Big Robbery - 59 kg Gold Looted from Bank in Karnataka

A large-scale heist has occurred at Karnataka's Canara Bank. Unknown criminals stole around 59 kilograms of gold jewelry worth ₹53.26 crore and ₹5.20 lakh in cash from the Canara Bank branch in Managuli, which is situated in the Basavana Bagewadi taluk of the Vijayapura district of Karnataka. It is thought that the crime occurred over the long weekend of May 23–25, while the bank was closed for the vacations. When staff member Sambaji D. Kamakar discovered the main shutter lock was smashed at 11:30 a.m. on May 25, the crime was discovered. He then notified Kalmesh Layappa Pujari, the bank-in-Charge, who hurried to the bank and discovered that the window grills and shutter lock had been violently removed, corroborating indications of a break-in.

The Regional Head was promptly informed of the situation and, along by representatives from the Regional Office, arrived by 1:00 p.m. After being notified, the local police arrived at the branch at 1:30 p.m. to start their investigation. When the police and bank officials inspected the strong room, they discovered that the inner grill gate was bent and cut, but the main door was undamaged. One of the steel almirahs that held the pledged gold decorations was empty inside. The bank reported that 1,373 gold packets totaling 59,348.94 grams in gross weight were missing. Nevertheless, about 372 grams of gold were discovered strewn across the floor, making 58,976.94 grams the total amount taken.

A total of ₹5,20,450 was also gone after another cash-containing almirah was inspected. The burglars also took out the CCTV NVR device and its hard drive, deleting all of the crime-related surveillance footage in order to hide their tracks. The heist is thought to have taken place somewhere between 7:00 p.m. on May 23 and 11:30 a.m. on May 25, which coincided with the fourth Saturday and Sunday holiday break. The branch had not been open since May 23. Officials verified that the bank's time to physically inspect and reconcile the remaining gold stock was the reason for the delay in filing the police complaint.

A case has been registered, and a full-scale investigation is now underway. Superintendent of Police Laxman Nimbargi stated that eight special teams have been formed to investigate the incident from all angles. Authorities are treating this as a highly sophisticated and planned heist, and efforts are ongoing to identify and apprehend the culprits.

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Bank Employee Warned for Ordering Pizza During Office Hours

Recently, a shocking explanation letter has been issued to a bank employee for ordering Pizza at office. The employee has been asked to reply why he ordered and ate pizza during office hours. The incident happened at Punjab Gramin Bank in Jalandhar Region.

The Letter said:

With reference to captioned subject, it has been observed that today i.e. 26-05-2025 you have ordered Pizza at 12:00 and started eating the same in office hours at your seat.

Not only it has been violation of lunch hours rules but also created indiscipline and not adhering to set rules and practice.

In view of above, you are advised to submit your reply within two days of receiving this letter, than why disciplinary action should not be initiated against you for violating rules as well as set practices of Bank.

What you think of this, do let us know in the comment section below.

Source - Hellobanker

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AIBEA announced Nationwide General Strike

AIBEA announced Nationwide General Strike on 9th July,2025 which is postponed from 20th May,2025.

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One more State implement Old Pension Scheme(OPS) for nearly 2,500 employees

Nearly 2,500 government workers will find great relief as the Punjab government formally announces the Old Pension Scheme's (OPS) implementation. Employees who entered the service after January 1, 2004, but whose job postings or appointment letters were posted prior to that date, would benefit from this long-awaited change. Even though their hiring process started before to 2004, these individuals had up to now been incorrectly classified under the New Pension Scheme (NPS).

The government issued the notification on May 23, 2025, following an order by the Punjab and Haryana High Court. This comes after a prolonged legal battle fought by affected employees seeking justice. Many of these employees have already completed over 20 years of service and belong to various government departments like:

• Punjab State Power Corporation Limited (PSPCL)
• Education Department
• Urban Local Bodies
• Other administrative departments

Who Will Benefit from the Old Pension Scheme?

As per the updated Punjab Civil Services Rules, Volume II, the OPS will now apply to:

• Employees who joined after January 1, 2004 but whose posts were advertised or appointment letters were issued before that date.
• Employees appointed on compassionate grounds after January 1, 2004, if their application was submitted and they met eligibility conditions before 2004.

OPS vs NPS: Employee Choice

Eligible employees will be allowed to choose between:

• Old Pension Scheme (OPS)
• New Defined Contributory Pension Scheme (NPS)

However, they must make a decision within 3 months from the date of the notification. If they don’t opt within this period, they will automatically remain under the NPS.

Reactions from Employee Groups

Jasvir Talwara, convenor of the Purani Pension Bahali Sangharsh Committee, called the move a “victory for justice.” He pointed out that these employees should never have been placed under the NPS, and the notification has corrected a long-standing error.

Talwara also urged the government to act quickly and open General Provident Fund (GPF) accounts for all 2,500 employees by May 28, 2025, as ordered by the High Court, so the implementation of OPS can begin without delays.

Concerns Over Remaining Employees

However, employee unions also raised concerns that around 2 lakh other employees who joined after January 1, 2004, are still not covered under OPS. Despite the AAP government’s promise in 2022 to restore OPS for all employees, a full rollback has not been implemented.

Talwara criticized recent efforts by AAP ministers to promote the Unified Pension Scheme introduced by the Centre, which unions strongly oppose.

Chief Minister Bhagwant Mann recently reiterated support for employees with pre-2004 appointments but has not addressed the demands of the larger group hired post-2004.

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CBI has filed a case against hotel directors in Rs. 75 crore fraud case of PSU bank

The Central Bureau of Investigation (CBI) has brought a case against two former directors of Maha Associated Hotels Pvt Ltd in a significant effort to combat bank fraud.  Both Yash Deep Sharma and Laxmi Narayan Sharma, who hail from Hyderabad's Gachibowli neighborhood, are charged with defrauding Punjab and Sindh Bank of Rs.75.44 crore.

 Avdhesh Narain Singh, the zonal manager of the bank, filed a complaint, which prompted the CBI's Bank Security and Fraud Branch (BSFB), located in Delhi, to file the FIR.  Charges under IPC Sections 120-B (criminal conspiracy) and 420 (cheating), together with pertinent provisions of the Prevention of Corruption Act, are included in the FIR.  The case also involves a few unidentified private citizens and state employees in addition to the two directors who have been named.

Actual Case

The bank's complaint claims that in 2013, Maha Associated Hotels Pvt Ltd borrowed Rs.75 crore from the Connaught Circus Branch of Punjab and Sindh Bank in New Delhi. In Neemrana, Rajasthan, the loan was intended to finance the building of a hotel, a plaza with food and entertainment, and a hospitality training academy.

However, the bank has claimed that the monies were misappropriated and not used for these initiatives. On December 31, 2016, the account was designated as a non-performing asset (NPA) due to inadequate financial management and loan non-repayment.

What Happened

Maha Associated Hotels Pvt Ltd is not listed as an accused party, despite the fact that the directors are named individually in the complaint.  Under the Insolvency and Bankruptcy Code (IBC), the Jaipur-based business underwent the insolvency process.  A resolution plan for Rs.11.5 crore plus charges for the Corporate Insolvency Resolution Process (CIRP) was authorized by the National Company Law Tribunal (NCLT) in Jaipur on August 13, 2024.  Regretfully, the bank had little to no security available to recoup the outstanding loan balance.

Recovery of Loan Amount

The bank had obtained a mortgage on Neemrana land and other fixed assets in order to secure the loan when it was initially granted.  However, the bank used the SARFAESI Act to take symbolic ownership of the property in 2017 after the borrowers were unable to repay.  The healing process is still ongoing in spite of this.  The bank requested more than 104 crore in a recovery claim submitted to the Debt Recovery Tribunal (DRT).  That lawsuit has not yet been resolved.

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Public Sector Banks Surpass Private Banks in Loan Disbursals

In India, government banks have recovered significantly. Public sector banks (PSBs) have provided more loans than private banks for the first time in fifteen years. This represents a significant shift in the nation's banking industry. In the personal loan market, where government banks are currently lending more quickly than private banks, the expansion has been particularly robust. This change demonstrates how actively and competitively government banks are responding to consumer demands. For the first time in more than ten years, public sector banks have surpassed private banks in terms of overall loan distribution, making this accomplishment a significant turning point. Customers' increasing faith in government banks and their better performance in recent years are reflected in it.

Reason behind this

According to the Reserve Bank of India (RBI) and other financial reports, one of the main reasons of increase in loan disbursals of government banks is that private banks like HDFC Bank and Axis Bank have slowed down their lending. In recent years, private banks usually led in giving loans, but now they are lending less compared to public sector banks.

The fact that government banks are more active in managing loan programs started by the federal and state governments could be another factor. These include programs that give small workers and merchants financial support, such as the PM Vishwakarma Yojana and the PM Svanidhi Yojana. Public sector banks have supplied the majority of the loans under these schemes, with private banks participating in very little of them. This may be a major factor in the fact that public banks are currently lending more money than private ones.

How Much Have Public Sector Banks Grown?

By December 2024, public sector banks recorded a strong 17% growth in personal loan disbursals, while private banks managed only 10% growth in the same category. This clearly shows that public banks are stepping up and winning borrower trust in the retail loan space. Public sector banks aren’t just leading in personal loans—they’re also ahead in industrial and service sector loans.

• Industrial loans: Public banks provided 60% of the total ₹37.9 lakh crore
• Service sector loans: They contributed 56% of ₹49.9 lakh crore
• Personal loans: Public sector banks disbursed 52% of ₹51.1 lakh crore

This wide lead proves that PSBs are playing a much larger role in supporting India’s economy across sectors.

Credit Growth vs Deposits

Interestingly, for the fourth year in a row, banks have given out more loans than the money they have received through deposits.This kind of trend is very rare and has happened only two times in the last 50 years. Most of the money banks received as deposits came from Fixed Deposits (FDs), which made up 86% of the total increase in deposits. As of December 2024, half of all the money kept in banks is now in the form of term deposits like FDs.

Home Loans

Government banks are also doing very well in giving home loans, especially in smaller cities (Tier-3) and rural areas. In the financial year 2024–25, public sector banks gave out 46.4% of all home loans, up from 45.1% the year before.Meanwhile, private banks saw a small drop in their share of home loans—from 54.9% to 53.6%. During this period, public banks gave out ₹2.1 lakh crore in new home loans, which makes up 56.1% of all home loans given that year.

Non-Resident Indians (NRIs)

Deposits by Non-Resident Indians (NRIs) grew well in the financial year 2024–25. Their total deposits increased by 10%, reaching ₹14.16 lakh crore by March 2025. About half of these deposits are in fixed deposits (FDs), which shows that NRIs still have strong trust in India’s public banks for saving their money for the long term.

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RBI imposed penalty of Rs.63.60 lakh on PSU Bank

Union Bank of India was hit with a ₹63.60 lakh fine by the Reserve Bank of India (RBI) for not meeting certain regulatory standards. The May 23, 2025, penalty order lists non-compliance with RBI's rules on collateral-free agricultural loans as well as violations of Section 26A of the Banking Regulation Act, 1949. 

The decision comes after the RBI examined Union Bank's financial situation as of March 31 in 2023 and 2024 as part of its regular inspections under the Statutory Inspections for Supervisory Evaluation (ISE) program. 

Two significant infractions were found during the inspections: 

Delay in Transfer of Depositor Education and Awareness Fund: 

The bank did not make the required timely transfer of eligible unclaimed funds to the Depositor Education and Awareness (DEA) Fund.

Based on these findings, the RBI issued a show-cause notice to the bank, asking it to explain why a penalty should not be imposed. After reviewing the bank’s written response and oral submissions during a hearing, the RBI concluded that the violations were valid and warranted financial penalties.

The RBI emphasized that the penalty is strictly related to regulatory compliance shortcomings and does not question the legality or validity of the bank’s agreements with its customers. It also noted that this action is without prejudice to any further actions that may be taken in the future.

This enforcement reflects RBI’s ongoing commitment to ensuring banks adhere strictly to rules, particularly those aimed at protecting depositors and supporting priority sectors like agriculture.

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Fraud found in PSB & Private Banks as per AIBEA data

 EFFICIENCY PARAMETER OF BANKS BASED ON NO. OF FRAUDS REPORTED

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Attack on the Bank of India(BOI) Loan Recovery Team

A Bank of India team was violently attacked in Farrukhabad during what should have been a routine debt recovery exercise, underscoring the increasing difficulties that bank officers occasionally experience in the course of their work. In a matter of minutes, the normally tranquil environment around the Sai Dham Temple at Panchal Ghat descended into chaos.

Under the direction of the branch manager, the bank's debt recovery team had gone to collect a pending loan balance of about ₹4 lakh from a local borrower. Avnish, a PRD jawan and inhabitant of Rakabganj Khurd in the Maudarwaja area, accompanied the squad. During the visit, he was responsible for maintaining order and ensuring security. But things didn't work out as expected. People who were thought to be the borrowers who had refused to pay the debts confronted the crew as they got closer to the scene. A startling change in circumstances ensued. Avnish was allegedly grabbed by the accused and beaten. The bank manager and other team members had to leave the area in their car since the situation rapidly got out of hand.

Avnish was later taken to the hospital for medical examination. The police station under whose jurisdiction the incident falls—Qadri Gate police station—has registered the case and launched an investigation. Preliminary statements from Avnish suggest that the accused deliberately attacked the team to avoid repaying the loan.

This incident raises serious concerns about the safety of bank officials and staff engaged in fieldwork, especially in loan recovery. Bank personnel are increasingly facing resistance, and sometimes violence, while performing their duties. Though they operate within legal frameworks, such situations pose not only a professional hazard but a personal one too.

The case also sheds light on the need for better support mechanisms and legal protection for recovery agents and officers. It emphasizes the importance of ensuring the safety of those working on the frontlines of the financial system.

Authorities have assured that strict action will be taken against the accused. In the meantime, this incident should serve as a wake-up call for financial institutions to review their recovery strategies and for law enforcement to provide necessary backup when required.

Loan default is a serious issue—but violence is never the answer. Respecting the rule of law and engaging in peaceful resolutions must always be the priority, both for banks and for borrowers.

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Private Banks posts Net loss of ₹2,328 crore in Q4

For the January–March period, Mumbai-based private lender IndusInd Bank Ltd. reported a net loss of ₹2,328 crore due to stress in the microfinance portfolio and previously documented accounting irregularities that negatively impacted the balance sheet. According to a CNBC-TV18 poll, the net loss was ₹514 crore. The findings were released on Wednesday, May 21, after market hours. 

For the first time in two decades, IndusInd Bank has disclosed a quarterly financial loss. IndusInd Bank last declared a loss during the fourth quarter of the 2006 fiscal year, when Bhaskar Ghose was the bank's chief executive officer. The lender has only ever reported a loss once in its trading existence, and that was in March 2001.

IndusInd's Net Interest Income (NII) or core income declined by 43.4% from the same quarter last year to ₹3,048 crore, which is lower with the CNBC-TV18 poll of ₹4,762.4 crore.

Asset quality for the lender deteriorated on a sequential basis, with Gross NPA at 3.13% from 2.25% in the December quarter, while net NPA for the quarter stood at 0.95% from 0.68% in the previous quarter.

In a separate filing, IndusInd Bank stated that the Internal Audit Department submitted a report on May 20, where an amount of ₹172.58 crore was incorrectly recorded as fee income in the Microfinance business over three quarters ending December 31, 2024 and was reversed in the fourth quarter.

IndusInd Bank's advances grew by 1.3% during the January-March period on a year-on-year basis, which was the weakest growth in 17 quarters. On the sequential basis, loan growth declined by 5.2%, which was the biggest decline in 37 quarters or more.

Deposits grew by 6.8% during the March quarter, in comparison to the year-ago period to ₹4.11 lakh crore. This was the weakest deposit growth reported by the lender in the last 19 quarters.

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