DA for Bank Employees is increased by 12 slabs from August 2018 to October 2018. As such bankers to get 1.2% higher DA from the month of August 2018. [See Expected DA from November 2018] Read: How DA for Bank Employees is calculated. DA Chart for Bank Officer Staff from Read more…
State-run banks are mulling a common portal where they could offer competitive and instant personal, housing and other retail loans based on the creditworthiness of the borrower. The government is expected to help the banks set up such a portal which at some later stage can also be used for Read more…
Banks Board Bureau recommends 22 candidates for the post of Executive Directors in Public Sector Banks The Chairman and members of the Banks Board Bureau have recommended to the Government of India following 22 General Managers for being appointed as Executive Directors in Public Sector Banks (The names of the Read more…
If a borrower has defaulted in repayment of loan or credit card and is avoiding service of notice by frequently changing his residence, notice can be served to him through WhatsApp and that will be a valid service. This has been ruled by Bombay High Court. One Rohidas Jadhav, had Read more…
All India Bank Officers’ Confederation (AIBOC), the biggest union of banks has filed a writ petition in the Delhi High Court challenging the Reserve Bank of India’s (RBI’s) February 12 circular that bankruptcy proceedings to be initiated after a borrower defaults a payment without allowing even a day’s extension. AIBOC Read more…
Government is considering merger of four public sector banks, Bank of Baroda, Oriental Bank of Commerce, Central Bank of India and IDBI Bank. If the plan goes ahead and these four PSBs are merged, the resulting bank will be second largest bank of India after State Bank of India with Read more…
What is a Systematic Investment Plan? A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments Read more…
The United Forum of Bank Unions (UFBU) has proposed a 48 hours strike in Banks for early revision of salary of bankers. The IBA in a recent meeting made an absurd offer of 2% hike in bankers salary. The strike is proposed to begin 6 am on May 30 till Read more…
On 25th April, 2018, a Supreme Court Decision has come in favour of employees of Regional Rural Banks (RRB). After a two decade long legal battle, Supreme Court has now decided that employees of RRBs to draw pension at par with Nationalised Banks. Supreme Court directed the government to implement Read more…
DA for Bank Employees increased merely by 2 slabs from May 2018 to July 2018. (Read: How DA for Bank Employees is calculated). DA CHART FOR BANK OFFICER STAFF FROM MAY 2018 DA CHART FOR BANK WORKMEN STAFF FROM MAY 2018 Comprehensive guide to Credit Appraisal Process in Banks DA slabs Read more…