The meeting held on 20th November 2013 by UFBU at Chennai decided to launch agitation programme to early settlement of demands. They decided that One day nationwide strike will be observed on 19th December 2013. The UFBU will meet on 23rd December 2013 to chalk out further action to be taken.
For Wage settlement issues and other banking related matters your can visit below mentioned website;
Monday, November 25, 2013
Tuesday, October 29, 2013
Bank of Maharashtra reported disappointing results with 90% growth in its Gross NPA at Rs.2450.48 crore (YoY) and 71.78% decrease in its Net Profit at Rs.46.85 crore (YoY). The Non-Interest Income grew 3.31% at Rs.183.07 crore. Net NPA stood at 1.76% compared to 0.88% YoY. The Capital Adequacy Ratio stood at 10.71%.
Tuesday, October 22, 2013
Yes Bank announced its second quarter results today. The Net Profit of the bank grew 21.3% to Rs.371.1 crore (YoY). Non Interest Income (NII) grew to Rs.446.1 crore with growth of 61.2% (YoY). The gross NPA of the bank stood at 0.28% while Net NPA stood at 0.04%. The Return on Equity stood at 23.1% and Return on Assets stood at 1.5%.
The Total Advances of the bank stood at Rs. 47717 crore while deposits stood at Rs.67575.1 crore as on 30 September, 2013. Current and Savings Account (CASA) deposits stood at Rs. 13776 crore taking the CASA ratio to 20.4%.
Friday, October 11, 2013
Monday, October 07, 2013
Arundhati Bhattacharya is the new Chairperson of State Bank of India. 57 years old Arundhati Bhattacharya assumed office today only. She will head the bank for 3 years. She is also the first chairperson of the Big Brother of Indian Banks, State Bank of India. She was working as Manging Director and Chief Financial Officer of the bank prior to elevation.
Sunday, October 06, 2013
Almost 11 months have passed since the new wage settlement is due for nearly 10 lakh bank employees but still no headway is reached till date. The only item that UFBU and IBA has agreed till date is on Merger of DA. With the elections fast reaching this tortise walk will only delay the wage talks. Its high time that UFBU and its members take serious view and stern steps to clinch the settlement for its eager members. The next round of wage negotiation is fixed on 11th October 2013.
Tuesday, October 01, 2013
Today IDBI Bank is celebrating its 10th Foundation Day. Previously it was an financing body for development of Industries known as Industrial Development Bank of India. Converted to general bank and changed name to IDBI Bank. As the government holds 51% shares of the bank its public sector bank. But it is working as private sector bank only.Fruitful 9 years of dedicated service to the nation has been rendered. We congratulate the bank on its 10th foundation day.