Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission The Reserve Bank of India issues a revised Master Circular on the conduct of government business by agency banks regarding the payment of agency … [Read more...] about Govt Business by Agency Banks: Agency Commission Payment
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Agency Banks Directive: Open on March 31, 2024
All Agency Banks to remain open for Public on March 31, 2024 (Sunday) The Ministry of Finance, Department of Expenditure, Controller General of Accounts, has issued an office memorandum directing all Agency Banks to remain open for public … [Read more...] about Agency Banks Directive: Open on March 31, 2024
RBI Increases Fixed Remuneration Ceiling for Non-Executive Directors
Review of Fixed Remuneration granted to Non-Executive Directors (NEDs) The Reserve Bank of India (RBI) has announced a revision in the fixed remuneration ceiling for Non-Executive Directors (NEDs) in the banking sector. Previously set at 20 lakh … [Read more...] about RBI Increases Fixed Remuneration Ceiling for Non-Executive Directors
Minister Addresses Clerical Staff Vacancy Concerns in Public Sector Banks
Non-filling up of clerical staff vacancies in Public Sector Banks In response to Unstarred Question No. 1025 in the Rajya Sabha, Shri Sandosh Kumar P inquired about the non-filling of clerical staff vacancies in Public Sector Banks. The Minister … [Read more...] about Minister Addresses Clerical Staff Vacancy Concerns in Public Sector Banks
Revised Master Circular on Disbursement of Government Pension by Agency Banks Issued by RBI
Master Circular – Disbursement of Government Pension by Agency Banks The Reserve Bank of India has released a revised and updated Master Circular on the Disbursement of Government Pension by Agency Banks. The circular consolidates important … [Read more...] about Revised Master Circular on Disbursement of Government Pension by Agency Banks Issued by RBI
Bank Strikes called for two days on 30th and 31st of January – 2023
Bank Strikes The Indian Ministry of Finance has provided a response to an unstarred question in the Lok Sabha about recent bank strikes. The United Forum of Bank Unions called for a two-day nationwide bank strike in January 2023, with demands … [Read more...] about Bank Strikes called for two days on 30th and 31st of January – 2023
Bank Holidays in 2023 on the Second and Fourth Saturdays.
Banks to be Closed on Second and Fourth Saturdays of the Month in 2023 In 2023, bank holidays will be observed on the second and fourth Saturdays of the month. This means that banks will be closed on the following dates: Also Check:- Bank … [Read more...] about Bank Holidays in 2023 on the Second and Fourth Saturdays.
DA for Workmen and Officer Employees in Banks for the Months of May, June and July 2022
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2022 under XI BPS/ Joint Note dated 11.11.2020 Indian Banks’ Association HR & Industrial Relations HR&IR/MBR/76/D/2022-23/11183April 30, … [Read more...] about DA for Workmen and Officer Employees in Banks for the Months of May, June and July 2022
Public Sector Bank unions went on strike to protest against Privatisation of Banks
Rajya Sabha: Strike by Bank Employees GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF FINANCIAL SERVICES RAJYA SABHA UNSTARRED QUESTION No. 2145TO BE ANSWERED ON 22nd MARCH, 2022(TUESDAY)/ CHAITRA 1, 1944 (SAKA) Strike by bank employees 2145. … [Read more...] about Public Sector Bank unions went on strike to protest against Privatisation of Banks
Explanation on Dismissal of Employees of Regional Rural Banks
Clarification in the matter of Exclusion of employees of Regional Rural Banks from the purview of EPF & MP Act, 1952 EMPLOYEES’ PROVIDENT FUND ORGANISATIONMINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIABhavishya Nidhi Bhawan, 14, … [Read more...] about Explanation on Dismissal of Employees of Regional Rural Banks