Below some questions/answers. Maybe I did not fully get your idea :-)
...when the user changes his/her password.
> I think most times this happens, it is directly at the OP (or at least it's storage) so is this really a use-case for OP initiated Back-channel Logout? The OP can in this case decide by itself to cancel sessions and trigger RP's about this. Maybe you can elaborate in which setup you find this case.
...banned by an administrator which in turn should trigger OIDC Back-Channel Logout.
> Is the user banned from the RP or the OP? Because, if it is a Identity-Lifecycle thing, where the user is completely locked I find services like SCIM 2.0 the proper tool. After an account deactivation we could do the same as my answer above states.
Greetings Florian