Da increase 3.5% details with chart

DA increased by 3.50% for the quarter Nov'26 to Jan'27.

*DA increased by 3.50% for the quarter Nov'26 to Jan'27.*

*New DA will be.....*

*27.83+3.50=31.33%*

*Let us elaborate:*

CPI for Jul 2026 *--->* 153.2

CPI for Aug 2026 *--->* 154.4

CPI for Sep 2026 *--->* 155.5

Average CPI *---->* 154.36

*New DA from Nov'26*

= Average CPI-123.03

= 154.36 - 123.03

= *31.33%*✅

Meeting for 5 days banking

Top 10 Indian Banks with their Loans and Deposits of FY 2025-26.

Top 10 Indian Banks with their Loans and Deposits of FY 2025-26.

#BankingNews #BankingUpdate #SBIBank #HDFC #PNB #ICICIBank

STOP BLAMING UFBU

STOP BLAMING UFBU           

 ================== 

The Wrestling Bout for updation of pension is over. The referee (Hon'ble SC) will  declare the winner  on the basis of facts and law placed before it. 

What I emphasize is that we need the active support of the negotiating unions even if the judgement would be favourable.  

Even if the SC holds the view that Reg. 35(1) provides for  updation of pension, since no formula for updation of pension is prescribed in Appendix-I, it has to be provided for by way of an amendment, unless the SC gives a clear direction to update our pension as per the formula adopted in RBI.

Supreme court can not amend the statute. Hence there would be a need to negotiate and finalise the formula. 

Because the UFBU  represents the future pensioners, who are now in service, the  formula for updation  will have to be negotiated between IBA and UFBU to make it applicable to the future pensioners.

We would have no other go but to look at UFBU for updation of pension in the worst event of a negative decision by SC. IT  WOULD  REQUIRE A JOINT STRUGGLE BY UFBU AND THE RETIREES' UNIONS TO ACHIEVE PENSION UPDATION.

Therefore while waiting for the judgement let us stop  blaming UFBU leadership. 🙏

Govt. plans to reduce stake in 4 Public Sector Banks. k

IDBI BANK SOLD OUT 64%

IDBI BANK SOLD OUT

What actually happened today — *October 14, 2026*:

The Cabinet Committee on Economic Affairs (CCEA) approved the *strategic restructuring / sale of IDBI Bank to Canada's Fairfax Financial Holdings*:

- *Buyer:* M/s 10955230 Canada Inc, subsidiary of Fairfax Financial Holdings (Prem Watsa group)

- *Stake being sold: 60.72%* for *Rs 52,878 crore at Rs 81/share*

   - Govt of India is selling *30.48%*

   - LIC is selling *30.24%*

- *Govt is NOT selling its entire stake:*

   - Govt will retain *15%*

   - LIC will retain *19%*

   - Together they still hold *34%*

- The govt has called it a "strategic restructuring" rather than a full disinvestment for this reason

- It is being termed the *largest-ever FDI in India's financial sector*, and the biggest disinvestment since Air India. 0057502b

Other conditions:

- Fairfax will have to make an open offer to minority shareholders

- Fairfax will have to reduce its stake from ∼60% to 26% (RBI promoter norm) over 15 years after a lock-in period

- It also has to exit / merge its existing 40% stake in CSB Bank

- The share purchase agreement is expected to be signed by end of FY26, subject to RBI approval

So IDBI will come under Canadian control, but Govt + LIC still remain as significant shareholders with 34% — it's not a 100% foreign-owned bank yet, and the deal is approved, not fully closed.