RRB Staff Raise Pay and Leave Concerns as PLI Implementation Remains Pending Employee grievances have surfaced in Regional Rural Banks as unions in Tripura Gramin Bank protested post-facto leave rejections, while officers of Chhattisgarh Rajya Gramin Bank demanded the release of officiating pay allowance. Reports also highlight that the Performance Linked Incentive (PLI) framework remains unimplemented in many RRBs despite earlier policy discussions. Subscribe Channel and Watch More: https://youtube.com/shorts/z9MQG-gGVIc?si=ZfJcJ42wfc1EemKS #banking

RBI Imposes ₹63.6 Lakh Penalty on CSB Bank for Non-Compliance with BC, Account Charge Guidelines RBI has imposed a ₹63.6 lakh penalty on CSB Bank for non-compliance with guidelines related to Business Correspondent arrangements and account maintenance charges. Read More: https://thekanal.in/en-IN/details/rbi-imposes-636-lakh-penalty-on-csb-bank-for-non-compliance-with-bc-account-charge-guidelines-11868 #banking

Ex-Servicemen Bank Employees Federation Seek Extension of Promotion Application Window at PNB The All India Ex-Servicemen Bank Employees' Federation has urged Punjab National Bank to reopen the promotion application window, stating that many ex-servicemen employees missed the opportunity due to delays in updating required HRMS records. Read More: https://thekanal.in/en-IN/details/ex-servicemen-bank-employees-federation-seek-extension-of-promotion-application-window-at-pnb-89051 #banking

Govt Expects ‘One State, One RRB’ Policy Strengthen Banking Service in Rural Regions The Government of India informed in the Lok Sabha that the ‘One State, One Rural Bank’ policy to strengthen Regional Rural Banks (RRBs). The initiative aims to improve capital strength, efficiency, and banking services in rural areas. Read More: https://thekanal.in/en-IN/details/government-implements-one-state-one-rural-bank-policy-regional-rural-banks-reduced-from-43-to-28-65485 # #banking

Regional Rural Banks Record 8.2% Deposit Growth in FY 2024–25, Private Sector Banks Grow 12%: Government Reply in Lok Sabha Regional Rural Banks (RRBs) recorded deposit growth of 8.2% in FY 2024–25. Private sector banks reported 12% growth during the same period. The government shared the comparative figures in the Lok Sabha. Read More: https://thekanal.in/en-IN/details/regional-rural-banks-record-82-deposit-growth-in-fy-202425-private-sector-banks-grow-12-government-reply-in-lok-sabha-34507 #banking

Government Says No Proposal to Revise Basic Pension of Public Sector Bank Retirees in Lok Sabha Reply Government clarifies pension revision status. No proposal to revise basic pension of Public Sector Bank retirees currently. Read More: https://thekanal.in/en-IN/details/government-says-no-proposal-to-revise-basic-pension-of-public-sector-bank-retirees-in-lok-sabha-reply-73418 #banking

DFS Reviews Major IBC Cases with PSBs and IBBI to Speed Up NCLT Resolutions The Department of Financial Services reviewed major insolvency cases with PSBs and IBBI, urging faster action at NCLT and closer monitoring to speed up resolutions and improve recovery under the IBC framework. Read More: https://thekanal.in/en-IN/details/dfs-reviews-major-ibc-cases-with-psbs-and-ibbi-to-speed-up-nclt-resolutions-34856 #banking

UFBU Raises Concerns Over PLI Scheme and Five-Day Banking During Latest Conciliation Meeting UFBU held a conciliation meeting with banking authorities and government representatives. Issues related to the PLI scheme and five-day banking were discussed. Read More: https://thekanal.in/en-IN/details/ufbu-raises-concerns-over-pli-scheme-and-five-day-banking-during-latest-conciliation-meeting-94785 #banking

AIBOA Urges Finance Ministry to Ensure Implementation of Government Transfer Policy Guidelines in Bank of Baroda The All India Bank Officers’ Association (AIBOA) has written to the Department of Financial Services regarding transfer policy implementation in public sector banks. The association highlighted concerns about adherence to government guidelines by Bank of Baroda. Read More: https://thekanal.in/en-IN/details/aiboa-urges-finance-ministry-to-ensure-implementation-of-government-transfer-policy-guidelines-in-bank-of-baroda-17109 #banking

Income Tax Department Conducts Nationwide Verification on Restaurants, Finds ₹408 Crore Turnover Suppression The Income Tax Department conducted a nationwide verification exercise targeting restaurants over suspected suppression of turnover. The exercise covered thousands of establishments and revealed sales suppression worth around ₹408 crore across multiple states. Read More: https://thekanal.in/en-IN/details/income-tax-department-conducts-nationwide-verification-on-restaurants-finds-408-crore-turnover-suppression-5226 #banking