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Government of India and Reserve Bank of India (RBI) has banned the existing Rs 500 and Rs 1000 notes from the circulation and transaction with immediate effect. Starting 09th Nov transaction in these two currencies are not valid as the legal tender of these two denomination of notes are stands invalid. Starting November 09th currency […]
Banker’s DA For November 2016– The Dearness allowance in public sector banks for the months of Nov, Dec and Jan 2017 has been increased by 2.30% to 47.80% as compare to previous hike in the month of August 2016. Salary at all the scale including the special pay will be hike by 2.30% approx. Bank […]
Central Government Infuse Rs 22,915 Crore Capital in various Public Sector Banks as per the requirement of individual banks depending on the various criteria. The government in July had announced the first round of capital infusion of Rs 22,915 crore for 13 banks. The capital infusion in the different public sector bank for the current fiscal […]
Before financing the Housing loan or Mortgage loan or any loan against the mortgage of property, follow the specified guidelines for correct procedure if property are being mortgaged by legal heirs or property bought by legal heirs. In India property are being bought from the legal heirs under two major condition i.e. either There is […]
7th Pay commission draft is forwarded to cabinet and government may announce the recommendation of 7th Pay commission any time now. If your are a central government employee, here is everything you need to know about the proposed recommendations in the 7th Pay Commission. The recommendation of Pay commission will hike the salary including the […]
Union cabinets all set to accept the recommendation of seventh pay commission dated 29th June. Finance Secretary Ashok Lavasa has stated that “Committee of Secretaries (CoS) has finalised its report on Pay Commission recommendations. We will soon (file) draft Cabinet note based on the report,”. A Committee of Secretaries headed by Cabinet Secretary P.K. Sinha […]
India largest lender and dreamed to be the 55th largest bank in the world by assets after the [highlight]merging of proposed associates bank[/highlight], State bank of India (SBI) has shown the slumps in 66% profit to Rs 1,263.81 crore in Q4 FY 2015-16. It is the sharpest drop in profit after 2011 when it was dropped […]
Central Government has hinted the proposed merging of Public sector banks from existing 27 to consolidated six. Banks Board Bureau (BBB) chief Vinod Rai, in recent meeting with top media houses has hinted the start of proposed merging and told that government stood ready to inject fresh funds beyond the $3.7 billion earmarked in the 2016/17 […]
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