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.
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.
Odisha Chief Minister Naveen Patnaik has requested Union Finance Minister Nirmala Sitharaman's intervention in a case where a tribal man was forced to exhume his sister's skeleton to prove her death to a rural bank in Keonjhar district. Patnaik urged for accountability and empathy in rural banking services.
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 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.
World Bank President Ajay Banga has advocated for the deployment of 'Small AI' locally deployed artificial intelligence running on inexpensive hardware to address daily problems faced by farmers and rural communities in emerging markets.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
The Indian government has announced the replacement of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin), or VB-G RAM G Act, 2025, effective July 1. The new scheme aims to expand guaranteed wage employment and link it more closely with infrastructure development and climate resilience, but faces concerns from opposition parties and labour rights activists.
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.
Jeetu Munda, who carried his sister's skeleton to a bank in Odisha to withdraw money, has stated he does not want action taken against the bank officials after they released the funds. He received approximately Rs 15 lakh in donations following the incident.
'You empower a man, you are not necessarily empowering a family, you are just empowering him.'
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.
Boat services at Purushottampuri, a pilgrimage site in Beed district, have been suspended after a capsizing incident killed two women. Local residents allege that many private operators run services without proper licences or safety equipment.
Airpay Payment Services has partnered with Maharashtra State Co-operative Bank (MSCB) to enable UPI-based digital payments across the lender's network in Maharashtra, aiming to accelerate financial inclusion in rural areas.
Cash remains dominant for many transactions despite continued expansion in digital payments across the country.
The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.
Fuel prices have risen by about Rs 7.5 per litre since May 15, as global crude oil prices surged due to the ongoing conflict in West Asia and supply concerns around the Strait of Hormuz.
State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.
Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.
India has launched its first integrated phygital service centre in Umri village, Madhya Pradesh, aiming to provide online services and boost rural development through digital connectivity and various essential services.
Police have registered a case against three persons for allegedly cheating a tribal farmer of Rs 50.27 lakh by fraudulently withdrawing part of his land compensation for the Vadhvan Port project in Maharashtra's Palghar district, officials said on Thursday.
India's total automobile retail sales recorded a significant 9.55 per cent year-on-year growth in May, reaching an all-time high of 25,31,067 units, driven by strong performances in three-wheelers, passenger vehicles, and tractors, despite prevailing heatwave conditions and fuel price pressures.
A Melbourne-based Indian-origin teacher, Sunil Sharma, who went missing in Amritsar, was allegedly murdered by his brother, Satish Sharma, over a property dispute. Police investigations revealed Satish conspired with property dealers to usurp Sunil's properties, leading to his murder with a baseball bat after being drugged. Sunil's body was then disposed of in a canal, and his family, including his daughter, had appealed for help in finding him. Satish, his wife, and son have been arrested, and a search for the body and other conspirators is ongoing.
ICICI Bank reported a 9.28 per cent increase in its consolidated net profit to Rs 14,755 crore for the March quarter of FY26, primarily driven by a nearly 90 per cent reduction in provisioning. The bank's executive director, Sandeep Batra, noted strong asset growth but expressed caution regarding the geopolitical situation in West Asia.
The Centre has announced that the Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act will come into force across the country from July 1, replacing the Mahatma Gandhi National Rural Employment Guarantee Act.
Remunerate Business Correspondent Channel to bring sustainability and scalability in the model
Chief Economic Advisor V Anantha Nageswaran stated that India's economy is projected to return to a 7 per cent-plus growth trajectory by 2027-28 (FY28), or sooner if external conditions improve, despite near-term challenges from the West Asia crisis.
'Can you believe there are over 26,500 deaths linked to heatwave-driven ozone in 2024?'
The NTA has also confirmed that the upcoming re-examination, scheduled for June 21, 2026, will be conducted entirely free of cost for all previously registered candidates, funded fully through the agency's internal reserves.
Punjab Police have successfully traced and returned over 12,000 lost mobile phones to their owners in the past year, utilising technical and data analysis. The recoveries, estimated to be worth between Rs 15 to Rs 20 crore, were made possible through initiatives like the Central Equipment Identity Register (CEIR).
The Uttar Pradesh government announced it has paid a record Rs 3,21,963 crore to sugarcane growers since 2017, emphasising on-time payments and direct transfers to farmers' accounts. The government highlighted initiatives like farm loan waivers and the 'Smart Ganna Kisan' system for online sugarcane management.
Regional Rural Banks are to be merged by August end while consolidation process of commercial banks will be decided in due course of time, Finance Minister P Chidambaram said on Friday.
Jharkhand Police have arrested four individuals, including a candidate, for allegedly using high-tech methods to cheat during the SSC GD constable recruitment examination in Ranchi. The accused, all from Bihar, were caught attempting to hack computer systems at an online examination centre.
Rajasthan Police dismantled a cyber fraud operation, arresting 17 individuals for allegedly defrauding an accountant of Rs 5.30 crore by impersonating his company's chairman on WhatsApp.
RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.
India's retail inflation, measured by the Consumer Price Index (CPI), increased to 3.48 per cent in April, up from 3.40 per cent in March, primarily due to a surge in prices of gold and silver jewellery, as well as certain kitchen staples like tomatoes and cauliflower.
The source of a leaked NEET-UG 2024 guess paper has been traced to a medical student in Kerala, originally from Sikar, Rajasthan. The student shared the paper with friends and a hostel owner, leading to wider circulation and a subsequent investigation.
TMC leader Abhishek Banerjee criticised the BJP for not fulfilling its promises to the people of West Bengal, highlighting the success and continuation of the state's 'Lakshmir Bhandar' scheme.
About 196 Regional Rural Banks will participate in the nationwide strike called by central trade unions and federation of bank employees on May 21, in protest against the 'anti-labour' policies of government.
Three officials from leading private banks have been arrested for their alleged involvement in a Rs 2,500-crore cyber fraud in Gujarat's Rajkot district, bringing the total number of arrests in the case to 20, according to police reports.
