Latest Stories

Sangli District Cooperative Bank Robbed: 22 Lockers Looted, 8–10 kg Gold Stolen

A major robbery occurred at the Sangli District Cooperative Bank in Zare, near Atpadi, on the Karad–Pandharpur road in Maharashtra. The bank branch operates in a rented two-story building. The owner, Tukaram...

Kerala High Court Rejects Bank Retirees’ Plea for GST Exemption on Health Insurance

Many retired bank employees had gone to the Kerala High Court asking for GST (tax) to be removed from the health insurance premium they pay under a special insurance scheme arranged by...

₹1 Crore Digital Arrest Fraud: Two Bank Staff, Three Others Arrested for Cheating Elderly Man

Delhi Police uncovered a gang that cheated an 80-year-old man of nearly ₹1 crore using an online scam called “digital arrest.” Five people were arrested, including two employees of a private bank. How...

HDFC Bank Reduces MCLR by 0.05%, Home Loan EMIs to Ease from Jan 7, 2026

HDFC Bank reduced its MCLR by 0.05% on select tenures, meaning home loan and other loan EMIs will become slightly cheaper starting Jan 7, 2026. The MCLR now ranges between 8.25% and...

SEBI Issues Notice to Bank of America Over Alleged Insider Trading Violations in 2024 Share Sale

India’s markets regulator SEBI says a Bank of America (BofA) unit broke insider-trading rules while handling a big share sale in 2024. BofA was managing the sale of shares of Aditya Birla...

RBI Action Impacts 51 NBFCs: 35 Licences Cancelled, 16 Surrendered Voluntarily

On January 7, 2026, the Reserve Bank of India (RBI) announced that it has cancelled the Certificates of Registration (CoR) of 35 non-banking financial companies (NBFCs), including Satya Prakash Capital Investment Limited...

Don’t Miss This NFO: Grow Your Wealth with Bank of India’s Banking & Financial Services Fund

Bank of India is launching a new mutual fund called the "Bank of India Banking & Financial Services Fund. The fund is a sectoral fund focusing on BFSI stocks. BFSI stands for...

Top Court Allows Bail to Arvind Dham in Amtek Bank Fraud Case

Arvind Dham, who was the chairman of the Amtek Group, is accused of being involved in a big bank fraud worth about ₹2,700 crore. Banks say that loans given to one of...

Hoax Bomb Threat Reported at a Private Banking Institution in Kochi

Two branches of a private bank in Kochi received a fake bomb threat. Someone sent an email claiming that explosives had been placed inside the bank branches at Pallimukku and Mamangalam, and...

Bank Unions Plan Nationwide Strike on January 27, Demand Monday–Friday Work Week

Bank employees’ unions in India, under a group called UFBU, have warned that they will go on a nationwide strike on January 27, 2026. They want banks to have a five-day work...