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There is a big sad news for the banking fraternity. A 24-year-old woman (Sonali Sharma) working in a Bank, has committed suicide by hanging herself in Shahpura. She was transferred to Bhopal 3 months ago. The reason for the suicide is not known. The police investigating is going on and more details are expected to be released soon.
Punjab & Sind Bank employees' unions have *deferred their nationwide strike* scheduled for May 19, 2025, following a conciliation meeting with management on May 14. The strike was initially called to protest against the bank’s *new Transfer Policy* and lack of transparency in the *Promotion Policy*. Key outcomes from the meeting: - Management agreed to meet the unions within a week to discuss possible *modifications to the Transfer Policy*. - Unions demanded greater *transparency in promotions*, including the release of interview and group discussion scores. - Concerns were also raised over the **misuse of disciplinary actions*. The next conciliation meeting is scheduled for *May 26, 2025*. The unions remain alert and warned that the strike may still proceed if management issues orders before further talks. Union leaders urged members to stay united and prepared.
*ED Arrests UCO Bank Former MD in Kolkata for Rs.1,400 Crore Bank Loan Scam* The Enforcement Directorate (ED) has arrested Subodh Kumar Goyal, former Chairman and Managing Director of UCO Bank, in connection with a ₹1,400 crore bank loan fraud. The arrest took place in New Delhi, and Goyal was later brought to Kolkata on transit remand. The case centers around Kancast Steel, a company that allegedly diverted a ₹1,400 crore loan obtained from UCO Bank to fake companies instead of using it for legitimate business purposes. Investigators believe Goyal played a key role in the fraud and benefited financially from the scam, in collusion with Kancast Steel officials. The ED has already taken action against Kancast Group owner Sanjay Kumar Surekha, seizing properties worth ₹210 crore and recovering ₹2 crore in cash and ₹4.5 crore in jewellery during a raid last December. Surekha was also arrested earlier this year. The investigation is ongoing, with authorities aiming to uncover the full extent of the fraud and hold all involved accountable.
The Managing Director and Chief Executive Officer of Punjab National Bank spoke about issues related to Human Resources (HR): "In our bank, several reforms have been made in the field of human resource management. Through Project 'Udaan', we have adopted a new HR ecosystem, the aim of which is to bring transparency in all aspects of HR management, including transfers and performance appraisal." He also mentioned that the entire career journey of every officer or employee joining the bank is being mapped. Leadership development programs have been launched, and certified coaches from the International Coaching Federation are also providing coaching to the bank’s senior officers. Speaking further about the future, he said that in the financial year 2025–26, the bank will focus on multiple fronts — customer-centric banking, improvement in the ambience of branches and ATMs, strengthening presence in 100 districts, and achieving 66% of the country's CASA. Additionally, improvements in products and processes, increasing market share in RAM, boosting non-interest income, optimizing costs, strengthening the technical infrastructure, setting up a data analytics center, enhancing cybersecurity, and preparing the organization for ESG and climate risk are among the key areas of focus. He also emphasized that compliance and good conduct will form the foundation of the bank’s growth. Issues like transparency in HR have already been addressed. Maximizing loan recovery and preventing fresh NPAs (Non-Performing Assets) are also part of the bank’s priorities. In this way, the bank is now entering a new phase. Whether these policies will deliver real results — only time will tell.