High level committee meeting will be held today for 5 day's banking

Bank offer day salary for working on 27.09.2026

This detailed breakdown of multiplying factors across different BPS batches under the RBI formula

This detailed breakdown of multiplying factors across different BPS batches under the RBI formula explains the calculations clearly. Please review the details shared here carefully and share your thoughts. #newsupdate #ubfu #NewsUpdate
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Big Robbery in UCO Bank in Jharkhand, Gold and Cash stolen

A major bank robbery took place at a UCO Bank branch in Dhanwar market, located in the Giridih district of Jharkhand, on Thursday. Five armed criminals entered the bank in broad daylight and looted gold jewellery worth approximately ₹3–4 crore and cash amounting to ₹10–12 lakh from the bank lockers.

According to initial information, around Rs 10 lakh cash, cash from two customers and jewellery worth around Rs 4 crore kept in the locker were looted in the incident.

According to the bank manager, the five criminals entered the branch at around 12:44 pm. All of them were carrying weapons. As soon as they entered the bank, they held the employees and customers at gunpoint and took control of the premises

One of the criminals pointed a gun at the bank manager’s head, while the others held the remaining employees and customers hostage one by one. They then started collecting the gold jewellery and cash kept in the bank lockers. The criminals created panic inside the branch and carried out the entire robbery in approximately 20 minutes

The bank manager estimated that the stolen gold jewellery was worth around ₹3–4 crore, while the criminals also took away approximately ₹10–12 lakh in cash. After completing the robbery, all five criminals fled from the spot.

After receiving information about the incident, Dhanwar Police Station In-charge Brajesh Kumar reached the bank with his team. Khori Mahua SDPO Amarendra Kumar also arrived at the branch along with other police personnel and started an investigation.

Police are questioning bank employees and eyewitnesses to gather information about the robbery. They are also investigating the route taken by the criminals while escaping and other details related to the incident.

The robbery has raised serious concerns about security arrangements in the area, as the UCO Bank branch is located just around 200 metres from the Dhanwar police station. The fact that five armed criminals managed to carry out such a major robbery in broad daylight, so close to the police station, has raised questions about local security arrangements.

Temporary Employees Cannot Claim Continuation as a Matter of Right

The Andhra Pradesh High Court has held that temporary employees cannot claim continuation in service as a matter of right after their fixed tenure expires, even if their appointments have been extended repeatedly. The Court made the observation while dismissing a writ petition filed by 12 temporary employees of Sri Venkateswara University, Tirupati, who challenged the discontinuation of their services without prior notice or formal termination orders.

Justice Balaji Medamalli, sitting as a Single Judge, observed that the employees had been appointed only for fixed periods and that their temporary engagements did not give them an enforceable legal right to continue beyond the tenure mentioned in their appointment orders. The Court said that when a fixed period of engagement expires, the service comes to an end automatically with the passage of time. Such expiry cannot be treated as termination requiring compliance with the principles of natural justice.

However, the Registrar later orally instructed them not to report for duty. When the employees made enquiries, they learnt that the Registrar had received instructions from the Vice-Chancellor not to extend the engagements of daily-wage employees until further orders. As a result, the petitioners were discontinued from service.

Challenging the university’s decision, the 12 employees approached the High Court under Article 226 of the Constitution of India. This provision empowers High Courts to issue writs for the enforcement of legal rights. The petitioners argued that their services had been discontinued without prior notice, a formal termination order or an opportunity to be heard. They claimed that the action violated the principles of natural justice and their fundamental rights.

The employees also relied on the principle that an ad hoc employee should not be replaced by another ad hoc employee and should be replaced only by a regularly selected candidate appointed through the prescribed recruitment process. They argued that their repeated extensions and continued work supported their claim for protection against discontinuation.

The university opposed the petition and disputed the claim that the employees had been in continuous service. It submitted that each engagement was for a fresh fixed period of 89 days, followed by a break of one working day before the next engagement. According to the university, the appointments had been made outside the regular recruitment process, and the available workload was insufficient to justify permanent engagement. The university therefore decided not to grant further extensions.

All India Bank Strike on 30.11.2026:

All India Strike on 30.11.2026: SBI Sponsored RRBs Union Announced for 15 key demands.

SBI-sponsored Regional Rural Banks (RRBs) की Coordination Committee of Unions ने 30 November 2026 को सभी 9 SBI-sponsored RRBs में All India One-Day Strike का नोटिस जारी किया है। इसके अलावा, 1 November 2026 से SBI Life, SBI General, Mutual Funds सहित सभी Third-Party Products की बिक्री और Cross-Selling के पूर्ण बहिष्कार का आह्वान किया गया है।

यूनियनों ने SBI Management पर कर्मचारियों के साथ भेदभाव, Secondary Citizen Treatment, अनुचित Categorisation और Target-Based Sales Pressure जैसे गंभीर आरोप लगाए हैं।

15 प्रमुख मांगें (Charter of Demands):

1. RRB Categorisation: A, B, C Categorisation समाप्त कर समान सुविधाएं लागू हों।

2. Perquisite Tax: Staff Benefits पर मनमानी Tax Deduction बंद हो।

3. Insurance Orders: अनिवार्य Insurance Facilitator/Specified Person नियुक्ति आदेश वापस हों।

4. Manpower Autonomy: Manpower Policy में RRB Boards को पूर्ण स्वायत्तता मिले।

5. Recall of Deputed Officers: SBI के प्रतिनियुक्त Scale IV/V अधिकारियों की वापसी हो।

6. 12th BPS & 9th Joint Note: सभी प्रावधान पूरी तरह लागू हों।

7. Allowances & Welfare: Sponsor Bank के समान सभी Allowances और Staff Benefits मिलें।

8. Cross-Selling: Third-Party Sales Targets और AARF समाप्त हों।

9. Learning Tests: Mandatory Online Learning Tests एवं Marking बंद हो।

10. Ex-Servicemen: Seniority और Promotion में सेवा अवधि का लाभ मिले।

11. Transfer Policy: पारदर्शी Bilateral Transfer Policy लागू हो।

12. Welfare Fund: Staff Welfare Fund का वार्षिक आवंटन हो।

13. Conveyance Allowance: Sponsor Bank के समान Conveyance Allowance मिले।

14. Board Representation: RRB Boards, PF और Pension Trust में कर्मचारी प्रतिनिधित्व मिले।

15. Residual Issues: सभी लंबित Service Matters और Bipartite Entitlements का समाधान हो।

Programme of Agitation:

- Phase 1: From 5 October: Work-to-Rule एवं Non-Cooperation.

- Phase 2: From 1 November: Third-Party Products का पूर्ण बहिष्कार.

- Phase 3: On 30 November: All India One-Day Strike.

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Financial Result of Indian Banking Sector