RBI issues fresh guidelines on unclaimed deposits, inoperative accounts

RBI issues fresh guidelines on unclaimed deposits, inoperative accounts

The Reserve Bank of India (RBI) has issued comprehensive guidelines on unclaimed deposits, making ba..

Bank credit to industry slows in November

Bank credit to industry slows in November

Bank credit growth to industry decelerated to 6.1% in November versus 13% a year ago, data from the ..

Bank fraud cases more than double but value involved falls: RBI

Bank fraud cases more than double but value involved falls: RBI

While the number of fraud cases in the banking sector more than doubled during the first half of the..

RBI asks NBFCs to reduce dependence on banks for funds

RBI asks NBFCs to reduce dependence on banks for funds

The Reserve Bank of India (RBI) has asked non-banking financial companies (NBFCs) to broad-base thei..

South Indian Bank staffer booked for allegedly siphoning off Rs 28 cr

South Indian Bank staffer booked for allegedly siphoning off Rs 28 cr

An employee of South Indian Bank’s Noida branch has been booked for allegedly siphoning off more tha..

Unclaimed deposits with banks jump 28% to Rs 42,270 cr

Unclaimed deposits with banks jump 28% to Rs 42,270 cr

Unclaimed bank deposits are on the rise, touching Rs 42,270 crore as on March 2023. This is up 28% f..

ED attached Rs 64,920 cr crime proceeds in bank fraud cases

ED attached Rs 64,920 cr crime proceeds in bank fraud cases

The Enforcement Directorate has taken up 1,105 bank fraud cases, attached crime proceeds worth Rs 64..

RBI keeps repo rate unchanged at 6.5%

RBI keeps repo rate unchanged at 6.5%

The Reserve Bank of India (RBI) has kept the repo rate unchanged for the fifth consecutive time whil..

OTP not required for these kind of payments

OTP not required for these kind of payments

No one-time password (OTP) based authentication will be needed for UPI recurring payments up to Rs 1..

RBI to tighten connected lending rules

RBI to tighten connected lending rules

The Reserve Bank of India (RBI) proposes to come out with a regulatory framework for connected lendi..

IDFC First Bank expands youth-centric credit card portfolio with new launch

IDFC First Bank expands youth-centric credit card portfolio with new launch

Expanding its credit card offering for the youth, IDFC First Bank has launched the First SWYP Credit..

IDFC First Bank's ED resigns

IDFC First Bank's ED resigns

IDFC First Bank on Wednesday said its executive director Madhivanan Balakrishnan has tendered his re..

UCO Bank Fraud: Thousands of accounts opened around money transfer dates

UCO Bank Fraud: Thousands of accounts opened around money transfer dates

The CBI investigation into surprise credits totalling Rs 820 crore in the accounts of UCO Bank custo..

Public sector banks get Rs 15,183 crore on ED action: FM Nirmala Sitharaman

Public sector banks get Rs 15,183 crore on ED action: FM Nirmala Sitharaman

The Enforcement Directorate (ED) has confiscated assets worth Rs 15,186.64 crore under the stringent..

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

The Central Bureau of Investigation (CBI) has conducted searches at 13 locations in West Bengal and ..