The Office of the Deputy Chief Labour Commissioner (Central), Kanpur, under the Ministry of Labour & Employment, Government of India, has sent a prosecution proposal against ICICI Bank’s Managing Director and CEO, Shri Sandeep Bakshi. The proposal has been sent under Section 25-U of the Industrial Disputes Act, 1947. Who Sent the Letter? The letter…
The High Court of Judicature at Allahabad, Lucknow Bench, presided over by Justice Shree Prakash Singh, set aside a one-line order issued by Punjab National Bank. The bank had rejected the request of a deceased employee’s son for compassionate appointment. The Court sent the matter back to the bank for fresh consideration within eight weeks….
HDFC Bank Female Staff dies after being hit by speeding bike in Bengaluru A 26-year-old woman working in HDFC Bank was killed after being hit by a speeding motorcycle in Bengaluru’s Rajajinagar on Tuesday afternoon. The accident occurred around 12:45 pm in front of the HDFC Home Loan office. The victim, Yogeshwari, an employee of…
Did You Know? The Supreme Court of India cancelled the nationalisation of Banks in 1969. Yes, you heard it right. In this article, we will have a look at the Supreme Court case. On February 10, 1970, the Supreme Court of India struck down the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1969, which had…
Gold Jewellery missing from Punjab National Bank branch in Delhi, Customers protest at Bank PNB New Delhi: Gold jewellery has been allegedly found missing from a bank locker at a Punjab National Bank branch in West Delhi’s Kirti Nagar area. Bank Customers gathered at the branch, following which a case has been registered and a…
The Kerala High Court has recently clarified that the “either or survivor” clause in a joint bank locker agreement does not confer ownership rights over its contents. This clause ordinarily allows the surviving holder to operate the locker after the death of other person. “The concept of the entitlement of one of the joint holders…
Vijayawada, Andhra Pradesh: Union Bank of India organised a bike rally to promote the special 444-day deposit scheme and encourage the habit of savings among the public. The rally started from BRTS road at Saradha College Junction and passed through Padavala Revu Centre, Eluru Road and Sitharampuram Junction, before concluding at BRTS road. The event…
PSU Banks will spend approx Rs.100 – Rs.150 crore in rotational transfer of Officers this year Public Sector Banks will spend around Rs.100 to Rs.150 crore in transfer and posting of Officers this year. This amount is just for rotational tranfer of officers and does not include transfer and posting of Officers due to promotion….
A Chintan Shivir of the Department of Financial Services, Ministry of Finance was held at Coorg, Karnataka on 13th and 14th February 2026. The event was attended by Secretary DFS, Shri M. Nagaraju, all senior officers and departmental staff, senior leadership of PSBs, PSICs and DFIs. In the event, Experts from public policy as well…
UPI has been a hit in India, and now almost everyone in urban and metro cities uses UPI for daily payments. However, according to the SBI report, although UPI usage is high, the currency in circulation is also high. Currency in circulation (CiC) in India has continued to rise and reached record high levels in…