bank

*RBI Draft Proposal Seeks to Restrict NBFCs from Offering Revolving Credit Without Approval* The Reserve Bank of India (RBI) has proposed changes to the lending framework for Non-Banking Financial Companies (NBFCs). The draft seeks to restrict revolving credit facilities without prior regulatory approval. *Read More*: https://thekanal.in/en-IN/details/rbi-draft-proposal-seeks-to-restrict-nbfcs-from-offering-revolving-credit-without-approval-71925 #banking

*Punjab & Sind Bank Vigilance Complaint Seeks Inquiry Into Alleged Financial Irregularities at Nellore Branch* A complaint submitted to Punjab & Sind Bank's Corporate Vigilance Department has sought an inquiry into alleged financial irregularities at the Nellore Branch. The complainant has submitted supporting documents and completed identity verification. The allegations remain unverified. *Read More:* https://thekanal.in/en-IN/details/punjab-sind-bank-vigilance-complaint-seeks-inquiry-into-alleged-financial-irregularities-at-nellore-branch-97264 #banking

*Odisha Grameen Bank Officers' and Employees' Associations Raise Concerns Over Alleged Staff Harassment in Berhampur Region* The Association of Odisha Grameen Bank Officers' (AOGBO) and Odisha Grameen Bank Employees' Association (OGBEA) have submitted a representation to the Chairman of Odisha Grameen Bank. The letter raises concerns over alleged unfair labour practices and staff harassment by the Regional Manager of the Berhampur Region, seeking immediate intervention from the bank management. *Read More*: https://thekanal.in/en-IN/details/odisha-grameen-bank-officers-and-employees-associations-raise-concerns-over-alleged-staff-harassment-in-berhampur-region-35109 #banking

*RBI Prohibits Banks from Disabling Borrowers' Mobile Phones* The Reserve Bank of India (RBI) has revised its loan recovery framework. The updated norms prohibit banks from disabling borrowers' mobile devices as a recovery tool, except in specific device-financing cases. The revised framework also introduces safeguards for borrowers, prescribes conditions for technology-based restrictions on financed devices, and eases certain recovery agent disclosure requirements. *Read More*: https://thekanal.in/en-IN/details/rbi-prohibits-banks-from-disabling-borrowers-mobile-phones-55304 #banking

*Government to Sell Up to 6.54% Stake in LIC Through OFS, Aims to Raise Over ₹31,600 Crore and Meet Public Shareholding Norms* The Government of India has announced an Offer for Sale (OFS) of up to 6.54% stake in Life Insurance Corporation of India (LIC), aiming to raise more than ₹31,600 crore. The disinvestment will help the government meet LIC's minimum public shareholding requirement well ahead of the regulatory deadline. *Read More*: https://thekanal.in/en-IN/details/government-to-sell-up-to-654-stake-in-lic-through-ofs-aims-to-raise-over-31600-crore-and-meet-public-shareholding-norms-26063 #banking

Odisha Grameen Bank Officers and Employees Association Seek Immediate Release of Pending PLI Association of Odisha Grameen Bank Officers (AOGBO) and the Odisha Grameen Bank Employees' Association (OGBEA) have sought the immediate release of pending Performance Linked Incentive (PLI). The Associations have jointly written to the Chairman of Odisha Grameen Bank. They requested that the pending PLI for the financial years 2023-24, 2024-25 and 2025-26 be released as per the prevailing policy. Read More: https://thekanal.in/en-IN/details/odisha-grameen-bank-officers-and-employees-association-seek-immediate-release-of-pending-pli-79908 #bank

Big Borrowers Continue to Cheat Banks as Banks Face 72% Haircuts in Five Years: AIBEA All India Bank Employees' Association (AIBEA) has highlighted data on bank loan recoveries through an infographic. It shows the amount admitted, realised, and foregone by banks over the last five financial years. The figures are based on the Reply to Rajya Sabha Question No. 224 and present the percentage of haircuts taken by banks during the period. Read More: https://thekanal.in/en-IN/details/big-borrowers-continue-to-cheat-banks-as-banks-face-72-haircuts-in-five-years-aibea-2247 #banking

AIRRBEA Urges RRBs to Release PLI Under Existing Policy All India Regional Rural Bank Employees 0Association (AIRRBEA) has urged Regional Rural Banks (RRBs) to release Performance Linked Incentive (PLI) payments without delay. The association has asked all RRB Chairmen to implement the existing Government of India and NABARD guidelines and clear pending PLI dues for eligible employees. Read More https://thekanal.in/en-IN/details/airrbea-urges-rrbs-to-release-pli-under-existing-policy-21460 #banking

Ayodhya Ram Temple Donation Theft Probe: Former Trust Secretary Flags SBI Procedures The investigation into the alleged theft of donations at the Ayodhya Ram Temple has taken a fresh turn after a letter written by former Shri Ram Janmabhoomi Teerth Kshetra Trust General Secretary Champat Rai surfaced publicly. Read More: https://thekanal.in/en-IN/details/ayodhya-ram-temple-donation-theft-probe-former-trust-secretary-flags-sbi-procedures-56635 #banking

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