DA for bank employees from the next quarter February 2019 to April 2019 increased by 4 slabs i.e., increase of 0.40%. Read: How DA for Bank Employees is calculated. DA Chart for Bank Officers and Workmen Staff from February 2019 DA slabs for the next quarter, February 2018 to April Read more…
Two days’ bank strike on 21st December and 26th December has been announced by Bank Unions. ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC) has announced strike of bankers on 21st December on the issue of wage revision in 11th bipartite settlement. The demands include salary revision as per charter of demand, Read more…
Indian Bank Association (IBA) has called next meeting on 30th November 2018 for discussions on wage negotiation. The wage revision by way of 11th bipartite settlement is due from 1st November 2017. Round of meetings of taken place between IBA and UFBU but nothing concrete have emerged. By analyzing the Read more…
Update 31/10/2018: DA for bank employees increased by 6.6% from November 2018. CPI for the month of September 2018 has also been published, which at same level of 301 as that for July and August 2018. As such DA for bankers to increase by 6.60%. Read: How DA for Bank Read more…
The explosive speech of Dr Viral Acharya, the deputy governor of RBI on Friday has upset the Centre. He warned the government of “catastrophy” if it continued trying to undermine the central bank’s autonomy. He said, rash moves could trigger a “crisis of confidence in capital markets”. According to news, Read more…
Earlier since the Government gave its in principle approval for merger of public sector banks, it is a hot topic of discussion among bankers. And specially now after the approval for merger of Bank of Baroda, Dena Bank and Vijaya Bank, a common banker is really concerned. Bankers are afraid Read more…
On Sunday a message was circulated in social media under AIBEA letterhead that the UFBU has decided to call for five days continuous strike from November 26 to 30. According to a news in Financial Express, The All India Bank Employees’ Association (AIBEA) has denied issuing any circular calling for Read more…
The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third-largest lender, Financial Services Secretary Rajeev Kumar said Monday. Boards of the three banks will examine amalgamation proposal, Rajeev Kumar told a news conference He said the banking sector needed reforms and the government Read more…
RBI has amended the Note Refund Rules, for exchange of mutilated currency notes. RBI has tweaked the rules following the introduction of new denominations of Rs.2000 and Rs.200 currency notes and also new versions of other denomination such as Rs.10, 50, 100 & 500. Under the new rules, mutilated note of Read more…
A WhatsApp message is being circulated that the banks in the country are going to be closed for six days in September. This is the message being circulated: “Dear All, Pl, note that all the Banks will remain closed for six days. 2nd Sept- Sun, 3rd Sept-Janmashtami, 4th, 5th Sept – Read more…