Code of Ethics Manual
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…
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Unethical Behavior: Causes and Remedies
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…
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Revision of RBI guidelines on Concurrent Audit System
Reserve Bank of India (RBI) on Thursday (19.09.2019) revised the guidelines on concurrent audit system on the basis of the certain recommendations made by the expert committee headed by Y.H. Malegam. As per the new norms, the appointment of concurrent auditors will be appointed for a period of not more than three years instead of…
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Medical insurance premium payable by Retired bank officers/employees for the period 01.11.2019 to 31.10.2020
The public sector bank, Punjab and Sind Bank, issued a circular (dated18.09.2019) informing retired officers and employees of the bank about expiry date of IBA group medical insurance policy for retirees and their spouse which is on 31.10.2019. PSB furnished the particulars of the premium payable for renewal insurance policies for the period 01.11.2019 to…
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Details of wage revision discussion held on 17-09-2019 between IBA and UFBU
We reproduce here the full text of Bipartite Talks held on 17.09.2019 between IBA and UFBU. The IBA team was led by Shri Rajkiran G. (MD & CEO, Union Bank of India), Chairman of the Negotiating Committee. From UFBU representatives of four Officers and five employees organisations were present. Discussion and decision taken are as…
Banks’ exposures to a single NBFC under Large Exposure Framework (revised)
RBI with Circular dated September 12, 2019 notified that a bank’s exposure limit to a single NBFC (excluding gold loan companies) raised to 20% of Tier-I capital of the bank. The communication said that this is a step towards harmonisation of the counterparty exposure limit to single NBFC with that of the general limit. It…
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