The unions are protesting against the Financial Resolution and Deposit (FRDI) Bill, privatisation of banks, disinvestment in General Insurance Corporation of India (GIC Re), outsourcing of jobs in banks and other state-run insurance players and FDI in the insurance sector.
The decision to strike work was taken at a time when LIC is preparing to complete 51 per cent acquisition of the debt-ridden bank by September-end.
Showing signs of demand uptick in the economy, gross bank credit of scheduled commercial banks (SCBs) grew in double digit for the first time since demonetisation and GST implementation. According to the monthly data released ….Read More
Aadhaar Enrolment in Bank Branches by Employees- AIBEA Circular
Interim finance minister Piyush Goyal said on Friday that the government was committed to support all state-run banks and strengthen their operations, after several lenders reported a jump in net losses last month. “The government ….Read More
Come June 12, the United Forum of Bank Employees, representing the one million strong bank employees of government banks, is meeting at Chennai to decide the next course of action after the last national strike ….Read More
The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday approved the revision in wage structure and allowances of Gramin Dak Sevaks (GDS), effecting hike in the remuneration of more than 3.07 lakh Dak ….Read More