UP Cyber Fraud: ₹58 Crore Scam via Rented Accounts, 5 Accused Arrested
Police in Balrampur district caught a big cyber fraud gang and arrested 5 criminals. This gang was running online scams across India. This gang...
HSBC Penalised ₹31.8 Lakh by RBI Over Compliance Lapses
The Reserve Bank of India (RBI) has fined Hongkong and Shanghai Banking Corporation (HSBC) ₹31.8 lakh for not following some rules properly. The bank...
ATM Usage to Change: Banks Announce Updated Rules Effective April 1
Banks like HDFC Bank, Punjab National Bank (PNB), and Jio Payments Bank are updating their ATM rules from April 1, 2026. These changes will...
HDFC Bank Stock Falls Sharply Following Resignation of Chairman Atanu Chakraborty
The chairman of HDFC Bank, Atanu Chakraborty, suddenly resigned. In his resignation letter, he said some things in the bank didn’t match his personal...
Banks Earn ₹19,000 Crore from Minimum Balance Penalties in Last 3 Years
A recent tweet by Raghav Chadha has sparked debate over the impact of minimum balance penalties imposed by banks. According to him, in the...
Union Bank of India Plans ₹20,000 Crore Fundraising via Infrastructure Bonds
Union Bank of India (a government-owned bank) wants to collect money from investors. The bank wants to raise ₹20,000 crore. It will do this...
Government May Shelve IDBI Bank Privatisation After Low Financial Bids from Buyers
The Central Government wanted to privatise IDBI Bank, which means selling its ownership to private investors. The plan was to complete this process in...
Demonetisation Case: Axis Bank Ordered to Pay ₹3.19 Crore After Refusing Old Notes from...
The National Consumer Disputes Redressal Commission (NCDRC) has ordered Axis Bank to pay ₹3.19 crore to a Delhi-based logistics company called Procure Logistics Services...
IDFC First Bank ₹597-Crore Fraud Case: ED Searches 19 Locations, Freezes Over 90+ Bank...
India’s financial crime agency, the Directorate of Enforcement (ED), carried out searches at 19 places in cities like Chandigarh, Mohali, Panchkula, Gurgaon and Bengaluru...
YES Bank Names Vinay Muralidhar Tonse as MD and CEO for 3 Years
YES Bank has appointed Vinay Muralidhar Tonse as its new Managing Director (MD) and Chief Executive Officer (CEO) for three years. This appointment was...