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Banking News dated 29th September 2018

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Banking News: September 29, 2018


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Cross Selling: Insurance & Mutual Fund Text of Joint Note dated September 25, 2018


Cross Selling: Insurance & Mutual Fund
Text of Joint Note dated September 25, 2018

All India Bank Officers’ Confederation (AIBOC)
All India Bank Officers’ Association (AIBOA)
Indian National Bank Officers’ Congress (INBOC)
National Organisation of Bank Officers (NOBO)

We reproduce hereunder the joint note dated 25th September, 2018 submitted by the Four Officers’ organisations to the Secretary, DFS, Govt. of India, on the captioned subject for your information.

Date: 25.09.2018
The Secretary                                                                   
Department of Financial Services
Ministry of Finance, Government of India
New Delhi

Dear Sir,

Public Sector Bank’s Engagement in Cross Selling
of Insurance / Mutual Fund Business

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Banking News dated 27th September 2018

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Banking News: September 27, 2018


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Banks look at voluntary way to get Aadhaar data

Banks look at voluntary way
to get Aadhaar data

The Telegraph
Published on September 27, 2018

Non-mandatory provision may
allow banks to exploit lacuna

Mumbai, September 26: Banks appear to be unfazed by the Supreme Court verdict that bars them from insisting on the submission of the Aadhaar number while opening new accounts. They already seem to have worked out a way to get round the legal roadblock.

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Banking News dated 25th September 2018

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Banking News: September 25, 2018


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Cross-Selling by Banks: Commission on cross-selling of Insurance Business should not be paid to Employees


Cross-Selling by Banks:
Commission on cross-selling of Insurance
Business should not be paid to Employees

Vinson Kurian
The Business Line
Published on September 25, 2018

Thiruvananthapuram, September 24: The Department of Financial Services, Ministry of Finance, has advised the heads of banks that the commission on cross-selling business should be paid to the bank, and not the employees.

Such commission should be treated as an income for the bank, a circular from the Department and addressed to the Chairman, State Bank of India, and MD & CEOs all public sector banks, has said.

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Banking News dated 24th September 2018

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Banking News: September 24, 2018


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Banking reforms: Why BOB, Dena Bank and Vijaya Bank merger will have a little effect


Banking reforms: Why BOB, Dena Bank and
Vijaya Bank merger will have a little effect

Madan Sabnavis
The Financial Express
Published on September 24, 2018

When the policy is to retain the headcount, accommodating
them in a smaller set of branches will not be possible.

The merger of BOB with Vijaya Bank and Dena Bank is quite singular for different reasons. Firstly, for the first time, we will be witnessing a merger of three PSBs (which is different from the one involving SBI and its associates) which can be a precursor to other such moves. Secondly, the three banks involved consist of two strong (one big and one small) and one PCA bank. Thirdly, the motivation for such a move, though ideological in scope, is an attempt to resuscitate a relatively weaker bank with two healthier ones. Fourthly, while two banks criss-cross one another in geographical space, the third becomes strategically significant being based in the south. Fifthly, the merger comes at a time when all PSBs are walking the thin edge negative profits. Thus, this move hints at a modicum of desperation. And, above all, there is no talk of synergies, which is normally the term used when mergers are spoken of.

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All Bipartite Settlements for Banks PDFs from 1st to 10th Downloadable

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All Bipartite Settlements for Banks PDFs from 1st to 10th Downloadable
Dear Friends,

 For your knowledge purpose we are here providing our banks Bipartite Settlments from 1st Bipartite Settlement to Recent 10th Bipartite Settlement. So Please download.

For 1st Bipartite Settlement Click here
For 2nd Bipartite Settlement Click here
For 3rd Bipartite Settlement Click here
For 4th Bipartite Settlement Click here
For 5th Bipartite Settlement Click here
For 6th Bipartite Settlement Click here
For 7th Bipartite Settlement Click here
For 8th Bipartite Settlement Click here
For 9th Bipartite Settlement Click here
For 10th Bipartite Settlement Click here
For 11th Bipartite Settlement Updated Soon
Thank you.....!!!!
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SBI Junior Associate (CS&S) Main Exam Results Declared

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SBI Junior Associate (CS&S) Main Exam Results Declared

Dear Friends,

SBI Junior Associate (CS&S) Main Exam Results Declared
For details click here
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Banking News dated 19th September 2018

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Banking News: September 19, 2018


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Bank Merger Triggers Fear of Job Loss, Many Customers Mull Shifting Accounts


Bank Merger Triggers Fear of Job Loss,
Many Customers Mull Shifting Accounts

Rounak Kumar Gunjan
The News18 Online
Published on September 19, 2018

The Centre’s decision to amalgamate Vijaya Bank, Dena Bank and Bank of Baroda in order to consolidate stressed financial assets has left most, if not all, junior employees of the three banks worried.

Mumbai, September 19: Hours after Finance Minister Arun Jaitley announced the merger of three state-owned banks on Monday, Dena Bank employee Vinay Prakash started receiving phone calls from his juniors. Every query stemmed from an innate fear of job loss.

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21-09-2018 will be Declared as Holiday for AP & Telangana due to Moharram Festival

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Dear Friends, 

Deputy Secretary of State govt sent message To AGM, RBI, HYD to give necessary instructions to banks to declare as Holiday on 21-09-18 for AP & Telangana due to Moharram Festival (as requested from UFBU)

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SBI Hints About Results of "Recruitement of Junior Associate" will be released on 22nd September 2018

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Dear Friends,

 SBI hinted about the results and Final selected candiates results will be on 22-09-2018 and 1st week of December 2018 respectively.
SBI Hints About Results of "Recruitement of Junior Associate as 22nd September 2018"

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AIBOC Condemns the Move to MERGE of VIJAYA BANK, DENA BANK & BANK OF BARODA

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Dear Friends,

 As Governement of India Announces Merger of Bank of Baroda, Dena Bank, Vijaya Bank AIBOC (All India Bank Officers Confederation) Condemns it and released a press note accordingly..

 Please follow below circular for more details......!!!!!!
AIBOC Condemns the Move to MERGE of VIJAYA BANK, DENA BANK & BANK OF BARODA

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Banking News Dated 18th September 20118

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Banking News: September 18, 2018


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Consolidation: Government to merge Dena Bank, Bank of Baroda and Vijaya Bank


Consolidation: Government to merge
Dena Bank, Bank of Baroda and Vijaya Bank

The Financial Express
Published on September 18, 2018


Combined entity to be the country’s third-largest lender,
other two strong enough to absorb Dena’s PCA shock.

New Delhi, September 17: An inter-ministerial panel headed by finance minister Arun Jaitley on Monday asked state-run Bank of Baroda (BoB), Vijaya Bank and Dena Bank to consider amalgamation to create the country’s third-largest lender.

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Next Talks Between Trade Unions & IBA is on 29th September 2018

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Dear Friends,

IBA has announced the next Wage Negotiation Talks Between Trade Unions & IBA will be on 29th September 2018

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Banking News Dated 14th September 2018

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Banking News: September 14, 2018


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GST: TDS/TCS provisions to come into effect from October 1


GST: TDS/TCS provisions to
come into effect from October 1

The Financial Express
Published on September 14, 2018

New Delhi, September 13: The government on Thursday notified the form for audit report and reconciliation statement that needs to be filed annually by taxpayers with a turnover of more than Rs 2 crore.

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Banking News Dated 13th September 2018

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Banking News: September 13, 2018


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What’s at Risk for Insurers, Pension Funds after IL&FS Downgrade to Junk
What’s at Risk for Insurers, Pension
Funds after IL&FS Downgrade to Junk

Sajeet Manghat
The Bloomberg News
Published on September 13, 2018

Investments by SBI Employee Pension Fund and SBI
Employees Provident Fund are over Rs 835.00 Crore

New Delhi, September 12 (Bloomberg): Infrastructure Leasing & Financial Services Ltd.’s downgrade to junk has put Rs 10,000 crore worth of investments by insurers and pension funds at risk.

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Banking News Dated 12th September 2018

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Banking News: September 12, 2018


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Supreme Court halts Insolvency Proceedings against the Corporate Defaulters


Supreme Court halts Insolvency Proceedings
against the Corporate Defaulters

The Financial Express
Published on September 12, 2018

Move may help SBI revive Samadhan scheme for power
assets; others too to explore alternative resolution plans

New Delhi, September 12: The Supreme Court on Tuesday asked the Reserve Bank of India (RBI), banks and others to desist from invoking insolvency proceedings against corporate defaulters as per the banking regulator’s mandate till its orders, a move that would enable scores of stressed units in the power, textiles, sugar and shipping industries to avoid being immediately dragged by their lenders to the insolvency arena and look for alternative ways for resolution.

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