Merger Of Mahila Bank With SBI ?

Merger Of Mahila Bank With SBI ?

Mahila bank may merge with SBI-Times of

 India-30th June 2015

MUMBAI: Former finance minister P Chidambaram's brainchild the Bharatiya Mahila Bank (BMB), launched only 20 months ago, may be merged with the State Bank of India. According to sources, the merger proposal is being discussed within the government considering that the newly started bank will find it a challenge to build a distribution reach.

The bank was started with a capital of Rs 1,000 crore which was provided under the budget. The bank has opened 62 branches, mobilized deposits of around Rs 800 crore and has loans of around Rs 400 crore. Following the announcement in the 2013 budget, the bank was launched in record time in November 2013. But despite the speed of the roll-out, the bank's coverage has been very meagre and large lenders have been able to open more women's account during the same period.

"I do not know the basis of this news and I have not been approached on this...I think this is something they are discussing at the Cabinet," said SBI chairman Arundhati Bhattacharya when asked about the likelihood of a merger. 

DA FOR BANKER FROM AUGUST 2015

Expected DA Slabs for the month of Aug - Oct 2015 will be based on the monthly announcements of Consumer Price Index for the month of April 2015 to June 2015.

Now, today i.e. on 30.06.2015, CPI for the month May'15 announced as 5889.08, earlier CPI for the month of April'15 was announced as 5843.43 and on assumptions that CPI data would remain same as of May'15 for the months of June'15 in that situation the expected (tentatively) increase in DA Slabs comes to 21 slabs for the month of Aug - Oct 2015, the expected DA payable in terms of percentage is as under :2.1% IN NEW SCALE-

In case of DA calculated on pre-revised Pay:- The tentative percentage of increase in DA is 3.15% for the month of Aug - Oct 2015 and total revised DA slabs would be 759 Slabs for above period and total percentage of DA payable on pre-revised pay is 113.85%

DA FOR CENTRAL GOVT EMP

Likely Central D.A. from 1st July 2015 (Updated)

With the release of CPI(IW) No. of May 2015 (Increase of 2 points), It is almost certain that central employees will get another 6% of Dearness Allowance from 1st July 2015.Only one moth's figure (June'15) is needed for the finalcalculation of average of last 13 month's figure. Based on the last 11 month's figure it can be safely predicted that total D.A. will be 119% for the next half year, possibly the last before new pay scale is introduced. Minor increase or decrease of 1/2 points for CPI(IW) No. for June'15 (Which will be released on 31st July) will have no impact on the D.A. from July 1.

Petrol, diesel prices cut

The price of petrol has been cut by 31 paise per litre and of diesel by 71 paise on declining international oil rates and rupee appreciation.

Petrol in Delhi will cost Rs. 66.62 per litre from Wednesday. A litre of diesel will cost Rs. 50.22, Indian Oil Corp (IOC) said.

“Since last price change, there has been a decrease in international prices of both petrol and diesel. Indian rupee-U.S. dollar exchange rate has appreciated during this period. Combined impact of both these factors warrants a downward revision in prices, the impact of which is being passed on to the consumers with this price decrease,” IOC said.

State-owned fuel retailers IOC, Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.

NO LEVY IN UNION BANK

How to read CIBIL’s credit report?

How to read CIBIL’s credit report?

CIBIL’s Credit Information Report (CIR) is one of the useful tools for making credit decision by the lenders. Besides CIR of the borrower, the lender may call for CIR of all the partners, promoters, directors and guarantor to the loan. The CIBIL would supply individual credit information report on each person (including the juristic person) in 5 sections which are as under.
1. Credit scores: 3 digit scores awarded by CIBIL on the basis of accounts and enquiry.
2. Personal information/Identification details: PAN card, Passport, Driving License, voter id, aadhar card etc.
3. Employment information: as reported by the lenders at the time of opening particular loan account/credit card account with them.
4. Enquiry: This section provides with the details regarding the type of loan, size of the loan, date of the loan application etc.
5. Account information: furnishes the details of existing loans and credit card facilities, the name of the lender/s and date of opening each loan account, loan amount, current balance, over dues if any. This section also displays the month on month record up to 36 months of repayments.

JOB NEWS

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