Dearness Allowance (DA) for bank employees from May 2026 is confirmed at 25.70% under the 12th Bipartite Settlement — effective 1 May 2026. The March 2026 CPI-IW (Labour Bureau, 30 April 2026) came in at 149.10, giving a quarterly average of 148.73 for January–March 2026. Estimated DA from August 2026: Read more…
Drawing power (DP) is the amount you can actually withdraw from a cash credit account on any given day — calculated fresh each month from your stock and debtors. If you need the formula and a worked ₹ example right away, they are immediately below. Drawing Power Formula Drawing Power 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…
Working Capital is a financial indicator of operational liquidity of a business organization. Working Capital is the short term assets to cover the short term liabilities of the organization. Working Capital is calculated as Current Assets – Current Liabilities, also represented as Net Working Capital. The Working Capital Ratio or 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…
What Is CGTMSE? CGTMSE — the Credit Guarantee Fund Trust for Micro and Small Enterprises — is a joint initiative of the Government of India and SIDBI, established in August 2000. Its core purpose is to remove the biggest barrier MSME borrowers face: the demand for collateral security. Under the Read more…
Bankers in India are asking for 5 days banking for more than a decade now. Where some countries are now shifting to 4 days work week, India’s bank employees even do not see a hope of 5 days work week. Even the new labour code is talking about permitting four Read more…
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…
📅 Archived — May–July 2023 DA Looking for current DA? See DA from May 2026 → 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. 📈 DA Calculator for Bank 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…