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

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

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

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

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

 India Post Payments Bank (IPPB) has been conferred the ‘Digital Payments Award 2024-25’. The award conferred in recognition of its super contribution to increasing digital payments and economic inclusion in country. The award provided by Finance Minister Nirmala Sitharaman and Pankaj Chaudhary, MoS Finance. India Post Payments Bank (IPPB) achieved 1st position among Payments Banks

HDFC Bank’s Chief Human Resource Officer (CHRO) Vinay Razdan resigned resigns on 18 June.  As per the notice, 18 June was Razdan’s last working day with India’s largest private sector lender. However, the bank did not divulge any reason for Razdan’s resignation. “This is to tell you that Mr. Vinay Razdan has tendered his resignation

The Central Bank of Nigeria has dismissed financial ruin claims make on social media about a Fidelity Bank. In a declaration on Monday by using the apex bank’s performing spokesperson, Hakama Sidi Ali, assured that Nigeria’s banking area remained resilient, secure, and sound. The rationalization comes amid reports that advocate that Fidelity is going through

The RBI on Friday stated that it has imposed financial fines on ICICI Bank, Axis Bank, Bank of Maharashtra, IDBI Bank, and Bank of Baroda for deficiencies in regulatory compliance, with the fines going as high as Rs 98 lakh. RBI Fines on Axis Bank , ICICI and IDBI Banks In its declaration explaining the

Starting May 1, 2025, the Centre’s One State One RRB coverage comes into effect in order to considerably restructure the USA’s Regional Rural Bank (RRB) community. As per a Finance Ministry statement, 26 RRBs across 11 states and one Union Territory had been amalgamated, reduce the total amount of RRBs from 43 to 28. About