GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES RAJYA SABHA UNSTARRED  QUESTION NO. 223 TO BE ANSWERED ON THE 15th September 2020/ Bhadrapada 24, 1942 (SAKA) Impact of bank merger 223. SHRI PARIMAL NATHWANI: Will the Minister of FINANCE be pleased to state: (a) whether the merger of Union Bank of India, Andhra Bank and the Corporation Bank will lead to any loss of jobs for the present employees or loss of any future employment opportunities for the people; (b) whether Government plans to preserve the strong regional focus which the Andhra Bank had towards the Telugu speaking States; and (c)     if so, the details thereof and if not, the reasons therefor? ANSWER THE MINISTER OF STATE FOR FINANCE (SHRI ANURAG SINGH THAKUR) (a) to (c): As per inputs received from Union Bank of India, the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India has not resulted in a...

RBI: All Agency Banks must remain available to the public on 31 March 2019 (Sunday) RESERVE BANK OF INDIA RBI/2018-19/150 DBR.No.Leg.BC.30/09.07.005/2018-19 March 26, 2019 All Agency Banks Dear Sir/ Madam All Agency Banks to remain open for public on March 31, 2019 (Sunday) The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions. Accordingly, all Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2019 (Sunday). Banks shall give due publicity about availability of above banking services on this day. Yours faithfully (Saurav Sinha) Chief General Manager-in-Charge

Dearness Allowance @ 61.10% for February, March & April 2019 i.r.o. Workmen and Officer Employees in banks Indian Banks’ Association HR & Industrial Relations No.CIR/HR&IR/76/D/2018-19/6764 February 1, 2019 All Members of the Association (Designated Officers) Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2019 under X BPS/ Joint Note dated 25.5.2015 The confirmed All India Average Consumer Price Index Numbers for Industrial Workers   (Base 1960-100)   for the quarter ended December 2018 are as follows:- October 2018 – 6893.42 November 2018 – 6893.42 December 2018 – 6870.60 The average CPI of the above is 6885 and accordingly the number of DA slabs are 611 (6885-4440= 2445/4= 611 Slabs) The last quarterly Payment of DA was at 607 Slabs. Hence there is a increase in DA slabs of 4, i.e 611 Slabs for payment of DA for the quarter February, March & April 2019 In terms of clau...

11th Bipartite settlement next meeting date on 29th Sept 2018 INDIAN BANKS' ASSOCIATIONS(IBA) HR & INDUSTRIAL RELATIONS No.HR &IR/UFBU/XIBPS/5870 September 15, 2018 Shri Sanjay K LUANDA Convenor United Forum of Bank Unions (UFBU) & General Secretary National Confederation of Bank Employee, C/o State Bank of India. LHO Plot No 1, Sector-17A Chandigarh-160 017 Dear Sir, Wage   Negotiation: Negotiating Committee Meeting with Unions/ Associations It has been decided in consultation withthe Chairman, Negotiating Committee of IBA. to hold next meeting ofNegotiating Committee of IBA with the representatives of Constitute & Workmen Unions/ Officers' Associations on Saturday, 29th September 2018 at 10:00 am in the Committee Room of IBA, World Trade Centre,Cuffe Parade, Mumbai. 2. You are,therefore,requested to please convey suitably to the General Secretaries ofConstituent Workmen Unions/ Officers' Associations of UFBU to make itconvenient to attend the meet...

Ministry of Finance Banks will remain open and banking activity will continue unimpeded in the first week of September Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September ; Monday, 3rd September is not a pan India holiday ATMs in all States will be fully functional; Banks advised to ensure availability of sufficient cash for dispensation from ATMs Posted On: 31 AUG 2018 11:19AM by PIB Delhi It has come to notice that a rumour is circulating in several sections of the social media that banks will be closed for 6 days in the first week of September 2018, causing undue panic among the general public. It is hereby clarified that banks will remain open and banking activity will continue unimpeded in the first week of September. Banks will only observe holidays on Sunday, 2nd September and second Saturday, 8th September. Monday, 3rd September is not a pan India holiday and banks only in some States where a holiday is declared under the Negotiab...

IBA INDIAN BANKS’ ASSOCIATION HR & INDUSTRIAL RELATIONS No.HR&IR/SKK/Medical Ins/2018-19/5041 May 8, 2018 Shri Sanjev K.Bandish,Convenor,UFBU United Forum of Bank Unions, C/o State Bank of India,LHO,Plot no.1, Sector -17A Chandigarh – 1600017 Dear Sir, Medical Insurance Scheme – constitution of committee Please refer to our earlier communication in the subject matter and discussions held on 5th May,2018 with the Negotiating Committee. As desired , we place below the four suggested options: i. Banks may go back to the earlier Hospitalization Expenses reimbursement Scheme as was in vogue till 9th Bi-partite settlement for employees and dependent family members. ii. Directly deal with united India Insurance Co.Ltd or any other Insurance Company by calling quotes, without any interference from Broker. iii. Advise banks to decide on the course of Medical Insurance Scheme on their own. Each Bank can negotiate with Insurance Companies to provide a Scheme tailor made to the requirement...

Statement on Developmental and Regulatory Policies - October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons Banking Facility For Senior Citizen And Differently Abled Persons - RBI Notification RESERVE BANK OF INDIA RBI/2017-18/89 DBR.No.Leg.BC.96/09.07.005/2017-18 November 9, 2017 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks and Payments Banks Dear Sir/ Madam Statement on Developmental and Regulatory Policies - October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons Please refer to Paragraph 8 of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary Policy Statement 2017-18, a copy of which is enclosed. It has been observed that there are occasions when banks discourage or turn away senior citizens and differently abled persons from availing banking facilities in branches. Notwithstanding the need to push digital tr...