Target RBI Grade B 2025
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Updates about RBI Grade B, RBI Assistant and SEBI Grade A, NABARD Grade A, Grade B and Development Assistant Exams and latest news regarding important Economy, Banking and Finance developments.
Managed by Ex.Manager, Reserve Bank of India.
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Good Insights!πŸ™
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When you become Officer is RBI you will also do such inspections, I have conducted 30+ such inspections!
When I left RBI, I got very good offers from Private Sector Banks to look after their inspection related work and compliance.
50 Lakhs + Per Annum Offers (in 2015).
But I was not interested in any kind of job.πŸ™
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Fraud In RRB!

1 Crore 7 Lakh Rupees Embezzled from Vidarbha Kokan Bank

Case filed against three officers: Manager's leave misused
Bhadrawati (Chandrapur district):

A shocking incident has come to light where 1 crore 7 lakh rupees were embezzled from 36 account holders of the Vidarbha Kokan Gramin Bank's Bhadrawati branch. A bank officer himself transferred the money to his own and two others' accounts. This shocking event was discovered on Friday (8th Nov). Based on the bank manager's complaint, a case has been filed against the three individuals. The accused are bank officer Rajat Itankar, Suraj Kumar Sahu (resident of Nagpur), and Pradeep Dudhbhate (resident of Pune).
The Bhadrawati branch manager, Amol Kathale, met with an accident on September 1st and was on leave. During this period, Rajat Itankar was in charge as the chief officer. Meanwhile, Parvata Kakade filed a complaint about 3 lakh 50 thousand rupees being suspiciously withdrawn from her bank account. This led to an investigation, and upon scrutinizing the accounts, it was found that between August 2024 and October 2024, 1 crore 7 lakh rupees had gone missing from 36 accounts. Itankar, in collusion with his friends and bank officers Suraj Kumar Sahu and Pradeep Dudhbhate, embezzled this amount through RTGS, NEFT, and cash withdrawals. As a result, based on the complaint by Bank Manager Kathale, a case has been filed against Itankar, Suraj Kumar Sahu, and Pradeep Dudhbhate.
The investigation revealed that Itankar had carried out this fraudulent activity while working at the Shegaon branch as well. A complaint was lodged against him at the Shegaon police station. Senior officials became suspicious of Itankar, which prompted them to check the accounts of the Bhadrawati branch account holders as well.

Statement by Amol Kathale, Branch Manager, Vidarbha Kokan Gramin Bank, Bhadrawati

"1 crore 7 lakh rupees from 36 account holders of Vidarbha Kokan Gramin Bank were fraudulently transferred. However, account holders should not panic. Some account holders have received their money back. The remaining amount will also be deposited soon."


Kathale was on leave for 9 weeks due to the accident. Itankar took advantage of this situation. Senior officials were alerted after Kakade's complaint. Itankar had a history of fraudulent activities. He was transferred to Bhadrawati after a complaint was filed against him in Shegaon. The police are currently investigating the matter and searching for the accused.
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Is the story of IDFC Bank is over?
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They may approach NABFID.
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