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...
ICICI Bank Plans to Maintain 51% Ownership Across All Its Listed Subsidiaries
ICICI Bank owns several companies that are listed on the stock market. The bank wants to keep at least 51% ownership in all three...
IDFC FIRST Bank Launches Its Latest Innovation: The FIRST WOW! Black Credit Card
IDFC FIRST Bank has introduced a new credit card called FIRST WOW! Black.It is an upgraded version of the earlier FIRST WOW! credit card...
RBI Grants In-Principle Approval for Fino Payments Bank’s Conversion to a Small Finance Bank
The Reserve Bank of India (RBI) has given Fino Payments Bank permission (called “in-principle approval”) to start the process of becoming a Small Finance...