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*Gratuity Ceiling for Bank Employees: Labour Ministry Cites Provision for Enhanced Benefits* The Labour Ministry has responded to a demand to enhance the gratuity ceiling for bank employees. The ministry referred to provisions under the Code on Social Security, 2020. *Read More:* https://thekanal.in/en-IN/details/gratuity-ceiling-for-bank-employees-labour-ministry-cites-provision-for-enhanced-benefits-72469 #banking

Kanal Gratuity Ceiling for Bank Employees: Labour Ministry Cites Provision for Better GRATUITY Gratuity Terms

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SBI Card and Google Pay Launch 'Google Pay Flex SBI Card' Co-Branded Credit Card in India SBI Card and Google Pay have launched the Google Pay Flex SBI Card, offering reward benefits, digital payment flexibility and seamless credit management for everyday transactions. Read More: https://thekanal.in/en-IN/details/sbi-card-and-google-pay-launch-google-pay-flex-sbi-card-co-branded-credit-card-in-india-3038 #banking

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*UPI Transaction Levy: How India’s Proposed Fee Is Linked to US Trade Concerns* India has proposed allowing fees on UPI and RuPay transactions. The move comes as India and the US work on a trade deal. Read More https://thekanal.in/en-IN/details/upi-transaction-levy-how-indias-proposed-fee-is-linked-to-us-trade-concerns-59316 #banking

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*Banks to Deploy AI Agents For Faster Control and Governance Challenges* Banks are rapidly deploying AI agents across different functions. Bank CEOs highlight the need for human control and responsible AI governance. Data, orchestration, workforce skills and prioritisation remain key considerations. Banks are also exploring AI for customer service, financial inclusion and internal operations. *Read More:* https://thekanal.in/en-IN/details/banks-to-deploy-ai-agents-for-faster-control-and-governance-challenges-95559 #banking

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*AIBOC Uttar Pradesh Unit Seeks District-Level Screening Committee for Criminal Complaints Against Bank Officers* The All India Bank Officers’ Confederation (AIBOC)’s Uttar Pradesh State Unit has sought district-level screening committees. The proposal concerns criminal complaints against bank officers linked to their official duties, loan recovery and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act. *Read More:* https://thekanal.in/en-IN/details/aiboc-uttar-pradesh-unit-seeks-district-level-screening-committee-for-criminal-complaints-against-bank-officers-46189 #banking

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*Punjab National Bank Aligarh Circle Faces Questions Over NPA Recovery Drive on Independence Day* A reported PNB Aligarh Circle recovery directive has raised concerns over possible branch working on Independence Day, 15 August, and pressure on staff to meet NPA recovery targets, prompting questions about holiday working and employee workload. *Read More:* https://thekanal.in/en-IN/details/punjab-national-bank-aligarh-circle-faces-questions-over-npa-recovery-drive-on-independence-day-15574 #banking

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*AIBOBOU Raises Questions Over Outsourcing of Retail Loan Business, Manpower and RBI Compliance at Bank of Baroda* All India Bank of Baroda Officers’ Union (AIBOBOU) has questioned the outsourcing of retail loan sourcing at Bank of Baroda, raising concerns over manpower shortages, outsourcing costs, customer data protection and accountability. The union has sought clarity on the reported external agency arrangement and called for greater transparency and stronger branch-level staffing. Read More: https://thekanal.in/en-IN/details/aibobou-raises-questions-over-outsourcing-of-retail-loan-business-manpower-and-rbi-compliance-at-bank-of-baroda-8838 #banking

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*RBI New Loan Recovery Rules: Key Changes Effective From January 1, 2027* The Reserve Bank of India (RBI) has introduced revised loan recovery directions. The new framework strengthens oversight of recovery agents, borrower communication and recovery practices from January 1, 2027. Read More https://thekanal.in/en-IN/details/rbi-new-loan-recovery-rules-key-changes-effective-from-january-1-2027-22412 #banking

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Indian Overseas Bank Announces 780 Customer Service Associate Vacancies #banking Indian Overseas Bank has announced the recruitment of 780 Customer Service Associates across the country. The All India Overseas Bank Employees' Union welcomed the recruitment drive. Subscribe Channel and Watch More Videos: https://youtube.com/shorts/1wmyihf9lM0?si=-iIUxwBaLicSezCd

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State Bank of India Updates | Pension Funds Cross ₹6 Lakh Crore SBI and other public sector banks outperformed private lenders in FCNR(B) deposit mobilisation, while SBI Pension Funds crossed ₹6 lakh crore Assets Under Management (AUM), becoming India's largest pension fund manager. Subscribe Channel and Watch More Videos: https://youtube.com/shorts/Jw2-rGHzwNM?si=-v-qtLkvPPPaqFzn #banking

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