| Bank | Dividend (Rs. Crore) |
|---|---|
| State Bank of India (SBI) | 8,813 |
| Punjab National Bank (PNB) | 2,416 |
| Bank of Baroda(BOB) | 2,811 |
| Canara Bank | 2,397 |
| Union Bank of India | |
| Bank of India(BOI) | 1,553 |
| Central Bank of India | |
| Indian Bank | 1,815.05 |
| Indian Overseas Bank | |
| UCO Bank | 501 |
| Bank of Maharashtra | |
| Punjab & Sind Bank |
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 (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/ |
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 | — |
The detailed post-wise educational qualification and experience criteria have been released along with the detailed Bank of India Credit Officer notification PDF.
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.
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 |
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.
UFBU said it is also pursuing several other long-pending issues, including:
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.
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.
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.
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.
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.
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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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.
