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HDFC CEO Sashidhar Jagdishan Accused of Financial Fraud by Lilavati Medical Trust

Lilavati Kirtilal Mehta Medical Trust, a well-known hospital trust, has accused the CEO of HDFC Bank of being involved in a fraud worth ₹14 crore and filed an FIR (First Information Report)...

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 financial year 2026–27 (FY27). This move is part...

RBI to Meet Banks to Discuss Money Management in the Economy

The Reserve Bank of India (RBI) is planning a key meeting with banks to review how it manages the flow of money in the financial system. This move aims to ensure that...

Cyber Heist at Himachal Pradesh State Cooperative Bank: A Timeline of Events and Response

Cyber Heist at State Cooperative Bank: A Timeline of Events and Response In a shocking incident, cybercriminals managed to steal a whopping ₹11.55 crore from the State Cooperative Bank by hacking into its...

Punjab & Sind Bank Officers Call Nationwide Strike on May 19 Over Policy Disputes

In a significant move that could shake up banking operations across India, over 5,000 officers of Punjab & Sind Bank are planning a one-day nationwide strike on May 19, 2025. Led by...

Mumbai Cops Arrested 3 for Operating Fake Accounts Under ‘Ladki Bahin’ Scam

Mumbai Police arrested 3 people for a fake bank account scam linked to cyber fraud and money laundering. The accused opened bank accounts in the names of many people, mostly men. He...

Citigroup Must Face $1 Billion Lawsuit Over Alleged Fraud Involvement with Oceanografía

In a major legal setback for global banking giant Citigroup, a U.S. appeals court has revived a long-standing lawsuit alleging the bank's significant role in facilitating a billion-dollar fraud tied to the...

India-Pakistan Tensions Rise; Finance Minister Meets with Financial Sector Heads

On 9th May, 2025 Finance Minister Nirmala Sitharaman held a meeting to review the cybersecurity readiness of banks and financial institutions. The goal is to make sure that these institutions have strong...

SMBC (Japanese Financial Giant) in Advanced Discussions to Acquire Significant Stake in Yes Bank.

Japanese financial giant Sumitomo Mitsui Banking Corp (SMBC) is in the final stages of discussions to acquire a major stake in Yes Bank. The acquisition, if finalized, could lead to an open...

Bank of Baroda 2025 Recruitment: Apply for 500 Office Assistant (Peon) Vacancies

Total Vacancies 500 posts available for Office Assistant (Peon) Important Dates Online registration of application starts - 3 May, 2025 Last date to apply online - May 23, 2025 Online fee payment deadline - May 23, 2025 Eligibility...