PSB Privatisation, 5-Day Banking, RRB Agitations & More | Latest Banking News This week's top stories include the debate over PSB privatisation and financial inclusion, UFBU's intensified push for five-day banking and nationwide demonstrations by bank employees. We also cover NOBW and NOBO's concerns over UFBU exclusion, a Punjab & Sind Bank vigilance complaint, Maharashtra's regional banking disparities, pending 12th Bipartite Settlement demands and concerns over insurance cross-selling. The roundup also highlights RRB visibility, staff harassment concerns, settlement issues, loan write-offs, RBI's new recovery rules and employee grievances across PSBs and RRBs. Watch the full video and Subscribe to understand the key developments shaping India’s banking sector: https://youtu.be/u78wJe88oyw?si=CyZjyeeBzPxeCOuY #banking

Bank Emloyee Welfare: Shared Parenting and Gender Neutral Sabbatical Leave Bhavneet Kaur of All India Bank Of Baroda Officers' Association (AIBOBOA) advocated greater recognition of shared parenting responsibilities through reforms in child care leave policies. Separately, discussions also highlighted the need for gender-neutral sabbatical leave policies to support employees more effectively. Subscribe Channel to Watch More: https://youtube.com/shorts/GLc4X7JYtDU?si=PhdlBMyOBjOi0rh- #banking

Digital Banking and Cyber Fraud | The Future of Financial Services Jio Financial Services Chairman K.V. Kamath highlighted the growing importance of digital platforms, while Equitas Small Finance Bank reiterated its cautious approach toward obtaining a universal banking licence. At the same time, reports warned that digital banking frauds are becoming more sophisticated and increasingly costly. Subscribe Channel to Watch More: https://youtube.com/shorts/Y-9lcc6yVcw?si=5z1RMuoNp3g9nAiZ #banking

Insurance Targets, Lunch Break Issues and Staff Shortages Reports questioned whether insurance sales targets may be influencing banking practices and whether bancassurance models affect long-term policy retention. Meanwhile, bank unions argued that customer service and lunch break issues are primarily linked to severe staff shortages, reiterating the need for adequate recruitment across banks. Subscribe Channel to Watch More: https://youtube.com/shorts/wFPtwJdn6mE?si=_LmqU-6zRtMzRyNt #banking

‘Pradhan Mantri Fasal Bima Yojana is a Nightmare’: Bank Employees Raise Concerns Over Portal Glitches Bank employees say Pradhan Mantri Fasal Bima Yojana (PMFBY) has become a nightmare for them, with frequent portal glitches forcing them to work nights, weekends and holidays. They allege that despite struggling with technical issues, bankers may still face customer complaints, court cases and personal accountability when claims are delayed or not received. Read More: https://thekanal.in/en-IN/details/pradhan-mantri-fasal-bima-yojana-is-a-nightmare-bank-employees-raise-concerns-over-portal-glitches-88915 #banking

Exclusive: ‘Canara Bank Palakkad Cash Shortage of ₹8.06 Lakh: The Incident Raises Questions Over Fraud Reporting’ ₹8.06 lakh cash shortage reported at Canara Bank’s Big Bazaar branch in Palakkad, Kerala raises questions about how the incident was handled and reported. The incident and its reported internal settlement have sparked concerns about accountability, transparency and compliance with banking rules. Read More: https://thekanal.in/en-IN/details/exclusive-canara-bank-palakkad-cash-shortage-of-806-lakh-the-incident-raises-questions-over-fraud-reporting-8169 #banking

Bank Unions Demand Stronger Protection for Employees The Maharashtra State Bank Employees' Federation has condemned attacks on employees of Bank of Maharashtra and Central Bank of India. Separately, All India Bank Officers' Confederation (AIBOC) has urged authorities to ensure protection for officers involved in implementing Maharashtra's loan waiver scheme. Subscribe Channel to Watch More: https://youtube.com/shorts/f42ET-qUauw?si=KFg2Ffw_7QSEm2if #banking

Bank Unions Oppose DFS Directions on Industrial Relations Meetings All India Bank Employees Association (AIBEA), All India Bank Officers' Confederation (AIBOC) and National Confederation of Bank Employees (NCBE) have jointly opposed recent Department of Financial Services (DFS) directions concerning industrial relations meetings in public sector banks. Subscribe Channel to Watch More: https://youtube.com/shorts/BKMDy25e-jE?si=WtzCU6NWzkA7XPOW #banking

IBA Issues Campaign Directive and Revises Pension Dearness Relief Rates The Indian Banks' Association (IBA) has asked banks to organise activities under the GenZ Against Addiction campaign, prompting discussions among employees regarding workload and Sunday engagement. Separately, IBA has revised Pension Dearness Relief rates for pre-1986 bank retirees and surviving spouses. Subscribe Channel to Watch More: https://youtube.com/shorts/GTjHCvymWMc?si=kds_iT7pRKmPlJWH #banking

Former UFBU Leader Sanjeev Bandlish in Focus After ₹5.73 Crore Bank Union Transaction Document Surface Online Former United Forum of Bank Unions (UFBU) Leader Sanjeev Bandlish has come under public focus after documents detailing ₹5.73 Crore in transactions by multiple bank employees associations surfaced online. The social media seek clarification from the organisations concerned, call for greater transparency, and demand an independent audit of the reported expenditures. Read More: https://thekanal.in/en-IN/details/former-ufbu-leader-sanjeev-bandlish-in-focus-after-573-crore-bank-union-transaction-document-surface-online-69991 #banking