Daily Archives: December 5, 2019

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Details of Wage Revision talks between UFBU and IBA (held on 5-12-2019)

Bank StaffBy Surendra Naik December 5, 2019

In today’s negotiation (5-12-2019) between UFBU and IBA, the following issues were discussed: Wage Revision UFBU: Unions demanded that the earlier offer of a 12% hike from IBA is not at all adequate and IBA should improve their offer. IBA: Looking at the various constraints of the bank’s profitability, it would be difficult to improve.…

RBI keeps the policy repo rate unchanged in fifth Bi-monthly Monetary Policy Statement

Reserve Bank Functions and newsBy Surendra Naik December 5, 2019

In the fifth bi-monthly monetary policy statement announced on Thursday (dated 05.12.2019), MPC decided to keep policy REPO rate under the liquidity adjustment facility (LAF) unchanged at 5.15 per cent. The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within…