Expected Bank DA for Next Quarter Ended Jan 2019

Expected Bank DA for Next Quarter ended Sep 2018

Expected Bank DA from November 2018 to January 2019

CPI (IW) BY 2001=100 for September 2018 = 301

After releasing the All India Consumer Price Index(IW) for the month of September 2018, Dearness Allowance payable to Bank Staff and Officers for next quarter from 1st November 2018 to 31st January 2019 almost decided to increase 607 Slabs.

The calculation worked out as per 10th BPS and given below for your information…

M/Y	JUL-2018	AUG-2018	SEP-2018
CPI(IW) BY2001=100	301	301	301
Conversion	6870.60	6870.60	6870.60
Slabs	—	—	607
DA %	—	—	60.7%

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Rift between RBI and Central Government – BEFI

Rift between RBI and Central Government – BEFI

RIFT BETWEEN RBI AND THE CENTRAL GOVERNMENT

BANK EMPLOYEES FEDERATION OF INDIA

NARESH PAUL CENTRE 

53 Radha Bazar Lane, (1st Floor), Kolkata – 700 001 

e-mail: pradipbefi@yahoo.co.in Website: www.befi.in 

(Ph):033- 2225-4414/2236-5108 (M) 9433144271 

Fax: 033-2236-5109/2242-0690

Press Statement issued on 30th October 2018 by Shri Pradip Biswas, General Secretary, Bank Employees Federation of India, at Kolkata,

ON THE RIFT BETWEEN RBI AND THE CENTRAL GOVERNMENT

We are disgusted, rather alarmed, at the public show of rift between the Reserve Bank of India (RBI) and the Central Government in recent months.

Based on the recommendation of the Royal Commission on Indian Currency and Finance (1926), as conceptualised by Dr. B.R.Ambedkar in his famous book, “The problem of the Rupee – its origin and its solution”, RBI was established in 1935 to take care of the financial troubles in the aftermath of the First World War. Since then it has been in charge of managing and regulating the currency and credit system, the monetary policy and foreign exchange reserves of the country; it also acts as the Banker to the Central and State Governments and exercises supervisory and regulatory controls over the Banking System.

True to its policy of decimating all constitutional and other public institutions to suit its political agenda, the present dispensation at the centre has been out to undermining the autonomy and authority of RBI in all conceivable ways. It all started with the formation of the Monetary Policy Committee, in 2016, with three members nominated by the Centre, so as to gag the RBI’s absolute say in the matter of deciding interest rates. Then came the most ill-conceived demonetisation which, the RBI claimed to have been handed out to it by the Centre, a clear case of usurpation of authority of RBI in the matter of currency management.

To make RBI fall in line, Sri Nachiket Mor, a Director on the Board of RBI, was then removed more than two years before his term was to expire; at the same time, Sri S. Gurumurthy and Sri S. Marathe, having RSS-links, were inducted into the Board much to the displeasure of the Govornor. Then it has been flexing its muscles on the issues of management of Bad Loans (called NPA) of Banks and Prompt Corrective Action (PCA) thereagainst.

There are tussle, also, over Special Window for Dollar Sales to Oil Companies, over funding of Non-Banking Financial Companies, over formation of a separate Payment Regulator etc. To top it all, the Centre wants the RBI to transfer its reserves to the central exchequer; while RBI has made a pay-out of a whopping Rs.30,000/- crore this fiscal, the Centre demands at least Rs.66,000/- Crore which the RBI has declined. The list is almost unending but having one single objective of decimating the Reserve Bank of India, the Central Bank of the country.

While we do not subscribe to all the decisions of RBI at all times, there is no denying that the firm intervention by RBI has saved our economy from many a crisis, the latest being the global financial meltdown of 2008; we firmly believe that undermining RBI would, in its wake, bring about a costly disaster for our economy.

We, therefore, demand that the authority, autonomy and independence of RBI be further strengthened so as to enable it exercise more and stringent supervisory and regulatory control over the banking and monetary system in the best interest of our country.

For favour of circulation/broadcasting/telecasting through your esteemed media.

(Joydeb Dasgupta) 

Secretary

Source: BEFI

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Renewal of Medical Insurance Scheme – IBA Circular dt. 10.10.2018

Renewal of Medical Insurance Scheme – IBA Circular dt. 10.10.2018

Renewal of Medical Insurance Scheme for Retirees as agreed vide Bipartite Settlement/Joint Note Dated 25th May, 2015

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No. CIR/HR&

IR/BRK/2018-19/6037

9th October 2018

CEOs of All member banks party to 10th Bi-partite Settlement/Joint Note dated 25.5.2015

Dear Sir/Madam, 

Renewal of Medical Insurance Scheme for Retirees as agreed vide Bipartite Settlement/Joint Note Dated 25th May, 2015

We invite your attention to our letter CIR/HR&IR/2015-16/XBPS/J/1413 dated 1st October, 2015, in terms of which banks were advised to extend the Group Medical Insurance Scheme to retirees also subject to payment of stipulated premium by them. Said Scheme is optional for retirees.

2. Thereafter, the Policy has been renewed for the year 2016-17 & 2017-18 and the current Policy is expiring on 31.10.2018.

3. IBA vide its letter 16th July, 2018 called quotes from all Public Sector Insurance Companies and SBI General Insurance Co., who were the co-insurer of the existing Policy.

4. In response to our letter Oriental Insurance Co., National Insurance Co., & SBI General Ins. Co. did not submit any quote for the Retirees policy. United India Insurance Co. & New India Assurance Co. submitted quotes as per Table below :-

	Retirees option 1 (Without Domiciliary)		Retiree option 2 (With Domiciliary)
2018-19 (Proposed for renewal)	Award staff	Officer	Award staff	Officer
UIIC	21,973	29,295	57,391	76,516
New India Insurance	23,000	30,500	58,500	77,500

5. As there was a proposed hike of 110% & 144% in the quotes for renewal of the Medical Insurance Policy without domiciliary and with domiciliary respectively, the matter was immediately taken up with UIIC who was L1 to re-examine and reduce the same.

6. With great persuasion and concerted effort made by the IBA, UIIC has revised the quote vide its letter dated 6.10.2018.

7. On the suggestions made by UFBU, UIIC gave option for sum insured i.e. Rs. 4 laksh / Rs. 3 Lakhs for Officers & Rs.3 Lakhs/ Rs. 2 Lakhs in case of Workmen. The insurance premium increase now quoted by UIIC after revision is 75% (earlier 110%) for without domiciliary and 123% (earlier 144%) with domiciliary (Annexure I)

8. Since, the Medical Insurance Policy for Retired Officers/Employees is optional, we request all the member banks to seek consent and collect premium from the interested retiree Officers/Employees as per the option chosen by them for renewal of the Policy with UIIC, with the same terms and conditions mentioned in the aforesaid letter of UIIC.

9. However, Banks are free to take up the Policy renewal by seeking quotes from any other Insurance Companies if the Banks decides to do so at their level.

10. We once again advise that as mentioned in our letter dated 7th June, 2018, banks may require to allocate some separate manpower to address claims by following up directly with TPAs/Insurance Cos as the services of broker are not available.

11. We enclose the revised premium quote received from UIIC (Annex II) for your ready reference.

Yours faithfully, 

B Raj Kumar

Deputy Chief Executive

Annexure I

Retirees Policy Renewal Quotes***	Renewal Quote provided by UIIC vide letter 2.7.18		Final Quotes received from UIIC vide letter dated 6.10.18 after rigorous persuasion by IBA**
	Without Domiciliary (Rs.)	With Domiciliary (Rs.)	Without Domiciliary (Rs.)	With Domiciliary (Rs.)
Officers (Sum Insured Rs. 4 Lakhs)	29295 (110%)*	76516 (144%)*	24400 (75%)*	69808 (123%)*
Award Staff (Sum Insured Rs. 3 Lakhs)	21973 (110%)*	57931 (144%)*	18301 (75%)*	52359 (123%)*
*** Above Quotes are exclusive of GST
** The Room Rent has been revised to Rs. 4000 per day
* Premium Increase over Previous Year i.e. 2017-18

View order
 Source: http://www.iba.org.in/

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Wage Talks with IBA – One More Mere Routine Exercise

Wage Talks with IBA – One More Mere Routine Exercise

WAGE TALKS WITH IBA – ONE MORE MERE ROUTINE EXERCISE. ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.22/VII/2018

October 14, 2018

TO

ALL AFFILIATED UNITS / STATE COMMITTEES

Comrades,

WAGE TALKS WITH IBA – ONE MORE MERE ROUTINE EXERCISE.

IBA has invited the nine organizations for a meeting at Mumbai on 12th October 2018 at 12.00 noon.

2. Preceding the meeting with IBA, on 11/10/2018, four officers’ organizations met at INBOC office at 4.45pm, to decide the collective and consensus approach of the organizations on IBA’s proposal of introduction of variable pay in one form or other in the present discussion itself. Amongst us, it has been decided to prioritize the issues: 1. Fractured Mandate; 2. Merger of Banks; 3.Expeditious conclusion of wage talks and 4.Focus on core banking activities and stop misselling of third party products. There are other issues like up-dation of pension, Family Pension and Recruitment of adequate workforce in the Industry. AIBOA was represented by Com.V.Ramabhadran, Convenor, Wage Committee, Com.V.Viswanathan President, AIBOA (MSC), along with the undersigned.

3. The representatives of the nine constituents met in the IBA office as per the requirements of the situation by preponing the meeting scheduled to be held on 14th at Mumbai to 12th at 09.30 hrs, at IBA office. AIBOA was represented by Com.Narendra Kotiawala, DGS, Com.V.Ramabhadran, Secretary, AIBOA along with the undersigned. The meeting commenced a bit late but the decision was unanimous on rejecting the proposal of the IBA on introduction of fixed and variable pay as part of current wage talks. On Merger of three banks, the discussions were inconclusive, as the time scheduled for discussion was at 12.00 hrs.

4. The IBA team was led by Shri. G.Rajkiran Rai, MD&CEO Union Bank of India, Shri.Prashant Kumar, CFO, SBI, Shri.V.G.Kannan CEO IBA, Shri.B.Raj Kumar Dy.CEO IBA, Shri.S.K.Kakkar Sr.Advisor HR&IR IBA, Shri.K.S.Chauhan and other officials of the HR Department participated in the exercise. Shri. R.K. Takkar Chairman Negotiating Team IBA, MD & CEO UCO Bank, and Shri Shyam Srinivasan MD&CEO Federal Bank were on Video Conference mode. The nine unions’ representatives were present in the discussions.

5. In the 90 minutes exchange of expressions between both parties came to an end with the following candid collective and consensus conclusions from 9 unions side to the IBA stand.

· IBA’s earlier offer of 6% on Pay slip Components made on 30th JULY 2018 should be enhanced substantially.

· Introduction of linkage of Pay with Return on Assets[ROA] and also on Operating Profit has been rejected in toto.

· The managements of SBI,BOB,PNB, UNION BANK AND INDIAN BANK should be prevailed upon by IBA as per the advice of CLC to revise their stand to cover all seven scales, as in the past.

6. It has been also made clear that there is every possibility of entering into confrontation mode because of the rigid approach of the IBA.

7. In the post lunch session, the adjourned meeting of the nine constituent unions commenced to transact the remaining issues for arriving at a decision. The representatives of INBOC and NCBE too expressed their organizational stand on merger of Banks. At the end, it was decided to escalate the resistance level in a gradual and sustained manner by the unions culminating in two days strike in the winter session of the Parliament.

8. In our assessment, struggles are the only available avenue to move forward to secure a reasonable wage hike, as the workforce collectively worked to give a substantial gross profit in the year ended 2017 and 2018.ONWARD

MARCH TO STRUGGLES AGAINST THE MERGERS , 

FRACTURED MANDATE AND 

RESPECTABLE WAGE REVISION 

LINKING TO RISK, RESPONSIBILITY, 

ACCOUNTABILITY AND TRANSFERABILITY.

Yours comradely, 

S.NAGARAJAN. 

GENERAL SECRETARY

Source: AIBOA

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Insurance Backed Hospitalization Scheme – AIBOA

Insurance Backed Hospitalization Scheme

ALL INDIA BANK OFFICERS’ CONFEDERATION

ALL INDIA BANK OFFICERS’ ASSOCIATION

ALL INDIA BANK OFFICERS’ CONGRESS

NATIONAL ORGANISATION OF BANK OFFICERS

12.10.2018

The Chief Executive Officer

Indian Banks Association 

World Trade Centre Cuffe Parade 

Mumbai

Sir,

REG : INSURANCE BACKED HOSPITALISATION SCHEME

We refer to the IBA’s Health Insurance Policy renewed by the member banks, as advised by you after negotiating with UIICL, for the year from 01.10.2018 to 30.09.2019. We understand that in the renewed policy, the insurance company has reduced the Room Rent / Bed Charges ceiling from Rs.5000/- to Rs.4000/- per day.

You will appreciate that the officers are eligible for the hospitalization facility in terms of the Joint Note dated 25.05.2015 signed between the IBA and the four Officers’ organizations. As per the said Joint Note, the officers are eligible for reimbursement of Room Rent / Bed charges upto Rs.5000/- per day, the natural sequel of which is the eligibility for the class of treatment attached to the eligible class of room.

It is true that in the meeting held on 14.09.2018 IBA had proposed to reduce the Room Rent ceiling from Rs.5000/- to Rs.4000/- per day, as IBA had felt that all other hospital charges are linked to room rent and if room rent eligibility is reduced to Rs.4000/- per day all other expenses relating to hospitalization would automatically reduce there by reducing the insurance claims and the claim ratio. We did not give any consent to the IBA’s proposal on that day.

Subsequently vide our letter dated 18.09.2018, all the four Officers’ Organizations informed you that the IBA’s proposal is not acceptable to us and we are not agreeable to any reduction in Room Rent / Bed Charges. Hence we are surprised that in spite of our said communication, IBA has gone ahead with reducing the Room Rent / Bed Charges ceiling from Rs.5000/- per day to Rs.4000/- per day for officers also.

You will appreciate that by reducing the Room Rent ceiling, you are not merely reducing the hospitalization bill but you are basically reducing the eligible class of treatment for the officers. Hence the reduction of Room Rent / Bed Charges ceiling to Rs.4000/- per day for officers is not acceptable to us.

As mentioned by us in the letter dated 18.09.2018, till 10th Bipartite settlement the officers were eligible for Room Rent / Bed Charges upto 125% of the eligibility of award staff and thus were eligible for higher class of treatment. In 10th Bipartite Settlement, the workman were made eligible for the Room Rent at par with the officers there by providing them the same class of treatment as applicable to the officers. The increase in the hospitalization bills, which is the reason given by IBA for suggesting reduction in room rent, may be due to the decision of IBA to provide medical facility to the workman at par with officers in 2015.

While we do not have any grouse against providing medical facility to the workman at par with the officers, you will appreciate that it is not fair on the part of IBA and the Banks now to reduce the eligible class of treatment for the officers because of the increasing hospitalization bills. Hence, we urge you to restore the Room Rent ceiling for officers to earlier limit of Rs.5000/- in terms of our Joint Note dated 25.05.2015.

Sir, as you are aware that the entire premium on the insurance policy of serving employees is paid by the bank and hence we had no reason to have any meeting with you to discuss on the increase/ decrease in premium by the insurance company for the serving employees, our main concern was to discuss the policy of the retirees. The main purpose of our meeting was to find out the ways and means to reduce the burden of premium on the retirees who are required to pay the insurance premium from out of the meager amount of pension received by them. In this connection, we had suggested that the premium should be composite and not segment wise i.e. the premium for the serving employees and the retirees should be the same and that the premium of the retirees should be borne by the bank in the same manner as the banks are reimbursing the medical expenses to the Ex MDs and Ex EDs. We had also made several other suggestions. But from your communication sent to the member banks on 09.10.2018 we find that except for our suggestion to provide flexibility in the insured amount, no concrete steps to make the health insurance affordable to the retirees and to reduce the burden on them seems to have been taken by the IBA.

We urge you to restore the Room Rent ceiling at Rs.5000/- per day to the officers in terms of the Joint Note dated 25.05.2015 and honor bilateralism.

Yours sincerely,

AIBOC – 

General Secretary

AIBOA – 

General Secretary

INBOC – 

General Secretary

NOBO – 

General Secretary

Source: AIBOA

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Canara Bank Recruitment 2018: 450 Probationary Officers

Canara Bank Recruitment 2018: 450 Probationary Officers

Application Starts on 23rd October 2018 

Last Date for Apply Online 13th November 2018

Schedule of Events	Date
Payment of Application Fee / Intimation Charges	From 23.10.2018 to  13.11.2018 [both days inclusive]
Opening Date and closing date for on-line registration in Website
Download of call letter for online test (tentative)	After 05.12.2018
Date of online test (tentative)	23.12.2018

RECRUITMENT OF PROBATIONARY OFFICERS IN JUNIOR MANAGEMENT GRADE SCALE-I ON SUCCESSFUL COMPLETION OF SPECIALLY DESIGNED POST GRADUATE DIPLOMA IN BANKING & FINANCE (PGDBF) COURSE

Canara Bank, a leading Public Sector Bank with Head Office in Bengaluru and global presence with over 6300 branches, invites ON-LINE APPLICATIONS, from the eligible candidates to apply for admissions to the specially designed One year training course leading to Post Graduate Diploma in Banking and Finance (PGDBF) either through Manipal Global Education Services Pvt Ltd., Bengaluru or NITTE Education International Pvt Ltd., Greater Noida, which are recognized by UGC.

The course comprises of 9 months of classroom studies and 3 monthsinternship at Canara Bank’s Branches / Offices.

This one year full-time PGDBF course will be conducted either at Manipal Global Education Services Pvt Ltd, Bengaluru campus or NITTE Education International Pvt Ltd. Greater Noida campus.

The programme is fully residential during 9 months classroom studies and the selected candidates should necessarily stay in the campus

Candidates will be selected for admission to the course at either of the above two institutes through selection process consisting of online objective test followed by Group Discussion and Personal Interview. On successful completion of the course, candidates will be awarded with “Post Graduate Diploma in Banking and Finance (PGDBF)” from that institute and the candidates would be offered appointment in the Bank as Probationary Officer in Junior Management Grade Scale-I.

Eligible candidates can apply ON-LINE through link given in our Bank’s website www.canarabank.com. No other means / mode of Application will be accepted. Please read this advertisement carefully and ensure your eligibility before paying fees / submitting on-line application.

Click to View Notification

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Summary of Bank Bipartite meeting on 12th October 2018

Summary of Bank Bipartite meeting on 12th October 2018

No such breakthrough as expected did happen in the meeting between Bank Unions and IBA.

In today’s discussion, Union reiterated that offer of 6% increase should be substantially improved.

Performance linked pay should be delinked from age revision. IBA repeated their proposal that wage increase should linked to paying capacity.

Also Check: Latest Bank Employees News

Unions rejected IBA’s proposal and informed that if IBA does not change their stand, it will lead to confrontation and agitation.

Source: https://paycommissionupdate.blogspot.com

*In today’s discussion with IBA* UFBU reiterated

1. Their offer of 6% should be substantially improved. 2. Performance Linked Pay should be delinked from wage revision. 3. Resolution of mandate issue.

IBA repeated their proposal that wage increase should linked to paying capacity. We have rejected and informed that if IBA does not change their stand it will lead to Confrontation and Agitation. Circular follows.

SK Bandlish , Convenor/ UFBU

Source: http://banknewskumar.blogspot.com/

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SSC Phase-VI Selection Post 2018 – Last Date 12.10.2018

SSC Phase-VI/2018 Selection Posts – Last Date Extended to 12.10.2018

F.No.15/7/2017-RHQ 

GOVERNMENT OF INDIA 

STAFF SELECTION COMMISSION

SHORT NOTICE

Subject: Phase-VI/2018 Selection Posts – extension of the closing date for submitting applications till 12.10.2018.

The Commission has been receiving complaints from candidates about technical issues being faced by them in filling up online applications. Hence, in the interest of the candidates, it has been decided by the Commission to extend the closing date for receipt of applications for Selection Posts Phase-VI/2018 by one more week i.e. from 06-10-2018 to 12-10-2018 (5.00 PM).

2. Payment of fees through challan of SBI only, will now be accepted by the Commission within the working hours of the Bank upto 15-10-2018, provided the challan has been generated before 5.00 PM of 12-10-2018.

3. It may be specifically noted that no further extension of time will be given beyond 12-10-2018 (5.00 PM) for submission of online application forms for the said Examination.

Under Secretary (RHQ)

 04-10-2018

Source: https://ssc.nic.in

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Bank Wage Revision – Discussions with IBA on 29.9.2018

Bank Wage Revision – Discussions with IBA on 29.9.2018 ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.20/VII/2018

October 1, 2018

TO ALL AFFILIATED UNITS / STATE COMMITTEES

Dear Comrades,

WAGE REVISION – DISCUSSIONS WITH IBA.

OPERATING PROFITS AND RETURN ON ASSETS

ARE THE KEY FACTORS LEADING TO BANKWISE SETTLEMENT.

The discussion on wage revision, which was delayed by a month, was held at IBA office on 29th September 2018 in the forenoon.

The Chairman, Negotiating Team, Shri.R.K.Takkar, was on Video Conference, as he was recouping after a brief hospitalization. Shri. Prashant Kumar CFO SBI, Shri.Rajkiran Rai, Chairman, Union Bank Of India, Shri. Shyam Srinivasan, MD&CEO, Federal Bank ,Shri.V.G.Kannan CEO IBA, Shri.B.Raj Kumar, Dy.CEO,IBA, Shri.S.K.Kakkar Sr.Advisor ,Shri.K.S.Chauhan Advisor HR&IR, and other officials of HR department of IBA. The representatives from nine constituents attended the meeting.

2.While initiating the dialogue, Chairman Negotiating Team, was categorical that the earlier offer of 6% on Payslip components stands, however enhancing across the board uniformly to all banks may not find favour. As a via media, it was suggested by Shri.Prashant Kumar, CFO SBI, to go through the contents presented through power point presentation. The details are broadly as under;

• Performance linked compensation will be incorporated;
• The value will be over and above the increment agreed in the bipartite settlement.
• Will be computed annually after declaration of annual financial results.
• Operating Profit and Return on Assets are the key metrics.
• Payout rate to be related to performance based tiring.

3. It was reiterated that the offer made earlier should be substantially raised. In turn IBA suggested to the unions to study the document presented through power point presentation and if any alternatives are there, they expressed that they are prepared to discuss the same further with the representatives.

4. While Chairman Negotiating Team, reiterated that the negotiations for officers are confined upto Scale III only, all the four officers organizations have categorically expressed that negotiations should cover all the seven scales and appealed to IBA to follow up with the five Banks, as they had taken up earlier with Six banks after CLC suggestion in the end of May,2018.

5. MERGER OF DA; As per the past practice the merger of D.A for construction of new scales, the proposal to merge 6352 points was suggested. The reaction from IBA is awaited.

We shall keep you informed the developments.

Yours comradely 

sd/- /

S.NAGARAJAN/ 

GENERAL SECRETARY

Source: http://www.aiboa.org

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Observe Work Life Balance – AIBOC/AIBOA/INBOC/NOBO

Observe Work Life Balance – AIBOC/AIBOA/INBOC/NOBO

“It has been decided to call upon all our Officers not to attend/respond to the ‘official’ SMS/WhatsApp messages, received from their Controlling Authority/Zonal Heads between 8pm and 8am”

JOINT APPEAL TO ALL MEMBERS FROM FOUR OFFICERS’ ORGANISATIONS ON WORK – LIFE BALANCE

ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC) 

ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA)

INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC) 

NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)

Date: 29th September, 2018

To All Affiliates (For Circulation)

To All Affiliates of AIBOC/AIBOA/INBOC/NOBO

Dear Comrades,

Observe Work-Life-Balance, in letter and spirit

You are aware that the officers fraternity has been subjected to enormous stress due to ever increasing workload, inadequate staff, continuous pressure from multifarious controllers, over-ambitious targets, mis-placed business priorities, extended working hours et al. This has taken a heavy toll on the efficiency level and is the root cause of frustration and anxiety disorder resulting in depression, helplessness and life-style diseases viz Diabetes, High BP and Cardiac problems etc. Officers are constantly receiving SMS and instructions over WhatsApp messages even at odd hours. This has adversely affected their social and family life. Banking system has forgotten that an Officer is just not an employee of the Bank, but also a spouse/son/father/mother and an integral part of society. This situation has become intolerable as we find Officers are virtually chained to their official duties and have no respite, even while at home.

Work-Life-Balance is the need of the hour. Many top global companies are addressing this sensitive issue through various measures. State Bank of India has issued a comprehensive instruction addressing the need for a Work-life balance. However, the ground reality almost in every institution is that majority of the officers are stressed and do not have a work-life balance, which is attributed specially to the instructions received through SMS and WhatsApp.

All four officers’ organisations have unanimously decided to address this menace. It has been decided to call upon all our Officers not to attend/respond to the ‘official’ SMS/WhatsApp messages, received from their Controlling Authority/Zonal Heads between 8pm and 8am.

We urge upon our members to respond to our clarion call and implement the instructions in letter and spirit forthwith.

Yours comradely,

General Secretary – AIBOC 

General Secretary – AIBOA 

General Secretary – INBOC 

General Secretary – NOBO

Source: http://aisbof.org

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Bank DA Expected to Go Up with 65 Slabs

Bank DA Expected to Go Up with 65 Slabs

All India Consumer Price Index Numbers for the month of August 2018 has been published by the Labour Bureau last week. The index stands constant at the same level of 301.

Last month the AICPIN was unexpected 10 points hike and stood at 301. Continuing the trend will follow for next month also..

We expect the Bank Dearness Allowance may go up with 65 Slabs for next quarter from November 2018 to January 2019.

Try our simple calcualtor for arriving DA % with input of your own AICPIN for next month.

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Employment News Sep 2018: Job Highlights

Employment News Sep 2018: Job Highlights

JOB HIGHLIGHTS

INSTITUTE OF BANKING PERSONNEL SELECTION 

Name Of Post : Clerks in Participating Organisations (CRP Clerks-VII) 

No.of Vacancies : 7000

Last Date :10.10.2018

NUCLEAR POWER CORPORATION OF INDIA LIMITED 

Name Of Post : Stipendiary Trainees

  No.of Vacancies : 122

Last Date :31.10.2018

THE NATIONAL SMALL INDUSTRIES CORPORATION LTD. 

Name Of Post : Chief Manager, Deputy Manager, Assistant Manager etc 

No.of Vacancies : 99

Last Date :25.10.2018

EAST COAST RAILWAY, ODISHA 

Name Of Post : Sports Persons against Sports Quota in East Coast Railway

No.of Vacancies : 21

Last Date :29.10.2018

NARTHERN COALFIELDS LIMITED 

Name Of Post : Staff Nurse, Technician (CT Scan, MRI T and S Trainee)

  No.of Vacancies : 53

Last Date :12.12.2018

रोजगार सारांश

आईबीपीएस द्वारा पद का नाम : लिपिकों की भर्ती 

रिक्तियों की संख्या : 7000 

अंतिम दिनांक :10.10.2018

न्यूक्लियर पावर कॉर्पोरशन लिमिटेड को 

पद का नाम : प्रशिक्षुओं हेतु आवश्यकता 

रिक्तियों की संख्या : 122 

अंतिम दिनांक :31.10.2018

नेशनल स्मोल इंडस्ट्रीज कॉर्पोरशन लिमिटेड को 

पद का नाम : मुख्य प्रबंधकों, उप प्रबंधकों और सहायक प्रबंधकों हेतु आवश्यकता

 रिक्तियों की संख्या : 99 

अंतिम दिनांक :25.10.2018

पूर्व तट रेलवे में 

पद का नाम : खेलकूद कोटा (खुली विज्ञप्ति) के अंतर्गत खिलाडियों की भर्ती 

रिक्तियों की संख्या : 21

 अंतिम दिनांक :29.10.2018

नॉर्दन कोल्फिड्स लिमिटेड को 

पद का नाम : स्टाफ नर्स, तकनीशियन (सीटी स्कैन, टी और एस प्रशिक्षु हेतु आवश्यकता 

रिक्तियों की संख्या : 53 

अंतिम दिनांक :12.12.2018

Source : http://employmentnews.gov.in/

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SSC Phase VI Selection Posts Recruitment – Last Date Extended

SSC Phase VI Selection Posts Recruitment – Last Date Extended

Phase-VI/2018 Selection Posts – extension of the closing date for submitting applications till 05.10.2018

F. No. 15/7/2017-RHQ

GOVERNMENT OF INDIA 

STAFF SELECTION COMMISSION

SHORT NOTICE

Subject: Phase-VI/2018 Selection Posts – extension of the closing date for submitting applications till 05.10.2018.

The Commission has been receiving complaints from candidates about technical issues being faced by them in filling up online applications. Hence, in the interest of the candidates, it has been decided by the Commission to extend the closing date for receipt of applications for Selection Posts Phase-VI/2018 by one week i.e. up to 05-10-2018 (5.00 PM).

Check more details of SSC Various Selection Post 2018 Phase VI

2. Payment of fees through challan of SBI only, will now be accepted by the Commission within the working hours of the Bank upto 08-10-2018, provided the challan has been generated before 5.00 PM of 05-10-2018.

3. Accordingly, the computer based examinations for Selection Posts Phase –VI/2018, which were earlier scheduled to be held on 27th October, 2018 (Matriculation Level), 29th October, 2018 (Higher Secondary Level) and 30th October, 2018 (Graduation Level), are being revised. The revised dates of the said examinations will be notified later.

Under Secretary (RHQ)

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IBPS CRP Clerks-VIII 2019-20 | Apply Online

IBPS CRP Clerks-VIII 2019-20 | Apply Online

Institute of Banking Personnel Selection 

COMMON RECRUITMENT PROCESS FOR RECRUITMENT OF CLERKS IN PARTICIPATING ORGANISATIONS (CRP CLERKS-VIII for Vacancies of 2019-20 )

The online examination (Preliminary and Main) for the next Common Recruitment Process for selection of personnel for Clerical cadre Posts in the Participating Organisations is tentatively scheduled in December 2018 & January 2019.

Application Process Begins: 18.9.2018 

Last Date to Apply: 10.10.2018 

Total Vacancies: 7275

Click to view Official Notification for more details…

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Finmin Clarified about Bank Holidays on Social Networks

Finance Ministry Clarified about Bank Holidays on Social Networks

Banks will remain open and banking activity will continue unimpeded in the first week of September

Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September ; Monday, 3rd September is not a pan India holiday

ATMs in all States will be fully functional; Banks advised to ensure availability of sufficient cash for dispensation from ATMs

It has come to notice that a rumour is circulating in several sections of the social media that banks will be closed for 6 days in the first week of September 2018, causing undue panic among the general public.

It is hereby clarified that banks will remain open and banking activity will continue unimpeded in the first week of September. Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September. Monday, 3rd September is not a pan India holiday and banks only in some States where a holiday is declared under the Negotiable Instruments Act, 1881 will remain closed.

Even on those days, ATMs in all States will be fully functional and there will be no impact on online banking transactions. Banks have been advised to ensure that sufficient cash is available for dispensation from ATMs. Banks will remain open on all other days.

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SBI Probationary Officers (PO) Main Result 2018 Declared

SBI Probationary Officers (PO) Main Result 2018 Declared SBI Probationary Officers (PO) Main Result 2018

The State Bank of India (SBI) has declared results of Probationary Officers (PO) Main examination 2018.

Candidates who have cleared the examination held on 04th of August will now have to appear for Group Discussions (GD) and Personal Interviews (PI).

Candidates who had clear the online preliminary exam, the results for which were declared on July 17, were called for the online main examination.

Check Your Results Here…

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Expected Bank DA for Aug to Oct 2018

Expected Bank DA for Aug to Oct 2018

Expected Bank DA from August 2018 Calculator

Expected DA Calculator from August to October 2018 for Bank Employees

Click here to Calculate

Year	Payable for the months	Average CPI	No. of slabs	% of pay
2018	May June July	6559	529	52.9
2018	Feb March April	6551	527	52.7
2017	Nov Dec 2017 & Jan 2018	6505	516	51.6
2017	August September October	6353.21	478	47.8
2017	May June July	6261.91	456	45.6
2017	February March April	6315	469	46.9
2016-17	Nov Dec Jan	6353	478	47.8
2016	Aug Sep Oct	6261.9	455	45.5
2016	May June July	6117	420	42
2016	Feb Mar Apr	6147	426	42.6
2015-16	Nov Dec Jan	6033	398	39.8
2015	Aug Sep Oct	5896	364	36.4
2015	May Jun Jul	5790.17	738	110.7
2015	Feb Mar Apr	5774.95	734	110.1
2014-15	Nov Dec Jan	5767	732	109.8
2014	Aug Sept Oct	5569.52	683	102.45
2014	May Jun Jul	5432.56	650	97.5
2014	Feb Mar Apr	5501.04	666	99.9
2013-14	Nov Dec Jan	5402.13	641	96.15
2013	Aug Sept Oct	5211.91	593	88.95
2013	May Jun Jul	5082.57	561	84.15
2013	Feb Mar Apr	4976.05	535	80.25
2012-13	Nov Dec Jan	4877	510	76.5
2012	Aug Sept Oct	4709	468	70.2
2012	May June Jul	4549	428	64.2
2012	Feb Mar Apr	4519	420	63
2011-12		4443	401	60.15
2011		4276	360	54
2011		4245	352	52.8
2011		4169	333	49.95
2010-11		4070	308	46.2
2010		3926	272	40.8
2010		3895.62	401	72.18
2010		3819	382	68.76
2009-10		3690	350	63
2009		3454	291	52.38
2009		3378	272	48.96
2009		3370	270	48.6
2008-09		3302	253	45.54
2008		3172	221	39.78
2008		3089	200	36
2007-08		3056	192	34.56
2007-08		3028	185	33.3
2007		2944	164	29.52
2006-07		2907.06	154	27.72
2006-07		2898.84	152	27.36
2006-07		2836	137	24.66
2006		2768	120	21.6
2006		2716.28	107	19.26
2002		2312.17	157	0
2002		2307.23	155	0
2002		2346.67	161	0
2002-2003		2391.05	174	0
2003		2386.11	178	0
2003		2400.9	177	0
2003		2450.21	188	0
2003-2004		2460.07	194	0
2004		2474.86	198	0
2004		2484.71	200	0
2004		2524.15	205	0
2004-2005		2578.38	220	0
2005		2568.53	224	0
2005		2588.25	226	0
2005		2604	79	14.22
2005-2006		2672.05	93	16.73
2006		2711.5	106	19.08

 

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