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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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., Read more…
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 Read more…
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 Read more…
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 Read more…