Urjit Patel Appointed As New RBI Governor
Aug 20, 2016

Urjit R Patel, an eminent economist, consultant and banker has been recently appointed as Governor of the Reserve Bank of India and will start from 4th September 2016. In his current role as a Deputy Governor of RBI, Dr. Patel looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information....

Medical Insurance Scheme for Retired Officers/Employees Hospitalization
Aug 11, 2016

Mr. S. Ramamchandran has sent a letter dated 29th July, 2016 addressed to Shri P.S.Jayakumar, MD & CEO of Bank of Baroda on the subject of non-reimbursement of medical bills submitted as per banks circular, which was issued by the bank as per MoU arrived between the bank & UFBU & IBA. Mr. Ramachandran states that it is a matter of regret, that it appears that the United India Insurance Co. has reneged on its earlier contract, and if that is the case,.....


An RBI's Ex-Governer Speaks Out
Aug 02, 2016

Dr D Subbarao's book "Who Moved My Interest Rate-Leading the Reserve Bank of India Through Five Turbulent Years" received more media attention, perhaps, because Reserve Bank of India was already under limelight for right and wrong reasons. From September 2013, leadership provided by Governor Dr. Raghuram Rajan had increased the 'Brand Value' of India's central bank.....


Major Lapses and Irregularities noticed at the time of Branch Inspection
Jul 27, 2016

Mr. Pannvalan has created a really detailed checklist for getting all the major lapses and Irregularities at the time of Branch Inspection. The readers of ABS are free to download the checklist for their use.....


Highlight of the week

DA Change for Bankers from August 2016 - 3.5% Increase
Jul 31, 2016

Based on the above calculations the revised DA is to be @ 45.50%, for the months of August 2016 to October 2016. [The DA for May 2016 to July 2016 was 42.00%] i.e. increase of 3.50%. (increase of 35 slabs)

DA for Retired Bankers from August 2016 to January 2017
Aug 07, 2016

We have updated the DA for Retired Bankers. Please click the link to see the details.

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