the limits for the loans taken by the employees of primary co-operative societies including urban co-operative urban banks from their respective institutions has been enhanced as per the government order dated 30.12.2009. the overdraft limit has been raised from the present Rs. 50000 to Rs. 100000 and the housing loan limit has been raised from the present Rs. 350000 to Rs. 500000.
BUT, the Government Order cited above states that, the employees have to pay higher inerest rates (equivalent to the interest rates applicable to the ordinary customers) for availing the enhanced loan limits. the employees who avail the earlier lower limits can continue to enjoy the lower interest rates fixed earlier. that is, in essence, the the government order is firmly against the earlier liberal concept towards the employees and it is intended to withdraw the prevailing concessions for the employees.
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pay revision committee to meet on 29th
the next and crucial meeting of the pay revision committee will be held on 29th January 2010 at thiruvananthapuram. the last meeting held on 14th January was concluded without any progress in talks. the management federation has not agreed to the important demands of the unions on stagnation increment, weightage and percentage of merger of DA and percentage of increase. generally it was felt that there will be concensus in the last meeting itself. but the unexpected turnaround of the management federation has broke all the expectations.
we can expect a realistic decision in the next meeting.
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an ideal short term course for the employees of UCBs
Indian Institute of Banking & Finance, a body of banks and financial institutions and professionals in banking and finance industry in India, was established on 30th April, 1928, at the initiative of few eminent bankers, businessmen and industrialists of India. The mission of the Institute is to develop professionally qualified and competent bankers and finance professionals primarily through a process of education, training, examination, consultancy / counseling and continuing professional development programmes. the indian institute of banking and finance, mumbai is conducting Advanced Diploma in Urban Co-operative Banking Examination to build professional competence and enhance decision making skills in urban co-operative banks.
SUBJECTS
(i) Principles & Law of Co-operative Banking
(ii) Co-operative Banking Operations, and
(iii) Technology, Risk Management & Regulation of Co-operative Banks
PATTERN OF EXAMINATION
Question Paper will contain approximately 120 objective type multiple choice questions. The examination will be conducted on-line. There will NOT be a system of negative marking for wrong answers.
ELIGIBILITY
The applicant should be graduate of a recognized university.
For more details, please visit : www.iibf.org.in
an ideal short term course for the employees of UCBs
Indian Institute of Banking & Finance, a body of banks and financial institutions and professionals in banking and finance industry in India, was established on 30th April, 1928, at the initiative of few eminent bankers, businessmen and industrialists of India. The mission of the Institute is to develop professionally qualified and competent bankers and finance professionals primarily through a process of education, training, examination, consultancy / counseling and continuing professional development programmes. the indian institute of banking and finance, mumbai is conducting Advanced Diploma in Urban Co-operative Banking Examination to build professional competence and enhance decision making skills in urban co-operative banks.
SUBJECTS
(i) Principles & Law of Co-operative Banking
(ii) Co-operative Banking Operations, and
(iii) Technology, Risk Management & Regulation of Co-operative Banks
PATTERN OF EXAMINATION
Question Paper will contain approximately 120 objective type multiple choice questions. The examination will be conducted on-line. There will NOT be a system of negative marking for wrong answers.
ELIGIBILITY
The applicant should be graduate of a recognized university.
For more details, please visit : www.iibf.org.in
I am doing concurrent audit of a urban cooperative bank and this site helped me very much..
ReplyDeleteThanks a lot and keep it coming :)