Ex-SBI Chief Pratip Chaudhuri Arrested in Loan Fraud Case

What could be worse than this for a Public Sector Banker ? After 5 years of retirement an Ex MD of SBI was arrested for an old loan fraud case.  The case is related to properties owned by Godawan Group which took a Rs 24-crore loan from SBI in 2008 to…

Public Sector Bank Employees DA for Nov 2021 - Jan 2022

DA for Nov 2021 - Jan 2022 for the public sector bank employees have been hiked by 37 slabs or 2.59% on basic pay. The effective dearness allowance for November 2021 to Jan 2022 will be 30.38% of the Basic Pay. The total increase in the salary will be…

What is 'Bad Bank', Details & Features of NARCL

BAD BANK or National Asset Reconstruction Company Ltd (NARCL) is the future entity which will eventually take over most legacy non-performing assets (NPAs) worth over Rs 2 lakh crore from the various Public Sector Banks. NARCL, owned by state-owned …

Focus on Big NPAs & Not on Small Loanees, Supreme Court to PSBs

Bank should focus on Big ticket NPAs and not on small loans. If you are really concerned about rising NPAs (non-performing assets) of the public sector banks , concentrate on big corporate debtors not on such small loanees, a supreme court bench, head…

11% Hike in DA of Central Government Employees

After  a long wait, the Dearness Allowance of Central Government employees are hiked to 28% with increase of 11% over the  existing rate of 17 percent of the basic pay/pension . The hike is approved by Union Cabinet on July 14 in Dearness Allowance (D…

Hunt for Staff in Bank Fraud Case of Rs 8 Crore

Hunt for Bank Staff in Bank Fraud Case of Rs 8 Crore   - Staff of Canara bank in Pathanamthitta, Kottayam, who is allegedly involved in a Rs 8.13 crore fraud is absconding since the Canara Bank authorities found out irregularities in the funds. Th…

How to Buy Oxygen Concentrator Under Festival Advance ?

The Demand of Oxygen Concentrators has suddenly spike up due to second wave of COVID. This is now a must have utility for each household as per the current situation. There is a huge gap in demand and supply of Oxygen in the hospitals and due to this …

Finally Finance Minister Requests for Vaccinations of Bankers

Finally the Finance Minister got time to look after the pain of the bank employees in this COVID pandemic. They have forwarded a request to ministry of home affairs and the health ministry to consider issuing guidelines for priority vaccinations of ba…

RBI to Conduct Customer Satisfaction Survey on Bank Mergers

After a lot of customer complaints about merger of the public sector banks in India, the Reserve Bank of India (RBI) has decided to conduct a customer satisfaction survey to find out the impact of the recent mergers of state-owned banks on banking ser…

Gazette Notification 2021- LIC Development Officers Wage Revision

LIC Development Officers Wage Revision Gazette Notification 2021  – G.S.R. 269(E) – Dated 15.04.2021 NOTIFICATION New Delhi, the 15th April, 2021 G.S.R. 269(E). —In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, …

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