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No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC

Bank employees have to pay income tax if they had taken loan from their employers at a concessional or interest free rate. ....

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GIFT City bankers may follow global schedule, enjoy five-day work week

The working group said in its recommendations that a five-day work week will align with practices adopted in international financial centres and offshore units of Indian banks. "The government wants to position GIFT City as a major financial hub. All these steps are very important benchmarks for an aspiring international financial centre like GIFT IFSC," said another official. ....

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Bank unions, IBA agree to five-day work week; proposal will need government nod

Banks currently are shut on the second and fourth Saturday of every month ....

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When Banks Undermine Government's Effort To Provide a Safety Net by Stealing Depositors' Money

Public sector banks -PSBs are undermining the government s effort to provide security to the economically underprivileged through a series of thoughtful insurance schemes. ....

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AIBOC observes foundation day

The All India Bank Officers Confederation (AIBOC), the largest trade union representing more than 3.20 lakh officers, on Friday observed its 39th foundation day.                   

The Chhattisgarh unit ....

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