Sunday, 31 August 2014
|Promotion Process 2014-15- Release of promotion of empanelled candidates SCALE IV TOVI
PROMOTION FROM SMG SCALE V TO TEG SCALE VI
|Sr No||Name of the executive||Present Placement||Posted to|
|1||Mr P Salvatore||RO SURAT||SRM,RO SURAT,ZO AHMEDABAD|
AIBEA asks members not to opt for ESOP/ESPS
The All India Bank Employees' Association (AIBEA) has advised its members against buying bank shares when offered under the Employee Stock Option (ESOP) / Employee Stock Purchase Scheme (ESPS).
Stating that offering ESOPs or ESPS are aimed at reducing the Government's stake in the equity of public sector banks, the AIBEA General Secretary, C H Venkatachalam, observed that for the first time in the recent budget, no funds were allocated to capitalise the public sector banks in the country, though the Government had stated time and again that banks would need huge capital in the coming years.
"To placate our opposition to such dilution of ownership, the Government and bank managements are now proposing to bring the ESOP/ ESPS, and offer shares to employees at discounted rates. Read more
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Friday, 29 August 2014
Thursday, 21 August 2014
Jaitley calls for better risk management from public sector banks
The Finance Minister, Arun Jaitley, on Thursday made it clear to public sector banks that the Government expects much better standards of risk management practices from them.
This remark is significant as it came in the backdrop of increased incidents of frauds coming to light in the banking system.
"Some recent events are disturbing. I hope it will only be a drop in the ocean," Jaitley said at the 108th foundation day event of Indian Bank in the Capital.
Jaitley said "credibility" is extremely importantant as far as the functioning of banking system is concerned.
"Banks must endeavour to continously have improved standards of credibility," he said. Read more
Tuesday, 19 August 2014
Ban on campus recruitment of bank officers: Kerala HC order rings loud and clear
The ban on campus recruitment of officers in public sector banks has come into effect in light of the adverse strictures made by various courts.
The Ministry of Finance accepted as much while writing to the heads of banks directing them to stop the practice at once.
BOOSTS UNION MORAL
Among the earliest and most forthright observations by the courts had come as early as in 2006 from the High Court of Kerala in a related case (Sanal KC Vs SBI).
The observations boosted the moral of the Leftist student unions in the State that had built up a sustained campaign against campus recruitment of officers. for more News Read more
Sunday, 27 July 2014
Saturday, 28 June 2014
Bank unions seeks Jaitley’s intervention in arriving at early wage revision
Bank unions on Friday urged the Finance Minister Arun Jaitley to intervene in the wage revision matter and ensure that the current stalemate in the negotiations towards the 10th bipartite settlement is quickly sorted out.
The wage negotiations between bank unions and the Indian Banks Association (IBA) are in a deadlock with the latter’s offer of 11 per cent wage hike not acceptable to employees.
“Finance Minister gave a patient hearing to representatives of bank unions. He has assured to get the details from Banking Secretary and look into it”, C.H. Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA) told Business Line after a nearly thirty minutes meeting with the minister. Read more