The Supreme Court's recent ruling on taxing interest-free loans for bank employees has stirred controversy within the banking sector. Despite opposition from bankers, the court upheld the taxability of these benefits, citing legal provisions.
The Bank of Baroda Officers’ Association in Hyderabad has voiced concerns over alleged workplace harassment by the Regional Manager. Calling for action, the letter highlights abusive behaviour and unethical practices.
Emergence of a video depicting harassment during a Canara Bank review meeting has sparked widespread criticism and calls for accountability. While the management reiterates their commitment to professionalism and confidentiality, questions remain regarding the handling of the situation and the broader issues it highlights within the banking sector.
Temporary employees at the National Bank for Agriculture and Rural Development (NABARD) Kerala Regional Office in Thiruvananthapuram and its staff quarters faced immediate termination for joining the Bank Temporary Employees Federation (BTEF), sparking allegations of vindictive action by NABARD officials.
Indian Overseas Bank (IOB) staff in Dehradun are reportedly being pressured to work extra hours and on holidays to boost the bank's social media presence.
While the Union Government highlights the improvements and autonomy in public sector banks (PSBs), banking experts raise concerns about transparency, corporate favouritism, and potential future challenges.
All Kerala Bank Retirees Forum's letter to UFBU emphasises the need for pension revision over ex-gratia payments. Discover why retirees are urging for equitable treatment in the banking sector.
The issues of temporary employees in the banking sector are mostly overlooked despite their crucial yet unrecognised role. As the banking community is to enjoy benefits of 12th BPS from April 2024, the demands of temporary employees are sidelined.
All India Bank Employees’ Association (AIBEA) calls upon the Election Commission of India(ECI) to take action against willful defaulters contesting for Lok Sabha seats in upcoming elections, citing moral hazards and economic repercussions.
