If you work in a public sector bank, you already know the feeling — a customer is waiting, the manager is watching, and you're clicking through four screens just to issue a cheque book. Finacle 10 commands solve exactly that problem. Instead of navigating menus one by one, you type Read more…
Ask any public sector bank employee what they want most, and the answer is almost always the same: a 5-day work week. Every other major institution — central government offices, IT companies, the RBI itself — already works Monday to Friday. Bank employees are still showing up on 1st, 3rd, Read more…
Every five years, salaries of public sector bank employees are revised through a Bipartite Settlement — a formal wage agreement between the Indian Banks’ Association (IBA) and bank unions. The 12th Bipartite Settlement is among the most searched topics for bank employees today, with questions around the salary hike percentage, Read more…
If you have recently joined a bank or are preparing to enroll for JAIIB, one question matters most: how do you clear it in the first attempt? The stakes are real — clearing JAIIB earns you an extra increment of ₹2,000 plus DA and other allowances per month on a Read more…
JAIIB — the Junior Associate of the Indian Institute of Banking and Finance — is one of the most important professional qualifications for bank employees in India. Clearing JAIIB qualifies you for promotion to the next scale, earns two salary increments, and adds to your professional credibility as a banking Read more…
When a bank borrower defaults, investigators and credit officers must determine how the money was used — and whether the default was wilful. Two specific terms defined by RBI in its Wilful Defaulters Directions, 2024 (effective November 1, 2024) are central to this determination: diversion of funds and siphoning of Read more…
Pari passu charge is one of the most commonly used security structures in consortium and multiple banking arrangements in India. When two or more banks lend to the same borrower against the same asset, understanding pari passu charge becomes essential for every credit officer, branch manager and JAIIB aspirant. This Read more…
Current DA — February to April 2026 25.00% Under 12th Bipartite Settlement • Effective 1 February 2026 CPI-IW Avg148.03 Base Index123.03 Increase+1.07% IBA Circular6 Feb 2026 DA for Bank Employees from February 2026 The Indian Banks’ Association (IBA) announced the revised Dearness Allowance for bank employees vide Circular No. CIR/HREIR/76/D/2025-26/2909 Read more…
What Is Drawing Power in Cash Credit? Drawing power (DP) is the actual limit up to which you can withdraw funds from a cash credit (CC) account on a given day. It is not fixed once the loan is sanctioned — it fluctuates every month based on the value of Read more…
Finance minister has approved revision in CGM level post in public sector banks. Earlier, the CGM (Chief General Manager) post was permitted in select banks, however, finance ministry has now allowed the it in all public sector banks irrespective of size of business. CGM is a scale VIII level designation Read more…