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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All Banks Official Missed call balance inquiry number

Public Sector Banks

Bank	Balance Inquiry Number
Allahabad Bank	09224150150 (Missed Call Number)
Andhra Bank	09223011300 (Missed Call Number)
Bank of Baroda	09223011311 or 08468001111 (Missed Call Number)
Bank of India	09015135135 or 09266 135135 (Missed Call Number)
Bank of Maharashtra	After getting TPin from Branch Call on 1802334526 (toll free) Write SMS BalAVL<SPACE>AccountNo<Space>YourMpin and Send it to 997549499
Bhartiya Mahila Bank	09212438888 (Missed Call Number)
Canara Bank	09015483483 (Missed Call Number) 09015734734 (For English) and 09015613613 (For Hindi) (Mini statement)
Central Bank of India	09222250000 (Missed Call Number)
Corporation Bank	Hindi, 09289792898 or 919289792897        English, 09268892688 or 919268892688 (only 3 times a day) (Both are Missed Call Number)
Dena Bank	09289356677 or 09278656677  (Missed Call Number)
IDBI Bank	09212993399 or 18008431122  (Missed Call Number) 18008431133  (Mini statement)
Indian Bank	09289592895 (Missed Call Number) Write a message BALAVL AccNo mPin and sent it to 944439443 (charge may apply)
Indian Overseas Bank	04442220004 (Missed Call Number) Write Message ACT acc.no send to +919551099007(Balance Inquiry)
Oriental Bank of Commerce	Write message ACBAL AccountNumberand send to 9915622622 (Balance Inquiry) Write message STMA AccountNumber and send to 09915622622  (Mini statement)
Punjab & Sind Bank	1800221908 or 02227811200 (Missed Call Number)
Punjab National Bank	18001802222  or 01202490000  (Missed Call Number)
State Bank of India	09223766666 or 092238666666  (Missed Call Number) 1800112211 or 18004253800 (SBI toll free number)
Syndicate Bank	09664552255 or 08067006979  (Missed Call Number)
UCO Bank	09278792787 (Missed Call Number)
Union Bank of India	09223008586 (Missed Call Number) Write message UBAL and send it to 09223008486 (Bal. Inq.) Write message UMNS and send to 09223008486 (Mini statement)
United Bank of India	Write message BAL YourMpin and send it to 9223173933 Write message MINI YourMpin and send it to 9223173933 (Mini statement)
Vijaya Bank	18002665555 (Toll free number)

Private Sector Banks

Axis Bank	18004195959 or 18004195858 (Toll free number) 18004196868 (Mini statement) 09225892258 (Missed Call Number)
Bandhan Bank	09223008666 (Missed Call Number) 09223008777- Mini Statement
Catholic Syrian Bank	09895923000 (Missed Call Number)
City Bank	Write BAL<space>last four digits of debit/credit card number and send it to 9880752484 or 52484 (sms charge apply)
DCB Bank	7506660011 (Missed Call Number) Write message BAL and send it to 9821878789
Dhanlaxmi Bank	08067747700 (Missed Call Number)
Federal Bank	08431900900 (Missed Call Number) Write message as- ACTBAL ACCOUNT_NUMBER and send to 9895088888
HDFC Bank	18002703333 (Toll free number)
ICICI Bank	02230256767 (Missed Call Number)
IDFC Bank	18002700720 (Toll free number)
IndusInd Bank	Write message BAL and send it to 9212299955 Write message MINI and send it to 9212299955
Karnataka Bank	18004251445 (Toll free number) 18004251446 - Mini statement
Kotak Mahindra Bank	18002740110 (Toll free number)
Karur Vysya Bank	09266292666 (Missed Call Number) 09266292665 - Mini statement
Lakshmi Vilas Bank	LVB<space>BAL<space><customerNumber> and send to 09282441155
RBL Bank	18004190610 (Toll free number)
South Indian Bank	09223008488 (Missed Call Number)
Tamilnad Mercantile Bank	09211937373 (Missed Call Number)
Yes Bank	09840909000 or 09223920000 or 09223921111 (Missed Call Number)

**If any changes required then comment here

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