11th BPS Updates - A 15% wage hike for public sector bank employees will only result in a ₹1,100 increase in actual salary. This is also to remember that the most of the increase in basic pay is what employees’ are already receiving as a part …
All India Bank Employees' Association (AIBEA) on Saturday said the Reserve Bank must be held accountable and the government should start taking all the private sector banks under its fold. "At the same time, in order to protect the int…
It seems government banks are going to face some toughest challenge in coming days especially in case of loans and lending. The Finance Minister has advised bank not to follow the rating agencies score i.e. CIBIL etc while taking the credit dec…
The mergers of the Publi Secotor Bank appears to be challengins from April 1st as there seems to be more odd in the way of meeting the target date as a series of regulatory approvals and clearances are still pending. It is believed that the Pri…
It is reported by Financial Express that the Prime Minister’s Office (PMO) has held a meeting on Wednesday on the proposed amalgamation of 10 public sector banks (PSBs) to create four larger lenders. It is believed that the scheme to implement am…
Canara Bank & Syndicate Bank proposed merger - In view of the proposed amalgamation of Syndicate Bank and Canara Bank, the MD & CEO of the bank has announced in a meeting that there would be minimum transfer up to scale IV or Chief Manager…
Livemint reported that t he Government of India Centre has warned its employees of "consequences" if they go on strike or Bharat Bandh called on 8 January by one of their associations to protest against Union government's policies incl…
Though the 11th Bipartite Wage revision of the Public Sector Banks are still pending for more than two years with the reason of higher Non performing assets (NPA), the employees union of the Public Sector Bank, All India Employees Association (AIBE…
Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks : Indian Bank to be merged with Allahabad Bank; PNB, OBC and United Bank to be merged (PNB will be the anchor bank); Union Bank of India, A…
Department of Financial Services (DFS), Government of India has notified the amendment in the contribution of 14% in existing NPS. Notification Letter : Read - 13 Months Salary May be Given to the Employees of These Public Sector Banks
AIBEA Letter to The Governor, Reserve Bank Of India on Proposal of Merger Of Lakshmi Vilas Bank with Indiabulls housing Finance ltd. Read - Logic Explains - IBA's Performance Based Salary for Bank Employees
The Banks Board Bureau (BBB) has reiterated some of the pending demands related to governance in public sector banks (PSBs) to the central government, including complete autonomy to their boards to decide on organisational structure. Read - Logic…
The Madras High Court has suggested to the law commission and ministry of labour and welfare to amend the Trade Union Act to stop outsiders, including former employees, from being members or office bearers of employees’ trade unions. Currently…
AIBEA demanded revert to categorizing IDBI as 'other public sector bank'. The All India Bank Employees Association (AIBEA) has requeste the Reserve Bank of India (RBI) to reconsider its decision to categorize IDBI Bank as a private sector…
What would be the impact of proposed merger deal of BOB, Vijaya & Dena Bank ? - A Question in the mind of each of the employee of Dena & Vijaya bank ! Although Union finance minister Arun Jaitley promised that employees of these banks w…
No Old Pension only NPS - All hopes shattered for bankers as a group of bank unions were raising demand to replace the existing NPS with old Pension Scheme. Finance Minister Arun Jaitely said in the parliament that The government has no prop…
Finance Minister Arun Jaitley on Friday confirms in Lok Sabha that there would be no loss of jobs due to merger of Vijaya Bank & Dena Bank with Bank of Baroda. The Cabinet has approved merger of Vijaya Bank and Dena Bank with Bank of Baroda…
In order to provide all day banking facilities and differentiate the services from peer banks, Public Sector Syndicate Bank pitches for Holiday or Sunday Banking . Interestingly, in 11th Bipartite Wage Settlement, Bankers Union is demanding 5 day…
Request Forwarded by Bankers' Union Against Calling Officers on Holidays It is brought to our notice that some of the Zonal Managers and Regional Managers have instructed the Branch Heads to call all officers for recovery work on 27th &…
