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Public Sector Bank Unions are on strike from 3oth May – United Forum of Bank Unions (UFBU) has announced two-day bank strike on May 30 and 31 to protest against Indian Banks’ Association’s (IBA) humilating offers on wage hike under 11th Bipartite Settlement. The IBA has offered an average pay increase of 2% to employees […]
If believe on the recent reports by leading fiancial newspapers, there are few Public Sector Banks, which could be merged by end of this financial year or earlier. Finance Ministry has called all banks under PCA for review meeting and setting up performance metrices under reform agenda program EASE (Enhanced Access and Service Excellence), which focuses […]
Dena Bank is Bank number elevan under prompt corrective action (PCA). Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce and Bank of Maharashtra are aready placed under Reserva Bank of India’s Prompt Corrective Action. Read – What is Prompt Correction […]
Current Account opening Process & Guidelines with Banks – Know the Bank’s guidelines and process of Opening Current Account with Banks. The Reserve Bank of India guidelines and other important details. What is Current Account ? Current account are non interest-bearing bank account for business transactions. Customers can open current accounts with any banks for general […]
Learn in few easy steps, how to fix Syndicate Bank fund transfer limit of account using Internet Banking Facility – Syndicate Bank has added a new features in their Internet Banking Facility for customer. Any of customer can modify or fix the fund transfer limit of their account without visiting the branch. Click How To […]
The revised gratuity amount of Rs 20 lakhs is payable to bankers since 29th March 2018. The ministry of labour and employment vide gazette notification dated 29th March 2018 has raised the ceiling on the amount of gratuity payment under section 4 of the Payment of Gratuity Act, 1972 from existing Rs 10 lakhs to […]
Reserve Bank of India (RBI) has listed out the 11 Public sector banks on their watchlist and monitoring their performances. According to central bank, these 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets […]
Debt ridden Public Sector UCO bank has filed the fraud allegation charges against their former CMD & CEO Ajay Kaul in Rs 621 Crore loan fraud. Based on the FIR filled by UCO bank, CBI has booked the formed CMD in fraud cases and conducted searches in at least 10 places, eight of which are in […]
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