7-Year Imprisonment for Former Bank of India(BOI) Branch Manager in CBI Fraud Case

In a bank fraud case, the CBI Court in Bhopal convicted former Bank of India Senior Branch Manager Piyush Chaturvedi and private individual Mohan Singh Solanki to seven years of harsh imprisonment. Additionally, the court fined both defendants ₹60,000 in total. On May 14, 2026, the verdict was rendered.

The case was filed on January 25, 2016, according to the Central Bureau of Investigation (CBI), based on a written complaint submitted by the Deputy Zonal Manager of Bank of India, Zonal Office, Bhopal, at the time.

The CBI claimed that on November 26, 2013, Piyush Chaturvedi, a Senior Branch Manager of the Bank of India's Misrod Branch in Bhopal, illegally approved a term loan and cash credit limit of ₹30 lakh in the name of M/s R.J. Enterprises.

The same day, it is alleged that ₹25 lakh was fraudulently transferred from M/s R.J. Enterprises' account via an RTGS transaction using falsified vouchers and RTGS forms. The money was moved to the account of M/s Sanwariya Machine, which belonged to accused Mohan Singh Solanki.

Both of the suspects stole the money as part of a criminal conspiracy, according to the inquiry. The bank suffered an unjust loss as a result of the fraud, while the accused individuals gained an unfair advantage.

Following the inquiry, the CBI presented a chargesheet to the appropriate court against both defendants.

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Canara Bank Q4 Profit falls 10%

Canara Bank on May 11 reported a 12.7 percent rise in net profit as at the end of the fiscal year ending March 2026 to Rs 19,187 crore, as compared to Rs 17,027 crore as at the end of March 2025. For Q4 FY26, the PSU lender posted a net profit Rs 4,506 crore, as compared to Rs 5,004 crore in Q4 FY25.

The bank posted a moderation in net interest margin (NIM) in tandem with most major banks for the quarter. The margins for Q4 FY26 was at 2.54 percent, as compared to 2.73 percent in the prior corresponding quarter.

Canara Bank's asset quality improved throughout the year. The gross non-performing asset (GNPA) ratio for the March quarter came in at 1.84 percent for Q4 FY26, as compared to 2.94 percent in Q4FY25. On a sequential basis, the GNPA improved by 24 basis points from 2.08 percent in Q3 FY26. The net non-performing asset (NNPA) ratio for the March quarter came in at 0.43 percent, versus 0.70 percent in Q4 FY25.

Provisions also declined significantly on a sequential and year-on-year basis for the quarter. In Q4, the provisions were at Rs 2,252 crore, as compared to Rs 3,964 crore in Q3 FY26 and Rs 3,280 crore in Q4 FY25.

The bank posted a common equity ratio of 12.44 percent for March 2026, as compared to 12.03 percent in March 2025.

Canara Bank's domestic deposits stood at Rs 14,36 lakh crore as at March 2026, growing 7.95 percent on a year-on-year (YoY) basis, while advances stood at Rs 11.61 lakh crore as at March 202, rising 15.12 percent on a YoY basis.

The bank ended the year with a return on assets (RoA) of 1.10 percent as of the end of March 2026, a slight improvement from 1.09 percent in March 2025.

Shares of the lender were trading 3.85 percent lower at Rs 129.17 apiece as of 1345 IST.

The bank declared dividend of Rs 4.2 per share

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Bank of Baroda(BoB) Q4 results: Profit jumps 11% YoY

 Public sector lender Bank of Baroda (BoB) on Friday, 8 May, reported an 11.25% year-on-year (YoY) rise in its standalone net profit to ₹5,615.68 crore for the January-March quarter of the financial year 2026 (Q4FY26). In the same quarter of the previous financial year, BoB's profit was ₹5,047.73 crore.

Sequentially, or on a quarter-on-quarter basis, BoB's profit rose by 11% from ₹5,054.63 crore in Q3FY26.

Operating income during the quarter under review climbed 1.4% YoY to ₹16,460 crore, while operating profit jumped 11.5% YoY to ₹9,069 crore in Q4FY26.

For the entire financial year 2026, BoB's standalone profit rose by 2.25% to ₹20,021.06 crore from ₹19,581.15 crore in FY25.

Meanwhile, the PSU bank's board recommended a dividend of ₹8.50 per share for FY26. The record date for the purpose is 5 June 2026.

BoB's net interest income (NII) rose by 8.7% YoY to ₹12,494 crore, while global net interest margin (NIM) eased to 2.89% in Q4FY26 from 2.98% in Q4FY25.

Total provisions (excluding taxes) and contingencies saw a sharp 103% YoY jump to ₹3,150 crore in Q4FY26. In the same quarter last year, it was ₹1,552 crore.

Domestic deposits grew by 12.8% YoY to ₹14,01,290 crore, while domestic advances also saw an impressive growth of 14.5% YoY to ₹11,69,458 crore.

BoB's domestic CASA increased by 9.8% YoY to ₹5,45,034 crore.

Bank of Baroda reported a decline in non-performing assets (NPA) for the March quarter. While gross NPA eased to 1.89% from 2.26% YoY, net NPA also dropped to 0.45% from 0.58% YoY.

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Bank of India(BOI) Q4 Results: Net Profit Rises 15% YoY, Declares ₹4.65 Dividend

 

Bank of India(BoI) reported 14.85% increase in standalone net profit to Rs 3,015.79 crore on 4.3% increase in total income to Rs 22,685.38 crore in Q4 FY26 over Q4 FY25.

Profit before provisons and contingencies rose 2.88% YoY to Rs 5,025 crore in Q4 FY26.

Net Interest income (NII) increased 11.01% to Rs 6,730 crore in Q4 FY26. Global net interest margin (NIM) stood at 2.58% in Q4 FY26.

Global deposits stood at Rs 9,27,271 crore as on 31st March 2026, up 13.56% compared with Rs 816,541 crore as on 31st March 2025. Domestic CASA rose 7.30% YoY to Rs 300,765 crore as on 31st March 2026. CASA ratio fell to 37.64% as aon 31st March 2026 as against 40.2% as on 31st March 2025.

Global advances stood at Rs 7.71 lakh crore as on 31st Match 2026, up 15.82% compared with Rs 666,047 crore as on 31st March 2025.

Gross NPAs declined to 1.98% as of 31st March 2026, from 3.27% as of 31st March 2025. Net NPAs fell to 0.56% as of 31st March 2026 from 0.82% as of 31st March 2025.

The provision coverage ratio (PCR) as on 31st March 2026 was at 93.57%. Capital adequacy ratio (CAR) as at the end of Q4 FY26 stood at 18.1%. As on 31st March 2026, CET-1 ratio stood at 15.05% while Tier-1 ratio stood at 15.36%.

Meanwhile, the companys board recommended a dividend of Rs 4.65 per equity share with a face value Rs 10 each fully paid up for the FY2025-26. The record date has been fixed as 29th May 2026.

Bank of India is a public sector bank. The Government of India held a 73.38% stake in the bank as of 31st March 2026.

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State Bank of India(SBI) Q4 Profit rises 6% YoY

 

India's largest bank by assets, State Bank of India (SBI), on Friday, 8 May, reported a 5.6% year-on-year (YoY) rise in standalone net profit for the January-March quarter of the financial year 2026 (Q4FY26) to ₹19,683.75 crore. In the corresponding quarter of the previous financial year, the PSU bank's profit was ₹18,642.59 crore.

However, sequentially, or on a quarter-on-quarter (QoQ) basis, profit declined 6.4% as in Q3FY26, SBI's profit was ₹21,028.15 crore.

Operating profit declined 11.45% YoY and 15.70% QoQ to ₹27,704 crore.

For the entire financial year 2026, SBI's profit rose by nearly 13% YoY to ₹80,032.01 crore from ₹70,900.63 crore in FY25.

SBI's net interest income (NII) rose by 4.13% YoY but declined by 1.35% QoQ to ₹44,380 crore.

On the other hand, domestic NIM (net interest margin) decreased by 21 basis points YoY and 18 basis points QoQ to 2.93%.

Gross advances saw a decent 16.87% YoY and 5.32% QoQ growth, standing at ₹49,32,627 crore. Domestic corporate advances rose by 14.83% YoY and 6.83% QoQ to ₹14,24,589 crore. Home loans grew by 13.66 % YoY and 3.88% QoQ to ₹9,44,210 crore.

Overall deposits saw a growth of 11.03% YoY and 4.81% QoQ to ₹59,75,642 crore.

Domestic CASA increased by 9.53% YoY and 5.71% QoQ to 22,62,011 crore. CASA ratio, however, declined by 51 bps YoY but rose by 33 bps QoQ to 39.46%.

The bank's gross NPA declined by 4.46% YoY and 0.25% QoQ to ₹73,452 crore. Thus, gross NPA ratio improved by 33 bps YoY to 1.49%.

Net NPA also declined by 4.25% YoY but increased by 4.54% QoQ to ₹18,830 crore. Net NPA ratio improved by 8 bps YoY to 0.39%.

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Punjab National Bank(PNB) Q4 Net profit rises 14% YoY

Punjab National Bank(PNB)’s Q4FY26 net profit rose 14.4 percent year-on-year to Rs 5,225 crore, even as its core interest income moderated during the period. The PSU lender’s net interest income (NII) declined 3.5 percent YoY to Rs 10,380 crore from Rs 10,757 crore in the year-ago quarter.

The country's third biggest PSU lender posted a domestic net interest margin of 2.61 percent for Q4 FY26, as compared to 2.96 percent in the previous fiscal year, narrowing by nearly 30 basis points.

PNB's asset quality improved sequentially. Gross non-performing assets (GNPA) ratio eased to 2.95 percent in Q4 from 3.19 percent in the previous quarter, while net NPA (NNPA) ratio narrowed to 0.29 percent from 0.32 percent QoQ.

Provisions declined sharply on a sequential basis. The bank reported provisions of Rs 424 crore in the January-March quarter, down from Rs 1,150 crore in the October-December quarter, though slightly higher than Rs 360 crore in the year-ago period.

PNB's total term deposit witnessed a growth of 10.9 percent on YoY basis to Rs 11.01 lakh crore as on 31st March’26, while total retail credit increased by 8.3 percent YoY to Rs 2.81 lakh crore, as of the end of the March quarter.

Moreover, the lender's return on assets (RoA) improved by 4 bps to 1.06 percent in Q4 FY26 from 1.02 percent in Q4 FY’25. Additionally, the bank's tier-1 capital adequacy ratio improved to 13.62 percent in the March quarter from 12.33 percent in the previous corresponding quarter.

PNB’s board also recommended a dividend of Rs 3 per share (face value Rs 2 each) for FY26.

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Tentative date of results of PSU and Private Banks for Q4FY26

  

Bank	Result Date
Bank of Baroda (BOB)	6th May
Bank of India(BOI)	8th May
Bank of Maharashtra(BOM)	20th April
Canara Bank	8th May
Central Bank of India	30th April
Indian Bank	29th April
Indian Overseas Bank(IOB)	29th April
Punjab & Sind Bank	27th April
Punjab National Bank(PNB)	8th May (T)
State Bank of India(SBI)	14th May (T)
UCO Bank	25th April
Union Bank of India	23rd April
Axis Bank	25th April
HDFC Bank	18th April
ICICI Bank	18th April
Kotak Mahindra Bank	2nd May
Indusind Bank	20th April
IDBI Bank	30th April
IDFC First Bank	25th April
Yes Bank	18th April

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Allahabad highcourt fines Rs.50000 to bank for freezing customer account

 

If a customer's account credit exceeds their claimed income, Channel Banks will freeze their account. Consumers are becoming irate, and the Allahabad High Court heard one such case.

The Allahabad High Court's Lucknow Bench has expressed concern about banks blocking client accounts without good cause. According to the Court, a bank shouldn't act like an investigative body since it functions as a trustee.

Indian Overseas Bank was fined ₹50,000 by a Division Bench consisting of Justices Shekhar B. Saraf and Awadhesh Kumar Chaudhary. A customer's account was locked by the bank without good reason. The bank was mandated by the court to reimburse the account holder for this sum within four weeks.

The lawsuit concerns M/s S.A. Enterprises, a business that sells fish farming equipment. A petition was filed by the business against the bank. According to the suit, on January 16, 2026, RTGS credited ₹23 lakh to the company's account. 

This transaction was viewed as suspicious by the bank, which froze the account. The bank said that the company had only reported an annual income of ₹5.76 lakh at the time the account was opened. The bank blocked the account as a result, invoking the Prevention of Money Laundering Act. The High Court pointed out that no cybercrime report was the reason the account was frozen.

The bank behaved as an investigative agency and took independent action. The Court made it quite plain that banks are not allowed to determine the source of cash on their own. An order from the Central Bureau of Investigation, the Police, or the Enforcement Directorate is required in order to freeze an account.

Additionally, the Court stated that the practice of freezing accounts without a valid justification is concerning. Such acts have the potential to halt corporate operations and harm account holders' reputations.

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DA hike for Bank Employees from May -2026

 

The Government of India has increased Dearness Allowance (DA) for Bank Employees from May 2026 to July 2026.

Index for Months	Index as per 2016 series
Jan 26	148.60
Feb 26	148.50
Mar 26	149.10
Average	148.73
New DA Rate (over 123.03)	25.70%
DA Rate for Previous Quarter	25.00%
Increase	0.70%

Accordingly, Dearness Allowance is payable to Officers is 25.70% slabs with effect from 01.05.2026. A few days ago, the Government of India had increased DA for Central government employees by 2%. Dearness Allowance (DA) of central government employees has been hiked by 2 per cent, taking the total DA from 58 per cent to 60 per cent of basic pay.

Complete Chart:

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IDBI Bank Q4 Net profit falls 5.3%

IDBI Bank reported a standalone net profit of ₹1,943.2 crore in the fourth quarter of FY26, registering a fall of 5.3% from ₹2,051.2 crore in the year-ago period.

Net interest income (NII), the difference between interest earned and interest paid, in Q4FY26 increased 17% to ₹3,851.5 crore from ₹3,290 crore, year-on-year (YoY). Net interest margin (NIM) grew by 15 basis points (bps) YoY to 4.15%.

The lender’s pre-provisions operating profit (PPOP) during the quarter under review dropped 4.73% to ₹3,043.38 crore from ₹3,194.81 crore, YoY.

Gross non-performing assets (NPA) in the March quarter decreased 4.02% to ₹6,028.12 crore from ₹6,280.94 crore in the previous quarter. Net NPA declined 10.67% to ₹379.90 crore from ₹425.28 crore.

Gross NPA (as a percent of gross advances) in Q4FY26 dropped by 25 bps to 2.32% from 2.57%, quarter-on-quarter (QoQ), while net NPA ratio fell by 3 bps to 0.15% from 0.18%, QoQ.

Total deposits of IDBI Bank increased by 12% YoY to ₹3,47,163 crore as on March 31, 2026 as against ₹3,10,212 crore as on March 31, 2025. CASA increased by 7% YoY to ₹1,54,816 crore from ₹1,44,398 crore, YoY. CASA ratio stood at 44.59% as against 46.55%, YoY.

IDBI Bank’s net advances grew by 16% YoY to ₹2,53,626 crore as on March 31, 2026 from ₹2,18,399 as on March 31, 2025. The composition of corporate versus retail in gross advances portfolio stood at 30:70 as on March 31, 2026.

CRAR improved to 26.65% as on March 31, 2026 as against 25.05%m, YoY. Tier 1 Capital improved to 25.56% as on March 31, 2026 as against 23.51% as on March 31, 2025.

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