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Discover the latest banking news and updates on the banking sector in India with Newsblare. Stay informed about news trends, developments, and key insights.

Banking

Link PAN with Aadhaar by Today ( 31 Dec): Late Fee Details and Step-by-Step Guide

If you haven’t linked your PAN with Aadhaar yet, today is the last day to do so. The deadline for linking is today, December 31, 2025, giving taxpayers just a few hours to finish the process. The Income Tax Department has warned that PAN cards not linked with Aadhaar by the end of the day

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Banking

Major Recruitment Reform: Finance Ministry Standardises SBI, Nationalised & RRB Hiring Processes

Applicants preparing for jobs in major public sector banks across India now face a simpler and more consistent hiring process following the Finance Ministry’s latest directives. The Finance Ministry Standardises SBI by introduced a set of reforms. It focus on recruitment assessments and the schedule for result announcements. It affects the State Bank of India

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Banking

RBI hit HDFC Bank with Rs 91 lakh penalty for violating Banking Norms

The Reserve Bank of India (RBI) fined HDFC Bank Rs 91 lakh for breaking rules about Know Your Customer (KYC), interest rates, and outsourcing. On Friday, RBI performed a Statutory Inspection for Supervisory Evaluation (ISE 2024) of the bank, looking at its financial status as of March 31, 2024. RBI punish HDFC bank with Rs

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Banking

Bandhan Bank sells ₹7k crore unsecured retail loans to ARCs

Bandhan Bank has decided to sell off unsecured retail loans, including non-performing assets and written-off accounts. The bank sells it at Rs 7,000 crore to asset reconstruction companies and other eligible buyers. It announced in a stock exchange filing on Thursday. It is one of the largest retail-loan sales by a private-sector lender in recent

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Banking

ICICI Bank Former Executive, FinReach Solutions raised Rs 21.9 crore funding

FinReach Solutions raised Rs 21.9 crore in a new funding round led by Colossa Ventures, along with existing investors Michael & Susan Dell Foundation, Omidyar Network Fund Inc., and Caspian SME Impact Fund IV. FinReach Solutions raised Rs 21.9 crore funding This new capital will help the private-sector credit guarantee facilitator expand operations and improve

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Banking

Bank Of India Declares Anil Ambani’s RCom Fraud for 724.78 crore loan

Days after the State Bank of India (SBI) labelled Anil Ambani’s Reliance Communications’ (RCom) accounts as fraud. The Bank of India (BOI) also categorised the loan accounts of the company, its promoter Anil Ambani, and Reliance Telecom as fraud. BOI state Anil Ambani’s RCom as fraud The bank accused them of misusing funds and breaking

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Banking

Kotak Mahindra Bank denies claim of Rs 1 septillion trillion Credit into Deceased women account

Kotak Mahindra Bank Ltd denies media reports that claimed an extensive amount credited to the account of a deceased women. The explanation comes after allegations by 19-year-old teens, Deepak alias Deepu, who said that a massive sum appeared in his late mother Gayatri Devi’s account. Gayatri Devi passed away 2 months ago, however the account

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Banking

₹10,01,35,60,00,00,00,00,00,01,00,23,56,00,00,00,00,299 Credited in Dead women account in Greater Noida

In a weird incident in Greater Noida, a 19-year-old young shocked to find that more than ₹1.13 lakh crore credited in his dead mother’s Kotak Mahindra Bank account. The account immediately frozen. The matter reach to income tax department for research. The shocking incident occurs in Dankaur, placed in Greater Noida, where the children determined

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Banking

HDB Financial Services IPO mobilised Rs 3,369 crore from anchor investors

HDB Financial Services, a subsidiary of HDFC Bank, on Tuesday said it has mobilised Rs 3,369 crore from anchor buyers, a afternoon before launch of its initial share sale for public subscription. Life Insurance Corporation of India, ICICI Prudential Mutual Fund (MF), SBI MF, Nippon India MF, ICICI Prudential Life Insurance, BlackRock, Royal Bank of

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Banking

Govt Cancels appointment of Pankaj Dwivedi as ED over sexual harassment case

The government has terminated the appointment of Pankaj Dwivedi as Executive Director of Union Bank of India. He directed to return to Punjab & Sind Bank, where he recruited on post of General Manager (GM). “We want to tell you that the Central Government … cancelled the appointment of Shri Pankaj Dwivedi as Executive Director

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Oscars 2025: Full List of Winners from the 97th Academy Awards