Uniform working hours of banks in 4 states
Working hours of all branches in Karnataka State, Odisha State, Telangana State and Delhi is fixed as 10.00am to 4.00pm from 01.10.2019 as per Department of financial services DFS and SLBC instructions. Private Banks were also requested to formulate their working hours accordingly. The above move is aimed at removing all the discrepancies in the…
Read articleWage revision talks between IBA and UFBU scheduled for 15th October.
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…
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Festival Bonanza for bank staff: Banks to pay one-month advance salary against the payment of arrears
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…
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ETHICS IN BANKS AND FINANCIAL INSTITUTIONS
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…
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What are Cyber Threats of different types?
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…
What is Digital rights management (DRM)?
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,…
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