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Syndicate Bank’s Mediclaim cum personal accident policy with family floater advantage, Synd Arogya premium has been revised w.e.f 20th Dec 2018. The revised premium chart is provided by the bank here with below : Synd Arogya is a Group Mediclaim Insurance Cum Personal Accident for Syndicate Bank Account Holders. Option of Family floater advantage is also […]
Government has proposed the amendments to the Indian Telegraph Act and PMLA and include the penalties for unauthorized access for Aadhaar. Banks insisting on Aadhaar as the sole identity and address proof will be liable to a penalty of up to Rs 1 crore and jail for their staffers concerned — ranging from three to […]
Bankers Union are in thought that the proposed merger of Bank of Baroda with Vijaya Bank & Dena Bank will lead to massive job cuts. The All India Bank Employees Association (AIBEA) has called for a nation-wide strike on December 26 opposing the merger of Bank of Baroda, Dena Bank and Vijaya Bank. The 11th Bipartite Wage […]
Reserve Bank of India (RBI) has announced to implement new exclusive Banking Ombudsman for Digital Transactions. In recent time multiple issues such as failed transactions or funds sent to the wrong address have forced RBI to announce the separate Banking Ombudsman for Digital Transactions. RBI’s ‘Statement on Developmental and Regulatory Policies’ has announced setting up […]
Check & Verify the Genuineness & Authenticty of Income Tax Returns (ITR) – Many a time Bank officials or Credit or Loan Officers finds it difficult to verify the genuineness of the ITR submitted by borrowers for assessing the income criteria. It has been seen that the prospective fraudulent borrowers submit the unauthorized copy of […]
11th BPS Updates – Indian Banks’ Association (IBA) has raised its wage hike offer to 8% from earlier 6%, but failed to get the positive nod from bank unions. Banks’ Unions have also rejected the proposal to introduce variable pay, which would be linked to return on assets and operating profit and would be part of the […]
11th Bipartite Wage Revision for Bank Employees’ updates – Meeting updates between Bankers’ Union – UFBU and IBA on dated 30-11-2018. Indian Bankers’ Association (IBA) has called the United Forum of Bank Unions (UFBU) for a meeting on long pending wage revision of Public Sector Bank Employees. Following are the updates of the scheduled meeting […]
Public sector lender Syndicate Bank will be offering employee share purchase scheme and would raise up to Rs 500 crore by issuing stock to its staff. Syndicate Bank proposes to raise the funds this quarter or early next quarter. Mr. Mrutyunjay Mahapatra, CEO of Syndicate Bank said that Employee share purchase will be offered to […]
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