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Bank Frauds Creep Back, RBI Sounds Alarm

Fraud reported by banks declined in 2024-2025 to 23,953 as compared to 36,060 in the previous year though the amount involved jumped to Rs 36,014 crore from Rs 12,230 crore. Kindly note that this......

Man behind bank heists posed as humble fruit-seller by day

A 51-year-old fruit seller who doubled as the mastermind of the notorious "Mamu Gang" -- a group of robbers who targeted banks -- has been arrested by the Crime Branch of Delhi police, an officer......

Bank returns 57 lakh to TMC MP that was stolen in fraud

The money that was allegedly siphoned by fraudsters from Trinamool Congress MP Kalyan Banerjee's dormant account with a nationalised bank earlier this week has been credited back to him by the bank......

Rs 14,000 crore from World Bank used in Bihar polls: Jan Suraaj

Jan Suraaj Spokesperson and one of the key architects of the Party, Pavan Verma, levelled serious allegations that funds from the World Bank meant for some other project were diverted for the Bihar......

187 bank transfers in 6 months: Woman loses Rs 32cr in digital arrest

In what is said to be the largest digital arrest scam in Karnataka, a 57-year-old woman in Bengaluru reportedly lost about Rs 32 crore in a sophisticated "digital arrest" scam that lasted over six......

Loan growth, profitability seen improving for public sector banks

The Indian banking sector could be due for a rise in profitability after several quarters of net interest margin (NIM) compression. Photograph: Ajay Verma/Reuters The Q2FY26 results suggest NIMs......

Highlights of Reserve Bank's monetary policy

Following are the highlights of the bi-monthly monetary policy announced by Reserve Bank Governor Sanjay Malhotra after the Monetary Policy Committee (MPC) meeting on Friday: Photograph: Danish......

Households Are Moving Away From Banks To Markets

For every 100 rupees, households invested Rs 45.2 in mutual funds and equities in 2024-2025. Illustration: Dominic Xavier/Rediff Incremental flows of household savings into stock markets and......

Board nod must for bank entities to do same biz: RBI

The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval......

Sensex sheds 436 pts on profit booking in bank, oil shares

Stock markets closed lower for the second straight day on Tuesday, with benchmark BSE Sensex declining by 436 points as investors booked profit ahead of the US Federal Reserve's policy decision.......

India bank on Kohli-Rohit magic to seal ODI series

IMAGE: A record-extending 52nd ODI century by Virat Kohli and a rapid 57 from Rohit Sharma paved the way for India's victory in the series-opener in Ranchi. Photograph: BCCI/X The chatter around......

WPL auction: UP Warriorz break the bank for Deepti!

No takers for Alyssa Healy; Giants bought Sophie Devine for Rs 2 crore, while UP Warriorz landed Lanning for Rs 1.90 crore. IMAGE: Deepti Sharma was retained by UP Warriorz for Rs 3.20 Crore,......