for the quarter February 2023 to April 2023. CPI data for the month of October, November and December 2022 has been released, which is as under: October 2022 132.50 November 2022 132.50 December 2022 132.30 Read: How to pass JAIIB in first attempt Read: Charter Read more…
12 Bipartite Settlement for revision of bank employees’ salary and service conditions is due from 1st November 2022. Finally, the Charter of Demands has been submitted by Bank Unions to IBA. Read: How to pass JAIIB in first attempt So What’s the status of Charter of demand? Four Officers’ Associations, Read more…
5 Days Banking is a long pending demand of Bankers. This demand has is being carried forward from one settlement to settlement. Two Saturday’s off was achieved in 2015 at the cost of giving away all Saturdays half days working. The issue is still under discussion between Bank Unions and 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 development and there seems no chances of bankers would get 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 for bankers will be through 12th Bipartite Settlement. When is 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 Turn Around Time (TAT) from loan application to disbursement has Read more…
Every credit department in an Indian public sector bank tracks one metric with extra anxiety: quick mortality. When a loan account — sanctioned after weeks of appraisal, site visits, and committee approvals — turns into a Non-Performing Asset within one year, it does not just hurt the bank’s books. It 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 to be completed first before other issues are taken up,” 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 against the accused on a complaint. It was alleged that 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 a week for more than a decade but still remains Read more…