Bank Employees

Indian Banks Association considers 5-day work week for bank employees

If the proposal gets IBA's nod, it will be sent to the finance ministry and subsequently to the Reserve Bank of India's (RBI) for approval

Employee strength of banks in pvt space almost equals PSBs': RBI data

The headcount in small finance banks was 14,179 in 2016-17, when they arrived on the scene

Chief labour commissioner to meet bank unions on proposed Nov 10 strike

Banks notices say normal services could get affected but they are taking action to keep work going

Trip that includes a foreign leg is not eligible for LTC, say experts

This condition is not satisfied merely by the trip starting and ending in India

Bank employees' unions call for restoration of old pension scheme

Submit charter of demand for wage revision as part of 12th bipartite settlement

Amid falling staff strength, PSBs may soon start hiring on a monthly basis

From a peak of 886,490 in 2012-13, staff strength in state-owned banks fell to 770,800 in 2020-21

Maharashtra state bank employees union protests govt loan melas

The federation's secretary, said in a statement the Congress government before "distributed hundreds of crores" by organising loan melas and now the present government is on the same lines

ED probing some entities, employees over irregularities, says IndusInd Bank

IndusInd Bank says it has no credit exposure to the entities being investigated

Bank employee from Rajasthan shot dead in Kashmir's Kulgam district

Rajasthan CM Ashok Gehlot condemned the killing of the Rajasthan resident and said the NDA government has failed to restore peace in Kashmir.

Irregularity by bank employees should not be dealt leniently: Supreme Court

Bank employees hold the position of trust where honesty and integrity are essential conditions and any irregularity on their part should not be dealt with leniently, the Supreme Court said on Friday. A bench of Justices Ajay Rastogi and Abhay S Oka made the observation while upholding an order of dismissal against a bank clerk for serious irregularities in discharge of his duties. Merely because the employee stood superannuated in the meanwhile, will not absolve him from the misconduct which he had committed in discharge of his duties and looking into the nature of misconduct which he had committed, he was not entitled for any indulgence. The Bank employee always holds the position of trust where honesty and integrity are the sine qua non but it would never be advisable to deal with such matters leniently, the bench said. The apex court said that looking into seriousness of the nature of allegations levelled against the employee, the punishment of dismissal inflicted upon him in no

Banking services impacted as 900,000 employees go on two-day strike

Staffers take out marches in protest against privatisation of public sector banks; a few customer service centres kept functional

Family pension of bank employees set at 30% of last drawn salary: Govt

PSBs' pension contribution for employees under NPS also hiked to 14%, says DFS secy

Govt approves raising family pension of bank staff under NPS

The families of deceased bank employees will receive up to 30 per cent of the last drawn salary of the employee under the National Pension Scheme (NPS)

Nirmala Sitharaman urges CMs to end police manhandling of bank staff

The FM said that there is a need for banking services to continue uninterrupted, to support the bank customers' needs in these difficult times

Covid-19 has killed over 1,000 bank employees in India, says union

Banking sector is slotted as an essential service and partially exempt from the lockdown orders, allowing some to call as much as 50% of their workforce in bank branches to avoid any disruption.

DFS Secy urges states to vaccinate bank and insurance staff, provide safety

Debasish Panda says bankers have played a key role in providing services in such difficult times, many have contracted the virus, and some have even lost their lives

Bank employees union seeks RBI intervention in Dhanlaxmi Bank affairs

The bank reported highest profit in nine decades in FY20 at Rs 65 crore

Bank unions write to Maharashtra CM on concerns over staff safety

The United Forum of Bank Unions (UFBU) on Thursday wrote to Maharashtra Chief Minister Uddhav Thackeray raising concerns over threats and physical assault against bank officials in the state. In the letter, the unions said employees of IDBI Bank were recently manhandled in Nashik and Malkapur in Buldhana district and requested the chief minister to take immediate action. "It is observed that at various places, so-called social and political workers are threatening, abusing and manhandling bank officials so as to pressurise them for sanctioning and disbursement of loans otherwise than on merits," the Forum wrote in the letter. The unions urged the chief minister to issue advisory to police authorities to take serious note of such incidents and to take immediate action to prevent such instances in future. Employees and officers of all the banks are already working under pressure because of the COVID-19 pandemic. Additionally, they are also burdened with sanction and disbursement of c

Goa Bank Association demands safe working places; agitation from Sept 1

Goa Bank Employees' Association announced agitation from September 1 demanding Covid-19 safe working places alleging that there is no response from the concerned authorities

Banks, trade unions agree on 15% hike in existing wage bill of 35 lenders

All employees will get additional pay to the tune of 5-15 days of basic and dearness allowance components of their salary.