Finance Minister: Act on ICICI, Axis & Other Bank Employees' Harassment & Termination!
The Issue
India's banking sector is built on the hard work and dedication of lakhs of employees. Yet, an increasing number of current and former banking professionals have raised serious concerns regarding alleged illegal terminations, forced resignations, workplace harassment, whistleblower retaliation, unfair labour practices, and employee exploitation across both private and public sector banks.
Among these concerns, the situation at ICICI Bank has emerged as a matter of significant public interest. More than 782 employees, along with several other affected employees, have reportedly been terminated under the category of "stopped reporting/voluntary abandonment," raising serious questions about whether due process and the principles of natural justice were consistently followed. Numerous affected employees have approached the appropriate authorities seeking justice.
The Ministry of Labour has reportedly observed in an investigation report that ICICI Bank's management was engaging in unfair labour practices and allegedly harassing employees through mala fide transfers with the objective of compelling them to leave their jobs. Such observations raise serious concerns regarding governance, regulatory compliance, and institutional accountability.
There have also been reports of employee suicides, workplace harassment, alleged retaliation against employees who raised concerns, and repeated instances of fraud and regulatory compliance issues. These incidents collectively raise broader questions about corporate governance, ethical leadership, and accountability within India's banking sector.
A particularly concerning allegation raised by several affected employees is that these issues were brought to the attention of ICICI Bank's Managing Director & CEO, Mr. Sandeep Bakhshi, and the Board Governance, Remuneration & Nomination Committee (BGRNC) Chairman, Mr. Punit Sood. However, according to these employees, their grievances did not receive meaningful consideration, and they believe their concerns were ignored rather than addressed through a fair, transparent, and impartial process.
Similar concerns have also been reported by employees of Axis Bank, State Bank of India, Punjab National Bank, HDFC Bank, Bandhan Bank, and several other public and private sector banks. These include allegations relating to forced resignations, arbitrary disciplinary action, workplace harassment, whistleblower retaliation, and governance failures, indicating that these issues may not be isolated to a single institution but could warrant a broader review of governance and oversight across the banking sector.
These concerns deserve an independent, impartial, and transparent investigation so that the truth can be established, accountability ensured where necessary, and confidence in India's banking system strengthened.
Click Here for Evidence
Contact: support@trbnofficial.com | www.trbnofficial.com
91
The Issue
India's banking sector is built on the hard work and dedication of lakhs of employees. Yet, an increasing number of current and former banking professionals have raised serious concerns regarding alleged illegal terminations, forced resignations, workplace harassment, whistleblower retaliation, unfair labour practices, and employee exploitation across both private and public sector banks.
Among these concerns, the situation at ICICI Bank has emerged as a matter of significant public interest. More than 782 employees, along with several other affected employees, have reportedly been terminated under the category of "stopped reporting/voluntary abandonment," raising serious questions about whether due process and the principles of natural justice were consistently followed. Numerous affected employees have approached the appropriate authorities seeking justice.
The Ministry of Labour has reportedly observed in an investigation report that ICICI Bank's management was engaging in unfair labour practices and allegedly harassing employees through mala fide transfers with the objective of compelling them to leave their jobs. Such observations raise serious concerns regarding governance, regulatory compliance, and institutional accountability.
There have also been reports of employee suicides, workplace harassment, alleged retaliation against employees who raised concerns, and repeated instances of fraud and regulatory compliance issues. These incidents collectively raise broader questions about corporate governance, ethical leadership, and accountability within India's banking sector.
A particularly concerning allegation raised by several affected employees is that these issues were brought to the attention of ICICI Bank's Managing Director & CEO, Mr. Sandeep Bakhshi, and the Board Governance, Remuneration & Nomination Committee (BGRNC) Chairman, Mr. Punit Sood. However, according to these employees, their grievances did not receive meaningful consideration, and they believe their concerns were ignored rather than addressed through a fair, transparent, and impartial process.
Similar concerns have also been reported by employees of Axis Bank, State Bank of India, Punjab National Bank, HDFC Bank, Bandhan Bank, and several other public and private sector banks. These include allegations relating to forced resignations, arbitrary disciplinary action, workplace harassment, whistleblower retaliation, and governance failures, indicating that these issues may not be isolated to a single institution but could warrant a broader review of governance and oversight across the banking sector.
These concerns deserve an independent, impartial, and transparent investigation so that the truth can be established, accountability ensured where necessary, and confidence in India's banking system strengthened.
Click Here for Evidence
Contact: support@trbnofficial.com | www.trbnofficial.com
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Petition created on 2 July 2026