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…
According to a news report, Central Government is seeking to revamp the existing practices in Human Resource and Risk Management in Public Sector Banks. Suggested changes include hiring in specialized verticals at senior levels from private sector, establishing remuneration committee an making the board more accountable. The function of management Read more…
United Forum of Bank Unions has written to CMD of Dena Bank and MD & CEO of Punjab National Bank taking the issue of giving mandate for negotiation upto Scale III only. These Bank have given mandate to IBA in respect of wage negotiations in the ongoing 11th Bipartite Settlement Read more…
Another round of discussion took place between Indian Bank Association and Workmen Union on 14th November 2017. Wage Revision by way of 11th Bipartite Settlement is due from 1st November 2017 and is pending. (In the meantime, DA for Bankers has increased by 3.80% from November 2017) The issues related Read more…
As we predicted, DA for Bank Employees from November 2017 to January 2018 has increased by 3.80 % (Read: How DA for Bank Employees is calculated). DA slabs for the next quarter, November 2017 to January 2018 will be 516 i.e., 51.60 %. That means there is an increase in DA Read more…
The demand for 5 days week in banks is included in charter of demand for 11th BPS and is under negotiation. During recent time, there have been various rumors that 5 days banking has been approved from 1st November 2017, even some videos and some fake news articles are being spread. However, Read more…