Reserve Bank of India (RBI) on Thursday (19.09.2019) revised the guidelines on concurrent audit system on the basis of the certain recommendations made by the expert committee headed by Y.H. Malegam. As per the new norms, the appointment of concurrent auditors will be appointed for a period of not more than three years instead of…
The public sector bank, Punjab and Sind Bank, issued a circular (dated18.09.2019) informing retired officers and employees of the bank about expiry date of IBA group medical insurance policy for retirees and their spouse which is on 31.10.2019. PSB furnished the particulars of the premium payable for renewal insurance policies for the period 01.11.2019 to…
We reproduce here the full text of Bipartite Talks held on 17.09.2019 between IBA and UFBU. The IBA team was led by Shri Rajkiran G. (MD & CEO, Union Bank of India), Chairman of the Negotiating Committee. From UFBU representatives of four Officers and five employees organisations were present. Discussion and decision taken are as…
RBI with Circular dated September 12, 2019 notified that a bank’s exposure limit to a single NBFC (excluding gold loan companies) raised to 20% of Tier-I capital of the bank. The communication said that this is a step towards harmonisation of the counterparty exposure limit to single NBFC with that of the general limit. It…
Today (Tuesday September 17, 2019) the representatives IBA had wage negotiation talks with constituents of United Form of Bank Unions (UFBU). IBA improved its earlier offer to 12 percent. However, Unions did not agree for the same. There werealso discussions on mandate PLI, retirees issue etc. The convenor of UFBU Mr.S.K.Bandish said that detailed UFBU…
Ethics is a set of moral principles which recognizes the difference between right and wrong and consistently strive to set an example of good conduct. Ethical behaviour of a business is shaped by the internal culture of an organization is recognized by the customers, competitors, government, regulators, and all the stakeholders. Organizations behaving ethically also…
All India Bank Officers’ Confederation (AIBOC), All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC), National Organisation of Bank Officers (NOBO) has jointly served the strike notice to IBA on September 12, 2019. The strike notice covers the following; The two days strike on 26th September and 27 September is to protest…
A Manager as an ethical leader requires demonstrating character, morals, and virtue in his work, focusing on the needs and rights of employees working under him. The basic responsibility and obligation of a manager is treating everyone to the same standard and make them understand what the management expects from them. As an ethical leader,…
UFBU constituents workmen Unions/Officers’ Associationsise invited by IBA for the next bipartite negotiating committee meeting on Tuesday 17th September 2019 at 10.30 am. In a letter dated 13.09.2019 addressed to Shri.Sanjeev K Bandish convenor UFBU, S.K. Kakkar, Senior advisor of IBA invited the representatives of constituents workmen Unions/Officers’ Associations on Tuesday 17th September 2019 at…