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Desai Awards
NATIONAL INDUSTRIAL TRIBUNAL (BANK DISPUTES) AWARD ON THE INDUSTRIAL DISPUTES BETWEEN CERTAIN BANKING COMPANIES AND CORPORATIONS AND THEIR WORKMEN BY PRESIDING OFFICER SHRI JUSTICE KANTI LAL T. DESAI (CHIEF JUSTICE OF THE HIGH COURT OF GUJARAT) JUNE, 1962 REPRINTED BY THE INDIAN BANKS' ASSOCIATION, BOMBAY BY PERMISSION OF THE GOVERNMENT OF INDIA TABLE OF CONTENTS (xxvi) Reliefs 5.362 to 5.370 209-212 (xxvii) Dearness allowance with particular Chapter Contents Paragraphs Pages reference to the -question whether any I Introductory 1.1 to 1.25 2—10 part of the existing dearness allowance II Genesis of the dispute 2.1 to 2.15 11—16 should be absorbed in the basic pay 5.371 to 5.394 212-225 III Parties to the dispute 3.1 to 3.7 16—20 VI (i) House Rent Allowance 6.1 to 6.27 226-231 IV Categorisation of banks and areas (ii) Other Allowances 6.28 to 6.64 231-240 for the purposes of this adjudication — (iii) Travelling Allowance and Halting 6.65 to 6.84 240-249 (i) Categorisation of banks 4.1 to 4.129 20-56 Allowance (ii) Categorisation of areas 4.130 to 4.190 56-82 (iv) Joining time on transfer 6.85 to 6.86 249 V Scales of pay — (v) Leave Fare Concessions 6.87 to 6.94 249-251 (i) General 5.1 to 5.34 82—102 VII Provident Fund, including the rate of (ii) Principles of wage fixation ... 5.35 to 5.47 103— 108 contribution and the rate of interest 7.1 to 7.43 251-264 (iii) The 15th Indian Labour Conference 5.48 to 5.63 108—114 VIII Pension and gratuity — (iv) Index Number 5.64 to 5.69 114—116 (i) Gratuity 8.1 to 8.42 264-276 (v) Base Year 5.70 to 5.75 116—119 (ii) Pension 8.43 to 8.63 276-281 (vi) Consumption Units .. -
Is a 7 Digit Unique Number Issued by the Bank. What Are the Last Three
Mobile Money Identifier (MMID) is a 7 digit unique number issued by the bank. What are the last three digits represent? 1) to identify the account of the user 2) to identify the branch of the user 3) to identify the bank of the user 4) All of the above three 5) None of these Answer: to identify the account of the user What does the last character represent in PAN CARD? 1) type of holder 2) Surname of holder 3) Check digit 4) All of the above three 5) None of these Answer: Check digit What does I stands for, in PPI? 1) Instruments 2) Investment 3) Income 4) India 5) None of these Answer: Instruments Which of the below facility cannot be provided by Payment Banks? 1) ATM Card 2) Debit Card 3) Net banking 4) Mobile banking 5) Credit Card Answer: Credit Card Aapka Bank Aapke Dwar is a tagline of __________. 1) Airtel Payments Bank Limited 2) India Post Payments Bank Limited 3) Paytm Payments Bank Limited 4) Fino Payments Bank Limited 5) Vodafone M-Pesa Answer: India Post Payments Bank Limited Where is the headquarters of Paytm Payments Bank Limited? 1) Noida 2) New Delhi 3) Haryana 4) Lucknow 5) Varanasi Answer: Noida The headquarters of Equitas Small Finance Bank is _______________. 1) Guwahati 2) Thrissur 3) Coimbatore 4) Varanasi 5) Chennai Answer: Chennai Headquarters of Fino Payments Bank Limited is __________. 1) Kochi 2) New Delhi 3) Bangalore 4) Mangalore 5) Mumbai Answer: Mumbai Ho much % of FDI is allowed for Payment Banks in India? 1) 49% 2) 20% 3) 74% 4) 100% 5) 51% Answer: 74% Headquarters of FINCARE Small Finance Bank Limited is at? 1) Ahmedabad 2) Kochi 3) Mumbai 4) Bengaluru 5) Lucknow Answer: Bengaluru Loans to individuals up to ______ in metropolitan centres (with the population of ten lakh and above) under priority sector. -
Evaluation of Customer Service in Indian Overseas Bank - a Study with Special Reference to Paramakudi Town in Ramanathapuram District
Vol. 2 No. 2 October 2014 ISSN: 2321 – 4643 3 EVALUATION OF CUSTOMER SERVICE IN INDIAN OVERSEAS BANK - A STUDY WITH SPECIAL REFERENCE TO PARAMAKUDI TOWN IN RAMANATHAPURAM DISTRICT U. Boominathan Ph. D - Research Scholar (Part-time), Guest lecturer, PG & Research Department of Commerce, Government Arts College, Paramakudi Dr. V. Balasubramanian (Rtd) Associate professor, Department of Commerce, Alagappa Arts College, Karaikudi Introduction Today, the relationship between banker and customer has come under sharp focus both at the banker’s as well as at the customer’s end since many customers are expecting better services. The dominating questions which are bothering the minds of bank management today are how to improve customer service and competitive advantage. Since the products are almost the same “The banking sector is considered as a service oriented industry and it has to render many services to the people who visit the banks. The issue of proper customer service is central to all business operations. Hence management experts Consider customer service as an integral part of the growth strategy of their business. The leader of an organization should live and breathe customer needs and should communicate this across the organization. Hence the major component of customer service is related to the involvement and commitment of the staff rendering such service Since the marketing of financial services offered by banks very much depends on the quality of customer service and the satisfaction that customers derive from the services they receive, the important criterion to judge the bench mark of a bank is customer satisfaction in terms of good service. -
Banking Awareness Question & Answers
IDBI Bank Exam Previous Paper Banking Awareness Question & Answers P in PCA? 1. Price 2. Payment 3. Public 4. None of these Answer – 4. None of these… Prompt corrective action(PCA) C in ICO? 1. Cash 2. Coin 3. Cheque 4. Currency Answer – 2. Coin…ICO – Initial Coin Offerings A in VPA? 1. Authority 2. Advisory 3. Address 4. None of these Answer – 3. Address , Virtual Payment Address (VPA) O in NFO? 1. Operations 2. Overdraft 3. Offer 4. None of these _____ is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers. A. NUUP B. QSAM C. UPI D. BHIM E. None of these Answer A. NUUP Explanation: NUUP (National Unified USSD Platform) is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers Which of the following service helps user in knowing their Aadhaar Seeding status with their bank account? A. NUUP B. QSAM C. UPI D. BHIM E. None of these Answer B. QSAM Explanation: QSAM (Query Service on Aadhaar Mapper) – This service helps user in knowing their Aadhaar Seeding status with their bank account. The headquarters of UNIDO is ______ A. Vienna, Austria B. Beijing, China C. Manila, Philippines D. Shanghai, China E. Russia, Moscow Answer A. Vienna, Austria Explanation: The headquarters of UNIDO(United Nations Industrial Development Organization) is Vienna, Austria. The headquarters of AIIB is ______ A. Vienna, Austria B. Beijing, China C. Manila, Philippines D. Shanghai, China E. Russia, Moscow Answer B. Beijing, China Explanation: The headquarters of Asian Infrastructure Investment Bank is Beijing, China The headquarters of Asian Development Bank is _______ A. -
DIGITAL PAYMENTS BOOK Part1
DIGITAL PAYMENTS Trends, Issues And Opportunities July 2018 FOREWORD A Committee on Digital Payments was growth figures for both volume and value. constituted by Department of Economic Notwithstanding this the analysis finds that Affairs, Ministry of Finance in August 2016 both the data are relevant and equally under my Chairmanship to inter-alia important. They are complementary. In recommend medium term measures of addition to this the underlying growth trends promotion of Digital Payments Ecosystem in Digital Payments over the last seven in the country. The Committee submitted its years are also covered in this booklet. final report to Hon’ble Finance Minister in December 2016. One of the key This booklet has some new chapters which recommendations of the Committee related cover the areas of policy developments, to development of a metric for Digital global trends and opportunities in Digital Payments. As a follow-up on this a group of Payments. In the policy space the important Stakeholders from Different Departments of developments with respect to the Government of India and RBI was amendment of the Payment and Settlement constituted in NITI Aayog under my Act 2007 are covered. chairmanship to facilitate the work relating I am grateful to Governor, RBI, Secretary to development of the metric. This group MeitY and CEO, NPCI for their support in prepared a document on the measurement preparing this booklet. Shri. B.N. Satpathy, issues of Digital Payments. Accordingly, a Senior Consultant, EAC-PM and Shri. booklet titled “Digital Payments: Trends, Suneet Mohan, Young Professional, NITI Issues and Challenges” was prepared in Aayog have played a key role in compiling May 2017 and was released by me in July this booklet. -
Preference of Education Loan - a Study with Special Reference to Canara Bank in Coimbatore
International Journal for Research in Engineering Application & Management (IJREAM) ISSN : 2454-9150 Vol-04, Issue-03, June 2018 Preference of Education Loan - A Study With Special Reference to Canara Bank in Coimbatore 1Santhosh Kumar Bojan, 2A.Saravanakumar 1,2Asst. Professor in Commerce, Rathinam College of Arts and Science, Eachanari, Coimbatore, Tamilnadu, India. [email protected], [email protected] Abstract - The study based on the relationship between willingness to take financial risk and the probability of taking a loan for educational purpose as well as the influence of risk attitudes on the size of the loan. The findings suggest a positive relationship between individuals’ willingness to take financial risk and the probability of taking a loan for educational purposes. Similarly, individuals’ willingness to take financial risk appears to be an important determinant of the size of the educational loan. The findings suggest that individuals from less wealthy backgrounds are likely to take finance education through loans which could potentially increase inequalities in education and income. Keywords: Education loan, Canara Bank, Consumer Satisfaction. I. INTRODUCTION OF STUDY Education is the process, which enables an individual to MEANING OF EDUCATION LOAN adjust himself to the environment. A present day Money borrowed to finance education or school related economist is inclined to think “EDUCATION” as a expenses. Payments are often deferred while in school and process which makes man economically creative member for 6 months grace period after graduation. There are a of the society. The subject matter of education is more variety of federal and private student loans available. important. The word “Education” is derived from the Latin educate, meaning “To nourish” or “To rise”. -
Contents Must Do Current Affairs for SBI Clerk and LIC ADO Main 2019
General/Financial Awareness Power Capsule | SBI Clerk & LIC ADO Main 2019 Contents Must Do Current Affairs for SBI Clerk and LIC ADO Main 2019 ........................................................................................ 3 Banking Current Affairs ...................................................................................................................................................... 13 Economy/Financial/Business Current Affairs .................................................................................................................. 17 AGREEMENTS/MOU SIGNED ............................................................................................................................................. 20 NEW APPOINTMENTS: NATIONAL .................................................................................................................................... 25 NEW APPOINTMENTS: INTERNATIONAL ........................................................................................................................ 27 AWARDS & RECOGNITION ................................................................................................................................................. 29 SUMMITS | EVENTS | FESTIVALS Held (NATIONAL/INTERNATIONAL) ....................................................................... 32 COMMITTEES IN NEWS ...................................................................................................................................................... 34 NATIONAL CURRENT AFFAIRS -
Sbi Po / Clerk 2019 Capsule
SBI PO / CLERK 2019 CAPSULE Exclusively prepared for RACE students PAGE : 64 | | PRICE : NOT FOR SALE (JANUARY-JUNE 2019) TOPIC : SBI PO / CLERK CAPSULE SBI PO/CLERK 2019 CAPSULE (JANUARY – JUNE 2019) INDEX TOPIC Page No BANKING & FINANCIAL AWARENESS 2 LIST OF INDEXES BY VARIOUS ORGANISATIONS 7 GDP FORECAST OF INDIA BY VARIOUS ORGANISATION 8 RANKINGS / REPORTS BY VARIOUS ORGANISATIONS 8 LIST OF VARIOUS COMMITTEE & ITS HEAD 11 LOAN SANCTIONED BY NATIONAL AND INTERNATIONAL BANKS TO INDIA 12 PENALITY IMPOSED BY RBI TO VARIOUS BANKS IN INDIA 13 LIST OF ACQUISTION & MERGER TOOK PLACE FROM JAN – JUNE 2019 13 APPS/SCHEMES/FACILITY LAUNCHED BY VARIOUS BANKS/ORGANISATIONS/COMPANY 13 NATIONAL NEWS 15 STATE NEWS 20 IIT’S IN NEWS 26 NATIONAL SUMMITS 26 INTERNATIONAL NEWS 30 INTERNATIONAL SUMMITS 34 LIST OF AGREEMENTS/MOU’S SIGNED BY INDIA WITH VARIOUS COUNTRIES 37 APPOINTMENTS / RESIGNATION /RETIREMENT / BRAND AMBASSADORS 38 AWARDS & HONOURS 41 BOOKS & AUTHORS 48 SPORTS NEWS 48 IMPORTANT EVENTS OF THE DAY 57 OBITUARY 60 CABINET MINISTERS 2019 / LIST OF MINISTERS OF STATE (INDEPENDENT CHARGE)/ LIST OF 61 MINISTERS OF STATE INTERIM BUDGET 2019-20 62 ________________________________________________________ RACE Coaching Institute for Banking and Government Jobs 7601808080 / 9043303030 www. RACEInstitute. in Courses Offered : BANK | SSC | RRB | TNPSC |KPSC | SBI PO & CLERK 2019 CAPSULE | 2 BANKING & FINANCIAL AWARENESS framework allowing them to resume their normal lending activities subject RBI IN NEWS to certain conditions and continuous monitoring. ➢ Second Bi-monthly Monetary Policy Statement, 2019-20 Resolution ➢ The Reserve Bank has imposed monetary penalty of two million rupees of the Monetary Policy Committee (MPC) Reserve Bank of India. -
INSURANCE SERVICE PROVIDE by CANARA BANK Introduction
INSURANCE SERVICE PROVIDE BY CANARA BANK Introduction Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country. The government nationalized the bank in 1969. As of November 2015, the bank had a network of 5784 branches and more than 9153 ATMs spread across India. The bank also has offices abroad in London,Hong Kong, Moscow, Shanghai, Doha, Dubai, and New York. HISTROY Ammembal Subba Rao Pai, a philanthropist, established the Canara Hindu Permanent Fund in Mangalore, India, on 1 July 1906.[2] The bank changed its name to Canara Bank Limited in 1910 when it incorporated. Canara Bank's first acquisition took place in 1961 when it acquired Bank of Kerala. Bank of Kerala had been founded in September 1944 and at the time of its acquisition on 20 May 1961 had three branches. The second bank that Canara Bank acquired was Seasia Midland Bank (Alleppey), which had been established on 26 July 1930 and had seven branches at the time of its takeover.[3][4] In 1958, the Reserve Bank of India had ordered Canara Bank to acquire G. Raghumathmul Bank, in Hyderabad. This bank had been established in 1870, and had converted to a limited company in 1925. At the time of the acquisition G. Raghumathmul Bank had five branches. [5] The merger took effect in 1961.[4] Later in 1961, Canara Bank acquired Trivandrum Permanent Bank. Trivandrum Permanent Bank had been founded on 7 February 1899 and had 14 branches at the time of the merger.[4] Next, Canara Bank acquired four banks in 1963: the Sree Poornathrayeesa Vilasam Bank, Thrippunithura, Arnad Bank,Tiruchirapalli, Cochin Commercial Bank, Cochin, and Pandyan Bank, Madurai. -
THE LAKSHMI VILAS BANK LIMITED (Incorporated on November 03, 1926 Under the Indian Companies Act, 1913 with Registrar of Companies, Trichinopoly
C M Y K For private circulation to the equity Draft Letter of Offer shareholders of the Bank only Dated August 17,2009 THE LAKSHMI VILAS BANK LIMITED (Incorporated on November 03, 1926 under the Indian Companies Act, 1913 with Registrar of Companies, Trichinopoly. The Bank was licensed under the Banking Regulation Act, 1949 on June 19, 1958 and became a scheduled commercial bank under the Second Schedule of Reserve Bank of India Act, 1934 on August 11, 1958.) Registered Office: Salem Road, Kathaparai, P.O. Karur – 639006, Tamilnadu. (The registered office has been shifted from 693, Jawahar Bazaar, Karur – 639 001 to the present registered office on September 11, 1991) For more details, see “Our History and Certain Corporate Matters” on page [] of this Draft Letter of Offer. Tel: (04324) 220051- 60 Fax: (04324) 223607 Email: [email protected], Website:www.lvbank.com Contact person: Mr. S. Venkateswaran – DGM & Company Secretary FOR PRIVATE CIRCULATION TO THE EQUITY SHAREHOLDERS OF THE COMPANY ONLY Issue of [] Equity Shares of Rs. 10 each for cash at a premium of Rs. [] per Equity Share not exceeding Rs. 300 crores on rights basis to the existing Equity Shareholders of The Lakshmi Vilas Bank Limited. (The “Bank”/”LVB”/the “Issuer”) in the ratio of [] Equity Share for every [] Equity Share (i.e. []) held as on the record date i.e. []. The Issue Price is [] times of the face value of the Equity Shares of our Bank. The Payment Methods available to the shareholders for applying in this Rights Issue are as follows: Amount payable Payment Method –I@ Applicable to all Payment Method –II Applicable to all per equity share categories of shareholders except NRIs/FIIs categories of shareholders including NRIs/FIIs (Fig in Rs.) Face Value Premium Total Face Value Premium Total On Application [][][]10[][] First and final call [][][]NANANA Total 10 [][]10[][] @ See page no. -
Acceptance of Bank Passbook As Proof of Address for Passports
No. VI/40L lt I t2l2otg Government of India Ministry of External Affairs CPV Division Patiala House Annexe, Tilak Marg, New Delhi, February 19, 2OI5 OFFICE MEMORAI.{DUM Subject: Acceptance ofbank passbook as proofofaddress for Passports. ***** As per the existing provisions, Passbook/Statement of running bank account of Public Sector Banks is accepted as one of the valid documents for proof of address for submitting a Passport application. The Ministry has been receiving references for inclusion of photo passbook issued by the Scheduled Private Indian Banks as well as Regional Rural Banks in addition to Scheduled Public Sector Banks. 2. The matter has been examined in the Ministry and it has been decided that henceforth ptroto pa$sbooks of the following categories of banks authorized by the Reserve Bank of India may be accepted as proof of address and photo identity: (a) Scheduled Fublic Sector Banks; (b) Scheduled Private Sector Indian Banks; and (c) Regional Rural Banks. 3. The indicative list of above three categories of banks is enclosed. In case of any doubt about the status and name of any particular bank, the same may be ascertained from the updated website of the Reserve Bank of India. Encls. a/a 0n-b. (Muktesh r. Pai6eshi) Joint Secretary(PsP) & Chief Passport Officer A11 PIAs in India and abroad 4NIIEXIJFE List of Banks for the purpose of Proof of Address and Photo identity for Passport Application A. PUBLIC SECTOR BANKS 34. Baroda Gujarat Gramin Bank 35. Baroda Rajasthan Kshetriya 1. Allahabad Bank Gramin Bank 2. Andhra Bank 36. BarodaUPGraminBank 3. Bank of Baroda 37. -
On the Industrial Disputes Between Certain Banking Companies and Their Workmen (Popularly Known As the Sastry Awaibeaard)
ALL INDIA INDUSTRIAL TRIBUNAL (BANK DISPUTES) AWARD ON THE INDUSTRIAL DISPUTES BETWEEN CERTAIN BANKING COMPANIES AND THEIR WORKMEN (POPULARLY KNOWN AS THE SASTRY AWAIBEAARD) REPRINTED BY THE INDIAN BANKS ASSOCIATION, BOMBAY BY PERMISSION OF THE GOVERNMENT OF INDIA AWARD OF THE ALL INDIA INDUSTRIAL TRIBUNAL (BOMBAY DISPUTES), BOMBAY ON THE INDUSTRIAL DISPUTES BETWEEN CERTAIN BANKING COMPANIES AND THEIR WORKMEN AIBEA BY THE TRIBUNAL CONSISTING OF SRI. S. PANCHAPAGESA SASTRY, CHAIRMAN SRI M. L. TANNAN, MEMBER SRI. V. L. D.'SOUZE, MEMBER CONTENTS XVIII Provident Fund 108—114 Chapter Pages (i) Rule of the Fund 108—112 Number (ii) The Imperial Bank of India 113—114 I Introductory 1—9 (iii) The Exchange Banks 114 (i) The Reference i—6 XIX Gratuity 114—118 (ii) Legislative provisions for settlement of industrial disputes 6—7 XX Pensions scheme 118-—120 (iii) History of the dispute 7—9 XXI Cash deposits, fidelity bonds, guarantee funds etc. 121—125 Jurisdictional points 9—13 (i) Cash deposits, fidelity bonds and other securities furnished by 121—123 I II Parties to the dispute etc. 13—15 the staff (i) Banks 13—1| (ii) Guarantee Fund 123—125 (ii) Labour 14—15 XXII Medical aid and expenses 125—130 (iii) Others affected 15 XXIII Insurance against old age etc. 130—131 IV Classification 15—27 XXIV Leave rules 131—136 (i-A) Classification of Banks 15—23 XXV Method of recruitment, conditions of service, termination of employment, (i-B) Imperial Bank of India and the Exchange Banks 23—24 disciplinary action etc. 136—146 (ii) Classification of areas 24—27 (i) Method of recruitment 136-—138 V Scales of pay etc.