Latest Update on Bank Strike: Reconciliation Meeting Held Today
A reconciliation conference involving the IBA, bank associations, and bank management was held today. This conference was attended by the labor commissioner and the management of all public sector banks. On March 24 and 25, 2025, Bank employees announced a strike, prompting the demand for the reconciliation meeting.
Due to demands like 5-day banking not being met, the bank associations have declared a strike. The meeting was place today, but no agreement could be reached. Therefore, the next meeting is scheduled for March 21, 2025, at 11:30 a.m.
The CLC office was the location of the meeting. The bank management, DFS, and IBA were all present. Every topic was covered. Regarding the concerns, particularly recruitment, 5-day banking, and unilateral PLI, there was no improvement.
CBI Arrests Bank Manager for Taking Bribe
The branch manager of Baroda UP Bank's Sikhola branch in Azamgarh was detained by the Central Bureau of Investigation (CBI) as he was taking a ₹20,000 bribe. The offender was apprehended while requesting money from an account holder in order to permit the withdrawal of funds from a sanctioned loan.
The complainant had taken out a loan under the Dairy Loan and Kisan Credit Card (KCC) programs, according to CBI authorities. According to reports, the branch manager wanted a payment of ₹20,000 when he went to the bank to withdraw the authorized amount. The manager informed the complainant that he would not be able to access his loan funds if he did not make the payment. The victim, distressed by the demand, informed the CBI of the situation.
The CBI promptly responded to the complaint after registering the case on March 12, 2025. The CBI's Anti-Corruption Branch set up a trap on March 11, 2025, and apprehended the accused as he accepted the money.
The manager was taken into custody right away and is currently being brought before the Lucknow special CBI court.
This episode brings to light a recurring problem in the banking industry, especially in rural areas, where officials are allegedly demanding bribes in order to execute loans under government programs. When attempting to obtain their legitimate payments, farmers and small borrowers frequently encounter exploitation by crooked officials and middlemen.
According to CBI officials, the probe is still underway and further information could come to light. It's possible that additional officials are engaged in similar dishonest activities. Call for Public Reports of Corruption Both the CBI and the bank administration have called on the public to report any bribery demands made by bank officials in the wake of this case.
Authorities have promised that dishonest staff will face harsh consequences. It is anticipated that this crackdown will send a powerful message and make those engaged in such immoral actions fearful. Concerns over the integrity and transparency of banking operations have also been brought up by the case, particularly in rural areas where farmers depend on loans to make a living. The action taken by the CBI is regarded as an important milestone in the fight against corruption.
FBOIOA launches ‘Sahayya’ scheme to provide interest-free financial assistance to officers
A unique relief program called "FBOIOA Sahayya" has been launched by the Federation of Bank of India Officers' Associations (FBOIOA) to provide interest-free financial aid to officers who have had their salaries drastically reduced as a result of perquisite tax deductions. The program's goal is to give officers who had significant tax deductions in February 2025 and whose net salary was less than Rs.20,000 instant financial support.
Bank Employee Suicide, Family Alleges Workplace Harassment
A senior ICICI Bank employee, Vivek Samdarshi, allegedly died by suicide in Bengaluru, with his family accusing top bank officials of workplace harassment and excessive work pressure. Concerns regarding toxic work environments in corporate settings have been raised by the incident.
Banks must continue to innovate & transform: FM
On Friday, Nirmala Sitharaman, the finance minister, urged banks to embrace innovation and digital transformation, highlighting the necessity of adjusting to shifting consumer demands and technology breakthroughs.
Bank of India(BOI) Specialist Officer (SO) Recruitment 2025 for 180 Posts
Bank of India (BOI), a prominent public sector bank, has released a notification for the recruitment of Specialist Officers (SO) across various disciplines up to Scale IV. Eligible candidates can submit their online applications from March 8, 2025, to March 23, 2025.
Bank of India SO Recruitment 2025 Overview
Organization | Bank of India (BOI) |
Advt. No. | Project No. 2024-25/1 |
Post Name | Specialist Officer (SO) |
Vacancies | 180 |
Job Location | Across India |
Mode of Application | Online |
Last Date to Apply | 23 March 2025 |
Category | Online Exam and/or Interview |
Official Website | www.bankofindia.co.in |
Bank of India SO Recruitment 2025 Important Dates
- Online Application Start Date: 8 March 2025
- Last Date to Apply: 23 March 2025 (till 11:59 PM)
- Last Date for Fee Payment: 23 March 2025
- Exam Date: To be released
Bank of India SO Recruitment 2025 Application Fees
- General / Others: ₹850/-
- SC / ST / PWD: ₹175/-
- Mode of Payment: Online
Bank of India SO Recruitment 2025 Age Limit
- Minimum Age: 25 Years
- Maximum Age: 32-35 Years (Post Wise)
- Age Limit as on 01/01/2025
- The age relaxation will be given as per the rules.
Bank of India SO Recruitment 2025 Educational Qualifications
Post Name | Qualification |
---|---|
Specialist Officer | Check Notification |
Bank of India SO Recruitment 2025 Vacancy Details
Post Name | Vacancies |
---|---|
Specialist Officer | 180 (UR-77, EWS-15, OBC-49, SC-24, ST-15) |
Bank of India SO Recruitment 2025 Selection Process
The selection process for Bank of India SO Recruitment 2025 will consist of:
- Written Exam
- Personal Interview
- Document Verification
- Medical Examination
Bank of India SO Recruitment 2025 Exam Pattern
Subject | Questions | Marks | Duration |
English Language | 25 | 25 | 30 Mins |
Professional Knowledge Relevant to the Post | 100 | 100 | 60 Mins |
General Awareness with special reference to Banking Industry | 25 | 25 | 30 Mins |
Total | 150 | 150 | 2 Hours |
Bank of India SO Recruitment 2025 Notification PDF & Apply Online
PSU banks increase their market share and surpass private lenders in loan growth
Following years of decline, PSU banks' market share has somewhat increased. In June 2017, its market share was 66.7 percent; by June 2024, it had fallen to 53.1 percent. According to the research, this might have been exacerbated by its deteriorating asset quality and capital worries.
Public sector banks performed well in the first three quarters of the current fiscal year, according to the finance ministry on February 6. Their April-December net profit of Rs 1.29 lakh crore represented a 31.3 percent increase over the same period last year. With the net NPA ratio at 0.59 percent, the ministry also reported an improvement in asset quality.
According to the ministry, PSBs are well-capitalized and positioned to satisfy the credit needs of all economic sectors, with a focus on the infrastructure, MSME, and agricultural sectors.
Improved systems and procedures for credit discipline, the identification and resolution of stressed assets, responsible lending, better governance, financial inclusion programs, and technology adoption are just a few of the outcomes of policy and procedural changes.
These actions resulted in the banking industry's overall stability and long-term financial health, which is seen in the PSBs' current performance.
Useful links for Bankers |
---|