Female Chief Manager in PSU Bank alleges Harassment by Deputy Zonal Manager

A startling instance of sexual harassment has surfaced at Indian Bank. Sadhna Dubey, a female chief manager, has made startling accusations against Vijay Shankar Thakur, the deputy zonal manager of the Indian Bank Nagpur region.She claimed to be a Chief Manager in the Credit Department and that the Deputy Zonal Manager had been harassing her on a regular basis. She claims that despite her repeated complaints to higher authorities, nothing has been done.

She said the Deputy Zonal Manager regularly summons her to his cabin and keeps an eye on her via CCTV cameras. She further claimed that he mistreats her, disparages her, and speaks poorly of her.

She claims that the alleged harassment has negatively impacted her health and personal life. She said that because of the stress brought on by the harassment, she miscarried and lost her desire to have children. She further claimed that the Deputy Zonal Manager once called her to his cabin after a top official called, telling her that the DGM wanted to talk to her because he liked her.

She claimed that the Deputy Zonal Manager wanted to know who she was speaking to and asked her to display the specifics of her phone conversations. Additionally, she said that every time someone came to see her, he would inquire about their identity and the topics they had talked.

She asserted that the Deputy Zonal Manager disregards women and is unaware of his boundaries. She also urged female employees to file police complaints when organizations fail to address their problems and to take action against such persons.

Indian Bank should take severe measures against the accused officer in line with company policy and the law if these accusations are proven to be accurate. It is the duty of every organization to give female employees a respected, safe, and dignified work environment. In these situations, prompt and equitable action is crucial to preserving employee trust and guaranteeing that harassment occurrences are not accepted.

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Chief Manager and AGM of PSU Bank sentenced Two Year Jail in Gujarat

On April 10, 2026, a CBI court in Ahmedabad found three retired Punjab National Bank (PNB) employees guilty of bank fraud and sentenced six additional people, including ordinary citizens and a business. 

Gurinder Singh, a retired assistant general manager, K.G.C.S. Iyer, a retired chief manager, and K.E. Surendranath, a retired senior manager, are the authorities found guilty. The court fined each of the three officials ₹1 lakh and sentenced them to two years of hard labor.

Sanjay Nagjibhai Patel was sentenced to three years of rigorous imprisonment and a fine of ₹50,000, Satish Nagjibhai Davra to two years and a fine of ₹50,000, Hitesh Domadiya to three years and a fine of ₹1 lakh, Vaishaliben Davra to two years and a fine of ₹50,000, and Ramilaben Bhikadiya to two years and a fine of ₹50,000. 

Additionally, M/s Jalpa Enterprise Pvt. Ltd. was fined ₹50,000 by the court. On August 22, 2016, the Central Bureau of Investigation (CBI) filed a case against Shailesh Bhikhabhai Satasia, proprietor of M/s Shree Kali Textiles, Surat, along with other accused including Sanjay Nagjibhai Patel and Satish Nagjibhai Davra, and unknown private persons and public servants.

The inquiry reveals that on July 10, 2011, M/s Shree Kali Textiles requested for a term loan of ₹3.70 crore with a cash credit limit of ₹40 lakh in order to buy 44 water jet weaving machines and for commercial operations. On July 29, 2011, then-AGM Gurinder Singh approved the loan on the advice of bank executives K.E. Surendranath and K.G.C.S. Iyer. 

Together with collateral like land and residential apartments, the machines served as major security. In order to get the loan, the accused presented false documentation. The accused benefited unfairly from the loan's approval and disbursement by bank personnel, which cost Punjab National Bank, Surat ₹156.98 lakh plus interest.

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Bank of Baroda Chief Manager Dies by Suicide Due to Work Pressure

 A horrible event occurred in Baramati, Pune, where 52-year-old Shivshankar Mitra, the branch manager of Bank of Baroda, committed suicide. At the Bank of Baroda branch on Bhigwan Road, he served as the Chief Manager. 

 Finally, the suicide note is delivered. To view the suicide note, please scroll down. The event took place on Thursday, July 17, late at night. Inside the bank's grounds, Shivshankar Mitra was discovered dead. He had gone so far as to hang himself from the limb itself. He was originally from Uttar Pradesh.

Shivshankar Mitra left behind a devastating letter outlining his reasoning for taking his own life. He wrote that the bank was putting a lot of pressure on him. 

 Five days prior, he had submitted a voluntary retirement request, citing his inability to cope with the mounting pressure and workload. However, it is thought that he felt helpless and took this extreme action because senior officials failed to respond. 

 He stated unequivocally in his letter:

“I, Shivshankar Mitra, Chief Manager, Bank of Baroda, Baramati, am committing suicide due to the additional pressure from the bank. Please do not put such pressure on other staff members. Everyone is doing their job with full dedication.”

He also expressed a noble wish — that his eyes be donated, if possible.

In his note, he also made it apparent that no one in his family was accountable and that he was acting alone and rationally. He requested that no one be held responsible for anything other than the stress he was experiencing at work. 

 He sent the following in a heartfelt letter to his family: 

“Priya, forgive me. Mahi, forgive me.”

(These are believed to be his wife and daughter.)

The cause of death has not yet been formally established by the authorities. Nonetheless, the circumstances and the note's contents suggest that work strain is the primary cause. This incident emphasizes how banking workers are experiencing increasing levels of mental stress and how their wellbeing needs to be given careful consideration.

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BOI Chief Manager sent to 3 Years Jail in Loan Fraud Case

For his role in a bank fraud case, Jeevangine Srinivasa Rao (J.S. Rao), the former chief manager of Bank of India's SM Road Branch in Ahmedabad, was convicted to three years in prison and fined ₹1.5 lakh by a special CBI court in Ahmedabad. 

On October 30, 2003, J.S. Rao and others were the subject of a case filed by the Central Bureau of Investigation (CBI). 

According to the Prevention of Corruption Act, the lawsuit was founded on claims of criminal conspiracy, fraud, forgery of valuable security, and criminal misconduct. 

The CBI claims that in order to obtain a loan, private participants in the conspiracy provided fictitious collateral security.

According to the investigation, J.S. Rao used dishonest methods to approve a loan of ₹80 lakh for private individuals. 

Among the loans were: 

As working capital, 

₹30 lakh A Letter of Credit (LC) for ₹25 lakh As a term loan, 

₹25 lakh These loans were made using fake and falsified collateral security, 

which caused the bank to suffer an unjustified loss and the accused to profit illegally.

 Additionally, the CBI discovered that Rao failed to properly investigate the business operations of the private entity both before and after the sanction. 

Even though he was aware that the company had previously provided fictitious collateral security, he nevertheless approved more phony paperwork, including as an equitable mortgage for a Gandhinagar plot.

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