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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…