Lucknow’s Lulu Mall Bank Account Seized Over Failure to Deposit Tax
Lulu Mall in Lucknow is facing financial trouble due to unpaid taxes. The mall failed to deposit its income tax dues of ₹27 crore...
Bandhan Bank Cleans Up Books, Offloads ₹3,212 Crore Bad Loans to ARCIL
Bandhan Bank had some bad loans in its microfinance business, which were mostly unsecured microfinance loans with no collateral such as property or gold...
₹2,434 Crore Loan Fraud: PNB Alerts RBI on SREI Promoters
Late on Friday evening, December 26, 2025, PNB informed the Reserve Bank of India (RBI) that it detected a loan fraud of ₹2,434 crore....
UP Tax Department Slaps ₹3.3 Crore GST Penalty on Yes Bank
Yes Bank has been fined ₹3.30 crore by the Uttar Pradesh GST department. This fine is related to GST matters for the financial year...
MUFG to Acquire 20% Stake in India’s Shriram Finance for Rs 39,600 Crore
Japan’s largest bank group, MUFG Bank, is investing a huge amount of money—₹39,618 crore (about $4.4 billion) in Shriram Finance, an Indian non-banking finance...
Rs 1.85 Crore Fraud: Indian Bank Cashier Gets Life Term
A regional court has imposed a life sentence on a cashier working at an Indian Bank branch, while five additional individuals have received sentences...
RBI Imposes ₹61.95 Lakh Penalty on Kotak Mahindra Bank for Regulatory Non-Compliance
The Reserve Bank of India (RBI) fined Kotak Mahindra Bank ₹61.95 lakh because the bank did not fully follow some banking rules. During an...
Centre to Raise Over ₹1,900 Crore by Selling Up to 3% Stake in Indian...
The government owns a large part of Indian Overseas Bank. Now, it plans to sell up to 3% of its shares in the bank...
RBI Sanctions Two Bank Mergers in Gujarat, Effective December 15, 2025
The Reserve Bank of India (RBI) has approved the merger of four cooperative banks in Gujarat. After these mergers, only two banks will remain....
Rs 33 Lakh Digital Arrest Scam Foiled; Elderly Gujarat Woman Saved
An elderly woman went to a Bank of Baroda branch in Ahmedabad feeling very scared and upset. She asked the bank staff to break...
