Banking and Business Updates

Odisha Government Delists HDFC, ICICI, and Axis Bank from Official Partner Banks Due to Poor Implementation of Flagship Schemes."
The state has taken this step citing these private banks’ underperformance in executing key government initiatives.

Watch Full Video: https://youtu.be/dCEr7Lra-fI?si=pEmFd...

Do you think this was the right move by the government?

6 months ago | [YT] | 1

Banking and Business Updates

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6 months ago | [YT] | 1

Banking and Business Updates

Strike deffered. agreed for 5 day banking...will be finalise in next meeting held on 3 april 2025.
As per sources

9 months ago | [YT] | 0

Banking and Business Updates

The United Forum of Bank Unions (UFBU) has issued a strike notice for a 48-hour nationwide bank strike from midnight of March 23rd to March 25th, 2025. In response, the Chief Labour Commissioner (CLC) has called for a conciliation meeting on March 18, 2025, with IBA, DFS, and major bank representatives.

The big question now is – Will this meeting lead to a breakthrough, or is it just another delay tactic? Will 5-day banking and pension upgradation finally become a reality, or will nothing change?

Watch : https://www.youtube.com/watch?v=LqQkF...

Share your opinion on what you think will happen:

10 months ago | [YT] | 6

Banking and Business Updates

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10 months ago | [YT] | 0

Banking and Business Updates

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10 months ago | [YT] | 0

Banking and Business Updates

Mr. C N Prasad is GS of SBM (Now merged with SBI)

Dear friends,
Our Apex organisation has submitted a representation seeking extension of all benefits available in Reserve Bank of India Pension Regulations, 1990, in terms of decision of Hon'ble Supreme Court in Civil Appeal No.5525 of 2012 and connected matters. A copy of the representation is attached.
We have not sought extension of benefit of pension updation because of two reasons :a. Provision relating to revision of pension in Reserve Bank of India during 2019 or 2023 are not incorporated in Reserve Bank of India Pension Regulations, 1990.b. The pension updation formula adopted in Reserve Bank of India annot be adopted in Banks, because it would result in those who are similarly placed, but retired earlier getting more pension than those who have retired/retiring later. We do not want to sacrifice the benefit which is ordered by Hon'ble Supreme Court and supported by MoU dated 11.10.1997, for the sake of a benefit, which cannot be extended by adopting the same formula.
It is unfortunate that some intellectual friends are finding fault with Unions for not incorporating updation formula in Pension Regulations. Despite repeatedly informing that there is no Pension Rules/Regulations (including that of RBI/Government/NABARD) which has stipulated Pension Updation at a future date. There cannot be one, because there cannot be any fixed formula which can operate perpetually. If any one even suggesting is misleading Bank Pensioners and it is a case of Jumla.
Thanks, a Million.
With regards,Prasad C N

1 year ago | [YT] | 0

Banking and Business Updates

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As per information, there is greater possibility of including provisin of 5 days banking in the note.
Now we have to watch those who all were ready to sign note without 5 days banking, are how they ready for taking credit.😀😆

1 year ago | [YT] | 0

Banking and Business Updates

2 years ago | [YT] | 10

Banking and Business Updates

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2 years ago | [YT] | 7