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ED Raids ANSC Bank in Connection with ₹200 Crore Loan Fraud

On July 31, the Enforcement Directorate (ED) has, for the first time, conducted a search operation in the Andaman and Nicobar Islands. he operation was linked to a suspected financial fraud at...

J.V. Satyanarayana Murthy Elected As The New Chairman Of Visakhapatnam Cooperative Bank

Recently, a new Board of Directors was elected to lead the Visakhapatnam Cooperative Bank (VCB). This team came together and selected J.V. Satyanarayana Murthy as the Chairman and Chalasani Raghavendra Rao as...

Canara Bank Plans to Hire People Proficient in Local Languages, Says MD & CEO

Canara Bank Managing Director and CEO, K Satyanarayana Raju, in a telephonic interview with Anupreksha Jain of Business Standard, said that the bank plans to recruit individuals who are proficient in local...

Bank of America Appoints Hari Gopalkrishnan as Chief Technology Officer

Hari Gopalkrishnan is appointed as  a new Chief Technology Officer. He has worked at Bank of America since 2011. Before that, Hari held senior tech positions at Citigroup. Hari Gopalkrishnan is appointed...

Unclaimed Deposits in Indian Banks Climb to ₹67,003 Crore

By the end of June 2025, RBI stated that all banks in India including public sector and private banks together held ₹67,003 crore in unclaimed deposits. Out of this, Public sector banks...

Canara Bank to Sell priority sectors Loans and List Two Subsidiaries in Q2 FY26

Canara Bank has given more loans to priority sectors (like farming, small businesses, etc.) than required under the Priority Sector Lending (PSL) rules in the current quarter (July to September 2025). These...

Zubin Mody Resigns as CHRO of IndusInd Bank After 20 Years

Zubin Mody, who was the Chief Human Resources Officer (CHRO) has resigned after serving the company for two decades. He submitted his resignation on July 25, 2025 and will take effect on...

With Inflation Easing, Russian Central Bank Reduces Rate by 200 Basis Points

The Russian central bank has cut its main interest rate by 2% ( 200 basis points), bringing it down to 18%. This move was expected by many economists and is meant to...

Yes Bank Legal Head Resigns as ₹3,000 Crore Loan Misuse Case Unfolds

Sanjay Nambiar, who worked as the top legal officer (general counsel) at Yes Bank for almost 15 years has resigned. Currently he will be on gardening leave (a period where an employee...

Anil Ambani Group, Yes Bank Face ED Raids Over ₹3,000 Cr Loan Fraud

Today on July 24, 2025, the Enforcement Directorate (ED) carried out raids at more than 35 locations and more than 50 companies in Mumbai and Delhi. Over 25 people have been questioned...