Why More than 10,000 IOBOA bankers have joined NOBO-BMS


Over 10,000 officers from the AIBOC-affiliated Indian Overseas Bank Officers' Association (IOBOA) joined NOBO, which is connected to the Bharatiya Mazdoor Sangh (BMS). NOBO-BMS formally described the connection as a significant contribution to its expanding network, while IOBOA explained the rationale for its choice.


With the Indian Overseas Bank Officers' Association (IOBOA) choosing to switch from AIBOC to NOBO-BMS, there has been a significant realignment in the banking trade union scene. The IOBOA asserts that over 10,000 officers are members.


There were two different messages in conjunction with the development. IOBOA cited organizational factors and recent experiences in pursuing officers' grievances as justifications for its decision to depart AIBOC. In the other, NOBO-BMS officially welcomed IOBOA and said that the affiliation was a significant contribution to its expanding network of organizations in the banking industry. The action coincides with continuing conversations in the banking industry about employee welfare, pension concerns, growing workloads, staffing shortages, transfers, and compliance demands.


IOBOA informed its members that the decision was based on a more comprehensive evaluation of the efficacy of its current affiliational arrangement rather than a single occurrence.


 The group cited incidents involving its labor conflicts and agitation programs from earlier this year, when it used its current organizational structure to seek assistance and involvement. IOBOA stated that many members believed the amount of organizational response, coordination, and visible action available throughout crucial periods of the campaign did not completely fulfill expectations, despite acknowledging the solidarity received from many unions and individuals.


The association claims that these experiences led its Executive Committee to conduct an unbiased assessment of its future organizational requirements. The committee came to the conclusion that when collective action was needed, IOBOA needed more institutional support, broader representational space, improved organizational responsiveness, and more efficient follow-up on officer-related matters.


The association also clarified that the proposed transition was not intended to diminish its independent identity. It assured members that its constitution, democratic structure, assets and organisational character would remain unchanged, with the affiliation shift aimed solely at strengthening representation and support mechanisms.


Why IOBOA Chose NOBO-BMS

Explaining the rationale behind its decision, IOBOA said NOBO offered a more responsive and participative organisational framework capable of addressing both present and future challenges faced by officers.


The association noted that NOBO remains a constituent organisation of the United Forum of Bank Unions (UFBU), ensuring continued participation in industry-level negotiations, wage revision discussions and service-condition matters affecting bank employees.


IOBOA further highlighted the wider organisational reach available through the Bharatiya Mazdoor Sangh network, stating that the broader framework could provide stronger institutional support, improved coordination and greater representational effectiveness for officers.


The association expressed confidence that the new affiliation would result in stronger organisational support, better responsiveness on officer-related issues, enhanced visibility of concerns raised by members and improved preparedness for future challenges.


NOBO-BMS Extends Warm Welcome

In a separate letter dated June 6, 2026, NOBO-BMS formally welcomed IOBOA into its fold, describing the affiliation as a significant milestone in the shared mission of protecting the rights and interests of bank officers.


The organisation said IOBOA's entry strengthened its efforts to build a wider platform for officer representation and reaffirmed its commitment to supporting officers across the banking industry. NOBO-BMS emphasised its philosophy of collective action, organisational solidarity and national-level representation.


The federation also highlighted its role within the broader BMS structure, its participation in labour forums and its involvement in discussions relating to banking-sector issues, wage settlements and policy matters affecting employees.


Referring to recent interactions with government authorities and labour institutions, NOBO-BMS said it remains committed to pursuing issues concerning bank officers and retirees while working towards improved workplace conditions, work-life balance and employee welfare.


With IOBOA formally deciding to end its affiliation with AIBOC and align with NOBO-BMS, the association has described the move as part of a broader organisational realignment aimed at strengthening representation and support for its members. Meanwhile, NOBO-BMS has welcomed IOBOA into its fold, marking the beginning of a new chapter in the association’s organisational journey within the banking officers’ movement.

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RBI imposes monetary penalty on this PSU Bank


Canara Bank has been fined ₹41.80 lakh (Rupees Forty One Lakh Eighty Thousand Only) by the Reserve Bank of India (RBI) as follows:


Within the allotted time, the bank failed to upload some customers' KYC records to the Central KYC Records Registry (CKYCR).


Even though the last customer-induced transaction in certain accounts was less than a year old, the bank labeled those accounts as inoperative.


In a different update, Puran Associates Private Limited was fined ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) by the Reserve Bank of India (RBI) for failing to reclassify some accounts as "non-performing assets" during restructuring.

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Female Chief Manager in PSU Bank alleges Harassment by Deputy Zonal Manager


A startling instance of sexual harassment has surfaced at Indian Bank. Sadhna Dubey, a female chief manager, has made startling accusations against Vijay Shankar Thakur, the deputy zonal manager of the Indian Bank Nagpur region.She claimed to be a Chief Manager in the Credit Department and that the Deputy Zonal Manager had been harassing her on a regular basis. She claims that despite her repeated complaints to higher authorities, nothing has been done.


She said the Deputy Zonal Manager regularly summons her to his cabin and keeps an eye on her via CCTV cameras. She further claimed that he mistreats her, disparages her, and speaks poorly of her.


She claims that the alleged harassment has negatively impacted her health and personal life. She said that because of the stress brought on by the harassment, she miscarried and lost her desire to have children. She further claimed that the Deputy Zonal Manager once called her to his cabin after a top official called, telling her that the DGM wanted to talk to her because he liked her.

She claimed that the Deputy Zonal Manager wanted to know who she was speaking to and asked her to display the specifics of her phone conversations. Additionally, she said that every time someone came to see her, he would inquire about their identity and the topics they had talked.


She asserted that the Deputy Zonal Manager disregards women and is unaware of his boundaries. She also urged female employees to file police complaints when organizations fail to address their problems and to take action against such persons.


Indian Bank should take severe measures against the accused officer in line with company policy and the law if these accusations are proven to be accurate. It is the duty of every organization to give female employees a respected, safe, and dignified work environment. In these situations, prompt and equitable action is crucial to preserving employee trust and guaranteeing that harassment occurrences are not accepted.

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This PSU Bank pays Rs 969.64 Crore Dividend to Government of India for FY26



The Indian government received a dividend of Rs 969.64 crore from the Central Bank of India for FY26. For the fiscal year 2025–2026, the Central Bank of India announced and paid its fourth interim dividend at a rate of 6%. As a result, the bank's total interim dividend for FY 2025–2026 has reached 12%, with the first three quarters of the fiscal year seeing the declaration of a 6% interim dividend. The Government of India would get ₹969.64 crore in total dividend payments for FY 2025–2026.


Shri Kalyan Kumar, Managing Director and CEO of Central Bank of India, along with Executive Directors Shri M. V. Murali Krishna, Shri Mahendra Dohare and Shri E. Ratan Kumar, today presented the fourth interim dividend cheque of ₹484.82 crore payable to the Government of India to Union Finance Minister Nirmala Sitharaman at the Ministry of Finance in New Delhi. The cheque presentation ceremony was also attended by Smt. Shalini Pandit, Joint Secretary, Department of Financial Services, Ministry of Finance, Government of India, and Shri Shishram Tundwal, General Manager, Central Bank of India.


Banks pay dividends to distribute a part of their profits to shareholders. When a bank earns a profit, it does not keep the entire amount for itself. A portion of the profit may be paid to shareholders as a dividend, while the remaining amount is retained for business growth, capital requirements, and future operations. In the case of public sector banks, the Government of India is usually the largest shareholder. Therefore, when a bank declares a dividend, a significant portion of the dividend is paid to the government. Dividend payments also reflect the bank’s strong financial performance and provide income to shareholders for their investment in the bank.

The Government shareholding in Banks is as follows:

Bank NameGovt Stake (Dec 25)Govt Stake (June 24)
State Bank of India55.50%57.54%
Canara Bank62.93%62.93%
Bank of Baroda63.97%63.97%
Punjab National Bank70.08%70.08%
Bank of India73.38%73.38
Indian Bank73.84%73.84%
Union Bank of India74.76%74.76%
Bank of Maharashtra73.60%86.46%
UCO Bank90.95%95.39%
Central Bank of India89.27%93.08%
Indian Overseas Bank92.44%96.38%
Punjab & Sind Bank93.85%98.25
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Top Indian Banks & Their Mobile Banking Apps: Latest Ratings and Reviews in 2026



Digital banking in India is growing rapidly, and mobile banking apps have become one of the most important services offered by banks today. From fund transfers and bill payments to UPI transactions and investment services, banking apps are now an essential part of daily life for millions of customers.


In this article, we take a look at some of the top Indian banks, their official mobile banking apps, and their latest Google Play Store ratings and review counts.


Public Sector Banks (PSBs)


Public sector banks have significantly improved their digital banking platforms over the last few years.


* State Bank of India – YONO SBI – 4.2★ (3M reviews)

* Bank of Baroda – bob World – 4.3★ (1M reviews)

* Punjab National Bank – PNB ONE – 4.3★ (1M reviews)

* Canara Bank – Canara ai1 – 4.4★ (1M reviews)

* Union Bank of India – Union Ease – 3.0★ (816K reviews)

* Bank of India – BOI Mobile Omni Neo Bank App – 4.0★ (150K reviews)

* Indian Bank – IndSMART – 4.3★ (698K reviews)

* Central Bank of India – Cent Mobile – 3.6★ (139K reviews)

* Indian Overseas Bank – IOB VYOM – 4.3★ (20K reviews)

* UCO Bank – mPassbook / UCO mBanking Plus – 4.7★ (342K reviews)

* Bank of Maharashtra – Zen-lyfe – 3.0★ (6K reviews)

* Punjab & Sind Bank – PSB UniC – 4.4★ (22K reviews)


Major Private Sector Banks


Private banks continue to dominate in terms of user experience, ratings, and app innovation.


* HDFC Bank – HDFC Bank MobileBanking – 4.7★ (1M reviews)

* ICICI Bank  – iMobile Pay – 4.6★ (6M reviews)

* Axis Bank – Axis Mobile – 4.8★ (3M reviews)

* Kotak Mahindra Bank – Kotak Mobile Banking / Kotak 811 – 4.7★ (1M reviews)

* IndusInd Bank – IndusMobile – 4.6★ (703K reviews)

* YES Bank – IRIS – 4.7★ (133K reviews)

* IDFC FIRST Bank – IDFC FIRST Bank Mobile App – 4.9★ (2M reviews)

* IDBI Bank – Go Mobile+ – 4.6★ (321K reviews)

* Federal Bank – FedMobile – 4.5★ (196K reviews)

* South Indian Bank – SIB Mirror+ – 4.2★ (54K reviews)

* RBL Bank – RBL MyBank – 4.4★ (100K reviews)

* Karnataka Bank – KBL Mobile Plus – 4.6★ (220K reviews)

* Karur Vysya Bank – KVB DLite – 4.8★ (139K reviews)

* City Union Bank – CUB Mobile Banking – 4.2★ (29K reviews)


Key Observations


* IDFC FIRST Bank currently has one of the highest ratings at 4.9★.

* Axis Bank and Karur Vysya Bank also maintain excellent customer ratings at 4.8★.

* ICICI Bank’s iMobile Pay leads in review count with around 6 million reviews.

* PSU banks are improving rapidly in mobile banking services and digital adoption.

* Customers now prefer apps with smooth UI, quick UPI services, and reliable customer support.



Mobile banking has become the backbone of modern banking services in India. Banks are continuously upgrading their apps to provide secure, fast, and customer-friendly digital experiences.


Whether it is UPI payments, account management, online FD booking, or digital loan services, banking apps are shaping the future of Indian banking.

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Employee of Bank of Baroda(BoB) arrested for stealing Rs 8.70 crore


Harsiddh Kadiyar, a joint custodian for Bank of Baroda, was detained by the Ahmedabad Police on Friday on suspicion of embezzling Rs 8.70 crore from the bank. According to reports, Kadiyar, who had been employed by the bank for the previous fifteen years, acknowledged that he stole in order to support an opulent lifestyle.


Officials at the bank's Kalupur branch, which also has a Reserve Bank of India (RBI) currency chest used to transfer money to other banks, uncovered the alleged theft after discovering that 174 bundles of Rs 500 notes worth Rs 8.70 crore were missing from the vault. Chief custodian Sanjay Sharma and joint custodian Harsiddh Kadiyar oversaw the vault.


After reviewing the CCTV footage, bank officials discovered that Kadiyar was observed leaving the bank on January 13 with many boxes. By claiming that the boxes contained trash that he was taking outdoors for disposal, he allegedly deceived his coworkers. He thought the CCTV film would be automatically erased after three months, so he kept working at the bank for about ninety days following the robbery.


The bank manager later filed a complaint at the local police station, after which the police started an investigation.


Police arrested Kadiyar soon after the complaint was filed. During questioning, he reportedly confessed to the crime.


According to the preliminary investigation, Kadiyar used the stolen money to buy a bungalow in Chandkheda worth more than Rs 2 crore, a shop worth Rs 1.40 crore, a small truck, and also invested some money in cryptocurrency.


He also allegedly gave Rs 28 lakh to a co-worker, Vaishali Ben. Police recovered Rs 2.20 crore in cash from an Ertiga car parked outside a house in Sola where Kadiyar was staying. The vehicle and his mobile phone have also been seized.


Following that time, Kadiyar claimed to be ill and quit going to work. He requested a five-day medical absence on April 13, but he didn't go back to work until April 20.

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Bank Ordered to Pay ₹2 Lakh PMSBY Insurance Claim Over ₹12 Premium Deduction Failure


The district consumer commission in Uttarkashi issued a ruling on April 25, 2022, which SBI appealed to the Uttarakhand state consumer commission.

The Uttarakhand State Consumer Disputes Redressal Commission has upheld an order directing the State Bank of India (SBI) to pay Rs 2 lakh insurance cover to the husband of a deceased woman enrolled in the Pradhan Mantri Suraksha Bima Yojana (PMSBY), holding that a bank cannot avoid responsibility after failing to deduct a nominal insurance premium despite a sufficient balance in the customer's account.


The district consumer commission, Uttarkashi, issued an order on April 25, 2022, directing the bank to pay the insured amount of Rs 2 lakh along with 6% annual interest starting on March 12, 2019, and litigation expenses of Rs 5,000 to complainant Govind Singh Rana. A bench consisting of Kumkum Rani, President, and B S Manral, Member, was hearing an appeal filed by SBI.


The consumer commission rejected SBI's appeal on May 19, stating that "there was a clear-cut deficiency in service on the part of the bank by not deducting the premium amount of Rs. 12/- from the account of the deceased on May 27, 2017, despite being a sufficient credit balance in her account."

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Bank of Baroda (BoB) Apprentice Recruitment for 5000 Posts


Bank of Baroda(BoB) has released the official notification for the engagement of Apprentices under the Apprentices Act, 1961. According to the notification, a total of 5000 apprenticeship seats have been announced for various States and Union Territories across India.

The Bank of Baroda Apprentice Recruitment 2026 notification was released on 19 May 2026. The online application process has started from 19 May 2026 and will continue till 8 June 2026. Interested and eligible candidates can submit their applications online through the official apprenticeship portals within the prescribed dates.

BOB Apprentice Recruitment 2026 Important Dates

  • Notification Release Date: 19 May 2026
  • Online Application Start Date: 19 May 2026
  • Last Date to Apply Online: 08 June 2026 till 11:59 PM
  • Fee Payment Last Date: 08 June 2026
  • Exam Date: To be released

BOB Apprentice Recruitment 2026 Educational Qualification

Post NameQualification
ApprenticeGraduation in any stream from a recognized university along with knowledge of the local language

BOB Apprentice Recruitment 2026 Vacancy Details

Post NameVacancies
Apprentice5000
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State Bank of India (SBI) Apprentice Recruitment for 7150 Posts


State Bank of India (SBI) has officially issued the Apprentice Recruitment 2026 notification under the Apprenticeship Act, 1961. The notification has been released by the Central Recruitment & Promotion Department, Corporate Centre, Mumbai.

As per the official schedule, the SBI Apprentice Notification 2026 was released on 19 May 2026, and the online application process will remain open from 19 May to 8 June 2026. Eligible Indian candidates can apply online through the official SBI apprenticeship portal within the prescribed dates.

SBI Apprentice Recruitment 2026 Important Dates

  • Notification Released: 19 May 2026
  • Online Application Start Date: 19 May 2026
  • Last Date to Apply Online: 08 June 2026 till 11:59 PM
  • Fee Payment Last Date: 08 June 2026
  • SBI Apprentice Exam Date: July 2026 (Tentative)

SBI Apprentice Recruitment 2026 Educational Qualification

Post NameQualification
ApprenticeGraduation in any stream from a recognized university along with knowledge of the local language

SBI Apprentice Recruitment 2026 Vacancy Details

Post NameVacancies
Apprentice7150
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Bank of India(BOI) Raises FD Rates Up to 7.60% for Super Senior Citizens, May 18, 2026


For balances under ₹3 crore, Bank of India has raised interest rates on its medium- and long-term fixed deposits. The updated prices go into effect on May 18, 2026.


In light of the present interest rate environment, the raise mainly covers deposit tenures between one and three years, providing depositors with larger returns.

Revised Fixed Deposit Rates (Less than ₹3 Crore)

 

Tenure                                    

General Public                        

Senior Citizens                      

Super Senior Citizens                       

1 Year to < 2 Years

     6.50%

7.00%

7.15%

2 Years to <3 Years

     6.60%

7.10%

7.25%

3 Years

     6.70%

7.20%

7.35%

 

 

Additional Benefits:

  • For deposits of 3 years and above, Senior Citizens will get an extra 0.75% p.a. and Super Senior Citizens 0.90% p.a. over the card rates.

  • Non-callable deposits (above ₹1 crore with minimum tenure of 1 year) will earn an additional 0.15% p.a.

  • Senior/Super Senior Citizen additional rates apply on tenures from 6 months to less than 3 years as per the new structure.

Important Notes:

  • Loan against Fixed Deposit facility and premature withdrawal are available only on callable deposits.

  • Customers can open these Fixed Deposits at any Bank of India branch or digitally through the BOI Omni Neo App and Internet Banking.

 

Why This Matters

With RBI’s repo rate stance and softening inflation, several banks are selectively hiking FD rates to attract longer-term deposits. Bank of India’s latest revision makes its 2-3 year deposits quite competitive, especially for senior citizens who can now earn up to 7.60% on longer tenures.

Best For:

  • Retirees looking for stable monthly/quarterly income

  • Conservative investors seeking safety with higher returns

  • Those planning to park funds for 1-3 years

Retail depositors are advised to compare rates across banks before booking, as small differences in rates can significantly impact returns on large deposits.


For more details visit https://bankofindia.bank.in


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