Nationwide Protest Day: Bank Officers to Join Demonstrations Demanding 5 Days Banking
On the call of Bharatiya Mazdoor Sangh, February 25, 2026 will be observed as Nationwide Protest Day. Bank officers across the country are expected to participate in demonstrations at District Headquarters to highlight long-pending issues, including the demand for 5 Days Banking.
Read More: https://thekanal.in/en-IN/details/nationwide-protest-day-bank-officers-to-join-demonstrations-demanding-5-days-banking-19942
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IOBOA Claims Office Locked Following Strike Call
The Indian Overseas Bank Officers’ Association (IOBOA) has alleged that management of Indian Overseas Bank imposed restrictions on the union’s functioning immediately after it issued a formal strike notice, including locking the association office and limiting access. The union has escalated the matter to labour authorities while urging members to remain united.
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₹590 Crore Discrepancy in IDFC First Bank: Officials Suspended, Govt Fund in Private Bank Questioned
IDFC First Bank has disclosed a ₹590 crore discrepancy involving certain Haryana government linked accounts at its Chandigarh branch, placing four officials under suspension. Many in social media raise questions about government fund places in private banks.
Read More: https://thekanal.in/en-IN/details/590-crore-discrepancy-in-idfc-first-bank-officials-suspended-govt-fund-in-private-bank-questioned-54193
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FM Nirmala Sitharaman Backs RBI Stand Against Mis-selling, Calls for Focus on Core Banking
Finance Minister Nirmala Sitharaman has welcomed RBI’s guidance against mis-selling, stating that banks must prioritise their core business of lending and focus on CASA deposits instead of pushing unsuitable financial products.
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IDBI Bank Unions Writes to RSS Chief Mohan Bhagwat Seeking Intervention Against Proposed IDBI Bank Sale
The United Forum of IDBI Officers & Employees has written to RSS Chief Dr. Mohan Bhagwat urging intervention in the Government’s proposed strategic sale of IDBI Bank, citing concerns over dilution of public sector character and earlier parliamentary assurances.
Read More: https://thekanal.in/en-IN/details/idbi-bank-unions-writes-to-rss-chief-mohan-bhagwat-seeking-intervention-against-proposed-idbi-bank-sale-59010
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TMB Plans Workforce Shift to Sales Amid Tech Push
Tamilnad Mercantile Bank plans to shift 50–60% of its workforce into sales roles as part of a technology-led transformation, while expanding hiring and branches. MD & CEO S. Nair said there will be no layoffs, with investments focused on digital platforms, process automation, and growth in lending and customer services.
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RBI Asks NPCI to Review UPI Autopay Amid Rising Debit Complaints
The Reserve Bank of India (RBI) has asked National Payments Corporation of India (NPCI) to review UPI Autopay mechanisms. The move follows a rise in complaints related to involuntary debits and difficulties in cancelling mandates.
Read More: https://thekanal.in/en-IN/details/rbi-asks-npci-to-review-upi-autopay-amid-rising-debit-complaints-90551
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KYC & Re-KYC Matter for Banking Safety: PM Narendra Modi on Mann Ki Baat
In Mann Ki Baat, Narendra Modi explained that KYC and re-KYC are essential because most services today are linked to bank accounts. He urged citizens to keep their details updated to prevent cyber fraud, protect savings, and ensure secure digital transactions.
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Home Minister Amit Shah Launches CBDC-Based Public Distribution System
Union Home Minister Amit Shah launched a CBDC-based Public Distribution System in Gandhinagar, marking a major step toward transparent and technology-driven welfare delivery aligned with Narendra Modi’s Digital India vision.
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IDBI Employees Call Nationwide Hunger Strike Over Proposed Privatisation
The United Forum of IDBI Officers & Employees has called a nationwide one-day hunger strike opposing the proposed privatisation of IDBI Bank. The protest highlights concerns over job security, reservation policies and the Bank’s social banking role.
Read More: https://thekanal.in/en-IN/details/idbi-employees-call-nationwide-hunger-strike-over-proposed-privatisation-65306
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