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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Saturday, December 10, 2016

RBI doing injustice Private bank get 7.5 cr average till date but psb get only 85 lakh union silent why?????

Please read the post Tamilnadu has about 9000 branches in public sector and about 900 branches in private sector of which ICICI has 402 branches, AXIS has 200 branches and HDFC has 270 branches. After 8th Novemeber, 2016 till a couple of days back, RBI gave these three banks alone having only 872 branches Rs.6100 crore new currency but to all the PSBs having 9000 branches only Rs.7800 crore - i.e Rs. 7.5 crore per branch to the said three private banks and only Rs. 85 lakh per branch to the PSBs.On reading the above post, the question that ran in my mind is how the RBI could become so heartless to expose the staff of PSBs to pubic ire due to huge shortage of cash. It is an irony that banks whose customers have multiple plastic cards, net banking, mobile banking, mobile wallets etc received Rs. 7.5 crore per branch while the PSBs whose majority customers do not have any such facility received only Rs.85 lakh per branch from 9th November, 2016 till a couple of days back.. In the process, not only the customers of PSBs suffered but also the staff who faced the ire of the public, sometimes reaching life threatening proportion. As a result, police has to be deployed at many places costing the dear money of the exchequer. With daily limit ofRs.2000 at ATMS, one soon exceeds the free withdrawal limit forcing people to pay to withdraw their own money. Also the ATMs of PSBs run dry soon forcing people to use the ATMs of these three banks and make the customers of PSBs pay more. Why are CEOs of PSBs not protesting to RBI and why should the Trade unions keep quiet against thisloot by private banks enabled by RBI?

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