Despite massive staff shortage and outsourcing in SBI, the ₹25,000 crore share sale fuels fears of slow, strategic privatisation.

Shares of SBI were trading at ₹831, up 1.74 per cent over previous close on the BSE

Inflation in US jumped to 2.7% last month from 2.4% in May

Federal Bank has appointed Venkatraman Venkateswaran as its new executive director, effective July 10, for a three-year term. The Reserve Bank of India has approved his appointment. Venkateswaran, 59, currently serves as the group president and chief financial officer, overseeing key areas such as financial reporting and credit administration. He succeeds Shalini Warrier in this role.

The education loan AUM of NBFCs grew rapidly by 48 per cent to ₹64,000 crore last fiscal. That followed an even faster 77 per cent growth in fiscal 2024, according to Crisil Ratings. This fiscal, growth is seen moderating to 25 per cent with AUM reaching ₹80,000 crore, the rating agency added.

In recent days, many bankers in Regional Rural Banks (RRBs) across Uttar Pradesh and Tamil Nadu have faced violent attacks - at duty time. From the abduction and overnight assault of UP Gramin Bank staff in Basti, to field officers being attacked in Sitapur, and Tamil Nadu Grama Bank employees assaulted or locked inside branches, the safety of rural bankers is under serious threat. In this video, Kanal brings you the ground reality. Watch the video to know what happened in Basti, Sitapur, Ramanathapuram, and Salem - and what the bank unions are demanding in response.

Finance Minister Nirmala Sitharaman lauded State Bank of India's digital transformation. She spoke on the bank's 70 years of service. SBI supports farmers, SHGs, and MSMEs. The bank has a large number of Jan Dhan and insurance scheme beneficiaries. SBI plans to solarise 4 million homes by FY27. Chairman C S Setty highlighted SBI's focus on technology and inclusive growth.

The All India Regional Rural Bank Employees Association (AIRRBEA) has strongly opposed a recent directive by the Department of Financial Services (DFS), proposing that Regional Rural Banks (RRBs) raise capital through Initial Public Offers (IPOs). AIRRBEA calls this a gateway to privatisation - something they’ve fought against for years. Watch the full video to understand the deeper concerns, real numbers, and what AIRRBEA believes is the future of rural banking in India.

A former Bandhan Bank officer claims his resignation was delayed citing process lapses. He alleges the bank used the inquiry period to humiliate, frustrate, and harass the employee, knowing he could not exit without a relieving letter. The charge sheet accuses him of not conducting Field Verification Reports properly for two accounts.

Thousands of Regional Rural Bank (RRB) employees across India continue to work under extreme conditions—no air conditioning, poor toilet facilities, outdated equipment, and often without basic security in remote branches. This video takes a closer look at the ground realities inside many RRB branches, especially in rural and border areas, where employees—both men and women—struggle every day to serve customers with limited resources. Will amalgamation finally lead to infrastructure reform in RRBs?