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# Bankers' Club

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## Posts

- [Vacancies for CGM, GM, DGM and AGM increased in all Public sector banks.](https://bankersclub.in/vacancies-for-cgm-gm-dgm-and-agm-increased-in-all-public-sector-banks/) - Finance minister has approved revision in CGM level post in public sector banks. Earlier, the CGM (Chief General Manager) post was permitted in select banks, however, finance ministry has now allowed the it in all public sector banks irrespective of size of business. CGM is a scale VIII level designation in public sector banks and
- [What is working Capital?](https://bankersclub.in/what-is-working-capital/) - Working Capital is a financial indicator of operational liquidity of a business organization. Working Capital is the short term assets to cover the short term liabilities of the organization. Working Capital is calculated as Current Assets – Current Liabilities, also represented as Net Working Capital. The Working Capital Ratio or Current Ratio is calculated as
- [What is Pari Passu Charge | Simple Explanation](https://bankersclub.in/pari-passu-charge/) - Pari passu charge means, having equivalent charge/ rights or say charge-holders have equal rights over the asset on which pari pasu charge is created.
- [Simplified Turnover Method for working capital assessment: FAQs](https://bankersclub.in/simplified-turnover-method-for-working-capital-assessment-faqs/) - The Simplified Turnover Method is normally used by banks in order to assess the working capital requirement of business enterprises. Working Capital Loan finance may include cash credits or overdraft accounts maintained with banks, the bills purchases / discounted, term loan etc. However, it is really confusing to understand the method in which the working
- [Difference between LC and SBLC - Simplified](https://bankersclub.in/difference-between-lc-and-sblc/) - Difference between LC and SBLC? While LC is used as a primary method of payment, SBLC is used when there is risk of buyer’s non-performance during the sale.
- [Punjab National Bank Doubles Diwali Gift for Employees](https://bankersclub.in/punjab-national-bank-doubles-diwali-gift-for-employees/) - 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 spread festival cheer. This increase
- [CGTMSE Scheme Fee Structure Explained: Everything You Need to Know](https://bankersclub.in/cgtmse-scheme-fee-structure-explained-everything-you-need-to-know/) - CGTMSE fee structure, including the latest charges, eligibility, and how it impacts small businesses seeking collateral-free loans under the CGTMSE scheme.
- [5 Days Banking - Is it dead?](https://bankersclub.in/5-days-banking-is-it-dead/) - Bankers in India are asking for 5 days banking for more than a decade now. Where some countries are now shifting to 4 days work week, India's bank employees even do not see a hope of 5 days work week. Even the new labour code is talking about permitting four days working in a week
- [Supplementary Charter of Demand submitted to IBA](https://bankersclub.in/supplementary-charter-of-demand-submitted-to-iba/) - As per AIBOC Circular dated 13.09.2023, the officers’ associations today, submitted a Supplementary Charter of Demand to the IBA incorporating many more points based on the current scenario in the industry. The Supplementary Charter of Demand is as under: Wage revision in Catholic Syrian Bank and DBS Bank Wage revision to officers of Catholic Syrian
- [12th Bipartite Settlement: Meeting Outcome](https://bankersclub.in/12th-bipartite-settlement-meeting-outcome/) - 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 between UFBU and IBA on
- [DA for Bankers from May 2023](https://bankersclub.in/da-for-bankers-from-may-2023/) - DA for Bankers is expected to increase for the quarter May 2023 to July 2023. CPI data for the month of January 2023 has been released, which is 132.80. Dearness Allowance for Bank Employees is 588 slabs, which translates to 41.16% for the present quarter of February to April 2023. It had increased by 32
- [DA for Bankers from February 2023](https://bankersclub.in/da-for-bankers-from-february-2023/) - DA for Bankers is increased for the quarter February 2023 to April 2023. CPI data for the month of October, November and December 2022 has been released, which is as under: Read: How to pass JAIIB in first attempt Read: Charter of demands for 12th Bipartite Settlement Based on the above numbers, the revised Dearness
- [What are the Penal Measures for willful defaulters?](https://bankersclub.in/willful-defaulters-penal-measures/) - Consequences of wilful default and penal measures for wilful defaulters are explained in this article. [You should consider reading Meaning of wilful defaulters and procedure for identification of wilful defaulters] What are the Penal Measures for willful defaulters? Names of wilful defaulters are made public. List of wilful defaulters is hosted on CIBIL’s website (you
- [How to pass JAIIB in first attempt](https://bankersclub.in/how-to-pass-jaiib-in-first-attempt/) - If you have just joined the banking Industry, you must have applied for JAIIB or if not yet, you’ll be applying soon. And one thing everyone wants to know is how to pass JAIIB in first attempt. The obvious reason for clearing JAIIB i.e., Junior Associate of Indian Institute of Bankers is to get an
- [Must-Read Books for Bankers](https://bankersclub.in/must-read-books-for-bankers/) - If you're a banker, you know that staying up-to-date on industry trends and best practices is crucial to your success. One way to do this is by reading books that provide insight and guidance on the world of banking. In this post, we'll recommend a few must-read books for bankers that cover a range of
- [How DA is calculated for Bank employees?](https://bankersclub.in/how-da-is-calculated-for-bank-employees/) - DA for Bank employees is revised every quarter, which increases or decreases based on the CPI (Consumer Price Index. Consumer Price Index is released by Ministry of Labour, Govt. of India on monthly basis ). Here is how to calculated DA for bank employees: Step 1 : Collect the month wise CPI data for last
- [Charter of demands for 12th Bipartite Settlement - Final](https://bankersclub.in/charter-of-demands-for-12th-bipartite-settlement/) - Charter of Demands has been submitted by Bank Unions to IBA. Check out the Summary of Charter of Demands - What is the expected Salary Increase for you.
- [DA for Bankers from November 2022](https://bankersclub.in/da-for-bankers-from-november-2022/) - DA for Bankers is expected to increase for the quarter November 2022 to January 2022. CPI has increased by 0.70 points over June 2022.
- [5 days Banking - Latest update - Will it be final?](https://bankersclub.in/5-days-banking-latest-update-will-it-be-final/) - 5 Days Banking is a long pending demand of Bankers. This demand has is being carried forward from one settlement to settlement. Two Saturday's off was achieved in 2015 at the cost of giving away all Saturdays half days working. The issue is still under discussion between Bank Unions and IBA. In reference to a
- [Detailed List of all Finacle 10 Commands - All Banks](https://bankersclub.in/finacle-10-commands/) - Finacle 10 or Finacle X is the latest buzz in Banking Industry. Some Banks have already migrated to Finacle 10 whereas some are under implementation. Finacle 10 is the upgraded version of the flagship product of Infosys, which is being worldwide bank various banks. If your bank has also migrated to Finacle 10 or is
- ['Term Loan Appraisal' Technique](https://bankersclub.in/term-loan-appraisal/) - 'Term Loan Appraisal' technique is explained in this article. Terms Loans are granted to finance Capital Expenditure like plant & machinery, land and building or setting up an entire unit. Term Loans have a specific repayment period and are generally repayable in installments. Cash generating capacity of the unit is the main consideration while appraising
- [12th Bipartite Settlement : Interesting Data - Everything you need to know](https://bankersclub.in/12th-bipartite-settlement-interesting-data-everything-you-need-to-know/) - The salary revision/ settlements never happen on schedule time. How much time will 12th bipartite settlement take to be effective.
- [Free Study Material for Bank Promotion Exam 2021](https://bankersclub.in/free-study-material-for-bank-promotion-exam-2020/) - Bank promotion exams are held in almost every bank and if you are appearing for promotion in your bank in 2021, you must be looking for Bank Promotion Study Material. If you are not sure which topics are covered in the bank promotion test, you have landed to correct page. [Read: How to prepare for
- [5 Days Banking - need of the hour -12th Bipartite Settlement](https://bankersclub.in/5-days-banking-need-of-the-hour-12th-bipartite-settlement/) - New labour code is talking about four days working in a week in the country. And the Banking Industry is still dreaming about getting a 5 days banking in week.
- [Know 12th Bipartite Settlement progress : Latest News](https://bankersclub.in/know-12th-bipartite-settlement-progress-latest-news/) - 12th Bipartite Settlement (BPS) is due on 1st November 2022. Last BPS of bank wage revision was delayed by 3 years.
- [Analysis Of Holding Period : How to : Ultimate Guide](https://bankersclub.in/analysis-of-holding-period-for-working-capital-assessment/) - Analysis of holding period is an important aspect while sanctioning working capital facilities in Banks. In this article, we have discussed how holding periods are calculated and analysed for stocks, receivables and creditors. Holding levels means the period of a particular current asset or current liability after which it is converted or realized or is
- [Credit Appraisal Process : An Ultimate Guide for beginners](https://bankersclub.in/comprehensive-guide-to-credit-appraisal-process-in-banks/) - Credit Appraisal process require sufficient knowledge & Expertise. This is an ultimate guide for beginners to understand the credit appraisal.
- [What Is Interest Coverage Ratio & How to calculate?](https://bankersclub.in/what-is-interest-coverage-ratio-how-to-calculate/) - Interest Coverage Ratio signify the company's ability to meet its interest obligation. An ICR of 2 is considered as good.
- [Digitalisation of Kisan Credit Card (KCC) Lending by RBI](https://bankersclub.in/digitalisation-of-kisan-credit-card-kcc-lending-by-rbi/) - At present, the process for getting KCC finance requires customer to visit a bank branch in-person along with the proof of land ownership and other documents. Sometimes, the customer may be required to visit the bank branch multiple times. The Turn Around Time (TAT) from loan application to disbursement has also been rather high, ranging
- [What is quick mortality in Indian Banking?](https://bankersclub.in/what-is-quick-mortality-in-indian-banking/) - Quick mortality is a term used for loan accounts which turn bad within a period of one year. The term signifies that account died quickly.
- [Banking News Today | News for Bankers | 30.08.2022](https://bankersclub.in/banking-news-today-news-for-bankers-30-08-2022/) - Unions of Public Sector Insurers demand wage revision before restructuring: "The management and the government wanted to discuss the restructuring of the four primary insures as suggested by the Ernst & Young (EY) whereas the unions wanted the wage revision to be completed first before other issues are taken up," Source The Centre may revamp
- [Banking News Today | News for Bankers | 29.08.2022](https://bankersclub.in/banking-news-today-news-for-bankers-29-08-2022/) - 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 the Complainant had availed Home
- [Banking News Today | News for Bankers | 28.08.2022](https://bankersclub.in/banking-news-today-news-for-bankers-28-08-2022/) - 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 Bham village in Mahilpur block
- [Revised MSME Definition](https://bankersclub.in/revised-msme-definition/) - Update Can Trading business/ Trader be classified as MSME? Retail Trade and Wholesale trade are now treated as MSME as per new definition of MSME. Traders can now apply for Udyam Registration Portal Ministry of Micro, Small and Medium Enterprises vide Office Memorandum (OM) No. 5/2(2)/2021-E/P & G/Policy dated July 2, 2021, has decided to include
- [RBI Circular for Mandatory Leave for Bank Employees](https://bankersclub.in/rbi-circular-for-mandatory-leave-for-bank-employees/) - RBI on 09.07.2021 has issued circular for Mandatory Leave for Employees Posted inSensitive Positions or Areas of Operation in Banks. RBI has advised All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks following: The banks needs to put in place
- [Largest Banks in India: Businesswise ranking 2007 to 2020](https://bankersclub.in/largest-banks-in-india-businesswise-ranking-2007-to-2020/) - Which are the largest banks in India and how they have grown from 2007 to 2020? Watch out ranking of the banks in terms of total business SBI remains at the top. Second Place contested by PNB, BoB, ICICI, HDFC.
- [Extension of [One Time] Restructuring by RBI](https://bankersclub.in/extension-of-one-time-restructuring-by-rbi/) - RBI vide circular dated 05.05.2021 extended the one time restructuring scheme. RBI issued circular naming the scheme as “Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)”, which state following guidelines: The facility for restructuring existing loans without a downgrade in the asset classification has been extended subject
- [DA for Bankers from August 2021](https://bankersclub.in/da-for-bankers-from-august-2021/) - DA for Bankers is expected to increase for the quarter August 2021 to October 2021. Subscribe our Youtube Channel for latest banking updates CPI data for the month of April 2021 has been released, which is 120.10. This has increased from 119.60, i.e., increase of 0.5 points. Assuming that CPI remain at the same level,
- [DA for Bank Employees from August 2020 to October 2020](https://bankersclub.in/da-for-bank-employees-from-august-2020-to-october-2020/) - DA for bank employees increased by around 1.40% for the quarter August 2020 to October 2020. CPI data for the month of June 2020 has been released today, which has increased from 330 in May 2020 to 332 i.e., an increase of 2 points. DA Chart for Officer Staff from August 2020: DA Chart for
- [11th Bipartite Settlement reaches consensus - Salary rise in 90 days](https://bankersclub.in/11th-bipartite-settlement-reaches-consensus-salary-rise-in-90-days/) - Meeting between IBA and Bank Employees' Associations was held in Mumbai on 22nd July for discussion on 11th bipartite settlement. This time the matter has been concluded and bankers can foresee the long pending increase in salary. As per sources, wherein the minutes of meeting have been shared by IBA, the following has been agreed
- [Study Material for Bank Promotion Test](https://bankersclub.in/study-material-bank-promotion-test-2017/) - If you have landed to this page, we understand that you are appearing for promotion in your bank in 2020. And you are not sure about which topics are covered in bank promotion test. And you are looking for Free Study Material for Bank Promotion test in 2019. Study material for Promotion exams in banks is
- [Wilful Defaulters - RBI guidelines](https://bankersclub.in/wilful-defaulters-rbi-guidelines/) - You must have come across the term 'Wilful Defaulter' or if you have worked on credit desk of a bank, you should have heard 'Wilful Defaulter List'. So, who is a wilful defaulter, where can you find wilful defaulter list and the procedure and mechanism to identify wilful defaulters is explained in this article. What is
- [PPF Scheme Summary](https://bankersclub.in/ppf-scheme-summary/) - This is summary of Public Provident Fund (PPF) Scheme covering major features of the scheme summarized in one picutre.
- [Guaranteed Emergency Line of Credit](https://bankersclub.in/guaranteed-emergency-line-of-credit/) - Emergency Credit Line Guarantee Scheme of Rs. 3 lakh crore Objective The Scheme is a specific response to the unprecedented situation COVID-19. To provide relief to the MSME sector, enabling MSMEs to meet their operational liabilities and restart their businesses. MLIs All SCBs are eligible as MLIs. NBFCs which have been in operation for at
- [Diversion of Funds and Siphoning of Funds](https://bankersclub.in/diversion-of-funds-and-siphoning-of-funds/) - What is Diversion of Funds? Diversion of Funds means (mis)utilization of Funds for a purpose for which loan was not sanctioned. Most common example is buying immovable property out of the Cash Credit Limit, which is being sanctioned for working capital purposes. Utilisation of short-term working capital funds for long-term purposes not in conformity
- [How to prepare for bank promotion exam](https://bankersclub.in/how-to-prepare-for-bank-promotion-exam/) - If you are appearing for promotion in your bank this year, you might have various questions in mind and the most important one is “How to clear the bank promotion exam”? What to study for the promotion test and interview? What questions are asked in promotion test in public sector banks? Which books to buy?
- [Free Mock Test for bank promotion exams](https://bankersclub.in/free-mock-test-for-bank-promotion-exams/) - For promotion in public sector banks, written tests are conducted, which are Computer based objective type tests. The syllabus for the bank promotion tests cover various banking related topics. Upto some extent the pattern of questions and type of questions remain same for all scales be it Scale - 0 to Scale I, Scale
- [DFS directs banks to cut expenditure](https://bankersclub.in/dfs-directs-banks-to-cut-expenditure/) - 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 staff cars, expenditure of decorative,
- [Public Sector Banks allow Work from Home for some employees](https://bankersclub.in/public-sector-banks-allow-work-from-home-for-some-employees/) - With the widespread outbreak of Corona Virus, various Public Sector Banks have asked the employees at corporate offices (Head Office, Zonal Office, Circle Office etc.) to work from home on alternate days. Half of the workforce will attend offices on one day and the other will work from home and next day the first half
- [40% recovered by banks in large 12 large insolvency cases](https://bankersclub.in/40-recovered-by-banks-in-large-12-large-insolvency-cases/) - According to BloombergQuint, in the 12 largest accounts, referred for insolvency proceedings in June 2017 as identified by RBI, there is about 40% recovery. According to data, banks have been able to recover Rs 1.16 lakh crore out of the Rs 2.96 lakh crore in claims admitted. So far, 11 cases out of the 12
- [Chief labour commissioner directed IBA and bank unions to resolve difference in 15 days](https://bankersclub.in/chief-labour-commissioner-directed-iba-and-bank-unions-to-resolve-difference-in-15-days/) - Central Chief Labour Commissioner (CLC) has advised Indian Banks' Association (IBA) and the bank to resolve their differences over wage negotiations in the next 15 days. The issue of delay in bipartite wage settlement was discussed Monday at a joint meeting between IBA, bank unions and officers from department of financial services held in Mumbai.
- [DA for Bank Employees from February 2020 to April 2020](https://bankersclub.in/da-for-bank-employees-from-february-2020-to-april-2020/) - Update 31 January 2020: DA for bank employees increased by 4.20% for the quarter February 2020 to April 2020. Good News for bankers amid the deadlock on salary increase under 11th bipartite settlement, which is pending since November 2012. And the good news is that Dearness Allowance for bankers has increased by 420 slabs or
- [United Bank of India wants a new name of the merged Bank](https://bankersclub.in/united-bank-of-india-wants-a-new-name-of-the-merged-bank/) - According to a report in Business Standard, United Bank of India has written to the Government seeking a new name for the entity formed out of its merger with Punjab National Bank and Oriental Bank of Commerce. Syndicate Bank, which is to be merged with Canara Bank, is also planning to write to the Government
- [DA for Bank Employees from November 2019 to January 2020](https://bankersclub.in/da-for-bank-employees-from-november-2019-to-january-2020/) - Update: 31/10/2019: DA for Bank Employees increased by 3.60% for the quarter, November 2019 to January 2020. We had projected it at 3.50% in the month of July 19. CPI for the month of September 2019 is 322, which is 2 points above the August 2019. CPI was 319 for the month of July 2019.
- [Adhoc payment to bank employees - 11th bipartite settlement](https://bankersclub.in/adhoc-payment-to-bank-employees-11th-bipartite-settlement/) - IBA vide letter dated 01.10.2019 has advised all Public Sector Banks and Private/ Foreign Banks who are parties to bipartite settlement to release adhoc payment pending finalization of 11th bipartite settlement. Next round of bipartite settlement to take place on 15th October According to the said IBA letter, 30 rounds of discussions have already taken
- [Next round of bipartite talks on 15th October 2019](https://bankersclub.in/next-round-of-bipartite-talks-on-15th-october-2019/) - 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 festive season. 30 rounds of
- [Bank Strike on September 26 & 27 and Indefinite Strike in November](https://bankersclub.in/bank-strike-on-september-26-27-and-indefinite-strike-in-november/) - 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 go on continuous strike from
- [PNB hiring Domain Consultants for seemless Merger](https://bankersclub.in/pnb-hiring-domain-consultants-for-seemless-merger/) - Merger of Public Sector Banks was announced in last week of August 2019, which include merger of Oriental Bank of Commerce and United Bank of India with Punjab National Bank to form second largest bank of the country. To drive the merger process seamlessly, PNB is recruiting advisers/ consultants in various banking fields. PNB wants
- [DA for Bank Employees from August 2019 to October 2019](https://bankersclub.in/da-for-bank-employees-from-august-2019-to-october-2019/) - DA for bank employees increased by 3.6% for the quarter, August 2019 to October 2019. Read: Increase in Expected DA from November 2019 Read: How DA for Bank Employees is calculated. DA Chart for Bank Officers and Workmen Staff from August 2019 is given below. Based on the CPI Data released for the month
- [Next round of talks for 11th bipartite settlement on 29th August](https://bankersclub.in/next-round-of-talks-for-11th-bipartite-settlement-on-29th-august/) - Next round of bipartite settlement discussions to start on 29th August 2019. The 11the bipartite settlement is due since November 2017. Indian Bank Association (IBA) vide letter dated 19.08.2019 adressed to UFBU invited bankers unions for wage talks in Mumbai. Nine unions/ associations will participate in the bipartite discussions for Salary revision of bankers. There
- [Bank Salary negotiations to restart soon (11th bipartite settlement)](https://bankersclub.in/bank-salary-negotiations-to-restart-soon-11th-bipartite-settlement/) - Wage negotiations under bipartite settlement for workmen of public sector banks may resume soon. But it is unlikely that bank officers’ associations will join the discussions. The wage revision of public sector bank employees is due since November 2017. Officers’ associations are not agreeable for the proposal to link a part of the salary to
- [Govt. say no to reintroduction of Old Pension Scheme](https://bankersclub.in/govt-say-no-to-reintroduction-of-old-pension-scheme/) - Govt. replaced the Old Pension Scheme with National Pension Scheme (NPS) in 2004. Initially it was mandatory for Central Govt. Employees but subsequently extended to State Govt. Employees and other Public Sector and Private Sector employees also. Currently NPS is also applicable for Public Sector Bank Employees. Employees have been demanding pre-2004 pension scheme as
- [What is CERSAI and How to Search property in CERSAI?](https://bankersclub.in/what-is-cersai-and-how-to-search-property-in-cersai/) - What does CERSAI mean? CERSAI is the acronym for Central Registry of Securitisation Asset Reconstruction and Security Interest, which is a central online security registry of India In simple words, it is an online database of all the properties mortgaged with banks. How? When a Bank finance against a property, details of the said property
- [30 months is the the Average delay in bank wage revision](https://bankersclub.in/30-months-is-the-the-average-delay-in-bank-wage-revision/) - Average delay in bank wage revision for last 5 BPS is 30 months. Since 1966, there is no BPS on time and the least is 9 month
- [CGTMSE Scheme Explained in detail [updated]](https://bankersclub.in/cgtmse-scheme-explained/) - CGTMSE Scheme known as “Credit Guarantee Fund for Micro and Small Enterprises” is a guarantee fund set by Government of India to guarantee the loans provided by banks to small enterprises and medium enterprises. The objective of the fund is to enable small and medium enterprises to avail loans from banks without any collateral security and
- [RBI removes charges for NEFT & RTGS Payments](https://bankersclub.in/rbi-removes-charges-for-neft-rtgs-payments/) - RBI has removed NEFT and RTGS charges to push for digital payments and asked banks to pass on the benefit to customers. The announcement was made in the Statement on Developmental and Regulatory Policies, which was released on 6th June by RBI as part of its monetary policy review. The Reserve Bank levies charges on
- [Banking News](https://bankersclub.in/banking-news/) - [newsplugin_feed id='1555239526924' title='Banking News' keywords='"State Bank of India"|"Punjab National Bank"' link_open_mode='_self' link_follow='yes' show_date='true' show_source='true' show_abstract='true' count='10' wp_uid='4651']
- [What is Legal Entity Identifier and how to obtain it](https://bankersclub.in/what-is-legal-entity-identifier-and-how-to-obtain-it/) - The Legal Entity Identifier (LEI) code has been conceived for better risk management post the Global Financial Crisis. LEI code is a unique 20-character alphanumeric string (for example 529900T8BM49AURSDO55) used to distinctly represent a Legal Entity (company, organization, firm, government body, etc) on a worldwide basis. The LEI for the participants of the OTC derivatives
- [Lower Risk Weight for moving to NCLT?](https://bankersclub.in/lower-risk-weight-for-moving-to-nclt/) - According to a news report in Economic Times, Reserve Bank of India (RBI) is weighing a plan to ‘incentivise’ lenders to take errant borrowers to bankruptcy court. Supreme Court struck down RBI’s February 12, 2018 circular, which directed banks to take defaulting companies (with debt of Rs.2000 crore and above) to NCLT if resolution plan
- [RBI did not shift any gold abroad in 2014 or thereafter](https://bankersclub.in/rbi-did-not-shift-any-gold-abroad-in-2014-or-thereafter/) - Reserve Bank of India on Friday clarified that it has not shifted any gold to abroad in 2014 or thereafter. RBI stated that the reports in certain Print and Social Media section that RBI transferred gold abroad are factually incorrect. However, RBI clarified that it is a normal practice in Central Banks globally, to keep
- [DA for Bank Employees from May 2019 to July 2019](https://bankersclub.in/da-for-bank-employees-from-may-2019-to-july-2019/) - DA for bank employees increased by 3.4% for the quarter, May 2019 to July 2019. Read: How DA for Bank Employees is calculated. DA Chart for Bank Officers and Workmen Staff from February 2019 Based on the CPI Data released for the month of January, February and March 2019 , Dearness Allowance for bankers
- [Next phase of merger : PNB, UBI and BoI may be called.](https://bankersclub.in/next-phase-of-merger-pnb-ubi-and-boi-may-be-called/) - Second round of merger may start soon as government may invite Punjab National Bank, Union Bank of India and Bank of India to discuss the merger of public sector banks according to a report by Economic Times quoting a Finance Ministry Official.. "We wouldn't like to wait for too long. If the banks are not
- [Complaints with banking ombudsman increased by 25%](https://bankersclub.in/complaints-with-banking-ombudsman-increased-by-25/) - RBI released Annual Report of Banking Ombudsman Scheme for the year 2017-18. Key highlights of the report are : · Total complaints received by Banking Ombudsman (BO) in 2017-18 : 163590 [Increased from 130987 during 2016-17 and 102894 during 2015-16]. 24.9% increase in complaints over previous year. · Highest complaints (46994) received against State Bank of India
- [5 Day week in Banks  - RBI Clarification](https://bankersclub.in/5-day-week-in-banks-rbi-clarification/) - There have been certain news that banks would be open for 5 days a week in terms of RBI instructions . RBI has issued the clarification in this regard that it has not issued any such direction. It has been reported in certain sections of the media that commercial banks would have a 5 day
- [Best Banks in India 2019 (Top 30)](https://bankersclub.in/best-banks-in-india-2019-top-30/) - Forbes in partnership with market research firm Statista has published list of World’s Best Banks. Instead of gauging the balance sheets and P&L statements, Statista surveyed more than 40,000 customers around the globe for their opinions on their current and former banking relationships. Banks were rated on general satisfaction and key attributes like trust, fees,
- [DA for Bank Employees from November 2018 to January 2019](https://bankersclub.in/da-for-bank-employees-from-november-2018-to-january-2019/) - 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 Employees is calculated. DA Chart
- [DA for Bank Employees from February 2019 to April 2019](https://bankersclub.in/da-for-bank-employees-from-february-2019-to-april-2019/) - DA for bank employees from the next quarter February 2019 to April 2019 increased by 4 slabs i.e., increase of 0.40%. Read: How DA for Bank Employees is calculated. DA Chart for Bank Officers and Workmen Staff from February 2019 DA slabs for the next quarter, February 2018 to April 2019 will be 611 i.e.,
- [Bank Strike on 21 December and 26 December 2018](https://bankersclub.in/bank-strike-on-21-december-and-26-december-2018/) - 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, 5 days week banking, Full
- [11th BPS Update: Next meeting for Wage Negotiation on 30th November](https://bankersclub.in/11th-bps-update-next-meeting-for-wage-negotiation-on-30th-november/) - 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 trend of 10 bipartite settlement,
- [Different types of mortgage - Equitable mortgage and Registered mortgage](https://bankersclub.in/equitable-mortgage-registered-mortgage/) - Equitable mortgage is most common type of mortgage in India. But there are different types of mortgages. What is mortgage, what are other types of mortgage and how these are different is explained in this article. What is mortgage? Mortgage is defined in Transfer of Property Act, 1882, Section 58: A mortgage is the transfer of
- [Merger of Banks - Disadvantages for Bank Employees](https://bankersclub.in/merger-of-banks-disadvantages-for-bank-employees/) - Earlier since the Government gave its in principle approval for merger of public sector banks, it is a hot topic of discussion among bankers. And specially now after the approval for merger of Bank of Baroda, Dena Bank and Vijaya Bank, a common banker is really concerned. Bankers are afraid of the mergers because this
- [Govt. upset with RBI, Employees back their boss](https://bankersclub.in/govt-upset-with-rbi-employees-back-their-boss-4/) - 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, some official of PMO said
- [9 Useful Excel Tips for Bankers](https://bankersclub.in/9-useful-excel-tips-bankers/) - Excel is a powerful tool, which can save your hours, if you know how to use it correctly. We have compiled some basic but very useful tips for beginner excel users. 1.Insert & delete Rows with Keyboard shortcut To insert a new row between the existing rows, use this keyboard shortcut. Suppose you want to
- [5 Days Strike Notice in November is false](https://bankersclub.in/5-days-strike-notice-in-november-is-false-2/) - 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 five days of bank strike
- [Bank of Baroda, Dena Bank and Vijaya Bank Merger announced by Govt.](https://bankersclub.in/bank-of-baroda-dena-bank-and-vijaya-bank-merger-announced-by-govt-3/) - The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India's third-largest lender, Financial Services Secretary Rajeev Kumar said Monday. Boards of the three banks will examine amalgamation proposal, Rajeev Kumar told a news conference He said the banking sector needed reforms and the government was taking care of banks'
- [RBI Note Refund (amendment) Rules 2018](https://bankersclub.in/rbi-note-refund-amendment-rules-2018/) - RBI has amended the Note Refund Rules, for exchange of mutilated currency notes. RBI has tweaked the rules following the introduction of new denominations of Rs.2000 and Rs.200 currency notes and also new versions of other denomination such as Rs.10, 50, 100 & 500. Under the new rules, mutilated note of equal to or more than
- [Why should you go for JAIIB and CAIIB as a banker?](https://bankersclub.in/why-should-you-go-for-jaiib-and-caiib-as-a-banker/) - These exams can open the doors of myriad of opportunities in front of you. Especially for young bankers, these exams will be very helpful for further career progression. There are monetary and non-monetary benefits of passing JAIIB and CAIIB.
- [DA for Bank Employees from August 2018](https://bankersclub.in/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 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 August 2018 DA Chart for
- [Are Banks closed for 6 days in first week of September?](https://bankersclub.in/are-banks-closed-for-6-days-in-first-week-of-september/) - 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 - Banks strike protest for pension.
- [Government asks RBI to identify banks for merger](https://bankersclub.in/government-asks-rbi-to-identify-banks-for-merger/) - The government has asked the Reserve Bank of India (RBI) to prepare a list of candidates for merger among 21 government banks as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. In a meeting this month, finance ministry officials also asked RBI to suggest a time
- [Banks to protect staff with legal and financial aid for bonafide decisions](https://bankersclub.in/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 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 scheme put together by the
- [What SBI Chief Rajnish Kumar said about Govt. & Judiciary on NPA issue](https://bankersclub.in/what-sbi-chief-rajnish-kumar-said-about-govt-judiciary-on-npa-issue/) - SBI MD&CEO Rajnish Kumar says that NPA for public sector banks are higher due to government-sponsored schemes and targeted lending
- [11th bipartite Settlement - Small Committee Meeting](https://bankersclub.in/11th-bipartite-settlement-small-committee-meeting/) - 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 containing both "Monetary & Non-
- [Bank Mergers: Is it the panacea for the Banking Sector?](https://bankersclub.in/bank-mergers-is-it-the-panacea-for-the-banking-sector/) - Merger of banks has been in the public discourse for quite some time now due to the fact that the sector is struggling to grow in the present scenario. The capital base is fast depleting, the NPA accounts are rising with unprecedented growth and the human resources of banks are also facing crunch due to
- [Public Credit Registry: A New Repository of Credit Information by RBI](https://bankersclub.in/public-credit-registry-a-new-repository-of-credit-information-by-rbi/) - A Public Credit Registry is a repository of information that keeps extensive credit data that is accessible to all the stakeholders. This will be single point of reporting and will maintain comprehensive credit information of all type without any threshold.
- [11th Bipartite Settlement for Bank Employees: Latest Updates](https://bankersclub.in/11th-bipartite-settlement-for-bank-employees-latest-updates/) - Bank employees across the country are eagerly waiting for the implementation of the 11th bipartite settlement for them to come into effect from November 01, 2017. The settlement is carried out by the joint meeting of the Indian Banks’ Association along with the bank unions in consultation with the Ministry of Finance, Government of India.
- [Possibilities of 5-Day Banking in India](https://bankersclub.in/possibilities-of-5-day-banking-in-india/) - It is a long-pending demand of the bankers and bank unions that the banking should be made for 5 days a week instead of the recent practice of having 5 days banking only for two weeks and 6 days week for the rest. Prior to the 10th Bi-Partite Settlement that came into effect from November
- [Indian Banks incur losses of Rs 70k Crores due to frauds in the Last Three Fiscals](https://bankersclub.in/indian-banks-incur-losses-of-rs-70k-crores-due-to-frauds-in-the-last-three-fiscals/) - It seems that the bad days for the banking sector are far from over and it has been confirmed with the reply given by the Minister of State for Finance, Shiv Pratap Shukla at the Rajya Sabha. Quoting the RBI figures, he has informed the upper house that the Indian banks incurred a total loss
- [Common portal for retail loans by Public Sector Banks](https://bankersclub.in/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 the creditworthiness of the borrower. The government is expected to help the banks set up such a portal which at some later stage can also be used for offering loans to small and
- [22 GMs recommended for ED post by Banks Board Bureau](https://bankersclub.in/22-gms-recommended-for-ed-post-by-banks-board-bureau/) - Banks Board Bureau recommends 22 candidates for the post of Executive Directors in Public Sector Banks The Chairman and members of the Banks Board Bureau have recommended to the Government of India following 22 General Managers for being appointed as Executive Directors in Public Sector Banks (The names of the selected officers appear in alphabetical
- [Notice served through WhatsApp to a defaulter is valid](https://bankersclub.in/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 residence, notice can be served to him through WhatsApp and that will be a valid service. This has been ruled by Bombay High Court. One Rohidas Jadhav, had accrued credit card dues of
- [AIBOC urges Delhi High Court to quash RBI Circular](https://bankersclub.in/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 the Reserve Bank of India’s (RBI’s) February 12 circular that bankruptcy proceedings to be initiated after a borrower defaults a payment without allowing even a day’s extension. AIBOC said the provision will cause
- [Govt. planning merger of Bank of Baroda, IDBI, OBC and Central Bank of India](https://bankersclub.in/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 Bank. If the plan goes ahead and these four PSBs are merged, the resulting bank will be second largest bank of India after State Bank of India with combined assets of Rs.16.58 crores.
- [What is SIP? How does it work and Benefits of SIP](https://bankersclub.in/what-is-sip-how-does-it-work-and-benefits-of-sip/) - What is a Systematic Investment Plan? A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments and helps you inculcate the
- [Bank Strike for 2 Days in May (30-31 or 28-29?)](https://bankersclub.in/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. The IBA in a recent meeting made an absurd offer of 2% hike in bankers salary. The strike is proposed to begin 6 am on May 30 till 6 am on June 1.
- [Pension for RRB Employees at par with Nationalised Banks](https://bankersclub.in/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 decade long legal battle, Supreme Court has now decided that employees of RRBs to draw pension at par with Nationalised Banks. Supreme Court directed the government to implement a pension scheme in all
- [DA for Bank Employees from May 2018 [Confirmed]](https://bankersclub.in/da-for-bank-employees-from-may-2018/) - DA for Bank Employees increased merely by 2 slabs from May 2018 to July 2018. (Read: How DA for Bank Employees is calculated). DA CHART FOR BANK OFFICER STAFF FROM MAY 2018 DA CHART FOR BANK WORKMEN STAFF FROM MAY 2018 http://bankersclub.in/comprehensive-guide-to-credit-appraisal-process-in-banks/ DA slabs for the next quarter, May 2018 to July 2018 will be 529
- [What is Letter of Credit?](https://bankersclub.in/what-is-letter-of-credit/) - A letter of credit is issued (opened) bank a Bank on the request of his buyer customer in favour of seller, which is an undertaking by the bank to make payment to the seller if fulfills his obligations. The process of Letter of Credit is described in the following images and also explained in simple terms below:
- [Gratuity increase for bankers - Lok Sabha passes the bill](https://bankersclub.in/gratuity-increased-forgratuity-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 for gratuity was Rs.10 lacs. After implementation of seventh pay commission, gratuity ceiling was increased from Rs.10 lacs to Rs.20 lacs for Central Government employees. Private Sector employees including bank employees were demanding
- [Useful books for Bankers](https://bankersclub.in/useful-books-bankers/) - These are some of the useful books for bankers to enhance their skills in banking. Credit Appraisal, Risk Analysis & Decision Making This book contains comprehensive material on credit appraisal, to help the officials in commercial banks and financial institutions. It features - analysis of financial statements, profit & loss and balance sheet items explained,
- [How much Foreign Currency permitted to carry abroad?](https://bankersclub.in/how-much-foreign-currency-permitted-to-carry-abroad/) - Dealings in foreign exchange transactions in India is governed by the Foreign Exchange Management Act, 1999. In this article, we have explained that How much currency can a person take with him while travelling abroad and in which form. Total Foreign Currency remittance from India is allowed upto USD 2,50,000 per financial year under Liberalized
- [What is RBI's 5/25 Scheme?](https://bankersclub.in/rbi-525-scheme/) - Infrastructure and core industries projects have a long gestation periods and large capital investments. The repayment period for loans to such sectors should be corresponding to their gestation period of cash flows. However, Banks were unable to provide such long tenor financing due to asset-liability mismatch issues. Banks were restricting their finance to a maximum
- [Write Articles for us](https://bankersclub.in/write-articles-us/) - BankersClub.in is visited by around 100,000 bankers per month. Show your skills and write for the other fellow bankers. If you have good knowledge about any banking topic, you can write articles for BankersClub. The article may be anything related to banking or concerning bankers. The article should be minimum 200 words long. It should
- [Free Annual Credit Report to Individuals](https://bankersclub.in/free-annual-credit-report-individuals/) - Reserve Bank of India on September 1, 2016 issued notification and letter to Credit Information Companies (CIC) to provide one free Credit Information Report (CIR) in a year (January to December). CIBIL (Credit Information Bureau of India Limited) is the leading CIC and most of the banks/ FIs use CIBIL to draw CIRs for analysing the credit history
- [Latest MCLR Rates of all Banks](https://bankersclub.in/latest-mclr-rate-all-banks/) - Here is the comparison of MCLR (Marginal Cost based Lending Rates) rates of all the major banks in India. These MCLR Rates are updated from time to time. Lowest MCLR is of State Bank of India. MCLR Rate is the minimum lending rate and all the loan products are linked to this MCLR rate. Check Lowest
- [NRO Account - Joint holding with residents](https://bankersclub.in/nro-account-joint-holding-residents/) - FEDAI has issued guidelines regarding joint holding in NRO accounts with residents. The guidelines have been issued by FEDAI based on clarifications sought from RBI. The FEDAI guidelines are given as under: Joint holding with residents Reference para 7 of schedule 3 of Reserve Bank of India notification number FEMA 5 (R) dated 1st April'2016
- [List of Finacle Commands](https://bankersclub.in/list-of-finacle-commands-pdf-download/) - Looking for Financle Commands used for banking? Finacle is one of the widely used CBS package in banking Industry, which is command based. Finding and remembering finacle commands is not an easy task. To help bankers to easily find financle commands here is the list of Finacle Commands (Finacale Menu Options). You can download the pdf copy
- [File Charge with CERSAI for Movable & Intangible Assets also](https://bankersclub.in/file-charge-with-cersai-for-movable-intangible-assets-also/) - Charge on stocks & book debts machinery is also required to be filed with CERSAI. CERSAI, vide their notification dated 18/05/2016 has made it mandatory to file/ satisfy security transactions secured movables, intangibles and immovable other than equitable mortgage. Earlier security interest by way of mortgage of Immovable Properties were required to be filed with
- [What is KYC and Why KYC is important for Banks](https://bankersclub.in/kyc-kyc-important-banks/) - KYC or "Know your customer" is a regulatory and legal requirement. KYC is important to prevent identity theft, financial fraud, money laundering and terrorist financing. Every Bank has framed a KYC policy by incorporating the directions of RBI such as Customer Acceptance Policy, Customer Identification Procedures, Monitoring of Transactions and Risk management. The bank collects certain set of
- [How to Verify PAN online or Know PAN Details & ITR](https://bankersclub.in/verify-pan-online-know-pan-details-itr/) - KYC is an important process in Banks and one of the important document submitted by customer is PAN (Permanent Account Number). It is important to verify the authenticity of PAN submitted by the customer to establish identity of the customer and also for further tax purposes. Some of the banks have established systems for verification of PAN
- [How to know someone's PAN number?](https://bankersclub.in/know-someones-pan-number/) - PAN or Permanent Account Number although primarily issued for Income Tax purpose but is necessary for many transactions and occasions. PAN is required by bankers at the time of loan application (and also for various transaction). What if someone lost PAN Card and do not remember his or her PAN number or otherwise you want
- [How to Verify geniuneness of Income Tax Returns](https://bankersclub.in/verify-geniuneness-income-tax-returns/) - Income Tax Return (ITR) is the first thing banks asks for after KYC documents for any type of loan. The borrower submits copies of Income Tax Returns to the bank, which he has filed online. As a banker, specially on credit desk, due diligence is very important for processing any loan application. Verifying genuineness of
- [Publish photographs of only Wilful Defaulters - RBI](https://bankersclub.in/publish-photographs-wilful-defaulters-rbi/) - Reserve Bank of India, on 29th September, 2016 directed banks and financial institutions to publish photographs of only wilful defaulters in the newspapers. RBI directed that photographs of other defaulters, who have not been declared as wilful defaulters are not to be published by banks and financial institutions. You may like: Expected DA for November
- [Loans and Advances against Shares, Debentures and Bonds - RBI Guidelines](https://bankersclub.in/loans-advances-shares-debentures-bonds-rbi-guidelines/) - Advances to individuals As per RBI guidelines, Banks may grant advances against the security of shares, debentures or bonds to individuals subject to the following conditions: (i) Purpose of the Loan : Loan against shares, debentures and bonds may be granted to individuals to meet contingencies and personal needs or for subscribing to new or rights
- [Credit Guarantee Fund for Micro Units (MUDRA)](https://bankersclub.in/credit-guarantee-fund-micro-units-mudra/) - Credit Guarantee Fund for Micro Units (CGFMU) was notified by Govt. on 18th April 2016 and has been made effective retrospectively for loans sanctioned with effect from 8th April 2015. CGFMU or in simple terms Guarantee Fund for Mudra Loans is managed by NCGTC (National Credit Guarantee Trustee Company Limited). The eligibility criteria for Mudra Loans
- [What is Pre-Shipment Finance or Packing Credit?](https://bankersclub.in/pre-shipment-finance-packing-credit/) - Pre-shipment Finance or Packing credit is a type of credit facility (loan), available for exporters. The advance is provided for financing the purchase of raw material, processing, manufacturing or packing of goods required before shipment of goods and for meeting working capital expenses for rendering of services. You may like : CGTMSE Scheme explained in
- [What is Collateral Security and Primary Security](https://bankersclub.in/collateral-security-primary-security/) - We have explained below what is primary security and what is collateral security and how these are different. Also Read: What is mortgage and types of mortgages What is primary security? In simple terms, Primary Security is that asset which is created out of the finance provided by lender. For example, in a Housing
- [Micro, Small & Medium Enterprises](https://bankersclub.in/micro-small-medium-enterprises/) - Definition of MSME [Micro, Small & Medium Enterprises] as per The Micro, Small & Medium Enterprises Development Act 2006. An enterprise is micro Enterprise if investment in plant and machinery does not exceed Rs.25 lacs if engaged in manufacturing or production of goods AND investment in equipment does not exceed Rs.10 lacs, if engaged in
- [Exchange of Soiled and Mutilated Notes - RBI Guidelines](https://bankersclub.in/exchange-soilded-mutilated-notes/) - A Gist of of RBI guidelines regarding Facility for Exchange of Soiled Notes and exchange of mutilated Notes by Banks is given below: Facility for exchange of notes and coins at bank branches All branches of banks in all parts of the country are required to provide following customer services, without any discrimination on all working days,
- [CERSAI Registration after 30 Days/ 60 Days - Procedure](https://bankersclub.in/cersai-registration-30-days-60-days-procedure/) - Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of mortgage. If charge is not filed with CERSAI within 30 days, following is the procedure for filing charge (CERSAI registration) with delay after 30 days: [Also Read : CERSAI Fees & Charges] Procedure for Filing
- [CERSAI Fees and Charges](https://bankersclub.in/cersai-fees-and-charges/) - Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of mortgage. [Also read Procedure for Filing the Delay Condonation Application with CERSAI for delay ] So if someone has taken a housing loan or offered a property as collateral security in a loan, details of house/
- [Priority Sector Lending](https://bankersclub.in/priority-sector-lending/) - There are some sectors of the economy, which may face difficulty in getting timely and adequate credit. To facilitate these sectors easy and timely credit, Reserve Bank of India (RBI) has directed banks to provide a specified portion of their lending should be priority sector lending, i.e., lending to few specific sectors, such as agriculture,
- [Difference between Consortium Banking and Multiple Banking](https://bankersclub.in/difference-consortium-banking-multiple-banking/) - Difference between Consortium Banking and Multiple Banking is explained in this article What is Consortium Banking or lending under Consortium arrangement? Under consortium banking arrangement, more than one bank provides finance to a single borrower but chose one of the lender (having highest share) as consortium leader. Regular meetings are arranged by leader bank to
- [Law of Limitation in Banking](https://bankersclub.in/law-of-limitation-in-banking/) - Limitation period for recovery of Debt in India is governed by the Limitation Act, 1963. The Limitation Act, 1963 specifies certain prescribed period within which any suit appeal or application can be made. A banker is allowed to take legal action by filing a suit, prefer an appeal and apply for recovery only when the
- [Micro Units - where to cover? CGTMSE or CGFMU](https://bankersclub.in/micro-units-where-to-cover-cgtmse-or-cgfmu/) - Guarantee cover for manufacturing and service Mudra Units is available under CGFMU as well as CGTMSE eligible. So, from where to obtain guarantee cover for such Mudra Units? CGTMSE of CGFMU? Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE) has issued circular (117/2016-17) regarding modifications due to introduction of Credit Guarantee Scheme under PMMY
- [How to send money using *99# (USSD)](https://bankersclub.in/how-to-send-money-using-99-ussd/) - After the announcement of demonetization by PM Modi, need for going cashless and digital has increased. Today, there are various methods available for transacting cashless such as Credit/ Debit Cards, e-wallets, Prepaid Cards, UPI app besides the traditional banking methods, cheque/ DD/ NEFT/ RTGS etc. One of the option is sending money through USSD. Best
- [CGTMSE Cover Limit increased to Rs.2 Crores](https://bankersclub.in/cgtmse-cover-limit-increased-rs-2-crores/) - On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till now, the coverage under CGTMSE is Rs.1 crores under which Micro, Small and Medium Enterprises can get collateral free loans. CGTMSE (Trust) has now issued circular on 9th January 2017 to increase the limit of
- [How to pay using Bharat QR Code?](https://bankersclub.in/how-to-pay-using-bharat-qr-code/) - The latest initiative to promote digital transaction, Bharat QR Code platform has been launched for making payment directly through bank without using physical debit or credit card at merchant outlets. MasterCard, American Express, National Payment Corporation of India (NPCI) and Visa have collaborated to promote the Bharat QR payment method. In this article, we have
- [6 things to know about Bharat QR payment method](https://bankersclub.in/6-things-know-bharat-qr-payment-method/) - 1. Who are behind the Bharat QR code MasterCard, American Express, National Payment Corporation of India (NPCI) and Visa have collaborated to promote acceptance of the Bharat QR payment method. 2.How to generate QR code for receiving payment You can generate QR code for receiving payment from BHIM app. See How to make payment through
- [Clean Note Policy by RBI](https://bankersclub.in/clean-note-policy-rbi/) - Salient Features of Clean Note Policy by RBI: Do away with stapling of note packets Introduce banding the packets with paper/polythene bands so that the life of the currency notes is increased. The objective of the Reserve Bank's Clean Note Policy is to give the citizens good quality currency notes and coins while the soiled
- [Scribbled Currency Notes are Legal Tender : RBI](https://bankersclub.in/scribbled-currency-notes-legal-tender-rbi/) - There were rumors in the public that new currency notes of denominations of Rs.500 and Rs.200 having something scribbled on them are not legal tender. Various incidence of branches of some banks not accepting, if there is scribbling on currency notes, have also come into light. You may imagine a situation when you withdraw money
- [Difference between first charge and second charge](https://bankersclub.in/difference-between-first-charge-and-second-charge/) - Difference between first Charge and 2nd Charge and pari passu charge has been explained in this article. Meaning of Charge in Banking: Evidence of a lien or mortgage that secures the repayment of a loan. So when we say, charged asset, it refers to the assets mortgaged or under lien with bank. For example, if
- [What is bitcoin and how bitcoin works?](https://bankersclub.in/bitcoin-bitcoin-works/) - Have you heard of bitcoin? If not earlier, then surely you’d have come across this term during the recent ‘wannacry’ ransomware news. The hackers are asking to pay ransom in bitcoins. What is this bitcoin all about? How it is used? Here are the basics about bitcoin. What is bitcoin? Bitcoin is a digital
- [What is a Standby Letter of Credit (SBLC)?](https://bankersclub.in/what-is-a-standby-letter-of-credit-sblc/) - Standby Letter of Credit (SBLC) acts almost like a substitute for guarantee. SBLC is a guarantee to make payment in case of non-performance, which is issued by a bank on behalf of a client. Unlike Letter of Credit under which are primary method of payment, SBLCs are used as secondary method of payment i.e., SBLC
- [What are current assets and what are current liabilities and how to identify in balance sheet.](https://bankersclub.in/current-assets-current-liabilities-identify-in-balance-sheet/) - Current Assets are the assets which can be converted in cash within a short period of time (not more than one year). There are some assets, which can be disposed to generate cash immediately, which are known as liquid assets and some other which are held to generate cash within some time (within one year)
- [Bank Accounts for NRIs](https://bankersclub.in/bank-accounts-for-nris/) - Different type of bank accounts a Non Resident Indian (NRI) can open and maintain in India, their features and benefits are: Non-Resident Ordinary Rupee Account (NRO Account) May be in the form of Saving Account, Current Account, Recurring Deposit or Fixed Deposit. Resident can be a joint holder with NRI NRO accounts are maintained in
- [Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) discontinued by RBI for Trade Credits](https://bankersclub.in/letters-undertaking-lous-letters-comfort-locs-discontinued-rbi-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 Trade Credits for import with immediate effect. That means, the importers will note be able to take buyers credit anymore, which was extended by the foreign lender (including foreign branches of Indian Banks)
- [Passport Details must for more than 50 Crore loan](https://bankersclub.in/passport-details-must-for-more-than-50-crore-loan/) - Finance Ministry on Saturday said passport details will be made mandatory for loans of more than Rs.50 crore from state run banks. Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country. "Next step on clean and responsible banking. Passport details must for loans
- [RBI imposes Rs.5 Crore Penalty on Airtel Payment Bank](https://bankersclub.in/rbi-imposes-rs-5-crore-penalty-airtel-payment-bank/) - The Reserve Bank of India (RBI) has imposed penalty of ₹ 5 crores on Airtel Payments Bank Limited for contravening the ‘Operating Guidelines for Payments Banks’ and directions issued by RBI on Know Your Customer (KYC) norms. This penalty has been imposed in exercise of powers vested in RBI under Banking Regulation Act, 1949, taking
- [Bankers' protest on 21st March at Jantar Mantar](https://bankersclub.in/bankers-protest-on-21st-march-at-jantar-mantar/) - United Forum of Bank Employees Unions (UFBU) has planned a massive Dharna at Jantar Mantar in Delhi on 21st March 2018. The protest is in demand for action against those involved and responsible for the Punjab National Bank (PNB) Scam of 12000+ crore rupees and against harassment of the bankers. UFBU demanded action against loan
- [Why Uco Bank has to pay Rs.1 lac fine to its ex-officer [Supreme Court Decision]](https://bankersclub.in/uco-bank-pay-rs-1-lac-fine-ex-officer-supreme-court-decision/) - Supreme Court directed Uco Bank to pay fine of Rs.1 lac to one of its retired officer for unnecessarily litigate against the employee. This is an interesting case, where the bank issued chargesheet after 7 years and immediately before retirement of the employee invoked regulation that disciplinary proceedings will continue against the employee after his
- [Canara, PNB, UBI, PSB and Andhra Bank may face PCA](https://bankersclub.in/canara-pnb-ubi-psb-andhra-bank-may-face-pca/) - 5 Public sector banks are on the verge of being put under Prompt Corrective Action plan by Reserve Bank of India. According a news report in business standard, these banks include Canara Bank, Punjab National Bank, Union Bank of India, Punjab and Sidh Bank and Andhra Bank. Net NPAs of these banks have risen above
- [Changes in Priority Sector Guidelines](https://bankersclub.in/changes-priority-sector-guidelines/) - RBI, vide notification dated March 01, 2018 amended the priority sector guidelines. Following are the changes made in priority sector lending: 1. Earlier it was stipulated that the sub-targets for lending to small and marginal farmers and micro enterprises shall be made applicable for foreign banks with 20 branches and above, post 2018 after a
- [Gratuity Bill amendment to be tabled in Lok Sabha on 5th March 2018](https://bankersclub.in/gratuity-bill-amendment-tabled-lok-sabha-5th-march-2018/) - Government will table the The Payment of Gratuity (Amendment) Bill 2017 in Lok Sabha on 5th March 2018. The bill is to amend the Payment of Gratuity Act 1972. The bill is to increase gratuity ceiling from existing Rs.10 lacs to Rs.20 lacs. Union Cabinet has given its node for the amended bill on 12th
- [DA for Bank Employees from February 2018 [Confirmed]](https://bankersclub.in/da-for-bank-employees-from-february-2018/) - DA for Bank Employees from February 2018 to April 2018 has to increased by 1.10 % (Read: How DA for Bank Employees is calculated). http://bankersclub.in/bank-strike-15th-march-2018/ DA slabs for the next quarter, February 2018 to April 2018 will be 527 i.e., 52.70 %. That means an expected increase in DA by 1.10% from the existing 51.60% for
- [Have you read the Story of Nirav Choksi by Ravi Subramanian](https://bankersclub.in/read-story-nirav-choksi-ravi-subramanian/) - Nirav Modi and Mehul Choksi are the name, which are in the headlines of every newspaper and news channels. And the reason is already known, the 11000+ crores fraud at PNB. A book by Ravi Subramanian has suddenly came into limelight these days. The book is "In the Name of God", which was publishd in
- [Resolution of Stressed Assets - New RBI Guidelines](https://bankersclub.in/resolution-stressed-assets-new-rbi-guidelines/) - RBI, vide notification dated 12.02.2018 issued revised framework for resolution of Stressed Assets. In this notification, RBI has withdrawn the existing schemes such as CDR, SDR, S4A, JLF etc. For exposure of Rs.2000 crores and above, Banks need to resolve the default within 180 days otherwise file application with NCLT. The analysis of the said
- [No Physical Education Loan application in Banks](https://bankersclub.in/no-physical-education-loan-application-banks/) - The Department of Financial Services has made it mandatory for all the banks to accept the education loan applications only through online mode. Banks have been directed not to accept education loan applications in physical form. Online education loan applications shall be received through NSDL portal called Vidya Lakshmi. Banks will not be considering any
- [Bank Strike on 15th March 2018](https://bankersclub.in/bank-strike-15th-march-2018/) - United Forum of Bank Unions (UFBU) has called one day all India strike on 15th March 2018 for early settlement of 11th bipartite. 11th Bipartite Settlement for increase in salaries of bank employees is already due from 1st November 2017. There has been rounds of meeting between UFBU and IBA but still nothing has been
- [CBI registers FIRs against 22 PNB employees in Loan Scam](https://bankersclub.in/cbi-registers-firs-22-pnb-employees-loan-scam/) - CBI has registered FIR against 22 employees of Punjab National Bank for alleged fraudulent disbursement of loan to various parties during 2011 to 2016, who were in coal business. The case in related to around four branches Bhopal and Ujjain. In this connection, CBI also conducted raids at 47 places in MP, UP, Haryana, Delhi,
- [2 Bank Officials jailed for 3 years for cheating](https://bankersclub.in/2-bank-officials-jailed-3-years-cheating/) - In a cheating case of Rs.2.40 crores, two bank officials have been punished with three years rigorous imprisonment by a special CBI Court. In the instant case, a case was registered with CBI by the CVO of State Bank of Mysore's against Bhopal branch's the then Branch Manager A S Hegde, Assistant Manager Ravinder Kumar,
- [Is our Mobile Banking App at Risk?](https://bankersclub.in/mobile-banking-app-risk/) - The mobile Banking App you are using on your Android phone may be at risk. Quick Heal Security Labs has discovered an Android Banking Trojan that targets 232-plus banking and finance apps. The malware is called Android.banker.A9480. This is designed to steal login credentials, hijack SMSes, show fake notifications, send USSD requests and upload users' contact
- [UFBU's letter to Ministry of Finance for Wage Revision](https://bankersclub.in/ufbus-letter-ministry-finance-wage-revision/) - United Forum of Bank Unions (UFBU) has written a letter to Department of Financial Services, Ministry of Finance on the issue of wage revision in 11th bipartite settlement, which is due from 1st November 2017. UFBU has requested the Government to advise IBA to hold negotiations without further delay and start discussions on the quantum
- [RBI imposes Rs.30 Million penalty on IndusInd Bank](https://bankersclub.in/rbi-imposes-rs-30-million-penalty-indusind-bank/) - Reserve Bank of India imposes a penalty of Rs.3 Crores on the private sector lender IndusInd Bank for non compliance with RBI guidelines and directions. RBI in a press release on on 13-12-17 stated that The Reserve Bank of India (RBI) has imposed on December 12, 2017, a monetary penalty of ₹ 30 million on
- [Public Sector Banks to raise Capital from Market by March 18](https://bankersclub.in/public-sector-banks-raise-capital-market-march-18/) - As part of government's Rs.2.11 lac crore recapitalization plan, 8 Pubic Sector Banks are going to raise capital from market. Punjab National Bank will be the first to raise 5000 crores capital. Some banks have already got approval from Finance Ministry for raising funds through private placements, while the others are in the process of
- [Govt. to overhaul HR practices in Public Sector Banks](https://bankersclub.in/govt-overhaul-hr-practices-public-sector-banks/) - According to a news report, Central Government is seeking to revamp the existing practices in Human Resource and Risk Management in Public Sector Banks. Suggested changes include hiring in specialized verticals at senior levels from private sector, establishing remuneration committee an making the board more accountable. The function of management and supervision to be separated
- [Bank Holidays in Delhi 2018](https://bankersclub.in/bank-holidays-delhi-2018/) - These are the bank holidays in Delhi for 2018 declared under Negotiable Instrument Act. List of holidays in Delhi for 2017 under Negotiable Instrument Act S. No Occasion/ Festival Date Day 1 Republic Day 26 Jan 2018 Friday 2 Holi 02 Mar 2018 Friday 3 Mahavir Jayanti 29 Mar 2018 Thursday 4 Good Friday 30
- [UFBU writes to PNB and Dena Bank for limited Mandate upto Scale III](https://bankersclub.in/ufbu-writes-pnb-dena-bank-limited-mandate-upto-scale-iii/) - United Forum of Bank Unions has written to CMD of Dena Bank and MD & CEO of Punjab National Bank taking the issue of giving mandate for negotiation upto Scale III only. These Bank have given mandate to IBA in respect of wage negotiations in the ongoing 11th Bipartite Settlement for Officers upto Scale III
- [Bank Wage Revision Update - Meeting of Unions and IBA](https://bankersclub.in/bank-wage-revision-update-meeting-unions-iba/) - Another round of discussion took place between Indian Bank Association and Workmen Union on 14th November 2017. Wage Revision by way of 11th Bipartite Settlement is due from 1st November 2017 and is pending. (In the meantime, DA for Bankers has increased by 3.80% from November 2017) The issues related to disciplinary actions were discussed
- [DA for Bank Employees from November 2017 [Confirmed]](https://bankersclub.in/expected-da-for-bank-employees-from-november-2017/) - As we predicted, DA for Bank Employees from November 2017 to January 2018 has increased by 3.80 % (Read: How DA for Bank Employees is calculated). DA slabs for the next quarter, November 2017 to January 2018 will be 516 i.e., 51.60 %. That means there is an increase in DA by 3.80% from the existing
- [5 Days working for Banks?](https://bankersclub.in/5-days-working-banks/) - The demand for 5 days week in banks is included in charter of demand for 11th BPS and is under negotiation. During recent time, there have been various rumors that 5 days banking has been approved from 1st November 2017, even some videos and some fake news articles are being spread. However, there is no such approval
- [11th BPS Latest update - 3rd Round of Core Group Meeting](https://bankersclub.in/11th-bps-latest-update-3rd-round-of-core-group-meeting/) - 11th Bipartite Settlement is due from 1st November 2017 for which negotiations are under process. UFBU has already submitted Charter of Demand for 11th BPS in June 2017. Here is the latest update on 11th Bipartite Settlement. 3rd Round of Core Group Meeting of Officers was held on 9th October 2017 at the Office of
- [9 Executive Directors appointed in Public Sector Banks](https://bankersclub.in/9-executive-directors-appointed-public-sector-banks/) - On the recommendations of Bank Board Bureau, Appointment Committee of Cabinet has elevated 9 General Managers to Executive Directors in different Public Sector Banks. Two GMs have been elevated to Executive Director post in the same Bank. 1. Bajrang Singh Shekhawat, General Manager in Central Bank of India will now be the Executive Director in
- [Biggest Bank Robberies in world](https://bankersclub.in/biggest-bank-robberies-in-world/) - Every other day there is a story about bank robbery, some inspired by a movie and some with such mindblowing ideas that movies are made on them. But can you imagine what could be the amount of biggest bank robberies? There are bank robberies amounting in thousands of crores and some may be bigger than the
- [Salary of Top Bankers in India](https://bankersclub.in/salary-of-bankers/) - 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 MD, Kotak Mahindra Bank Remuneration
- [11th bipartite settlement - Charter of Demand](https://bankersclub.in/11th-bipartite-settlement-charter-of-demand-for-wage-revision/) - 11th Bipartite Settlement is due from 1st November 2017. Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement for Bank Employees. The charter of
- [Why Merger of Public Sector Banks is not Easy](https://bankersclub.in/why-merger-of-public-sector-banks-is-not-easy/) - Even though the Government has given its in principle approval for merger of public sector, the merger process will not be an easy one. Merging such huge banks with huge infrastructure and manpower will have many roadblocks. Let's see why merger of public sector banks is not easy. 1. Human Resource Issues This is not
- [When will 11th Bipartite Settlement take place?](https://bankersclub.in/11th-bipartite-settlement-date/) - Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA. 11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet the timelines of 11th bipartite settlement date which is 1st November 2017. After
- [AIBOC Condemns Cabinet Approval of Merger of Public Sector Banks](https://bankersclub.in/aiboc-condemns-cabinet-approval-of-merger-of-public-sector-banks/) - All India Bank Officers' Confederation (AIBOC) has condemned the in principle approval of cabinate for merger of Public Sector Banks. AIBOC said that "in the Parliament the Minister of State stated that there is no plan for merger. The announcement of merger plan just after a day of successful Nationwide strike indicates that the Government is not
- [Bank Strike on 22nd August 2017 Confirmed - Conciliation Meeting failed](https://bankersclub.in/bank-strike-22nd-august-2017-confirmed-conciliation-meeting-failed/) - As already decided UFBU and Bank Unions to go ahead with the All India Bank Strike on 22nd August 2017 as the conciliation meeting before Chief Labour Commissioner failed. UFBU informed that a conciliation meeting between IBA and UFBU was held on 19th August before the Chief Labour Commissioner in New Delhi wherein UFBU explained
- [Quarterly results of public sector banks for June 2017.](https://bankersclub.in/quarterly-results-of-public-sector-banks-for-june-2017/) - We are giving a comparison of quarterly results of all major public sector banks in India. Indian Overseas Bank Tops the list in terms of NPA, having net NPA of 14.97% and reported loss of Rs.499.09 crores for the quarter ending June 2017. Uco Bank reported highest loss of Rs.663.02 crores and has
- [Bank Strike on 22 August 2017](https://bankersclub.in/bank-strike-22-august-2017/) - UFBU has called all India Bank Strike on 22nd August 2017. A meeting of UFBU was held at Mumbai on 28th June 2017 to discuss and decide on the further course of action on the present moves of the Government against the Public Sector Banks and also the wage revision issues. After deliberation it was decided to call
- [DA for Bank Employees from August 2017](https://bankersclub.in/da-bank-employees-august-2017/) - Dearness Allowance has increased by 2.20% for Bank Employees for the period August 2017 to October 2017. In other words, there is increase of 22 slabs in DA for bankers. (Read how DA for Bank Employees is calculated). [irp posts="2346" name="Summary of Charter of demand for 11th Bipartite Settlement"] [irp posts="2483" name="Merger News - Canara Bank to
- [15 GMs recommended for ED Post by Bank Board Bureau](https://bankersclub.in/15-gms-recommended-ed-post-bank-board-bureau/) - 15 General Managers of Public Sector Banks have been recommended by Banks Board Bureau to the Government of India for the post of Executive Directors in Public Sector Banks. These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in Public Sector Banks for the period 2017-18.
- [200 rupees notes printing started by RBI](https://bankersclub.in/200-rupees-notes-printing-started-by-rbi/) - Soon you'll see a 200 rupees currency note in market. For the first time Rs.200 note will be introduced. RBI has cleared the proposal and placed order for printing of new 200 rupees notes. These notes will be printed in one of the Government owned facility. The new denomination note of 200 is being introduced
- [Merger News - Canara Bank to merge Vijaya Bank & Dena Bank](https://bankersclub.in/merger-news-canara-bank-merge-vijaya-bank-dena-bank/) - There is a possibility that Canara Bank will acquire Vijaya Bank and Dena Bank as the Government wants to create a few big Banks instead of various small banks. According to sources, Vijaya Bank and Dena Bank will be merged first and a new entity will be formed. This new entity will be taken over
- [DA for Bank Employees from February 2017](https://bankersclub.in/da-for-bank-employees-from-february-2017/) - Actual DA for Bank Employees from February 2017 will decrease by 0.90%. With the release of CPI data for the month of December 2016, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) [irp posts="2147" name="DA for Bank Employees from May 2017"] Average CPI for 3 months works
- [Public Sector Banks' poor rating in Customer Service](https://bankersclub.in/public-sector-banks-poor-rating-customer-service/) - In the BCSBI Code Compliance Rating 2017, no public sector bank except IDBI Bank has been rated as 'High' on customer service. RBL Bank, a new private bank has been rated highest in customer service with total score 95 while IDBI Bank is only public sector bank in top 10. In the list of 12
- [DA for Bank Employees from May 2017](https://bankersclub.in/da-bank-employees-may-2017/) - Actual DA for Bank Employees from May 2017 will decrease by 1.40%. With the release of CPI data for the month of March 2017, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) See: Actual DA for May 2017 to July 2017 Have you filed your Income Tax
- [Have you filed your ITR for FY 2016-17?](https://bankersclub.in/filed-itr-fy-2016-17/) - Have you filed your Income Tax Return for FY 2016-17? If not, then you should file your return as soon as possible. Because from this year onwards, if you delay in filing your ITR, you’ll need to pay a penalty upto Rs. 10,000. Please do not even let the though come into your mind that
- [Nomination facility in Banks](https://bankersclub.in/nomination-facility-banks/) - Nomination facility: Section 45 ZA to 45 ZF of the Banking Regulation Act, 1949 Procedures are given in Banking Companies (Nomination) Rules, 1985. Account holder can nominate any individual of his choice as nominee to receive money from the bank in case of death of the depositor. Nomination facility is available to all types of
- [SBI to go slow on Hiring](https://bankersclub.in/sbi-to-go-slow-on-hiring/) - State Bank of India (SBI), the largest public sector bank of India, will scale down the fresh hiring for next 2-3 years. SBI is the biggest recruiter among public sector banks in India. The decision to go slow on hiring is also due to the overflow of workforce from the merged associates. Krishna Kumar, Managing
- [Bank to have CFO and CTO](https://bankersclub.in/bank-cfo-cto/) - Reserve Bank of India vide notification dated 18.05.2017 has suggested that all Scheduled Commercial Banks should have Chief Financial Officer (CFO) and Chief Technical Officer (CTO). These are the jobs which require specialized qualification and experience. Presently all Banks do not have these specialized qualified persons for these jobs and now RBI has suggested minimum
- [Summary of Charter of demand for 11th Bipartite Settlement](https://bankersclub.in/summary-charter-demand-11th-bipartite-settlement/) - Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This 11th BPS Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees. The charter of demand for wage revision is 104 pages long. So we
- [SBI mandate for 11th BPS for upto Scale III only](https://bankersclub.in/sbi-mandate-11th-bps-upto-scale-iii/) - The first meeting for negotiating to salaries of Banks employees under 11th Bipartite Settlement has already taken place on May 2. UFBU has submitted the summary of demands, however, detailed charter of demand is yet to be submitted. But now it has come to light that State Bank of India has given mandate to IBA to
- [RBI puts restriction on IDBI Bank as Prompt Corrective Action](https://bankersclub.in/rbi-puts-restriction-idbi-prompt-corrective-action/) - Reserve Bank of India has invoked 'Prompt Corrective Action' (PCA) on IDBI Bank. The PCA has been invoked by RBI due to IDBI Bank's increasing NPAs and negative Return on Assets. IDBI Bank’s net NPAs increased to 9.61% in the December 2016 quarter from 8.32% during September 2016 quarter. The annualized return on assets for
- [Bank to pay Rs.1 lac for not informing Rejection of Loan](https://bankersclub.in/bank-to-pay-rs-1-lac-for-not-informing-rejection-of-loan/) - State Consumer Disputes Redressal Commission, Maharashtra directed Bank of Baroda to pay Rs.1 lac as compensation for not informing the rejection of housing loan and reasons thereof. Jayprakash R.Kushwaha entered into an agreement for purchase of house, in a Co.Op. Housing Society for Rs.4 lakh on 12/3/2007 and gave Rs.87,000/- as advance. Rest of amount of
- [Don't hide Top Corporate Wilful Defaulters ask Bank Employee Unions](https://bankersclub.in/dont-hide-top-corporate-wilful-defaulters-ask-bank-employee-unions/) - Leaders of Bank Employees' Unions have demanded that name of the top corporate willful defaulters should be published and made public immediately. One of the AIBOC leader from Kolkata said that “The Reserve Bank of India has been steadfastly refusing to divulge the names of top corporate wilful defaulters. In the days to come, the position
- [10 Public Sector Banks asked to cut cost](https://bankersclub.in/10-public-sector-banks-asked-cut-cost/) - According to media reports, 10 public sector banks have been asked by the Ministry of Finance, Government of India, to cut cost, in order to get fresh capital infusion, which was promised by the Government under Indradhanush program. The list of these banks include Uco Bank, United Bank, Allahabad Bank, Dena Bank, Indian Overseas Bank, Vijaya
- [Non Performing Assets - Prudential Norms](https://bankersclub.in/non-performing-assets-prudential-norms/) - Non Performing Assets - Prudential Norms Category Treated as NPA if: Term Loan Interest and/or installment of principal remain overdue for a period of more than 90 days Overdraft/ Cash Credit (OD/CC) accounts 1) The account remains out of order continuously for 90 days. 2) Drawings are allowed on DP calculated on stock statement older
- [Bank and Customer Relationship](https://bankersclub.in/bank-customer-relationship/) - Bank and Customer Relationship Sl No Type of Transaction Bank Customer 1 Deposit a/c and Credit balance in CC/OD Debtor Creditor 2 Loan a/c and Debit balance in CC/OD Creditor Debtor 3 Collection of cheques, TT, MT, Standing Instructions, sale/ purchase of securities, Maintenance of currency chest Agent Principal 4 Safe custody articles Bailee Bailor 5 Leasing
- [Best Credit Card for Cash back and savings 2017](https://bankersclub.in/best-credit-card-for-cash-back-and-savings-2017/) - Everyone spends on movies, fuel, shopping and utility bills like telephone, electricity, broadband etc. Its better to spend through credit cards instead of cash or debit card, because credit cards offer you various benefits. The best thing is that some credit cards offer cash back on every spend. We have compared the best credit cards available
- [11th Bipartite Settlement - AIBOC Circular](https://bankersclub.in/11th-bipartite-settlement-aiboc-circular/) - All India Bank Officers' Confederation (AIBOC) has issued a circular, clarifying the progress made in respect of 11th Bipartite Settlement, which is due to be implemented with effect from 01.11.2017 See: 11th bipartite settlement latest news. AIBOC advised that the members should ignore the confusion created through social media that there is no progress on 11th bipartite settlement.
- [Gratuity Increase for Bankers - 6 Developments so far](https://bankersclub.in/gratuity-increase-for-bankers-6-developments-so-far/) - The law related to gratuity is governed by Payment of Gratuity Act. And to increase the Gratuity Limit, Payment of Gratuity Act will be amended by Parliament. The Gratuity Act amendment is yet to take place. There is no Payment of Gratuity Act 2016 or Payment of Gratuity Act amendment in 2016 because the Act
- [Huge salary hike for RBI Governor Urjit Patel](https://bankersclub.in/huge-salary-hike-rbi-governor-urjit-patel/) - Government has given a big pay hike for RBI Governor Urjit Patel and Deputy Governors of RBI. Basic salary of Urjit Patel, RBI Governor has been increased from Rs.90,000 per month to Rs.2,50,000 per month and that of deputy governors, it has been increased from Rs.80,000 per month to Rs.2,25,000 per month. [irp posts="2170" name="Impact
- [UPI Fraud : Bank of Maharashtra lost 25 crores](https://bankersclub.in/upi-fraud-bank-maharashtra-lost-25-crores/) - Bank of Maharashtra has reported that the bank has lost Rs.25 crores due to a fraud through UPI app. The fraud took place due to a bug in UPI , which was used by a some people in Aurangabad. How the fraud took place: A few people discovered that even if you don't have
- [Banks to remain open on March 25 and March 26, 2017 for Govt. Business](https://bankersclub.in/banks-remain-open-march-25-march-26-2017-govt-business/) - Reserve Bank of India issued notification today that all Agency Banks to remain open for public on Saturday 25th March and Sunday 26th March 2017 too, for transacting Government Business. The notification says The Government of India has advised that all Pay and Account Offices will remain open on all days up to April 1,
- [Impact of demonetization on banks](https://bankersclub.in/impact-demonetization-banks/) - What was the impact of demonetization on banks? Staff of Monetary Policy Department of RBI prepared a paper describing how demonetization affected the banks. Read: How people are exploiting Paytm flaw to earn money Impact on Balance Sheet and Profitability of Banks Demonetization has had a significant impact on the balance sheet of scheduled commercial banks
- [RBI App for Android and IOS](https://bankersclub.in/rbi-app-android-ios/) - Reserve Bank of India has launched an App of its website. The app can be downloaded for Android and Apple devices. The RBI app can be searched on play store or apple store using keyword ‘Reserve Bank of India’. [irp posts="2147" name="DA for Bank Employees from May 2017"] Read: How people are exploiting Paytm flaw to
- [How people are exploiting Paytm flaw to earn money](https://bankersclub.in/people-exploiting-paytm-flaw-earn-money/) - The mobile wallet company Paytm has noticed that people were earning money by exploiting a flaw in the paytm wallet system. Some people were adding money to their paytm wallet using credit card, which earns them some loyalty/ reward points and then transferring the money from the paytm wallet to saving account, which will earn
- [Effect of Bank Strike on 28th February 2017](https://bankersclub.in/effect-bank-strike-28th-february-2017/) - Public Sector Bank Employees were on strike today, which was called by United Forum of Bank Unions (UFBU). C H Venkatachalam, General Secretary, All India Bank Employees' Association said that around 85,000 branches of commercial banks, 105,000 branches of co-operative bank and others are on strike. What was the effect of banlers' strike (besides your
- [Banking Ombudsman Scheme, 2006 - FAQs](https://bankersclub.in/banking-ombudsman-scheme-2006-faqs/) - What is the Banking Ombudsman Scheme? The Banking Ombudsman Scheme provide forum to bank customers for resolution of complaints relating to banking services. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Who is a Banking Ombudsman? A senior official appointed by
- [Merger of SBI & Associate Banks - Key Facts](https://bankersclub.in/merger-sbi-associate-banks-key-facts/) - SBI has already approved merger of its associate banks and Bhartiya Mahila Bank. Cabinate has given approval for merger of 5 associate banks with RBI, although no decision about merger of BMB. Here are some facts about the merger and position of SBI post merger: Banks which will be merged with SBI: State Bank of
- [Bank Strike on 28th February 2017](https://bankersclub.in/bank-strike-28th-february-2017/) - 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) 17.02.2017 Centralised Demonstrations at all
- [Study Material for Bank Promotion - Banking Regulation Act](https://bankersclub.in/study-material-bank-promotion-banking-regulation-act/) - In this series of study material for bank promotion, these are brief Notes on Banking Regulation Act. Read the underlined words carefully as they are important part of definition on which questions may be based. THE BANKING REGULATION ACT, 1949 Applicable to entire India Effective from 10.03.1949 Regulates all banking companies in India Initially applicable for
- [Banks to hire Astrologers](https://bankersclub.in/banks-hire-astrologers/) - Soon you may see recruitment advertisement of a public sector bank, which will look something likes this - "Required 'Astrologers' having degree in astronomy, for a leading nationalized Bank. The astrologer will be posted in Head Office and Branches of the bank. Job profile of the astrologer will be to predict, if the business of a borrower will
- [Bank Strike on 7th Feb 2017](https://bankersclub.in/bank-strike-7th-feb-2017/) - In demand of a solution to the problems caused due to demonetisation and recovery of bad loans Bank Unions have called strike on 7th Feb 2017. All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA) and the Bank Employees Federation of India (BEFI) have issued a joint statement calling strike on 7th
- [CRR, SLR, Bank Rate, Repo Rate etc.](https://bankersclub.in/crr-slr-bank-rate-repo-rate-etc/) - Bank Rate Rate at which RBI lends to commercial banks. This tool is used by central bank for short-term purposes. Increase in Bank Rate by RBI is indication to banks to increase lending and deposit rates. Repo Rate Rate at which the RBI lends short-term money to the banks against securities. Increase in Repo rate
- [Endorsement under negotiable Instrument Act, 1881](https://bankersclub.in/endorsement-negotiable-instrument-act-1881/) - Signing of an instrument on back, face or slip annexed to it for the purpose of negotiation. It can be endorsed by Drawer/ Maker, Holder or Payee is called endorsement under Negotiable Instruments Act, 1881. Person making endorsement is called ‘Endorser’ and to whom endorsement is made is called ‘Endorsee’. Negotiable Instrument Act Banking
- [Study Material for Bank Promotion Test - RBI Act](https://bankersclub.in/study-material-bank-promotion-test-rbi-act/) - Reserve Bank of India Act, 1934 Reserve Bank of India Established RBI on 01.04.1935 Nationalized on 01.01.1949 Paid up capital – Rs. 5 crore Managed by a Central Board of Directors – (One Governor, 4 Dy. Governors & 15 other Directors) and 4 Local Boards (at 4 metros) 1st Governor – Mr. O Smith, 1st Indian
- [Difference between promissory note and bill of exchange](https://bankersclub.in/difference-between-promissory-note-and-bill-of-exchange/) - Promissory note and Bill of Exchange are defined under Negotiable Instrument Act 1881 as under: Promissory note (Section 4) An instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person,
- [Study Material for Bank Promotion - Negotiable Instruments Act](https://bankersclub.in/study-material-for-bank-promotion-negotiable-instruments-act/) - In this series, this is the study material for bank promotion (Notes on Negotiable Instruments Act). Read the underlined words carefully as they are important part of definition on which questions may be based. Negotiable Instrument Act 1881: Applicable to entire India including J&K. NI Act came into effect on 1st March, 1882 Total 17 chapters
- [Dishonour of cheque for insufficiency of funds (Section 138 of NI Act)](https://bankersclub.in/dishonour-cheque-insufficiency-funds-section-138-ni-act/) - As per Section 138 of Negotiable Instruments Act 1881, Cheque drawn for payment for discharge of any debt or other liability, is returned by the bank unpaid due to insufficient funds or exceeding the arrangement (in case of CC/OD account), such person is deemed to have committed an offence. Consqueces of dishonour of cheque
- [Lowest interest on home loan](https://bankersclub.in/lowest-interest-on-home-loan/) - Looking for a housing loan? But not sure, which bank is offering Lowest Interest on home loan? Here we have compared the rate of interest offered by top lenders, so that you can get best home loan at lowest interest rate. Bank of Baroda Bank of Baroda is offering lowest interest on home loan in the
- [Attractive Pay Packages for Bankers - Vinod Rai](https://bankersclub.in/attractive-pay-packages-for-bankers-vinod-rai/) - 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 2017, for Government has already
- [DA for Bank Employees for November 2016 to January 2017](https://bankersclub.in/da-bank-employees-november-2016-january-2017/) - See: Expected DA for Bank Employees from February 2016 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. CPI for the month September 2016 was announced on 31st October 2016, which is 277. CPI for July 2016 and August 2016 were 278 and 280 respectively. (Read how DA
- [Viral Acharya: New RBI Deputy Governor](https://bankersclub.in/viral-acharya-new-rbi-deputy-governor/) - 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 poetry (which you can guess
- [Bankers : Villains in the success of Demonetization.](https://bankersclub.in/bankers-villains-success-demonetization/) - On 8th November, 2016, PM Modi suddenly announced scrapping of 500 and 100 notes and entrusted the responsibility to bankers. To curb corruption. To stop terrorist funding. To unearth Black money. Responsibility was shouldered on Bankers. As they have done always created history in implementing various schemes launched by Prime Minister since he came to
- [Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016](https://bankersclub.in/pradhan-mantri-garib-kalyan-deposit-scheme-pmgkds-2016/) - The Government of India announced the “Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS)”. This Scheme is applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. The terms and conditions of thePradhan Mantri Garib Kalyan Deposit Scheme are as under: Eligibility for Deposits — The deposits under this Scheme
- [Don't Stand in Bank Queue, get token from your Mobile](https://bankersclub.in/dont-stand-in-bank-queue-get-token-from-your-mobile/) - Fed up with standing in Bank Queues? Wouldn't it be great if you visit the branch only when it is your turn? Now, you can get a token for bank services before visiting Bank Branch. State Bank of India, the largest Bank in India has made this possible through a mobile App. Yes, State Bank of
- [RBI eases norms for online card transactions upto Rs.2000](https://bankersclub.in/rbi-eases-norms-online-card-transactions-upto-rs-2000/) - 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 to opt in or not.
- [Expected DA for November 16 to January 2017 - Updated on 31.08.2016](https://bankersclub.in/expected-da-november-16-january-2017-updated-31-08-2016/) - See: Expected DA for February 2017 to April 2017 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. [See Actual DA for November 2016 to February 2017 to see scale wise Chart of DA and calculations] This article was updated on 31.08.2017 Expected increase in Dearness Allowance for Bank
- [RBI increases CRR temporarily](https://bankersclub.in/rbi-increases-crr-temporarily/) - With the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes (Specified Bank Notes - SBNs) from November 9, 2016, there has been a surge in deposits relative to the expansion in bank credit, leading to large excess liquidity in the system. RBI has stated that the magnitude of
- [SBI and PNB may move out from 11th Bipartite Settlement](https://bankersclub.in/sbi-pnb-may-move-11th-bipartite-settlement/) - According to media reports, State Bank of India and Punjab National Bank are exploring possibilities to move out from 11th Bipartite Settlement. SBI and PNB are exploring to move to performance linked variable pay structure. SBI is looking to give stock option plans to its employees to retain talent. Punjab National Bank has formed a
- [RBI FAQs on withdrawal of Rs500 and Rs.1000 notes](https://bankersclub.in/rbi-faqs-withdrawal-rs500-rs-1000-notes/) - 1. Why is this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and
- [Dispensation of Rs.100 denomination banknotes through exclusive ATMs](https://bankersclub.in/dispensation-rs-100-denomination-banknotes-exclusive-atms/) - 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 lower denomination notes including Rs.100
- [No Progress on 11th Bipartite Settlement Due in Nov 17](https://bankersclub.in/bank-wage-revision/) - 11th Bipartite Settlement (Bank Wage Revision) is due on 1st November 2017. Government had already written to Banks and IBA on 12.01.2016. Despite the initiative taken by Finance Ministry, there is no progress shown by Bank employee Bank employees unions and officers associations on issue of 11th Bipartite Settlement. Public sector banks have failed to
- [Expected DA for November 16 to January 2017 - Updated on 30.09.2016](https://bankersclub.in/expected-da-november-16-january-2017-updated-30-09-2016/) - Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. [See Actual DA for November 2016 to February 2017 to see scale wise Chart of DA and calculations] This article was updated on 30.09.2016 Expected increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 will be 2.70%.
- [Security Breach of 32 lacs Debit Cards of SBI, HDFC, Axis](https://bankersclub.in/security-breach-32-lacs-debit-cards-sbi-hdfc-axis/) - 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 compromised cards were issued on
- [Import Data Processing and Monitoring System (IDPMS)](https://bankersclub.in/import-data-processing-monitoring-system-idpms/) - A.P. (DIR Series) Circular No. 05 October 06, 2016 Import Data Processing and Monitoring System (IDPMS) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.65 dated April 28, 2016 read with Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), Government of India Notification
- [Operating Guidelines for Payment Banks issued by RBI](https://bankersclub.in/operating-guidelines-payment-banks-issued-rbi/) - Operating Guidelines for Payments Banks have been issued by RBI on 6th October 2016. Gist of operating guidelines is given below: Bank deposits - PBs can accept only savings and current deposits. The aggregate limit per customer shall not exceed ₹100,000. PBs will not be permitted to lend to any person including their directors. However, PBs
- [Interest on PPF & other Small Saving Schemes Decreased](https://bankersclub.in/interest-ppf-small-saving-schemes/) - 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 11th bipartite settlement be completed
- [Nine GMs recommended for ED post by Bank Board Bureau](https://bankersclub.in/nine-gms-recommended-ed-post-bank-board-bureau/) - 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 Atanu Kumar Das The Banks
- [Open Bank Account on App at Kotak Mahindra Bank](https://bankersclub.in/open-bank-account-app-kotak-mahindra-bank/) - 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 Jifi Account is opened instantly.
- [Banks to investigate one rupee Jandhan accounts](https://bankersclub.in/banks-to-investigate-one-rupee-jandhan-accounts/) - 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 zero-balance accounts low. Banks will
- [Acceptance of Cash Over the Counter - Income Declaration Scheme, 2016](https://bankersclub.in/acceptance-cash-counter-income-declaration-scheme-2016/) - RBI/2016-17/62 DBR.No.Leg.BC. 13/09.07.005/2016-17 September 8, 2016 The Managing Directors/Chief Executive Officers All Scheduled Commercial Banks (including RRBs) Dear Sir, Income Declaration Scheme, 2016 – Acceptance of Cash Over the Counter Please refer to the Circular DBOD.No.Leg.BC.38/09.07.005/2008-09 dated August 28, 2008 wherein banks have been advised to ensure that their branches invariably accept cash from all
- [FAQs on KYC guidelines by RBI](https://bankersclub.in/faq-kyc-guidelines-rbi/) - RBI has issued fresh FAQs on Know Your Customer (KYC) guidelines. (Updated up to September 02, 2016) (This is a summarised and simplified version of the Reserve Bank of India’s Know Your Customer guidelines.) Q1. What is KYC? Why is it required? Response: KYC means “Know Your Customer”. It is a process by which banks
- [How you can save Rs.7210 of Income Tax by investing Rs.10000](https://bankersclub.in/can-save-rs-5150-income-tax-investing-rs10000/) - Is TDS eating up your salary and you feel that you get less in hand salary? You would be already aware about the various tax saving instruments (like Deductions Section 80C, 80D or deduction of housing loan interest) but do you know you can save more tax with the a little more investment (if you are already
- [Banks' Strike on 2nd September 2016](https://bankersclub.in/banks-strike-2nd-september-2016/) - 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 taking steps which are anti-people.
- [Interest Free Banking in India](https://bankersclub.in/interest-free-banking-india/) - RBI is exploring the possibility of interest free banking in India to improve financial inclusion. According to Annual Report released by RBI: “Some sections of the Indian society have remained financially excluded for religious reasons that preclude them from using banking products with an element of interest. Towards mainstreaming these excluded sections, it is proposed
- [Get Personal loan at ATM](https://bankersclub.in/personal-loan-at-atm/) - 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 other means but for that
- [Unified payment system (UPI) is now live for 21 banks](https://bankersclub.in/unified-payment-system-upi-now-live-21-banks/) - 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 is being made available by
- [Tradability of Sovereign Gold Bonds, 2016 - RBI Press Release](https://bankersclub.in/tradability-sovereign-gold-bonds-2016-rbi-press-release/) - Sovereign Gold Bond Scheme, 2016; and Sovereign Gold Bond Scheme 2016 – Series II were announced by the Government of India vide notifications dated January 14, 2016 and March 04, 2016, respectively. In terms of Para 17 of the Scheme, it is notified that the Sovereign Gold Bonds (issued on February 8, 2016 and March
- [RBI issues Master Directions for Non-Banking Financial Companies](https://bankersclub.in/rbi-issues-master-directions-non-banking-financial-companies/) - The Reserve Bank of India today issued Master Directions on six subjects relating to Non-Banking Financial Companies (NBFCs) under its regulation. These directions consolidate/reorganise instructions issued in various Circulars/Directions/ Notifications/Master Circulars. The six Master Directions replace instructions contained in existing Master Circulars. The subjects on which Master Directions have been issued are: Exemptions from the
- [RBI Seeks Comments on Draft Large Exposures Framework](https://bankersclub.in/rbi-seeks-comments-draft-large-exposures-framework/) - The Reserve Bank of India today placed on its website the Draft Large Exposures (LE) Framework for comments. The salient features of the proposed Large Exposures (LE) Framework include: The Large Exposure (LE) limit in respect of each counterparty and group of connected counterparties, under normal circumstances, will be capped at 20 percent and 25
- [Urjit Patel - New Governor of Reserve Bank of India](https://bankersclub.in/urjit-patel-new-governor-reserve-bank-india/) - 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 Bank of India (RBI) for
- [RBI Governor launches Website 'सचेत' to curb Illegal Collection of Deposits](https://bankersclub.in/rbi-governor-launches-website-सचेत-to-curb-illegal-collection-of-deposits/) - “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 with genuine entities by giving
- [Certification necessary for bank employees in specialized jobs : RBI](https://bankersclub.in/certification-necessary-for-bank-employees-in-specialized-jobs-rbi/) - 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 obtain the requisite certification before
- [Frauds due to bank’s negligence – Customer not liable : RBI Draft](https://bankersclub.in/frauds-due-to-banks-negligence-customer-not-liable-rbi-draft/) - 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 of India, Central Office, 12th
- [Dearness Allowance Increase  for Bankers from August 2016 to October 2016](https://bankersclub.in/dearness-allowance-increase-for-bankers-from-august-2016-to-october-2016/) - 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 and increase in DA for
- [Dishonour of cheques – Modification in procedure](https://bankersclub.in/dishonour-of-cheques-modification-in-procedure/) - 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 operation of accounts with cheque
- [Pakistani hacker tried to hack canara bank website](https://bankersclub.in/383/) - A Pakistani hacker attacked Canara Bank's website and tried to block the bank's e-payment services. The hacker calls himself Faisal. Canara Bank has filed an FIR with Cyber Crime Department of the police and diverted the traffic from main server to standby server. No loss has been reported by the bank. The hacker left a
- [Why you should not delay payment of Credit Card Bill](https://bankersclub.in/why-you-should-not-delay-payment-of-credit-card-bill/) - Credit Card is a widely used method of payment these days, as it allows to shop now and pay later. So, in way, you postpone the actual payment of your expenditure or shopping. All the spending of the month is billed and you are required to pay the credit card bill upto a defined date
- [Reporting Requirements under Basel III Capital Regulations- Review](https://bankersclub.in/reporting-requirements-under-basel-iii-capital-regulations-review/) - RBI/2015-16/428 DBR.BP.BC.No.105/21.06.001/2015-16 June 23, 2016 All Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Reporting Requirements under Basel III Capital Regulations- Review Please refer to the Annexures 3 and 4 of the Master Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on Basel III Capital Regulations in terms of which banks are permitted
- [Implementation of Indian Accounting Standards (Ind AS)](https://bankersclub.in/implementation-of-indian-accounting-standards-ind-as/) - RBI/2015-16/429 DBR.BP.BC.No.106/21.07.001/2015-16 June 23, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) Please refer to circular DBR.BP.BC.No.76/21.07.001/2015-16 dated February 11, 2016 on the captioned subject in terms of which banks have been directed to be in preparedness to submit Proforma Ind AS Financial
- [Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies](https://bankersclub.in/reporting-of-information-on-investment-in-commercial-papers-and-unhedged-foreign-currency-exposures-of-the-borrowers-to-credit-information-companies/) - RBI/2015-16/432 DBR.CID.BC. 107/20.16.056/2015-16 June 23, 2016 All Scheduled Commercial Banks All India Financial Institutions Credit Information Companies Dear Sir / Madam Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 advising banks to implement
- [Scheme for Sustainable Structuring of Stressed Assets](https://bankersclub.in/scheme-for-sustainable-structuring-of-stressed-assets/) - RBI/2015-16/422 DBR.No.BP.BC.103/21.04.132/2015-16 June 13, 2016 All Scheduled Commercial Banks (Excluding RRBs), All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Non-Banking Financial Companies Securitisation Companies/ Reconstruction Companies Scheme for Sustainable Structuring of Stressed Assets In order to strengthen the lenders’ ability to deal with stressed assets, Reserve Bank of India has been issuing,
- [PSBs to reduce stake in ARCs](https://bankersclub.in/psbs-to-reduce-stake-in-arcs/) - With the rise in Non Performing Assets of Public sector banks, Asset Reconstruction Companies (ARCs) have gained importance now a days. Various Public Sector banks are having stakes in ARC for example the largest ARC, Asset Reconstruction Company (India) Limited is sponsored by State Bank of India and includes stake of IDBI and PNB. Now

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- [Best Books for CAIIB - available on amazon](https://bankersclub.in/books-for-caiib/) - Best Books for CAIIB Every banker wants to clear JAIIB & CAIIB as soon as possible because there are incentives attached to these certifications. We have already covered "How to clear JAIIB in first attempt". Now, if you have cleared your JAIIB and appearing for CAIIB, you must be looking for best books for CAIIB
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- [Syllabus for Bank Promotion Test](https://bankersclub.in/syllabus-for-bank-promotion-test/) - Following is the detailed syllabus or list of topics which are covered in bank promotion test for Clerk to Scale I, Scale I to II, Scale II to III,Scale III to IV and Scale IV to V. The Banking Regulation Act, 1949The RBI Act, 1934Indian Contract Act.Indemnity/ Guarantee/ Bailment/ Pledge/ Hyp./ Assignment/ MortgageNegotiable Instrument Act,
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- [DA Chart for Bank Workmen Staff from August 2018](https://bankersclub.in/da-chart-for-bank-workmen-staff-from-august-2018/) - DA for bankers has increased by 1.20% for the period August 2018 to October 2018. Following is DA Chart for Workmen Staff: Actual DA May-Jul 18 Actual DA Aug-Oct 18 Increase in DA from Aug 18 S No. Scale Basic Spl Allowance 52.90% 54.10% 1.20% 1 Clerk 11765 912 6,706.13 6,858.26
- [DA Chart for Bank Officer Staff from August 2018](https://bankersclub.in/da-chart-for-bank-officer-staff-from-august-2018/) - Bank DA has increased by 1.20% for the period August 2018 to October 2018. Following is DA Chart for Officer Employees of the bank: Actual DA May-Jul 18 Actual DA Aug-Oct 18 Increase in DA from Aug 18 S No. Scale Basic Spl Allowance 52.90% 54.10% 1.20% 1 I 23700 1837 13,509.07 13,815.52 306.44
- [DA CHART FOR BANK WORKMEN STAFF FROM MAY 2018](https://bankersclub.in/da-chart-for-bank-workmen-staff-from-may-2018/) - Bank DA has increased by 0.20% for the period May 2018 to July 2018. Following is DA Chart for Workmen Staff: Actual DA Feb-Apr 18 Actual DA May-Jul 18 Increase in DA from May 18 S No. Scale Basic Spl Allowance 52.70% 52.90% 0.20% 1 Clerk 11765 912 6,680.78 6,706.13
- [DA CHART FOR BANK OFFICER STAFF FROM MAY 2018](https://bankersclub.in/da-chart-for-bank-officer-staff-from-may-2018/) - Bank DA has increased by 0.20% for the period May 2018 to July 2018. Following is DA Chart for Officer Employees of the bank: Actual DA Feb-Apr 18 Actual DA May-Jul 18 Increase in DA from May 18 S No. Scale Basic Spl Allowance 52.70% 52.90% 0.20% 1 I 23700 1837
- [DA CHART FOR BANK WORKMEN STAFF FROM FEBRUARY 2018](https://bankersclub.in/da-chart-bank-workmen-staff-february-2018/) - Bank DA has increased by 1.20% for the period February 2018 to April 2018. Following is DA Chart for Workmen Staff: Actual DA Nov-Jan 18 Actual DA Feb-Apr 18 Increase in DA from Feb 18 S No. Scale Basic Spl Allowance 51.60% 52.80% 1.20% 1 Clerk 11765 912 6,541.33 6,693.46 152.12 2
- [DA CHART FOR BANK OFFICER STAFF FROM FEBRUARY 2018](https://bankersclub.in/da-chart-bank-officer-staff-february-2018/) - Bank DA has increased by 1.20% for the period February 2018 to April 2018. Following is DA Chart for Officer Employees: Actual DA Nov-Jan 18 Actual DA Feb-Apr 18 Increase in DA from Feb 18 S No. Scale Basic Spl Allowance 51.60% 52.80% 1.20% 1 I 23700 1837 13,177.09 13,483.54 306.44 2 I 24680
- [DA CHART FOR BANK WORKMEN STAFF FROM NOVEMBER 2017](https://bankersclub.in/da-chart-bank-workmen-staff-november-2017/) - Bank DA has increased by 3.80% for the period November 2017 to January 2018. Following is DA Chart for Workmen Staff: Actual DA Aug-Oct 17 Actual DA Nov-Jan 18 Increase in DA from Nov 17 S No. Scale Basic Spl Allowance 47.80% 51.60% 3.80% 1 Clerk 11765 912 6,059.61 6,541.33 481.73 2
- [DA CHART FOR BANK OFFICER STAFF FROM NOVEMBER 2017](https://bankersclub.in/da-chart-bank-officer-staff-november-2017/) - Bank DA has increased by 3.80% for the period November 2017 to January 2018. Following is DA Chart for Officer Employees: Actual DA Aug-Oct 17 Actual DA Nov-Jan 18 Increase in DA from Nov 17 S No. Scale Basic Spl Allowance 47.80% 51.60% 3.80% 1 I 23700 1837 12,206.69 13,177.09 970.41 2 I 24680
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- [DA CHART FOR BANK OFFICER STAFF FROM AUGUST 2017](https://bankersclub.in/da-chart-bank-officer-staff-august-2017/) - Bank DA has increased by 2.20% for the period August 2017 to October 2017. Following is DA Chart for Officer Employees: Actual DA May-Jul 17 Actual DA Aug-Oct 17 Increase in DA from Aug 2017 S No. Scale Basic Spl Allowance 45.60% 47.80% 2.20% 1 I 23700 1837 11,644.87 12,206.69 561.81 2 I
- [DA CHART FOR BANK WORKMEN STAFF FROM AUGUST 2017](https://bankersclub.in/da-chart-bank-workmen-staff-august-2017/) - Bank DA has increased by 2.20% for the period August 2017 to October 2017. Following is DA Chart for Workmen Staff: Actual DA May-Jul 17 Actual DA Aug-Oct 17 Increase in DA from Aug 2017 S No. Scale Basic Spl Allowance 45.60% 47.80% 2.20% 1 Clerk 11765 912 5,780.71 6,059.61 278.89
- [Bank Holidays in Maharashtra for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-maharashtra-2017/) - Following is the list of Bank Holidays in Maharashtra for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Maharashtra. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Maharashtra for 2017 under Negotiable Instrument Act: S.No
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- [DA Chart for Bank Officer Staff from May 2017](https://bankersclub.in/da-chart-bank-officer-staff-may-2017/) - Bank DA has decrease by 1.40% for the period May 2017 to July 2017. Following is DA Chart for Officer Employees: S No. Scale Basic Spl Allowance Actual DA From February 2017 Actual DA From May 2017 Decrease in DA from May 2017 46.90% 45.50% -1.40% 1 I 23700 1837 11976.853 11,619.34 -357.52
- [DA Chart for Workman Staff from May 2017](https://bankersclub.in/da-chart-workman-staff-may-2017/) - Bank DA has decrease by 1.40% for the period May 2017 to July 2017. Following is DA Chart for Workman Staff: S No. Scale Basic Spl Allowance Actual DA From February 2017 Actual DA From May 2017 Decrease in DA from May 2017 46.90% 45.50% -1.40% 1 Clerk 11765 912 5945.513 5,768.04 -177.48
- [Bank Holidays 2017](https://bankersclub.in/bank-holidays-2017/) - Following is the state-wise list of Bank Holidays in India for the year 2017. Bank Holidays are declared under Negotiable Instrument Act by Government of respective state government. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state, whether public sector banks, private banks or foreign
- [DA Chart for Workman Staff from February 2017](https://bankersclub.in/da-chart-workman-staff-february-2017/) - Bank DA has decrease by 0.90% for the period February 2017 to April 2017. Following is DA Chart for Workman Staff: Actual DA From November 2016 Actual DA From February 2017 Decrease in DA from February 2017 S No. Scale Basic Spl Allowance 47.80% 46.90% -0.90% 1 Clerk 11765 912 6059.606 5,945.51
- [DA Chart for Officer Staff from February 2017](https://bankersclub.in/da-chart-officer-staff-february-2017/) - Bank DA has decrease by 0.90% for the period Feburary 2017 to April 2017. Following is DA Chart for Officer Employees: Officers Actual DA From November 2016 Actual DA From February 2017 Decrease in DA from February 2017 S No. Scale Basic Spl Allowance 47.80% 46.90% -0.90% 1 I 23700 1837 12206.686 11,976.85
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- [Bank Holidays in West Bengal for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-west-bengal-2017/) - Following is the list of Bank Holidays in West Bengal for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of West Bengal. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. Read: 5 days working in Banks List of holidays in
- [RBI Rates and Ratios](https://bankersclub.in/rbi-rates-ratios/) - Rates and Statutory Ratios announced by RBI as on date are: Bank Rate 6.75% Repo Rate 6.25% Reverse Repo rate 5.75% Cash Reserve Ratio (CRR) 4% Statutory Liquidity Ratio 20.50% Marginal Standing Facility Rate 6.75% Read the following to understand what the above rates and ratio are: What is Bank Rate ? What is
- [Bank Holidays in Karnataka for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-karnataka-2017/) - Following is the list of Bank Holidays in Karnataka for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Karnataka. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Karnataka for 2017 under Negotiable Instrument Act S.No Occasion/Festival
- [Bank Holidays in Jharkhand for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-jharkhand-2017/) - Following is the list of Bank Holidays in Jharkhand for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Jharkhand. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Jharkhand for 2017 under Negotiable Instrument Act S.
- [Bank Holidays in Goa for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-goa-2017/) - Following is the list of Bank Holidays in Goa for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Goa. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Goa for 2017 under Negotiable Instrument Act S.
- [Bank Holidays in Chattisgarh for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-chattisgarh-2017/) - Following is the list of Bank Holidays in Chattisgarh for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Chattisgarh. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Chattisgarh for 2017 under Negotiable Instrument Act S.
- [Bank Holidays in Chandigarh for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-chandigarh-2017/) - Following is the list of Bank Holidays in Chandigarh for 2017. These are the Holidays declared under Negotiable Instrument Act by Chandigarh Administration. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Chandigarh for 2017 under Negotiable Instrument Act: S. No
- [Bank Holidays in Jammu and Kashmir for 2017](https://bankersclub.in/bank-holidays-jammu-kashmir-2017/) - Following is the list of Bank Holidays in Jammu and Kashmir for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Jammu and Kashmir Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Jammu and Kashmir for 2017
- [Holidays in Kerala for 2017](https://bankersclub.in/bank-holidays-2017/holidays-kerala-2017/) - Following is the list of Bank Holidays in Kerala for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Kerala Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Keralafor 2017 under Negotiable Instrument Act: S. No Occasion/
- [Bank Holidays in Uttar Pradesh for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-uttar-pradesh-2017/) - Following is the list of Bank Holidays in Uttar Pradesh for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Uttar Pradesh Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Uttar Pradesh for 2017 under Negotiable Instrument
- [Bank Holidays in Telangana for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-telangana-2017/) - Following is the list of Bank Holidays in Telangana for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Telangana. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Telangana for 2017 under Negotiable Instrument Act: S.No
- [Bank Holidays in Uttarakhand for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-uttarakhand-2017/) - Following is the list of Bank Holidays in Uttarakhand for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Uttarakhand Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Uttarakhand for 2017 under Negotiable Instrument Act: S.
- [Bank Holidays in Haryana for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-haryana-2017/) - Following is the list of Bank Holidays in Haryana for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Haryana Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Haryana for 2017 under Negotiable Instrument Act: S. No
- [Bank Holidays in Delhi for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-delhi-2017/) - Update: [5th January 2017 is Bank Holiday in Delhi] - Government of NCT of Delhi has declared, Thursday, 5th January 2017 as Bank holiday under Negotiable Instrument Act on 4th January 2017. Following is the list of Bank Holidays in Delhi for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of National
- [Bank Holidays in Rajasthan for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-rajasthan-2017/) - Following is the list of Bank Holidays in Rajasthan for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Rajasthan Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Rajasthan for 2017 under Negotiable Instrument Act: S. No Occasion/ Festival
- [Bank Holidays in Punjab for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-punjab-2017/) - Following is the list of Bank Holidays in Punjab for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Punjab. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Punjab for 2017 under Negotiable Instrument Act: S. No Occasion/
- [Bank Holidays in Madhya Pradesh for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-madhya-pradesh-2017/) - Following is the list of Bank Holidays in Madhya Pradesh for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Madhya Pradesh. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Madhya Pradesh for 2017 under Negotiable
- [Bank Holidays in Bihar for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-bihar-2017/) - Following is the list of Bank Holidays in Bihar for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Bihar. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Bihar for 2017 under Negotiable Instrument Act S. No
- [Bank Holidays in Assam for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-assam-2017/) - Following is the list of Bank Holidays in Assam for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Assam. Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Assam for 2017 under Negotiable Instrument Act S.
- [Bank Holidays in Andhra Pradesh for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-andhra-pradesh-2017/) - Following is the list of Bank Holidays in Andhra Pradesh for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Andhra Pradesh Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Andhra Pradesh for 2017 under Negotiable
- [Bank Holidays in Himachal Pradesh for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-himachal-pradesh-2017/) - Following is the list of Bank Holidays in Himachal Pradesh for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Himachal Pradesh Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Himachal Pradesh for 2017 under Negotiable
- [Bank Holidays in Gujarat](https://bankersclub.in/bank-holidays-2017/bank-holidays-gujarat/) - Following is the list of Bank Holidays in Gujarat for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Gujarat Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Gujarat for 2017 under Negotiable Instrument Act: S.
- [Bank Holidays in Puducherry for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-in-puducherry-for-2017/) - Following is the list of Bank Holidays in Puducherry for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Puducherry (LG of the Union Territory) . Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Puducherry for
- [Bank Holidays in Tamil Nadu for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-tamil-nadu-2017/) - Following is the list of Bank Holidays in Tamil Nadu for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of Tamil Nadu Holidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state. List of holidays in Tamil Nadu for 2017 under Negotiable
- [Bank Holidays in Odisha for 2017](https://bankersclub.in/bank-holidays-2017/bank-holidays-odisha-2017/) - Following is the list of Bank Holidays in Odisha for 2017. These are the Holidays declared under Negotiable Instrument Act by Government of OdishaHolidays declared under Negotiable Instrument Act by the State Government are observed by all the Banks in that state.List of holidays in Odisha for 2017 under Negotiable Instrument Act:S. NoOccasion/ FestivalDateDay1Republic Day26.01.2017Thursday2Basant Panchami01.02.2017Wednesday3Maha Shivratri24.02.2017Friday4Holi13.03.2017Monday5Annual
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