Punjab National Bank (PNB) has announced a Diwali surprise event for its employees. To express gratitude and goodwill It increased the value of this festival gift by Rs 1,000 to Rs 2000. The bank’s decision comes ahead of the upcoming Diwali celebrations. The aim is to boost staff morale and Read more…
Wage revision for bankers is due since November 2022, which is to be finalized through 12th Bipartite Settlement between employees unions and IBA. To discuss the issues regarding the ongoing salary revision, a meeting between IBA and UFBU was held on 31.08.2023. UFBU message regarding the outcome of meeting held Read more…
12 Bipartite Settlement for revision of bank employees’ salary and service conditions is due from 1st November 2022. Finally, the Charter of Demands has been submitted by Bank Unions to IBA. Read: How to pass JAIIB in first attempt So What’s the status of Charter of demand? Four Officers’ Associations, 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…
The Central Bureau of Investigation has arrested a Branch Sales Manager, ICICI Bank, Bhuteshwar Branch, Mathura (Uttar Pradesh) and a Sales Executive(Outsource employee of said Bank) for demanding & accepting bribe of Rs.50,000/- from the Complainant. A case was registered against the accused on a complaint. It was alleged that 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…
Purvi Modi, sister of Nirav Modi, who allegedly defrauded PNB of Rs 13,000 crore – has offered to remit Rs 275 crore to the government as part of a pardon deal, The Indian Express has reported Three masked thieves, who came in a car, broke open a PNB ATM at Read more…
In a letter addressed to SBI Chairman and MD&CEOs of all Nationalized Banks, Department of Financial Services, Ministry of Finance directed banks to cut expenditure. Banks have been advised to take economy measures in the context of COVID-10. Banks have been advised to defer avoidable expenditure such as purchase of Read more…
Next round of negotiations for 11th bipartite talks to be held on 15th October 2019. The news has come just after the news of IBA advising for adhoc payment of one month salary (advance against arrears) to bank employees in view of delay in wage revision and looking into the Read more…
Four Bank Employees Unions have decided to go on 2 days Strike on 26th and 27th September opposing merger of banks announced by Central Govt. and expeditious wage revision as per charter of demand. AIBOC, AIBOA, INBOC and NOBO have given Notice on Strike to IBA conveying that they propose Read more…