5 Day Banking, SBI KYC Controversy, PLI Dispute in PSBs, RRB Reforms & HR Issues | A Weekly Round-up
This week’s banking round-up highlights major developments across India’s banking sector. Controversies emerged in SBI over alleged KYC irregularities and a compassionate transfer request dispute, while bank unions raised concerns about HR policies and the implementation of government transfer guidelines. Meanwhile, the Chief Labour Commissioner held conciliation talks over the PLI dispute in PSBs, where unions also reiterated the long-pending demand for the implementation of a five-day banking week. The RBI also imposed a ₹1.86 crore penalty on CSB Bank for compliance violations. RRBs remained in focus with the One State One Rural Bank policy, strong deposit growth, and employee associations raising concerns over pending allowances and workplace issues.
Watch the full video to understand the key issues shaping India’s banking workforce and policy decisions this week.
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https://youtu.be/PUY5z6pgbYM?si=PlPXQXtAbBgMNXjS