Category: Banking

In a significant development highlighting growing unrest among officers, the All India Bank of Baroda Officers’ Union (AIBOBOU) has formally written to the General Manager – Human Resources of Bank of Baroda, urging a one-time merit-based review of officer transfer grievances that were dismissed with stereotypical responses. The union expressed deep dissatisfaction over the HR…

ED Attaches ₹106.36 Crore Assets of Former UCO Bank CMD in ₹6,210 Crore Bank Fraud Case

Jul 25, 2025

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Subodh Kumar Goel Allegedly Sanctioned Fraudulent Loans in Exchange for Illegal Benefits New Delhi, July 25, 2025 — The Enforcement Directorate (ED) has provisionally attached assets worth ₹106.36 crore belonging to Subodh Kumar Goel, former Chairman and Managing Director of UCO Bank, and his associated entities. The action is part of a broader money laundering…

Bank of Baroda Withdraws Unauthorized Absence Remark Against Employee After Conciliation

Jul 24, 2025

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Jammu: In a significant development, the Regional Labour Commissioner (Central), Jammu, facilitated a formal settlement between Bank of Baroda and its employee, Ms. Shaphali Jain, following a dispute over alleged unauthorized absence. The case was raised by the United Forum of We Bankers, which filed an online application (ID No. 300134019) on June 25, 2025,…

Public Sector Banks’ Gross NPAs Fall Sharply to 2.58% by March 2025

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New Delhi, July 22, 2025: In a major boost to India’s banking sector, gross non-performing assets (NPAs) of public sector banks have significantly declined from 9.11% in March 2021 to just 2.58% by March 2025, as per data shared by the Reserve Bank of India (RBI). This positive trend highlights the impact of sustained efforts…

RBI Dpt. Governor Swaminathan J Inspires Future Bankers with Four Life Lessons at NIBM Valedictory

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Pune:Shri Swaminathan J, Deputy Governor of the Reserve Bank of India, delivered an inspiring valedictory address to the PGDM Batch of 2025-27 at the National Institute of Bank Management (NIBM), Pune. His speech, titled “Reflections from a Banker’s Journey,” offered profound insights drawn from his decades-long career in both the State Bank of India and…

Jyothi Surekha Vennam Felicitated by Union Bank for World Cup Archery Feat

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Vijayawada:India’s ace compound archer Jyothi Surekha Vennam was warmly felicitated by the Union Bank of India officials at her residence in Vijayawada on Friday, in recognition of her outstanding performance at the World Cup Archery Stage IV held in Madrid. The event was led by Mr. C.V.N. Bhaskara Rao, Convenor of State Level Bankers’ Committee…

SBI Declares RCom and Anil Ambani as ‘Fraud’; CBI Complaint in Process

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New Delhi, July 22, 2025:The State Bank of India (SBI) has officially classified Reliance Communications (RCom) and its promoter-director Anil D Ambani as ‘fraud’ accounts, following due process under RBI guidelines. This update was shared in a written reply by Minister of State for Finance, Pankaj Chaudhary, in the Lok Sabha on Monday. The fraud…

What is CoinDCX?

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CoinDCX is like a stock market app—but for cryptocurrencies like Bitcoin and Ethereum.It’s one of India’s biggest crypto trading platforms, where people can buy, sell, and invest in digital currencies using their phone or computer. Started in 2018, CoinDCX says it takes safety very seriously and follows Indian rules. It has over 1 crore users…

Hackers stole ₹378 crore from CoinDCX’s internal account in a major cyberattack.

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