Indian Overseas Bank(IOB) Local Bank Officer (LBO) Recruitment 2025 Notification Released, Apply Online

Indian Overseas Bank (IOB) has issued the official notification for the recruitment of Local Bank Officer (LBO) posts. The IOB LBO Recruitment 2025 notification was released on 9 May 2025, and the online application process will be open from 12 May 2025 to 31 May 2025. A total of 400 vacancies are available under this recruitment drive.

Indian Overseas Bank LBO Recruitment 2025 Overview

Organization	Indian Overseas Bank (IOB)
Post Name	Local Bank Officer (LBO)
Total Vacancies	400
Application Mode	Online
Job Location	All India
Official Website	www.iob.in

Indian Overseas Bank LBO Recruitment 2025 Important Dates

• Notification Date : 09 May 2025
• Apply Online Start Date : 12 May 2025
• Last Date to Apply : 31 May 2025
• Pay Exam Fee Last Date : 31 May 2025
• Exam Date : To be released

Indian Overseas Bank LBO Recruitment 2025 Application Fee

• Gen/OBC/EWS : Rs 850/-
• SC/ST/Other : Rs 175/-
• Mode of Payment : Online

Indian Overseas Bank LBO Recruitment 2025 Age Limit

• Minimum Age : 20 Years
• Maximum Age : 30 Years
• Age Limit as on : 01/05/2025
• The age relaxation will be given as per the rules.

Indian Overseas Bank LBO Recruitment 2025 Selection Process

The Indian Overseas Bank LBO Recruitment 2025 selection process includes the following stages:

• Written Exam
• Local Language Test
• Interview Test
• Medical Examination

Indian Overseas Bank LBO Recruitment 2025 Exam Pattern

• Negative Marking : 1/4th

Post Name	Qualification
Local Bank Officer (LBO)	Graduation + Knowledge of Local Language

Subject	Question	Marks	Time
Reasoning & Computer	30	60	60 minutes
General/ Economy/ Banking Awareness	40	40	30 minutes
Data Analysis and Interpretation	30	60	60 minutes
English	40	40	30 minutes
Total	140	200	3 Hours

Indian Overseas Bank LBO Recruitment 2025 Notification PDF & Apply Online Form Link

Notification PDF

Apply Online (From 12.5.2025)

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Axis Bank Manager Arrested in Bank of India(BoI) Loan Takeover Case for Rs 2.20 Crore Fraud

Rahul Patel, the branch manager of Axis Bank's Vesu branch, has been charged with fraud by the Athwalines police for allegedly defrauding Bank of India of Rs 2.20 crore by failing to turn over mortgage paperwork during a loan transfer. 

Police say the branch manager of Bank of India's Ghoddod Road branch made the allegation. The issue concerns Siddhi Dasani, who owned Shri Anand Impex in Kadodara and had a Rs 2.20 crore cash credit account with Axis Bank. 

Siddhi approached the Chauta Pul branch of Bank of India to assume the current loan because of the exorbitant interest rates.

A portion of the Rs 7.45 crore fresh loan that the Bank of India approved once all formalities were finished was used to pay off the outstanding balances at Axis Bank.  

Rahul Patel allegedly neglected to shut the previous loan account and provide Bank of India with the original mortgage property paperwork, which are necessary for these loan takeovers, even after receiving the money.

Unexpectedly, Siddhi and her husband, Uttam Dasani, allegedly took money out of the Axis Bank account even after the settlement was reached and then stopped making payments to the Bank of India.  The Axis Bank manager's inaction contributed to this chain of events, which caused Bank of India to suffer a financial loss and call the police.

For willful misconduct and fraud, authorities have filed a First Information Report (FIR) against Rahul Patel. They claim that Patel purposefully concealed important documents, allowing the Dasanis to abuse the system.

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Due to an emergency, the government of Rajasthan requests that the RBI open all banks in border areas on holidays

 

The Rajasthani government has requested that all banks operating in seven important districts close to the international border stay open on public holidays this week due to an emergency situation. The goal of the directive is to guarantee that residents of these delicate locations will always have access to banking services. 

The Additional Chief Secretary of the Finance Department, Akhil Arora, wrote to the Reserve Bank of India (RBI) requesting that, despite the fact that May 10 and May 11, 2025, are public holidays, all bank branches in Jaisalmer, Barmer, Bikaner, Shri Ganganagar, Phalodi, Hanumangarh, and Jodhpur continue to operate.

The decision was made due to an “emergent situation” at the International Border of India, which requires constant access to essential banking services, especially in border districts. These services include transactions, withdrawals, fund transfers, and access to financial aid or emergency funds.

The letter emphasizes that it is important for banks to function normally during these days so that people living in these regions do not face inconvenience. This is especially important for those dependent on regular banking services for their daily needs and for any emergency-related financial transactions.

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Bank of India(BoI) Q4 Net profit jumps 82% YoY

 

Bank of India(BoI) on Friday, May 9, reported its March quarter earnings, in which net profit rose 82.5% year-on-year to ₹2,626 crore, compared to ₹1,439 crore in the same quarter a year ago.

The bank's Net Interest Income (NII) or core income rose 2.1% to ₹6,063 crore as against ₹5,936 crore in the year-ago quarter.

The company's asset quality also improved, with Gross Non-Performing Assets (NPA) declining to 3.27% from 3.69%, and Net NPA reducing to 0.82% from 0.85% last year.

Bank of India recommended a dividend of ₹4.05 (40.50%) per equity share of ₹10 face value for the financial year 2024-25, subject to approval of shareholders at the ensuing Annual General Meeting of the Bank.

Record date for the said dividend has been fixed as June 20, 2025. Hence, shareholders having shares as on the cut-off date i.e. June 20 will be eligible for the dividend payment.

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IDBI Bank Recruitment 2025 : Jobs for 676 Junior Assistant Manager Posts

IDBI Bank Limited has officially released a recruitment notification for 676 Junior Assistant Manager (JAM) Grade ‘O’ posts across its branches in India. Interested and eligible candidates can apply online from May 8, 2025. The recruitment drive offers a great opportunity for young graduates seeking a career in the banking sector.

Eligibility Criteria for IDBI JAM Recruitment 2025

Educational Qualification

Candidates must have completed a graduate degree with at least 60% marks from a recognized university. For candidates belonging to SC, ST, and PwBD categories, a minimum of 55% marks is acceptable. Additionally, basic computer knowledge is required for all applicants.

Age Limit

Applicants must be between 20 and 25 years as of May 1, 2025. Candidates should be born between May 2, 2000, and May 1, 2005 (both dates inclusive). Age relaxation is applicable for reserved categories as per government norms.

Application Process and Fee Details

Eligible candidates can submit their applications online through the official IDBI Bank website until May 20, 2025. The application fee is as follows:

• General/OBC/EWS: Rs.1050
• SC/ST/PwBD: Rs.250

Selection Process for Junior Assistant Manager Posts

The selection process includes the following stages:

• Online Written Examination
• Interview
• Medical Test

Final selection will be based on performance in the above stages.

IDBI JAM 2025 Exam Pattern

The online written exam will consist of 200 multiple-choice questions carrying a total of 200 marks and will be conducted for a duration of 120 minutes. The exam pattern is as follows:

Note: There will be a negative marking of 0.25 marks for every incorrect answer.

Section	No. of Questions	Marks
Reasoning	60	60
English Language	40	40
Quantitative Aptitude	40	40
General Awareness	60	60
Total	200	200

Download PDF of Notification

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Union Bank Of India Q4 Results: Profit Beats Estimates, Asset Quality Improves

 

Union Bank of India reported a rise in its standalone net profit in the fourth quarter of financial year 2024-25, beating estimates.

The bottomline of the public sector bank jumped 50.6% to Rs 4,985 crore in the January-March period, compared to Rs 3,310 crore in the year-ago period, according to a stock exchange filing on Thursday. The analysts' consensus estimates compiled by Bloomberg projected Rs 4,320.6 crore.

Net interest income rose 1% to Rs 9,514 crore versus Rs 9,437 crore last year. The Bloomberg estimate was Rs 9,373 crore.

Union Bank of India demonstrated an improvement in asset quality on a sequential basis, with gross non-performing assets ratio decreasing to 3.6% from 3.85% quarter-on-quarter, and net NPA ratio also declining to 0.63% from 0.82%.

The bank's operating profitability showed strong growth, increasing by 17.9% to Rs 7,700 crore compared to Rs 6,533 crore.

Provisions saw an increase of 22.6% year-on-year, rising to Rs 1,544 crore from Rs 1,260 crore. However, on a sequential basis, provisions saw a slight decrease of 3.4%, down to Rs 1,544 crore from Rs 1,599 crore.

The board has recommended a dividend of Rs 4.75 per equity share for fiscal 2025, subject to obtaining the necessary statutory approvals and the approval of the shareholders at the ensuing annual general meeting.

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Canara Bank Q4 results: Net profit jumps 33%

On Thursday, May 8, Canara Bank revealed its January–March results, showing a 33% increase in net profit year over year to ₹5,002.7 crore. In the same quarter last year, it was ₹3,757 crore.

In comparison to ₹9,580 crore in the same quarter last year, the PSU-lender's net interest income (NII), which is the difference between interest received and interest spent, increased 1.4% year over year to ₹9,442 crore in the March quarter. 

The operating profit and NII of Canara Bank exceeded projections. In the quarter, the bank's gross nonperforming assets (GNPA) ratio decreased from 3.34% in December 2024 to 2.94%. From 0.89% in the previous quarter, the net non-performing asset ratio improved to 0.70%.

Compared to 91.26% in Q3FY25, the provision coverage ratio (PCR) was 92.70% in Q4. In contrast to the ₹2,464 crore in the previous December quarter, the bank's slippages totaled ₹2,702 crore. Additionally, the amount exceeded projections of ₹2,650 crore. For FY26, Canara Bank anticipates advance growth of 10–11%. 

 The lender wants to see a 9–10% increase in deposits together with a significant improvement in asset quality. For the fiscal year 2024–2025, the board has suggested paying a 200% dividend, or ₹4 per share, on the bank's equity shares, which have a face value of ₹2. The aforementioned dividend's record date is June 13, 2025.

Record date for the said dividend has been set as June 13, 2025.The dividend, if approved by the shareholders of the bank, will be paid after the AGM on June 13.

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Punjab National Bank(PNB) Q4 Net profit surges 52% YoY

With a net profit that increased 52% year over year (YoY) to Rs 4,567 crore from Rs 3,010 crore in Q4FY24, state-owned Punjab National Bank (PNB) announced a solid March quarter. Better asset quality and more interest revenue helped to sustain this strong growth. 

 Healthy rise in net interest income (NII) and non-interest income drove the 13.4% YoY increase in total income for Q4FY25, which came to Rs 36,705 crore. A consistent increase in lending activity was reflected in Net Interest Income (NII), which increased 4% YoY to Rs 10,757 crore. Additionally, non-interest income increased by 11% to Rs 4,716 crore.

On the operational front, PNB’s operating profit for Q4FY25 was Rs 6,776 crore, up 6% YoY, as the bank kept a check on operating expenses, which rose by only 6.1% YoY to Rs 8,697 crore.

PNB’s asset quality saw a marked improvement, with the gross non-performing assets (GNPA) ratio declining to 3.95% as of March 2025, compared to 5.73% a year ago. Net NPA (NNPA) also fell to 0.4% from 0.73%.

The bank’s provision coverage ratio (PCR), including technical write-offs, improved to 96.82%, up from 95.39% in the previous year.

For the full year FY25, PNB posted a net profit of Rs 16,630 crore, up 102% YoY. Total deposits grew 14.38% YoY to Rs 15.67 lakh crore, while global advances rose 13.56% to Rs 11.17 lakh crore.

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DFS Secretary conducts surprise visits to PSU Bank Branch to check Services

 According to sources, M Nagaraju, the secretary of the Department of Financial Services (DFS), visited several Public Sector Bank offices in New Delhi to assess customer service. Last week, he went to many locations to see how well staff members were assisting clients. 

However, he is reportedly dissatisfied with the banks' customer service and was somewhat disappointed during his visit. He had to wait almost an hour to meet the branch manager at one large bank, who was on the phone and didn't recognize him. The staff's demeanor and attitude in other branches were equally lacking.

These surprise inspections were conducted to assess how financial inclusion programs were being carried out and to compare PSB customer service to private bank customer care. DFS officials discovered that PSB employees frequently dealt with clients less politely and pro-actively. 

 The secretary has since given banks advice on how to behave better and treat their customers with more decency and assistance. Public sector banks have numerous challenges, including staff shortages, poor IT infrastructure, and employee transfers. Private banks and PSU banks operate completely differently. PSU banks prioritize the welfare of the public, while private banks are solely focused on making ever-increasing profits.

The number of customers visiting PSU Banks is much more than the number of customers visiting Private Banks. There are a lot of branches of PSU Banks where almost 200-300 customers visit per day and it’s practically impossible to provide good customer service without adequate staff. Thus, the PSU banks should not be compared with Private Banks.

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Bank of Baroda(BoB) Q4 PAT rises 3% YoY

On Tuesday, Bank of Baroda (BoB) said that its standalone net profit for Q4FY25 increased 3.3% year over year (YoY) to Rs 5,048 crore from Rs 4,886 crore during the same period the previous year. For FY2024–2025, the state-run banking has declared a dividend of Rs 8.35 per equity share.

 June 6, 2025, has been set by the BoB as the record date for dividend payments. During the January–March quarter, BoB's interest income increased by 3.6% to Rs 30,642 crore from Rs 29,583.40 crore during the same period last year. 

In the quarter under review, the second-largest PSU bank by market capitalization spent Rs 19,622.39 crore on interest, a 10% increase from Rs 17,790.57 crore in Q4FY24.

The state-run lender reported a 6.6% decline in net interest income (NII) for the March quarter, at Rs 11,020 crore compared to Rs 11,793 crore in the same period last year.

The operating profit saw a marginal uptick of 0.3%, standing at Rs 8,132 crore in Q4FY25, compared to Rs 8,106 crore in the year-ago period.

Bank of Baroda reported a 66-bps decline in its gross non-performing assets (GNPA) to 2.26% in Q4FY25, down from 2.92% in the same quarter last year. Net NPA (NNPA) stood at 0.58% in Q4FY25, down 10 bps from 0.68% in Q4FY24.

Total deposits in the reported quarter stood at Rs 14,72,035 crore, registering a growth of 10.3% over Rs 13,35,136 crore in the corresponding quarter of the previous financial year. Of this, domestic deposits grew 9.3% to Rs 12,42,169 crore, while international deposits rose 16% to Rs 2,29,866 crore at the end of the March quarter.

Segment-wise, in the retail segment, home loans grew 17.3% YoY to Rs 1,31,123 crore, while auto loans rose 20.3% to Rs 46,549 crore.

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