Bank union have decided to join the strike called by trade unions on 2nd September to protest against anti-people policies of the Modi government and labour reforms. All-India Bank Employees Association (AIBEA) General Secretary C H Venkatchalam said “There have been increasing attacks in the banking industry and the government has been Read more…
Next time you walk in to ATM for cash withdrawal, the ATM Machine may offer you a personal loan. With the help of technology for data analysis, Banks are now pre approving small value personal loans, which can be disbursed through ATM machine. Banks have been providing pre-approved loans through interest banking and Read more…
National Payments Corporation of India (NPCI) announced on 25th August that the Unified Payments Interface (UPI) has been made operational for customers of 21 banks. NPCI said that the details of the service shall be available on the respective bank’s website. UPI application of member banks can be downloaded from Google Play Store. UPI App Read more…
Here is the list of salary of top bankers in India. Managing Director of HDFC, Aditya Puri is being paid highest salary in Banking Industry in India, who got 32% hike in salary. Aditya Puri Managing Director, HDFC Remuneration (2015-16): Rs 9.7 crore per annum Dipak Gupta WTD designated as Joint Read more…
Urjit Patel, the present Deputy Governor of Reserve Bank of India has been announced as successor of Raghuram Rajan. Urjit Patel will take charge on September 4 after Raghuram Rajan demits office. The appointments committee of the cabinet (ACC) has approved the appointment of Dr Urjit R Patel as Governor of Reserve Read more…
“Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope ‘Sachet’ would help regulators in doing this as much as it would help members of public in depositing their hard earned money Read more…
Reserve Bank of India has directed banks that bank employees working in specialised areas like treasury, risk management, preparation of financial results, audit, credit appraisal, credit rating , monitoring, credit administration and accounting are required to be specially trained and go through certification programmes, Bank staff working in specialized areas need to Read more…
The Reserve Bank of India has today placed on its website the Draft Circular on “Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions”, for feedback. Suggestions/comments, if any, on the Draft Circular may be sent by post to the Chief General Manager, Department of Banking Regulation, Reserve Bank Read more…
Based on the CPI for last quarter, DA for the bank employees will incrase by 3.50% (35 slabs) Revised DA will be @ 45.50%, for the months of August 2016 to October 2016, which was 42% for the month of May to July 2016. Scalewise and slabwise details of existing/ revised Read more…
RBI/2016-17/33 DBR.No.Leg.BC.3/09.07.005/2016-17 August 04, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/ Madam, Dishonour of cheques – Modification in procedure Please refer to our circular DBOD.BC.Leg.No.113/09.12.001/2002-03 dated June 26, 2003 and paragraph 11.4 (i) of RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014 wherein banks were advised to introduce a condition for Read more…