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

India's Banking Giants with their Massive Profits... #Bank #banking #profit #latestbankupdate #india

India’s banking sector continues to shine with strong FY26 profits and consistent growth! 🇮🇳🏦

India’s banking sector continues to shine with strong FY26 profits and consistent growth! 🇮🇳🏦

From SBI to PSU and private banks, the sector is powering India’s economy with trust, stability, and performance. 💹

#Banking #SBI #HDFCBank 

Breaking! Govt has announced to sell 8% stake in Central Bank of India

The Government of India has announced 8% stake sale in Central Bank of India via an offer for sale (OFS).

Goldman Sachs (India) Securities Private Limited has been appointed as the broker for the seller in the transaction.

What is OFS?

OFS stands for Offer for Sale. It is a process in which the Government or a company sells its shares to investors through the stock exchange. In this case, the Government of India has announced an OFS to sell an 8% stake in Central Bank of India

Shares of Central Bank of India declined as much as 6.5% after this announcement was made by the Government.

In addition, the Centre retained the option to sell an equal number of shares under the oversubscription option. The OFS, if the green shoe option is exercised, is likely to be worth around ₹2,455 crore, based on the closing price of the bank’s stock on Thursday.

Currently, the government holds 89.27% stake in the bank.

Important Points about OFS

 According to the offer document, at least 10% of the offer shares will be reserved for retail investors, while 75,00,000 equity shares have been earmarked for eligible employees of the bank.

 Retail investors will also be eligible to bid at the cut-off price under the OFS mechanism

Meeting is on 23 may at 2 pm to postpone the strike call given by clerk union

INDIA’S BANKING GIANTS

Most corrupted Department in India

Most Profitable Banks in

DFS LETTER TO ALL PSU BANK TO REDUCED EXPENDITURES

RTGS &NEFT PAYMENT IN APRIL 2026

RTGS & NEFT payments in April 2026. 

RTGS total payments by all Govt, Private,  Foreign,  Grameen Banks and Co-operate Banks was Rs.1,92,48,589 crore in April 2026 .

Banks which have done payment of   atleast 1% of RTGS ( Rs.1,92,485 crore )were as per RBI data  as follows: 

Rs. In crore.  Payment.            % to total

HDFC Bank.         40,55,877.      21.07%

State Bank.          24,50,840.       12.73%

ICICI Bank.          22,47,253.        11.67%

Axis Bank.           16,58,533.          8.62%

Kotak Mahindra   5,79,452.          3.01%

Punjab National. 4,68,265.           2.43%

Yes Bank.              4,65,428.           2.42%

Canara Bank.        3,69,876.          1.92%

Bank of Baroda.   3,56,314.          1.85%

Union Bank.          3,55,684.           1.85%

Bank of India.       3,25,865.           1.69%

IDBI Bank.             2,71,650.            1.41%

Indusind Bank.     2,17,045.           1.13%

Foreign Banks 

Citi Bank.            6,46,646.            3.36%

Deutsche Bank  5,13,940.           2.67%

HSBC.                  3,89,506.           2.02%

All other Banks are doing less business in RTGS payments especially Metro cities and urban Towns. State Bank is the only Government Bank giving tough competition in Current accounts and big Customers as compared to Private top four Private Banks. 

Indian Bank,  Indian Overseas Bank,  Bank of Maharashtra,  Central Bank of India,  were nowhere near small Private Banks also.  In case of UCO Bank and Punjab Sind Bank  they are diminishing slowly. 

&&&@@@@&&&%%%****-------

Let us see NEFT payments also in April month 2026. 

Total NEFT payments in April month 2026 were Rs. 44,24,471 crore. 1% works out to Rs.44,244 crore. Banks NEFT payments above 1% were as under : 

Rs. In crore.      NEFT payments.      % to total

State Bank.         5,23,190.                11.82%

HDFC Bank.        4,83,442.                10.92%

Axis Bank.           4,38,387.                  9.90%

ICICI Bank.          4,00,575.                  9.05%

Yes Bank.            3,19,312.                   7.21%

Kotak Mahindra. 1,23,789.                 2.79%

Bank of Baroda.     68,272.                 1.54%

IDBI Bank                 64,709.                 1.46%

Punjab National .   64,024.                 1.44%

IDFC First Bank.     61,914.                 1.39%

Union Bank.             58,794.                 1.33%

Indusind Bank.       52,214.                  1.18%

Foreign Banks 

Citi Bank.             2,13,564.              4.82%

HSBC Bank.        1,47,905.              3.34%

Deutsche Bank. 1,10,724.              2.50%

Stanchart Bank  1,07,024.             2.41% 

The above comments in RTGS topic applies in NEFT payments also. Except SBI all other Government Banks are loosing ground in Metro cities and Urban Towns , in attracting big industrial Customers and Big business men . 

AIBOC GS Com. Rupam Roy goes strict on 5 Day Banking and PLI.

 5 Day Banking: AIBOC GS Com. Rupam Roy goes strict on 5 Day Banking and PLI.

Top 6 Govt Banks after SBI

Top 6 Govt Banks after SBI 

However in this list  No merger happened in Bank of India in 2019. 

Rs. In crore for Deposits,  Advances and Profit only. As at 31-3-2026.

                  Indian Bank.    Bank of India 

Branches.  6001.               5511

Deposits.   7,89,283.       8,00,443

Advances  6,17,485.       6,54,292 

Q4 PROFIT.      3,103.            3,015

FY 2026 profit  12,156.      10,527 

                    Punjab National.   Bank of Baroda 

Branches.   10,324.                   8,648

Deposits.    16,49,060.          14,01,290

Advances.  11,92,950.          11,69,458

Q4 profit.       5,225.                  5,615

FY 2026 profit  16,904.           20,021

                      Canara Bank.     Central Bank 

Branches.    9,849.                 4,585

Deposits.   14,36,905.       4,67,923

Advances. 11,61,143.      3,44,516

Q4 profit.      4,506.             724

FY 2026 profit 19,187.      4,369 

&&&&&%%%%%%#######-------'

Two Gaints 

                     State Bank.      HDFC Bank

Branches.   22,937.             9,689

Deposits. 57,32,960.        31,05,300

Advances  41,89,686.      29,37,200

Q4 profit.     18,643.          19,220

FY 2026 profit  80,032.     70,000 Aproximate

Employees.   2,45,131.     2,11,178 

These two Banks are in the top 50 Banks in the  World now. 

HDFC Bank is planning to open more branches than Punjab National Bank and become the second largest Bank in India.

📍India’s Banking Strength Revealed! State-Wise Bank Deposits Data 2025 🔥 Check Where Your State Stands

Discussions for salary 5 days banking and others

Bank pension updation

GOVERNMENT HOLDINGS PUBLIC SECTOR BANK

Rs 2.5 Crore PMJJBY Fraud Busted in Madhya Pradesh, Fake Death Certificates Used for Insurance Claims

A big fraud worth crores of rupees has been uncovered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in Madhya Pradesh. According to officials, an organised criminal gang allegedly used fake death certificates to claim insurance money in several districts of the state – Gwalior, Morena, Ratlam.

First then opened Bank accounts, then applied for PMJJBY insurance. After some time, the fraudsters visited banks and informed them about the death of the account holder and applied for insurance claim.

The insurance claim was processed and credited to the bank account of nominees. Here, the fraudsters played the trick. While opening the bank account of individuals, they added their names as nominees.

Once the claims were processed, the money was credited to the accounts of the fraudsters. In this way, the PMJJBY scheme was misused on a large scale. The scheme provides insurance coverage of ₹2 lakh per individual. Therefore, if fraud was committed in 10 accounts, the fraudsters could easily earn ₹20 lakh. However, the fraud was carried out on a much larger scale involving around 250 accounts.

Now is the time to say Bid Adiue to my vibrant and marvelous Team Ultadanga

Now is the time to say Bid Adiue to my vibrant and marvelous Team Ultadanga. I think this is my best team whome I spent last three years.Tanmoy, Priyanka, Trijita, Swatilekha, Santu, Parimalda and Balai da everyone is excellent  from their own corner. I never forget all of you for your behaviour and great supoort. As on day Ultadanga branch is pioneer for customer service it is only all of your good support and service.I also conveyed my sincere thanks to Subhojit and Barin da for  their good support last three years.

Having lots of good memories with the team and my dear & respected customers last three years. Long Journey at the ultadanga ends here. Definitely I shall miss you all and pray Almighty to meet you again. I convey my sincere thanks from

the core of my heart to each and every near and dear one who made my journey more remarkable and smoothly. Also convey my respect with folded hands to my senior authorities to choose me for new assignment at VIP Road Branch.

25th and 26th May Bank Strike

All India Bank Employees' Association extends its solidarity and fraternal support for the two-day strike at State Bank of India called by the All India State Bank of India Staff Federation

#AIBEA 

#AISBISF

#SBI

 

DA CHART FOR BANKER FROM MAY 2026

DA FOR BANKER INCREASE FROM MAY 2026 is .70%

Bankers DA Calculator - May'26 to Jul'26

On 30.04.26 Govt declared CPI for the month of Mar'26 as 149.10 with an increase of 0.60 points from the previous month i.e. Feb'26. . Bankers DA calculator is updated hereunder on the basis of CPI for the month of Jan'26 to Mar'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 Jan'26 to Mar'26. DA payable for the period May'26 to Jul'26 is 25.70% as per 12^th BPS

DA from 01 May for Banker increased by 0.70%

DA from 01 May for working Bank employees increased by 0.70% based on CPI (IW) released now. New DA 25.70%

Details chart will be uploaded soon

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Profit per employee -- Indian Banks Fzy 25

Updation of Pension: Our next Final Hearing Date in

Updation of Pension:

Our next Final Hearing Date in S.C, when is a perplexing & moot question? 

It is learnt that DFS has told the Supreme Court to abide by the Supreme Court verdict  & implement. They smell the verdict & hence has issued their circular recently on 20thApril to SBI & all PSBs to take immediate steps for making respective amendments in BEPR   soon relating to 12th BPS before the start of 13 th BPS/ 10th Jt Note wef 01.11.2027. It is a welcome decision. Now they can not deny Updation & prolong the case. In view of the above, 

The IBA/DFS may request at least 3 to 4 months time to implement updation of Pension by bringing Amendments in BEPR, Gazette it, which will have only statutory backing. 

Then only we shall have permanent remedy. They have  specified 3  to 4 months definte time to complete the exercise but said before start of commencement of wage negotiations on 01.11.2027.

We have to see whether the Court will accept their  plea or Order for implementing  the same immediately. IBA must bring Amendments to BEPR soon. It is why they have given Ex-gratia upto 2027, well planned, UFBU also duly accepted it without any question. 

We must demand  Updation of Pension soon after the verdict with retrospective effect with 9℅ interest since our demand is legally susceptible and a valid one without any delay. They can not delay the processes further. 

Let us Hope & pray God. 

S. Ganapathy

Forwarded as received

Rupam Roy Raises 5-Day Banking and PLI Discrimination issues

Rupam Roy Raises 5-Day Banking and PLI Discrimination issues at AIBEA 30th National Conference

Subscribe Channel and Watch More: https://youtu.be/HHhfAhVZYug?si=3EstTLwD7oEjlx29

AIBOC General Secretary, Rupam Roy highlighted key concerns during his address at the All India Bank Employees Association (AIBEA) 30th National Conference in Bengaluru, including the demand for 5-day banking, discussions with the government on working conditions, and the impact of PLI discrimination on bank officers. He also raised the issue of pension updation, stressing the need for policy clarity and fair implementation across public sector banks (PSBs).

#AIBOC #concern #NationalConference #bengaluru

 

Bank Employee hanged himself, Fight with Girlfriend suspected as Reason

A bank employee has committed suicide by hanging himself in Matiyari’s Astha Nagar, located in Lucknow’s Chinhat police station area.

As per reports, he allegedly took this step while on a video call with his girlfriend. Akarsh Mishra was just 26 years old and originally belonged to Belsar village in the Pakolia police station area of Basti district. He was working in a bank in Lucknow and was living as a tenant in Astha Nagar Colony, Matiyari.

It is reported that Akarsh went to his room after dinner on Tuesday night. On Wednesday morning, his friends Sameer, Anurag, and Sandeep went to call him, but found the door locked from inside. When they received no response despite calling repeatedly, they became suspicious and broke the door.

Upon entering the room, they found Akarsh hanging from the ceiling fan with a scarf tied around his neck. They immediately brought him down and rushed him to the nearby Chandan Hospital, where doctors declared him dead.

According to the police, the deceased’s father has alleged that Akarsh was friends with a young woman from Barabanki. Around 10 p.m. on Tuesday night, they had an argument over something. It is alleged that during this time, Akarsh hanged himself while on a video call. The woman herself has called one of his friends and informed about the adverse incident.

Upon receiving the information, police arrived at the scene and began an investigation. More details will be released soon.

13th BIPARTITE SETTLEMENT OF BANK EMPLOYEE

UFBU STAGES PROTEST OVER 5 DAYS BANKING

Stop Cheating with Bank retirees

Meeting with Iba and UFBU will be held on 15th April

EXPECTED DA FOR BANK EMPLOYEE FROM MAY 2026

Expected DA Calculation Updated on 30.03.26 on the basis of CPI for the month of Feb'26 with the assumptions of Mar'26. The CPI for the month of Feb'26 announced on 30.03.26 as 148.5 with a decrease of 0.10 points from Jan'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 0.90 points in the next month. Accordingly, on this assumption, we may expect there would be an increase of 0.80% DA in terms of 12^th BPS on revised pay. Total 25.8% DA will become payable from May'26.
2. On assumptions if there is an increase in CPI index by 0.60 points in the next month, we may expect there would be be an increase of 0.70% DA in terms of 12^th BPS on revised pay. Total 25.70 percentage of DA will become payable from May'26.
3. On assumptions if there is an increase in CPI index by 0.50 points in the next both month, we may expect there would be be an increase of 0.67% DA in terms of 12^th BPS on revised pay. Total 25.67 percentage of DA will become payable from May'26.

CBI Arrests SBI Assistant Manager in Rs.16,000 Bribery Case in Assam

The Central Bureau of Investigation (CBI) has arrested an Assistant Manager of State Bank of India (SBI) in a bribery case in Assam. The bank officer was caught while allegedly demanding and accepting a bribe of ₹16,000 from a complainant.

According to the CBI, the accused officer was working as an Assistant Manager and Loan Officer at SBI’s Gumi Branch in Kamrup (Rural) district of Assam

Bank employees can face arrest if they are involved in corruption, fraud, forgery, or misuse of their official position. Various laws in India allow investigative agencies to take action against such offences.

 Prevention of Corruption Act, 1988

Bank officials who demand or accept bribes, misuse their position, or obtain illegal benefits can be booked under the Prevention of Corruption Act. This law is commonly used in cases investigated by the CBI.

IPC Section 420 – Cheating

This section applies when a bank employee dishonestly cheats a customer, bank, or financial institution to gain money or benefits.

 IPC Section 409 – Criminal Breach of Trust

If a bank officer misuses or illegally transfers funds entrusted to them, they can be charged under this section for breach of trust.

 IPC Section 468 – Forgery for Cheating

This section is used when fake documents, forged signatures, or fabricated records are used to approve loans or financial transactions.

 IPC Section 471 – Using Forged Documents

If a bank staff member knowingly uses forged documents as genuine, they can face action under this section.

Case Registered After Complaint

The CBI registered the case on 12 March 2026 after receiving a complaint against the bank officer. The complainant alleged that the officer had demanded a bribe of ₹16,000 in return for processing loan applications.

These loan applications were related to customers seeking loans for the installation of rooftop solar electrification systems.

CBI Trap and Arrest

After verifying the complaint, the CBI set up a trap operation. During the operation, the accused officer was caught red-handed while demanding and accepting the bribe amount of ₹16,000 from the complainant