Privatisation of PSBs, RRB Reforms and Small Loans Crisis in Spotlight – A Weekly Round-up

From objections to RRB guidelines to debates on transparency in Bank of Baroda and Union Bank’s transfer policy — the week witnessed strong union voices and critical reviews across India’s banking sector. Meanwhile, Punjab National Bank’s Local Bank Officer post announcement, SBI Star launch, discussions on the shrinking space for small borrowers, SBI’s Q2 FY26 net profit of ₹20,160 crore, and the Finance Minister’s statement that bank privatisation will not affect financial inclusion added diverse developments to the sector. Here’s the complete round-up of major updates across the banking sector.