Bank of India 14 BC Accounts Freeze: Union Seeks Immediate Intervention Bank of India (BOI)’s overdraft accounts of Banking Correspondents (BCs) have been frozen. Maharashtra State Bank Mitras Association (affiliated to MSBEF) have raised concerns over accountability. Immediate review and corrective action have been requested. Read More: https://thekanal.in/en-IN/details/bank-of-india-14-bc-accounts-freeze-union-seeks-immediate-intervention-82026 #banking

Punjab National Bank Directs Kolkata South Circle Staff to Work on March 31 for Year End Closing Punjab National Bank (PNB) has instructed staff in its Kolkata South Circle to work on March 31, 2026, for annual closing, mandating attendance across branches and currency chests without specifying compensation or leave provisions. Read More: https://thekanal.in/en-IN/details/punjab-national-bank-directs-kolkata-south-circle-staff-to-work-on-march-31-for-year-end-closing-39937 #banking

*Window Dressing: A Year-End Banking Phenomenon* Banks often show a temporary spike in loans and deposits at the end of March due to balance sheet adjustments, a practice known as window dressing. These figures usually decline soon after the new financial year begins, reflecting short-term positioning rather than sustained growth. Read More: https://thekanal.in/en-IN/details/window-dressing-a-year-end-banking-phenomenon-73198 #banking

Unions Ensure Continuity of Recognition at Karnataka Grameena Bank Employees Union and Officers Association have retained recognition after securing majority membership, as per Government of India and NABARD guidelines. The move ensures continuity in representation and strengthens structured industrial relations within Karnataka Grameena Bank. #banking

IBA Seeks Urgent Confirmation on Non-Payment of PLI for Scale IV–VII Officers Amid Delhi High Court Case Indian Banks' Association (IBA) issues urgent communication to public sector banks. It seeks confirmation on non-payment of Performance Linked Incentive (PLI). The move is linked to an affidavit filing in an ongoing Delhi High Court matter concerning the PLI scheme. Read More: https://thekanal.in/en-IN/details/iba-seeks-urgent-confirmation-on-non-payment-of-pli-for-scale-ivvii-officers-amid-delhi-high-court-case-62181 #banking

Madhya Pradesh Issues Flexible Holiday Order for Mahavir Jayanti Madhya Pradesh has allowed districts to observe the Mahavir Jayanti holiday on either 30 or 31 March 2026, depending on local decisions, with implementation likely to vary across sectors during the financial year end period. Read More: https://thekanal.in/en-IN/details/madhya-pradesh-issues-flexible-holiday-order-for-mahavir-jayanti-6319 #banking

UFBU Pune Issues Advisory Against Calling Bank Staff on Holidays During PLI Agitation United Forum of Bank Unions (UFBU) Pune advises banks not to call staff on holidays. Warning issued during ongoing Performance Linked Incentive (PLI) agitation. Read More: https://thekanal.in/en-IN/details/ufbu-pune-issues-advisory-against-calling-bank-staff-on-holidays-during-pli-agitation-92282 #banking

Legal Notice Challenges AIRRBOF Triennial Conference Proceedings, Seeks Fresh Elections A legal notice has been issued regarding the Triennial Conference. It questions the validity of proceedings and calls for corrective measures. Read More: https://thekanal.in/en-IN/details/legal-notice-challenges-airrbof-triennial-conference-proceedings-seeks-fresh-elections-88088 #banking

RRB Unions Call for Boycott of Mandatory Learning Test in SBI Sponsored Banks RRB unions have called for a boycott of a mandatory learning test in State Bank of India (SBI) sponsored banks, citing concerns over its link to promotions and lack of approval. Read More: https://thekanal.in/en-IN/details/rrb-unions-call-for-boycott-of-mandatory-learning-test-in-sbi-sponsored-banks-50437 #banking

UFBU Protest, PLI Dispute in PSBs, Loan Fraud Case & RRB Issues | Weekly Round-up The PLI dispute in public sector banks remained at the center this week, as UFBU strongly opposed recent directives, warned of protests, and called for collective action. The government’s approval of PLI for SBI whole-time directors added a new dimension to the ongoing debate, while bank officers also raised concerns regarding pension security under the NPS framework. Meanwhile, a timeline released by SBI on an officer’s disciplinary case sparked controversy, with allegations of missing details, and a ₹21 crore loan fraud at Central Bank of India raised concerns over internal oversight. At the policy level, IDBI Bank’s stake sale via the OFS route and developments in Regional Rural Banks, including staffing issues and post-amalgamation updates, also remained in focus. https://youtu.be/hcCgnPg4BU0?si=O5U3GwQ6VKn7HWEU #banking