RBI has announced new rules to make it easier for people to reactivate old/inactive bank accounts or claim unclaimed money. RBI said that these new rules are active now with immediate effect.
Key...
The Punjab government has cut ties with HDFC Bank and has stopped doing any business transactions. This means no government department in Punjab is allowed to use HDFC Bank for any official...
The World Bank report states India’s economy to grow by 6.5% in FY26 and 6.7% in FY27. Despite global challenges, India is expected to be the fastest-growing major economy in 2025–26. The...
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)...
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...
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 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...
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 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...
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...
