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…
Four Bank Employees Unions have decided to go on 2 days Strike on 26th and 27th September opposing merger of banks announced by Central Govt. and expeditious wage revision as per charter of demand. AIBOC, AIBOA, INBOC and NOBO have Read more…
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