Feature Post

UFBU Calls Off Nationwide Bank Strike on 24th and 25th Mar 2025 After Assurances from Finance Ministry and IBA

I n a significant development on March 21, 2025, the United Forum of Bank Unions (UFBU) has decided to call off their two-day nationwide strike, which was originally planned for March 24 and 25. This decision was made after the UFBU received positive reassurances from both the Finance Ministry and the Indian Banks’ Association (IBA) regarding their key demands. The banking unions, under the umbrella body of UFBU, represent employees from nine major unions across the country, including AIBEA, AIBOC, NCBE, AIBOA, and BEFI. The unions had earlier called for the nationwide strike to protest against several ongoing issues that they believe impact the welfare and job security of bank employees. Key Issues Behind the Proposed Strike The strike was initially called by UFBU to address a range of pressing concerns, some of which have been lingering for years. The union's main demands included: Five-Day Workweek for Bank Employees:  One of the most anticipated demands was the implementation o...
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Quick Refernce Guide for CAIIB-Retail Banking Part 5 of 5


14.   Annual Depreciation
a.   Straight Line Method – Depreciation is allocated uniformly over life of the property and generally adopted for tax calculation

Annual Depreciation D = C-S/n
        Where C – Original Cost
                   S – Salvage Value
                    n- Building Life (in Years)

b.   WDV (Written Down Value) Method – It is assumed that the property will lose value by a constant percentage of its value at the beginning of the year. The amount of depreciation goes on reducing every year because when depreciation is charged at fixed percentage, the capital value of asset decreases by depreciation charged every year.
                WDV = C (1- p)n
Where C – Original Cost
n- Life in years
p – Percentage


Part 1         Part 2       Part 3       Part 4 
Other Important Topics

RetailBanking  - > Valuation of RealProperty

      YP - Year Purchase

      FSI/FAR (Floor Space Index or Floor SpaceArea)
      Sinking Fund
      Depreciation
Retail Banking – > Lender’s AppraisalProcedure
Moratorium
Powerof attorney
EquatedMonthly Installment (EMI)
Check-offFacility
         Loan Repayment through Post Dated Cheques (PDCs)

Mortgage As Security

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