Recovering retail and MSME (Micro, Small, and Medium Enterprises) loans under Rs 5 crore would be the primary emphasis of this new company. This partnership aims to streamline and increase the efficiency of the smaller loan recovery procedure. Banks will work together under a single agency rather than handling loan recovery independently.
style="font-family: arial;">For loans made to people and small enterprises, this will lower expenses and increase recovery rates. PSB Alliance Pvt Ltd, a business established by several banks to collaborate on projects, is managing the project. Sources with knowledge of the strategy said PSB Alliance will first develop a "proof of concept." In order to assess how this shared collection firm will function and how it can best handle loan recovery, they will create a working model or pilot.
Once the initial phase is successful, more public sector banks are expected to join the effort and become part of this unified loan recovery system. This collaborative approach aims to help banks better manage their loan portfolios, especially for smaller loans, which can be challenging to recover individually.
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.
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
AIBEA announced Nationwide General Strike on 9th July,2025 which is postponed from 20th May,2025.
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:
As per the updated Punjab Civil Services Rules, Volume II, the OPS will now apply to:
Eligible employees will be allowed to choose between:
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.
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.
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.
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.
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.
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.
This wide lead proves that PSBs are playing a much larger role in supporting India’s economy across sectors.
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.
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.
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.
