Expected DA calculation updated on 01-04-25 on the basis of CPI announced by the GOI for the month of Feb.'25 and with the assumptions of CPI for the month of Mar.'25 as mentioned hereunder.
The CPI for the month of February, 2025 announced on 01-04-2025 as 142.80 points decreased by 0.40 points only from 143.20 points in January, 2025.
1. On assumptions if there is a decrease of 0.40 points of CPI in the month of Mar.'25, on this assumption, we may expect that there would be a decrease of 1.43% DA only and the total tentatively revised DA would be 19.77% from May'25 in terms of 12th BPS.
2. On assumptions if there is no increase/decrease of any points of CPI in the month of Mar.'25, on this assumption, we may expect that there would be a decrease of 1.30% DA only and the total tentatively revised DA would be 19.90% from May'25 in terms of 12th BPS.
3. On assumptions if there is an increase of 0.40 points of CPI in the month of Mar.'25, on this assumption, we may expect that there would be a decrease of 1.16% DA only and the total tentatively revised DA would be 20.04% from May'25 in terms of 12th BPS.
The results of the 2025 Clerk Recruitment Exam have been made public by the Institute of Banking Personnel (IBPS). 11,830 applicants were chosen for the Clerk position. The position was previously open for the hiring of 6,128 clerks.
IBPS Clerk Mains Result 2025 : To check scores online, candidates need to follow these steps:
Open the official website of IBPS, ibps.in.
Click on theIBPS Clerk Mains Result 2025 link available on the home page.
The government's intention to privatize two public-sector banks (PSBs) has reportedly been put on hold. The Indian government recently declared its intention to privatize a number of public sector banks. However, since the PSU Banks are now profitable and have exhibited strong performance, the idea has been delayed.
The following are the primary causes of the delay in bank privatization:
Public Trust in PSU Banks and Bank Unions
In recent years, PSBs have reported strong financial growth, even outperforming some private banks. Their combined net profit surged to ₹1.41 lakh crore in 2023-24, up from ₹1.05 lakh crore in 2022-23.
Experts had predicted that following the conclusion of the general elections in May 2024, the government would move forward with the privatization of PSU Banks. However, this did not occur. In line with the new Public Sector Enterprise (PSE) policy, which sought to restrict the number of public-sector players in vital industries to four, Finance Minister Nirmala Sitharaman had first declared plans to privatize two PSBs in the Union Budget for 2021–2022. The decision was also meant to encourage general growth and increase competition in the banking industry.
However, the government has yet to finalise the necessary amendments to key laws, including the Banking Companies (Acquisition and Transfer of Undertakings) Acts of 1970 and 1980 and the Banking Regulation Act of 1949, which are required to facilitate privatisation.
The government finds it difficult to privatize PSU banks. These are very big banks and are vital for the growth of the Indian Economy. Additionally, Indians have faith in public-sector banks. The government and high-ranking officials may have changed their minds in the wake of YES Bank's demise and the current bad press regarding IndusInd Bank.
The government has direct control over a number of economic factors through public sector banks. Additionally, through a number of government-sponsored initiatives, the government has brought these public sector banks and the general public together. Private sector banks prioritize making money, and there is concern that they may not be as interested in supporting government initiatives.
Aside from this, employees and bank unions have strongly opposed the privatization plan. Unions contend that by directing public savings into priority industries like agriculture, PSU Banks contribute significantly to the development of the country. India's economy has developed quickly because of these institutions. Strikes against privatization have been threatened by bank unions. This persistent opposition is said to be a major factor in the government's reluctance to proceed with its plans for privatization.
There is a lot of talk about the new PLI scheme that banks have created for senior personnel. A few days ago, UFBU wrote to IBA requesting that banks delay the introduction of the new PLI scheme. The IBA has now been directed by the Chief Labour Commissioner to request that banks halt the new PLI Scheme. The new PLI scheme, according to bank employees, is discriminatory. Scale IV and higher officers will receive nearly double their wage, while Scale 1, Scale 2, and Scale 3 officers will receive the standard PLI.
Grade
PLI Ceiling as % of Annual Basic Pay
EDs and MDs of Nationalised Banks, DMDs, MDs, and Chairman of SBI
100%
Scale VII and Scale VIII
90%
Scale V and Scale VI
80%
Scale IV
70%
Please refer to the letter No. Nil dated 26.03.2025 of UFBU addressed to you, endorsing a copy thereof to this office along with others in connection with conciliation proceedings dated 18th and 21st March 2025 in File No. 21(17)/2025-IR of CLC(C). The contents of the letter of UFBU are self-explanatory.
For not adhering to certain RBI regulations, Punjab & Sind Bank has been fined ₹68.20 lakh by the Reserve Bank of India (RBI). The penalty was imposed in accordance with Sections 47A(1)(c), 46(4)(i), and 51(1) of the Banking Regulation Act of 1949.
Based on the bank's financial status as of March 31, 2023, RBI carried out a Statutory Inspection for Supervisory Evaluation (ISE 2023) in 2023.
The following areas showed non-compliance with RBI's instructions during the inspection:
Failure to disclose significant Exposures: In order to track significant common exposures across banks, the bank failed to disclose borrowers with non-fund-based exposure of ₹5 crore and above to the Central Repository of Information on Large Credits (CRILC).
Inconsistencies in Savings Bank Accounts: In violation of RBI regulations on financial inclusion, the bank permitted some holders of Basic Savings Bank Deposit Accounts (BSBDAs) to open additional BSBDAs.
After detecting these violations, RBI issued a show-cause notice to Punjab & Sind Bank, asking for an explanation. The bank submitted its reply, additional clarifications, and oral representations during a personal hearing. However, after reviewing the bank’s responses, RBI determined that the charges were valid, leading to the imposition of the penalty.
The Government of India has authorized the establishment of new senior-level roles in Public Sector Banks (PSBs), a major move intended to bolster the banking industry. It is anticipated that this action will improve asset management, increase the effectiveness of nationalized banks, and give bank workers better career options.
Shri Pankaj Chaudhary, the Minister of State for Finance, gave information on the newly created roles and the updated process for determining the number of senior positions in nationalized banks during the Rajya Sabha discussion of the decision. In five nationalized banks where the position was previously unattainable, the government has authorized the creation of the Chief General Manager (CGM) position. These financial institutions are:
1. Bank of Maharashtra 2. Central Bank of India 3. Indian Overseas Bank 4. Punjab & Sind Bank 5. UCO Bank
Until now, these banks did not have a Chief General Manager (CGM) post, which serves as an important leadership position just below the Executive Director (ED) level.
The CGM post has already been available in other Public Sector Banks (PSBs), and its introduction in these five banks will ensure a more uniform administrative structure across the banking sector. The new CGM positions in these banks will be introduced from October 2024 onwards.
Apart from introducing CGM posts, the government has also revised the methodology for calculating the number of senior-level positions in PSBs. This revision affects the following positions:
Chief General Manager (CGM), General Manager (GM), Deputy General Manager (DGM), Assistant General Manager (AGM)
The number of these posts has been determined based on the business size of each bank as of March 31, 2023. The revision aims to ensure that banks have the right leadership structure to manage their operations efficiently.
Let’s have a look at the number of posts – how many CGM, GM, DGM, AGM posts are available in different banks. The maximum number of posts are available in Punjab National Bank and Bank of Baroda. The number of posts vary according to the size of business of Bank.
Bank Name
CGM
GM
DGM
AGM
Punjab & Sind Bank
4
16
48
144
Bank of Maharashtra
8
32
96
288
UCO Bank
8
32
96
288
Indian Overseas Bank
8
32
96
288
Central Bank of India
8
32
96
288
Bank of India
12
48
144
432
Indian Bank
11
44
132
396
Union Bank of India
20
80
240
720
Canara Bank
21
84
252
756
Punjab National Bank
22
88
264
792
Bank of Baroda
22
88
264
792
This new structure will ensure that banks have sufficient leadership at different levels to handle their growing operations effectively.
The Indian banking sector has been growing rapidly, with increasing loan disbursements, rising customer demand, and digital banking advancements. To keep up with this growth, banks need strong leadership and better management structures.
Earlier, the number of senior positions was not aligned with the expanding business size of banks. This led to workload imbalances, slower decision-making, and operational inefficiencies.
By introducing new CGM positions and revising the number of GMs, DGMs, and AGMs, the government is ensuring that banks have the right number of senior officials to handle operations efficiently.
This move is also in line with the government’s efforts to:
1. Strengthen public sector banks and make them more competitive.
2. Improve the financial health of banks by ensuring better monitoring of assets and loans.
3. Support economic growth by making banking services more efficient.
The government’s decision to introduce new senior-level positions in public sector banks is a major step toward strengthening India’s banking system. By ensuring better management, improved supervision, and stronger leadership, this move will help banks become more efficient, financially stable, and customer-friendly.
With the new Chief General Manager (CGM) positions and revised senior-level post structure, nationalized banks are expected to see better operational efficiency, improved risk management, and stronger career growth opportunities for employees.
This change will not only benefit bank employees but also enhance banking services for customers across India, ensuring that the public sector banking system remains strong, efficient, and well-managed in the years to come.
