It is a long-pending demand of the bankers and bank unions that the banking should be made for 5 days a week instead of the recent practice of having 5 days banking only for two weeks and 6 days week for the rest. Prior to the 10th Bi-Partite Settlement that Read more…
It seems that the bad days for the banking sector are far from over and it has been confirmed with the reply given by the Minister of State for Finance, Shiv Pratap Shukla at the Rajya Sabha. Quoting the RBI figures, he has informed the upper house that the Indian Read more…
What is a Systematic Investment Plan? A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments Read more…
DA for Bank Employees increased merely by 2 slabs from May 2018 to July 2018. (Read: How DA for Bank Employees is calculated). DA CHART FOR BANK OFFICER STAFF FROM MAY 2018 DA CHART FOR BANK WORKMEN STAFF FROM MAY 2018 Comprehensive guide to Credit Appraisal Process in Banks DA slabs Read more…
A letter of credit is issued (opened) bank a Bank on the request of his buyer customer in favour of seller, which is an undertaking by the bank to make payment to the seller if fulfills his obligations. The process of Letter of Credit is described in the following images and also Read more…
United Forum of Bank Employees Unions (UFBU) has planned a massive Dharna at Jantar Mantar in Delhi on 21st March 2018. The protest is in demand for action against those involved and responsible for the Punjab National Bank (PNB) Scam of 12000+ crore rupees and against harassment of the bankers. Read more…
BankersClub.in is visited by around 100,000 bankers per month. Show your skills and write for the other fellow bankers. If you have good knowledge about any banking topic, you can write articles for BankersClub. The article may be anything related to banking or concerning bankers. The article should be minimum Read more…
Nirav Modi and Mehul Choksi are the name, which are in the headlines of every newspaper and news channels. And the reason is already known, the 11000+ crores fraud at PNB. A book by Ravi Subramanian has suddenly came into limelight these days. The book is “In the Name of Read more…
DA for Bank Employees from February 2018 to April 2018 has to increased by 1.10 % (Read: How DA for Bank Employees is calculated). Bank Strike on 15th March 2018 DA slabs for the next quarter, February 2018 to April 2018 will be 527 i.e., 52.70 %. That means an expected Read more…
As part of government’s Rs.2.11 lac crore recapitalization plan, 8 Pubic Sector Banks are going to raise capital from market. Punjab National Bank will be the first to raise 5000 crores capital. Some banks have already got approval from Finance Ministry for raising funds through private placements, while the others Read more…