Individuals who are self-employed or work on a personal basis are now eligible to apply for Enhanced Disclosure and Barring Service (DBS) checks.

Jan 20, 2026

Significant legislative changes are coming into effect on January 21, 2026, regarding Disclosure and Barring Service (DBS) checks for self-employed individuals and personal employees. Currently, self-employed people can only apply for Basic DBS checks, and if they require an Enhanced check, an employing organization must apply on their behalf....

JPBEF announces the election of its new leadership team

Jan 18, 2026

The Jammu Province Bank Employees Federation (JPBEF) recently concluded its 4th conference at the Indian Institute of Public Administration in Jammu. The two-day event was attended by approximately 150 delegates and observers from various affiliated bank unions and units across the Jammu region. The conference began with an inaugural session,...

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Small Finance Banks Poised for 24% Surge: The Future Challengers to HDFC Bank’s Throne?

Jan 17, 2026

The small finance bank (SFB) sector in India is experiencing significant growth, with loan books expanding at a compound annual growth rate (CAGR) of 20-25%. This growth is driven by lending to small businesses, housing, and vehicles, as well as an increase in deposit mobilization. The sector is expected to reach total advances of over ₹2...

Sanjay Agarwal: AU Bank achieved a tenfold growth, defying challenges from the COVID pandemic, interest rate fluctuations, and the NBFC crisis.

Jan 13, 2026

Sanjay Agarwal, MD and CEO of AU Small Finance Bank, reflected on the bank's remarkable growth over the past nine years, during which its balance sheet has expanded tenfold. Despite navigating challenges such as the COVID-19 pandemic, high interest rates, and non-banking financial company (NBFC) crises, the bank has demonstrated resilience and...

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Kotak Mahindra Bank Names Anup Kumar Saha as Whole Time Director

Jan 16, 2026

Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Saha will join the bank's senior management team on January 12, 2026, and will oversee Consumer Banking, Marketing, and Data Analytics functions. He brings with him a wealth of experience in the financial sector, having...

Kotak Mahindra Bank bolsters its leadership roster with the appointment of Anup Kumar Saha as Whole-time Director, enhancing its top-tier management team

Jan 12, 2026

Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Saha will join the bank's senior management team on January 12, 2026, and will be responsible for overseeing consumer banking, marketing, and data analytics functions. He brings with him a wealth of experience in the...

Anup Kumar Saha joins Kotak Mahindra Bank as Whole-Time Director

Jan 12, 2026

Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director, pending regulatory approvals. Effective January 12, 2026, Saha will join the bank's Senior Management team as Whole-time Director (Designate). He will be responsible for overseeing consumer banking and digital functions, with a focus on enhancing the bank's customer-centric...

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Next week’s Q3 earnings calendar: BHEL, Indigo, Kotak Bank, BPCL, and Adani Green are among the top companies set to announce their financial results for 2026.

Jan 18, 2026

The third quarter (Q3) earnings season for the fiscal year 2026 is set to begin, with several prominent companies scheduled to declare their financial results next week. Some of the notable companies that will be announcing their Q3 earnings include BHEL, Indigo, Kotak Bank, BPCL, and Adani Green. Bharat Heavy Electricals Limited (BHEL): The...

Kotak Mahindra Bank Names Anup Kumar Saha as Whole Time Director

Jan 16, 2026

Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Saha will join the bank's senior management team on January 12, 2026, and will oversee Consumer Banking, Marketing, and Data Analytics functions. He brings with him a wealth of experience in the financial sector, having...

Kotak Mahindra Bank bolsters its leadership roster with the appointment of Anup Kumar Saha as Whole-time Director, enhancing its top-tier management team

Jan 12, 2026

Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Saha will join the bank's senior management team on January 12, 2026, and will be responsible for overseeing consumer banking, marketing, and data analytics functions. He brings with him a wealth of experience in the...

Anup Kumar Saha joins Kotak Mahindra Bank as Whole-Time Director

Jan 12, 2026

Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director, pending regulatory approvals. Effective January 12, 2026, Saha will join the bank's Senior Management team as Whole-time Director (Designate). He will be responsible for overseeing consumer banking and digital functions, with a focus on enhancing the bank's customer-centric...

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JPBEF announces the election of its new leadership team

Jan 18, 2026

The Jammu Province Bank Employees Federation (JPBEF) recently concluded its 4th conference at the Indian Institute of Public Administration in Jammu. The two-day event was attended by approximately 150 delegates and observers from various affiliated bank unions and units across the Jammu region. The conference began with an inaugural session,...

Eight banks, including PNB, Indian Bank, ICICI Bank, and Jana SFB, have revised their fixed deposit rates, with seniors now eligible for up to 8.00% interest.

Jan 4, 2026

The Indian government has maintained the interest rates for small savings schemes for the last quarter of the fiscal year 2024-25. However, several banks have reduced their fixed deposit (FD) rates. In the week ending January 3, 2026, eight banks, including Punjab National Bank (PNB), Indian Bank, and ICICI Bank, among others, revised their FD...

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Next week’s Q3 earnings calendar: BHEL, Indigo, Kotak Bank, BPCL, and Adani Green are among the top companies set to announce their financial results for 2026.

Jan 18, 2026

The third quarter (Q3) earnings season for the fiscal year 2026 is set to begin, with several prominent companies scheduled to declare their financial results next week. Some of the notable companies that will be announcing their Q3 earnings include BHEL, Indigo, Kotak Bank, BPCL, and Adani Green. Bharat Heavy Electricals Limited (BHEL): The...

Ganesh Sankaran takes the helm as Head of Wholesale Banking Group at IndusInd Bank

Dec 10, 2025

IndusInd Bank has appointed Ganesh Sankaran as the Head of its Wholesale Banking Group. Sankaran is a seasoned banking professional with over three decades of experience in various areas, including wholesale, retail credit, and SME. He will be responsible for developing the bank's strategy and business in key areas such as corporate banking,...

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Canara Bank, established in July 1906 by Shri Ammembal Subba Rao Pai in Mangalore, Karnataka, is one of India's largest public sector banks. Nationalized in 1969, it has significantly expanded its operations, now serving over 116.5 million customers through nearly 10,000 branches and over 12,000 ATMs across India and abroad. The bank is recognized for its customer-centric approach and innovation, having introduced several pioneering services such as the Inter-City ATM Network and exclusive banking branches for women. With a strong commitment to social responsibility and rural development, Canara Bank has evolved into a major financial conglomerate with numerous subsidiaries and a diverse range of banking products and services.
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After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

Jan 5, 2026

The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest public sector bank, State Bank of India (SBI), added 3,930 employees to reach 2,36,226 in FY25. SBI plans to hire 18,000 more employees in FY26, including 13,500 clerical posts and 3,000 probationary officers.

The government’s consolidation efforts, which began in 2017 with the merger of five associate banks with SBI, have continued with the merger of 12 banks into four larger entities in 2020. There are talks of a third wave of mergers to reduce the total number of banks to four core anchors. Recently, SBI hired over 1,000 probationary officers and plans to continue hiring.

Among other public sector banks, Punjab National Bank added 397 employees to reach 1,02,746, while Central Bank of India saw a marginal uptick in employee count to 33,081. However, Bank of Baroda and Canara Bank saw a decline in employee count. In the private sector, ICICI Bank saw a significant decline of 7.13% in employee count to 1,30,957, while HDFC Bank added 994 employees to reach 2,14,521. Axis Bank added 121 employees to reach 1,04,453.

The overall headcount in the banking system rose to 18,08,587 from 17,87,566 in FY24. Foreign banks’ employee count stood at 28,041, while small finance banks had 1,77,797 employees, with AU Bank being the largest employer with 50,946. The payments banks had 6,958 employees. The banking sector’s employee count is expected to continue to evolve with the ongoing consolidation and technological advancements.

Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.

Dec 27, 2025

Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms.

State Bank of India (SBI), the country’s largest lender, has been offering 6.25% returns on FDs with a tenure of one year to less than two years, and 6.40% for two to less than three years. Senior citizens receive higher returns, with 6.75% on one-year to two-year FDs and 6.90% on two-year to less than three-year FDs. These changes took effect on December 15.

HDFC Bank, another major player, introduced new interest rates on December 17. The bank offers 6.25% for one-year tenures, 6.35% for 15 months to less than 18 months, and 6.45% for two years. Senior citizens are eligible for 6.75% on one-year tenures and 6.95% on two-year tenures.

Axis Bank also revised its FD interest rates, effective December 26. The bank now offers 6.25% for one-year tenures and 6.45% for two years. Senior citizens can earn 6.75% on one-year FDs and 6.95% on two-year FDs.

Canara Bank has also revised its interest rates, with a new rate of 5.9% for FDs with a maturity period of one year to 15 months. Senior citizens, however, can earn 6.40% for the same period.

These changes reflect the ongoing evolution of the Indian banking sector, with lenders adjusting their interest rates to stay competitive and respond to market conditions. Customers can take advantage of these revised rates to maximize their returns on fixed deposits, depending on their individual investment goals and preferences. It is essential for investors to review the updated interest rates and terms offered by each bank to make informed decisions about their investments.

PSB Merger to Pick Up Pace by 2026: Canara Bank, Bank of Maharashtra, and IOB in Focus – Key Highlights via Upstox

Dec 26, 2025

The Indian government is expected to accelerate the consolidation of public sector banks (PSBs) in 2026, with several key developments on the horizon. The consolidation process, which began in 2019, aims to create larger, more efficient banks that can compete with private sector lenders. Here are the key points to know:

Background: The Indian government has been working to consolidate the country’s PSBs to improve their efficiency, reduce bad loans, and increase their competitiveness. In 2019, the government merged 10 PSBs into four larger banks, reducing the total number of PSBs from 27 to 12.

Next phase of consolidation: The government is expected to announce the next phase of consolidation in 2026, which may involve the merger of more PSBs. Canara Bank, Bank of Maharashtra, and Indian Overseas Bank (IOB) are likely to be part of this phase.

Key banks involved: Canara Bank, one of the largest PSBs, is expected to play a key role in the next phase of consolidation. Bank of Maharashtra, which has shown significant improvement in its financial performance, may also be involved. IOB, which has been struggling with high bad loans, may be merged with another bank to improve its financial health.

Benefits of consolidation: The consolidation of PSBs is expected to bring several benefits, including improved efficiency, reduced costs, and increased competitiveness. Larger banks will have more resources to invest in technology, talent, and marketing, enabling them to better compete with private sector lenders.

Challenges ahead: While consolidation is expected to bring benefits, it also poses several challenges, including the integration of different cultures, systems, and processes. The government will need to ensure that the merger process is smooth and does not disrupt banking services.

Timeline: The government is expected to announce the next phase of consolidation in 2026, with the merger process likely to be completed by 2028. The exact timeline will depend on various factors, including the complexity of the merger and the regulatory approvals required.

Impact on customers: The consolidation of PSBs is unlikely to have a significant impact on customers, as the merged banks will continue to operate under the same brand names and offer the same services. However, customers may benefit from improved services, such as better technology and more convenient banking channels.

Overall, the consolidation of PSBs is a key part of the Indian government’s plan to strengthen the banking sector and improve its competitiveness. While there are challenges ahead, the benefits of consolidation are expected to outweigh the costs, leading to more efficient and competitive banks that can support India’s economic growth.

Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.

Dec 21, 2025

For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk.

The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the top banks offering up to 8% FD rates for seniors investing for three years are:

1. Bank of Baroda: Offering 7.75% to 7.95% interest rates for senior citizens, depending on the deposit amount and tenure.
2. Canara Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
3. Indian Bank: Offering 7.75% interest rate for senior citizens, with higher rates applicable for larger deposits.
4. Punjab National Bank: Giving 7.75% to 7.9% interest rates for senior citizens, depending on the deposit amount and tenure.
5. State Bank of India (SBI): Offering 7.6% to 7.8% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
6. ICICI Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with higher rates applicable for larger deposits and longer tenures.
7. HDFC Bank: Offering 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.

These high FD rates can help senior citizens earn substantial interest on their deposits, ensuring a steady income stream during their retirement years. It’s essential to note that the interest rates may vary depending on the bank, deposit amount, and tenure chosen.

Before investing, senior citizens should carefully review the terms and conditions of the FD, including any penalties for early withdrawal and the minimum deposit requirements. They should also consider their individual financial goals, risk tolerance, and liquidity needs before making a decision.

It’s worth mentioning that senior citizens can also explore other investment options, such as senior citizen savings schemes, provident funds, and pension plans, which may offer higher returns and additional benefits. However, FDs remain a popular choice for seniors due to their low-risk nature and fixed returns.

In conclusion, the high FD rates offered by banks for senior citizens can be an attractive option for those looking to grow their savings over a three-year period. Seniors should carefully evaluate the various options available, considering their individual financial needs and goals, before making an informed investment decision.

Budget Announcement on PSU Bank Consolidation: Expectations for IOB, UCO, BOI, BOM, and Central Bank Merger Plans

Dec 15, 2025

The Indian government is expected to make significant announcements regarding the merger of Public Sector Banks (PSBs) in the upcoming budget. The merger of banks such as Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India is anticipated to be a key aspect of the budget.

The government’s plan to merge PSBs aims to create larger and more efficient banks, which can compete with private sector banks. The merger is expected to lead to improved financial health, increased lending capabilities, and enhanced customer services. Additionally, the merger will help in reducing the number of PSBs, making them more manageable and allowing for better allocation of resources.

The merger of IOB, UCO, BOI, BOM, and Central Bank is seen as a significant step towards consolidation in the banking sector. The government has already merged several PSBs in the past, resulting in the creation of larger banks such as State Bank of India (SBI), Punjab National Bank (PNB), and Canara Bank. The upcoming merger is expected to further strengthen the banking sector and improve its overall performance.

The budget announcement is expected to provide details on the merger, including the timeline, structure, and benefits for customers and employees. The government may also announce measures to support the merged banks, such as capital infusion, rationalization of branches, and implementation of new technologies. The merger is likely to have a significant impact on the banking sector, and the budget announcement will be closely watched by stakeholders, including customers, employees, and investors.

In recent years, the government has taken several steps to strengthen the banking sector, including the implementation of the Insolvency and Bankruptcy Code (IBC) and the establishment of the National Company Law Tribunal (NCLT). The merger of PSBs is seen as a key aspect of this effort, aimed at creating a more robust and efficient banking system. The upcoming budget announcement is expected to provide further details on the government’s plans for the banking sector and the merger of PSBs.

Overall, the merger of PSBs is a significant development in the Indian banking sector, and the budget announcement is expected to provide important details on the government’s plans. The merger is likely to have a positive impact on the banking sector, leading to improved financial health, increased lending capabilities, and enhanced customer services. The government’s efforts to strengthen the banking sector are expected to continue, with the merger of PSBs being a key aspect of this effort.

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Major Development in PSU Bank Consolidation: IOB, UCO, BOI, BOM, and Central Bank Under Consideration for Merger – What’s the Timeline for the Next Phase of PSB Consolidation?

Dec 4, 2025

The Indian government is planning to initiate the next phase of public sector bank (PSB) mergers, with several banks on the radar, including Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India. The merger of these banks is expected to be a significant step towards consolidation in the Indian banking sector.

The government had earlier merged 10 PSBs into four large banks, resulting in the creation of mega banks such as State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and Canara Bank. The merger aimed to create stronger and more competitive banks, with improved financial health and increased lending capacity.

The next phase of the merger is expected to be more challenging, as it involves banks with weaker financials. The government is likely to consider factors such as the banks’ financial performance, asset quality, and regional presence before deciding on the mergers. The merger process is expected to be completed in a phased manner, with the first phase likely to involve the merger of smaller banks.

The banks on the radar, including IOB, UCO Bank, BOI, BOM, and Central Bank of India, have been struggling with high non-performing assets (NPAs) and weak financial performance. The merger is expected to help these banks improve their financial health and increase their lending capacity.

The government has not yet announced a specific timeline for the next phase of the merger. However, it is expected to happen soon, as the government is keen to complete the consolidation process in the banking sector. The merger is also expected to lead to job losses, as the merged entity will likely have a reduced workforce.

The PSB merger is part of the government’s broader plan to reform the banking sector and improve its efficiency. The government has also announced several other measures, including the establishment of a bad bank to take over stressed assets and the introduction of a new bank licensing policy. The measures aim to strengthen the banking sector and improve its ability to support economic growth.

In conclusion, the next phase of the PSB merger is expected to involve the merger of several smaller banks, including IOB, UCO Bank, BOI, BOM, and Central Bank of India. The merger is expected to be a significant step towards consolidation in the Indian banking sector and is likely to lead to the creation of stronger and more competitive banks. However, the process is expected to be challenging, and the government will need to carefully consider the financial performance and asset quality of the banks involved.

Consolidation of PSU Banks: SBI Chief Suggests Additional Mergers Could Be Beneficial As Government Considers Major Overhaul | Business News

Nov 17, 2025

The chairman of the State Bank of India (SBI), CS Setty, has expressed support for the Indian government’s plan to merge smaller public sector banks with larger lenders. In an interview with Bloomberg, Setty stated that there is a need for further rationalization in the banking sector, as some smaller banks are still sub-scale. He suggested that another round of consolidation may not be a bad idea, which could lead to the next level of growth and scale in India’s financial space.

The government is considering a plan to merge several small lenders, including Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI), and Bank of Maharashtra (BOM) with larger public sector banks such as Punjab National Bank (PNB), Bank of Baroda (BoB), and SBI. This proposed mega merger is aimed at supporting the next phase of credit expansion and financial sector reforms.

The plan is expected to be taken up at the Cabinet level and then examined by the Prime Minister’s Office (PMO). This renewed merger push diverges from NITI Aayog’s earlier suggestion to privatize or restructure smaller public sector banks. NITI Aayog had recommended that only a few large state-run lenders, including SBI, PNB, BoB, and Canara Bank, be retained under government control, while the remaining PSBs should either be merged, privatized, or have their government stake reduced.

The proposed merger is expected to drive growth and increase the efficiency of the banking sector. Setty’s support for the plan indicates that the banking industry is open to consolidation, which could lead to the creation of larger, more competitive banks. The government’s plan to merge smaller banks with larger lenders is a significant step towards achieving this goal.

The merger plan is also expected to support the next phase of credit expansion and financial sector reforms. The Indian government has been working to strengthen the banking sector and improve its efficiency, and the proposed merger is a key part of this effort. The plan is expected to be implemented in the near future, and it will be interesting to see how it unfolds and what impact it has on the banking sector.

Overall, the proposed merger of smaller public sector banks with larger lenders is a significant development in the Indian banking sector. It is expected to drive growth, increase efficiency, and support the next phase of credit expansion and financial sector reforms. The support of the SBI chairman for the plan indicates that the banking industry is open to consolidation, and the government’s plan is a significant step towards achieving this goal.

Latest Bank Update: Will Indian Overseas Bank, Central Bank of India, and Bank of India Merge with SBI and Canara Bank?

Nov 11, 2025

The Indian government is planning a major overhaul of the country’s banking system by merging smaller public sector banks with larger ones. Finance Minister Nirmala Sitharaman emphasized the need for a world-class banking system, with the goal of expanding Indian banks to become among the top global banks. The proposed mega-merger plan aims to create larger, more reliable public sector banks. Except for the State Bank of India, Canara Bank, Punjab National Bank, and Bank of Baroda, all other banks in the country could be merged.

Sitharaman stated that discussions have begun with banks to determine how they wish to proceed with the merger. The Reserve Bank of India is also being consulted to gather their views on creating larger banks. According to media reports, the second phase of the merger plan may involve merging Indian Overseas Bank, Central Bank of India, Bank of India, and Bank of Maharashtra with larger banks like Punjab National Bank, Bank of Baroda, and State Bank of India.

This is not the first time the government has undertaken bank mergers. In 2017, five associate banks of SBI and Bharatiya Mahila Bank were merged with the State Bank of India. In 2019, Vijaya Bank and Dena Bank were merged with Bank of Baroda, and in 2020, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank.

The merger is expected to have significant implications for both employees and account holders. While banking deposits, fixed deposits, interest rates, loans, and other services will remain unaffected, account holders may need to obtain new passbooks, chequebooks, and account numbers. Additionally, branch names and addresses may change, requiring customers to visit their bank branches to update their records. Overall, the government’s goal is to create a more robust and efficient banking system that can compete with global banks.

Consolidating banking entities to the point of rendering them obsolete

Oct 22, 2025

The Indian government’s plan to merge nine public sector banks into three large banks, namely State Bank of India, Punjab National Bank, and Canara Bank, has sparked concern among customers and employees. The move, aimed at enabling these banks to compete with foreign banks, is expected to begin by the end of the next financial year. However, this merger could have far-reaching consequences, including making banking inaccessible to common people, increasing workload, and worsening bank environments.

Bank mergers are not new in India, with several state banks having merged with SBI in the past. Recently, Andhra Bank and Corporation Bank merged with Union Bank, while Dena and Vijaya Banks merged with Bank of Baroda. The real objective behind these mergers was to shift the liability of banks in debt from giving loans to billionaires. Apart from mergers, the privatization of banks is also underway, with IDBI Bank being privatized and Yes Bank being taken over by Japan’s Sumitomo Mitsui Banking Corporation.

The central government’s move to privatize and merge public sector banks has been criticized for forgetting the role that these banks played in keeping the country safe during the global financial crisis. Big banks have no interest in ordinary, rural, and farmer accounts, and have recently imposed minimum balance requirements, making it difficult for ordinary people to access banking services. This could lead to a shift from mass banking to class banking, where only the wealthy have access to banking services.

The merger is expected to lead to widespread closure of branches, voluntary retirement, and compulsory retirement, which will adversely affect services. Customers will be forced to accept unilaterally imposed service charges and penalties. The banking sector is heading from nationalization to privatization and eventually to foreignization, which will have adverse effects on the economy and common people. The government’s move has been criticized for being anti-poor, as it will only benefit the wealthy and large corporations.

The privatization of banks will also lead to a loss of benefits that society achieved through nationalization of banks. Small borrowers are being tied up with laws like SARFAESI, while corporate loans worth crores continue to be written off. The decline in the number of banks will also adversely affect services, and customers will be forced to accept poor services and high charges. The government’s move has been criticized for being a shift from pro-people policies to pro-corporate policies, which will have far-reaching consequences for the economy and common people.

The Canara Bank has made a generous donation of a fully-equipped ambulance to the Shiromani Gurdwara Parbandhak Committee (SGPC).

Oct 2, 2025

Canara Bank has donated an ambulance to the Shiromani Gurdwara Parbandhak Committee (SGPC) as part of its Corporate Social Responsibility (CSR) program. The keys to the ambulance were handed over to SGPC president Harjinder Singh Dhami at Harmandar Sahib. This gesture is aimed at providing convenience to the Sangat, the community of Sikh devotees. The SGPC is responsible for managing gurdwaras, as well as providing services in the fields of education and health.

According to Dhami, the SGPC relies heavily on contributions from the Sangat and various institutions to carry out its work. He expressed gratitude to Canara Bank for the donation, noting that other banks have also contributed to SGPC services in the past. Dhami hopes that Canara Bank will continue to extend its cooperation to the SGPC. As a token of appreciation, Dhami honored the bank officials with a siropa, a traditional Sikh robe of honor, and a model of Harmandar Sahib.

Canara Bank chairman Hardeep Singh Ahluwalia acknowledged the SGPC’s service initiatives, stating that their impact directly benefits the people. He thanked Dhami for the honor bestowed upon the bank officials and expressed his commitment to contributing to the welfare of the Sangat. Ahluwalia attributed the bank’s contribution to the blessings of Guru Sahib, emphasizing the importance of giving back to the community.

The donation of the ambulance is a significant contribution to the SGPC’s healthcare services, which will provide timely medical assistance to those in need. This initiative demonstrates Canara Bank’s commitment to its CSR program and its desire to make a positive impact on the community. The partnership between Canara Bank and the SGPC is a testament to the power of collaboration between organizations to drive social change and improve the lives of individuals.

The Chief of CBOA has praised the staff of Canara Bank for their unwavering commitment and dedication to their work.

Sep 22, 2025

Ravi Kumar K, the General Secretary of the Canara Bank Officers’ Association (CBOA), recently visited Chandigarh on September 20-21, 2025. During his visit, he interacted with employees and officers at the Canara Bank Circle Office, praising their dedication and hard work. Kumar highlighted the significant role the staff has played in driving the bank’s growth and the success of the ‘Each One Source Ten’ campaign, which managed to mobilize an impressive Rs 18,000 crore in just three months.

Kumar also addressed various welfare issues concerning the officers, including the implementation of five-day banking, achieving a better work-life balance, and introducing performance-linked incentives (PLI). He also emphasized the need for adequate staffing and technology upgrades to improve the overall efficiency of the bank. The Chandigarh CBOA Unit was recognized as one of the strongest in India, reflecting the unit’s commitment to the welfare of its members.

During the Members Meet at Hotel Pearl, General Manager Manoj Kumar Das reiterated the importance of teamwork, digital adoption, and customer-centric service. He emphasized that these factors are crucial for the bank’s future progress and success. The interactive sessions held during the visit reinforced the CBOA’s role as a bridge between the staff and management, fostering unity and cooperation among all stakeholders.

The visit was seen as an opportunity for the CBOA to engage with its members and address their concerns. It also provided a platform for the association to reiterate its commitment to the welfare of its members and to work towards creating a more conducive and supportive work environment. Overall, the visit was a positive step towards strengthening the relationship between the CBOA and its members, and towards driving the bank’s future growth and success.

The recognition of the Chandigarh CBOA Unit as India’s strongest is a testament to the unit’s hard work and dedication. The unit’s efforts to promote the welfare of its members and to foster a sense of unity and cooperation among all stakeholders have clearly paid off. The visit by Ravi Kumar K has helped to further reinforce the importance of teamwork, digital adoption, and customer-centric service, and has provided a boost to the morale of the employees and officers at the Canara Bank Circle Office.

Canara Bank contributes Rs 25 lakh to the Chief Minister’s relief fund to support families affected by the floods.

Sep 21, 2025

In a demonstration of solidarity with the people of Jammu and Kashmir affected by the recent floods, Canara Bank has donated Rs 25 lakh to the Chief Minister’s Relief Fund. The cheque was presented to Chief Minister Omar Abdullah by Manoj Kumar Das, Circle Head of Canara Bank, and Shri Prashant Kumar, Regional Head, in Srinagar. This contribution highlights the bank’s commitment to supporting communities in times of crisis.

According to Das, Canara Bank has always prioritized social welfare and goes beyond its banking duties to uphold this commitment. The donation is a small step towards supporting those who are rebuilding their lives after the devastating floods. The Chief Minister expressed his gratitude to the bank for its timely support, stating that the funds will be utilized to provide relief and rehabilitation to the families most severely affected by the floods.

This initiative is part of Canara Bank’s broader corporate social responsibility efforts, which encompass disaster relief, social upliftment, and community development across the country. The bank’s commitment to social welfare is evident in its efforts to support communities in need. By donating to the Chief Minister’s Relief Fund, Canara Bank is contributing to the relief and rehabilitation efforts in Jammu and Kashmir.

The recent floods in Jammu and Kashmir have had a devastating impact on the lives of many people, and the donation from Canara Bank is a welcome gesture of support. The bank’s contribution will help to provide relief and rehabilitation to those who have been affected by the floods, and it demonstrates the bank’s commitment to social responsibility. The Chief Minister’s Relief Fund will utilize the donated funds to provide assistance to the families most in need, and Canara Bank’s donation is a significant contribution to this effort.

Overall, Canara Bank’s donation to the Chief Minister’s Relief Fund is a positive step towards supporting the people of Jammu and Kashmir affected by the recent floods. The bank’s commitment to social welfare and corporate social responsibility is evident in this initiative, and it demonstrates the bank’s role in supporting communities in times of crisis.

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