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