Articles for Bank Employees

Barclays under fire for sacking 15 Wall Street bankers, cancelling bonuses before holidays
2 weeks ago

Barclays under fire for sacking 15 Wall Street bankers, cancelling bonuses before holidays

Live Mint  

Just weeks before the holiday season, Barclays terminated 15 New York-based bankers and traders, along with 35 other employees, without issuing their annual bonuses—a move that has sparked backlash and potential legal challenges. For the 15 Wall Street professionals affected, the termination erased potential bonuses that typically reach up to $1 million, according to industry sources. Attorney Tanvir Rahman of …

Bank Bonuses Barclays
Special Allowance For Bank Employees On Deputation Cannot Be Excluded From Pay Fixation: Bombay HC
3 weeks, 4 days ago

Special Allowance For Bank Employees On Deputation Cannot Be Excluded From Pay Fixation: Bombay HC

Live Law  

Bombay High Court: Justices Mangesh S. Patil and Prafulla S. Khubalkar ruled that employees of nationalized banks deputed to Debts Recovery Tribunals are entitled to include “special allowance” for the purpose of fixation. It also noted that the 2020 letter misconstrued the 2015 Bipartite Settlement, and quashed it to the extent that it excluded “special allowance” from pay fixation for …

Communication Court Settlement Bank Pay 2020 Special
Orissa HC: Co-op Bank employees’ gratuity cannot be withheld
1 month, 3 weeks ago

Orissa HC: Co-op Bank employees’ gratuity cannot be withheld

Deccan Chronicle  

Bhubaneswar: The Orissa High Court ruled that Cuttack Central Cooperative Bank must release the gratuity dues of Sarojini Dei, a retired employee, which had been withheld due to her role as a loan guarantor for two individuals. The judgment came after a similar ruling last month, where the court upheld the release of gratuity dues for another retired CCB employee, …

Gratuity Bank Employees Ccb
Column: A huge bank pleaded guilty to conspiring to launder money, so why weren’t top executives charged?
2 months ago

Column: A huge bank pleaded guilty to conspiring to launder money, so why weren’t top executives charged?

LA Times  

Gen. Merrick Garland last month touted the Justice Department’s settlement with TD Bank over money-laundering charges. The department’s failure to charge TD Bank’s top executives thus far, Warren wrote, is at odds with the agency’s own explicit commitment to “individual accountability,” as Deputy Atty. Garland stated in announcing the settlement that his agency’s “criminal investigations into individual employees at every …

Justice Money Settlement Bank Executives Million Sec
DA For Bank Employees: IBA Announces Dearness Allowance From May-July
6 months, 4 weeks ago

DA For Bank Employees: IBA Announces Dearness Allowance From May-July

News 18  

The Indian Banks’ Association has announced an increase in dearness allowance to 15.97% for May, June and July 2024. The June 10th notification detailed the new DA rates, following the agreements set out in the 12th Bipartite Settlement and Joint Note, both dated March 8, 2024. The latest notification stated: “In terms of clause 13 of the 12th Bipartite Settlement …

Employees Bank 2024 Iba Bank Employees Dearness Allowance
Calcutta High Court Weekly Round-Up 13th May To 19th May, 2024
7 months, 3 weeks ago

Calcutta High Court Weekly Round-Up 13th May To 19th May, 2024

Live Law  

NOMINAL INDEXBadal Kumar Mandal vs. Chairman Indian Museum Board Of Trust And Ors. The Election Commission of India and others 2024 LiveLaw 123 Balgopal Merchants Private Limited Versus The Principal Commissioner Of Income Tax -2, Kolkata 2024 LiveLaw 124 Commissioner Of Customs Versus Shri Rajendra Kumar Damani @ Raju Damani 2024 LiveLaw 125 Principal Commissioner Of Income Tax, Asansol Versus …

India Justice High Court Writ Petition Court Medical Evidence Income Tax
Punjab & Haryana High Court Weekly Round-Up: May 6 – May 12, 2024
7 months, 3 weeks ago

Punjab & Haryana High Court Weekly Round-Up: May 6 – May 12, 2024

Live Law  

Nominal Index Neeraj Bhardhwaj v. State of Haryana & Ors. Citation: 2024 LiveLaw 150 Bhupinder Singh Hooda v. State of Haryana and others Citation: 2024 LiveLaw 151 Vijender v. State of Haryana Citation: 2024 LiveLaw 152 Reports 'Can Only Imagine Plight Of Students Being Taught By Unqualified Persons': Punjab & Haryana HC Calls For Action Against Profs Without Minimum UGC …

India High Court Court Citation Haryana Election Commission Lok Sabha
Cooperative Bank Employees Not Covered Under Definition Of “Public Servant” As Per Section 21 Of IPC In Context Of Election Duties: Calcutta High Court
7 months, 3 weeks ago

Cooperative Bank Employees Not Covered Under Definition Of “Public Servant” As Per Section 21 Of IPC In Context Of Election Duties: Calcutta High Court

Live Law  

A single bench of the Calcutta High Court comprising of Justice Sabyasachi Bhattacharyya, while deciding Writ Petitions in the case of Malda District Central Cooperative Bank Employees Association and others vs. The Election Commission of India and others, held that Cooperative bank employees cannot be considered as “public servants” under Section 21 of the IPC when it comes to election …

Court Election Public Servant Cooperative Ipc Act Bank Employees
Interest-Free/Concessional Loans To Bank Employees Taxable As Perquisite : Supreme Court Upholds Rule 3(7)(I) Of Income Tax Rules
8 months ago

Interest-Free/Concessional Loans To Bank Employees Taxable As Perquisite : Supreme Court Upholds Rule 3(7)(I) Of Income Tax Rules

Live Law  

A Division bench of the Supreme Court comprising of Justice Sanjiv Khanna and Justice Dipankar Datta while deciding a Civil Appeal in the case of All India Bank Officers' Confederation Vs The Regional Manager, Central Bank Of India & Others has held that Rule 3 of the Income Tax Rules, 1962 is not violative of Article 14 of the Constitution …

India Supreme Court Tax Court Income Tax Bank Loans
CBI court hands jail terms to five bank employees in fraud cases
9 months, 1 week ago

CBI court hands jail terms to five bank employees in fraud cases

Hindustan Times  

LUCKNOW: The Central Bureau of Investigation, Lucknow court sentenced seven people to rigorous imprisonment of three to seven years and imposed fines of ₹8.3 lakh in two separate cases of bank fraud worth ₹24.28 crore, said a senior CBI official. For representation In a press note shared with the media, CBI officials informed that the special judge, CBI cases, Lucknow, …

Lucknow Kanpur Sentenced Bank Employees Rigorous Imprisonment Uco Bank Cbi Cases
Top 5 benefits PSU bank employees set to get after IBA, employees’ unions pact
10 months ago

Top 5 benefits PSU bank employees set to get after IBA, employees’ unions pact

Live Mint  

Employees of the state-owned banks are expected to reap various benefits after the successful completion of negotiations between the Indian Banks Association and various bank employees' unions on Friday. After this IBA, bank unions pact, the monthly salary of the PSU bank employees is set to rise to the tune of 17 percent whereas the Dearness Allowance is expected to …

Joint Allowance Pact Dearness Allowance Dearness 8088 Points Benefits Psu
How global events shape our careers
10 months, 2 weeks ago

How global events shape our careers

Live Mint  

This week, I had the privilege of speaking with Vivek Kaul, economist, author and columnist for Mint. People aware of the government’s plan, told Mint’s Subhash Narayan, about a possible merger with the Stock Holding Corporation of India, another entity where IFCI holds a significant stake. According to experts who spoke to Mint’s entertainment correspondent Lata Jha, this is a …

India Delhi Indian Haryana Crisis End Punjab
Citibank employees called them ‘Armenian bad guys’ and canceled their accounts. Now they’re suing
1 year, 1 month ago

Citibank employees called them ‘Armenian bad guys’ and canceled their accounts. Now they’re suing

LA Times  

“While we prioritize protecting our bank and our customers from fraud, it is unacceptable to base credit decisions on national origin,” Citibank said in response to a lawsuit alleging discrimination against Armenian Americans. “I was so stressed out, I literally started crying.” Smbatian and others whose accounts were closed suspected discrimination was at play — and say they were proved …

Fraud Credit Money Lawsuit Bank Employees Accounts Cfpb
Bank employees to strike for 13 days between Dec 4-Jan 20
1 year, 3 months ago

Bank employees to strike for 13 days between Dec 4-Jan 20

Deccan Chronicle  

Mumbai: The All India Bank Employees' Association, the largest workers' union in the banking sector, has scheduled a series of nationwide strikes between starting Dec 4 to January 20, demanding an increase in staff recruitment and to oppose outsourcing of regular jobs at public sector banks. According to CH Venkatachalam, general secretary of AIBEA, there is a deliberate effort by …

Bank Strike Bank Employees
Mirzapur: Miscreants shoot at bank employees in attempt to loot cash, 4 injured
1 year, 3 months ago

Mirzapur: Miscreants shoot at bank employees in attempt to loot cash, 4 injured

Hindustan Times  

Four persons, including a guard, were injured when four bike-borne miscreants on two vehicles fired at them indiscriminately while trying to loot a cash box from a van in Beltar, under Katra police station area of Mirzapur in Uttar Pradesh on Tuesday. Mirzapur superintendent of police Abhinandan said the matter is being probed. According to the police, the cash van …

Bank Employees Mirzapur
Indian Bank Association Likely To Accept The Demand For A 5-day Workweek: Reports
1 year, 5 months ago

Indian Bank Association Likely To Accept The Demand For A 5-day Workweek: Reports

News 18  

The Indian Bank Association has greenlit a proposal to designate every Saturday as a day off for bank employees, subject to approval from the finance ministry, reports say. According to The Hindu BusinessLine, a meeting held by the IBA on July 28th discussed the demand put forth by bank employees to declare all Saturdays as holidays. Should the proposal secure …

Bank Iba Bank Employees
Chhattisgarh Congress MLA caught on camera slapping bank employees
1 year, 9 months ago

Chhattisgarh Congress MLA caught on camera slapping bank employees

Hindustan Times  

A ruling Congress MLA in Chhattisgarh was last week caught on camera publicly slapping two employees of a district cooperative bank in Balrampur-Ramanujganj district. According to the complaint, Singh allegedly slapped and abused clerk Rajesh Pal and peon Arvind Singh outside the bank in front of hundreds of farmers during office hours, which was corroborated by the CCTV footage of …

Congress Employees Mla Singh Congress Mla Bank Employees Cooperative Banks
Hostage standoff at Beirut bank ends with gunman’s surrender
2 years, 5 months ago

Hostage standoff at Beirut bank ends with gunman’s surrender

Al Jazeera  

A hostage standoff in which a gunman demanded a Beirut bank let him withdraw his trapped savings has ended with the man’s surrender and no injuries. “He takes what he has from his own pocket to give to others.” A crowd had gathered outside the bank during the standoff, with many of the bystanders chanting, “Down with the rule of …

Savings Money Bank Hostage Man Lebanon Beirut
Why have over nine lakh public sector bank employees gone on a two-day strike across the country
3 years ago

Why have over nine lakh public sector bank employees gone on a two-day strike across the country

Firstpost  

The uproar began ever since the government had in its Budget announced its intent to take up privatisation of two public sector banks during the year Close to nine lakh employees of various state-run banks will go on a two-day nation-wide strike beginning Thursday to protest against the government’s move to privatise two public sector lenders. UFBU’s Convenor Devidas Tuljapurkar …

India Insurance Budget Maharashtra Kashmir Employees Bank
Maharashtra’s Latur civic body to prioritise vaccination of auto drivers, grocery shop owners
3 years, 7 months ago

Maharashtra’s Latur civic body to prioritise vaccination of auto drivers, grocery shop owners

India TV News  

The civic body in Maharashtra’s Latur city has declared auto-rickshaw drivers, grocery and medical shop owners, newspaper vendors and bank employees as frontline workers, and decided to vaccinate them on priority, an official said. During the coronavirus-induced lockdown, auto drivers, bank employees, medical and grocery shop owners, newspaper distributors worked without a break. Therefore, the Latur Municipal Corporation has declared …

Bank Employees Latur Frontline Workers Latur City
Bank employees go on strike against privatisation
3 years, 9 months ago

Bank employees go on strike against privatisation

The Hindu  

Public sector bank employees under the banner of the United Forum of Bank Unions, an umbrella organisation of nine trade unions, on Monday struck work to protest against the government’s plan to privatise public sector banks. In a statement, the All-India Bank Employees Association said nearly 10 lakh employees, officers and managers began a two-day strike on Monday. “In view …

Bank Banks Bank Employees
Bank strike today: Which services are affected as 10 lakh employees protest privatisation
3 years, 9 months ago

Bank strike today: Which services are affected as 10 lakh employees protest privatisation

India Today  

Banking services are likely to be hit across the country today and tomorrow as lakhs of bank employees are set to go on a strike against the privatisation of two public sector banks. 10 lakh bank employees, part of the United Forum of Bank Unions have been protesting in the country for the last month and have now called for …

India Services Employees Bank Strike Banks Bank Employees
Need non-discriminatory environment for normal operation of firms in India: Chinese Foreign Ministry on I-T raids
4 years, 4 months ago

Need non-discriminatory environment for normal operation of firms in India: Chinese Foreign Ministry on I-T raids

India Today  

China has demanded "a fair, just and non-discriminatory environment for the normal operation of Chinese companies in India" after the Income Tax Department busted a big nexus of Chinese companies in New Delhi on Tuesday. According to the Central Board of Direct Taxes, the subsidiary of a Chinese company and its related concerns have taken over Rs 100 crore bogus …

India China Indian Bank Companies Chinese Chinese Companies
Chinese national Luo Sang, busted by I-T Dept, was arrested by Delhi Police for spying in 2018
4 years, 4 months ago

Chinese national Luo Sang, busted by I-T Dept, was arrested by Delhi Police for spying in 2018

India Today  

Luo Sang, a Chinese national who was arrested on Tuesday night in a raid by the Income Tax Department for money laundering and representing fake Chinese companies in hawala transactions, was earlier arrested by Delhi Police on spying charges. How I-T Dept nabbed Lou Sang On Tuesday, the Income Tax Department conducted searches in 21 locations in Delhi, Ghaziabad and …

India Delhi Money Laundering Indian Bank Fake Delhi Police