Indian Overseas Bank(IOB) Local Bank Officer(LBO) Recruitment 2026


Indian Overseas Bank has released notification for recruitment of candidates to the post of LBO (Local Bank Officer).

ParticularDetails
OrganizationIndian Overseas Bank (IOB)
Post NameLocal Bank Officer (LBO)
GradeJMGS-I / Scale-I
Advertisement No.HRDD/RECT/02/2026-27
Total Vacancies250
Application ModeOnline
Application Start Date08 August 2026
Last Date to Apply24 August 2026
Selection ProcessOnline Exam, LPT & Personal Interview

Indian Overseas Bank LBO Recruitment 2026 Important Dates

Important EventsDates
Commencement of online registration of application08/08/2026
Closure of registration of application24/08/2026
Closure for editing application details24/08/2026
Last date for printing your application08/09/2026
Online Fee Payment08/08/2026 to 24/08/2026



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Bank of India(BOI) Officer Brutally Assaulted Inside Branch in Rajasthan; Staff Safety Under Spotlight


At the Bagru Branch in Jaipur, a Bank of India officer was viciously attacked while carrying out his professional duties. On August 4, Deepak Gajraj, a loan officer from the Bank of India's Bagru branch, called a borrower and requested that he deposit money into his loan account. A female consumer had the account. 


A man claimed to be the customer's husband when he answered the phone. Additionally, he declined to put the funds into the loan account. As the situation worsened, he and a few others entered the bank and mistreated and intimidated the loan officer. The loan borrower tore his clothes, beat the bank employee, and physically stopped him from carrying out his official responsibilities.The officer suffered severe injuries.


AIBOC Rajasthan State Unit supported the officer following the event and brought up the issue with the police authorities. In a meeting with the Jaipur Police Commissioner, a delegation made up of AIBOC Rajasthan State Secretary Ramavtar Singh Jakhar, Senior Vice President Rajesh R Jain, Bank of India Officers' Association State General Secretary Mahesh Meena, SBIOA Jaipur Circle Deputy General Secretary Saroj Mishra, and Bank of India Officers' Association State President Rameshwar Ola submitted a memorandum calling for strict legal action.


An FIR bearing No. 0309/2026 has been registered at Police Station Bagru, Jaipur West, under Sections 132, 121(1), 352, 351(2), 3(5) and 333 of the Bharatiya Nyaya Sanhita, 2023.


AIBOC has demanded the immediate arrest of all persons involved, a fair and time-bound investigation and speedy filing of the charge sheet.



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IBPS PO Notification 2026 Out, Check Exam Date,Vacancy, Online Form and Eligibility


Institute of Banking Personnel Selection (IBPS) has released the
IBPS PO Short Notification 2026 on 30 June 2026 on the official website. The IBPS PO 2026 (CRP PO/MT-XVI) examination offers an opportunity to secure a Probationary Officer/Management Trainee position in 11 participating Public Sector Banks.
Candidates aged 20-30 years who have completed their graduation can apply online from 1st July to 21st July 2026. Check all the essential details, including eligibility, exam dates, application process, salary, and selection stages.

IBPS PO Notification 2026 Out

The IBPS PO 2026 recruitment will be conducted for more than 5,500 vacancies. Graduates, including freshers, are eligible to apply for the post of Probationary Officer, a role that involves managing key banking operations, administration, and customer services. The recruitment process includes Prelims, Mains, Personality Test, and Interview.

Candidates selected for the post will receive a starting basic salary of Rs 48,480, in addition to Dearness Allowance (DA), House Rent Allowance (HRA), and other admissible benefits. Check the official short notice image provided below.

IBPS PO Short Notification 2026

IBPS PO 2026 Exam- Highlights

Particular
Details
Organization
Institute of Banking Personnel Selection (IBPS)
Post
Probationary Officer (PO)/ Management Trainee (MT)
Participating Banks
11
Exam Level
National Level
Category
Bank Jobs
Vacancies
5500+
Application Mode
Online
Salary
Rs. 74,000 to 76,000/-
Selection Process
Prelims, Mains & Interview
Education Qualification
Graduate
Age Limit
20 years – 30 years
Official Website
ibps.in

IBPS PO 2026 Exam Date Out

According to the Official Notification, the Preliminary Exam is scheduled for 22nd and 23rd August 2026, while the Main Exam will be conducted on 4th October 2026. Both exams will be held in multiple shifts, and the admit cards are expected to be released 10–15 days before the respective exam dates.

IBPS PO 2026 Important Events & Dates

Events
Dates
IBPS PO 2026 Notification
30 June 2026
Apply Online Begins
1st July 2026
Last Date to Apply
21st July 2026
Application Fee1st to 21st July 2026
Application Correction Window
TBA
Pre-Exam Training
August 2026
Prelims Exam Date 2026
22nd and 23rd August 2026
Mains Exam Date 2026
4th October 2026
Personality Test and Interview
November/December 2026
Provisional Allotment
January 2027

​​IBPS PO 2026 Vacancy Details

The IBPS PO vacancies will be released based on the recruitment needs of the 11 participating Public Sector Banks. Candidates can choose their preferred banks while applying, but the final allotment depends on merit and vacancy availability.

Last 4 Years Vacancy Trends

Year
Vacancies (Initial)
2026
5500+ (Expected)
2025
5,208
2024
4,455
2023
3,049
2022
6,432

List of All IBPS PO Participating Banks

  1. Bank of Baroda
  2. Bank of India
  3. Bank of Maharashtra
  4. Canara Bank
  5. Central Bank of India
  6. Indian Bank
  7. Indian Overseas Bank
  8. Punjab National Bank
  9. Punjab & Sind Bank
  10. UCO Bank
  11. Union Bank of India

IBPS PO Salary Structure

​IBPS PO Salary is one of the most attractive things among candidates who prepare for the probationary officer. With high perks and bonuses, a candidate gets lured to the given post. Hence, the pay scale, structure of salary, in-hand salary, perks, and profile of the job are pieces of information.

Constituents
Amount (₹)
Pay Scale
Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920
Basic Pay
48,480.00
Dearness Allowance (19.83%)
10,277.76
Special Allowance
12847.20
Other DA
850
Learning Allowance
180
House Rent Allowance
4848.00
CCA/LOC A
23,00.00
Contribution Pension Employer
8226.00
Gross Salary
90732.77
Deductions
14302.00
Net Salary
76430.77

Career Growth

Probationary Officer (PO)

Manager

Senior Manager

Assistant General Manager

Deputy General Manager

General Manager (TEGS-VII)


Short Notification PDFClick Here
Notification PDF Click Here
Apply Online Click Here
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State Bank of India(SBI) PO Recruitment 2026, 1500 Vacancies Released


State Bank of India (SBI) has released the official notification for the Probationary Officer (PO) Recruitment 2026 on its website.

Important Dates

  • Online Application Start Date: 18 June 2026
  • Online Application Last Date: 08 July 2026
  • Last Date for Fee Payment: 08 July 2026
  • Preliminary Examination Date: August 2026
ActivityTentative Dates
Online Registration including Editing / Modification of Application by Candidates18.06.2026 to 08.07.2026
Payment of Application Fee18.06.2026 to 08.07.2026
Download of Preliminary Examination Call Letters2nd / 3rd Week of July 2026 onwards
Phase-I: Online Preliminary ExaminationAugust 2026
Declaration of Result of Preliminary ExaminationAugust / September 2026
Download of Main Examination Call LetterAugust / September 2026
Phase-II: Online Main ExaminationSeptember 2026
Declaration of Result of Main ExaminationSeptember / October 2026
Download of Call Letter for Phase-III (Psychometric Test, Interview & Group Exercises)October / November 2026
Phase-III: Psychometric TestOctober / November 2026
Phase-III: Interview & Group ExercisesOctober / November 2026
Declaration of Final ResultNovember / December 2026

Age Limit

  • Minimum Age: 21 Years
  • Maximum Age: 30 Years
  • Age Limit as on: 01 April 2026
  • Age relaxation will be applicable as per State Bank of India recruitment rules.

Educational Qualification

Post NameQualification
Probationary Officer (PO)Candidates must possess a Bachelor’s Degree in any discipline from a recognized university in India or be appearing in the final year of their graduation.

Vacancy Details

There are a total of 1500 vacancies for this recruitment.

 Pay Scale Details

  • Selected candidates will be appointed in Junior Management Grade Scale-I (JMGS-I). The starting basic pay is ₹48,480/- with four advance increments in the pay scale of ₹48,480–₹62,480–₹67,160–₹85,920.
  • In addition to the basic pay, officers will be entitled to Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), Provident Fund (PF), National Pension System (NPS), Leave Fare Concession (LFC), medical facilities, lease rental benefits, and other allowances and perquisites as per SBI rules.
  • The approximate annual Cost to Company (CTC) at the initial scale of pay in Mumbai is around ₹21.97 lakh.
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Why More than 10,000 IOBOA bankers have joined NOBO-BMS


Over 10,000 officers from the AIBOC-affiliated Indian Overseas Bank Officers' Association (IOBOA) joined NOBO, which is connected to the Bharatiya Mazdoor Sangh (BMS). NOBO-BMS formally described the connection as a significant contribution to its expanding network, while IOBOA explained the rationale for its choice.


With the Indian Overseas Bank Officers' Association (IOBOA) choosing to switch from AIBOC to NOBO-BMS, there has been a significant realignment in the banking trade union scene. The IOBOA asserts that over 10,000 officers are members.


There were two different messages in conjunction with the development. IOBOA cited organizational factors and recent experiences in pursuing officers' grievances as justifications for its decision to depart AIBOC. In the other, NOBO-BMS officially welcomed IOBOA and said that the affiliation was a significant contribution to its expanding network of organizations in the banking industry. The action coincides with continuing conversations in the banking industry about employee welfare, pension concerns, growing workloads, staffing shortages, transfers, and compliance demands.


IOBOA informed its members that the decision was based on a more comprehensive evaluation of the efficacy of its current affiliational arrangement rather than a single occurrence.


 The group cited incidents involving its labor conflicts and agitation programs from earlier this year, when it used its current organizational structure to seek assistance and involvement. IOBOA stated that many members believed the amount of organizational response, coordination, and visible action available throughout crucial periods of the campaign did not completely fulfill expectations, despite acknowledging the solidarity received from many unions and individuals.


The association claims that these experiences led its Executive Committee to conduct an unbiased assessment of its future organizational requirements. The committee came to the conclusion that when collective action was needed, IOBOA needed more institutional support, broader representational space, improved organizational responsiveness, and more efficient follow-up on officer-related matters.


The association also clarified that the proposed transition was not intended to diminish its independent identity. It assured members that its constitution, democratic structure, assets and organisational character would remain unchanged, with the affiliation shift aimed solely at strengthening representation and support mechanisms.


Why IOBOA Chose NOBO-BMS

Explaining the rationale behind its decision, IOBOA said NOBO offered a more responsive and participative organisational framework capable of addressing both present and future challenges faced by officers.


The association noted that NOBO remains a constituent organisation of the United Forum of Bank Unions (UFBU), ensuring continued participation in industry-level negotiations, wage revision discussions and service-condition matters affecting bank employees.


IOBOA further highlighted the wider organisational reach available through the Bharatiya Mazdoor Sangh network, stating that the broader framework could provide stronger institutional support, improved coordination and greater representational effectiveness for officers.


The association expressed confidence that the new affiliation would result in stronger organisational support, better responsiveness on officer-related issues, enhanced visibility of concerns raised by members and improved preparedness for future challenges.


NOBO-BMS Extends Warm Welcome

In a separate letter dated June 6, 2026, NOBO-BMS formally welcomed IOBOA into its fold, describing the affiliation as a significant milestone in the shared mission of protecting the rights and interests of bank officers.


The organisation said IOBOA's entry strengthened its efforts to build a wider platform for officer representation and reaffirmed its commitment to supporting officers across the banking industry. NOBO-BMS emphasised its philosophy of collective action, organisational solidarity and national-level representation.


The federation also highlighted its role within the broader BMS structure, its participation in labour forums and its involvement in discussions relating to banking-sector issues, wage settlements and policy matters affecting employees.


Referring to recent interactions with government authorities and labour institutions, NOBO-BMS said it remains committed to pursuing issues concerning bank officers and retirees while working towards improved workplace conditions, work-life balance and employee welfare.


With IOBOA formally deciding to end its affiliation with AIBOC and align with NOBO-BMS, the association has described the move as part of a broader organisational realignment aimed at strengthening representation and support for its members. Meanwhile, NOBO-BMS has welcomed IOBOA into its fold, marking the beginning of a new chapter in the association’s organisational journey within the banking officers’ movement.

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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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