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…
The Central Board of Direct Taxes (CBDT) has notified on September 12, 2019, the ambitious E-assessment Scheme, 2019. The scheme is also called faceless or nameless assessment, for income-tax payers. With the launching of the scheme all your income tax returns (ITR) would be assessed and scrutinised in complete electronic mode without any human interface.…
The employees who assist senior management in promoting ethical policies, code of conduct, and related policies within the organization are referred to as ‘Ethics Ambassadors’. These ambassadors are appointed full-time or may be taken on in addition to an employee’s day-to-day job. The ethics ambassadors have an important role to play in nurturing awareness and…
Updated on November 17, 2023 RBI increases risk weights on consumer credit exposure of banks, and NBFCs to 125% from 100%. Measures announced to contain the risk emanating from a sharp rise in unsecured loans – mostly personal loans and credit cards. It has been also decided to increase the risk weights on Credit Card…
Work ethic is a set of values an employee uses in his/her job based on the ideals of discipline and hard work. Work ethic encompasses moral principles like integrity, a sense of responsibility, inherent ability, teamwork, and cooperation. This involves a person’s attitude, behavior, respect, communication, and interaction and how he/she gets along with others.…
A conflict of interest arises when a person chooses personal gain over his duties to the employer or exploits his position for personal gain in some way. In banks, as a general rule, people of top management or Managers or employees should avoid conducting bank’s business with a relative or any other person or any…
[This post elucidates about Employees’ Obligation to Bank/ Third Parties, Abuse of Official Position, and Sexual Harassment], Banking ethics is a committed set of ethical standards and rules that should be followed in the activities of financial institutions and employees of the banking sector. Every employee of the Bank shall conform to and abide by…