In a letter dated October 1, 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 October 2019 at 11.00 am in the committee room of IBA, World Trade Centre, Cuffe Parade, Mumbai-400 005. In…
Banks to pay one-month advance salary to employees and officers this month The IBA letter dated October 1, addressed to member banks of IBA including the private sector, public sector, and foreign banks asked them to pay one month’s salary as advance ahead of Deepavali. As regards to employees who have joined the services of…
Principles of Trust: The Principles of trust are Integrity, security, availability, confidentiality, and privacy. It inspires customers, investors, regulators, and lenders to feel confident about bankers, banking products, and banking organisations. Principle of neutrality: Not to differentiate between employees (internal customers) and customers. No bias in behaviour. Principles of reliability: The reliability principle in banking…
A cyber threat or cyber-security threat is a malicious act that generally hunts for damaging data, steals data or disrupts digital life. The perpetrators of these attacks are organized crime groups, terrorists, industrial spies, unhappy insiders, business competitors, hackers, and Nation-states* (*where a Government trying to learn other countries’ national secrets and critical infrastructure like…
Digital rights management also known as information rights management, or enterprise rights management is a measure to prevent unauthorized operators from using proprietary hardware and copyrighted works. The main purpose of DRM technologies is not to catch those who engage in piracy but simply a curb them from accessing or using specific copyrighted content. Generally,…
An Intellectual property right is the right of a person or company to use their inventions, or ideas through patents, copyrights, trademarks, and trade secrets without the worry of competition at least for a specified period. The invention may be the inventor’s creativity, concepts, architectural designs, industrial models, songs, literature, symbols, names, brands, etc. The…
Microfinance means giving small loans to individuals or small businesses to meet their business requirement. The beneficiaries of Microfinance programmes are the persons who may be outside the formal banking channel. The microcredit programmes are run primarily by SIDBI in the field of Industry and Service, NABARD in the field of agriculture. The scheme of…
Data security refers to securing the data of a company by using multiple technologies and techniques. Companies need to have data security to prevent unauthorized access, intentional loss of sensitive data, and accidental loss or corruption of sensitive data. The techniques used in data security include multi-factor authentication, multiple layers of access control at the…
A code of ethics is a set of principles guiding members of an organization and other interested persons in making ethical choices in the conduct of their work. The Code of Ethics manual contains approved provisions relating to the enforcement of the Code of Ethics. The essential purpose of a code of ethics is to…
Unethical behaviour is an act that falls contrary to what is considered morally right for a person, a business a profession, or in politics. It can also be behaviour of a person that falls outside the principles admired in the community where he lives. Unethical behavior of a person: Lying to family members, friends, colleagues…
