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…
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…
DA for Bankers has increased for the quarter November 2022 to January 2022. CPI data for the month of July, August and September 2022 has been released, which is as under: July 2022 129.90 August 2022 130.20 September 2022 131.30 . Read: How to pass JAIIB in first attempt Read: Read more…
Quick mortality is a term used in banking for loan accounts which turn bad (classified as Non Performing Assets or NPA) within a period of one year. The term signifies that account died quickly. A loan account is termed as Quick mortality account if it becomes NPA within one year Read more…
Unions of Public Sector Insurers demand wage revision before restructuring: “The management and the government wanted to discuss the restructuring of the four primary insures as suggested by the Ernst & Young (EY) whereas the unions wanted the wage revision to be completed first before other issues are taken up,” Read more…
The new labour code is talking about permitting four days working in a week in the country. And the Banking Industry is still dreaming about getting a 5 days banking in week. Bankers are demanding for 5 days working in a week for more than a decade but still remains Read more…
RBI on 09.07.2021 has issued circular for Mandatory Leave for Employees Posted inSensitive Positions or Areas of Operation in Banks. RBI has advised All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks following: The banks Read more…