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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Retail Banking Quiz2

1. For reverse mortgage loans the age of the applicant should be above

   a. 50 yrs
   b. 55 yrs
   c. 60 yrs
   d. 65 yrs

Ans. 60 yrs

2. The maximum period for Reverse mortgage loan is ……

   a. 10 yrs
   b. 15 yrs
   c. 12 yrs
   d. 20 yrs

Ans. 15 yrs

3. Power of attorney should be......
   a. notarised
   b. registered
   c. notarised and registered
   d. notarised or registered

Ans. notarised or registered

4. The Moratorium period in case of housing loan will be

   a. 12 months
   b. Upto 18 months after the disbursal of Ist disbursement of loan
   c. Three months for completed construction.
   d. Both b and c.

Ans. Both b and c.

5. In the credit information report maximum weightage is given to

   a. payment history
   b. length of credit history
   c. amount owed
   d. Both B & c

Ans. payment history

6. Para banking refers to ……

   a. Distribution of life insurance policies
   b. Distribution of non life insurance policies
   c. Distribution of mutual fund schemes
   d. All the above

Ans. All the above

7. What stands for ANBC ?

   a. Automatic national bank credit
   b. Adjusted national branch credit
   c. Automated net bank credit
   d. Adjusted Net Bank Credit

Ans. Adjusted Net Bank Credit

8. Rate of Interest on Priority sector loans is fixed by :

   a. Govt of India
   b. Board of Directors
   c. NABARD only
   d. RBI

Ans. RBI

9. Which of the following is a direct channel but not a remote channel?

   a. ATM
   b. Branch
   c. Mobile Banking
   d. Internet Banking

Ans. Branch

10. What is correct about rate of interest under DRI scheme ?

    a. 5% below base rate
    b. 7% simple
    c. to be decided by Govt of India presently 6%
    d. 4% simple

Ans. 4% simple

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