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Saturday, January 18, 2014

Banking Updates and current affairs :

1)BoB was conferred with the Best Bank Award for the MSME sector.
2)Bank staff can claim benefits even on removal from service: Apex court
3)The Supreme Court has ruled that a bank employee can claim pension and encashment of leave even when
terminated from service.
4)Not going to change Interest Rate of Any Product near future says SBI
5)Bimal Jalan Committee to submit its report on Banking Licence by Feb end.
6)We're confident about Banking Licence says L&T
7)AAP govt writes to DIPP, withdraws permission for FDI funded retail stores.
Each state can decide whether it wants to allow FDI in retail,
Delhi becomes the first state to withdraw permission for FDI funded retail stores.
8)Union Minister Sachin Pilot and Party MP Arun Yadav appointed as Congress Chief in Rajasthan and MP
9)Vipul Chaudhary, Chairman of Gujarat Cooperative Milk Marketing Federation (GCMMF) that markets its
products under the Amul brand, has been removed from the post.
10)Central employees on 48 hours strike - Feb 12&13 2014
Confederation declared 48 hours nationwide strike of Central Govt Employees on 12th&13th February 2014
demanding settlement of 15 point Charter of Demands including DA Merger, Interim Relief, Inclusion of Gramin
Dak Sewaks in 7th CPC, Regularization & Revision of wages for casual labours , Date of effect of 7th CPC as
1/1/2014, Rescind the PFRDA Act etc.
11)Private sector lender Development Credit Bank Ltd will now be DCB Bank Ltd says RBI
12)EPFO decided to increase the PF Interest rate by 25 bps to 8.75% for 2013-14
13)Tata Motors launches Nano Twist with power steering starting at Rs 2.36 lakh
14)BankingUpdates : XBipartite_Settlement
As we earlier posted that formal announcement will be done by IBA on 13th Jan to meet with UFBU on 17th
Jan, IBA agreed to talk with Unions on 17th Jan 2014 to avoid STRIKE

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