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…
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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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Banks wage revision talk between IBA and UFBU
Today (Tuesday September 17, 2019) the representatives IBA had wage negotiation talks with constituents of United Form of Bank Unions (UFBU). IBA improved its earlier offer to 12 percent. However, Unions did not agree for the same. There werealso discussions on mandate PLI, retirees issue etc. The convenor of UFBU Mr.S.K.Bandish said that detailed UFBU…
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Benefits of ethical behaviour: Overview
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…
Why bank officers are going on indefinite strike?
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…
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