28TH 29TH 30 TH SEPTEMBER 2026 BANK STRIKE

Bank can’t treat its Employee like ‘Slave’; Patna High Court slams SBI

The Patna High Court has ordered the State Bank of India (SBI) to reinstate an officer who was treated as having voluntarily resigned after he remained absent from work due to illness. The court said SBI did not properly consider his medical condition and documents or give him a fair opportunity to explain why he was absent.

Justice Harish Kumar heard the case filed by Pankaj Kumar Singh, an SBI officer who had served the bank for more than 30 years. The court observed that an employee cannot be treated like a “slave” and that the bank must follow a fair process before taking such a serious decision against an employee

Officer Joined SBI in 1989

Pankaj Kumar Singh joined SBI in November 1989 as a clerk-cum-cashier at the Gandhi Maidan branch in Patna. He was promoted to Assistant Manager in 2006 and later to Deputy Manager in 2011. In June 2019, he was transferred to the Muzaffarpur Zone.

The dispute arose out of the petitioner’s transfer while he was posted at the Digha Branch of the SBI, Patna. The petitioner had applied for an inter-zone transfer from Patna Zone to Muzaffarpur Zone on 11.03.2019 in terms of the prevailing transfer policy of the Bank.

hereafter, the petitioner was served with a letter bearing No. HR/MK 544 dated 28.06.2019, issued by the Chief Manager (HR) Muzaffarpur, who, at the relevant point of time, was posted at the disposal of RBO, Bettiah.

Around that time, he was diagnosed with acute jaundice and was advised to take complete rest for at least 45 days. He applied for leave and claimed that his leave from July 1 to July 31, 2019, was approved through the bank’s HRMS portal.

While he was on bed rest, he developed severe pain in his legs and was admitted to a private clinic on October 17, 2019. He remained under treatment and was advised complete rest until December.

SBI Treated His Absence as Unauthorised

Singh remained on medical rest until December 13, 2019. After doctors declared him fit, he reported for duty on December 16.

We need 5 days banking

UFBU STRIKE NOTICE — CONCILIATION PROCESS STARTS ⚡

🚨 CLC MEET :BIG UPDATE FOR BANKERS! 🚨

⚡ UFBU STRIKE NOTICE — CONCILIATION PROCESS STARTS ⚡

The Office of Chief Labour Commissioner (Central) has officially taken up the matter of the strike notice served by the 7 constituent unions of UFBU.

📌 Strike Programme: 🔴 11 September 2026 — All India Strike

🔴 28–30 September 2026 — 3 Days Strike

🔴 From 26 October 2026 — CONTINUOUS STRIKE

📄 The notice confirms that the matter has been seized into conciliation under Section 53(1) of the Industrial Relations Code, 2020.

🗓️ Conciliation Meeting:

07 September 2026 | 11:30 AM onwards

📍 Conference Room, Shramev Jayate Bhawan, Sector-10, Dwarka, New Delhi

🔥 NOW THE BALL IS IN THE COURT OF CONCILIATION!

This is not just another meeting.

Bankers are waiting for CONCRETE & FINAL SOLUTIONS on their long-pending demands.

✊ 5 DAYS BANKING

✊ FAIR & UNIFORM PLI

✊ PENDING & RESIDUAL ISSUES

✊ JUSTICE FOR BANK EMPLOYEES

❓Will the conciliation process bring a breakthrough?

❓Will the strike programme continue?

❓Will IBA/DFS finally address the genuine demands of bankers?

7 Unions. One Forum. One Voice. ✊

🔥 BANKERS MUST STAY UNITE

D! 🔥

#UFBU #BankStrike #Bankers #5DayBanking #PLI #BankEmployees #AIBEA #AIBOC #NCBE #AIBOA #BEFI #INBOC #INBEF #BankingSector #BankersUnity #StrikeNotice

#finance

5-Day Banking — Declare It Now!*

*There should be NO meeting or discussion with IBA on the issue of 5-Day Banking before its declaration.*

Our stand should be very clear: 5-Day Banking must be declared first, and only thereafter should any meeting or discussion take place.

Further, the PLI already credited to Scale IV and above should also be reversed/kept in abeyance until IBA and UFBU arrive at a final decision on the pending issues.

We have had enough of assurances and discussions. Now is the time for a clear and concrete decision, not another round of meetings. 

*NO MEETING BEFORE THE DECLARATION OF 5-DAY BANKING.*

*FIRST DECLARE 5-DAY BANKING, THEN DISCUSSION.*

*REVERSE/KEEP THE PLI OF SCALE IV & ABOVE IN ABEYANCE UNTIL A FINAL DECISION IS REACHED.*

✊ *5-Day Banking — Declare It Now!*

Expected DA for Bankers from November 2026

Expected DA Calculation Updated on 31.08.26 on the basis of CPI for the month of Jul'26 with the assumptions of CPI for the months of Aug'26 & Sep'26. The CPI for the month of Jul'26 announced on 31.08.26 as 153.20 with an increase of 1.30 points from Jun'26. (as per revised base year 2016) (The base year was changed from Oct 2020)

1. Keeping in view of recent CPI announced , we may assume there would be an increase in CPI index by 1.40 points in the month of Aug'26 and 1.20 points in the month of Sep'26. Accordingly, on this assumption, we may expect there would be an increase of 3.67% DA in terms of 12th BPS on revised pay. Total 31.50% DA will become payable from Nov 2026
2. On assumptions if there is an increase in CPI index by 1.30 points in the month of Aug'26 and 1.10 points in the month of Sep'26, we may expect there would be be an increase of 3.57% DA in terms of 12th BPS on revised pay. Total 31.40 percentage of DA will become payable from Nov 2026
3. On assumptions if there is an increase in CPI index by 1.20 points in the month of Aug'26 and 1.00 points in the month of Sep'26, we may expect there would be be an increase of 3.51% DA in terms of 12th BPS on revised pay. Total 31.34 percentage of DA will become payable from Nov 2026

Banker's Demanad is right demands

🇮🇳INDIAN ECONOMY 🇮🇳

🏦 Public Sector Banks given — Profit as of March 2026: ₹1.98 Lakh Crore

Despite this remarkable contribution to the nation’s economy, the Government continues to ignore the genuine demands of bankers.

✊ Bankers deserve recognition, respect and justice.

HONOUR THE COMMITMENT — IMPLEMENT 5-DAY BANKING

@PMOIndia

@nsitharaman

@narendramodi

#5DayWeekAndFairPLI

#5DaysBanking

#BankersAreBackbone

Public-sector banks more efficient than private sector banks

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 

New law to make banking rdcords more future

Demand 5 day notice. Hold demonstration on 12th August

DA CHART FOR BANKERS

Da for Banker from Aug'26

On 31.07.26 Govt declared CPI for the month of Jun'26 as 151.90 with an increase of 1.10 points from the previous month i.e. May'26. . Bankers DA calculator is updated hereunder on the basis of CPI for the month of Apr'26 to Jun'26. Earlier the Govt vide their notification dated 22.10.20 (click to view the letter) has changed the Consumer Price base year from 2001=100 to 2016=100 for Industrial Workers.

Calculate your DA on the basis of CPI data announced by the Govt for the months of Apr'26 to Jun'26. DA payable for the period Aug'26 to Oct'26 is 27.83% as per 12^th BPS

Expected DA for Bankers

Banks suffer huge haircuts

Over 8 lakh bank staff to benefit from ibas revised medical insurance policy

RBI permits to operate NRO account with Power of attorney holder with some restriction

RBI permits to operate NRO account with Power of attorney holder with some restriction:

Refer master direction,

Operation of NRO account by Power of Attorney holder

Powers have been delegated to the authorized dealers/banks to allow operations on an NRO account by Power of Attorney granted in favour of a resident by the non-resident individual account holder provided such operations are restricted to:

(i) All local payments in Rupees including payments for eligible investments subject to compliance with relevant regulations made by the Reserve Bank; and

(ii) Remittance outside India of current income in India of the non-resident individual account holder, net of applicable taxes.

(iii) The resident Power of Attorney holder is not permitted to repatriate outside India funds held in the account other than to the non-resident individual account holder nor to make payment by way of gift to a resident on behalf of the non- resident account holder or transfer funds from the account to another NRO account.

Meeting of Charter of Demands

When Vigilance becomes Audit, Justice becomes the Casualty

When Vigilance becomes Audit, Justice becomes the Casualty (जब विजिलेंस ऑडिट बन जाए, तो न्याय की हत्या तय है।)

Vigilance is meant to identify corruption, fraud, mala fide actions and abuse of official position—not to act as a second audit department. The Central Vigilance Commission (CVC) has repeatedly clarified that vigilance action must be based on credible evidence and a clear vigilance angle, not on mere procedural or operational lapses. Yet, in many banking cases, (Presently I, can quote example of more than 10 live cases ) routine operational mistakes are bundled together to inflate charge sheets, while the real question—where is the vigilance angle?—is conveniently ignored.

Even more disturbing is the disregard for the Bank's own Staff Accountability Policy. The policy clearly provides that accountability should ordinarily be confined to officials connected with the preceding three years, should rely on audit observations of the previous four years, and that disciplinary proceedings should ordinarily NOT be initiated where lapses were not detected within two successive audits or beyond the prescribed period, except in cases involving fraud or mala fide conduct. It also states that mere procedural lapses, where an account became NPA due to external factors, should not be the basis for fixing accountability.

Instead of applying these filters, old cases are reopened after six, seven or even ten years, operational issues are portrayed as misconduct, and innocent officers spend years defending themselves. This wastes management time, demoralizes honest bankers, and diverts vigilance from genuine corruption.

Justice is not achieved by making charge sheets longer. It is achieved by making them fair, evidence-based, timely, and consistent with CVC guidelines and the Bank's own policies.

Vigilance should punish corruption—not criminalize bona fide banking decisions.

Suggestions for charter of demands

Your suggestion please

Suggestions for charter of demands

1. *Merger of Special Pay with Basic Pay* 

2. *5-Day Banking*  

Settlement should not signed  without  above two issues

3. *Substantial Salary Hike*  

Basisc should  be atleast equalbto RBI/LIC/GIS + increase  same as last increase for LIC/RBI/GIC

*Regulated working hours with no working on weekend*

*2. Working Conditions & Leave*

- *No calls/office on holidays* + *Fixed EOD time* + *unch break* 

- *Casual leave 12 → 15 days*

- *Paid Child Care Leave* 2 years CCL like Central Govt, till child turns 18

- *Maternity leave*: 9-12 months per child

- *Transfer policy*:  transfer of spouse  working in different PSBs at one place,  no outside zone/state transfer upto scale 3 

- *Equal PLI for all* 

- *Sodexo Meal Vouchers* like LIC

- *Stagnation increment removed*, increment slab 20 → 25-30

- *PF for all PSB like SBI*

- *Security guard* in all branches, 3 shifts + staff recruitment

- *Appointment of Officer/Workmen Directors* in boards

- 

*medical expenses reimbursement without any limit* like in SBI 

*OPS for bankers with immediate  and retrospective  implementation of OPS in case of death/disability in service of NPS covered employees* at par with central government employees

High Court Draws a Red Line on Departmental Inquiries

BIG WIN FOR EMPLOYEES | जबरदस्त  फैसला 

High Court Draws a Red Line on Departmental Inquiries 

Can an employer dismiss an employee only on the basis of documents, without examining a single witness? The Jharkhand High Court has answered with a firm NO.

In a landmark judgment, Justice Deepak Roshan set aside the dismissal of Abhai Kumar, a former Central Coalfields Limited (CCL) employee who had served for nearly 39 years with an unblemished record.

Just before his retirement, Kumar was accused of obtaining employment fraudulently. An inquiry was conducted with 18 hearings, yet not a single oral witness was produced by the management. The dismissal was based solely on documentary evidence.

The High Court held that a departmental inquiry is a quasi-judicial proceeding, and documents do not prove themselves. Their authenticity and relevance must be established through the testimony of competent witnesses. Relying only on documents, without giving the employee a meaningful opportunity to challenge the evidence, violates the principles of natural justice and fair procedure.

The Court quashed both the dismissal order and the appellate order, directing CCL to release all terminal and retirement benefits, including gratuity, provident fund, pension under CMPS-1998, leave encashment and other dues within 12 weeks.

Key Takeaway:

No witness = No proof.

No proof = No valid punishment.

This judgment reinforces the settled principle laid down by the Supreme Court in cases such as Roop Singh Negi v. Punjab National Bank and State of Uttar Pradesh v. Saroj Kumar Sinha—a departmental inquiry cannot become a mere paper exercise.

The report identifies the employee as Abhai Kumar, the employer as Central Coalfields Limited (CCL), and the judgment as delivered by Justice Deepak Roshan. The ruling emphasizes that documentary evidence alone cannot sustain disciplinary charges without oral evidence establishing those documents.

Expected DA for Bankers from Aug'26

Expected DA Calculation Updated on 30.06.26 on the basis of CPI for the month of Apr'26 with the assumptions of CPI for the months of June'26 & Jun'26. The CPI for the month of May'26 announced on 30.06.26 as 150.8 with an increase of 0.90 points from Apr'26. (as per revised base year 2016) (The base year was changed from Oct 2020) 

1. Keeping in view of recent CPI announced , we may assume there would be an increase in CPI index by 1.00 points in the next month. Accordingly, on this assumption, we may expect there would be an increase of 2.10% DA in terms of 12^th BPS on revised pay. Total 27.80% DA will become payable from Aug'26.
2. On assumptions if there is an increase in CPI index by 0.80 points in the next month, we may expect there would be be an increase of 2.04% DA in terms of 12^th BPS on revised pay. Total 27.74 percentage of DA will become payable from Aug'26.
3. On assumptions if there is an increase in CPI index by 0.70 points in the month, we may expect there would be be an increase of 2.00% DA in terms of 12^th BPS on revised pay. Total 27.70 percentage of DA will become payable from Aug'26.

UFBU UPDATE MSJOR DEVELOPMENTS FOR BSNK EMPLOYEES

🚨 UFBU Update | Major Developments for Bank Employees

The latest UFBU circular brings important updates on 5-Day Banking, Performance Linked Incentive (PLI), the 13th Bipartite Settlement, and Pension issues.

Key Highlights:

✅ 5-Day Banking demand continues and has not been withdrawn.

✅ PLI agitation has been kept on hold, but the legal battle is still underway.

✅ UFBU has warned of immediate strike action if the Government implements the unilateral PLI scheme for Scale IV & above officers.

✅ DFS has advised early negotiations for the 13th Bipartite Settlement (BPS).

✅ Pension updation and other retirees’ issues remain on UFBU’s agenda.

This is a strategic pause—not the end of the movement. Bank employees can expect further developments after discussions with the new DFS Secretary and the upcoming High Court hearing.

What are your views? Do you think 5-Day Banking will become a reality soon? Share your opinion in the comments.

#UFBU #5DayBanking #BankEmployees #PublicSectorBanks #PSUBanks #BankingNews #PLI #13thBPS #BipartiteSettlement #BankUnions #IndianBanking #DFS #IBA #PensionUpdation #RuralAndGraminBankersIndia

13th Bipartite Charter of demand committee

One more merger news... Is it true?

One more merger news...

Is it true?

Is it good for Banking Industry?

I don't know is it true or false.

If true all employees of three small bank will gain a lot.

Please Share your Opinion...

PNB CANARA BANK AND ZBI MERGER UNDER CONSIDERATION, GOVT

13th Bapartite for Bank emplyee

Again Bank Merger

Again bank merger

Continuous banking services without lunch break

WHY ARE YOUNG BANKERS LOSING INTEREST IN LONG-TERM BANKING CAREER

🔥 WHY ARE YOUNG BANKERS LOSING INTEREST IN LONG-TERM BANKING CAREERS? 🔥

A decade ago, getting a bank job was a dream.

Today, many young bankers are asking a different question:

👉 "How soon can I move out?"

This should worry every bank management, regulator, and industry leader.

Because the issue is not recruitment.

The issue is retention.

Let's be brutally honest.

India's banking sector continues to attract some of the brightest young minds.

But after joining, many of them encounter:

❌ Excessive work pressure

❌ Late-night office culture

❌ Constant target-driven stress

❌ Frequent transfers disrupting family life

❌ Limited work-life balance

❌ Slow career visibility

❌ Outdated HR practices in a modern workforce era

And gradually, something dangerous happens.

They don't resign immediately.

They disconnect emotionally.

The biggest threat to banks today is not attrition.

It is silent disengagement.

Employees who once joined with passion start working only for survival.

Innovation declines.

Initiative declines.

Ownership declines.

And institutions pay the price.

The younger generation has different expectations.

They are not afraid of hard work.

They are asking for:

✔ Fairness

✔ Growth opportunities

✔ Respect for personal life

✔ Transparent career paths

✔ Modern leadership

✔ Meaningful recognition

And honestly, these expectations are not unreasonable.

👉 "Young bankers are not rejecting banking careers.

They are rejecting outdated workplace practices."

If this trend continues, banks may face a serious leadership vacuum in the coming years.

Because future leaders are built today.

So what should change?

✅ 5-day banking implementation

✅ Transparent transfer and posting policies

✅ Better manpower planning

✅ Performance-focused rather than presence-focused culture

✅ Leadership development programs for young officers

✅ Technology to reduce repetitive workload

✅ Strong focus on employee well-being

The banking industry has successfully modernized its technology.

Now it must modernize its people practices.

Because in the future, the most successful banks will not be the ones with the biggest buildings or balance sheets.

They will be the ones that attract, inspire, and retain the best talent.

The question is:

Are we preparing young bankers for leadership...

Or pushing them toward disillusionment?

Your thoughts please?

#IndianBanking #Bankers #Leadership #HRReforms #WorkLifeBalance #TalentRetention #FutureOfBanking #BankingCareers #RBI #NABARD #DFS

No Fresh Disciplinary Proceedings After Retirement -Supreme Court

No Fresh Disciplinary Proceedings After Retirement -SC 

In a landmark judgment , the Hon’ble Supreme Court of India has held that no disciplinary proceeding can be initiated against an employee after retirement or superannuation.

In State Bank of India & Others vs. Navin Kumar Sinha (2024), the Supreme Court upheld the judgment of the Jharkhand High Court and directed SBI to release the retiral dues of the officer concerned. The Court clarified that a disciplinary proceeding legally commences only upon the issuance of a charge-sheet, and not merely by issuing a show-cause notice or conducting a preliminary inquiry.

The Court interpreted Rule 19(3) of the SBI Officers’ Service Rules and held that the provision permits only the continuation of an already existing disciplinary proceeding after retirement, through a legal fiction of deemed service. However, it does not authorize initiation of a fresh proceeding after retirement.

Case details :- State Bank of India & Ors. vs. Navin Kumar Sinha

* Civil Appeal No. 1279 of 2024

* Decided on: 19 November 2024

* Bench: Justice Abhay S. Oka and Justice Ujjal Bhuyan.  

In the present case, although a show-cause notice had been issued during service, the charge-sheet was served only after the officer had ceased to be in service. The Supreme Court therefore declared the entire disciplinary proceeding without jurisdiction and void from its inception.

This judgment is a significant safeguard for retired employees and establishes an important principle of service jurisprudence: a charge-sheet issued after retirement cannot form the basis of a valid disciplinary proceeding unless expressly permitted by statutory rules.

The ruling is expected to serve as an important precedent in disciplinary matters involving banks, public sector undertakings, and government organizations across the country.

— Dubey & Associates

Supreme Court on : Dismissal from Service

Supreme Court on : Dismissal from Service 

The Supreme Court has reiterated that dismissal from service is the harshest punishment and should be imposed only in cases of grave misconduct. A timely reminder that disciplinary proceedings must be guided by law, proportionality, and natural justice—not by discretion alone. 

One of the most disturbing trends in disciplinary proceedings today, particularly in banks and public sector institutions, is the tendency to impose punishment based on subjective perceptions rather than established legal principles.

The recent observations of the Supreme Court of India have once again highlighted a fundamental principle of service jurisprudence: dismissal from service is the severest punishment and should be reserved only for cases of grave misconduct.

The Court emphasized that before imposing the extreme penalty of dismissal, disciplinary authorities must consider several important factors:

* Length of service rendered by the employee.

* Previous service record and overall conduct.

* Age of the employee.

* Nature and gravity of the misconduct.

* Whether the employer has actually suffered any financial loss.

* Whether the punishment is proportionate to the misconduct proved.

The Supreme Court has made it clear that ordinary mistakes, procedural lapses, minor acts of indiscipline, errors of judgment, or failure to meet expectations cannot automatically justify the economic and professional death sentence that dismissal often becomes.

This principle is especially relevant in the banking sector, where disciplinary authorities frequently deal with complex decisions involving credit, operations, compliance, and administration. Every irregularity is not fraud. Every mistake is not misconduct. Every misconduct is not grave misconduct.

Unfortunately, the remployees with decades of unblemished service are sometimes awarded disproportionate penalties without adequate consideration of mitigating circumstances

The doctrine of proportionality is now a well-established principle of administrative law. Punishment must not only be lawful; it must also be fair, reasonable, and commensurate with the gravity of the offence.

A disciplinary authority exercises a quasi-judicial function. Such authority is expected to possess not merely administrative power but also an understanding of principles of natural justice, evidence, proportionality, and judicial precedents. Decisions affecting the livelihood, reputation, pensionary benefits, and future of employees cannot be based on personal opinions or preconceived notions.

The Supreme Court’s message is clear:

Dismissal should be reserved for grave misconduct such as corruption, fraud, embezzlement, moral turpitude, or conduct that destroys the relationship of trust between employer and employee.

For all other cases, disciplinary authorities must carefully evaluate whether a lesser punishment would meet the ends of justice.

Justice in departmental proceedings is achieved not when the harshest punishment is imposed, but when the punishment imposed is proportionate, reasoned, and legally sustainable.

Ref:- जस्टिस संजय करोल एवं जस्टिस एन. कोटिश्वर सिंह की पीठ द्वारा जून 2026 में दिए गए निर्णय में महाराष्ट्र स्टेट इलेक्ट्रिसिटी डिस्ट्रीब्यूशन कंपनी की एक कर्मचारी की बर्खास्तगी को अनुपातहीन माना गया ।

The Rot Inside Public Sector Banks: A Culture of Circulars, Calls, and Zero Accountability

The Rot Inside Public Sector Banks: A Culture of Circulars, Calls, and Zero Accountability

In today’s public sector banks, fear flows downward and excuses flow upward. From Head Office to FGMO, FGMO to Zones, and Zones to Branches — everyone is busy giving directions and issuing threats. Circulars rain like confetti. Targets are revised every week. Yet actual work? Nowhere to be seen.

Walk into any branch and you’ll find managers who behave like old-school babus. Ask them about the latest interest rate, a fresh RBI guideline, or even a simple circular — and they’ll pass the buck: “Sir, let me check with someone else.” and the officers in lateral entry cadre, directly in scale 2 or 3 ,  the god can only manage them. 

Scale I and II officers, who should be the backbone, are either guiding their own zonal bosses or running behind them. Why? Because they have no time to study or update themselves . Their days are consumed by back-to-back video conferences, preparing defensive slides on why targets were missed, and answering endless data calls from above.

Chief Managers in Zonal Offices spend their entire day on phones, extracting branch data only to forward it upward — DZM to FGMO to HO. This is not banking. This is a reporting bureaucracy dressed in banking uniform. No one has the bandwidth, courage, or incentive to motivate the team below. Leadership has been replaced by compliance theatre.

Compare this with private banks. The difference is glaring: superior IT systems that reduce manual drudgery, aggressive marketing that brings business, strong legal teams that protect the institution, and robust compliance frameworks that prevent disasters instead of reacting to them. Private banks empower people; public sector banks bury them under layers of process and fear.

The result? Demotivated workforce, stagnating business, and customers quietly shifting to private players. The few capable officers who still want to perform are drowning in this sea of meetings and upward reporting.

Public sector banks don’t need more circulars. They need accountability at every level, reduced bureaucracy, real empowerment, and leaders who inspire instead of inspect. Until then, this cycle of “threats from top, excuses from bottom” will continue — while private banks keep eating our lunch.

Time to wake up. The balance sheet is bleeding, and so is the morale.

Disclaimer:- This is my personal opinion and you have all rights to disagree with.

Writer shailendra kr Pandey 

Very Important information about Bank Note

M C SINGLA CASE FOR UPDATION OF PENSION

Rs. 4 crore loan taken from IOB Bank on fake documents, CBI sentences accused to 3 years Jail

The CBI Court, Mohali, Punjab, has convicted and sentenced Samir Dua Partner in a Firm, namely, G.D. Ispat Udyog, Mandi Gobindgargh, Punjab, to Rigorous Imprisonment for Three Years with a Fine of Rs. 15,000 in a Multi-Crore Bank Fraud Case.

The Central Bureau of Investigation (CBI) registered the case against Dalip Dua, Samir Dua, Partners in M/s G.D. Ispat Udyog and others for entering into a criminal conspiracy to cheat the Indian Overseas Bank at Mandi Gobindgarh, Pujab.

The investigation revealed that the accused had illicitly obtained a Cash Credit Limit of Rs. 4 Crore from Indian Overseas Bank based on false and fabricated information resulting in wrongful loss to the bank.

After completion of investigation, CBI filed charge sheet against the aforesaid accused. The Hon’ble Court, after the trial, convicted and sentenced the accused accordingly. Proceedings against the co-accused Dalip Dua were abated following his demise.

SEBI order says Rajesh Exports inflated revenue by more than Rs.15 Trillion

Rajesh Exports, among India’s largest gold processing companies, is facing allegations of inflating its consolidated revenues by more than ₹15 trillion over five years by attributing massive revenues to overseas subsidiaries.

SEBI’s interim order dated June 3, alleged revenue inflation of Rs 15.15 lakh crore during FY21-FY25.

But Rajesh Exports said that the allegations are not true. The company said that we had given them 300-400 GB documents, running into lakhs of pages. We think they have not been able to find the correct documents. The whole confusion has happened there.

In another development, PTI reported that the Ministry of Heavy Industries (MHI) would decide on removing Rajesh Exports from the list of beneficiaries under the production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage in the coming days.

In FY25, REL reported consolidated revenue of Rs 4.23 lakh crore, while profit after tax stood at just Rs 95 crore, implying a net margin of barely 0.02%. In FY24, the company reported revenue of Rs 2.8 lakh crore and profit of Rs 336 crore.

According to experts who reviewed Sebi’s report and the company’s annual reports, the numbers appeared difficult to reconcile. They argued that the business seemed to be operating at margins that were not thin but structurally negligible.

How the investigation started?

The matter originated from a shareholder complaint received in March 2024 that raised concerns over substantial trade receivables reflected in the company’s accounts. Following a preliminary review, Sebi launched a detailed investigation covering the period from April 2020 to March 2024 and appointed BDO India Services as the forensic auditor.

According to Sebi, between 97% and 99% of REL’s consolidated revenue was attributed to overseas subsidiaries, primarily Valcambi. However, Valcambi’s own accounts, audited by KPMG SA, showed only processing-fee income amounting to approximately Rs 3,027 crore over five years.

RBI imposes monetary penalty on Canara Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹41.80 lakh (Rupees Forty one lakh eighty thousand only) on Canara Bank as:

1. the bank did not upload KYC records of certain customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline.
2. the bank classified certain accounts as inoperative, despite the last customer induced transaction being less than one year old in such accounts.

In another update, the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Puran Associates Private Limited as the company failed to reclassify certain accounts as ‘non-performing assets’ upon restructuring

DEPLOYMENT OF BANK OFFICER AND EMPLOYEE FOR NON-BANKING DUTIES

Gratuity at higher rate for service exceeding 30 years. For banker

For bankers who have retired after service exceeding 30 years, refer the judgement dt.01.09.25 in favour of a retired Central Bank of India Bank SM for payment of Gratuity at higher rate for service exceeding 30 years.

Expected DA From Aug'26 for Bankers is minimum 26 slab maximum 31 slab

Expected DA Calculation Updated on 29.05.26 on the basis of CPI for the month of Apr'26 with the assumptions of CPI for the months of May'26 & Jun'26. The CPI for the month of Apr'26 announced on 29.05.26 as 149.9 with an increase of 0.80 points from Mar'26. (as per revised base year 2016) (The base year was changed from Oct 2020)

1. Keeping in view of recent CPI announced , we may assume there would be an increase in CPI index by 1.20 points in the next both months. Accordingly, on this assumption, we may expect there would be an increase of 2.37% DA in terms of 12^th BPS on revised pay. Total 28.07% DA will become payable from Aug'26.
2. On assumptions if there is an increase in CPI index by 0.90 points in the next both months, we may expect there would be be an increase of 2.07% DA in terms of 12^th BPS on revised pay. Total 27.77 percentage of DA will become payable from Aug'26.
3. On assumptions if there is an increase in CPI index by 0.70 points in the next both months, we may expect there would be be an increase of 1.97% DA in terms of 12^th BPS on revised pay. Total 27.67 percentage of DA will become payable from Aug'26.

Target Current accounts

Target Current accounts 

Yes private banks are targeting the Current accounts heavily and Public sector banks are struggling to retain the Current accounts. 

Wonder 1 

Three years back only in Five states the Current account deposits of Private Banks were more than the Govt Banks. Now as at 30-9-2025 it happened in 10 stares . It increased to 13 states as at 31-3-2026.  

Let us see the details state wise :

Rs. In crore 

State.              Govt Banks.  Private Banks 

Haryana.             16,405.      58,580

Karnataka.         63,849.   1,10,183

Delhi.                  86 ,354.   1,00,061

Uttara Pradesh  65, 387.      66,935

Maharashtra  2,32,498.     3,55,875 ( this dominance is horrible). 

Gujarat.              49,247.        85,834

Tamilnadu.       61,050.        81,234

Telangana.       47,758.        50,681

West Bengal.  40,995.         51,335

Jammu Kashmir  1,619.    16,366 ( Thanks to Jammu and Kashmir Bank )

Kerala.              20,590.         32,487

Rajasthan.       24,907.         25,824

Punjab.            12,885.         17,061 

Wonder 2 

In Savings Bank account ( SB) deposits also Private Banks garnered more business in Karnataka state.  

SB deposits.   1,42,637.   2,37,893 

More than 60 % of  Bangalore employees are dealing with Private Banks as per assessment.  

Competition 

Delhi.               2,12,609.     1,92,504

Maharashtra  5,33,760.     4,31,298

Telangana.     1,57,364.      1,23,351

  Wonder 3 

Huge competition in Metro centres 

Branches.      17,816.          14,364

Deposits.    66,51, 057.    58,82,876

Advances.  54,65,572.     48,94,526 

As per the data available more people are preferring Term deposits with Govt Banks and hence  total deposits are more than Private Banks ' total deposits.  

Wonder 4

In Advances also Govt Banks lead in above 100 crore limits to Corporate borrowers as compared to private Banks.  Private Banks are leading in Advances from Rs.1 crore 25 crore range over the Govt Banks.  

Rs.in crore.       GOVT.         PRIVATE 

Limit

1to upto 4.       6,46,112.   .    10,48,935

4 to upto 6.     1,75,905.           3,18,464

6 to upto 10.   2,03,251.           3,53,056

10 to upto 25. 3,22,223.           5,52,575

25 to 100.        5,28,340.           7,69,250

Above 100.    41,11,137.        13,57,114

Advances.   113,34,415.      84,44,603 

Government Banks deposits growth in FY 2025-26 was 9.80% and that of the Private Banks was 13% . Credit growth of Government Banks was 16.1% and in Private Banks it was 12.3% in FY 2025-26.  

WONDER 5 

TOTAL ADVANCES IN STATE on 31-3-2026 

Rs.in Crore 

State.              Govt Banks.  Private Banks 

Maharashtra  27,40,506.     28,39,515

Gujarat.             5,45,321.        5,70,325

Haryana.          2,57,549.        3,69,371

Jammu Kashmir 27,988.         87,392 

Tough competition 

Karnataka.     7,22,598.        5,68,905

Punjab.           2,22,276.        1,87,975

Tamilnadu.   11,15,573.       7,50,298 

common Charter Of Demands (COD) of BANK PENSIONERS (13th BPS wef 01-11-2027):* (21-05-2026)

FIRST TIME IN VANKING INDUSTRY

*common Charter Of Demands (COD) of BANK PENSIONERS (13th BPS wef 01-11-2027):* (21-05-2026)

* First Time in Banking History

* To be submitted to IBA by CBPRO in Jun/Jul 2026

*ALL BANKS:*

1. *IBA Direct Talk with Pensioners:* Associations (CBPRO) for Pensioners issues

2. *Pension Updation on RBI line:* (RBI: 2019, 2023 & 2026) for ALL BPS (Past, Present & Future)

3. *ADDL PENSION:*

Age 65 - 5%, 70 - 10%, 75 - 15%, 80- 20%, 85 - 30%, 90 - 40%, 95 - 50% & 100 - 100%

4. *Common QTLY DA (Base yr: 2016, not 1960) for ALL:*

Merger of DA@8088 (Serving, Retd: Pre Nov 2022 & Retd: Post Nov 2022)

5. *100% DA Neutralisation:* wef 2005 instead of 01-10-2023 (Retd: Pre 2002)

6. *BASIC PENSION Calculation: LAST PAY* or 12/10m Avg pay,  whichever is *higher*.

7. *Min Basic Pen:* Anomaly 

Pre 86 Retd: 10,000

Post 86 Retd: Actual (Less than 10,000)

8. *Basic Pension for SPL ALLOWANCE:* wef 01-11-2012 (10th BPS)

9. *Anomaly: 10th BPS*

Retd Apr 2015: 

STAG taken for last 12m

Retd (May 2015 to Mar 2016): STAG not taken for last 12m

10. *Anomaly: 11th BPS*

AGM STAG (11th BPS): wef 01-11-2020 instead of 01-11-2017

AGM STAG (12th BPS): wef 01-11-2017 instead of 01-11-2020

11. *Tax Excemption Limit - 8 Mon PL - LEAVE ENCASHMENT*@Retirement: 10 Lac to 25 Lac wef 01-04-2016 (Central) instead of 01-04-2023

12. *GRATUITY:* 3 Lac to 10 Lac wef 01-01-2006 (Central, 6th CPC) instead of 24-05-2010.

13. *GRATUITY:* 10 Lac to 20 Lac wef 01-01-2016 (Central, 7th CPC) instead of 29-03-2018.

14. *GRATUITY:* 20 Lac to 25 Lac wef 01-01-2024 (Central)

15. *GRATUITY Calculation Method:*

Include DA, Spl Allow, Above 30 yrs: 45 days per month, Calc: 26 days/Mon, not 30 days/Mon

16. *COMMUTATION RECOVERY:* 15 yrs to 12/10 yrs

*SBI:*

1. *SPL PAY for OFFICER PENSIONERS (6250 + DA) wef 01-11-2017:*  instead of 01-08-2024. Dy Mgr & CM same Pension (12th BPS) anomaly (Affected: 22%, 50000 out of 230000 Pensioners)

2. *50% Pension wef 01-03-1999:* instead of 10-11-2023

3. *Commutation Factor:* 6.60 to 8.194 (PSB)

TOP BANKS BY BRANCH NETWORK

Profiteering Govt Banks vs pvt bank

Profiteering Govt Banks 

The net profit of 12Government Banks is increasing steadily led by State Bank of India.  

Rs.in Crore.     Net profit after tax 

FY 2021-22.           66,543

FY 2022-23.        1,04,649

FY 2023-24.        1,41,202

FY. 2024-25.       1,78,364

FY 2025-26.        1,98,210

However Punjab Sind Bank, UCO Bank are not growing due to huge NPAs and Fresh Slippage of accounts to NPA.  Except SBI other Government Banks are doing more business in Rural areas and Semi Urban centres.  

There is very huge competition from Private and Foreign Banks in all 46 Metro centres having population of above 10 lakh people.  

Net profit of Government Banks in FY 2025-26 was as under : 

Rs. In crore

State Bank.                   80,032

Bank of Baroda.           20,201

Canara Bank.                19,187

Union Bank of India.    18,697

Punjab National Bank 16,904

Indian Bank.                  12,156

Bank of India.               10,527

Bank of Maharashtra    7,019

Indian Overseas Bank  5,208

Central Bank of India.   4,531

UCO Bank.                       2,768

Punjab Sind Bank.        1,322

Private Banks top 11 new ( out of 21)

HDFC Bank.            74,672

ICICI Bank.              50,147

Axis Bank.               24,457

Kotak Mahindra.    19,288

IDBI Bank.                  9,513

Federal Bank.            4,117

Yes Bank.                   3,476

IDFC First Bank.       1,636

Bandhan Bank.         1,224

Indusind Bank.            889

RBL Bank.                     822

The fallout of Indusind Bank from 5th Private bank to last position in last year is a eye opener for Private Banks.  Let us hope it recovers this year. 

However Yes Bank and IDBI Bank  shown Good Turnaround.  Good feature it was. 

IDFC First Bank shown huge percentage growth in Deposit Mobilisation  and 

Advances  but margin of profit was less. 

AU Small Finance Bank Rs. 2,641 crore profit is another good feature.  Now it is becoming a Global Bank,  how it improves to be seen now? 

Mega merger in Bank Again