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......our answer to all your banking needs |
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Hot Talks in Banking Circles
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(Are above circles moving or is it only illusion ???. Are some of the Hot talks only illusions ??? )
Wage
Revision for Bankers-Latest Details
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28th February, 2010 : There is hot discussions going on among bankers since it has been reported that RBI Deputy Governor KC Chakravarty has now made it mandatory for promotion seekers in RBI to give an undertaking saying that they do not have any health problem or family problem. Bankers are discussing whether soon, it be extended to bankers of public sector banks also? What will constitute a health problem? Whether having High / Low Blood Pressure, Diabetes will also be considered as a health problem. Does having old parents or wife or children, who have health problems will also constitute family problem? If so, in today's time almost all bankers will be not eligible for promotions. |
Disclaimer: These items have been compiled from various sources and can not be always considered as final.
Appeal to Readers: In case you have any additional or contradictory or some news about your Bank, you can send the same to allbankingsolutions@gmail.com
Archives (These are Hot Talks, which were hosted recently, but may have actually happened or have expired or are no longer relevant)
| 27th January, 2010 : It is reported that the interviews for selection for the posts of Chairman & Managing Directors (CMDs) in public sector banks is likely to be held soon, may be as early as 1st week of February, 2010. |
| 28th January, 2010 : In is reported that our Finance Minister Pranab Mukherjee recently gave hint that next Governor of the RBI will be a woman. This has led to the speculations as to whether the present Governor of RBI will soon go? The Hot talks are going around that Governor Subba Rao may join some assignment abroad after the Budget. |
| 27th January, 2010 : Hot talks are ripe in banking circles that government is likely to relax the minimum residual service tenure to be merely 21 months for becoming the CMD in public sector banks. |
| 23rd January, 2010 : It is reported that very soon Mr. T. C. A. Ranganathan is likely to be appointed as next Chairman & Managing Director (CMD) of the Exim Bank |
| 23rd January, 2010 : In the hunt for the Vigilance Commissioner, Mr AC Mahajan, at present CMD at Canara Bank is amongst the tops contenders. |
| 10th Decembr, 2009 : It is heard that Shri TCA Ranganathan, at present Chief General Manager (CGM) is likely to be next Chairman & Managing Director (CMD) of the Exim Bank. |
| 10th Decembr, 2009 : It is heard that Shri BK Batra at present Executive Director (ED) is likely to be promoted as Deputy Managing Director (DMD) of IDBI itself. |
9th December, 2009 :
As we have reported on 5th December, 2009, finally the
following appoints of Executive Directors in various banks have been
declared.
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| 6th Decembr, 2009 : It has been reported that Shri J.P.Dua (presently working as ED in same bank i..e. Allahabad Bank) has taken over the charge of the Chairman & Managing Director (CMD) of Allahabad Bank. |
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5th December, 2009 :
It is reported that Shri Keki Mistry, who at
present is working as Vice-Chairman and Managing Director of HDFC Bak, is
likely to be succeed Shri Deepak Parekh as Chief of the HDFC
Bank on 1st January, 2010. |
| 24th November, 2009: It is heard that Mr. Bhaskar Sen, presently Executive Director (ED) in Dena Bank is soon likely to be appointed asCMD of the United Bank |
| 23rd November, 2009: It is reported that Prof Kaushik Basu is likely to assume charge as Chief Economic Advisor in early December, 2009. On assuming the charge, he will be actually succeeding Mr. Arvind Virmani who has already gone as ED in IMF. |
| 23rd November, 2009: It is heard that Mr. Ashok Dutt presently working as General Manager in Allahabad Bank is being considered for the post of Executive Director (ED) in Dena Bank. |
| 23rd November, 2009: It is heard that Mr. S. L. Bansal, presently working as General Manager in Union Bank of India is a strong contender for the post of Executive Director (ED) in United Bank. |
| 20th November, 2009: There is hot talk about merger of big banks in India. The government has asked leading public sector banks to seek mergers and acquisitions opportunities to aid the economy in increasing its GDP. Financial ministry officials met the country's top most banks' officials and asked them to start identifying strategic fits after taking into consideration the geographical and business synergies. However, most of the Bank unions are not happy with this type of consolidation. Around 4 lakh officers and employees are likely to go on a strike on 16th December to protest against the proposed merger of State bank of Indore with its parent company, State bank of India and other possible mergers in the industry. |
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20th November, 2009: CNBC-TV18 has reported that Canara Bank and Dena Bank may be merging. Canara Bank is the third largest PSU bank. The balance sheet is roughly about Rs 2 trillion in size and it has about 2,800 branches and of which most are based in Southern India and so it is looking for acquiring a bank which has presence in either North India or Western India. On the other hand, Dena Bank is smaller in size and it has presence mostly in Western India. So it makes sense for Canara Bank to acquire Dena Bnak. Also Dena Bank has slightly cleaner balance sheet and the bank also doesn’t expect much issues arising out of HR side. |
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20th November, 2009: Mr. N Shankar, who at present is working as ED in EXIM bank is likely to be elevated to the post of CMD in the same Bank |
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20th November, 2009: As reported earlier on 29th October, in these columns, now Subir Gokarn, Asia-Pacific Chief Economist of global rating agency Standard and Poor’s (S&P), and well known Economist has been appointed new Deputy Governor of the Reserve Bank of India (RBI). |
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20th November, 2009: As reported in these columns, now Mr. S,C Kalia [Executive Director with Vijaya Bank] has been appointed as ED in Union Bank of India. The vacancy had fallen vacant in wake of induction of Mr. T.Y.Prabhu as Chairman cum Managing Director(CMD) of the Oriental Bank of Commerce |
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20th November, 2009: As reported in these columns earlier, now Ms.S.A.Panse General Manager with Bank of Maharashtra has been appointed as Executive Director (ED) of the Vijaya Bank. |
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16th November, 2009: The decision regarding appointment of CMDs in four Banks, namely EXIM Bank, United Bank of India, Indian Bank and National Housing Bank is likely to be taken soon. |
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16th November, 2009: A strong current is being heard that Mr. S.C. Kalia, at present Executive Director in Vijaya Bank, is likely to be the next executive Director in Union Bank. In such a situation there is likelihood that Ms.S.A.Panse, at present General Manager in Bank of Maharashtra will be promoted as Executive Director of the Vijaya Bank |
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15th November, 2009: A strong current is being heard that Mr. S.C. Kalia, at present Executive Director in Vijaya Bank, is likely to be the next executive Director in Union Bank |
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15th November, 2009: Mr. Bhaskar Sen, at present Executive Director in Dena Bank, is tipped to be elevated as the Chairman cum Managing Director (CMD) of the United Bank of India. |
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14thNovember, 2009 : State Bank of Indore is likely to be merged with SBI before the close of current financial year. Bank unions are up in arms against the merger and have called for a strike on 16th December, 2009. However, bankers are wondering whether such a strike will be proper at a stage for such an issue when salary revision is pending and employees and officers want to go on strike only for an honourable settlement of the wages. |
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14thNovember, 2009 : A meeting to select new CMDs for United Bank of India and Indian Bank is likely to be held on 16th November, 2009. |
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10thNovember, 2009 : It is heard that the names of the appointment of 10 Executive Directors of various banks are still lying with the Appointments Committee of the Cabinet (ACC). |
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3rd November, 2009 : It is reported that Mr. Hemant Kaul has resigned from his present post of Executive Director in Axis Bank.. He is tipped to be joining as MD and CEO of Bajaj Allianz General Insurance. |
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5th December, 2009 :
The appointments of Executive Directors in various
banks are likely to be declared in a two to three days. It is
heard that the following officers are likely to be elevated to higher
posts:
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3rd November, 2009 : It is heard that AIPNBOA (All India Punjab National Bank Officers' Association ) showed their resentment regarding the delay in Wage revision as management asked for higher credit growth in a meeting. |
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31st October, 2009 : Preliminary calculations show that there will be increase to be tune of 10.62% of Basic Pay due to 59 slabs increase w.e.f. November, 2009. However, IBA and Banks have yet to come out with detailed circulars. Details of the increase at various stages can be seen by CLICKING HERE. |
| 29th October, 2009 : Subir Gokarn, Asia-Pacific Chief Economist of global rating agency Standard and Poor’s (S&P), is soon to be appointed as Deputy Governor on the post that has been lying vacant since mid-June after Rakesh Mohan quit months ahead of his retirement). |
| 29th October, 2009 : The post of CMD at Allahabad Bank has fallen vacant as Mr. KR Mamath has joined PNB. There are strong indications that Mr. J.P.Dua who is Executive Director of Allahabad Bank may be elevated to the post of CMD of Allahabad Bank |
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25th October, 2009: Banks are passing through soft interest regime. However, for last few months, there is hot talk about imminent rise in interest rate scenario. However, the Government actions have arrested this rise in interest rates. Now, there are strong indications that soon the Inflation, which crossed the 1 per cent mark for the week ended October 10 after seven months, is likely to surge to 10 per cent by March end driven by surging food prices, low base effect and rising manufacturing costs. If this happens, the low interest regime in banking industry in India may be a thing of the past. With government insisting for low interest regime, banks may be soon under pressure to maintain the NIM. |
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22nd October, 2009: It is being talked that the work among Joint Secretaries in the Department of Financial Services (i.e. Banking and Insurance) has been reallocated as under:- (a) Mr. E.V. Eapen (IAS officer - 1984 batch - Assam Cadre) to be incharge of appointments, Human Resource issues of banks, regional rural banks, cooperative banks, DRT, Agricultural credits, Financial Inclusion, (b) Mr. Alok Nigam (IAS officer - 1986 batch - Haryana Cadre) (recently appointed as Joint Secretary in this Department) to be incharge of banking operations & accounts (c) Ms Ravneet Kaur (IAS officer - 1988 batch - Punjab Cadre) to be incharge of Industrial Finance. (d) Mr Tarun Bajaj (IAS officer - 1988 batch - Haryana cadre) to be incharge of Insurance & Establishment. |
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28th October, 2009 : Mr KR Kamath (previously CMD - Allahabad Bank) has joined as CMD of Punjab National Bank w.e.f. today. Click Here to See Press Release and his brief profile |
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28th October, 2009 : State Bank of Travancore (SBT) : Mr. S. Balachandran has taken over as Chief General Manager. Mr Balachandran started his banking career in 1975 as a probationary officer with SBT. Having been Deputy General Manager (Finance and Treasury) at State Bank of Saurashtra, he also served as General Manager, Business Process Re-engineering and Risk Management of all associate banks at the corporate centre of State Bank of India. Mr Balachandran later joined State Bank of Hyderabad (SBH) as General Manager, Treasury and Risk Management. He joins SBT while serving as General Manager, Personal Banking, Technology and finance at SBH |
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24th October, 2009 : There is likely to be sharp increase in Dearness Allowance in salaries of bank officers as CPI declared for the months of July and August 2009 is high. Bankers are wondering how come there is sharp increase in CPI in a single month? Any one having details as to how and for which items the cost has risen so sharply between June and July 2009? |
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23rd October, 2009 : Interviews in State Bank of India for the post of Deputy Managing Directors (DMDs) & Chief General Managers (CGMs) were held on 23rd October, 2009 onwards at Mumbai. Their results are likely to be declared by month end. |
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26th October, 2009 : Subir Gokarn, Asia-Pacific Chief Economist of global rating agency Standard and Poor’s (S&P), who till recent times was considered to be the front runner for Deputy Governor’s post in Reserve Bank of India (the post has been lying vacant since mid-June after Rakesh Mohan quit months ahead of his retirement), seems to have gone in background at least for the time being. |
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27th October, 2009 : It is reported that notification for appointment of Mr KR Kamath (at present CMD - Allahabad Bank) as CMD of Punjab National Bank has been issued. He is likely to join the new assignment on 28th October, 2009. |
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22nd October, 2009 : Allahabad Bank has reported an eight fold jump in net profits at Rs.333.6 crores for the quarter ending September 2009 from a modest Rs.41.7 crore in the earlier corresponding period. Will Allahabad Bank will be able to maintain the same in the forthcoming quarter or is it only one time performance? |
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22nd October, 2009 : Mr. KR Kamath (at present CMD - Allahabad Bank) is tipped as Chairman cum Managing Director (CMD) of Punjab National Bank. He may join the new assignment soon as notification may be issued any time? |
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Alok Nigam (working as Director-cum-Special-Secretary Development & Panchayat) with the Haryana Government on central deputation is likely to join as new Joint Secretary Financial Service i.e. Banking department. He is an IAS officer of the 1986 batch belonging to Haryana cadre. |
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Promotions in State Bank of India ( SBI) : 31st October, 2009 : The following officers are reported to have been promoted : (alphabetical list) as DMD:
The following officers are reported to have been promoted : (alphabetical list) as CGM:
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