In the 11th BPS dated 11.11.2020 signed by workmen unions and 8th Jt.Notes signed by Officers’ associations on the same day, certain visible improvements brought in the Leave Rules. Please click the below post to know the updated leave rules as per the 11th BPS Improvements in Leave rules of Banks effective from 11.11.2020 Download…
(This post provides updated detail of leave eligibility and also conditions applicable for granting casual leave, special casual leave to bank officers and employees, in terms of 10th Bipartite settlement/Joint note between Indian Banks Association (IBA) and United Forum of Bank Unions (UFBU))
Bank Officers’ fitments/stagnation increments as per 10th BPS/Joint notes The stages of basic pay to officer cadres of banks as per 10th BPS/Joint note is as under. Scale I- 23700-980(7)- 30560 -1145(2) -32850 -1310 (7)- 42020 (Plus stagnation increments as per chart) Scale II-31705- 1145(1)- 32850 -1310(10) -45950 (Plus Stagnation increments as per chart) Scale…
In consultation with Government of India, the Reserve Bank of India liberaised some aspects of ECB policy including policy on Rupee Denominated Bonds (RDB). According to review of the policy, the eligible borrower companies in manufacturing sector can raise Extranal Commercial Borrowings up to USD 50 million or its equivalent with minimum average maturity period…
The department of financial services secretary Rajiv Kumar said government has decided to merge Dena Bank with Vijaya Bank and Bank of Baroda and the boards of three banks have been told to consider the amalgamation. The finance minister Arun Jaitley Talking on bank merger, said boards of Dena Bank, Vijaya Bank and Bank of…
The officers/ employees who have retired from the bank service might be aware that those who had retired after 1.10.2017 are covered under the Bank’s Working Employees’ Policy till 30.09.2018. After that, they are supposed to take up the Bank Retirees’ Policy wherein premium is payable by the retirees. Since the Retirees’ policy commence…
Quote: CIRCULAR No. UFBU/2018/15 Date : 15-09-2018 TO ALL CONSTITUENT UNIONS/MEMBERS Dear Comrades, Discussions with IBA on Medical Insurance Scheme Units are aware that there was a meeting with the IBA on 8-8-2018 on the issue of medical insurance scheme wherein we had submitted various suggestions, particularly with a view to achieve a reduced premium…
Today’s meeting (14.09.2018) on Medical Insurance called by IBA took place with IBA officials along with GM HR of 3 banks. All UFBU representatives were present. IBA officials apprised the discussions they had with banks, Insurance Company, DFS etc vis a vis premium charged by the insurance company and placed certain offers for our consideration…
The Supreme Court on September 11, 2018 (Tuesday) consolidated all cases by members of the Association of Power Producers (APP), Independent Power Producers Association of India (IPPA), Shipowners Association and Textile Associations filed across the country to be heard on November 14, 2018. The Court has meanwhile, asked RBI and parties to maintain status quo…
The notification dated September 6, 2018 of finance ministry, Government of India increased the monetary limit up to Rs.20 lakh for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. It is reported that there are 38,376 cases pending in 39 debt recovery tribunals (DRTs) in the country, as…