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Showing posts with label .BANK NEWS. Show all posts
Showing posts with label .BANK NEWS. Show all posts

Sunday, 28 February 2016

Vinod Rai becomes first chairman of Banks Board Bureau

NEW DELHI: Former CAG Vinod Rai was on Sunday appointed first chairman of the Banks Board Bureau, which will advise the government on top-level appointments at public sector lenders and ways to address the bad loans problem among other issues.

Wednesday, 30 December 2015

3,40,000 Bank Employees Go on a Strike on January 8

 The five associate banks of the SBI are State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Bikaner and Jaipur.

Friday, 11 December 2015

Wonderful article in Frontline magazine against IDBI privatisation FROM FACE BOOK FW ERI BOItk

The Door to denationalisation.
CP Chandrasekhar, Frontline
The bid to privatise IDBI Bank is the beginning of a larger process of denationalisation of banking in India, which would lead to an exclusionary banking structure incompatible with India's development needs.

Wednesday, 9 December 2015

BANKING NEWS FROM MR NV KRISHNA RAO FW ERI BOI

Minutes of the conciliation proceedings held before the conciliation officer and Dy. Chief Labour Commissioner (Central), Mumbai in the matter of strike notice dated 27th November, 2015 served on IBA by AIBOC on pending issues for strike on 11th December, 2015.

Wednesday, 4 November 2015

SBI challenges JK High Court's order on SARFAESI Act FROM BANKING UPDATES FW ERI BOI




59 mins · 
SBI challenges JK High Court's order on SARFAESI Act.
In a significant development, country’s largest public sector bank- State Bank of India- has filed a Special Leave Petition in the Supreme Court challenging a judgment of the J&K High Court on Sarfaesi Act 2002. The J&K High Court had ruled that the Parliament-enacted Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002 was not applicable to Jammu and Kashmir.

Monday, 26 October 2015

BANK NEWS : BANK OFFICER TO BE LIABLE FOR LOAN FROM BANKING UPDATES FW ERI BOI


Bank officers to be liable for loan information now
Stung by mounting bad loans and growing instances of bogus paperwork, authorities have now made bank officials directly accountable for assessing borrowers' documents as part of a broader move to fortify loan appraisal processes.

Saturday, 24 October 2015

BANK NEWS:Nation-wide bank strike on Dec 2 FROM BANK INFO FW E.R.IYER BOI

Saturday, 6 June 2015

Window Dressing in PS Banks and Its Culprits


Will Modi Government  Be Successful in Reining This Malpractice?

 by rajesh goyal   [reproduced from;  http://www.allbankingsolutions.com/]

Click here to read

Monday, 1 June 2015

BANK NEWS

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

​1.6.'15​
Friends,

​​
Our petition in Gujarat High Court for pension option to resignees​

Please see the attached (i) our circular letterCLICK HERE and 
(ii) copy of letter received from the High CourtCLICK HERE.


Yours sincerely,
B.G.Raithatha,
                                  General Secretary                                   

Thursday, 28 May 2015

BANK NEWS-Memorandum to Chairman, IBA

UNION BANK RETIRED EMPLOYEES' ASSOCIATION

Friends,

Circular issued by AIBRF after handing over Memorandum to Chairman, IBA

ATTECHED-CLICK HERE

Yours sincerely,
B.G.Raithatha,
General Secretary

Tuesday, 26 May 2015

10th Bipartite Settlement -Latest News on 10th Bipartite Settlement - 25-May -IBA & AIBEA

REPEAT UPLOAD FOR BANK EMPLOYEES BOTH CLERICAL & SUBORDINATE STAFF
10th Bipartite Settlement – One more Milestone in the history of AIBEA
In the long 70 years of journey of AIBEA, improving the economic conditions of the bank employees has been a major task. Those were the days when bank employees were treated like virtual slaves with hardly any mentionable service conditions and not to talk of job security, dignity of job, etc. .. Show More

Wednesday, 20 May 2015

.BANK NEWS









Rup Lal Bhardwaj posted in All India Insurance Employees Association (AIIEA)

   
May 19 at 10:15pm

[10:00pm, 5/19/2015] Jagar Nath PNB: S.No Grade and Scale Old Basic Pay New Basic Pay Remarks

JMGS I
1. 14,500 24,100
2. 15,100 25,100
3. 15,700 26,100
4 16,300 27,100
5 16,900 28,100
6 17,500 29,100
7 18,100 30,100
8 18,700 31,100
9 19,400 32,300
10 20,100 33,500
11 20,900 34,700
12 21,700 35,900
13 22,500 37,100
14 23,300 38,300
15 24,100 39,500
16 24,900 40,800
17 25,700 42,100
18 26,500 43,400
19 27,300 44,700
20 28,100 46,000
21 28,900 47,300 With Stagnation Increment - 1
22 29,700 48,500 With Stagnation Increment - 2
23 30,600 50,000 With Stagnation Increment - 3
24 31,500 51,500 With Stagnation Increment - 4
MMGS II
1 19,400 32,300
2 20,100 33,500
3 20,900 34,700
4 21,700 35,900
5 22,500 37,100
6 23,300 38,300
7 24,100 39,500
8 24,900 40,800
9 25,700 42,100
10 26,500 43,400
11 27,300 44,700
12 28,100 46,000
13 28,900 47,300 Sliding
14 29,700 48,500 Sliding
15 30,600 50,000 Sliding
16 31,500 51,500 Sliding
17 32,400 53,000 With Stagnation Increment - 1
18 33,300 54,500 With Stagnation Increment - 2
19 34,200 56,000 With Stagnation Increment - 3
MMGS III
1 25,700 42,100
2 26,500 43,400
3 27,300 44,700
4 28,100 46,000
5 28,900 47,300
6 29,700 48,500
7 30,600 50,000
8 31,500 51,500
9 32,400 53,000 With Stagnation Increment - 1
10 33,300 54,500 With Stagnation Increment - 2
11 34,200 56,000 With Stagnation Increment - 3
12 35,100 57,500 With Stagnation Increment - 4
SMGS IV
1 30,600 50,000
2 31,500 51,500
3 32,400 53,000
4 33,300 54,500
5 34,200 56,800
6 35,200 58,100
36,200 59,400
SMGS V
1 36,200 59,400
2 37,200 61,100
3 38,200 62,800
4 39,300 64,600
5 40,400 66,400
TEGS VI
1 42,000 69,700
2 43,200 71,700
3 44,400 73,700
4 45,600 75,700
5 46,800 77,700
TEGS VII
1 46,800 77,700
2 48,100 79,900
3 49,400 82,100
4 50,700 84,300
5 52,000 86,500

Tenth Bipartite Update

As per negotiations, likely starting salary of an officer under new salary posted in a rural branch

Basic salary - 23700
DA - 33% of this basic. 7821
HRA 8% of thus basic. 1896
Grade pay 7% of this basic + DA 2207
Total - 35624

→ Starting salary of an officer under new salary posted in Delhi
Basic salary - 23700
DA - 33% of this basic - 7821
HRA - 2370
Grade pay - 2207
CCA - 900
Total - 36998
Plus 250 per month increase in medical aid for scale one

→ Starting salary of an officer under present salary in rural area
Basic - 14500
DA -110% of basic - 15950
HRA - 942
Total - 31392

→ Overall for officers

BP 23700 to 86460
HRA 8 pc 9 pc and 10 pc
CCA 4pc max 900
3 pc max 650
Grade pay with DA
Up to scale 3 7pc of basic plus DA
Scale 4 and 5 11pc
Scale 6 and 7 12pc
DA 33 pc
Medical aid 8300 and 10200
AGI will start from 1000
PQP 670 and 1680

Stagnation for scale 3 increased from 4 to 5

Its a broad line prepared by UFBU.

For award staff, its not disclosed yet.

Hopefully, bipartite will be signed as per time stated in MoU that is 23rd May
[10:07pm, 5/19/2015] Jagar Nath PNB: Here is the gist of the Understanding arrived btwn IBA&UFBU for ur information pls.
Distribution Chart finalised - Scales of Pay -
Sub staff - 9560 to 18545
Clerical - 11765 to 31540 (20 Stages) :
8 Stag. inc. - Clerical - 5 once in 3 yrs and 3 once in 2 yrs - 8th stag. Inc. w.e.f.1.5.2015 ::
DA - 0.10% per slab ::
HRA - 10%, 9% and 7.50% (Only 3 areas) ::
Transport - upto stage-15 - 425 stage 16 & above - 470 :: Medical - 2200 ::
Spl Allowance @ 7.75% of Basic with DA thereon - Settlement may be signed on 25th. -
BK Sharma GS NOBW HP Mandi.