Police in Gonda, Uttar Pradesh, have registered a case against 69 former and serving officers and employees of an Indian Bank branch for allegedly embezzling nearly Rs 5 crore from a union account. The case was filed following a court order after the accused failed to return the embezzled funds despite an earlier undertaking.
Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.
Indian benchmark indices, Sensex and Nifty, bounced back significantly after two days of losses, with the Sensex climbing 443.97 points to settle at 76,922.64, driven by positive global market trends and a drop in crude oil prices.
The highest number of frauds was reported under the card, Internet, and digital payments categories in FY24 and FY25. 'Advances' accounted for the largest share (85.5 per cent) in FY26.
The Supreme Court has issued a directive to the Bihar government, ordering the removal of all unauthorised structures and encroachments along the Ganga river banks between Nauzar Ghat and Nurpur Ghat in Patna within six weeks. The court expressed concern over illegal constructions and noted the lack of action despite previous orders, warning of strict views on any laxity. The directive came during the hearing of a plea against a National Green Tribunal order regarding encroachments on eco-fragile floodplains.
An attempted burglary occurred at a Punjab National Bank branch in Uchi Bassi village near Dasuya, with the intruder failing to access the main safe but stealing a digital tablet.
Mohammad Junaid, a volunteer at a protest against alleged paper leaks in Delhi, claims that Uttar Pradesh Police detained his family members in Ghaziabad and harassed relatives in Meerut due to his involvement. Police in Meerut deny the allegations, while Ghaziabad police have not commented.
Indian states significantly increased their reliance on market borrowings to finance gross fiscal deficits in 2025-26, with the share of market borrowings rising to 76.3 per cent, even as the weighted average cut-off yield on State Government Securities (SGS) and spreads over central government securities also increased.
The Economic Offences Wing (EOW) of Odisha Police has arrested another person from Bhubaneswar for his alleged involvement in a bank loan fraud case worth Rs 6.88 crore.
The Reserve Bank of India has imposed a penalty of Rs 41.8 lakh on Canara Bank for non-compliance with KYC norms and incorrect account classification, and Rs 3.1 lakh on Puran Associates Pvt Ltd for asset classification violations.
Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.
A man arrested for allegedly looting Rs 50 lakh from a State Bank of India (SBI) branch in Gujarat's Surat was shot in the leg by police after he opened fire at them in an attempt to escape.
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a significant decline in Brent crude oil prices, which fell below the USD 73 per barrel level, and positive trends observed across most Asian equities.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.
Gujarat has reported 35 rain-related deaths in the past two days, primarily in the worst-affected districts of Valsad and Navsari, as floodwaters recede and authorities initiate damage assessment surveys and post-flood cleanliness drives.
Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.
Mizoram has declared a full holiday for educational institutions and a half-day for government offices to allow residents to watch the FIFA World Cup final. Chief Minister Lalduhoma highlighted the state's passion for football and the importance of the sport to its youth.
A Mumbai court has granted the CBI permission to arrest Amitabh Jhunjhunwala, a former senior executive at Reliance Group, in connection with a case involving the alleged misuse of bank loans. Jhunjhunwala was already in judicial custody in Delhi for a related money laundering case.
A private security agency has denied involvement in the alleged embezzlement of donations at the Ram temple in Ayodhya. The agency stated it only recruited personnel for housekeeping at an SBI branch at the bank's request, disclaiming responsibility for their duties or the alleged theft, which is currently under SIT investigation.
HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.
Indian benchmark equity indices, Sensex and Nifty, extended their winning streak for a third consecutive day, driven by a rally in IT stocks and global cues suggesting a more accommodative monetary policy after softer-than-expected US jobs data.
Inflows into foreign currency non-resident (bank), or FCNR (B), deposits have significantly underperformed market expectations, leading to a more than 1 per cent depreciation of the rupee against the dollar this week. Analysts point to fading RBI support measures, tepid interest due to rising global bond yields, and narrowing interest rate spreads compared to 2013 as key challenges.
Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.
A consumer court in New Delhi has directed the Bank of India to refund Rs 10,000 to a woman and provide additional compensation for a failed ATM transaction that was not reversed for several months, citing deficiency in service and violation of RBI guidelines.
A 29-year-old bank employee was injured in a road rage incident in Delhi's Mangol Puri after a minor collision escalated into a violent confrontation. Police are investigating and searching for the accused.
Odisha Police's Economic Offences Wing (EOW) has arrested two more individuals in connection with a Rs 9.6 crore bank fraud case, bringing the total number of arrests to six. The accused, Surjit Roy and Sameer Srivastav, were apprehended in Raipur, Chhattisgarh, for allegedly withdrawing funds from the District Mineral Foundation (DMF) trust using forged cheques.
Amidst widespread student protests over the NEET paper leak, the Indian government has introduced the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026, in the Lok Sabha. The bill proposes significantly stricter punishments, including jail terms of up to 10 years and fines of up to Rs 50 lakh for individuals involved in paper leaks, and up to Rs 10 crore for organised crimes, aiming to enhance transparency and fairness in public examinations.
An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.
Sonbhadra police have arrested five individuals from Rajasthan for operating an inter-state cyber crime racket involving blackmail, extortion, and impersonation, which allegedly led to a man's suicide.
Indian stock markets saw a significant rebound, with the Sensex jumping nearly 790 points, primarily fuelled by strong buying interest in telecom, pharma, and private banking shares, despite a volatile trading session and a weakening rupee.
India is set to introduce a new amendment to its anti-paper leak law in the Lok Sabha, aiming to establish fast-track courts across all states and union territories for swift trials and significantly harsher penalties for exam malpractices, including jail terms of 5 to 10 years and fines up to Rs 50 lakh for individuals, and up to Rs 10 crore for organised crimes.
'Earlier, people used to hand money directly to priests after a ritual, and priests would keep it in their own pockets. We completely stopped that practice.'
ICICI Bank is seeking recoveries of at least 100 crore from fintech firms, alleging merchant misclassification of their business, a practice that has eroded the bank's interchange income. The dispute, lodged with global card network Visa, highlights growing discomfort among banks and intensified scrutiny from the Reserve Bank of India.
Temasek is exploring investment opportunities in India's booming IPL cricket league, a senior executive told Reuters, making the Singapore state investor the latest player to target one of the world's richest sports tournaments.
The Special Investigation Team (SIT) probing the alleged embezzlement of donations at the Ram temple in Ayodhya is expected to submit its final report to the Uttar Pradesh government shortly, sources said on Thursday.
Be aware of a set of costs that never appears on a college's fee page. They sit as clauses near the end of the state counselling body's prospectus and, in many states, not even there, warns Ashok Hegde, founder, neet2seat.
Bangladesh is actively pursuing a cricket series against India in September, utilising sports diplomacy to mend strained bilateral ties following a controversy involving Mustafizur Rahman and Bangladesh's subsequent T20 World Cup boycott.
The Haryana government has authorised the CBI to investigate the alleged involvement of five IAS officers in a Rs 590-crore fraud case involving IDFC First Bank. The CBI can now summon the officers for questioning.
The Madhya Pradesh cabinet has approved the draft Uniform Civil Code (UCC) bill, which will be introduced in the state assembly's monsoon session. The proposed legislation, excluding the tribal community, addresses marriage, live-in relationships, adoption, and inheritance, aiming for women's empowerment and social harmony. Chief Minister Mohan Yadav highlighted broad support and criticised the Congress for its stance.
Indian benchmark indices, Sensex and Nifty, staged a moderate rebound after a significant correction in the previous session, driven by foreign fund inflows and a largely positive trend in global markets, though geopolitical tensions between the US and Iran continued to foster caution.
