Increase in DA for Bank Employees from November 2016 to January 2017 – Revised DA for all Bank Employees and Bank Officers will be 47.80%
Continuation of Medical Expenses Reimbursement Insurance Scheme for employees/officers who have retired after 1-10-2015.
AIBEA Circular on Compassionate ground appointments in the Banks – Bank Union writes to finance minister on the indifferent approach of Bank management in following decision of Govt
Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016
Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86
Dearness Relief payable to Pensioners for the period August 2016 to January 2017
SBI has launched cheaper home loan schemes for defence and other government employees with installment tenure extending up to 75 years of age.
Earlier, Public sector bank employees decided to strike work to protest against the proposed merger of SBI associates and privatisation of IDBI Bank
Bank Strike – The government is diverting the attention of the people by such steps like privatisation and consolidation as a means to improve efficiency and profitability of the banks.
AIBEA and AIBOA have decided to plunge into immediate action to oppose attempts to denigrate Public Sector Banks and protest against proposed merger and consolidation of Banks with a view to divert the people’s attention from the Himalayan bad loans in Banks
Opposing the decision of boards of directors of five associate banks of State Bank of India (SBI) to close down and merge with SBI, the All India Bank Employees’ Association (AIBEA) has called a strike on May 20.
Bank employees are paid with Dearness Allowance, rate of which is determined on the basis of All India Consumer Price Index (Industrial Workers)
RBI had in February disclosed that while Govt Banks bad debts stood at Rs 15,551 crore for the financial year ending March 2012, they had shot up by over three times to Rs 52,542 crore by the end of March 2015.
To facilitate the tax-payers in payment of taxes, the Reserve Bank of India has issued instructions for designated branches of banks conducting government business be open till 8.00 p.m. on March 31, 2016.
The IDBI Bank employees have demanded a written assurance from the government that its stake in IDBI Bank will not be reduced below 51 per cent. The government currently has 72 per cent shareholding in the bank.