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.
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.
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 (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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
'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.
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.
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.
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.
BJD president Naveen Patnaik has requested Union Finance Minister Nirmala Sitharaman's intervention in a case where an Odisha tribal man was forced to exhume his sister's skeleton to prove her death to a rural bank. Patnaik seeks accountability for the incident, which has sparked public outrage.
HDFC Bank reported an 8.04 per cent increase in its March quarter consolidated net profit to Rs 20,350.76 crore, but highlighted potential near-term risks for small-business borrowers due to the West Asia conflict. The bank's CEO also addressed the recent resignation of its non-executive chairman and hinted at a potential top-level reorganisation.
A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to prove her death and withdraw her money, sparking outrage and prompting government intervention.
A significant fraud involving the theft of gold ornaments and their replacement with fake jewellery has been discovered at a Canara Bank branch in Jalna district, Maharashtra. The alleged fraud amounts to Rs 7.31 crore.
Gurugram Police have arrested two former bank employees for allegedly fraudulently obtaining loans by accessing data of pre-approved accounts.
Former Reliance Communications Group managing director Amitabh Jhunjhunwala has been lodged in Mumbai's Arthur Road Jail after being arrested by the CBI in connection with a multi-crore bank loan fraud case.
A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to withdraw her money, sparking widespread condemnation. The bank claims it only requested valid documents, but the incident has raised questions about the treatment of vulnerable customers.
The Reserve Bank of India (RBI) announced that it processed 99.9 per cent of applications within the prescribed timeline under its Citizen's Charter in May 2026. The central bank handled 18,763 applications, showcasing efficient processing across various functions.
'The MPC is likely to prioritise the key mandate, which is inflation, while relying on other instruments to stabilise the currency and bond markets.'
Aditya Puri is one of the cleanest examples we have, in Indian corporate history, of a leader who understood early that the measure of his work was not what happened while he was in the chair. It was what would keep happening when he was no longer there, says Suresh M K.
Odisha Police have arrested a former banking correspondent for allegedly misappropriating around Rs 27 lakh of depositors' money in Jajpur district.
A tribal man in Odisha's Keonjhar district brought the skeleton of his dead sister to a bank to withdraw money deposited in her name after bank officials insisted on the account holder's presence.
HDFC Bank, India's largest private-sector lender, has revised its FY27 growth trajectory, stepping back from earlier guidance to align with a more measured 12 per cent year-on-year expansion, citing geopolitical uncertainties.
Most actively-managed equity mutual fund schemes outperformed their benchmarks despite volatility across domestic equity markets during the past year.
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances