A Loan Defaulter Mistreats BOI Staff and Attempts to Hostage Them

After being asked to pay his loan payment, a loan account holder stormed into a bank branch, misbehaved, and attempted to take the employees hostage. 

The event happened inside the Bank of India in Varanasi's Badi Bazar, and Shiv Pratap Singh Chandel, the accused, has been charged at the Chetganj police station. Branch manager Jitendra Kumar Dubey claims that Shiv Pratap Singh Chandel was contacted by bank employees to inform him of his overdue loan payment. 

Rather than reacting appropriately, he made a phone threat to murder the bank employees. Shiv Pratap Singh Chandel forcibly entered the bank's branch on February 15 at night when audit work was underway. Important bank paperwork were tampered with by him as he attempted to hold the staff and officers hostage. He also misbehaved with the bank employees and threatened them.

He misbehaved with female staff as well and issued death threats. The Chetganj police station in-charge confirmed that a case has been registered, and an investigation is underway. Further legal action will be taken based on the findings.

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Canara Bank staff commits suicide in Fazilka, Case Filed against Bank Manager

 

Following the untimely death of a local man named Inderjeet Singh, who had been employed by Canara Bank's Fazilka branch for the last seven to eight years, a bank manager has been charged with aiding and abetting suicide.

When Seema Rani, Inderjeet's wife and a Gandhi Nagar resident, filed a complaint with the Fazilka City Police, the incident became public knowledge. She claims that after being repeatedly humiliated by the bank manager, her husband committed himself on January 4.

Read More - Bank of India(BOI) Employee commits Suicide in Hyderabad Due to Work Pressure

According to Seema Rani's statement, Inderjeet told her about the alleged harassment. According to reports, he informed her that the manager had been disparaging him in front of other employees for a number of days. She alleged that the constant humiliation pushed him to consume a poisonous substance that ultimately claimed his life.

Acting on the complaint, the police have registered a case against the bank manager under Section 306 of the Indian Penal Code (IPC), which pertains to abetment of suicide. SHO Lekh Raj of the City Police Station confirmed that an investigation is underway to determine the exact circumstances leading to Inderjeet’s death.

Inderjeet Singh’s grieving family has called for strict action against the accused manager and demanded justice for their loss. Meanwhile, the police continue to probe the matter to ascertain whether workplace harassment played a role in this tragic incident.

The case underscores the importance of addressing workplace stress and ensuring a supportive and respectful environment to prevent such devastating outcomes.

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Letter to FM- Provision of adequate manpower in Bank branches

 

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Bank Strike: Bank staff threaten to intensify stir in July, August

The United Forum of Bank Unions(UFBU) on Tuesday threatened to intensify their stir in July and August against the 'meagre' two per cent salary hike, officials said. The bank employees had observed a two-day strike on May 30 and 31 against the hike.

The United Federation of Bank Unions, the umbrella organisation of nine bank unions, met here and congratulated the staff for observing the two-day strike, general secretary of the federation CH Venkatachalam said. 

"It has been decided to further continue the struggle with more strikes. Having regard to the need for an amicable solution, it was decided to meet the higher authorities in the government and the banks", he told PTI.

"However, if no solution is forthcoming in these meetings, the United Forum of Bank Unions will proceed and announce more agitations", he said. Meanwhile, a report from Tirupathi quoted senior vice-president of the National Confederation of Bank Employees, VVSR Sarma as saying that the bank staff would intensify the stir in a phased manner in July and August to press for their demands.

"Prior to intensifying our agitation, United Forum of Bank Unions decided to submit a memorandum on the wage hike issue and other banking developmental issues to finance minister Arun Jaitley by this month-end," he said.

Source- Times of India

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DA increased for Bankers from Feb,2018 to Apr,2018

The rate of D.A. payable to employees from February,2018 to April,2018 therefore stands increased by 11 slabs. The monthly D.A. payable for the above three months to employees  is given below:

 D.A. 527 slabs payable during the quarter February,2018 to April,2018

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SBI reduces employee base by 10,500 from Apr-Sep; 5,000 more to retire by March

Country’s largest bank State Bank ofIndia (SBI) has reduced its total employee strength by 10,584 in the six months period after its merger. This is further expected to go down by 4,876 people by the end of the year closing March 2018, as targeted by the bank.

The staff strength has come down to 2,69,219 staff as on September 2017 compared to 2,79,803 as on March 2017.

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YES Bank cuts staff by almost 2,500, cites redundancies

Private lender YES Bank has gone in for "rationalisation" of workforce to address certain "redundancies", the company has said.

According to reports, the bank has reduced its workforce by nearly 2,500 on account of digitisation and automation.Although YES Bank did not put a specific number, it said digital transformation has created certain redundancies requiring rationalisation of workforce.

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Some jobs may go missing from banks in the next few years

Remember the good old bank clerk who used to update your pass book? The fact that he is hardly seen these days explains banking industry's biggest predicament -- Automation. 

On Wednesday, Vikram Pandit, who ran Citigroup during the financial crisis, endorsed this predicament with a disturbing figure. Pandit said developments in technology could see some 30 per cent of banking jobs disappearing in the next five years.

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