BEFI Newsletter May 2026 Highlights Workers’ Struggles, Banking Reforms, and Labour Rights Concerns Bank Employees Federation of India (BEFI) Newsletter May 2026 highlights labour rights, outsourcing concerns in banking, labour codes, and public sector banking issues. The newsletter also covers May Day celebrations, trade union movements, and employment-related challenges in the banking sector. Read More: https://thekanal.in/en-IN/details/befi-newsletter-may-2026-highlights-workers-struggles-banking-reforms-and-labour-rights-concerns-11304 #banking

Exclusive: Anonymous Email Alleging Corruption Against IOB Regional Official Circulates Internally An anonymous email alleging corruption and favouritism against an Indian Overseas Bank (IOB) regional official in Varanasi circulated among employees, raising questions over internal grievance and vigilance mechanisms. Read More: https://thekanal.in/en-IN/details/exclusive-anonymous-email-alleging-corruption-against-iob-regional-official-circulates-internally-79239 #banking

Punjab National Bank FY26 Results: Net Profit Crosses ₹16,900 Crore, Asset Quality Improves Punjab National Bank (PNB) reports FY26 financial results. Net profit crosses ₹16,900 crore. Asset quality and capital ratios show improvement. Read More: https://thekanal.in/en-IN/details/punjab-national-bank-fy26-results-net-profit-crosses-16900-crore-asset-quality-improves-23811 #banking

INBOC Haryana Raises Concerns Over Census Duty Instructions for Bank Officers in Gurugram The Haryana State unit of the Indian National Bank Officers’ Congress (INBOC) has written to the Haryana government regarding concerns over census duty instructions issued to bank officers in Gurugram. A separate clarification from the Census-2027 nodal office stated that banking services should remain unaffected and officers are expected to continue regular duties alongside census-related work. Read More: https://thekanal.in/en-IN/details/inboc-haryana-raises-concerns-over-census-duty-instructions-for-bank-officers-in-gurugram-82954 #banking

Bank Staff in Gurugram Assigned Census 2027 Duties Beyond Banking Hours, Clarification Letter Shows Bank employees in Gurugram have been directed to perform Census-2027 duties after regular banking hours, including evenings and weekends, while continuing normal office work during the day, according to an official clarification issued by district authorities. Read More: https://thekanal.in/en-IN/details/bank-staff-in-gurugram-assigned-census-2027-duties-beyond-banking-hours-clarification-letter-shows-85134 #banking

RBI Proposes 7-Year Cap on Holding Immovable Assets Acquired During Loan Recovery RBI proposes a 7-year limit for holding immovable assets acquired during recovery. Draft norms aim to ensure transparency and timely disposal. The guidelines also restrict resale to borrowers and mandate disclosure of such assets. Read More: https://thekanal.in/en-IN/details/rbi-proposes-7-year-cap-on-holding-immovable-assets-acquired-during-loan-recovery-38305 #banking

AIRRBEA’s Nationwide Dharna Across Regional Rural Banks, Demands Immediate Resolution of Pending Issues All India Regional Rural Bank Employees Association (AIRRBEA) leads a nationwide dharna across RRBs. Employees demand urgent action on long-pending service, pay and policy issues. Read More: https://thekanal.in/en-IN/details/airrbeas-nationwide-dharna-across-regional-rural-banks-demands-immediate-resolution-of-pending-issues-62247 #banking

SEBI Issues Warning to ICICI Bank Over Compliance Lapses in Depository Activities SEBI has issued an administrative warning to ICICI Bank after identifying compliance lapses in its depository participant operations during a routine inspection. The bank stated that corrective steps are being taken and confirmed there is no material impact on its financial or operational performance. Read More: https://thekanal.in/en-IN/details/sebi-issues-warning-to-icici-bank-over-compliance-lapses-in-depository-activities-65174 #banking

Exclusive: HDFC Bank Woman Officer Complaint Before Labour Commissioner Alleging Unfair Termination A former HDFC Bank woman officer has approached the Regional Labour Commissioner (Central), Lucknow, alleging unfair termination and a hostile work environment. The complaint includes detailed submissions and supporting documents. Read More: https://thekanal.in/en-IN/details/exclusive-hdfc-bank-woman-officer-complaint-before-labour-commissioner-alleging-unfair-termination-17808 #banking

PNB Allocates Up to ₹8,000 Crore for Cybersecurity, Boosts Tech Procurement Punjab National Bank (PNB) has allocated ₹7,000–₹8,000 crore, about 20% of its tech budget, to strengthen cybersecurity amid rising digital and AI related risks. The bank is also accelerating security tool procurement and has introduced 24/7 audits to detect vulnerabilities quickly. Read More: https://thekanal.in/en-IN/details/pnb-allocates-up-to-8000-crore-for-cybersecurity-boosts-tech-procurement-866 #banking