Bank staff to take out morcha to Parliament on 15th Sept., meet PM

Thousands of bank employees and officers are expected to participate in the Morcha to Parliament on Friday, said C.H. Venkatachalam, General Secretary, All-India Bank Employees’ Association.
“We propose to meet the Prime Minister and submit a memorandum to him on these issues,” Vekatachalam said. “Our demand is save banks, save economy, save nation, and save people.”
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News about Gratuity for Bankers

Press Information Bureau 
Government of India
Cabinet
12-September-2017 16:53 IST

Cabinet approves introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament.
The Amendment will increase the maximum limit of gratuity of employees, in the private sector and in Public Sector Undertakings/ Autonomous Organizations under Government who are not covered under CCS (Pension) Rules, at par with Central Government employees.
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IBPS PO 2017: 11 Out Of 20 Banks Not Recruiting This Year

IBPS has notified 3562 vacant PO posts in 9 banks: Allahabad Bank, Andhra bank, Bank of India, Bank of Maharashtra, Canara Bank, Central bank of India, Corporation Bank, UCO Bank and Union Bank of India.

Online registration for IBPS PO 2017 has begun, the last date for which is 5 September 2017. A total of 3562 vacancies have been notified by IBPS in 20 participating banks. However vacancies are not available in all banks. Out of the total number of vacancies available for recruitment, maximum are in Canara Bank (1350) followed by Andhra Bank (625) and UCO Bank (530). Corporation Bank has no vacancies reserved for OBC category. Candidates should note this is based on the information provided by IBPS, changes if any, can be checked at the official website ibps.in.
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IBPS CWE Clerks VII Notification 2017 out


Institute of Banking Personnel Selection (IBPS) has published the notification of IBPS Clerks VII for the vacancies 2018-19. The online Application is starting from 12th September 2017 to 3rd October 2017. The Preliminary Online Exam will be held during the month of December 2017. Check below for more details.

Name of Examination: CWE Clerks VII

Education Qualification: A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.   
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Banker’s job become competitive and crucial in coming years

A job in an Indian public-sector bank is a slow and steady affair. Those who want a stable career opt for a job in public-sector bank where one sees none of the challenges, insecurities and big jumps of the private sector. But that is soon going to change. Public-sector bank jobs might become as hectic, performance-linked and even scarce. 
The banking industry, which was among the big job creators along with the information technology industry in the past two decades, is at an inflection point where technology is enhancing efficiency by doing more and at a faster pace than what humans could do. 
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History of Bipartite Settlement implementation

Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA.  11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet the timelines of 11th bipartite settlement date which is 1st  November 2017. After the followup from Government, UFBU has submitted the Charter of Demand for 11th bipartite settlement.


But after that, there is no significant development and there seems no chances of bankers would get their salaries increased on time.


If you look into past trend, it clearly shows that salary revision of bank employees in India are always delayed and salary revision never happen on schedule time. We have complied the data about how much the previous bank wage revisions were delayed. Keeping in mind the past trend, you can guess the actual 11th bipartite settlement date.

During the 10th Bipartite Settlement, there were 20 rounds of negotiations with IBA before final settlement. For next wage revision (11th bipartite settlement), which is due on 01.11.2012, negotiations are yet to start, if it follows the past trend, you can understand, what time it is going to take and when it is going to be implemented

What are your expectations? Give your views in commend box below.


        Due DateActual Date Delay
1st Bipartite settlement1.01.196619.10.19669 months
2nd Bipartite settlement1.01.197012.10.19709 months
3rd Bipartite settlement1.09.19781.08.197911 months
4th Bipartite settlement1.09.198217.09.198424 months
5th Bipartite settlement1.07.198710.04.198921 months
6th Bipartite settlement1.11.199214.02.199528 months
7th Bipartite settlement1.11.199727.03.200029 months
8th Bipartite settlement1.11.200202.06.200532 months
9th Bipartite settlement1.11.200727.04.201030 months
10th Bipartite settlement1.11.201225.05.201530 months
11th Bipartite settlement1.11.2017Pending
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Demonetisation data released by the RBI


  • Rs 16,000 crore was not deposited back to the banks in the Demonetisation,2016.
    the Reserve Bank of India (RBI) today said out of the Rs 15.44 lakh crore of notes taken out of circulation, Rs 15.28 lakh crore was returned to the system by way of deposits by the public.
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Dena Bank, OBC, IOB and Central Bank of India could be the initial targets for Merger

The government’s decision to set up an ‘alternative mechanism’ to fast-track consolidation among public sector banks (PSBs) to create strong lenders will help the PSBs streamline costs and improve governance, but a continuous focus on risk management and capital infusion from the government are crucial for a turnaround, industry experts said.
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  Useful links for Bankers
   * Latest DA Updates
   * How to recover Bad loans/NPA Acs
   * Latest 12th BPS Updates
   * Atal Pension Yojana (APY)
   * Tips while taking charge as Manager
   * Software used by Banks in India
   * Finacle Menus, Shortcuts & Commands
   * Balance Inquiry Number of all Banks
   * PSU & Private Banks Quarterly result
   * Pradhan Mantri Awas Yojana (PMAY)

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