Bad Loans written off by public sector Bank

Banking Industry will get 5 days banking soon

Customers should wait for investigation before filing case in Bank Transactions Dispute

The District Consumer Disputes Redressal Commission, Chandigarh, has dismissed a complaint filed against Kotak Mahindra Bank over alleged unauthorised credit card transactions, saying the case was premature as the matter was still under investigation.

The Commission, headed by President Amrinder Singh Sidhu and Member B.M. Sharma, noted that the bank had not yet taken a final decision on the disputed transactions.

The complainant, Joginder Singh, said that while checking his credit card statement dated January 15, 2025, he noticed two transactions of ₹19,520.29 and ₹31,040.25, both dated December 23, 2024, which he claimed were unauthorised. He also stated that he did not receive any transaction alerts.

After contacting the bank’s customer care, the amounts were initially credited back to his account. However, later, ₹19,520.29 was withheld by the bank citing an ongoing investigation, while ₹31,040.25 was shown as unbilled outstanding, with the complainant being informed that he would have to pay the amount if the issue was not resolved.

Alleging poor service and unfair practices, and stating that repeated emails did not bring any final solution, the complainant approached the Consumer Commission seeking refund, interest, compensation, and legal costs.

Kotak Mahindra Bank, its Nodal Officer, and the Reserve Bank of India did not appear before the Commission despite receiving notices and were proceeded against ex parte.

After examining the case, the Commission observed that the complainant himself admitted that the ₹19,520.29 transaction was still under investigation. For the second amount, the Commission referred to an email dated August 11, 2025, in which the bank stated that the refund depended on a response from the beneficiary bank.

Since neither transaction had been finally decided by the bank, the Commission held that the complaint was filed too early. It ruled that no findings could be given at this stage.

Bank of Maharashtra issues Strict Order: No Leave to Be Granted on December 26

 The Navi Mumbai Zone of Bank of Maharashtra has issued a strict directive instructing all branches under its jurisdiction not to sanction leave for any staff member on December 26, 2025. The order has been circulated with high importance to ensure smooth completion of quarterly and year-end targets.

In an email sent by Zonal Office, branch managers were informed that several key performance parameters are still pending and targets have not yet been met. To avoid disruption during the crucial year-end closing on December 31, 2025, all staff must remain available. The communication clearly states that:

• No leave should be approved for December 26, 2025.
• If any leave has already been sanctioned, it must be cancelled immediately and the concerned employee must be informed without delay.
• The instruction applies not only to branch staff but also to Branch Managers.

People on the social media platform X are criticizing the bank for not allowing leave. What do you think of this – let us know in the comment section below

With this act bank strike is illegal

Locker facilty start at ultadanga branch pnb

Today our esteemed Circle Head, DGM P.K Dwary  sir along with AGM Viswaroop sir officially opened the newly revamped locker facility at our branch. The ceremony was attended by employees, and valued customers, marking a significant milestone in our commitment to providing exceptional banking services.

The locker facility, designed with the latest security features and customer convenience in mind, offers a range of locker sizes to cater to diverse customer needs. The state-of-the-art vault is equipped with cutting-edge security systems, ensuring maximum safety and security for our customers' valuable possessions.

_Friendship Recession_ article in Harvard Business Review

_Friendship Recession_

article in Harvard Business Review. It said:_

1. *Friendship Recession* – A rapid decline in friendships is increasing worldwide.

2. From 1990 to the present, the number of people in the U.S. saying “I have no close friends” has risen *fourfold* to *12%*.

3. Meanwhile, those with *10 or more close friends* have dropped by *one-third*.

4. A similar situation is observed in *India’s urban areas* – acquaintances are increasing, but *genuine friendships are decreasing*.

5. Earlier, people used to interact with strangers in cafes, clubs, or events. Now, people remain *alone even in crowds*.

6. In the U.S., the number of people *eating alone* has increased by *29%* in the last two years.

7. *Stanford University* has even started a *course on friendship*.

8. This is not just a social issue, it is a *cultural problem*.

9. Making time for friendship is no longer a luxury but a *necessity*.

10. Loneliness is becoming an addiction. If we don’t value friendship, we will lose not only new friends but also old relationships.

*Research shows:*

1. Loneliness increases the risk of *heart disease, dementia, and premature death*.

2. It is as harmful as *smoking 15 cigarettes a day*.

3. Friendship is essential for *mental, physical, and emotional health*.

4. According to *Harvard’s 80-year study*, the key to true happiness and health is *close relationships*.

5. Money can be earned, status can change, but a *true friend* is one who stands by you in every situation.

6. Friendship is a *wealth that never depletes*. So don’t settle for mere acquaintances – give importance to friends because *good friends are true wealth*.

7. *Nurture friendship*, make time, forgive, create memories.

8. Life becomes more beautiful with true friends💕🌸

From ex GM wall

UIDAI New Aadhaar Card Redesign – Full details✨

🔐🇮🇳 UIDAI New Aadhaar Card Redesign – Full details✨

The Unique Identification Authority of India (UIDAI) is all set to completely redesign the Aadhaar card. The new Aadhaar card will be released across the country from December.

This new Aadhaar card is being designed with privacy & security as its main objective.

🔴 🔻 Old Aadhaar vs New Aadhaar — Key Differences

🆕 What will the new Aadhaar card look like?

Only:

✔️ Photo

✔️ QR Code

will be visible on the card.

These details that were present in the old Aadhaar will no longer be visible:

❌ Name

❌ Aadhaar Number

❌ Address

❌ Date of Birth

❌ Gender

That is, no personal information will be printed on the card.

🔐 🔻 What is in the QR code?

 The QR code in the new Aadhaar will contain:

➡️ Name

➡️ Aadhaar Number

➡️ DOB

➡️ Address

➡️ Gender

➡️ Biometric verification data (in encrypted form)

All will be encrypted.

This QR code can be decoded by:

✔️ Government authorized scanners

✔️ UIDAI official apps

✔️ Verification devices

Only.

Hotels, event managers, offices, anyone cannot view the data by taking a photocopy.

🛡️ 🔻 Why such a big change?

According to UIDAI, the purpose of the new Aadhaar redesign is:

🔸 1. Privacy Protection: Currently, hotels, event organizers, private offices— take photocopies of Aadhaar and store names, addresses, DOB, Aadhaar numbers. This is a big risk of data leakage. This is impossible in the new Aadhaar. 

🔸 2. Stopping Aadhaar data misuse

Thousands of frauds are being committed through Aadhaar photocopies.

Since the new card does not have printed information:

➡️ Data misuse

➡️ Cloning

➡️ Fraud activities

The problems will be reduced significantly.

🔸 3. Upgrade to meet Digital India standards

UIDAI aims to:

Make the entire identity system secure, clean and tamper-proof.

The new QR code-based system is designed to meet world-class security standards.

🕵️‍♂️ 🔻 What will change in the future?

✔️ It is safe to give your Aadhaar card to anyone

Because there are no printed details.

✔️ Even if hotels / gated communities / event entries / banks

They take a photocopy of your card —

👉 None of your personal data will be visible.

 ✔️ Digital Verification Only

Data is confirmed through a single QR code scan.

📅 When will the new Aadhaar be available?

➡️ Release from December

➡️ Distribution across the country in a phased manner

➡️ Old Aadhaar will remain valid, but it is possible to recommend switching to the new Aadhaar.

🔥 This is the biggest privacy reform in India's digital identity system!

With this decision, UIDAI is entering a new phase in the data security of Indian citizens.

Number of branches of Banks in India, Check State Wise List

Banks have Rs.2,34,51,838 crore Deposits, Check State Wise Deposits by Banks in India

If life certificate is not submitted by pensioner; before stopping his pension, _it is the duty of the bank to visit the house of pensioner and know the readon for not submitting

@Kumarswami507

Here is the summary of the Karnataka High Court Writ Petition No. 405/2023 :

*The Case — Facts*

• The petitioner was H. Nagabhushana Rao, a 102-year-old freedom fighter, receiving pension under the Swatantra Sainik Samman Gaurava Dhana Pension Scheme.

• His pension was stopped from November 2017 because he did not submit his Life Certificate for 2017-18 in time.

• Later, on 24 December 2018, he submitted the Life Certificate.

• By then, arrears had accumulated — around ₹3,71,280.

• The High Court ordered that pension must be released with 6% annual interest from 24 December 2018 until payment.

• The Court also imposed ₹1,00,000 as costs (fine) on the respondents for wrongfully stopping the pension of such an elderly pensioner.

• The Court gave two weeks’ time to make the payment.

*Conclusion*

• *True parts:*

• Pension was wrongly stopped.

• Court ordered arrears + 6% interest.

• Costs of ₹1,00,000 imposed.

• Payment ordered within 2 weeks.

• *Exaggerated/False parts:*

• 18% interest” if not paid in 2 weeks (not in order).

• Bank must visit every pensioner before stopping pension (applies only in special circumstances, not for all).

So yes, the judgment exists and is helpful, but the *WhatsApp forward is misleading because it makes the ruling look like a general law for all pensioners, when in fact it was a specific relief for a 102-year-old freedom fighter.*

PSBS'LOAN WRITE OFF AT 6.15 LAKH CR IN 5 YEARS

No xash deposit fees No digital limit in Basic account

Sabbatical Leave Rules for Women Employees in Banks

The Government of India provides Sabbatical leave for women employees of Public Sector Banks to help them meet their special needs during their career. The Sabbatical Leave Scheme for women employees of the bank is provided to address their special problems during their careers. Women employees can request sabbatical leave for any purpose such as medical reasons, care of family members or children, higher studies, or visiting their spouse.

Who can apply for Sabbatical Leave?

The employee applying for sabbatical leave should have completed a minimum of 5 years of service. Sabbatical leave before completing 5 years of service will be granted only in exceptional cases and must be approved by the authority next above the competent authority as mentioned in the scheme. However, the following employees are not eligible for sabbatical leave:

If during the sabbatical leave there is a change in circumstances and the employee wants to withdraw or reduce the leave, this will be allowed only after completing a minimum period of 3 months of sabbatical leave, and a request must be submitted at least 15 days before resuming duty. During the sabbatical leave, the employee is not allowed to take up any other job, business, vocation, or profession.

Employees on sabbatical leave will not be allowed to take part in any promotion process during the leave period, even if they are otherwise eligible. The competent authority has full discretion to approve or reject the request for sabbatical leave based on the bank’s requirements, and the reasons for rejection must be recorded in writing. The decision on approval or rejection will be communicated in writing to the employee. If an employee is allowed to rejoin duty before the approved leave period ends, the leave already taken will still be treated only as sabbatical leave and will not be converted into any other type of leave

• employees serving abroad under special arrangements or bonds,
• employees who have executed service bonds and have not completed them,
• employees against whom disciplinary proceedings are pending or who are under suspension,
• employees appointed on a contract basis, and
• any other category of employee as may be specified by the Board of Bank.

What is the duration of Sabbatical Leave?

The period of sabbatical leave shall be a maximum of 2 years during the entire career, and it must be taken for at least 3 months at a time. The leave cannot be taken more than once in a year.

Important Points of Sabbatical Leave

Only completed years of service will be counted to decide the minimum eligible service. A request for sabbatical leave will not take effect unless it is accepted in writing by the competent authority. The employee must apply for sabbatical leave at least 15 days before the intended start date. If the leave has already been sanctioned and the employee wants to withdraw it before starting, she must give at least 7 days’ notice.

CBI Arrests Branch Manager and a Contractual Employee of UP Gramin Bank, Azamgarh in a Bribery Case. Stay honest, stay safe.

If Bank gives Home Loan, Can it be treated as Financial Creditor? Is Builder Liable to Pay?

 The National Company Law Appellate Tribunal (NCLAT), New Delhi bench of Justice Ashok Bhushan and Mr. Arun Baroka (Technical Member), has given an important decision – if a Bank gives Home Loan, then can it be treated as a Financial Creditor or not?

The Court held that a bank giving loans to homebuyers cannot be treated as a financial creditor in the Corporate Insolvency Resolution Process (CIRP) of a builder. This is because the loan was given to the homebuyers, not to the corporate debtor (builder). The Tribunal also noted that the builder had never agreed to repay the bank if the homebuyer failed to pay. Therefore, the bank’s claim does not qualify as a “claim” under Section 3(6) of the Insolvency and Bankruptcy Code (IBC).

The NCLAT examined the tripartite agreement and found that the builder had no responsibility to repay the loan. Its role was only to facilitate the transaction. The Tribunal said, “None of the clauses of the Tripartite Agreement cast any obligation on the corporate debtor to make repayment of the loan to the bank.”

Regarding the indemnity clause, the Tribunal clarified that “Clause 41 does not create any indemnity in favour of the bank. It only records the builder’s acceptance of the agreement terms.”

The Tribunal held that a financial debt must involve disbursal of money against consideration for the time value of money. In this case, the builder neither received the loan as a borrower nor took any financial responsibility. Therefore, the amount could not be treated as a financial debt.

Relying on the Axis Bank judgment, the Tribunal stated that banks giving home loans cannot be considered financial creditors of the builder. It observed that a tripartite agreement alone does not change the nature of the loan, which remains a loan between the bank and the homebuyer, not the builder.

5 days banking ever or never

*Dear Comrades,*

We must stand united and support every call given by our union. Only with strong unity can we achieve our goals.

*5-day banking*

Earlier, strike calls often included many different demands. Because of this, the government authorities would agree to only one small point, the strike would get deferred, and our main demand of 5-day banking kept getting delayed.

Now, *AIBOC has taken up 5-day banking with a focused strategy and proper planning. This time there is only 1 agenda - 5 DAYS BANKING*. When a strike is based on one clear demand, the pressure on the government increases, and the chances of success are much higher.

This is the right time for us to show our full strength. We must support every call of our Association—AIBOC and AIPNBOA — as we always have. Unity is our power, and with strong unity we will definitely achieve 5-day banking.

The movement has gained momentum. The government will not give it easily—we have to continue our struggle and claim it as our right.

Let us motivate ourselves and also inspire others.

*Let’s come together and make 5-day banking a reality.*

Regards

🚩🚩🚩🚩🚩