31
News
Banks to protect staff with legal and financial aid for bonafide decisions
Banks will soon provide full legal and financial support to defend serving/retired employees and officers, and also present/ former directors and their…
32
News
DA for Bank Employees from August 2018
DA for Bank Employees is increased by 12 slabs from August 2018 to October 2018. As such bankers to get 1.2% higher…
33
News
Common portal for retail loans by Public Sector Banks
State-run banks are mulling a common portal where they could offer competitive and instant personal, housing and other retail loans based on…
34
News
Notice served through WhatsApp to a defaulter is valid
If a borrower has defaulted in repayment of loan or credit card and is avoiding service of notice by frequently changing his…
35
News
AIBOC urges Delhi High Court to quash RBI Circular
All India Bank Officers’ Confederation (AIBOC), the biggest union of banks has filed a writ petition in the Delhi High Court challenging…
36
News
Govt. planning merger of Bank of Baroda, IDBI, OBC and Central Bank of India
Government is considering merger of four public sector banks, Bank of Baroda, Oriental Bank of Commerce, Central Bank of India and IDBI…
37
News
Bank Strike for 2 Days in May (30-31 or 28-29?)
The United Forum of Bank Unions (UFBU) has proposed a 48 hours strike in Banks for early revision of salary of bankers.…
38
News
Pension for RRB Employees at par with Nationalised Banks
On 25th April, 2018, a Supreme Court Decision has come in favour of employees of Regional Rural Banks (RRB). After a two…
39
News
Gratuity increase for bankers – Lok Sabha passes the bill
Lok Sabha today passed the amendment in Payment of Gratuity Act to increase the Gratuity ceiling to Rs.20 lacs. The existing limit…
40
News
Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade Credits
Reviewing the guidelines after PNB fraud of Rs.1200+ crores, RBI vide notification dated 13 March 2018 discontinued issuance of LOU/ LOC for…