Bank of India(BOI) Credit Officer Notification 2026 Out

Bank of India (BOI) has announced a total of 779 vacancies for Credit Officers across various scales in the General Banking Officer (GBO). The official notification has been released on the official website https://bankofindia.co.in/, which includes complete details for the recruitment. The registration portal will open from 30th June 2026 onwards. 

Bank of India Credit Officer Notification 2026 PDF Out

Experienced credit professionals interested in the Bank of India Credit Officer Recruitment can refer to the official notification released on 29th June 2026. The detailed notification PDF with eligibility criteria has been released on the official website https://bankofindia.co.in/, inviting eligible graduate candidates to apply for 779 Credit Officer posts.

Bank of India Credit Officer Recruitment 2026- Overview

Bank of India (BOI) invited online applications from interested and eligible candidates to fill 514 Credit Officer vacancies. The selection process for Credit Officers in the GBO stream for SMGS-IV, MMGS-III and MMGS-II includes the online examination and interview.

BOI Credit Officer Recruitment 2026- Highlights
Bank Name	Bank of India (BOI)
Posts	Credit Officer
Vacancies	779
Project No.	2026-27/01
Mode of Application	Online
Registration Starts	30th June to 20th July 2026
Selection Process	Online Exam & Interview (depending on the number of applicants/eligible candidates)
Salary Range	Rs. 64820 to Rs. 102300
Official website	https://bankofindia.bank.in/

Bank of India Credit Officer Recruitment 2026 Important Dates

The schedule for online registration and fee payment is notified through the Bank of India Credit Officer Notification 2026. The Bank of India Credit Officer Registration window will open on 30th June 2026, and the application link will remain active till 20th July 2026. Check important dates from the table below.

Events	Dates
Notification Date	29th June 2026
Apply Online Starts	30th June 2026
Last Date to Apply	20th July 2026
Fee Payment	20th July 2026
Last Date of printing the application	—

BOI Credit Officer Recruitment 2026 Eligibility

The detailed post-wise educational qualification and experience criteria have been released along with the detailed Bank of India Credit Officer notification PDF.

Education Qualification

For Credit Officer MMGS-II & III (GBO): Graduation in any discipline with 60% marks (55% for SC/ST/OBC/PwBD) from a recognised University/Institute or equivalent. CA/CFA/CMA-ICWA or MBA/PGDBM/2-year PG in Banking/Finance/any credit-related field is also acceptable.​

For Credit Officer SMGS-IV (GBO): Graduation in any discipline with 60% marks (55% for SC/ST/OBC/PwBD) and MBA/PGDBM / 2-year full-time Master’s degree in any field or CA/CFA/CMA-ICWA from a recognised institute.

Age Limit (as on 01/06/2026)

 

• Credit Officer MMGS-II –  25 to 32 years
• Credit Officer MMGS-III – 28 to 38 years
• Credit Officer SMGS-IV – 32 to 45 years

Bank of India Credit Officer Salary 2026

Selected candidates will be placed in the following basic pay scales with applicable allowances and perquisites.

Scale	Pay Scale
MMGS-II	Rs. 64,820 – 2,340 – 67,160 – 2,680 – 93,960
MMGS-III	Rs. 85,920 – 2,680 – 99,320 – 2,980 – 1,05,280
SMGS-IV	Rs. 1,02,300 – 2,980 – 1,14,220 – 3,360 – 1,20,940

Click on following Links for more Details: 

Notification

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Big Update for Bank Employees: UFBU to Discuss 5-Day Banking and PLI in Upcoming Meeting

The United Forum of Bank Unions (UFBU) will shortly convene to examine a number of significant issues impacting bank officers and staff, the All India Bank Officers’ Confederation (AIBOC) has told its affiliates. These include the Performance Linked Incentive (PLI) program, pension-related concerns, the need for a five-day banking week, and the impending pay settlement negotiations. 

According to UFBU, it has been persistently pursuing its main goals, which include a negotiated PLI system and the implementation of a five-day banking week. Following the unions' notification of a strike, these matters are presently being resolved through conciliation before the Chief Labour Commissioner under the Ministry of Labour.

According to the unions, the government did not react to the call for a five-day banking week and continued to be pessimistic. Consequently, on January 27, 2026, bank workers observed a statewide protest strike. Nevertheless, talks with the government and the Indian Banks' Association (IBA) did not result in any advancement even after the strike. 

According to UFBU, the Department of Financial Services (DFS) subsequently ordered banks to pay PLI for 2024–2025 to all officials and workers up to Scale III. Additionally, it directed banks to use a government-determined unilateral formula to pay PLI to Scale IV officers and higher.

The unions objected to this ruling, claiming that it went against the Joint Note and Bipartite Settlement (BPS). In the event that the updated PLI plan for Scale IV and higher officers was put into effect, UFBU declared an agitation and threatened to go on strike within a day.

The High Court is now involved in the PLI controversy. According to UFBU, the court has heard its arguments in a proper manner. The case's next hearing is set on October 6, 2026.

Additionally, the unions stated that there is currently no sign that the government or banks will put the updated PLI system into effect right now. UFBU stated during talks with the IBA that it would be open to discussing the PLI system in more detail and making any necessary adjustments.

In accordance with the current formula under the Bipartite Settlement and Joint Note, UFBU has chosen to request that the DFS and the IBA implement PLI for Scale IV officers and above for the years 2024–2025 and 2025–2026. Senior officers shouldn't be denied PLI that has already been paid to other officers and employees, according to the unions. 

UFBU has decided to put its agitation programs on hold for the time being because neither the government nor the banks have taken any immediate action to implement the updated PLI scheme. It did, however, issue a warning that the unions would immediately go on strike if the updated PLI plan was attempted to be implemented. It has been requested that all union units and members pay attention.

Pension and Wage Settlement Issues Also on Agenda

UFBU said it is also pursuing several other long-pending issues, including:

• Pension updation
• Revision of Ex-gratia
• Uniform Dearness Allowance (DA) formula on pension

The unions added that the DFS has advised all banks and the IBA to begin the process for the early completion of the 13th Bipartite Settlement (BPS) and the 10th Joint Note negotiations.

Government to Form High-Power Committee

The Government has also decided to set up a High-Power Committee to take forward its agenda on banking sector reforms. UFBU said all these developments will be discussed in its upcoming meeting, which will be convened shortly.

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Bank of India(BOI) Branch Hit by Explosion During Alleged Robbery Attempt

Bank of India(BOI) branch on Parasia Road in Chhindwara, Madhya Pradesh, was the scene of a significant heist attempt. After cutting the shutter, the accused entered the bank while it was closed and attempted to break into the lockers. But the cops arrived on the scene in time to put an end to the robbery. However, the events that followed were even more horrific and deadly.

Superintendent of Police Ajay Pandey claims that at approximately 11:30 a.m., the police were notified that the Bank of India branch's shutter had been broken. Police had to go through two shutters in order to reach the first-floor bank branch.

When police tried to enter the bank, the accused lit a rope bomb (string bomb) filled with fuel. Panic resulted from the bomb's explosion. The accused wanted to frighten the policemen and flee the bank, according to the police.

Sub-Inspector Narayan Baghel pursued the accused in spite of the explosion. The accused used a sharp instrument that resembled a dagger to assault him during the pursuit. SI Narayan Baghel sustained a finger injury. He caught the accused in spite of his injuries. Soon later, other police officers arrived at the scene, and the accused was arrested.

The forensic team discovered that the accused had set fire to the bank's file department during the investigation. Additionally, he attempted to break into a locker, but the police arrived before he could take any money or goods. Despite reaching the lockers and trunks, the accused was unable to unlock them.

According to police, the bank was not manned by a security guard at the time of the event. The accused entered the bank by taking advantage of the lack of security. However, because the police arrived in time, no money or valuables were taken.

Initially, police suspected that two people were involved in the robbery. However, CCTV footage showed that only one person had entered the bank. Police searched the entire bank premises but did not find any other suspect. The arrested accused is being questioned to find out whether he had any accomplices. Further action will be taken based on the investigation.

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London High Court rules in Favour of Bank of India(BOI), orders Nirav Modi to pay over Rs.100 crore

The London High Court has ruled against Fugitive diamond trader Nirav Modi. The London High Court has ruled in favour of Bank of India in a long-running loan recovery case. The court held Nirav Modi liable to pay more than $10.7 million, which is over Rs 100 crore at current exchange rates.

What is the case about?

The dispute is related to a loan given by Bank of India to Firestar Diamond FZE, a Dubai-based company linked to Nirav Modi. The bank argued that Modi had personally guaranteed the loan and was therefore responsible for repaying the outstanding amount.

In the UK courts, Modi contested the assertion. He personally challenged the case in front of the London court earlier this year.

Nonetheless, the High Court decided in Bank of India's favor, concluding that the bank's claim was legitimate and enforceable. The decision permits the bank to pursue with recovery through UK legal processes.

This decision adds to a series of legal setbacks for Nirav Modi in Britain.

In March 2026, the London High Court rejected his attempt to reopen proceedings related to his extradition to India. The decision supported earlier rulings that approved his extradition.

Modi has been in custody in the UK since his arrest in London in March 2019. British courts have rejected several of his bail applications over the years.

Nirav Modi PNB Fraud Case

The Nirav Modi–PNB fraud case is one of the biggest banking scams in India. The fraud came to light in 2018 when Punjab National Bank (PNB) found that businessman Nirav Modi and his companies had obtained loans from overseas banks using fake Letters of Undertaking (LoUs).

Some bank employees assisted in issuing these letters of intent without adhering to the correct protocols or entering the transactions into the bank's database. Banks lost almost ₹13,000 crore as a result. Numerous residences and assets connected to Nirav Modi and Mehul Choksi were seized once the scam was discovered, prompting investigations by the CBI and Enforcement Directorate.

Nirav Modi was arrested in the UK in 2019 after leaving India before the fraud was discovered. India is still working to extradite him and bring him back. Stricter regulations on foreign trade financing transactions were among the significant banking sector improvements brought about by the case.

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PSU Banks Beat Private Banks in RBI's sDQI Assessment: Full List & Analysis

The Reserve Bank of India(RBI) has released sDQI Scores for the March 2026 Quarter. Let’s have a look at the sDQI scores of public and private sector banks.

What is sDQI score?

The sDQI is a framework developed by RBI to assess the quality of data submitted by banks for supervisory purposes. The index evaluates four important parameters – Accuracy, Timeliness, Completeness, and Consistency. The objective is to ensure that banks comply with the principles laid down in the Master Direction on Filing of Supervisory Returns, 2024.

The sDQI for SCBs covers 87 SCBs and their key returns (viz. Return on Asset Liability and Off-Balance Sheet Exposures (ALE), Return on Asset Quality (RAQ), Return on Operating Results (ROR), Risk Based Supervision Return (RBS), Liquidity Return (LR), Return on Capital Adequacy (RCA), Central Repository of Information on Large Credits (CRILC) – Main) and microdata submitted for supervisory assessments.

Latest sDQI score

Scheduled Commercial Banks (SCBs)

Parameter	Dec-25	Mar-26
Accuracy	87.9	86.8
Completeness	95.8	96.4
Timeliness	92.7	92.1
Consistency	87.0	87.4
sDQI Score	90.9	90.7

Public Sector Banks (PSBs)

Parameter	Dec-25	Mar-26
Accuracy	88.0	86.2
Completeness	98.8	98.1
Timeliness	90.8	91.5
Consistency	86.4	86.8
sDQI Score	91.0	90.7

Private Sector Banks

Parameter	Dec-25	Mar-26
Accuracy	87.2	85.4
Completeness	97.6	95.5
Timeliness	90.1	88.9
Consistency	87.4	87.5
sDQI Score	90.6	89.3

Foreign Banks

Parameter	Dec-25	Mar-26
Accuracy	88.3	87.8
Completeness	92.9	95.7
Timeliness	94.4	94.6
Consistency	87.1	87.8
sDQI Score	90.7	91.4

Small Finance Banks (SFBs)

Parameter	Dec-25	Mar-26
Accuracy	87.7	86.6
Completeness	100.0	99.3
Timeliness	93.2	89.5
Consistency	86.5	86.4
sDQI Score	91.9	90.4

Change in Overall sDQI Score (Dec-25 to Mar-26)

Bank Group	Dec-25	Mar-26	Change
Scheduled Commercial Banks	90.9	90.7	-0.2
Public Sector Banks	91.0	90.7	-0.3
Private Sector Banks	90.6	89.3	-1.3
Foreign Banks	90.7	91.4	+0.7
Small Finance Banks	91.9	90.4	-1.5

Key Highlights:

Foreign Banks were the only group to improve their overall sDQI score, rising from 90.7 to 91.4.

Small Finance Banks recorded the largest decline, with their score falling from 91.9 to 90.4.

Private Sector Banks also saw a significant drop, from 90.6 to 89.3.

The overall Scheduled Commercial Banks (SCBs) score declined slightly from 90.9 to 90.7.

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State Bank of India(SBI) in Gujarat Incident: AGM Accused of Slapping Chief Manager

An SBI AGM has been the subject of a formal complaint for slapping and acting inappropriately against a chief manager in Junagadh, Gujarat. Chief Manager Ravindra Dharmanath Prasad has filed a complaint against SBI AGM Sudhir Sharma, who works at the SBI regional office close to Bhadadheen College.

The Chief Manager was assaulted by the AGM in front of all employees, according to the accounts. Employees at SBI are protesting this occurrence because no one has the right to mistreat or physically attack any employee.

An FIR has been lodged against the AGM by Chief Manager Ravindra Dharmanath Prasad. According to the FIR, the Chief Manager is assigned to Junagadh, Gujarat, and is from Ranchi, Jharkhand. For the past year, he has been employed as Chief Manager at the State Bank of India Regional Office, which is situated in Junagadh across from Bahauddin College. He took a leave of absence on June 16, 2026, due to illness. He visited Mr. Sudhir Sharma's (Assistant General Manager) office three times on June 17, 2026, for business-related reasons. AGM wasn't speaking clearly and was upset with him. According to the FIR, AGM humiliated him several times by saying, "You are useless and don't work."

He went to his chamber in the evening at 17:20 (5:20 PM) and asked him, "Sir, why are you angry with me?" I'm completing the task you gave me correctly. Sudhir Sharma became enraged at hearing this and said, "You don't work, you are useless, get out of my chamber!" After saying this, he got to his feet, grasped his left upper arm, opened the cabin door, and shoved him out. "Why are you acting like this?" he inquired. AGM lost control, stepped forward, and gave him a forceful smack across the cheek, saying, "I am your employee."

He then called out to the other staff members present, saying, ‘Get a stick and beat him out of here!’ When he protested, asking why he was acting this way, he threatened him, saying, ‘You don’t know who I am, I have connections all the way to the top. I will kill you.’

At that moment, our other office staff members gathered around. The incident was witnessed firsthand by some staff.

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Next Big Bank Merger in India: This PSU Banks Under Government Watch

A bank merger is making headlines once more. A new committee for the merging of public sector banks may shortly be established by the finance minister, according to media sources.

The government may combine 12 state-run banks into five and increase their foreign participation cap to 49%, according to sources and media reports. M. Nagaraju, a former secretary of the Department of Financial Services (DFS), could lead the committee.

Foreign Direct Investment (FDI) in Public Sector Banks (PSBs) is currently capped at 20% and requires prior government approval. The government must maintain a minimum 51% shareholding to retain public control.

The 20% FDI is allowed strictly through the government approval route. Individual foreign shareholder voting rights are currently capped at 10% to prevent them from taking strategic management control. In contrast to PSBs, private sector banks allow up to 74% FDI (49% via the automatic route and up to 74% through the government route).

The Union budget for FY27 had proposed a committee to chart “Banking for Viksit Bharat,” aimed at improving efficiency, governance and competitiveness among PSBs.

Finance Minister Nirmala Sitharaman had said reforms will help align public sector banks “with India’s next phase of growth, while safeguarding financial stability, inclusion and consumer protection.”

The committee may comprise up to five members, including current DFS secretary Sanjay Lohiya. A former chairman of the State Bank of India and a former deputy governor of the Reserve Bank of India (RBI) are also being considered for the committee.

On 1 April 2020, the government merged 10 PSBs into four larger banks. Oriental Bank of Commerce and United Bank of India were amalgamated with Punjab National Bank; Allahabad Bank merged with Indian Bank; Syndicate Bank with Canara Bank; and Andhra Bank and Corporation Bank with Union Bank of India.

Earlier, in April 2019, Dena Bank and Vijaya Bank were merged with Bank of Baroda. The consolidation drive reduced the number of public sector banks from 27 in 2017 to 12 by 2020, aiming to improve operational efficiency, risk management, capital utilization and lending capacity.

The new committee may also recommend raising the foreign direct investment (FDI) cap of 20% in PSBs to as much as 49% to attract global capital and strengthen banks’ balance sheets.

Earlier, it was reported that the finance ministry is drawing up a fresh blueprint to merge select public sector banks.

There were discussions around a potential merger of Union Bank of India and Bank of India and merger of Indian Overseas Bank and Indian Bank.

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