PPS (Positive Payment System) – All you need to know
A positive Payment System is popularly termed a PPS system. The scheme primarily aims to protect the bank customers against large-value cheque frauds, which...
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...
IDBI Bank Q2 FY26 Result: Reported a net loss of ₹444.8 crore
IndusInd Bank reported a net loss of ₹444.8 crore for the July–September quarter (Q2 FY26). This was a big miss—analysts expected a profit of...
SC allows banks to directly initiate insolvency proceedings against personal guarantors
The Supreme Court's decision was a relief for all the Financial Creditors, especially banks. The SC has allowed banks to approach a new route...
Online Scam worth Rs.3700 Crore by Socialtrade.biz
The Special Task Force of Uttar Pradesh has red handed caught the online fraud company "socialtrade.biz" which was operated by its director Anubhav Mittal...
Cent eeZ – A New Futuristic Mobile App from Central Bank of India
Central Bank of India launched a new mobile enhanced and futuristic app Cent eeZ for Android and Apple phone users. This will be the...
Government Eyes IPOs for Five Regional Rural Banks by FY27
The Government of India is planning to list at least five Regional Rural Banks (RRBs) on the stock exchange by the end of the...
RBI Plans to Simplify Claim Process for Deceased Bank Customers
The RBI has released a draft circular titled "Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025"...
RBI Returns Jana Small Finance Bank’s Universal Bank Application Over Eligibility Shortfall
Jana Small Finance Bank (Jana SFB) had applied to the Reserve Bank of India (RBI) to become a universal bank like larger banks such...
Axis Bank eyes profitability in priority sector lending, ties up with Paynearby
In order to make priority sector lending a profitable business, Axis Bank, India's third largest private sector lender, plans to grow its PSL book...