The Reserve Bank of India (RBI) has introduced a new compensation framework to help customers who suffer losses due to small value fraudulent electronic banking transactions. The rule aims to provide financial relief to genuine victims of online fraud. The compensation scheme applies to individual customers who lose up to ₹50,000 due to fraudulent electronic…
The Catholic Syrian Bank Staff Federation (CSBSF), affiliated with the Bank Employees Federation of India (BEFI), has issued an official strike notice to the management of CSB Bank Ltd. The union has informed the bank that its members will go on a one-day protest strike on 16 March 2026. The notice was issued on 28…
IDBI Bank Recruitment 2026 Notification Released for Assistant Manager & Junior Assistant Manager Posts IDBI Bank Assistant Manager & JAM Recruitment 2026: IDBI Bank has released the official notification for the recruitment of Assistant Manager Grade ‘A’ and Junior Assistant Manager Grade ‘O’ (Regional) posts. A total of 1300 vacancies have been announced for eligible…
The Government of India has called an important meeting regarding the bank strike notice given by the United Forum of Bank Unions (UFBU). The meeting will be held to discuss the issue and find a possible solution. According to a letter issued by the Ministry of Labour & Employment, the meeting will take place on…
Is SBI forcing employees to do KYC without Documents and Customer Permission? A letter on social media has created a spark. The letter shared on various social media handles states that SBI is forcing it’s employees to do KYC of customers without obtaining consent from customers. The letter has been sent to various government departments…
US has taken actions against two bank employees for embezzling banks’ and customer’s funds. US Federal Reserve has executed enforcement actions against Jacob Hilton – Former employee of United Bank, Fairfax, Virginia, for embezzling bank funds. Hilton was hired by the Bank on February 10, 2020, and was a manager at the Parkersburg, West Virginia branch…
IIBF IIBF has opened the registration link for CAIIB elective examination 2026. All details related to the examination are given below. Candidates can apply online from 4th March 2026 till 24 March 2026. Registration Dates and Fees From 04-March-26 to 10-March-26 – Normal Examination fees From 11-March-26 to 17-March-26 – Normal Examination fees plus Rs…
Indian Overseas Bank Shares Profile of RBI Nominee Director Thomas Mathew Indian Overseas Bank (IOB) has informed that Mr. Thomas Mathew has been nominated as the RBI Nominee Director on the bank’s board. The information was disclosed to the stock exchanges on March 5, 2026. The bank said the disclosure is an additional update related…
Bank of Baroda Raises Rs.10,000 Crore via 7.10% Green Infrastructure Bonds Public sector lender Bank of Baroda has successfully issued and allotted ₹10,000 crore worth of long-term Green Infrastructure Bonds, according to an official disclosure made to the stock exchanges. Details of the Bond Issue According to the disclosure, the bonds carry an interest rate…
Punjab National Bank Appoints Sanjeev Kumar Dhupar as Chief General Manager at Head Office Punjab National Bank (PNB) has announced a change in its senior management. The bank has appointed Shri Sanjeev Kumar Dhupar as Chief General Manager – Agriculture & Priority Sector and Financial Inclusion Division at the Head Office. The change came into…