NEFTs get faster because banks will process them every 30 minutes now

RBI has reduced the settlement time for clearance of NEFT from 1 hour to 30 minutes Mumbai, April 10: On 6 April, the Reserve Bank of India in its mo…

Banks get time till June 30 to obtain PAN from account holders

New Delhi, April 7 (PTI): The Tax Department has given banks three more months till June 30 to obtain permanent account number (PAN) or Form—60 from …

Mobile Deals

Govt asks public sector banks to finalise next wage revision before 1 November

In a communication to CEOs and MDs of the state-owned banks, the finance ministry advised them to initiate the steps for smooth conclusion of next wa…

Bank Officers’ Unions want pay at par with the Central Government Officers

Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic pay Mumbai, March 21: At a time when the governm…

Wage Revision- Broad Summery of the Charter of Demands by Officers' Unions

Wage Revision- Broad Summery of the Charter of Demands by Officers' Unions details

Arundhati Bhattacharya: Why should there be different set of rules for public sector banks?

Mumbai, March 20:  Arundhati Bhattacharya, chairman, State Bank of India (SBI), will create history on April 1 when all five associate banks will mer…

State Bank of India website goes generic New web address is www.bank.sbi

Chennai, February 20 (IANS): The State Bank of India (SBI) on Monday announced rebranding of its website as bank.sbi. According SBI, the new domain n…

SBI Group finalises plans for voluntary retirement scheme

Mumbai, February 19:  With State Bank of India (SBI) in the last lap of merging five associate banks with itself, SBI Group has finalised plans to la…

In this time of need, SBI is your friend, indeed

Bank unions call for strike on February 28

‘Banks incurred huge costs incurred on demonetisation, Jan Dhan & Aadhaar’ Coimbatore, February 7:  The United Forum of Bank Unions (UFBU) has gi…

11th bipartite settlement – Charter of Demand for wage revision 2017 : unofficial

Although there is no formal news about the initiation of negotiations for next wage revision,  the following charter of demand for 11th bipartite set…

Bank Staffs Salary reduced by decrease of DA @ 0.90% from February 2017

Dearness Allowance now reduced by 0.90% (Decrease of 9 slabs) from February 2017 Revised DA rate is @ 46.90%, from Feb-17 to April-17 The DA for Nove…

WEF Report: Employers in India likely to trim head count by 25% on automation

Davos, January 16: More than a quarter of employers in India are expected to reduce their headcount on account of automation, which is expected to im…

Shut down SBI branches till the supply of cash gets normalised: Union

Chennai, January 14 (IANS): State Bank of India (SBI) can shut down its branches till the supply of cash gets normalised and staff are not put to ris…

Airtel Payments Bank goes live in 29 States

New Delhi, January 12: Promoters of Airtel Payments Bank, which has gone national today, have committed themselves to an initial investment of Rs. 3,…

Coming soon: Far more attractive compensation package for public sector bank employees

Attractive pay packages: PSU bank Employees to get higher bonus, ESOPs, says Bank Board Bureau Chief New Delhi, January 5 (IANS): Public sector banks…