Vacancies for year 2017-18 approved GM-12, DGM-49, AGM-102, CM-250, SM-1175, ScII-2929, ScI-3494, SWO-4970, Peon-1118, Guard-143

Board of the Bank in its meeting approved the vacancies for the year 2017-18 for different posts by way of internal promotions, and/or direct recruitment as under:-

TEG Scale VII (GM):         12 (10+2 Tech.)

TEG Scale VI (DGM):       49 (47+2 Tech.)

SMG Scale  V (AGM):    102 (101+1 Tech.)

SMG Scale IV (CM):      250 (243+7 Tech.)

MMG Scale III (SM):    1175 

MMG Scale II:              2929 (2838+91Tech.)

JMG Scale I:                  3494 [1163 Direct (MT 583 + Tech. 580)+2331 By Promotions]

SWO A:                        4970 (3727 Direct+ 1243 By Promotion)

Peon:                             1118 (Direct) + By Conversion of PTS/FTS (According to Govt. Guidelines i.e. 25% of the vacancies of peons)

Guard:                             143 (Direct)

Conciliation meeting called by CLC at Delhi on 21.02.17 remained inconclusive. Strike call given by UFBU for 28th Feb 2017stands

Conciliation meeting called by CLC at New Delhi on 21st February 2017 remained inconclusive. Strike call given by UFBU for 28th February 2017 stands. All the members are requested to make the Strike A Grand Success.

For detailed circular Click

DA payable to employees for the Quarter Feb. to April 2017 shall be 469 slabs i.e. a decrease of 9 slabs from the current level

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the quarter February to April 2017 shall be 46.90% of ‘Pay’ against 47.80% of ‘Pay’ applicable for the previous quarter. 

DA for Pensioners: An Increase of 14 slabs

UFBU in its Meeting held on 31 Jan at Delhi decided to go on Strike on 28th Feb. 17 on the issues concerning the bank employees

UFBU in its Meeting held on 31st January 2017 at Delhi decided to go on Strike on 28th February 17 on the issues concerning the bank employees. 

For detailed Circular Click:

Write an Article on today's banking topics and win 1st/2nd/3rd/Consolation prize of Rs.5000/Rs.4000/Rs.3000/Rs.1500

Article Writing Competition for “PNB Monthly Review”

Bank invites entries for the “Article Writing Competition 2017’. Considering the current macro-economic environment and looking into the canvas of today’s banking system, the topics for the Competition are as follows:

1. Demonetization and its overall impact
2. Banking: Trends and Challenges ahead
3. Role of the Credit Marketing in Indian Banking
4. Cyber Risk Management and its growing importance
5. Digitalization: Disruption or opportunity for Banks
6. HR Development and its role in current Business Environment
7. Bottlenecks in Resolution of Stressed Assets
The articles with original ideas supported adequately by facts & figures would only be considered in the above said Competition. Further, the articles should be thought provoking and not exceeding 3000 words. The outline of article must include viable solutions to tackle the issues highlighted above. The entries should be e-mailed at and should reach us by 28th Feb’17.
There would be five prize winning entries and the prizes would be as under:
 First prize: Rs. 5000
 Second prize: Rs. 4000
 Third Prize: Rs. 3000
 Two Consolation prizes: Rs. 1500 (each)
The winners would get a certificate and a token gift amount. Further the certificate shall also be given to all the participants. The entries would be adjudged by a team comprising of three General Managers at H.O. The decision of Jury would be final and binding. The results of the Article Writing Competition would be announced through “PNB Monthly Review” and a circular would be uploaded on the Corporate Knowledge site. The winning entries would be published in the subsequent issues of “PNB Monthly Review”.

Madras High Court ruled that dismissed employee is entitled to Earned Leave Encashment benefit.

Madras High Court ruled that dismissed employee is entitled to Earned Leave Encashment benefit.

In the case of T. Veeravinothan Vs. Thanjavur District Central Cooperative Bank Ltd.& Others - W/P/(MD) No. of 1484 of 2016 (Madras High Court)

For judgement Click

Bank has extended the facility of 'Memento on Retirement' to employees opting for VRS under Regulation 29 of Pension Regulations

Bank has decided to extend the facility of memento of Rs.5000/- and contribution of the expenses towards organising function/farewell party for bestowing the Memento @ Rs.40/- per employee, to the employees opting for voluntary retirement from the Bank’s service under Regulation 29 of PNB (Employees’) Pension Regulations, 1995.

Limit of Festival Advance Revised to Rs.25K,30K,35K,50K,60K,85K & 1L for substaff, Clerks, Officers Scale I,II,III,IV&V,VI&VII

The Board of the Bank in its meeting held on 30.12.2016 has approved the revision in maximum limit of Interest Free Festival Advance to its employees to Rs.25000, Rs.30000, Rs.35000, Rs.50000, Rs.60000, Rs.85000 & Rs.100000 for substaff, Clerks, Officers in Scale I, II, III, IV & V and VI & VII respectively.