12th Bipartite Settlement News

Performance comparison of the Public Sector Banks in India as on Quarter ended 31st Dec 2023. The YoY comparison on various parameters like CASA Ratio, Business Growth, NPA and others. The overall CASA ratio of the public sector banks drops as compare…

Public Sector Bank of Baroda (BoB) has issued an explanatory notes to its employees involves in BoB World Mobile Banking application fraudulent case.  So far, at least 50 people have been asked to submit these notes across different branches, a person…

Last week many of the leading news paper had reported the further consolidation of UCO Bank & Bank of Maharashtra with Union Bank and Bank of India respectively.  In this regard the finance ministry has provided the clarification and put the stop …

The All India Bank Employee Association (AIBEA) has declared a series of nationwide strikes starting from December 4, with subsequent strike dates staggered until January 11. The strikes are set to affect several banks across the country, and include …

Public Sector Banks are making this Diwali special  for their employees  with the announcement of gifts worth up to Rs 2500 to each of their employees. India's largest public sector lender, State Bank of India (SBI) has given Rs 2,500 to each of i…

Appointments Committee of the Cabinet (ACC) has approved extension of term of office of A S Rajeev, MD and CEO of BoM, for six months till his superannuation. The government has cleared the extension of tenure of managing directors of two public secto…

India's largest bank, State bank of India has been doing provisioning assuming the 14% hike in wage revision each quarter. A recent statement by SBI's MD Sri Dinesh Khara to mint : This fall in profit was on account of one-offs like increased …

After BoB World Mobile Banking failure, the head of the digital banking of Bank of Baroda has resigned from his post. Mr  Kadgatoor Sheetal Venkatesmurt will handle this charge in addition to her role as head of digital channels and operations.  The r…

A VERY IMPORTANT JUDGMENT OF ALLAHABAD HIGH COURT ON CRIMINAL ACTION INITIATED BY BORROWERS AGAINST BANK OFFICIALS WHO TAKE SARFAESI ACTION FOR RECOVERY OF BANK DUES.                                     The Double Bench of Allahabad High Court on 21/1…

In a recent study published by some media house shown that the Bank Lost Rs 10 Lakh Crore Loans in Last 5 years in Write Off.  According to Reserve Bank of India (RBI) data, public sector banks have recovered Rs 4,80,111 crore, including Rs 1,03,045 c…

RBI says Core activities of a bank should not be outsourced. In order to maintain stability in the banking system, banks’ senior management and board members have to ensure that none of the core banking activities of a bank are outsourced to any third…

Government has appointed  10 New Executive Directors For Public Sector Banks.   The Appointments Committee of the Cabinet (ACC) has approved the appointment of ten Executive Directors in various Public Sector Banks (PSBs).  Lalit Tyagi, Chief General…

The Maharashtra State Bank Employees Federation (MSBEF) has raised their concern against the Banks' Credit Outreach Program or Loan Melas, which is putting the overall pressure on higher NPA due to lack of due diligence process. The Maharashtra St…

CGMs Eligible for EDs in Public Sector Banks  -  List of CGMs  and GMs of various banks who are eligible for appointment of EDs in Public Sector Banks. Eligibility of this list is valid for financial year 2022-23.

No 8th Pay commission For Central Government Employees. Introduction of  Performance-based increment for central government employees?   Government is all set to bring in the performance Based Increment for Central Government Employees as like PLI s…

In a sensational case of Cyber Crime, a Canara Bank Manager at Hubbali has transferred Rs 62 lakhs to Online fraudster on pretext of request through phone & Email. Cyber Crime police has registered a case in this regard where Mr. Shankar Sudhakar …

Public Sector Canara Bank has launched it's new super mobile banking app 'ai1' or All in One  with more than 250 features. The mobile banking app would be a one-stop solution to cater to the banking needs of its customers.  The new mobile…

The amendment in existing labor law and implementation of 12 hours a day work in a week is going to be implemented from 1st July.  The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Indu…

All the banks were opened on Sunday  (May 8)  prior to launch of LIC IPO for giving acceleration  to the sale of the IPO found to be damp squib. In a recent RTI response from the various banks shows the same.  RTI responses show that just a few 1,000 …