Bank of Maharashtra Q3 Profit rises 27% YoY

Government-owned Bank of Maharashtra on Tuesday, January 13, reported a 26.50% year-on-year (YoY) rise in its consolidated profit to Rs.1,779.58 crore for the December quarter of the current financial year (Q3FY26). In the same quarter last year, the lender's profit was Rs.1,406.73 crore.

The bank's total income for the quarter rose 16.4% YoY to Rs.8,277.22 crore from Rs.7,112.66 crore in Q3FY25.Operating profit, or the profit before provisions and contingencies, rose nearly 19% YoY to Rs.2,735.90 crore from Rs.2,303.39 crore in Q3FY25.

Net profit margin improved to 21.68% from 19.83% YoY, while operating margin climbed to 33.21% from 32.43% YoY in Q3FY26.

The bank's net interest income (NII) grew by 16.27% YoY to Rs.3,422 crore during the December quarter against Rs.2,943 crore for the same quarter of the previous financial year. Net interest margin (NIM) slipped to 3.86% in Q3FY26 from 3.98% YoY.

Total deposits increased by 15.29% YoY to Rs.3,21,661 crore, while global gross advances increased by 19.62% YoY to Rs.2,73,502 crore, said the bank.The board of directors has approved an interim dividend of Rs.1 per equity share of face value of Rs.10 per share for FY26 (9 months), which is within the permissible limit of the RBI.

The bank said its gross NPA declined to 1.60% against 1.80% YoY, while net NPA declined to 0.15% against 0.20% YoY.The provision coverage ratio improved to 98.41% as of December 31, 2025, compared to 98.28% as of December 31, 2024, according to the bank.

The bank said it held a cumulative Covid-19 provision of Rs.1,200 crore as on December 31, 2025.

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Bank of India(BOI) Promotes this General Manager as Chief General Manager

Bank of India (BoI) has announced a key leadership change with the elevation of Shri Shankar Sen to the position of Chief General Manager, effective January 1, 2026.

Shri Sen was previously serving as General Manager at the Field General Manager Office, Pune. With this promotion, he joins the bank’s top management team and will play a strategic role in strengthening operational and financial leadership across the institution.

Shri Shankar Sen is a highly experienced banking professional with over three decades of service across major public sector banks. He earlier served as Chief Financial Officer (CFO) of Bank of India from May 2020 to June 2023, where he played a crucial role in strengthening the bank’s financial position and governance framework.

He is a Chartered Accountant (FCA), holds an MBA from Swami Vivekananda Subharti University, and is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB). His professional expertise spans credit management, risk, corporate and project finance, retail banking, international banking operations, finance, and accounting.

Over the years, Shri Sen has handled several key leadership assignments across corporate banking, project finance, international divisions, and large commercial branches, establishing a strong track record in strategic banking operations.

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This PSU Bank honoured as Best Bank for Supporting Start-Ups

In recognition of its significant commitment to fostering India's start-up ecosystem, Punjab National Bank (PNB) was named the Best Bank for Supporting Start-Ups at the MSME Banking Excellence Awards 2025. Piyush Goyal, the Hon'ble Minister of Commerce & Industry, Government of India, gave the award. 

Executive Director M. Paramasivam and Chief General Manager Firoz Hasnain accepted it on the bank's behalf (MSME). The bank claims that the award is a reflection of PNB's ongoing efforts to help innovation-led start-ups nationwide, enhance access to financing, and provide customized MSME solutions. The award highlights PNB's contribution to bolstering India's inclusive economic growth and start-up culture.

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Bank of India(BOI) Apprentice Recruitment 2025 Notification

Bank of India(BOI) Apprentice Recruitment 2025: Bank of India has released the official notification for Apprentice Recruitment 2025, inviting applications for 400 posts across various locations. Eligible candidates can apply online after checking the prescribed educational qualifications, age limit, and selection process mentioned in the notification. Interested applicants are advised to complete the application process within the given timeline through the official channel.

Bank of India Apprentice Recruitment 2025 Important Dates

• Notification Released: 23 December 2025
• Application Start Date: 25 December 2025
• Last Date to Apply: 10 January 2026 (11:59 PM)
• Last Date for Fee Payment: 10 January 2026
• Exam Date: To be released

Bank of India Apprentice Recruitment 2025 Age Limit Details

• Age Limit: 20 to 28 years
• Age Calculation Date: 01 December 2025
• Date of Birth Range: 02 December 1997 to 01 December 2005
• Age Relaxation: Applicable as per rules

Bank of India Apprentice Recruitment 2025 Notification PDF & Apply Online Form Link

• Download Notification PDF
• Click Here to Apply Online

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PSU Bank's Heart-Melting Initiative, After maternity leave, female employees will receive a special welcome

A new program named PNB Udbhav has been introduced by Punjab National Bank (PNB) to assist and extend a warm welcome to female workers who are returning to work following maternity leave. According to PNB, women frequently find it difficult to return to work after giving birth because of emotional strain, childcare obligations, financial strain, and the need to advance in their careers. 

 The bank launched this employee-friendly initiative as part of its Gender Diversity at Workplace Policy to assist female employees in returning with confidence.

Any woman finds it difficult to return to work after giving baby. After giving birth, a mother experiences profound emotional transformations in addition to physical healing. She experiences weakness, discomfort, anxiety, and occasionally melancholy. She must simultaneously return to her job and leave her newborn at home. Emotional stress, anxiety, and guilt are brought on by this separation. 

 A lot of women struggle to balance parenthood and their careers. Their hearts frequently remain with their child while they are at work. This stage is mentally taxing because to sleep deprivation, ongoing concern for the child, and pressure to do well at work. Some mothers believe they have changed. This is a genuine and widespread emotional issue.

A friendly greeting at work has a significant psychological impact. A woman feels safe, appreciated, and self-assured once more when she is treated with compassion, respect, and understanding. Fear can be lessened and emotional suffering can be healed with a modest gesture like a symbol of welcome or kind words. 

 The returning mother will be contacted by a Nodal Officer or ERG (Employee Resource Group) member one month prior to her joining duty under the PNB Udbhav plan. PNB SPARSH, the bank's teleconsulting service for female employees following maternity leave, would also be explained to her. This program aims to ease worry, tension, and dread while facilitating a seamless return to work.

On the day of rejoining, the employee will be warmly welcomed at the office, preferably with a planter and encouraging words. The ERG Head, ERG Member, or Nodal Officer will be present during this welcome. PNB said that this step is meant to make women employees feel valued and supported as they balance work and family life. All ERG heads, field offices, and head office divisions have been directed to implement this scheme in true spirit.

This initiative will not just help women return to work — it will help them return with dignity, confidence, and emotional strength.

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RBI Ombudsman received over 13 lac complaints in FY 2024-25, while complaints against private sector banks grew

 

The Reserve Bank's Integrated Ombudsman Scheme (RB-IOS) received 13,34,244 complaints in FY 2024-25, up 13.55% from 11,75,075 in FY 2023-24. These Complaints were submitted by email, letter at the CRPC, or through the CMS portal. 

9,11,384 complaints were sent to the CRPC. Of these, 1,08,331 complaints were sent to the ORBIOs and 10,589 to CEPCs for processing. The remaining 7,76,336 were deemed non-maintainable or non-complaints. As of the end of FY 2024-25, 16,128 complaints were pending before the CRPC.

The ORBIOs received a total of 2,96,321 complaints in FY 2024-25, including 1,87,990 through the CMS portal and 1,08,331 recommended by the CRPC. This was a 0.82% rise from 2,93,924 complaints in FY 2023-24. Complaints received per lakh accounts at ORBIOs declined from 8.9 in FY 2023-24 to 7.7 in FY 2024-25 at the national level. 

Of the total complaints at ORBIOs, 91.22% were reported digitally through the CMS site or email. Individuals accounted for the highest share with 2,58,365 complaints (87.19%). Among categories, complaints relating to loans and advances were the greatest in FY 2024-25, followed by credit card complaints. Complaints involving mobile or electronic banking fell by 12.74% year-on-year.

With 2,41,601 cases, or 81.53% of all complaints received by the ORBIOs in FY 2024–2025, complaints against banks constituted the greatest share. NBFCs accounted for 43,864 complaints or 14.80%. 

Among banks, private sector banks received the most complaints, going from 34.39% in FY 2023-24 to 37.53% in FY 2024-25. The percentage of complaints against public sector banks decreased from 38.32% in FY 2023–2024 to 34.80% in FY 2024–2025.

In FY 2024–2025, the ORBIOs resolved 2,90,567 complaints, including ongoing cases, for a disposal rate of 93.07%. Of them, 1,80,621 complaints (62.16%) were manageable, while the rest were categorized as non-maintainable. Of the maintainable complaints, 43.36% were rejected and 51.91% were settled through conciliation, mediation, or mutual settlement. 

The Appellate Authority received 104 challenges against Ombudsman rulings during the year. Of these, 98 were submitted by complainants and 6 by regulated entities.

The Contact Centre (toll free: 14448) operating from Chandigarh, Kochi, and Bhubaneswar, it handled 9,27,598 calls in FY 2024-25, a rise of 28.89% from the previous year. Of these calls, 60.64% were handled through the IVRS system and 38.59% by staff. Abandoned calls dropped sharply to 0.78%. Hindi accounted for 70.43% of calls, English 6.73%, and 22.84% were in regional languages including Assamese, Bengali, Gujarati, Kannada, Odia, Punjabi, Malayalam, Marathi, Tamil, and Telugu.

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State Bank of India(SBI) Specialist Officer (SO) Recruitment 2025 Notification Released for 1042 Posts

State Bank of India(SBI) has issued the official notification for the recruitment of Specialist Officer (SO) posts. A total of 1042 vacancies have been announced under the SBI Bank SO Recruitment 2025. The notification was released on 02 December 2025, and the online application process will remain open from 02 December to 23 December 2025.

SBI SO Recruitment 2025 Overview

Recruitment Organization	State Bank of India
Post Name	Specialist Officer
Vacancies	1042
Job Location	All India
Last Date to Apply	23 December 2025
Mode of Application	Online

<SBI SO Recruitment 2025 Important Dates

• Notification Release: 02 December 2025
• Online Application Starts: 02 December 2025
• Last Date to Apply: 23 December 2025 (till 11:59 PM)
• Fee Payment Last Date: 23 December 2025

SBI SO Recruitment 2025 Selection Process

The selection will be done in the following stages:

• Shortlisting
• Interview
• Document Verification
• Medical Examination

SBI SO Recruitment 2025 Notification PDF & Apply Online Form Link

• Download Notification PDF
• Click here to Apply Online

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Latest Updates on Bank Merger

The Government of India is preparing a big plan to reorganise public-sector banks. If this plan is adopted, the number of government-owned banks will come down from 12 to only four by the financial year 2027. These four banks will be State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and a new, sizable bank created by combining Canara Bank and Union Bank of India, according to sources in a report released by Money Control. The Finance Ministry is working on the idea with the main purpose of strengthening the banks, boosting their financial health and making them strong enough to compete with global lenders.

Canara Bank and Union Bank are scheduled to be combined first. The government is also exploring if Indian Bank and UCO Bank can be incorporated into this same structure. These banks will serve as the primary pillars of the public-sector banking system once they are finished, along with SBI, PNB, and BoB. Other mid-sized banks such as Indian Overseas Bank, Central Bank of India, Bank of India and Bank of Maharashtra may be merged into SBI, PNB or BoB. Punjab & Sind Bank has not yet received a final verdict. Before the plan is implemented, it has to pass through numerous approval phases. It will first be presented to the Minister of Finance.

After that, it will be reviewed by senior officials, examined by the Prime Minister’s Office and checked by SEBI because the decision could affect the stock market. Only after all clearances will the mergers move forward.

The government believes that creating larger and stronger banks will help meet the country’s growing need for credit. Bigger banks can handle large loans, support infrastructure projects and match the growth of private sector banks. Officials also feel that mergers will help cut costs, remove duplicate branches and make better use of capital. They say that this round of consolidation may be smoother than the earlier one because banks today have stronger balance sheets, better systems and more experience in handling mergers.

If this plan becomes a reality, it will be the second major phase of bank consolidation after the 2017–2020 reforms, which reduced the number of state-owned banks from 27 to 12. The new proposal aims to take this change further and build a smaller number of much stronger public-sector banks that can support India’s future growth.

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