Employees’ Obligation to Bank and other duty compulsions
[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…
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Bankers wage revision meeting of 29th Aug 2019
Bankers wage revision meeting held on Aug 29, 2019 Outcome: IBA did not agree to its earlier offer on wage revision, but proposed to discuss Performance Linked Pay (PLP) by forming a sub-committee. The UFBU constituents decided to on September 11, 2019 to deliberate on this issue. Source: AIBEA/NCBE/NOBW/BEFI
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Dearness relief for the Bank Pensioners – August 2019 to February 2020
The average index number for April 2019 to June 2019 works out to 7172. Therefore Bank Pensioners would get 70 slabs to increase as dearness relief for the half-year August 2019 – February 2020. The following chart shows the rate of dearness relief applicable to bank pensioners who have retired on various dates. The percentage…
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Dearness allowance chart on bank employees’ special allowance from August 2019 to October 2019
As per the announcement of the Labour Bureau of the Government today (31.07.2019), the average index numbers for April 2019 to June 2019 works out to 7167. It means bank staff will get 36 slabs increase in DA for the ensuing quarter July 2019 to October 2019.The following chart shows the rate of dearness relief…
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Dearness allowance (DA) chart for the sub-staff from August 2019 to October 2019
Banks’ staff will get 36 slabs to increase in dearness allowance (DA) for the ensuing quarter: August 2019 to October 2019. It means revised DA for sub-staff will be at 68.10% for the quarter from August 2019 to October 2019 over the previous quarter. Revised Old increase Stage Basic Spl.All. Total 68.10% 64.50% 3.60%…
Bank Officer’s Dearness Allowance (DA) chart for the quarter of August 2019 to October 2019
On the basis of CPI data announced by the Labour Bureau for the month of April 2019 to June 2019, the confirmed DA for the ensuing quarter August 2019 to October 2019 will be at the rate of 68.10%. It means bank officers will get 36 slabs increase over previous quarter. Stage Basic_pay Spl.Pay…
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