india co operative bank

Vigilance sleuths arrested two alleged accomplices of a bank manager in Malkangiri district for their role in embezzling over Rs 1.08 crore in government funds. The duo, Sushree Nibedita Tarai and Nrusingh Prasad Khamari, reportedly received Rs 63 lakh from the manager as part of a conspiracy to avoid detection.

UPCISB has opened applications for over 2000 permanent positions in cooperative banks and institutions across Uttar Pradesh. The recruitment drive, starting April 25, 2026, includes roles like Manager, Junior Manager, and Assistant. Candidates can apply online until May 15, 2026. The selection involves preliminary and main examinations with negative marking

Federal Bank is set to acquire a credit card portfolio of approximately 4.5 lakh cards from Standard Chartered Bank, India. This strategic move will significantly boost Federal Bank's non-co-branded credit card segment, adding a seasoned customer base concentrated in top cities and doubling its presence in those markets.

Cyber police busted a sophisticated scam ring cloning dozens of WhatsApp accounts on single devices, shipping them to Cambodia for global fraud. Four arrested in Tripura provided SIM cards and technical support for the operation, which defrauded a Mumbai designer of Rs 33.5 lakh. Investigators are pursuing more suspects.

The US has sanctioned ten individuals and companies, including those in China and Hong Kong, for aiding Iran's drone and ballistic missile programs. These measures aim to curb Iran's military capabilities and its threat to regional shipping. The sanctions target entities involved in procuring weapons components and raw materials, with a warning to foreign firms engaged in illicit Iranian trade.

State Bank of India saw a 5.8% profit jump to Rs 19,684 crore in Q4FY26, though margins tightened. Bank of Baroda achieved a record Rs 5,616 crore profit, while Bank of India's net profit climbed 18.7%. Despite credit growth, SBI's share dipped due to investor concerns about core income.

Rohit Jain has been appointed as the new Deputy Governor of the Reserve Bank of India, filling the vacancy left by T Rabi Sankar. Jain, previously an executive director overseeing bank supervision, will serve until May 2029. His appointment comes as the RBI focuses on preparing financial institutions for emerging threats like cybersecurity, a concern he has previously highlighted.

An IndiGo flight from Hyderabad to Chandigarh experienced a passenger safety scare when a personal power bank ignited shortly after landing, causing smoke and necessitating an emergency evacuation. This incident highlights the growing dangers of lithium-ion batteries in portable electronics, prompting stricter regulations and advisories from aviation authorities worldwide.

The CBI, in coordination with MEA and MHA, has successfully extradited Kamlesh Parekh from the UAE to India. Parekh is accused of a large-scale banking fraud causing hundreds of crores in losses to a bank consortium led by SBI. He allegedly diverted funds through overseas entities using fraudulent practices.

A branch manager of KCC Bank in Malkangiri, Sudhansu Khora, has been arrested for allegedly embezzling over Rs 1 crore in government funds. The funds were reportedly siphoned off from crop loan repayments and new loan disbursements to farmers. Vigilance officials are investigating the financial trail and the involvement of others in the fraud.

The United States has stepped up efforts to restrict Iranian oil exports, a major source of revenue for Tehran. Late last month, the Treasury Department’s Office of Foreign Assets Control imposed sanctions on Hengli, targeting one of the most prominent and well-connected companies in China’s large crude-processing sector.

'Governor: The Silent Saviour', starring Manoj Bajpayee, is inspired by untold events and explores India’s 1990s economic crisis. Directed by Chinmay Mandlekar, the film’s teaser has heightened buzz. Backed by Sunshine Pictures, with music by Amit Trivedi, it is set to release on June 12, 2026.

Union Bank of India has issued its Apprentice Recruitment 2026 notification on 28 April 2026, announcing 1865 vacancies across India. Applications will be accepted from 29 April to 19 May 2026 via the BFSI SSC portal. Graduates aged 20 to 28 are eligible. Selection involves an online test, local language assessment and medical examination. Stipends range from Rs 15000 to Rs 20000 depending on branch location. The apprenticeship offers one-year banking sector training programme initiative.

Public sector banks significantly boosted their workforce in the last financial year, hiring 50,552 employees, a 33% increase from the previous year. This enhanced recruitment aims to strengthen operational capacity, alleviate workload, and improve customer service across state-run lenders.