12th Bipartite Settlement News

Lot of discussion is going on about Government stake sale in Public Sector Banks in India. It is almost certain that government is going to privatize few banks and reducing its stake to 51% in few of largest banks in India.  Announcement may be made i…

This could happen only in India, a Chairman of Private bank is advising the Finance Minister to incorporate the stake sell in Public Sector bank by 50%. Private sector Kotak Mahindra Bank's chairman Uday Kotak has advised on behalf of Industry bo…

FM Nirmala Sitharaman lauded the Reserve Bank of India’s efforts in steering the bailout of Lakshmi Vilas Bank Ltd . by allowing a local unit of Singapore’s DBS Group Holdings Ltd. to buy the failed lender.  “That only sends the right message that Ind…

All India Bankers Officers Association (AIBOC) has released the press note in support of the agitating farmers of Punjab & Haryana. The Bankers Association has supported the agitation against the Farmers Bill and its implementation. AIBOC has dema…

BJP leader and top politician, Sri Subramanian Swamy blames RBI Governor Shakti Kanta Das for the shoddy deal of Lakshmi Vilas Bank – DBS Merger. Swamy writes to the PM, requests a CBI probe on the actions of RBI officials and Governor in this LVB-DBS…

All India Bank Employees Association (AIBEA) has sent a letter to IBA for correcting the Dearness Allowance paid to bankers for the month of November from 81.8% to 81.9%. They have argued that the CPI index at the start of the month was 118 but offici…