Two days’ bank strike on 21st December and 26th December has been announced by Bank Unions. ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC) has announced strike of bankers on 21st December on the issue of wage revision in 11th bipartite settlement. Read more…
Indian Bank Association (IBA) has called next meeting on 30th November 2018 for discussions on wage negotiation. The wage revision by way of 11th bipartite settlement is due from 1st November 2017. Round of meetings of taken place between IBA Read more…
Update 31/10/2018: DA for bank employees increased by 6.6% from November 2018. CPI for the month of September 2018 has also been published, which at same level of 301 as that for July and August 2018. As such DA for Read more…
The explosive speech of Dr Viral Acharya, the deputy governor of RBI on Friday has upset the Centre. He warned the government of “catastrophy” if it continued trying to undermine the central bank’s autonomy. He said, rash moves could trigger Read more…
Earlier since the Government gave its in principle approval for merger of public sector banks, it is a hot topic of discussion among bankers. And specially now after the approval for merger of Bank of Baroda, Dena Bank and Vijaya Read more…
On Sunday a message was circulated in social media under AIBEA letterhead that the UFBU has decided to call for five days continuous strike from November 26 to 30. According to a news in Financial Express, The All India Bank Read more…
The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third-largest lender, Financial Services Secretary Rajeev Kumar said Monday. Boards of the three banks will examine amalgamation proposal, Rajeev Kumar told a news conference Read more…
RBI has amended the Note Refund Rules, for exchange of mutilated currency notes. RBI has tweaked the rules following the introduction of new denominations of Rs.2000 and Rs.200 currency notes and also new versions of other denomination such as Rs.10, Read more…
A WhatsApp message is being circulated that the banks in the country are going to be closed for six days in September. This is the message being circulated: “Dear All, Pl, note that all the Banks will remain closed for Read more…
The government has asked the Reserve Bank of India (RBI) to prepare a list of candidates for merger among 21 government banks as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. Read more…