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…
11th Bipartite Settlement is due from 1st November 2017 for which negotiations are under process. UFBU has already submitted Charter of Demand for 11th BPS in June 2017. Here is the latest update on 11th Bipartite Settlement. 3rd Round of Core Group Meeting of Officers was held on 9th October Read more…
Credit Appraisal is a process which require sufficient knowledge and proper due diligence. Credit involves risk of default, which can not be avoided but can be minimized. So you should minimize the risk. The first step is to act early and act fast. If you do not start your due Read more…
Infrastructure and core industries projects have a long gestation periods and large capital investments. The repayment period for loans to such sectors should be corresponding to their gestation period of cash flows. However, Banks were unable to provide such long tenor financing due to asset-liability mismatch issues. Banks were restricting Read more…
Even though the Government has given its in principle approval for merger of public sector, the merger process will not be an easy one. Merging such huge banks with huge infrastructure and manpower will have many roadblocks. Let’s see why merger of public sector banks is not easy. 1. Human Read more…
Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA. 11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet the timelines of 11th bipartite settlement date which Read more…
All India Bank Officers’ Confederation (AIBOC) has condemned the in principle approval of cabinate for merger of Public Sector Banks. AIBOC said that “in the Parliament the Minister of State stated that there is no plan for merger. The announcement of merger plan just after a day of successful Nationwide strike Read more…
Dealings in foreign exchange transactions in India is governed by the Foreign Exchange Management Act, 1999. In this article, we have explained that How much currency can a person take with him while travelling abroad and in which form. Total Foreign Currency remittance from India is allowed upto USD 2,50,000 Read more…