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Daily Archives: November 8, 2019

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Next round of bipartite talks with IBA on 15th Nov 2019

Bank StaffBy Surendra NaikNovember 8, 2019

In a letter dated November 8, 2019, addressed to Shri. Sanjeev K Bandish convenor UFBU, S.K. Kakkar, Senior advisor of IBA invited the General Secretaries of constituents workmen Unions/Officers’ Associations for wage revision talks on Tuesday 15th November 2019 at 11.00 am in the committee room of IBA, World Trade Centre, Cuffe Parade, Mumbai-400 005.

RBI mandates banks not to charge for NEFT transactions from January 2020

Reserve Bank Functions and newsBy Surendra NaikNovember 8, 2019

In order to further Digital Payments in the country, RBI announced today (Nov 08, 2019) that it has mandated the Banks not to charge for NEFT online transactions of SB customers. The new rule is effective from 1st January 2020. The Central Bank statement said that the new order is to “empower every citizen with…

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