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The Member of Parliament from Uttar Pradesh, Jagdambika Pal while participating in the ongoing parliament session, appealed for a national entity for Regional Rural Banks (RRBs). By emphasising the significance and credibility of RRBs, he urged the attention from Govt saying that "The RRBs with 22,000 branches serve 40 crore people, supporting farmers, students, and women in villages. Despite their vital role, they lack a unified apex body for efficient management. A National Rural Bank is needed to regulate and strengthen their services for rural development." Watch this video for his words on RRBs
Kanal Video Team | 2024-12-13
The United Forum of Bank Unions (UFBU) plans a nationwide strike and Parliament march, demanding improved banker safety, five-day banking, urgent recruitment, and withdrawal of controversial performance reviews for senior staff, addressing pressing issues in the banking sector.
Abhivad | 2024-12-11
Two recent incidents of violence against bank managers—a female Canara Bank manager in Patna assaulted over a loan dispute and a Union Bank manager in Ahmedabad attacked over a TDS issue—highlight rising threats to banker safety. Social media calls for increased security and protective legislation for bankers.
Abhivad | 2024-12-09
The All India Punjab National Bank Officers’ Federation (AIPNBOF) has announced a two-day nationwide strike on 26 and 27 December 2024 to address critical issues impacting bank officers.
Abhivad | 2024-12-06
The Lok Sabha on 03 December 2024, passed the Banking Laws (Amendment) Bill 2024, aimed at improving banking governance and enhancing customer convenience. The Bill, introduced by Finance Minister Nirmala Sitharaman, was approved by a voice vote. This article details the changes brought in.
Abhivad | 2024-12-05
Despite record profits achieved by Public Sector Banks(PSBs), employees face mounting stress, stagnant wages, unmet demands, and work-life imbalance. While the workforce drives this success, they see little benefit, grappling with unfair pay practices, growing violence, and the looming threat of privatisation.
Abhivad | 2024-12-04
Indian banks have written off Rs 9.9 trillion in bad debts over the past five years, including Rs 1.7 trillion in FY24—the lowest in the period. While write-offs aim to tackle rising NPAs, recovery efforts remain lacklustre, with only 18.7% of written-off loans recovered in five years, leaving a staggering 81.3% unresolved.
Abhivad | 2024-12-02
(AIBEA & AIBOC oppose the DFS’s new PLI scheme for senior bank executives, citing risks to teamwork, fairness, and banking autonomy. Unions call for collective solutions prioritising collaboration over competition.)
Abhivad | 2024-11-27
Canara Bank announces a new "Comprehensive Employee Specific Feedback Management" solution, sparking mixed reactions among employees and unions.
Abhivad | 2024-11-25
IDBI officers have reiterated their concerns about a toxic work culture in the bank, especially in the Retail Banking Group, urging the management to take corrective action.
Abhivad | 2024-11-22