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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, April 21, 2024

𝑃𝑒𝑑 𝐴𝐢 π‘Žπ‘‘ 26+* *π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘Žπ‘›π‘‘ 𝑝𝑒𝑑 𝑑𝒉𝑒 πΉπ‘Žπ‘› π‘œπ‘›. By π‘€π‘–π‘›π‘–π‘ π‘‘π‘Ÿπ‘¦ π‘“π‘œπ‘Ÿ π‘ƒπ‘œπ‘€π‘’π‘Ÿ π‘Žπ‘›π‘‘ πΈπ‘›π‘’π‘Ÿπ‘”π‘¦, 𝐺𝑂𝐼*

*𝑃𝑒𝑑 𝐴𝐢 π‘Žπ‘‘ 26+* *π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘Žπ‘›π‘‘ 𝑝𝑒𝑑 𝑑𝒉𝑒 πΉπ‘Žπ‘› π‘œπ‘›. By π‘€π‘–π‘›π‘–π‘ π‘‘π‘Ÿπ‘¦ π‘“π‘œπ‘Ÿ π‘ƒπ‘œπ‘€π‘’π‘Ÿ π‘Žπ‘›π‘‘ πΈπ‘›π‘’π‘Ÿπ‘”π‘¦, 𝐺𝑂𝐼*

*πΆπ‘œπ‘Ÿπ‘Ÿπ‘’π‘π‘‘ 𝑒𝑠𝑒 π‘œπ‘“ 𝐴𝐢*
*𝐴𝑠 π’‰π‘œπ‘‘ π‘ π‘’π‘šπ‘šπ‘’π‘Ÿ π’‰π‘Žπ‘  π‘ π‘‘π‘Žπ‘Ÿπ‘‘π‘’π‘‘ π‘Žπ‘›π‘‘ 𝑀𝑒 𝑒𝑠𝑒* *π΄π‘–π‘Ÿ π‘π‘œπ‘›π‘‘π‘–π‘‘π‘–π‘œπ‘›π‘’π‘Ÿπ‘  π‘Ÿπ‘’π‘”π‘’π‘™π‘Žπ‘Ÿπ‘™π‘¦, 𝑙𝑒𝑑 𝑒𝑠 π‘“π‘œπ‘™π‘™π‘œπ‘€ 𝑑𝒉𝑒 π‘π‘œπ‘Ÿπ‘Ÿπ‘’π‘π‘‘ π‘šπ‘’π‘‘π’‰π‘œπ‘‘.*

π‘€π‘œπ‘ π‘‘ π‘π‘’π‘œπ‘π‘™π‘’ π’‰π‘Žπ‘£π‘’ π‘Ž π’‰π‘Žπ‘π‘–π‘‘ π‘œπ‘“ π‘Ÿπ‘’π‘›π‘›π‘–π‘›π‘” π‘‘π’‰π‘’π‘–π‘Ÿ 𝐴𝐢𝑠 π‘Žπ‘‘ 20-22 π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘Žπ‘›π‘‘ 𝑀𝒉𝑒𝑛 𝑑𝒉𝑒𝑦 𝑓𝑒𝑒𝑙 π‘π‘œπ‘™π‘‘, 𝑑𝒉𝑒𝑦 π‘π‘œπ‘£π‘’π‘Ÿ π‘‘π’‰π‘’π‘–π‘Ÿ π‘π‘œπ‘‘π‘–π‘’π‘  𝑀𝑖𝑑𝒉 π‘π‘™π‘Žπ‘›π‘˜π‘’π‘‘π‘ . 𝑇𝒉𝑖𝑠 π‘™π‘’π‘Žπ‘‘π‘  π‘‘π‘œ π‘‘π‘œπ‘’π‘π‘™π‘’ π‘™π‘œπ‘ π‘ . π»π‘‚π‘Š  ???

π·π‘œ π‘¦π‘œπ‘’ π‘˜π‘›π‘œπ‘€ π‘‘π’‰π‘Žπ‘‘ 𝑑𝒉𝑒 π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ π‘œπ‘“ π‘œπ‘’π‘Ÿ π‘π‘œπ‘‘π‘¦ 𝑖𝑠 36 π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  𝐢𝑒𝑙𝑠𝑖𝑒𝑠? 𝑇𝒉𝑒 π‘π‘œπ‘‘π‘¦ π‘π‘Žπ‘› π‘‘π‘œπ‘™π‘’π‘Ÿπ‘Žπ‘‘π‘’ π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ π‘Ÿπ‘Žπ‘›π‘”π‘–π‘›π‘” π‘“π‘Ÿπ‘œπ‘š 23 π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘‘π‘œ 39 π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘’π‘Žπ‘ π‘–π‘™π‘¦. 𝐼𝑑 𝑖𝑠 π‘π‘Žπ‘™π‘™π‘’π‘‘ π’‰π‘’π‘šπ‘Žπ‘› π‘π‘œπ‘‘π‘¦ π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ π‘‘π‘œπ‘™π‘’π‘Ÿπ‘Žπ‘›π‘π‘’. 

π‘Šπ’‰π‘’π‘› 𝑑𝒉𝑒 π‘…π‘œπ‘œπ‘š π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ 𝑖𝑠 π‘™π‘œπ‘€π‘’π‘Ÿ π‘œπ‘Ÿ π’‰π‘–π‘”π’‰π‘’π‘Ÿ, 𝑑𝒉𝑒 π‘π‘œπ‘‘π‘¦  π‘Ÿπ‘’π‘Žπ‘π‘‘π‘ , 𝑏𝑦 𝑠𝑛𝑒𝑒𝑧𝑖𝑛𝑔, π‘ π’‰π‘–π‘£π‘’π‘Ÿπ‘–π‘›π‘”, 𝑒𝑑𝑐.

π‘Šπ’‰π‘’π‘› π‘¦π‘œπ‘’ π‘Ÿπ‘’π‘› 𝑑𝒉𝑒 𝐴𝐢 π‘Žπ‘‘ 19-20-21 π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘ , π‘Ÿπ‘œπ‘œπ‘š π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ 𝑖𝑠 π‘šπ‘’π‘π’‰ π‘™π‘œπ‘€π‘’π‘Ÿ π‘‘π’‰π‘Žπ‘› 𝑑𝒉𝑒 π‘›π‘œπ‘Ÿπ‘šπ‘Žπ‘™ π‘π‘œπ‘‘π‘¦ π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ π‘Žπ‘›π‘‘ 𝑖𝑑 π‘ π‘‘π‘Žπ‘Ÿπ‘‘π‘  𝑑𝒉𝑒 π‘π‘Ÿπ‘œπ‘π‘’π‘ π‘  π‘π‘Žπ‘™π‘™π‘’π‘‘ π’‰π‘¦π‘π‘œπ‘‘π’‰π‘’π‘Ÿπ‘šπ‘–π‘Ž 𝑖𝑛 𝑑𝒉𝑒 π‘π‘œπ‘‘π‘¦ 𝑀𝒉𝑖𝑐𝒉 π‘Žπ‘“π‘“π‘’π‘π‘‘π‘  π‘π‘™π‘œπ‘œπ‘‘ π‘π‘–π‘Ÿπ‘π‘’π‘™π‘Žπ‘‘π‘–π‘œπ‘›, π‘€π’‰π‘’π‘Ÿπ‘’π‘π‘¦, π‘π‘™π‘œπ‘œπ‘‘ 𝑠𝑒𝑝𝑝𝑙𝑦 𝑖𝑛 π‘ π‘œπ‘šπ‘’ π‘π‘Žπ‘Ÿπ‘‘π‘  π‘œπ‘“ 𝑑𝒉𝑒 π‘π‘œπ‘‘π‘¦ 𝑖𝑠 π‘›π‘œπ‘‘ π‘Žπ‘‘π‘’π‘žπ‘’π‘Žπ‘‘π‘’. π‘‡π’‰π‘’π‘Ÿπ‘’ π‘Žπ‘Ÿπ‘’ π‘šπ‘Žπ‘›π‘¦ π‘‘π‘–π‘ π‘Žπ‘‘π‘£π‘Žπ‘›π‘‘π‘Žπ‘”π‘’π‘  𝑖𝑛  π‘™π‘œπ‘›π‘” π‘‘π‘’π‘Ÿπ‘š 𝑠𝑒𝑐𝒉 π‘Žπ‘  π‘Žπ‘Ÿπ‘‘π’‰π‘Ÿπ‘–π‘‘π‘–π‘  𝑒𝑑𝑐.

π‘€π‘œπ‘ π‘‘ π‘œπ‘“ 𝑑𝒉𝑒 π‘‘π‘–π‘šπ‘’ π‘‘π’‰π‘’π‘Ÿπ‘’ 𝑖𝑠 π‘›π‘œ π‘ π‘€π‘’π‘Žπ‘‘π‘–π‘›π‘” 𝑀𝒉𝑒𝑛 𝐴𝐢 𝑖𝑠 𝑂𝑁, π‘ π‘œ 𝑑𝒉𝑒 π‘‘π‘œπ‘₯𝑖𝑛𝑠 π‘œπ‘“ 𝑑𝒉𝑒 π‘π‘œπ‘‘π‘¦ π‘π‘Žπ‘› π‘›π‘œπ‘‘ π‘π‘œπ‘šπ‘’ π‘œπ‘’π‘‘ π‘Žπ‘›π‘‘ 𝑖𝑛 𝑑𝒉𝑒 π‘™π‘œπ‘›π‘” π‘‘π‘’π‘Ÿπ‘š, π‘π‘Žπ‘’π‘ π‘’ π‘Ÿπ‘–π‘ π‘˜ π‘œπ‘“ π‘šπ‘Žπ‘›π‘¦ π‘šπ‘œπ‘Ÿπ‘’ π‘‘π‘–π‘ π‘’π‘Žπ‘ π‘’π‘ , 𝑠𝑒𝑐𝒉 π‘Žπ‘  π‘ π‘˜π‘–π‘› π‘Žπ‘™π‘™π‘’π‘Ÿπ‘”π‘¦ π‘œπ‘Ÿ 𝑖𝑑𝑐𝒉𝑖𝑛𝑔, 𝒉𝑖𝑔𝒉 π‘π‘™π‘œπ‘œπ‘‘ π‘π‘Ÿπ‘’π‘ π‘ π‘’π‘Ÿπ‘’ 𝑒𝑑𝑐.

π‘Šπ’‰π‘’π‘› π‘¦π‘œπ‘’ π‘Ÿπ‘’π‘› 𝐴𝐢 π‘Žπ‘‘ 𝑠𝑒𝑐𝒉 π‘™π‘œπ‘€ π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’π‘ , 𝑖𝑑'𝑠  π‘π‘œπ‘šπ‘π‘Ÿπ‘’π‘ π‘ π‘œπ‘Ÿ π‘π‘œπ‘›π‘‘π‘–π‘›π‘’π‘œπ‘’π‘ π‘™π‘¦ π‘€π‘œπ‘Ÿπ‘˜π‘  π‘œπ‘› 𝑓𝑒𝑙𝑙 π‘’π‘›π‘’π‘Ÿπ‘”π‘¦, 𝑒𝑣𝑒𝑛 𝑖𝑓 𝑖𝑑 𝑖𝑠 5 π‘ π‘‘π‘Žπ‘Ÿπ‘ , 𝑒π‘₯𝑐𝑒𝑠𝑠𝑖𝑣𝑒 π‘π‘œπ‘€π‘’π‘Ÿ 𝑖𝑠 π‘π‘œπ‘›π‘ π‘’π‘šπ‘’π‘‘ & 𝑖𝑑 π‘π‘™π‘œπ‘€π‘  π‘šπ‘œπ‘›π‘’π‘¦ π‘“π‘Ÿπ‘œπ‘š π‘¦π‘œπ‘’π‘Ÿ π‘π‘œπ‘π‘˜π‘’π‘‘.


*π‘Šπ’‰π‘Žπ‘‘ 𝑖𝑠 𝑑𝒉𝑒 𝑏𝑒𝑠𝑑 π‘€π‘Žπ‘¦ π‘‘π‘œ π‘Ÿπ‘’π‘› 𝐴𝐢 ?? 𝑆𝑒𝑑 𝑒𝑝 π‘‡π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’π‘  π‘“π‘œπ‘Ÿ 26 π·π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘œπ‘Ÿ π‘šπ‘œπ‘Ÿπ‘’.*
*π‘Œπ‘œπ‘’ π‘‘π‘œπ‘›'𝑑 𝑔𝑒𝑑 π‘Žπ‘›π‘¦ 𝑏𝑒𝑛𝑒𝑓𝑖𝑑 𝑏𝑦  π‘“π‘–π‘Ÿπ‘ π‘‘ 𝑠𝑒𝑑𝑑𝑖𝑛𝑔 π‘‡π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ π‘œπ‘“ 𝐴𝐢 π‘‘π‘œ 20 - 21 π‘Žπ‘›π‘‘ 𝑑𝒉𝑒𝑛 π‘€π‘Ÿπ‘Žπ‘ 𝑑𝒉𝑒 𝑠𝒉𝑒𝑒𝑑/ 𝑑𝒉𝑖𝑛 𝑄𝑒𝑖𝑙𝑑 π‘Žπ‘Ÿπ‘œπ‘’π‘›π‘‘ π‘¦π‘œπ‘’.*
*𝐼𝑑 𝑖𝑠 π‘Žπ‘™π‘€π‘Žπ‘¦π‘  π‘π‘’π‘‘π‘‘π‘’π‘Ÿ π‘‘π‘œ π‘Ÿπ‘’π‘› 𝐴𝐢 π‘Žπ‘‘ 26+ π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘Žπ‘›π‘‘ 𝑝𝑒𝑑 𝑑𝒉𝑒 π‘“π‘Žπ‘› π‘œπ‘› π‘Žπ‘‘  π‘ π‘™π‘œπ‘€ 𝑠𝑝𝑒𝑒𝑑.* 28 𝑝𝑙𝑒𝑠 π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  𝑖𝑠 π‘π‘’π‘‘π‘‘π‘’π‘Ÿ.

𝑇𝒉𝑖𝑠 𝑀𝑖𝑙𝑙 π‘π‘œπ‘ π‘‘ 𝑙𝑒𝑠𝑠 π‘’π‘™π‘’π‘π‘‘π‘Ÿπ‘–π‘π‘–π‘‘π‘¦ π‘Žπ‘›π‘‘ π‘¦π‘œπ‘’π‘Ÿ π‘π‘œπ‘‘π‘¦ π‘‘π‘’π‘šπ‘π‘’π‘Ÿπ‘Žπ‘‘π‘’π‘Ÿπ‘’ 𝑀𝑖𝑙𝑙 π‘Žπ‘™π‘ π‘œ 𝑏𝑒 𝑖𝑛 𝑑𝒉𝑒 π‘Ÿπ‘Žπ‘›π‘”π‘’ π‘Žπ‘›π‘‘ π‘‘π’‰π‘’π‘Ÿπ‘’ 𝑀𝑖𝑙𝑙 𝑏𝑒 π‘›π‘œ 𝑖𝑙𝑙 𝑒𝑓𝑓𝑒𝑐𝑑 π‘œπ‘› π‘¦π‘œπ‘’π‘Ÿ π’‰π‘’π‘Žπ‘™π‘‘π’‰.

*π΄π‘›π‘œπ‘‘π’‰π‘’π‘Ÿ π‘Žπ‘‘π‘£π‘Žπ‘›π‘‘π‘Žπ‘”π‘’ π‘œπ‘“ 𝑑𝒉𝑖𝑠 𝑖𝑠 π‘‘π’‰π‘Žπ‘‘ 𝑑𝒉𝑒 𝐴𝐢 𝑀𝑖𝑙𝑙 π‘π‘œπ‘›π‘ π‘’π‘šπ‘’ 𝑙𝑒𝑠𝑠 π‘’π‘™π‘’π‘π‘‘π‘Ÿπ‘–π‘π‘–π‘‘π‘¦, 𝑑𝒉𝑒 π‘π‘™π‘œπ‘œπ‘‘ π‘π‘Ÿπ‘’π‘ π‘ π‘’π‘Ÿπ‘’ π‘œπ‘› 𝑑𝒉𝑒 π‘π‘Ÿπ‘Žπ‘–π‘› 𝑀𝑖𝑙𝑙 π‘Žπ‘™π‘ π‘œ π‘‘π‘’π‘π‘Ÿπ‘’π‘Žπ‘ π‘’ π‘Žπ‘›π‘‘ π‘†π‘Žπ‘£π‘–π‘›π‘” 𝑀𝑖𝑙𝑙 π‘’π‘™π‘‘π‘–π‘šπ‘Žπ‘‘π‘’π‘™π‘¦ 𝒉𝑒𝑙𝑝 π‘Ÿπ‘’π‘‘π‘’π‘π‘’ 𝑑𝒉𝑒 𝑒𝑓𝑓𝑒𝑐𝑑𝑠 π‘œπ‘“ π‘”π‘™π‘œπ‘π‘Žπ‘™ π‘€π‘Žπ‘Ÿπ‘šπ‘–π‘›π‘”. π»π‘œπ‘€ ???*

*π‘†π‘’π‘π‘π‘œπ‘ π‘’ π‘¦π‘œπ‘’ π‘ π‘Žπ‘£π‘’ π‘Žπ‘π‘œπ‘’π‘‘ 5 𝑒𝑛𝑖𝑑𝑠 π‘π‘’π‘Ÿ 𝐴𝐢 π‘π‘’π‘Ÿ 𝑛𝑖𝑔𝒉𝑑 𝑏𝑦 π‘Ÿπ‘’π‘›π‘›π‘–π‘›π‘” 𝐴𝐢 π‘œπ‘› 26+ π·π‘’π‘”π‘Ÿπ‘’π‘’ π‘Žπ‘›π‘‘ π‘œπ‘‘π’‰π‘’π‘Ÿ 10 π‘™π‘Žπ‘˜π’‰ π’‰π‘œπ‘’π‘ π‘’π‘  π‘Žπ‘™π‘ π‘œ π‘‘π‘œ π‘™π‘–π‘˜π‘’ π‘¦π‘œπ‘’, 𝑑𝒉𝑒𝑛 𝑀𝑒 π‘ π‘Žπ‘£π‘’ 5 π‘šπ‘–π‘™π‘™π‘–π‘œπ‘› 𝑒𝑛𝑖𝑑𝑠 π‘œπ‘“ π‘’π‘™π‘’π‘π‘‘π‘Ÿπ‘–π‘π‘–π‘‘π‘¦ π‘π‘’π‘Ÿ π‘‘π‘Žπ‘¦.*

*𝐴𝑑 𝑑𝒉𝑒 π‘Ÿπ‘’π‘”π‘–π‘œπ‘›π‘Žπ‘™ 𝑙𝑒𝑣𝑒𝑙 𝑑𝒉𝑖𝑠 π‘ π‘Žπ‘£π‘–π‘›π‘”π‘  π‘π‘Žπ‘› 𝑏𝑒 π‘π‘Ÿπ‘œπ‘Ÿπ‘’π‘  π‘œπ‘“ 𝑒𝑛𝑖𝑑𝑠 π‘π‘’π‘Ÿ π‘‘π‘Žπ‘¦.*

π‘ƒπ‘™π‘’π‘Žπ‘ π‘’ π‘π‘œπ‘›π‘ π‘–π‘‘π‘’π‘Ÿ 𝑑𝒉𝑒 π‘Žπ‘π‘œπ‘£π‘’ π‘Žπ‘›π‘‘ π‘‘π‘œ π‘›π‘œπ‘‘ π‘Ÿπ‘’π‘› π‘¦π‘œπ‘’π‘Ÿ 𝐴𝐢 π‘Žπ‘‘ π‘Žπ‘™π‘™, π‘π‘’π‘™π‘œπ‘€ 26 π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘ . 𝐾𝑒𝑒𝑝 π‘¦π‘œπ‘’π‘Ÿ π‘π‘œπ‘‘π‘¦ π‘Žπ‘›π‘‘ π‘’π‘›π‘£π‘–π‘Ÿπ‘œπ‘›π‘šπ‘’π‘›π‘‘ π’‰π‘’π‘Žπ‘™π‘‘π’‰π‘¦.

*πΉπ‘œπ‘Ÿπ‘€π‘Žπ‘Ÿπ‘‘π‘’π‘‘ 𝑖𝑛 𝑃𝑒𝑏𝑙𝑖𝑐 πΌπ‘›π‘‘π‘’π‘Ÿπ‘’π‘ π‘‘*
*π‘€π‘–π‘›π‘–π‘ π‘‘π‘Ÿπ‘¦ π‘“π‘œπ‘Ÿ π‘ƒπ‘œπ‘€π‘’π‘Ÿ*
*π‘Žπ‘›π‘‘ πΈπ‘›π‘’π‘Ÿπ‘”π‘¦, 𝐺𝑂𝐼.*
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Today's talk between IBA n UFBU

Today's talk between IBA n UFBU



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Friday, April 19, 2024

43 RRB ALMOST GOT PROFIT WAITING FOR WAGE REVISION

Out of 43 RRB almost all got profit for FY 2023-24, still waiting for wage revision





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Wednesday, April 17, 2024

Bank-wise Details of the Shareholding of Government in PSU


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5 PSU banks to reduce govt shareholding to meet MPS norms

Five public sector lenders, including Bank of Maharashtra, IOB and UCO Bank are planning to reduce government stake to less than 75 per cent to comply with Sebi's minimum public shareholding (MPS) norms, Financial Services Secretary Vivek Joshi has said. Out of 12 public sector banks (PSBs), four were complying with MPS norms as on March 31, 2023.

"As part of an ongoing effort, three more PSBs have complied with minimum 25 per cent public float during the current financial year. Remaining five PSBs have laid out action plans to meet MPS requirement," he told PTI in an interaction.

Currently, government holding in Delhi-based Punjab & Sind Bank is 98.25 per cent. It is followed by Chennai-based Indian Overseas Bank at 96.38 per cent, UCO Bank 95.39 per cent, Central Bank of India 93.08 per cent, Bank of Maharashtra at 86.46 per cent.
As per the Securities and Exchange Board of India (Sebi), all listed companies must maintain an MPS of 25 per cent.

However, the regulator had given special forbearance to state-owned banks. They have time till August 2024 to meet the requirement of 25 per cent MPS.

Joshi said banks have various options to bring down the stake, including follow on public offering or Qualified Institutional Placement.

Depending on market condition, each of these banks will take a call in the best interest of shareholders, he added. Without giving a timeline, he said, efforts were on to meet the requirement.

Joshi said the finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government.

The Department of Financial Services (DFS) in a communication addressed to heads of PSBs has asked them to look at their system and processes related to gold loan.

A directive in this regard was issued last month advising them to fix anomalies relating to collection of fees and interest and closure of gold loan accounts.

The letter flagged various concerns, including disbursement of gold loans without requisite gold collateral, anomalies regarding collection of fees and repayment in cash.

The DFS urged banks to undertake a thorough review of the last two-year period from January 1, 2022 to January 31, 2024 so as to ensure that all gold loans were disbursed in compliance with regulatory requirements and internal policies of banks.

It is to be noted that the price of the yellow metal has surged to a record level. Price of 10 gm gold in the last one month jumped from Rs 63,365 to Rs 67,605.

According to the letter, the department has come across instances of non-compliance regarding the gold loan portfolio and hence issued the advisory.

The country's biggest lender, State Bank of India (SBI) alone has a gold loan portfolio of Rs 30,881 crore as of December 2023.

Punjab National Bank's gold loan exposure stood at Rs 5,315 crore while Bank of Baroda was at Rs 3,682 crore at the end of the third quarter.
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Sunday, April 14, 2024

Banks can not force Lawyers to pay Court Fees from their own pockets

The Privilege Committee of the Bar Council of Punjab & Haryana has called for a meeting with the Chairpersons of HDFC, ICICI, and Axis Banks. The reason behind this is an allegation that these banks have been instructing their panel lawyers to pay the court fees for filing cases in the Debt Recovery Tribunal in Chandigarh.

According to the complaint made by the Debt Recovery Tribunal (DRT) Bar Association in Chandigarh, the court fees can amount to lakhs of rupees. It is claimed that the banks only reimburse the lawyers months later. The DRT Bar Association believes that this practice is unethical and unfair. They argue that the high court fees are unaffordable for ordinary lawyers, and it is not appropriate for the banks or their officers to ask panel lawyers to pay from their own pockets.

The DRT Bar Association argues that this practice goes against the rights, duties, and privileges of advocates as outlined in the Advocates Act, 1961, and the BCI Rules. The Privilege Committee, headed by Chairman Lekh Raj Sharma and Members Raja Gautama and Karanjit Singh, agrees with this view. They believe that if this practice is widespread, it violates the provisions of the Advocate Act 1961, particularly Section 30. They also believe it is detrimental to the interests of common advocates, especially young ones. They argue that this unethical practice would give wealthy advocates a monopoly over legal work, which would undermine the talent and opportunities for other advocates.

The Privilege Committee comprising Chairman Lekh Raj Sharma and Members Raja Gautama and Karanjit Singh opined that “Prima facie it appears that this kind of the practice if it is prevalent is certainly in violation of the provision of the Advocate Act 1961, particularly Section 30, against Privileges Rights and Duties of the Advocate and also against the interest of the common Advocates particularly young Advocates.“

In response to these concerns, the Committee has summoned the Chairpersons of HDFC, ICICI, and Axis Bank to appear before them at the Bar Council of Punjab & Haryana. The Committee warns that failure to cooperate with the order would be seen as an admission of the unethical practice, and further action will be taken accordingly, in accordance with the law.


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What is CPI and WPI?

What is CPI and WPI?

Consumer Price Index (CPI): The Consumer Price Index measures changes in the average price level of goods and services purchased by households over time. It is used to measure inflation and indicates the cost of living for consumers. The CPI is calculated by selecting a basket of goods and services that represent typical consumer purchases and tracking the changes in their prices over time. This index is often used to adjust wages, pensions, and government benefits to account for changes in purchasing power.

Wholesale Price Index (WPI): The Wholesale Price Index measures changes in the average price level of goods traded in bulk or at the wholesale level. It primarily serves as an indicator of inflation in the production and distribution stages of the economy. WPI tracks the price changes of goods before they reach the retail level and includes commodities such as raw materials, intermediate goods, and finished goods. Policymakers, businesses, and analysts use WPI to monitor inflationary pressures within the economy and make decisions based on price trends in the wholesale market.

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𝑃𝑒𝑑 𝐴𝐢 π‘Žπ‘‘ 26+* *π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘Žπ‘›π‘‘ 𝑝𝑒𝑑 𝑑𝒉𝑒 πΉπ‘Žπ‘› π‘œπ‘›. By π‘€π‘–π‘›π‘–π‘ π‘‘π‘Ÿπ‘¦ π‘“π‘œπ‘Ÿ π‘ƒπ‘œπ‘€π‘’π‘Ÿ π‘Žπ‘›π‘‘ πΈπ‘›π‘’π‘Ÿπ‘”π‘¦, 𝐺𝑂𝐼*

*𝑃𝑒𝑑 𝐴𝐢 π‘Žπ‘‘ 26+* *π‘‘π‘’π‘”π‘Ÿπ‘’π‘’π‘  π‘Žπ‘›π‘‘ 𝑝𝑒𝑑 𝑑𝒉𝑒 πΉπ‘Žπ‘› π‘œπ‘›. By π‘€π‘–π‘›π‘–π‘ π‘‘π‘Ÿπ‘¦ π‘“π‘œπ‘Ÿ π‘ƒπ‘œπ‘€π‘’π‘Ÿ π‘Žπ‘›π‘‘ πΈπ‘›π‘’π‘Ÿπ‘”π‘¦, 𝐺𝑂𝐼* ...

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