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 Quiz3

1. Customer segment whose income level is between Rs.10 lacs
 to Rs.50 lacs is referred as

   a. Mass Affluent
   b. Super Affluent
   c. HNW
   d. None of these

Ans. Mass Affluent

2. As per Maslaw's theory, needs may be classified as

   a. Physical Needs and Safety Needs
   b. Social Needs and Esteem Needs
   c. Self Actualization Needs
   d. a and b and c

Ans. a and b and c

3. Home loans are sanctioned by banks for the purpose of

  a. Purchase of Flat
  b. Purhase of Land and construction
  c. Purchase of House with Land
  d. All of above

Ans. All of above

4. Marketing mix refers to

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

Ans. All the above

5. Prepayment charges collected by branches are crtedited to which account

  a. Interest A/c
  b. Commission A/c
  c. Principle A/c
  d. Suspense A/c

Ans. Interest A/c

6. If Rs. 10000 is invested for 4 years at the interest of 12%. What will be future value
   Hint: FV=PV(1+r)^n

  a. 15700
  b. 16100
  c. 10800
  d. 14600

Ans. 15700

7. The export credit target for foreign banks in India is what % of ANBC

  a. 32 %
  b. 12 %
  c. 40 %
  d. 15 %

Ans. 12 %

8. PSBs are more ____ organized in the process model

  a. Horizontal
  b. Vertical
  c. a or b
  d. None of these

Ans. Horizontal

9. As per the factors of service quality – Empathy means

   a. Helping the customer
   b. extend prompt service
   c. understanding the service expectations from customers point of view
   d. all the above

Ans. understanding the service expectations from customers point of view

10. EMI can be Reset if loan has been taken as

    a. Fixed rate loan
    b. Floating rate loan
    c. Both A & B
    d. None of These

Ans. Floating rate loan

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