United Forum of Bank Unions (UFBU) has decided to go on one day all India Strike on 28th February 2017. Schedule of program to be followed is: 13.02.2017 Press Release at all State Capitals and major centres (Common Press Note of UFBU, to be released by all the constituent unions) Read more…
There is good news for Public Sector Bank Employees. Vinod Rai, Chairman of Bank Board Bureau said that Bank Employees will get more attractive pay packages from next financial year (2017-18). This is to retain talent and attract more professionals in Public Sector Banks. The 11th Bipartite Settlement is also due in November Read more…
Dr. Viral V. Acharya has been appointed as new Deputy Governor of RBI, who will join on January 20, 2017. Currently Dr. Acharya is C.V. Starr Professor of Economics, Department of Finance, New York University – Stern School of Business. 1974 born Economist Dr. Acharya has interest in singing and Read more…
RBI has relaxed norms for making online transactions through Cards. So you are not required to authenticate your transaction on uber/ paytm or other online sites upto Rs.2000 once you have given prior permission. Although Banks are required to take consent of customers and leave it to customer, whether they want Read more…
Reserve Bank of India (RBI) vide circular dated 02.11.2016 has directed banks to increase dispensation of Rs. 100 banknotes through ATMs which are widely used for distribution of banknotes for retail use. In a review conducted by RBI it was found that very few banks had taken initiatives in setting up ATMs dispensing Read more…
Over 32 lacs debit cards issued by Axis Bank, SBI, HDFC Bank, ICICI Bank and Yes Bank have been compromised after being used in some automated teller machines (ATMs). Reserve Bank of India (RBI) has asked all the banks to replace those debit cards whose security has been compromised. The Read more…
Interest on PPF has been reduced by 0.10% w.e.f. 1st October 2016 from 8.10% to 8.00%. Besides PFF, rate of Interest on small saving schemes have been decreased by 10 basis points for the third quarter of FY 2016-17 i.e., 1st October 2016 to 31st December 2016. You may like: When will Read more…
Nine candidates have been recommended by Bank Board Bureau for the post of Executive Directors in public sector banks. Following are the candidates identified and recommended by the BBB: A K Pradhan M K Bhattacharya S Hari Sanker A C Rout Fareed Ahmed Damodharan Neelam Swaminathan K P Ramana Murthy Read more…
Kotak Mahindra Bank has launched an App ‘Kotak Now’ through which saving account can be opened digitally without visiting branch and without submitting any physical papers to the bank. Click and upload pictures of the key documents required and have a video call with the bank representative to verify details and a zero balance Read more…
Responding to a questions on allegations that banks have deposited one rupee in Jandhan accounts to reduce number of zero balance accounts, Finance Minister Arun Jaitley said 4 PSU banks are investigating that whether money in some Jandhan accounts was deposited by account holders or by business correspondents to keep the number of Read more…