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...
0

Retail Banking Quiz1

1. Public sector banks in India follow the model of ……

   a. Departmental approach
   b. Strategic Business Unit approach
   c. Integrated approach
   d. all the above

Ans. Departmental approach

2. Securitisation Process involves the following :

   a. The lender first selects the assets they want to securitise.
   b. The issuer (Special Purpose Vehicle) makes payment to the lender       for the loans securitised.
   c. The assets are converted into a pool of securities by the issuer       for the purpose of issuing Pass Through Certificate (PTC) and the       PTCs are sold to other investors who are willing to invest.
   d. All the above.

Ans. All the above.

3. BCSBI codes are reviewed after every …… years.

   a. 2
   b. 3
   c. 4
   d. 5

Ans. 3

4. Returns are more in ……

   a. para banking
   b. corporate banking
   c. Retail Banking
   d. all the above

Ans. Retail Banking

5. By applying Rule 72, rupee will double in 8 years if the rate of    interest is …… % p.a.

   a. 18%
   b. 9%
   c. 8%
   d. 6%

Ans. 9%

6. The form which serves as a data base for cross selling of different    products in banks

   a. account opening form
   b. KYC form
   c. credit card form
   d. none of these

Ans. KY Form

7. Alternet Channels in retail banking refers to ……

   a. ATMs
   b. Internet Banking
   c. Mobile Banking
   d. All the above

Ans. All the above

8. EMI Reset is applicable in case of

   a. Fixed loan borrowers.
   b. Floating rate borrowers
   c. Both A & B
   d. none

Ans. Floating rate borrowers

9. Marketing Mix refers to ……

   a. Product & Price
   b. Promotion & Place
   c. People & Process & Physical evidence
   d. All the above.

Ans. All the above

10. Recovery of loans through Lok Adalats can be resorted to by banks     upto a limit of ……

    a. Rs.2 lacs
    b. Rs.5 lacs
    c. Rs.10 lacs
    d. Rs.20 lacs

Ans. Rs.10 lacs

Comments

Post a Comment