Dearness Allowance is an essential part of a bank employee’s salary, helping them counter the effects of inflation. In this article, we’ll break down the expected DA for bankers in November 2023 in a straightforward manner What is DA and How is it Calculated? DA is revised four times a year, specifically in February, May, […]
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The 12th Bipartite Settlement is a highly anticipated event in the banking sector, scheduled for November 1, 2022. This pivotal moment determines the salaries and various wage components for employees in both public sector banks and select private sector banks. These decisions are reached through negotiations between two key parties: the United Forum of Bank
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IIBF Launches 3rd NATIONAL INTER-BANK QUIZ CONTEST “BANKING CHANAKYA -2023. 3rd NATIONAL INTER-BANK QUIZ CONTEST “BANKING CHANAKYA -2023”commencing from 25th September 2023. Banking Chanakya is a Quiz contest open to all staff members currently employed in any bank, located anywhere in India. It is a Team Game and not open for individual participation. Each team
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In this article, we will discuss about Different Ways To Generate AU Bank Debit Card PIN. In the world of digital finance, the Debit Card is an essential tool that bridges the gap between your bank account and a world of transactions. It allows you to make payments, withdraw cash, and access your funds conveniently.
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Are you curious about what CASA stands for in banking? CASA stands for Current Account and Savings Account, and it plays a crucial role in the world of banking. In this article, we’ll explore the significance of CASA, the features of current and savings accounts, the CASA ratio, and the benefits it offers to both
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Bank lockers, a safe and trusted storage solution, allow customers to securely store valuable possessions such as documents and jewelry. In return for this service, a convenience fee is charged. UCO Bank offers a range of locker choices, with fees spanning from INR 1,000 to INR 20,000. The charges are determined based on the size
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In the past, around 30 years ago, an interesting development took place in the banking sector. Computers made their debut, bringing a wave of change. Surprisingly, this transformation wasn’t limited to banking but had previously been tried in the railway sector before finding its place in banking. At that time, worker unions were worried about
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Regional Rural Banks were established to ensure that rural areas in India have easy access to banking and credit services, especially for agricultural and other rural activities. These banks were created to bring financial services closer to rural communities, aiming to spur economic growth in these regions. In 1975, a special rule was passed, and
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In this article you get to know about FALLCR Meaning and its significance in Banking. FALLCR refers to Facility to Avail Liquidity for Liquidity Coverage Ratio. FALLCR is a mechanism designed to support banks in meeting the liquidity requirements set by the Liquidity Coverage Ratio. To understand FALLCR, it is essential to grasp the concept
Bipartite settlement refers to an agreement or resolution reached between two parties involved in a dispute, negotiation, or conflict. The term “bipartite” indicates that the settlement involves only two parties, as opposed to a multipartite settlement that would involve multiple parties. In a bipartite settlement, the two parties negotiate and come to an agreement on
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