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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*********

Tuesday, July 2, 2019

BSNL says it will not be closed down

Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company.

  • Due to stiff competition and the lowering of tariff, BSNL is facing a funds crisis for the last few months

  • BSNL said there is no proposal to close down the company as has been reported by a section of the media

In a statement issued here, the company said: "There is no proposal to close down BSNL as wrongly reported in a section of the press. Due to stiff competition and the lowering of tariff, BSNL is facing a funds crisis for the last few months."
According to the statement, the Central government is actively preparing a revival plan for BSNL for approval by the Cabinet.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

INVEST WISELY & WITH LOTS OF PATIENCE

*8th Wonder Of Investments*

*10000 invested in EICHER MOTORS* in
1992 - Today 80 lacs
*Time : 25 years*

*10000 invested in ASIAN PAINTS* in
1986- today 90 Lacs
*Time : 31+years*

*10000 invested in HDFC in*
1990 - today 1 cr
*Time : 27+years*

*10000 invested in BRITANNIA* in
1985 - today 1.06 Crores
*Time : 33 year*

*10000 invested in MRF in*
1985 - today 1.10cr *Time : 33 year*

*10000 invested in BOSCH* in
1985 - today 1.20 cr
*Time : 33 year*

*10000 invested in AMARA RAJA* in
1991 - today 1.25 cr
*Time : 33 year*

*10000 invested in SHREE CEMENT* in
1990 - today 2.90 Crores
*Time : 28 year*

*10000 invested in INFY in*
1993 - today 3 cr
*Time : 25 year*

*10000 invested in DR. REDDY in*
1986 - today 10 cr
*Time : 32 year*

*10000 invested in WIPRO in*
1981 - today 400+Crores
*Time : 37 year*

*Dividend Income Extra*

INVEST WISELY & WITH LOTS OF PATIENCE. :

*Power of Equity*

Sunday, June 30, 2019

AIBOC READY FOR indefinite strike

AIBOC President, Mr. Debasish & GS, Mr. Soumya Dutta was firm on putting pressure to IBA & Govt.
Both the President & GS have reiterated their stand that AIBOC will not participate in any Wage Talks meeting unless the pending issues like fractured mandate & Updation of Pension is resolved.
They also informed that AIBOC will go ahead with series of Agitational Programs across the country & sought the wholehearted support & participation of all the members and Retirees in all such activities.
Let's hope for the Best await.
Also hope that this series of Agitational Programs must include indefinite strike 

but  one question regarding strike
 Modi sarkar has come to the power for the 2nd time with overwhelming majority and bank trade Unions r becoming powerless day by day. Govt is well conversant about the strength of unions so all strike, pendown will not be of use.

Last one year AIBOC and AIBEA fighting each other. They have no time to resolved  member problem.

Small savings interest rates cut for July-Sept quarter by Govt of India

The finance ministry, on Friday, cut interest rates for all but one of the 12 for the July-September quarter. This has been done in a bid to speed up the transmission of interest rates and to reduce cost of capital and enable higher lending and thus boost economic activity.
Finance Ministry cuts small savings interest rates for July-Sept quarter
A notification on the website on Friday showed that interest rates for all the small savings schemes, except savings deposits, were reduced by 10 basis points. The savings deposit interest rate was maintained at 4 per cent.
That the interest rates would be cut was expected. Reducing the cost of capital to boost investment has been a stated aim of the Narendra Modi administration in its second term. Part of that was done when the Reserve Bank of India’s Monetary Policy Committee (MPC) cut interest rates thrice. Now the small savings rates have been reduced to speed up the transmission of the interest rates.
In fact, the aim of lowering the cost of capital also reflected in the ruling Bharatiya Janata Party’s 2019 election manifesto. “By lowering inflation and cleaning up the banking system, we are now in a position to structurally lower the real cost of capital,” the relevant sentence in the manifesto stated.
The MPC, which is heading by RBI Governor Shaktikanta Das, had cut the policy rate by 25 basis points and changed its stance to epo rate now stands at 5.75 per cent. This is the third consecutive cut by 25 bps each since February. In all his monetary policies, the Das-led MPC has executed a cut.
Banks have been reluctant to cut their lending rates citing higher interest rates for the  The government hopes that the latest action will lead to banks also lowering the cost of borrowing for corporate and individual borrowers. It believes that the most effective way to boost investment for the corporate entities and consumption for the households is by reducing rates and this putting more money in their hands.
Since April 2016, the government has been setting interest rates on on a quarterly basis to better align them with market rates. However, small savings rates continue to be decided in an arbitrary manner with movements in government bond yields usually not reflecting in the interest rate of these schemes.
The interest rates on all small savings schemes were left unchanged for Apr-Jun due to upcoming Lok Sabha elections, despite government bond yields in the secondary market declining by 29 basis points for the same period, publicly available data on Bloomberg shows. Interest rates on small savings schemes have been tweaked in two of the last four quarters, with October-December seeing a hike of 30-40 basis points.

Friday, June 28, 2019

Murder of Banker **** PO of Canara Bank "Mr. Milindra kumar Madhup

 Murder of Banker ****
PO of Canara Bank "Mr. Milindra kumar Madhup" has been killed during return in late night from his review meeting. No-one will satisfied his family, or remember his fight for life during rush to hospital alone.



पटना।बिहार के लखीसराय से बड़ी खबर सामने आ रही है बतादे कि लखीसराय जिले की कियूल शेखपुरा रेलखंड के सिरारी स्टेशन के समीप गया जमालपुर पैसेंजर ट्रेन में अज्ञात अपराधियों के द्वारा जमुई केनरा बैंक में पीओ के पद पर कार्यरत कर्मचारी को धारदार हथियार से वार कर हत्या कर दी गईं हैं।इस संबंध में मृतक के बड़े भाई मनीष कुमार ने बताया कि मेरा छोटा भाई मिलिंद्र कुमार मधुप जो केनरा बैंक जमुई में पीओ के पद पर कार्यरत थे 26 जून को गया में मीटिंग करने के बाद वह गया जमालपुर ट्रेन नंबर 63616 फर्स्ट पैसेंजर से आ रहा था। जिसे अज्ञात अपराधियों ने तेज धारदार चाकू से वारकर उसे घायल कर दिया गया उन्होंने बताया कि घायल हो जाने के बाद भी वह लखीसराय रेलवे स्टेशन पर अपने से उतरे तथा किसी व्यक्ति के हाथ सदर अस्पताल लखीसराय लाया गया। जहां पर डॉक्टरों ने उन्हें मृत घोषित कर दिया।
इस संबंध में रेल पुलिस एस आई अजय कुमार मिंज ने बताया कि घटना के संबंध में मामला दर्ज कर लिया गया है .शव को पोस्टमार्टम कराया गया है मामले का अनुसंधान किया जा रहा है जल्द ही अपराधी पुलिस के गिरफ्त में होगा

EXPECTED DA FOR BANKER FROM AUGUST 2019 IS MINIMUM 25 SLAB AND MAXIMUM 37 SLAB

Expected DA Calculation Updated on 28.06.2019 on the basis of CPI announced for the month of May'19 ( there is an increase of two points (7167.33.68) CPI index announced for the month of May'19 announced on 28.06.19) & assumptions of CPI for next month as under:-

  1. On assumptions that CPI would remain at least same as of May'19 for next month i.e for June'19. In this situation the expected (tentatively) increase in DA Slabs would come to 33 slabs and the total tentatively revised DA slabs would be 678 i.e. 67.80%.
  2. On assumptions that there would be an increase of one point in CPI data in next month. In this situation the expected (tentatively) increase in DA Slabs would come to 35 slabs and the total tentatively revised DA slabs would be 680 i.e. 68%.
  3. On assumptions that there would be an increase of two point in CPI data in next month. In this situation the expected (tentatively) increase in DA Slabs would come to 37 slabs and the total tentatively revised DA slabs would be 682 i.e. 68.20%
  4. On assumptions that there would be an decrease of one  point in CPI data in next month. In this situation the expected (tentatively) increase in DA Slabs would come to 25 slabs and the total tentatively revised DA slabs would be 670 i.e. 67.0%

Thursday, June 27, 2019

ONLY 40% RURAL PEOPLE AVAIL BANK LOAN REST 60% HAVE NO IDEA ABOUT BANK LOAN

Farmers were unable to avail any kind of loan due to lack of proper information

Loan schemes don’t reach almost 60 per cent people in rural India, says a new survey which also finds climate change to be the biggest challenge for one in five farmers.
The survey, conducted by a rural media platform Gaon Connection, noted that the next generation in 48 per cent farming families does not want to pursue agriculture.

A farmer's story

At least 43.6 per cent farmers said they did not get the correct price for their produce, said the survey conducted among 18,000 rural respondents across 19 states, including Uttar Pradesh, Bihar, Madhya Pradesh, Maharashtra, Punjab, West Bengal and Telangana.
The survey -- released ahead of the Union Budget next week and exploring issues such as water scarcity and law and order -- found that a massive 59 per cent of farmers were unable to avail of any kind of loan, often because of lack of proper information.
Only 25 per cent and 15 per cent of the respondents said they took loans amounting up to Rs 50,000 and Rs 5 lakh, respectively.
“Thirteen per cent of the respondents said that high debt was their biggest challenge, and some 17 per cent said that high input cost -- the high prices of seeds, fertilisers, pesticides and other raw materials for their agriculture -- is their biggest problem,” it said.
As many as 62 per cent farmers said they wanted to decide the selling price of their produce instead of letting the government do the job, while 30 per cent were found to be satisfied with the status quo as far as pricing was concerned.
“There are no credible means and platforms for the central and state governments to know what’s on the mind of the rural citizen. Our surveys want to constantly find out, what does rural India want and what are its real priorities,” said Neelesh Misra, founder, Gaon Connection.
At least 19 per cent of the respondents surveyed recognised that climate change is happening and said sudden and unexpected weather changes are now the biggest challenge to their crops.
Millions of farmers across the country have to deal with sudden hailstorms, unseasonal rains, excessive heat and cold that affects agriculture and livelihoods, the survey said.

Water, irrigation and other issues

Every third woman living in Indian villages has to walk, on an average, half a kilometer to fetch water, it found.
Only eight per cent of villagers said they get piped water at home.
At least 61 per cent respondents said their households get water through public taps or hand pumps.
Improving access to irrigation alone will address many of their problems related to agriculture, said 41 per cent of the respondents. 20 per cent of the respondents said the soaring prices of diesel were a major concern.
The survey noted that most of those living in rural India now use the Internet for information dissemination.
“Thirty-eight per cent of them said they use the Internet for accessing social media platforms like Facebook and WhatsApp, 30 per cent said they use the Internet to get any kind of information and 15 per cent said they don’t have Android mobiles,” it added.
Stray cattle is a matter of big concern in the villages of Uttar Pradesh and other states. “Attacking herds of cattle have wounded, even killed farmers,” the survey said, referring to the destruction of crops.
When sick, 36 per cent rural Indians -- one in three -- go first to a private doctor while 44 per cent depend on nearby government hospitals for the treatment of their illnesses.
Discussing law and order, the survey said 35 per cent felt police is doing a good job but 26.1 per cent found police officers often misuse the power that they have.
People in rural India spends most of their earnings on family functions and only 10 per cent said they managed to save anything.
The Indian rural survey was carried out by a team of 175 surveyors.

Please Speak for the Banking Workforce*

To The MDs & CEOs All Public Sector Banks of India  *Subject: An Appeal from Your Junior Colleagues - Please Speak for the Banking Workf...

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