11th, 28th,29th and 30th September Bank Strike

Mega merger in banking Industry waiting

Public Sector Banks (PSBs) are being reorganized into three major bank groups as per the new plan announced by the Government of India and the RBI.

Updated Bank Groups:

*SBI Group*:

SBI + Bank of Maharashtra + UCO Bank + Punjab & Sind Bank

*Canara Bank Group*:

Canara Bank + Union Bank of India + Indian Bank + Bank of India

*PNB Group*:

PNB + Bank of Baroda + Central Bank of India + Indian Overseas Bank

This PSB restructuring plan is expected to be implemented soon by the Government of India and the RBI. This is for information,,

UFBU Signals Indefinite Strike Over 5-Day Banking, PLI and Other Issues

UFBU Signals Indefinite Strike Over 5-Day Banking, PLI and Other Issues

UFBU is working on an agitation programme covering five-day banking, PLI and other pending issues. The proposed programme could include indefinite strike action and massive demonstrations, with the detailed schedule awaited.

The United Forum of Bank Unions (UFBU) is preparing an extensive agitation programme on key pending banking sector issues, including five-day banking, the Performance Linked Incentive (PLI) scheme and other residual issues.

According to information shared with Kanal, the proposed programme could include indefinite strike action along with massive demonstrations. The detailed programme is currently being worked out and is expected to be announced soon.

Speaking to Kanal after the UFBU meeting, Prem Makker, General Secretary, INBOC, said “We will have extensive strike action programmes including indefinite strike action on issues of 5 days, PLI and other residual issues.” 

He further said, “Detailed programmes including massive demonstrations programme are being worked out and announced by tomorrow hopefully.” 

UFBU is preparing an agitation programme covering five-day banking, PLI and other residual issues, with indefinite strike action also indicated. The formal announcement will provide further details on the exact dates and scope of the proposed industrial action. 

Bipartite meeting with IBA

Number of Branch closed by public sector banks during the last 5 years

Enhancement of gratuity celling from 20 lakh to 25 lakh

Historic Reform for India's Banking Sector!

🏦 Historic Reform for India's Banking Sector! 🇮🇳

The Lok Sabha has passed the Bankers' Books Evidence Bill, 2026, replacing the 135-year-old Bankers' Books Evidence Act, 1891.

📌 What changes?

✅ Digital & electronic bank records are now legally valid evidence in courts.

✅ Cloud-based, virtual, and future digital banking records are officially recognized.

✅ Certified electronic copies have the same legal status as certified paper records.

✅ Authentication through manual, electronic, or digital signatures is allowed.

✅ Banks can submit records in electronic or physical form, helping speed up legal proceedings.

✅ The Central Government can extend these provisions to other financial institutions if needed.

💡 Why is this important?

The old law was made in 1891, when banking was entirely paper-based. This new legislation modernizes India's legal framework for the digital banking era, reduces paperwork, improves operational efficiency, and supports faster resolution of court cases involving bank records.

📲 A major step towards a smarter, paperless, and technology-driven banking system.

What do you think about this digital transformation? Share your views in the comments. 👇

#Banking #DigitalBanking #BankersBooksEvidenceBill2026