As per AIBOC Circular dated 13.09.2023, the officers’ associations today, submitted a Supplementary Charter of Demand to the IBA incorporating many more points based on the current scenario in the industry. The Supplementary Charter of Demand is as under: • For sickness of “Special Child”, sick leave should be sanctioned Read more…
DA for Bankers is expected to increase for the quarter May 2023 to July 2023. CPI data for the month of January 2023 has been released, which is 132.80. Dearness Allowance for Bank Employees is 588 slabs, which translates to 41.16% for the present quarter of February to April 2023. Read more…
If you’re a banker, you know that staying up-to-date on industry trends and best practices is crucial to your success. One way to do this is by reading books that provide insight and guidance on the world of banking. In this post, we’ll recommend a few must-read books for bankers Read more…
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…
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…
Letter of Credit (LC) and the ‘Standby Letter of Credit’ (SBLC) are used by Importers and Exporters in International Trade to ensure financial safety so that payment of the supplier is assured of payment once he has performed his obligation. While LC is used as a primary method of payment, 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…
Interest Coverage Ratio signifies the company company’s ability to pay interest on the outstanding debt. It is calculated to measure company’s profits in comparison to its interest obligation. ICR determines that how easily (or with difficulty) an entity can pay its interest obligation on the Debt. How to calculate Interest 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…