BANK WAGE SETTLEMENT -DISCUSSIONS WITH IBA ON 14.11.2017

CIRCULAR TO UNITS 15.11.2017

Dear Comrades,

DISCUSSIONS WITH IBA ON 14.11.2017

One more round of discussions took place between IBA and our Workmen Unions yesterday i.e.14.11.2017 in IBA Office

We pointed out that considerable time has elapsed since commencement of the discussions in May, 2017 on our Charter of Demands, but so far IBA has not come forward with their offer on wage increase and hence demanded that the next meeting of the Full Negotiating Committee should be fixed up at the very earliest for this purpose.

Read More

Dena Bank to offer the cheapest Home Loan among all Public Sector Banks

Dena Bank on Wednesday announced a new offer on a home loan. The new rate has been pegged at 8.25 percent, which is touted as the cheapest one available. This means the state-owned bank becomes the leader in terms of the cheapest loan rate offered by any lender. Previously, the position was held by State Bank of India (SBI). 

SBI earlier in November had announced to give home loans at 8.3 percent. Notably, the offer by Dena Bank is a part of the retail loan carnival that will start from November 16, and end on December 31 of this calendar year.

Read More

Govt may advance planned PSU bank capital infusion of Rs 10,000 crore

The government may infuse an additional Rs 10,000 crore in public sector banks in FY18 itself, thereby advancing its FY19 capital infusion plan, CNBC TV18 reported citing sources.

In addition to direct infusion of capital, the government will also be issuing recapitalisation bonds to PSU banks, the first tranche of which will consist of bonds worth around Rs 70,000 crore.

Read More

SBI reduces employee base by 10,500 from Apr-Sep; 5,000 more to retire by March

Country’s largest bank State Bank ofIndia (SBI) has reduced its total employee strength by 10,584 in the six months period after its merger. This is further expected to go down by 4,876 people by the end of the year closing March 2018, as targeted by the bank.

The staff strength has come down to 2,69,219 staff as on September 2017 compared to 2,79,803 as on March 2017.

Read More

Bank of Baroda(BoB) Recruitment for Specialist Officer Posts 2017

Bank of Baroda offering Great Banking Careers at Bank of Baroda 2018. BoB invites Online applications from Eligible Indian Nationals for the position of Specialist Officers in various Streams. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

Name of the Post	Total Vacancies
Specialist Officers (SO)	427

Read More

Corporation Bank reported net loss in Q2FY18

Public sector bank Corporation Bank today reported standalone net loss at Rs.1,035 crore in Q2FY18, The bank had reported net profit of Rs. 206.28 crore for September quarter last year

Corporation bank reported its quarterly earnings today. The NII for the quarter declined by 1.2% yoy to Rs.1239 crore. This was largely due to 6.6% yoy decline in interest earned.

The asset quality remained poor as GNPA’s increased by 33% yoy to Rs.20684 crore for Q2FY18. The GNPA’s as percentage of total advances rose by 450 bps to 15.28% vs 10.81% in Q2FY17.

Read More