DFS Ask Banks to reduce the staff expenses including any further hike on establishments - the Department of Financial Services (DFS) has asked banks to follow “economy measures” in their spends depend on the core business activities. Public Sector …
Public Sector Banks are on the verge of Privatization under Atmanirbhar Bharat strategic and non-strategic economic package - Chief Economic Adviser Krishnamurthy Subramanian has indicated that few of the Public Sector Banks may be privatized in comin…
It is reported by a leading newspaper that Government is seriously discussing on the privatization of the listed Public Sector Banks. The list of Public Sector Banks includes Punjab & Sind Bank, Bank of Maharashtra and Indian Overseas Bank, which…
Sates Government of Goa, Odisha, Maharashtra had approved 12-hours daily work shifts after relaxing the labour laws under the Factories Act of 1948. With the amendment in the law, workers has to work extra four hours more than the current 8 hours — fo…
SBI, the country’s largest bank, has started the process of identifying functions and roles which can operate from home without affecting productivity, ET reported. A big change is underway for public sector Banks (PSBs), where compulsory physical pr…
Indian Government has decided not to give any hike in DA for 12 Months - Centre and State governments expect to save ₹ 1.20 lakh crore With requirement for resources to fight the COVID-19 pandemic increasing every day, the government on Thursday deci…
The Central Government has put on hold the proposed increase in dearness allowance (DA) for its employees due to strain on its finances under COVID-19. Further, the union cabinet will take up a proposal to put a hold on any further increase for the cu…
Beware Now, your post on Facebook or Whatsapp or other social media platforms against your employers may put you in trouble - State Bank of India, the country's largest Public Sector Bank, said in a notice sent to its employees that disciplinary …
Revised Guidelines to banks for lockdown extension - Bank branches would be allowed to operate, as per normal working hours till the process of disbursing direct benefit cash transfers is complete, the Ministry of Home Affairs said in its fresh guide…
COVID - 19 effects and government announcement of DBT - The bank employees association AIBEA, has sought necessary transportation of its staff to bank branches after government announced various relief measures for citizens affected by the coro…
In state of Bihar, the bank branches will provide services to customers in lockdown as before i.e. 10 - 4 PM : Sushil Modi, Deputy Chief Minister Sushil Kumar Modi said that all the branches of the bank functioning in the state will serve the cu…
RBI's clarification on deferring the EMI payments by 3 months : - What kind of lenders can issue the moratorium? All lending institutions like Public Sector Banks, Private banks, Regional rural bank, Small finance bank and Local area …
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…
