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 Read more…
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. Read more…
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 Read more…
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’ Read more…
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 Read more…
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 Read more…
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
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 Read more…
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 Read more…
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 Read more…