Expected Bank DA from May, 2025

Expected DA calculation updated on 01-04-25 on the basis of CPI announced by the GOI for the month of Feb.'25 and with the assumptions of CPI for the month of Mar.'25 as mentioned hereunder.The CPI for the month of February, 2025 announced on 01-04-2025 as 142.80...

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IBPS Clerk Result 2025 Released, Check Selection - Vacancy wise in PSU Banks

The results of the 2025 Clerk Recruitment Exam have been made public by the Institute of Banking Personnel (IBPS).  11,830 applicants were chosen for the Clerk position.  The position was previously open for the hiring of 6,128 clerks.IBPS Clerk Mains...

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Latest Update on Privatisation of Public Sector Banks

The government's intention to privatize two public-sector banks (PSBs) has reportedly been put on hold. The Indian government recently declared its intention to privatize a number of public sector banks. However, since the PSU Banks are now profitable and have...

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PLI Scheme for Senior Officers in PSU Banks Put on Hold

 There is a lot of talk about the new PLI scheme that banks have created for senior personnel. A few days ago, UFBU wrote to IBA requesting that banks delay the introduction of the new PLI scheme. The IBA has now been directed by the Chief Labour Commissioner...

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RBI imposes Penalty on this PSU Bank for irregularity in Savings Accounts

 For not adhering to certain RBI regulations, Punjab & Sind Bank has been fined ₹68.20 lakh by the Reserve Bank of India (RBI). The penalty was imposed in accordance with Sections 47A(1)(c), 46(4)(i), and 51(1) of the Banking Regulation Act of 1949.Based...

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Government Approves New Senior Level Posts in Public Sector Banks

The Government of India has authorized the establishment of new senior-level roles in Public Sector Banks (PSBs), a major move intended to bolster the banking industry.  It is anticipated that this action will improve asset management, increase the effectiveness...

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