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UCO Bank, A nationalized bank tried to start a new phenomenon in Government Banking scenario i.e. Performance based salary, which ultimately dead after creating a lot of panic and noises. First time this was introduced in the public sector bank where bank’s zonal heads had requested suspension of salary payments to 11 branches on grounds […]
After UCO bank, it’s Syndicate Bank who has informed that the order of their regional level offices for “No Work, No Pay” have been withdrawn. Sri M Rego, managing director and chief executive officer of the bank has informed in a statement that “The said notice was issued at the regional level without the powers […]
For any reason but government has finally accepted that the officials of all public sector banks who are board level executives or managerial level executives will be treated as equivalent to Group “A” central government post. This move was cleared and approved by cabinet committee chaired by prime minister Sri Narendra Modi. Cabinet has also […]
Guidelines for Merger of Banks in India – Union Government has announced that the framework along with guidelines is finalized for consolidation & Merger of public sector banks. Finance minister Arun Jaitely has informed the media about the proposed decision and told that the decision was taken at the Cabinet meeting. Mr Arun jaitely stated […]
Shining India – Rs 200 Note first time in India. The Reserve Bank of India (RBI) has come up with the first-ever Rs 200 denomination banknotes. Rs 200 new note will be having the Motif of Sanchi Stupa on the reverse. The base color of the note is Bright Yellow. The note has other designs, […]
Government of India has appointed Sri Ajay Vipin Nanavati as chairman of Public Sector Bank, Syndicate Bank. The appointments committee of the cabinet has approved his appointment as non-official director/non-executive chairman of Syndicate Bank for three years, according to an order issued by the department of personnel and training. Read : Syndicate Bank Declares Financial Results for […]
Government of India, Ministry of finance said that there is no plan for merging of any of the Public Sector Banks. Minister of state for finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha that there is no such proposal under the consideration of the government for consolidation of PSBs at […]
There was meeting held between representative of various Bank unions with IBA (Indian Bankers Association) for settlement of 11th Bipartite wage revision. IBA on behalf of government informed to settle the salary revision on time as per the scheduled date. During the discussions, the following issues were taken up for deliberations: Read : 11th Bipartite […]
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