STRIKE BY BANK EMPLOYEES ON 18Th DECEMBER 2013

Indian Banks’ Association www.iba.org.in NOTICE STRIKE BY BANK EMPLOYEES ON 18Th DECEMBER 2013 Indian Banks’ Association (IBA), on behalf of its member banks, wishes to inform the public in general and banks’ customers in particular that constituents of United Forum of Bank Unions (UFBU) consisting of five Workmen unions (AIBEA, NCBE, INBEF, NOBW, BEFI) and four Officers’ Associations (AIBOC, INBOC, AIBOA, NOBO) have given call to their members for All India strike on 18th December 2013 … [Read more...]

IBA declared Dearness Relief to Bank Pensioners

IBA declared Dearness Relief to Bank Pensioners Indian Banks' Association has circulated  to all member banks pertaining to the declaration of Dearness Relief to pensioners. For the period of August 2012 to January 2013, according to All India Average Consumer Price Index Numbers for IW(Base 1960=100) for the quarter ended June, 2012, the revised rate of Dearness Relief has been declared. The Dearness Relief is payable to pensioners, in terms of Regulations 37 of Bank Employees' Pension … [Read more...]

Revised IBA Model Educational Loan Scheme

Revised IBA Model Educational Loan Scheme Indian Banks' Association has issued revised circulars of IBA Model Educational Loan Scheme for pursuing higher education in India and abroad on its portal. Visitors are advised to click the links are given below for more information about the Educational Loan… Circular Revised Scheme Revised IBA Model Educational Loan Scheme for Pursuing Higher Education in India and abroad Revised Guidance Notes on Model Educational Loan Scheme for pursuing … [Read more...]

Educational Loan Schemes for deserving student of higher education

Educational Loan Schemes for deserving student of higher education Educational Loan Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker's Association (IBA) has framed a Comprehensive Educational Loan Scheme to ensure that no deserving student in the Country is deprived of higher education for want of finances. The new scheme covers all type of courses including professional courses in schools and colleges in India and abroad. The Salient features of the … [Read more...]

Education Loans for Engineering Students

Indian-Rupee-Educational-Loan-to-Engineering-Students.png

Education Loans for Engineering Students The India Banks’ Association (IBA) had circulated a Model Educational Loan Scheme for implementation to its member banks with broad operational guidelines. Banks may adopt the scheme with discretion to make changes as deemed fit. The scheme is for all Indian Nationals who have secured admission to professional/technical courses in India or abroad through an entrance test/merit based selection process. As per the scheme, the assessment of the … [Read more...]

DA to bank employees for the month of May, June and July 2012

DA for bank employees for the month of May, June and July 2012 Dearness allowance for workmen and officer employees in banks for the months of May, June and July, 2012 under IX BPS/Joint Note dt.27.4.10. The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2012 are as follows... January 2012 - 4519.53 February 2012 - 4542.35 March 2012 - 4588.01 Consequently, dearness allowance to employees is payable for 428 … [Read more...]