Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA. 11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet the timelines of 11th bipartite settlement date which Read more…
Equitable mortgage is most common type of mortgage in India. But there are different types of mortgages. What is mortgage, what are other types of mortgage and how these are different is explained in this article. What is mortgage? Mortgage is defined in Transfer of Property Act, 1882, Section 58: A Read more…
Soon you’ll see a 200 rupees currency note in market. For the first time Rs.200 note will be introduced. RBI has cleared the proposal and placed order for printing of new 200 rupees notes. These notes will be printed in one of the Government owned facility. The new denomination note Read more…
Analysis of holding period is an important aspect while sanctioning working capital facilities in Banks. In this article, we have discussed how holding periods are calculated and analysed for stocks, receivables and creditors. Holding levels means the period of a particular current asset or current liability after which it is Read more…
Actual DA for Bank Employees from February 2017 will decrease by 0.90%. With the release of CPI data for the month of December 2016, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) [irp posts=”2147″ name=”DA for Bank Employees from May 2017″] Average Read more…
Looking for a housing loan? But not sure, which bank is offering Lowest Interest on home loan? Here we have compared the rate of interest offered by top lenders, so that you can get best home loan at lowest interest rate. Bank of Baroda Bank of Baroda is offering lowest interest Read more…
On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till now, the coverage under CGTMSE is Rs.1 crores under which Micro, Small and Medium Enterprises can get collateral free loans. CGTMSE (Trust) has now issued circular on 9th January 2017 Read more…
There is good news for Public Sector Bank Employees. Vinod Rai, Chairman of Bank Board Bureau said that Bank Employees will get more attractive pay packages from next financial year (2017-18). This is to retain talent and attract more professionals in Public Sector Banks. The 11th Bipartite Settlement is also due in November Read more…
All India Bank Officers’ Confederation (AIBOC) has issued a circular, clarifying the progress made in respect of 11th Bipartite Settlement, which is due to be implemented with effect from 01.11.2017 See: 11th bipartite settlement latest news. AIBOC advised that the members should ignore the confusion created through social media that there is no Read more…
Dr. Viral V. Acharya has been appointed as new Deputy Governor of RBI, who will join on January 20, 2017. Currently Dr. Acharya is C.V. Starr Professor of Economics, Department of Finance, New York University – Stern School of Business. 1974 born Economist Dr. Acharya has interest in singing and Read more…