Bank Employee Suicide, Family Alleges Workplace Harassment

 


A senior ICICI Bank employee, Vivek Samdarshi, allegedly died by suicide in Bengaluru, with his family accusing top bank officials of workplace harassment and excessive work pressure. Concerns regarding toxic work environments in corporate settings have been raised by the incident.


Vivek Samdarshi, the deceased, was the Regional Head of Sales at ICICI Bank and had been working with the bank for over five years. His family claims that he was under immense stress due to alleged workplace harassment and unrealistic performance expectations set by his seniors.


His elder brother, Vikash Samdarshi, has formally submitted a police case at Thalaghattapura Police Station, naming Raghu Kumar (Regional Head, ICICI Home Loan Department) and John Joseph (Zonal Head, ICICI Bank Home Loan Department) as the individuals allegedly responsible for abetting his suicide.


According to the complaint, Vivek had constantly confided in his family about the intense strain and ongoing humiliation he was enduring at work. Raghu Kumar, according to his brother, made demeaning comments, telling Vivek, "If you can't perform, you should die." John Joseph is accused of encouraging such toxic behavior instead of addressing these issues, which made Vivek's conditions worse.


The tragedy transpired in the early hours of March 7, 2025. Around 3 am, Vikash Samdarshi received a frightening phone call, notifying him that his brother was in critical condition. Despite prompt medical attention, Vivek succumbed to his injuries later that day. He was reported dead at 11:30 pm at DHEE Hospital.


The police have registered a case and are currently investigating the allegations against the bank officials. ICICI Bank hasn't yet released an official statement about the incident or the family's allegations, though.



Anna Sebastian Perayil, a 26-year-old employee of Ernst & Young in Pune, committed suicide a few months prior to this tragic incident. In public, Anna's mother had claimed that her daughter's death was brought on by a "excessive workload." Ernst & Young offered their sincere condolences after the incident and reaffirmed their commitment to improving working conditions in all of their Indian offices.


Vivek Samdarshi’s story has once again raised serious questions about job stress, harassment, and mental health difficulties in corporate organizations. According to experts, businesses should be proactive in preventing toxic workplace cultures and offering high-pressure workers mental health support.


The investigation into Vivek’s death is ongoing, and his family continues to demand strict action against those responsible.
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Banks must continue to innovate & transform: FM


On Friday, Nirmala Sitharaman, the finance minister, urged banks to embrace innovation and digital transformation, highlighting the necessity of adjusting to shifting consumer demands and technology breakthroughs.


She made the following statement during a State Bank of India (SBI) ceremony when she electronically opened 70 new branches and 501 female customer service locations nationwide: "With a legacy spanning 218 years, SBI symbolises resilience, trust, and a relentless digital-first approach."


She emphasized that through its efforts in digital banking, financial inclusion, and rural development, SBI has had an impact on society in addition to its financial success. In order to keep its position as the industry leader, she urged SBI to keep embracing technology and sustainability.


"The banking industry needs to keep innovating and taking the lead as the world changes quickly.  "I have faith that SBI will be able to handle the situation," she stated.


 Sitharaman pointed out that the banking industry in India is growing in spite of a shifting regulatory landscape and heightened competition from fintech companies and other newcomers.  "Institution like SBI must continue to innovate with the rise of tech-savvy customers and their demand for personalized, on-the-go banking," she stated, adding that change should be viewed as a continuous process.


 The minister also emphasized the bank's support to economic growth and its role in carrying out a number of significant government programs.
 
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Bank of India(BOI) Specialist Officer (SO) Recruitment 2025 for 180 Posts

 


Bank of India (BOI), a prominent public sector bank, has released a notification for the recruitment of Specialist Officers (SO) across various disciplines up to Scale IV. Eligible candidates can submit their online applications from March 8, 2025, to March 23, 2025.


Bank of India SO Recruitment 2025 Overview

OrganizationBank of India (BOI)
Advt. No.Project No. 2024-25/1
Post NameSpecialist Officer (SO)
Vacancies180
Job LocationAcross India
Mode of ApplicationOnline
Last Date to Apply23 March 2025
CategoryOnline Exam and/or Interview
Official Websitewww.bankofindia.co.in

Bank of India SO Recruitment 2025 Important Dates

  • Online Application Start Date: 8 March 2025
  • Last Date to Apply: 23 March 2025 (till 11:59 PM)
  • Last Date for Fee Payment: 23 March 2025
  • Exam Date: To be released

Bank of India SO Recruitment 2025 Application Fees

  • General / Others: ₹850/-
  • SC / ST / PWD: ₹175/-
  • Mode of Payment: Online

Bank of India SO Recruitment 2025 Age Limit

  • Minimum Age: 25 Years
  • Maximum Age: 32-35 Years (Post Wise)
  • Age Limit as on 01/01/2025
  • The age relaxation will be given as per the rules.

Bank of India SO Recruitment 2025 Educational Qualifications

Post NameQualification
Specialist OfficerCheck Notification

Bank of India SO Recruitment 2025 Vacancy Details

Post NameVacancies
Specialist Officer180 (UR-77, EWS-15, OBC-49, SC-24, ST-15)

Bank of India SO Recruitment 2025 Selection Process

The selection process for Bank of India SO Recruitment 2025 will consist of:

  • Written Exam
  • Personal Interview
  • Document Verification
  • Medical Examination

Bank of India SO Recruitment 2025 Exam Pattern

SubjectQuestionsMarksDuration
English Language252530 Mins
Professional Knowledge Relevant to the Post10010060 Mins
General Awareness with special reference to Banking Industry252530 Mins
Total1501502 Hours

Bank of India SO Recruitment 2025 Notification PDF & Apply Online 


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PSU banks increase their market share and surpass private lenders in loan growth

 


According to a report by Mint, India's public sector banks have surpassed their private sector counterparts in terms of lending growth, reclaiming some of the market share they had lost during the previous few years. In December, the loan book of public sector banks increased by 12.4% year over year, while that of private banks increased by 10.5%. As of December 31, 53.5 percent of all loans were disbursed by state-run banks. The report, which referenced RBI data, stated that this is greater than their market share of 53.2% at the end of the September quarter. According to the survey, private lenders' market share fell from 41.8 percent in September to 41.5 percent in December.


Following years of decline, PSU banks' market share has somewhat increased. In June 2017, its market share was 66.7 percent; by June 2024, it had fallen to 53.1 percent. According to the research, this might have been exacerbated by its deteriorating asset quality and capital worries. 


 Public sector banks performed well in the first three quarters of the current fiscal year, according to the finance ministry on February 6. Their April-December net profit of Rs 1.29 lakh crore represented a 31.3 percent increase over the same period last year. With the net NPA ratio at 0.59 percent, the ministry also reported an improvement in asset quality.


According to the ministry, PSBs are well-capitalized and positioned to satisfy the credit needs of all economic sectors, with a focus on the infrastructure, MSME, and agricultural sectors. 


 Improved systems and procedures for credit discipline, the identification and resolution of stressed assets, responsible lending, better governance, financial inclusion programs, and technology adoption are just a few of the outcomes of policy and procedural changes. 


 These actions resulted in the banking industry's overall stability and long-term financial health, which is seen in the PSBs' current performance.

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Why Indian Stock Market is Falling down?

 


Experts say there is a rumor that the Indian banks' Q4 results may fall short of market expectations. The Q3FY25 results season was quite disappointing, and the market was unable to process this news given the existing circumstances, which resulted in increased selling in the Indian stock market on Friday. Banking stocks account for 30% of the Nifty 50 index's strength, and this decline is what caused the Nifty 50 and Sensex to decline.


Uncertainty Over Trump’s Tariff Policies

Fresh U.S. tariff concerns added to the market volatility. On Thursday, Donald Trump announced new tariffs:

25% tariffs on Canadian and Mexican imports (effective March 4, instead of April 2).

10% tariffs on Chinese goods.

A reaffirmation of 25% tariffs on European Union imports.

These unpredictable trade measures have created uncertainty for global markets, including India.


Impact of MSCI Index Rebalancing

The upcoming MSCI index reshuffling is also pressuring Indian markets. Anshul Jain, Head of Research at Lakshmishree Investment and Securities, explained that the rejig is causing fluctuations in trade volumes and fund flows, prompting both FIIs and DIIs to adjust their portfolios.


Concerns Over GDP Data

Investors are cautious ahead of India’s December quarter GDP data, which is set to be released after market hours on Friday. Analysts expect a rebound in economic growth, but concerns over slowing corporate earnings and foreign outflows continue to weigh on sentiment.


Reluctance Among Domestic Investors (DIIs)

Despite Foreign Institutional Investors (FIIs) aggressively selling stocks, Domestic Institutional Investors (DIIs) have not stepped in to support the market as they have in previous downturns. Avinash Gorakshkar of Profitmart Securities noted that DIIs are stuck at higher levels and are waiting for more clarity on market trends before making any major moves.


Pressure on IT Stocks

The global sell-off in technology stocks hit the Indian IT sector hard.The Nifty IT index plunged 3.2%.

Persistent Systems, Tech Mahindra, and Mphasis fell up to 4.5%.The drop followed a sharp decline in Nvidia’s stock on Wall Street, triggering a sell-off in AI-related companies, including the “Magnificent Seven” tech giants.



Strengthening US Dollar and Capital Outflows

The US dollar index climbed to 107.35, nearing multi-week highs, as trade war concerns fueled demand for safe-haven assets.A stronger dollar makes foreign investments more expensive, leading to capital outflows from emerging markets like India.

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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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DA increased for Bank Employees and Pensioners from Feb-2025, Complete Chart






On the basis of CPI data announced by the Govt for the months of Oct'24 to Dec'254 DA payable for the period Feb'25 to Apr'25 is 21.20% as per 12th BPS.





 

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SBI Concurrent Auditor Recruitment 2025 Notification Released for 1194 Posts


State Bank of India(SBI) Bank Concurrent Auditor Recruitment 2025:  1,194 concurrent auditor posts are being filled on a contractual basis by the State Bank of India (SBI). On February 18, 2025, the official announcement for the SBI Concurrent Auditor Recruitment 2025 was released. Applications can be submitted online between February 18, 2025, and March 15, 2025.


Important Dates

  • Apply Online Start Date : 18 February 2025
  • Last Date to Apply : 15 March 2025
  • Interview Date: To be released


Application Fee

  • Gen / OBC / EWS : Rs. 0/-
  • SC / ST / PH : Rs. 0/-
  • Mode of Payment : Not Applicable


SBI Bank Concurrent Auditor Recruitment 2025 Age Limit

  • Minimum Age : Na
  • Maximum Age : 65 Years
  • Age Limit as on 18/02/2025
  • The age relaxation will be given as per the rules.


Educational Qualification

Post NameQualification
Concurrent AuditorRetired Bank Person as MMGS-III, SMGS-IV/V & TEGS-V Officer. Please check notification PDF for more details.


SBI Bank Concurrent Auditor Recruitment 2025 Vacancy Details

Post NameVacancy
Concurrent Auditor1194


SBI Bank Concurrent Auditor Recruitment 2025 Selection Process

The SBI Bank Concurrent Auditor Recruitment 2025 selection process includes the following stages:

  • Shortlisting
  • Interview
  • Document Verification
  • Medical Examination


How to Apply for SBI Bank Concurrent Auditor Recruitment 2025

To apply for the SBI Concurrent Auditor Recruitment 2025, follow these steps:

  • Visit the official SBI careers website.
  • Register and complete the online application form.
  • Upload the necessary documents, including a photograph, signature, and ID proof.
  • Submit the application form before the deadline.



Notification PDF  -    Click Here

Apply Online      -      Click Here

Official Website  -     Click Here


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