Government Notifies 100% FDI in Insurance Sector; LIC Cap Retained at 20% The government has allowed 100% FDI in domestic insurance companies under the automatic route, while retaining a 20% foreign investment cap for LIC, subject to IRDAI regulations. Read More: https://thekanal.in/en-IN/details/government-notifies-100-fdi-in-insurance-sector-lic-cap-retained-at-20-97872 #banking

AIRRBEA Strike Notice Leads to Conciliation Talks on RRB Issues Conciliation talks began on May 4, 2026 after the All India Regional Rural Bank Employees Association (AIRRBEA) issued a strike notice over multiple pending issues in Regional Rural Banks, including promotion rules, settlement implementation and staffing concerns, with further discussions scheduled for June. Read More: https://thekanal.in/en-IN/details/airrbea-strike-notice-leads-to-conciliation-talks-on-rrb-issues-4758 #banking

Why AISBISF Announces Two Day Nationwide Strike in SBI on 25–26 May 2026 The All India State Bank of India Staff Federation (AISBISF) has announced a two day nationwide strike in State Bank of India on 25–26 May 2026, citing unresolved staff demands, including recruitment, pension issues, and alleged non implementation of agreements. Read More: https://thekanal.in/en-IN/details/why-aisbisf-announces-two-day-nationwide-strike-in-sbi-on-2526-may-2026-61286 #banking

We Obeyed RBI Rule, Yet Skeleton Row: 'Social Media Outrage Made Us Scapegoat’ Say Odisha Grameen Bank Employees Odisha Grameen Bank staff say they followed RBI rules, yet faced backlash and vilification, exposing pressure on bankers in the Malliposi case. Read More: https://thekanal.in/en-IN/details/we-obeyed-rbi-rule-yet-skeleton-row-social-media-outrage-made-us-scapegoat-say-odisha-grameen-bank-employees-63640 #banking

DA Revised for Bankers to 25.70% from May 2026; Details and Break up Sheets Provided Dearness Allowance (DA) of the bankers has been revised to 25.70% effective May 2026. As per the official guidelines, CBOF shared the update with officers, while AIBEA provided detailed break-up sheets showing the stage wise salary impact. Read More: https://thekanal.in/en-IN/details/da-revised-to-2570-from-may-2026-cbof-shares-details-aibea-issues-break-up-sheets-8567 #banking

Workplace Concerns, Policy Updates & RRB Developments: Weekly Banking Roundup This week’s banking roundup captures a mix of workplace concerns, regulatory developments and operational challenges across the sector. Issues around employee conditions, governance practices and workload pressures continued to surface, while policy-level developments and regulatory actions shaped the broader landscape. At the same time, regional rural banks saw a combination of on-ground incidents, employee responses, performance updates and ongoing concerns around service conditions and compliance. Subscribe Channel and Watch More: https://youtu.be/wHOn7yUmRQA?si=xjjmRO0anRME7O8r #banking

Union Bank Denies ‘Window Dressing’ Claims; AIUBEA Seeks Action Against ‘False Complaint’ and Media Report Union Bank denies ‘window dressing’ claims, calls report unverified. AIUBEA now seeks action against those behind the complaint and the media report, citing potential market and reputational impact. Read More: https://thekanal.in/en-IN/details/union-bank-denies-window-dressing-claims-aiubea-seeks-action-against-false-complaint-and-media-report-31025 #banking

UBOAKS / AIBOC Advise Bank Officers to Use Portal for Transfer Appeals and Grievances Sreenath Induchoodan, the General Secretary of UBOAKS/AIBOC has advised bank officers to submit transfer related appeals and grievances only through the official online portal, after concerns that some eligible cases were overlooked. He clarified the difference between appeal and grievance processes and asked officers to prepare proper documents and seek guidance before applying. Read More: https://thekanal.in/en-IN/details/uboaks-aiboc-advise-bank-officers-to-use-portal-for-transfer-appeals-and-grievances-35864 #banking

AIUBEA Seeks Clarity, Flags Dual Action on ‘Window Dressing’ Allegations N. Shankar, General Secretary of All India Union Bank Employees’ Association (AIUBEA) demands action against management if allegations are true, or against media if false, over the Union Bank ‘window dressing’ allegations. Read More: https://thekanal.in/en-IN/details/aiubea-seeks-clarity-flags-dual-action-on-window-dressing-allegations-48289 #banking

Smaller UPI Firms to Meet NPCI, Seek Level Playing Field with PhonePe, Google Pay, Paytm Smaller Unified Payments Interface (UPI) firms plan to meet National Payments Corporation of India (NPCI). They seek fair competition in the payments ecosystem. The move reflects concerns over dominance of leading apps. Read More: https://thekanal.in/en-IN/details/smaller-upi-firms-to-meet-npci-seek-level-playing-field-with-phonepe-google-pay-paytm-7766 #banking