The government has asked the Reserve Bank of India (RBI) to prepare a list of candidates for merger among 21 government banks as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. In a meeting this month, finance ministry officials also asked Read more…
These exams can open the doors of myriad of opportunities in front of you. Especially for young bankers, these exams will be very helpful for further career progression. There are monetary and non-monetary benefits of passing JAIIB and CAIIB.
SBI MD&CEO Rajnish Kumar says that NPA for public sector banks are higher due to government-sponsored schemes and targeted lending
A small committee meeting of Officers’ Associations with IBA was held on 18th August 2018 in Mumbai. The four Officers’ Associations viz. AIBOC, AIBOA, INBOC and NOBO issued a letter to its members on the developments held in the said meeting, which states as under: On our Charter of Demands Read more…
Merger of banks has been in the public discourse for quite some time now due to the fact that the sector is struggling to grow in the present scenario. The capital base is fast depleting, the NPA accounts are rising with unprecedented growth and the human resources of banks are Read more…
A Public Credit Registry is a repository of information that keeps extensive credit data that is accessible to all the stakeholders. This will be single point of reporting and will maintain comprehensive credit information of all type without any threshold.
Bank employees across the country are eagerly waiting for the implementation of the 11th bipartite settlement for them to come into effect from November 01, 2017. The settlement is carried out by the joint meeting of the Indian Banks’ Association along with the bank unions in consultation with the Ministry Read more…
It is a long-pending demand of the bankers and bank unions that the banking should be made for 5 days a week instead of the recent practice of having 5 days banking only for two weeks and 6 days week for the rest. Prior to the 10th Bi-Partite Settlement that Read more…
It seems that the bad days for the banking sector are far from over and it has been confirmed with the reply given by the Minister of State for Finance, Shiv Pratap Shukla at the Rajya Sabha. Quoting the RBI figures, he has informed the upper house that the Indian Read more…
Banks will soon provide full legal and financial support to defend serving/retired employees and officers, and also present/ former directors and their family members against cases arising out of bona fide execution of a bank’s work during their service period . Banks to adopt a comprehensive financial and legal support Read more…