Two days’ bank strike on 21st December and 26th December has been announced by Bank Unions. ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC) has announced strike of bankers on 21st December on the issue of wage revision in 11th bipartite settlement. The demands include salary revision as per charter of demand, Read more…
Indian Bank Association (IBA) has called next meeting on 30th November 2018 for discussions on wage negotiation. The wage revision by way of 11th bipartite settlement is due from 1st November 2017. Round of meetings of taken place between IBA and UFBU but nothing concrete have emerged. By analyzing the Read more…
Update 31/10/2018: DA for bank employees increased by 6.6% from November 2018. CPI for the month of September 2018 has also been published, which at same level of 301 as that for July and August 2018. As such DA for bankers to increase by 6.60%. Read: How DA for Bank Read more…
The explosive speech of Dr Viral Acharya, the deputy governor of RBI on Friday has upset the Centre. He warned the government of “catastrophy” if it continued trying to undermine the central bank’s autonomy. He said, rash moves could trigger a “crisis of confidence in capital markets”. According to news, Read more…
On Sunday a message was circulated in social media under AIBEA letterhead that the UFBU has decided to call for five days continuous strike from November 26 to 30. According to a news in Financial Express, The All India Bank Employees’ Association (AIBEA) has denied issuing any circular calling for Read more…
A WhatsApp message is being circulated that the banks in the country are going to be closed for six days in September. This is the message being circulated: “Dear All, Pl, note that all the Banks will remain closed for six days. 2nd Sept- Sun, 3rd Sept-Janmashtami, 4th, 5th Sept – Read more…
SBI MD&CEO Rajnish Kumar says that NPA for public sector banks are higher due to government-sponsored schemes and targeted lending
A small committee meeting of Officers’ Associations with IBA was held on 18th August 2018 in Mumbai. The four Officers’ Associations viz. AIBOC, AIBOA, INBOC and NOBO issued a letter to its members on the developments held in the said meeting, which states as under: On our Charter of Demands Read more…
Banks will soon provide full legal and financial support to defend serving/retired employees and officers, and also present/ former directors and their family members against cases arising out of bona fide execution of a bank’s work during their service period . Banks to adopt a comprehensive financial and legal support Read more…
DA for Bank Employees is increased by 12 slabs from August 2018 to October 2018. As such bankers to get 1.2% higher DA from the month of August 2018. [See Expected DA from November 2018] Read: How DA for Bank Employees is calculated. DA Chart for Bank Officer Staff from Read more…