Bank of Maharashtra Employees’ Union Aurangabad’s 14th Biennial Conference blended policy debates, mental-health focus, Shripad Dange Award to Milind Ranade and the election of new leaders in Aurangabad (now Chhatrapati Sambhajinagar).

State Bank of India (SBI) faces severe staff shortages and stagnant recruitment, with over one lakh employees having exited in recent years. Union leaders warn that outsourcing, contractual labour, and recent share sales point towards phased privatisation.

PSB Manthan 2025 in Gurugram outlined the future of Indian banking with a focus on growth, technology, and global competitiveness. The conclave positioned Public Sector Banks as key drivers towards Viksit Bharat 2047.

Rising bond yields are making market borrowings costlier, pushing corporates closer to banks for funding. Experts believe this could revive corporate credit demand, though external factors like new US tariffs on Indian goods may weigh on the recovery.

State Bank of India officer alleges harassment, withheld salaries, abrupt transfers, and denial of medical claims. He invokes constitutional rights and seeks urgent justice for himself and many fellow employees.

There is a mounting pressure to sell third-party insurance and mutual fund products in Regional Rural Banks (RRBs), bankers and their unions raises concerns. This video examine how skyrocketing sales targets, transfer threats, and aggressive incentive campaigns are shifting focus away from core banking services.

The unions of IDBI Bank have urged management to immediately release a minimum of 15 days’ salary as Performance Linked Incentive (PLI) to all employees, citing record profits in FY 2024–25 and delays in appraisal transparency compared to other banks.

This weekly round-up brings key developments from both Public Sector Banks and Regional Rural Banks. UCO Bank suspended staff leave till the end of September, while Union Bank unions protested against the extension of the rotation transfer timeline. In Odisha, SBI field officers were directed to maintain dummy registers, Punjab & Sind Bank came under scrutiny for allegations of favoritism in promotions, and PNB agricultural officers highlighted adverse working conditions. Among RRBs, J&K Grameen Bank correspondents alleged unpaid dues even after amalgamation, and Gujarat Gramin Bank restricted staff leave in Patan to meet targets. The week also saw the Minister of State for MSME endorse AIRRBEA’s call to protect rural banking objectives.

Gold’s rally has given India’s banking system both a boost and a warning. On one hand, it is driving credit growth and improving asset quality. On the other, it demands tighter risk management and regulatory oversight.

The Joint Forum of Union Bank Unions opposed management’s decision to extend rotation transfers beyond 30 June, citing violation of settlement terms, and urged employees to formally object through letters and legal references.