Government Approves RBI Proposal for ₹10 and ₹20 Polymer Banknote Field Trials, Says No Plan to Replace Paper Currency The Government of India has approved the Reserve Bank of India (RBI) proposal for field trials of ₹10 and ₹20 polymer banknotes. There is no proposal to replace paper currency with polymer banknotes. Read More: https://thekanal.in/en-IN/details/government-approves-rbi-proposal-for-10-and-20-polymer-banknote-field-trials-says-no-plan-to-replace-paper-currency-4303 #banking

Performance Linked Incentive Scheme: IBA Sets August 20 Meeting With Bank Unions The Indian Banks’ Association (IBA) has decided to hold a bilateral meeting with major bank employees’ and officers’ organisations to discuss the Performance Linked Incentive (PLI) Scheme. Read More: https://thekanal.in/en-IN/details/performance-linked-incentive-scheme-iba-sets-august-20-meeting-with-bank-unions-17156 #banking

NOBW & NOBO Raise Concerns Over UFBU | Demand for 5 Days Banking The National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO) have raised concerns regarding their exclusion from United Forum of Bank Unions' discussions. The organisations have also highlighted the demand for five-day banking. Subscribe Channel to Watch More: https://youtube.com/shorts/19vYb_-GgNo?si=yF8aWhuX1vWf6YGs #banking

Karnataka Grameena Bank Employee Organisations Raise Key Concerns Employee organisations at Karnataka Grameena Bank have sought action regarding workplace-related concerns. Separately, the Karnataka Grameena Bank Officers' and Employees' Federation has urged the continuation of 100% absorption of perquisite tax for FY 2026–27. Subscribe Channel to Watch More: https://youtube.com/shorts/s894YSAwfpk?si=ERMZu-7OPqqG0Vkx #banking

Odisha Grameen Bank Agitation Continues After Talks Fail Employees of Odisha Grameen Bank continued their agitation after discussions with management reportedly failed to resolve pending issues. Subscribe Channel to Watch More: https://youtube.com/shorts/tAcd9_5w4Yg?si=NLFk_XtxEScnMkXa #banking

Himachal Pradesh Gramin Bank Credit-Deposit Ratio Climbs to 49.08%; Farmer Loans Surge Rajya Sabha MP Harsh Mahajan asked the Finance Ministry about Himachal Pradesh Gramin Bank’s credit-deposit ratio, priority sector lending, loans to horticulture and hill-area farmers, branch expansion and measures to improve credit access in remote areas. The government provided data for the last three years and outlined steps being taken to strengthen agricultural credit access. Read More: https://thekanal.in/en-IN/details/himachal-pradesh-gramin-bank-credit-deposit-ratio-climbs-to-4908-farmer-loans-surge-29960 #banking

Government in Talks With Banks to Cut Kisan Credit Card Interest Subvention by 50 Basis Points The government is discussing a 50 basis point reduction in interest subvention for Kisan Credit Card loans. The proposal is linked to recent policy rate cuts by the Reserve Bank of India (RBI). Discussions are preliminary and are part of efforts to continue the Modified Interest Subvention Scheme through Kisan Credit Card loans until 2031-32. Read More: https://thekanal.in/en-IN/details/government-in-talks-with-banks-to-cut-kisan-credit-card-interest-subvention-by-50-basis-points-70516 #banking

DFS to Hold PSB-PFI Conclave on Banking Sector Road Map for Viksit Bharat The Department of Financial Services (DFS) will hold a two-day conclave of Public Sector Banks (PSBs) and Public Financial Institutions (PFIs) to discuss banking reforms, deposit mobilisation, credit growth, wealth management, rural finance and priority-sector lending as part of the road map for a ‘Viksit Bharat’. Read More: https://thekanal.in/en-IN/details/dfs-to-hold-psb-pfi-conclave-on-banking-sector-road-map-for-viksit-bharat-11909 #banking

UFIOE Defers August 17 Strike Over IDBI Bank Strategic Disinvestment UFIOE has deferred its August 17 strike against the strategic disinvestment of IDBI Bank amid ongoing conciliation talks. The organisation has retained its right to take further strike action if the government proceeds with the disinvestment. Read More: https://thekanal.in/en-IN/details/ufioe-defers-august-17-strike-over-idbi-bank-strategic-disinvestment-2286 #banking