Five Officers sent to 3 Years Jail for lapses in Loan Sanctioning

In a significant bank fraud case, the CBI Court found two private individuals and five State Bank of India (SBI) employees guilty. According to the conviction, A1 to A7 were fined Rs1,15,000, A1 to A4 were sentenced to three years of simple jail, and A5 was sentenced to two years of simple imprisonment. 

According to CBI investigators, they plotted to defraud SBI-Anaparthy Branch between 2008 and 2011 by obtaining credit facilities for VNR Refineries through deception. Bank clients conspired with bank employees to get loans by hiding previous mortgages and providing falsified paperwork as collateral.

• Kalluri Satyanarayana (A1) – Then Relationship Manager (Medium Enterprises), SBI Sales Hub, Regional Business Office, Kakinada, East Godavari district.
• Chaganti Chalapathi (A2) – Then Branch Manager.
• Nidadavolu Venkata Ramana Rao (A3) – Then Branch Manager.
• Manapragada Ramana (A4) – Then Assistant Manager (Advances), SBI Anaparthy Branch, East Godavari district.
• Mallidi Venkata Narayana Reddy (A5) – Managing Director of VNR Refineries Private Ltd, Vemulapalli-Dwarapudi, Mandapeta Mandal, East Godavari district.
• M Venkata Narayana Reddy (A6) – Private person.
• P Subba Rao (A7) – Then Assistant Manager (Agriculture Advances), SBI Anaparthy Branch.

By breaking bank regulations, disregarding proper processes, and falsely certifying documents to enable the loans, the bank executives abused their positions. With an outstanding balance of Rs 9.19 crore, they thus caused unjust loss to the bank and wrongful gain to themselves.

Because it involves public funds, financial confidence, and stringent regulatory compliance, loan processing is one of the most delicate tasks in the banking industry. When it comes to lending sanctioning, verification, and monitoring, bank employees are expected to act with the highest level of diligence, integrity, and openness.

Serious financial losses and financial mismanagement can result from even a minor oversight. As a result, when processing loans, bankers must thoroughly review each application, accurately check papers, and make sure that all regulations and guidelines are followed.

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Registration of Bank of India(BOI) Officers Organisation cancelled in Rajasthan

The Bank of India Officers' Organization (BOIOO-NOBO) has had its registration revoked by the Rajasthan Registrar of Trade Unions due to several irregularities, such as falsified signatures and inconsistent membership records.

The Office of the Registrar of Trade Unions, Rajasthan, has revoked the Bank of India Officers' Organization's (BOIOO-NOBO) registration, which is a major step in the banking trade union sector. Following a thorough review of documents, complaints, and statutory compliance under the Trade Unions Act, 1926, the order, dated March 25, 2026, was issued.

The organisation held Registration No. RTU-01/2022 dated 06.01.2022, which now stands cancelled with immediate effect.

The order states that complaints and supporting documentation submitted to the authority were reviewed before the decision was made. The Registrar noted that the registration was obtained in contravention of the Trade Unions Act's,1926 restrictions. 

The authority observed that the registered union did not provide a satisfactory answer throughout the hearings, even though they were given opportunities to state their position. Statements from a few people who claimed their names were added as founding members without their permission are included in the order. 

Additionally, they rejected signing any registration-related paperwork. The authority began to doubt the veracity of the documents provided during the registration process as a result of these allegations. The ruling was mostly based on the allegations of falsified signatures and unapproved name inclusion.

Inconsistencies in the membership information provided at the time of registration were discovered during examination. The stated membership strength did not correspond with the official records that were at hand. In order to reflect increased membership numbers, it was also noted that names of those connected to another union were included. 

This discrepancy was identified as a significant anomaly in the registration procedure. The organization's declaration of a bank property as its registered office without the necessary authorization or No Objection Certificate (NOC) from the bank was also highlighted by the Registrar. 

This was regarded as a violation of the Trade Unions Act of 1926's legal requirements. According to the order, the registered union received notices that gave it a chance to voice its opinions.However, no office bearers appeared before the authority, and no response was submitted to address the observations raised.

Based on the findings, the Additional Labour Commissioner & Registrar of Trade Unions, Rajasthan, exercised statutory powers under the Trade Unions Act, 1926, and ordered cancellation of the registration granted on 06.01.2022.

The cancellation has been made effective immediately.

The order appears to have been circulated to all concerned parties, including the bank’s head office. As of now, no further developments from the bank’s end have been reported.

The cancellation of BOIOO-NOBO’s registration follows documented findings related to discrepancies in membership records, alleged forged declarations, and procedural non-compliance. The order, issued on 25 March 2026, brings the registration granted under RTU-01/2022 to an immediate end.

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BOI Officer Arrested in dowry Harassment and Suicide Case

 In relation to the suicide of a 26-year-old woman who allegedly took the drastic measure as a result of dowry harassment, police have detained a bank employee. The event happened in Mahadevpuram Colony, which is located near the Shivpur police station. 

On February 27, Kajal, the 26-year-old victim, was discovered hanging at her residence. Police said that she had been subjected to dowry-related harassment from her husband and in-laws. It was just fifteen months ago that she got married. "My parents raised me with love and care, but I did not get that love in my in-laws' house," the author wrote. I am the princess of my father.

On February 9, just eighteen days prior to her passing, Kajal had already filed a formal complaint against her husband and six other members of her in-laws' family. She accused them in the complaint of physical assault, dowry harassment, and eviction. A suicide note was found at the location by police during their investigation. 

According to reports, Kajal stated in the note that although her parents had nurtured her with a lot of love, she did not receive the same affection and attention in her in-laws' home. She reported to the police that on November 16, 2024, she and Nitesh Kumar Singh were married. She claimed that at first everything went well and that her in-laws spent about ₹80 lakh on the wedding. But soon after, requests for an automobile started,and she was regularly beaten and threatened over it.

In her complaint, Kajal named her husband Nitesh Kumar Singh, brother-in-law Vivek Kumar Singh, Abhishek Kumar Singh, sister-in-law Priya Singh, Anchal Singh, and mother-in-law Kankalta Singh as responsible for harassment. She reiterated these allegations in her suicide note, writing that on February 7, she was verbally abused, beaten, and thrown out of the house. Mental harassment had pushed her to take her life.

After the incident, Kajal’s father Neeraj Rai filed a complaint with the police. Based on his complaint, the police registered a case on February 27 against 11 people, including her husband, under charges related to dowry death.

After filing a police complaint, Kajal was allegedly confined on the third floor of her in-laws’ home. She was not allowed to talk to anyone.

According to her uncle Ambuj Rai, the family called her several times starting at noon, but she did not pick up. After that, they visited her in-laws' home. They called the police at 112 since the door was locked from the inside. Kajal was hanging when the door was broken open by the police. Her in-laws had left. Her body was sent for a post-mortem by the police and forensic team. 

Nitesh Kumar Singh, the accused spouse, is employed by Bank of India in Maldahia as an officer/assistant manager. He and his family members were allegedly fleeing the scene. On Friday, he was apprehended from Phulwaria by a police team from the Shivpur police station. The accused was brought before a court following his arrest, and the judge ordered that he be placed under judicial custody.

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State Bank of India(SBI) Circle Based Officers(CBO) Recruitment 2026, Notification Out,How to Apply

The State Bank of India (SBI) has issued the official notification for the recruitment of candidates to the post of Circle Based Officers (CBO) 2026. All details related to this recruitment, such as eligibility, age limit, vacancies, notification pdf, online application link, exam pattern, syllabus, important dates, last date to apply, age limit, education qualifications, etc. are given below.

SBI CBO Recruitment 2026 Important Dates

• Notification Released: 28 January 2026
• Application Start Date: 29 January 2026
• Last Date to Apply: 18 February 2026 (till 11:59 PM)
• Fee Payment Last Date: 18 February 2026
• Examination Date: March 2026

SBI CBO Recruitment 2026 Salary Details

• The starting basic pay is ₹48,480 under the pay scale ₹48,480–2,000/7–62,480–2,340/2–67,160–2,680/7–85,920, along with two advance increments.
• In addition to basic pay, selected candidates will be entitled to Dearness Allowance (DA), HRA/Lease Rental, CCA, Provident Fund, National Pension System (NPS), Leave Fare Concession (LFC), medical benefits, and other allowances and perks as per existing rules.

SBI CBO Recruitment 2026 Notification & Apply Online

SBI CBO Recruitment 2026 Notification

Click Here to Apply Online for SBI CBO

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Bank of Baroda(BoB) released new vacancy for Various Posts

 

Bank of Baroda has released new vacancy for recruitment of candidates to various posts. All details such as eligibility, age limit, etc. are given below.

Important Dates

• Online Registration of Application starts from : 23.07.2025
• Last date for Submission of Application & Payment of fees: 12.08.2025

Vacancies

Post	Vacancy
Manager – Digital Product	7
Senior Manager – Digital Product	6
Fire Safety Officer	14
Manager – Information Security	4
Senior Manager – Information Security	4
Chief Manager – Information Security	2
Manager – Storage Administrator and Backup	2
Senior Manager – Storage Administrator and Backup	2

Post and Scale

Post	Scale
Manager – Digital Product	Scale II
Senior Manager – Digital Product	Scale III
Fire Safety Officer	Scale I
Manager – Information Security	Scale II
Senior Manager – Information Security	Scale III
Chief Manager – Information Security	Scale IV
Manager – Storage Administrator and Backup	Scale II
Senior Manager – Storage Administrator and Backup	Scale III

Age Limit

Post	Age Limit
Manager – Digital Product	Min.: 24 Max.: 34
Senior Manager – Digital Product	Min.: 27 Max.: 37
Fire Safety Officer	Min.: 22 Max.: 35
Manager – Information Security	Min.: 24 Max.: 34
Senior Manager – Information Security	Min.: 27 Max.: 37
Chief Manager – Information Security	Min.: 30 Max.: 40
Manager – Storage Administrator and Backup	Min.: 24 Max.: 34
Senior Manager – Storage Administrator and Backup	Min.: 27 Max.: 37

Click here for Notification

• Download Notification PDF
• Apply Online

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Punjab National Bank(PNB) Rejecting TA Bills of Officers for using Own Car without Prior Permission

TA Bills of officers who use their own automobiles for travel without prior authority approval are being rejected by Punjab National Bank (PNB). According to the existing procedure, officials must first obtain approval from the Circle Office before they are allowed to drive their own vehicle, and only then can their TA bill be approved. Even if officers travel for urgent official business, this requirement still holds true. 

AIPNBOA has now vehemently opposed it. The All India PNB Officers' Association (AIPNBOA) has strongly urged the Punjab National Bank's (PNB) top management to immediately revoke this policy. Citing the policy's detrimental effects on officer morale and efficiency, the association has called it "demotivating" and "impractical."

AIPNBOA has now vehemently opposed it. The All India PNB Officers' Association (AIPNBOA) has strongly urged the Punjab National Bank's (PNB) top management to immediately revoke this policy. Citing the policy's detrimental effects on officer morale and efficiency, the association has called it "demotivating" and "impractical." 

 In a letter to PNB's MD and CEO, the AIPNBOA General Secretary requested that he investigate the matter. The problem has gained attention after the Staff Welfare and Compensation Cell (SWCC) allegedly denied a number of travel allowance (TA) requests, stating that prior authorization from authorities was not obtained.

The association highlighted that officers frequently need to travel at short notice for a wide range of duties, including:

Stock verification

Loan sanction and follow-up visits

End-use verification of loans

Security assessments

Field verification of borrower and customer addresses

Locker rent recovery

Legal and recovery work

Customer outreach and financial awareness programs

Business development and loan recovery drives

AIPNBOA claims that officers are not being reimbursed for official travel in their personal cars just because they did not get prior consent, which is frequently impractical in real-world scenarios. Field officers have reportedly been frustrated and dissatisfied as a result of these TA bills being rejected. 

 These duties cannot wait for official approvals, particularly in circumstances that are urgent or time-sensitive. Even in metropolitan and semi-urban areas, the group noted, personal vehicles are the only dependable means of timely transportation because public transportation is either inaccessible or inappropriate.

The letter also highlighted problems that branch heads and senior officials experience since, according to the current regulations, they have to get permission from the Circle Head before they can drive in their own car for official business. Due to his hectic schedule, Circle Head might not be able to provide approval right away, which causes delays and obstacles in the process. 

 The group also voiced worries that the general culture these policies foster shows a "lack of trust" in cops. According to the letter, "it is as if every officer is considered a thief until proven otherwise." This is detrimental to the working atmosphere in addition to being discouraging, especially for junior officers who are working under pressure in the field.

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IBPS Probationary Officer (PO) / Management Trainee (MT) Recruitment 2025 Notification

The IBPS PO/MT-XV Recruitment 2025 announcement has been formally released by the Institute of Banking Personnel Selection (IBPS).  The goal of this recruiting campaign is to fill the positions of Management Trainees (MT) and Probationary Officers (PO) in the participating public sector banks for the 2026–2027 fiscal year.

 From July 1st, 2025, to July 21st, 2025, interested and qualified applicants may apply online at www.ibps.in, the official IBPS website.  The official announcement, which is included below, has all the information about the eligibility requirements, test format, key dates, and online application process.

IBPS PO/MT Recruitment 2025 Overview

Recruitment Authority	Institute of Banking Personnel Selection (IBPS)
Post Name	Probationary Officer / Management Trainee
Official Website	www.ibps.in
Vacancies	5208
Salary	Rs. 48480-85920/-
Job Location	All India
Job Type	Permanent
Last Date to Apply	21 July 2025

IBPS PO/MT Recruitment 2025 Important Dates

• Online Application Start Date: 01 July 2025
• Last Date to Apply: 21 July 2025 (till 11:59 PM)
• Pay Exam Fee Last Date: 21 July 2025
• Preliminary Exam Dates: 17, 23 & 24 August 2025
• Main Exam Date: 12th October 2025

IBPS PO/MT Recruitment 2025 Application Fees

• General / OBC / EWS: Rs.850
• SC / ST: Rs.175
• PH (Divyang): Rs.175
• Mode of Payment: Online only

IBPS PO/MT Recruitment 2025 Age Limit

• Minimum Age: 20 Years
• Maximum Age: 30 Years
• Age Limit As on: 01/07/2025
• Date of Birth Range: 2nd July 1995 to 1st July 2005
• Age Relaxation: As per government rules

IBPS PO/MT Recruitment 2025 Education Qualifications

Post Name	Qualification
PO/MT – XV	Bachelor Degree in Any Stream.

IBPS PO/MT Recruitment 2025 Vacancy Details

Post Name	Vacancy
PO/MT – XV	5208

Participating Bank	UR	SC	ST	OBC	EWS	Total
Bank of Baroda	405	150	75	270	100	1000
Bank of India	283	105	53	189	70	700
Bank of Maharashtra	405	150	75	270	100	1000
Canara Bank	500	150	50	200	100	1000
Central Bank of India	203	75	37	135	50	500
Indian Bank	NR	NR	NR	NR	NR	NR
Indian Overseas Bank	183	69	33	121	44	450
Punjab National Bank	81	30	15	54	20	200
Punjab & Sind Bank	144	53	27	98	36	358
UCO Bank	NR	NR	NR	NR	NR	NR
Union Bank of India	NR	NR	NR	NR	NR	NR
Grand Total	2204	782	365	1337	520	5208

IBPS PO/MT Recruitment 2025 Notification PDF & Apply Online

Notification PDF

Apply Online

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State Bank of India (SBI) Bank Probationary Officer (PO) Recruitment 2025 Notification Released

The formal announcement for the hiring of probationary officers (PO) for 2025 has been made public by the State Bank of India (SBI). Starting on June 24, 2025, the online application process will run through July 14, 2025. This recruitment, which offers 541 positions, including backlog postings, is being carried out under Advertisement No. CRPD/PO/2025-26/04.

For complete details such as vacancy breakdown, exam pattern, eligibility, age limit, application steps, and selection process, read the full notification.

SBI PO Recruitment 2025 Overview

Organization	State Bank of India (SBI)
Post Name	Probationary Officer (PO)
Advertisement No.	CRPD/PO/2025-26/04
Vacancies	541
Job Location	All India
Last Date to Apply	14 July 2025
Mode of Application	Online
Category	SBI PO Recruitment 2025 Notification
Official Website	bank.sbi

SBI PO Recruitment 2025 Important Dates

• Apply Online Start Date: 24 June 2025
• Last Date to Apply: 14 July 2025
• Pay Exam Fee Last Date: 14 July 2025
• Preliminary Exam: July / August 2025
• Main Exam: September 2025
• Group Discussion & Interview: October / November 2025

SBI PO Recruitment 2025 Application Fee

• General/ OBC/ EWS : Rs. 750/-
• SC / ST / PWD : Rs. 0/-
• Mode of Payment : Online

SBI PO Recruitment 2025 Age Limit

• Minimum Age : 21 Years
• Maximum Age : 30 Years
• Age Limit as on 01/04/2025
• Born Between : 02/04/1995 To 01/04/2004
• The age relaxation will be given as per the rules.

SBI PO Recruitment 2025 Educational Qualification

• Candidates must have a Bachelor’s degree in any discipline from a recognized university.
• Final-year students are eligible to apply provisionally, but they must submit proof of graduation on or before 30th September 2025.
• Applicants with professional degrees such as CA, Engineering, Medical, etc., are also eligible to apply.

SBI PO Recruitment 2025 Vacancy Details

Post Name

Vacancies

Probationary Officer (PO)

541

SBI PO Recruitment 2025 Notification PDF

Notification PDF	Click Here
Apply Online	Click Here

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