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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......

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......

Fino 1st payments bank to get RBI nod to turn SFB

Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB). Illustration: Dominic......

RBI imposes Rs 91 lakh penalty on HDFC Bank

A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday. Photograph: Shailesh Andrade/Reuters The......

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,......