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 Quiz4

1. Mumbai has --- benches in Debt Recovery Tribunal

   a. 2
   b. 3
   c. 4
   d. 5

Ans. 3

2. Demat refers to

   a. process of converting physical shares certificates into an electronic form
   b. Once converted, the shares are held in a Demat account
   c. The shares will become interchangeable, identical and fungible assets after demat
   d. All the above

Ans. All the above

3. Warranties on electronic purchases are examples of ____.

   a. Cross selling
   b. Up selling
   c. Down selling
   d. Side selling

Ans. Up selling

4. The customer information is centralized and the functionality is provided across all products in _____.

   a. Horizontally organized model
   b. Vertically organized model
   c. Predominantly Horizontally organized model
   d. Predominantly Vertically organized model

Ans. Vertically organized model

5. What are the standard retail asset products offered by banks?

   a. Housing Loans
   b. Consumer Durable Loans
   c. Car Loans
   d. a, b and c

Ans. a, b and c

6. Retail Banking is a ……

   a. B2C approach
   b. B2B approach
   c. Either a or b
   d. Neither a not b

Ans. B2C approach

7. The basic information is available across products for common services in this organized process model

   a. Horizontally
   b. Vertically
   c. Predominantly Horizontally
   d. Predominantly Vertically

Ans. Predominantly Vertically

8. Discounting is used to determine

   a. The future value of present cash flows
   b. The present value of future cash flows
   c. Either a or b
   d. None of the above

Ans. The present value of future cash flows

9. Minimum amount due (MAD) is calculated at what % of the total current dues of the credit card.....

   a. 5
   b. 7
   c. 8
   d. 10

Ans. 5

10. In a simple registered mortgage the deed of mortgage is to be registered within …… months of its date of execution

   a. 1
   b. 3
   c. 6
   d. 4

Ans. 4

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