New recruit Clerks IBPS IV:
First batch of training for 1181 candidates will start on 02.11.2015
Second phase of 93 candidates date will be informed later.
Roll numbers available in
Indian Bank website.

Medical Insurance Policy for Pensioners and retirees!!

As received.........
Details of a Meeting organised by AIBOA - Maharastra (BankPensioner forum) :
Attended a meeting organised by AIBOA (Maharashtra) to discuss the health insurance scheme for retiree employees . The gathering of retired employees was addressed by:
1. Shri Hariharan, DGM , United India Insurance, HO, CHENNAI
2. Shri Manek Dastoor of Dastoor & Co., advisors to IBA.

Take-aways from the discussions included:

1. The scheme is to be implemented from 01.11.2015.
2. Even though the banks have stipulated cut-off date for exercising option, a time window of 90 days (from the date of implementation) will be available for a retiree to exercise his option in case he failed to do so within the cut-off date.
3. Once an employee opts out of the scheme, he/she will not be eligible to be covered under the scheme.

LIC employees wage revision talks Update:

Tuesday, September 29, 2015
Unions' meeting concludes
The meeting of Joint Forum of unions in LIC met today the 29th of September 2015
at Pune and decided the following programme of action to realise satisfactory
wage revision and one more option for pension:

1) Lunch hour demonstrations 6th and 13th October, 2015. 
2) ONE DAY STRIKE ON 14 th October, 2015. 
3) Lunch hour demonstrations on 16th & 18th November, 2015.
4) TWO DAYS strike on 19th and 20th November 2015.

Please note that the earlier call of no work after office hours continues.
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Their wage revision was due from 01.08.2012.
It is more than 38 months!
Bank Union will now say that we are better  than 
LIC!!

Rajan's right!!

Rajan's right: Govt should compensate PSBs,
not use them as extended arms!!
(by Dinesh Unnikrishnan Aug 28, 2015 FIRSTPOST)

Mumbai: Reserve Bank of India (RBI) governor, Raghuram Rajan, has often invited criticism in the past for his blunt comments on politically sensitive topics such as Prime Minister Narendra Modi's
'Make in India initiative' and theNDA government's rocket-speed implementation of financial inclusion programmes using state-run banks.

This time, the former chief economist of International Monetary Fund (IMF)
has raised another issue of critical importance in the Governor’s overview
section of RBI’s 2014-15 annual report. The issue pertains to how public
sector banks (PSBs) are forced to undertake government’s financial inclusion
programmes, such as the Prime Minister's Jan Dhan Yojana, without getting
fully compensated for their losses.

"We should recognise that PSBs undertake public interest activities (like the
roll out of accounts under the Pradhan Mantri Jan Dhan Yojana) that are not
always fully compensated," Rajan said.

Microlending:Pradhan Mantri Mudra Yojana (PMMY)

Microlending: Jaitley may be making a mistake by putting PSBs on mission mode; it can backfire!

Finance minister Arun Jaitley has set an ambitious target of Rs 1.22 lakh crore for public sector banks (PSBs) to lend to micro and small businesses under the Pradhan Mantri Mudra Yojana (PMMY) by March 2016. Following this, state-run banks have begun credit campaigns to distribute loans pan-India.

No doubt, India’s small entrepreneurs and start-ups need urgent financial assistance. But by putting banks on a mission mode to fulfil this target in a short period, the government is piling up pressure on them and it can lead to serious credit assessment problems.

There is also a danger of the actual needy customer being ignored in the process and funds being misdirected to the wrong beneficiaries. In six months, commercial banks do not have the time to lend to put in place the systems and process to deal with such loans. Banks will, thus, be forced to randomly push money, which can add to their existing pile of non-performing assets (NPAs).

Remember, micro and small borrowers already constitute a substantial portion of banks’ bad loans.

IBA has released a Clarification circular on 6th, 7th, 8th Stagnation Increments on 19.09.2015
This the Second clarification circular (earlier one is dt.16.06.2015) on the above subject.
Note: it is a clarification circular only.
There is no change in the provisions already signed.
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Working on 4th Saturday!

Punjab and Sind Bank (Public Sector Bank)-Delhi:
 Harassment: Bank Open on 4th Saturday 26 - Sept- 2015

Hi,

I am a Punjab and Sind Bank employee.

Bank Management always force us to open Branch on Sunday or any long holiday to achieve targets. And always Zonal and Head office remain closed on holidays.

Management has sent an email to all Branches to open on 26- Sept- 2015 i.e. 4 Saturday is holiday

We are also human being, we also need holidays to look after and take care of our family.

Request you to kindly look into this issue?

As per X Bapartite IBA and Indian Govt has declared that 2 and 4 Saturday of the month will be holiday.

Yours

(Name avoided)
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