Four individuals, including two bank managers, have been arrested in Telangana for allegedly siphoning off Rs 2.65 crore from a state-owned bank branch in Nalgonda district.
A bank manager in Ghaziabad was shot dead by a security guard following disputes over salary and leave, leading to the arrest of the guard and an accomplice.
A special CBI court in Mumbai has convicted a retired bank manager and nine others in connection with a 2004 loan fraud case, sentencing them to prison terms ranging from one to five years.
Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
Emirates NBD Bank has successfully acquired a 60 per cent majority stake in RBL Bank through a primary capital infusion of approximately USD 2.75 billion, marking the largest foreign direct investment in India's banking sector.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
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.
Despite the Reserve Bank of India's (RBI) and the government's recent initiatives to attract foreign capital, which are expected to alleviate pressure on long-duration bonds, most debt fund managers are maintaining a cautious stance, favouring shorter-duration papers due to global uncertainties and potential future rate hikes.
A 31-year-old bank manager was found dead under mysterious circumstances inside the washroom of a pub in Bengaluru. Police are investigating the incident.
The Reserve Bank of India has approved a three-month extension for Keki Mistry as the interim chairman of HDFC Bank, continuing his tenure until September 18, 2026, or until a regular chairman is appointed.
'...A new challenge has emerged in the form of Mythos.'
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.
The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank, citing that the bank's affairs were conducted in a manner detrimental to the interests of the bank and its depositors, and its management was prejudicial to public interest.
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.
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.
LAMF allows investors to access liquidity while staying invested.
Coach Carlo Ancelotti is hopeful he will have Neymar available for more minutes in Monday's World Cup round of 32 fixture against Japan in Houston, and believes his Brazil side are ready for anything in what will be a tough knockout fixture.
Bank of Baroda has partnered with Reliance Jio to provide access to its mobile banking application, 'bob World Lite', for users of Jio feature phones, aiming to promote financial inclusion and digital payments.
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.
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.
In the draft norms issued last month, the RBI said that the ultimate responsibility for the bank's performance, conduct and control rests with the Board
Three suspected bank robbers under police custody were killed in Peshawar, Pakistan, after unidentified gunmen attacked the police escort team. The suspects were being taken to identify crime scenes when the ambush occurred, resulting in a shootout and a subsequent search operation for the attackers.
AU Small Finance Bank has launched its first AI-native loan origination system, built on the Broccoli platform, in partnership with Amazon Web Services. This deployment marks a significant step towards becoming a fully AI-native bank, replacing traditional systems with a hyper-personalised sales and servicing platform.
Five masked gunmen stormed a nationalised bank in Madhya Pradesh's Singrauli district, making off with Rs 14 lakh after threatening staff and customers at gunpoint.
Private sector lender Yes Bank reported a 45 per cent increase in its March quarter net profit to Rs 1,068 crore, with its new managing director and CEO, Vinay M. Tonse, signalling the end of its over six-year-long recovery phase and a readiness to align loan growth with the broader banking sector.
Analysts have largely maintained a bullish outlook on HDFC Bank and ICICI Bank following their Q4FY26 results, though their perspectives on future growth drivers differ. HDFC Bank's near-term performance is tied to accelerating loan growth, while ICICI Bank is seen as a strong candidate for a valuation rerating.
The Economic Offences Wing of the Crime Branch has filed a chargesheet against 11 people in a financial fraud case linked to an HDFC Bank branch in Shopian district.
'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'
Former HDFC Bank chairman Atanu Chakraborty cites misselling of AT-1 bonds and underperformance as key reasons for his resignation, dismissing personal differences as a major factor.
The Enforcement Directorate has arrested two former IDFC First Bank employees in connection with a money laundering case involving the alleged embezzlement of Rs 590 crore in Haryana government funds.
The Badminton Association of India (BAI) has invited Expressions of Interest (EOI) from various organisations to conceptualise, develop, and manage a new professional badminton league in India. The initiative aims to create a sustainable league structure focused on commercialisation, fan engagement, and long-term growth of the sport. Interested parties must demonstrate strong financial capability and experience in managing sports leagues, with proposals due by June 30.
Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.
Five masked gunmen robbed a Bank of Maharashtra branch in Singrauli, Madhya Pradesh, stealing gold and cash worth Rs 5.7 crore. One suspect has been arrested in Bihar.
Investigators recovered nearly Rs 80 lakh in cash and some foreign currency from six of the accused.
Luka Modric is expected to lead Croatia at what could be his final World Cup as Zlatko Dalic's side aim to continue their remarkable record of success on football's biggest stage despite fitness concerns over their captain.
A senior official of a nationalised bank allegedly committed suicide in Baramati, Pune district, Maharashtra, citing work pressure in a note.
The rupee has been among the The RBI uses the Iran-US peace deal to bolster its forex reserves.
The Delhi Metro Rail Corporation has partnered with Airtel Payments Bank to launch co-branded RuPay National Common Mobility Cards (NCMC), enabling seamless payments across various transit networks nationwide.
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.
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.
