banking

BEFI Condemns New Labour Code Impact for Workers’ Protest in Noida, Calls For Nationwide Protest Bank Employees Federation of India (BEFI) alleged new labour codes triggered protests among industrial workers in regions such as Noida, Faridabad, and nearby areas. BEFI demands higher wages and worker protections, calling nationwide protests. Read More: https://thekanal.in/en-IN/details/befi-condemns-new-labour-code-impact-for-workers-protest-in-noida-calls-for-nationwide-protest-14510 #banking

SBI Notification on Hiring Retired Officers Raises Questions on Employment Approach The State Bank of India has announced the contractual hiring of 105 retired officers as “Resolvers” with fixed pay and no additional benefits, prompting discussion on employment patterns and opportunities for younger candidates in the banking sector. Read More: https://thekanal.in/en-IN/details/sbi-notification-on-hiring-retired-officers-raises-questions-on-employment-approach-73884 #banking

UFBU-IBA Meeting Reviews Ex-Gratia for Pensioners, Further Talks Planned The United Forum of Bank Unions (UFBU) met the Indian Banks' Association (IBA) to discuss continuation of ex-gratia payments, pension updation, and other pending issues. While the existing ex-gratia amount will continue for now, further discussions are expected in a follow up meeting. Read More: https://thekanal.in/en-IN/details/ufbu-iba-meeting-reviews-ex-gratia-for-pensioners-further-talks-planned-44504 #banking

RBI’s New Anti-Digital Fraud Measures Face Criticism Over Effectiveness Reserve Bank of India (RBI) introduces new anti-digital fraud measures. Experts question their effectiveness and impact on payments. Concerns rise over delays, compliance burden, and risks to small merchants. Read More: https://thekanal.in/en-IN/details/rbis-new-anti-digital-fraud-measures-face-criticism-over-effectiveness-38114 #banking

UPGB Launches Demat and Trading Services via BOBCAPS Tie-Up to Expand Financial Offerings Uttar Pradesh Gramin Bank (UPGB) has introduced Demat and trading services. The initiative is in partnership with BOBCAPS (BOB Capital Markets Ltd.). It aims to expand financial access and investment options. Read More: https://thekanal.in/en-IN/details/upgb-launches-demat-and-trading-services-via-bobcaps-tie-up-to-expand-financial-offerings-15974 #banking

Punjab & Sind Bank Under Scrutiny: Manager Death Probe Linked to Harassment Claims Whistleblower allegations expose a suspected loan sanction nexus, harassment, and corruption in Punjab & Sind Bank’s Vijayawada Zone, now linked to a branch manager’s death under FIR investigation. Read More: https://thekanal.in/en-IN/details/punjab-sind-bank-under-scrutiny-manager-death-probe-linked-to-harassment-claims-4429 #banking

Alleged Assault and Subsequent Transfers Reported at Union Bank of India An employee of Union Bank of India has alleged physical assault, harassment, and multiple transfers following an incident in Saraimeera, Kannauj. The employee claims no action was taken and was deputed across approximately 9 to 10 branches within 40–45 days in Kanpur. Read More: https://thekanal.in/en-IN/details/alleged-assault-and-subsequent-transfers-reported-at-union-bank-of-india-58797 #banking

India’s Financial Sector in FY26: Key Developments and Trends A brief overview of key developments in India’s financial sector during FY26, including inflation trends, banking performance, regulatory actions, and market movements. Read More: https://thekanal.in/en-IN/details/indias-financial-sector-in-fy26-key-developments-and-trends-50747 #banking

Govt Revalues IDBI Bank as Disinvestment Plan Enters Reset Phase Government begins fresh valuation of IDBI Bank. Decision on stake sale likely after one month. Weak market conditions and subdued stock impact strategy. Read More: https://thekanal.in/en-IN/details/govt-revalues-idbi-bank-as-disinvestment-plan-enters-reset-phase-63555 #banking

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