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 Read more…
Banks will soon provide full legal and financial support to defend serving/retired employees and officers, and also present/ former directors and their family members against cases arising out of bona fide execution of a bank’s work during their service period Read more…
DA for Bank Employees is increased by 12 slabs from August 2018 to October 2018. As such bankers to get 1.2% higher DA from the month of August 2018. [See Expected DA from November 2018] Read: How DA for Bank Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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, Read more…
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 Read more…