A relationship manager in an ICICI Bank department in Kota, Sakshi Gupta allegedly siphons Rs 4.58 crore from customers’ accounts, as per police reports. She was arrested a last week and currently under judicial custody, sources said. The accused, Sakshi Gupta, posted as a relationship manager at ICICI Bank’s DCM branch. Police said she had

Vijay Mallya is facing charges of fraud and money laundering in India. He claims that banks had recovered Rs 14,100 crore from him against his debt of Rs 6,203 crore. The former owner of RCB and Kingfisher Airlines also reiterated that he face discrimination against as opposed to different defaulters who obtained alleviation from banks.

On Friday, RBI cut repo rate by 50 bps to 5.5%, and marks the third reduction in 2025. The bank also shifted its financial coverage stance from ‘accommodative’ to ‘neutral,’ show a more balanced method to address growth and inflation going forward. Following the cost reduction, the Standing Deposit Facility (SDF) price revised to 5.25

On Wednesday, Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will start its 3-day meeting in Mumbai. The aim behind meeting is to determine the coverage of interest rates. The meeting held under the chairmanship of RBI Governor Sanjay Malhotra. The results of the meeting set to announced on Friday, June 6. RBI MPC

On Wednesday, the market regulator requested 5 senior IndusInd Bank officials. It include former deputy CEO Arun Khurana and previous CEO Sumant Kathpalia, to disgorge around Rs 20 crore for alleged insider trading. Khurana has to disgorge ₹14.4 crore, Kathpalia ₹5.21 crore, and other amounts range from ₹4 lakh to ₹7 lakh. Here’s how the

Ripple payments has announced that Zand Bank and fintech platform Mamo have become first UAE-based institutions to adopt its blockchain-enabled bills solution. The circulation follows Ripple’s receipt of a licence from the Dubai Financial Services Authority (DFSA), which allows the firm to offer virtual asset services in the Dubai International Financial Centre (DIFC). With the

The Executive Board of the International Monetary Fund (IMF) has approved two financing programs for Pakistan, disbursing about $2.4 billion under its financial reform and climate resilience programmes. Following its Executive Board meeting on May 9, the IMF stated it had completed the first analysis of Pakistan’s monetary reform application supported by the Extended Fund

A Bajaj company will be recognized next week as a result of a dividend statement. In 2024, the company paid a whopping dividend of Rs 170 on each assets. Now, the company has introduced the timetable for the next dividend statement. The next dividend announcement will take place in the Q4 results FY2025. If the

The authorities are reportedly reviewing an offer to impose GST on UPI Payments exceeding ₹2,000. According to reports, UPI transactions above a certain threshold can also appeal to a higher GST, which the authorities are attempting to review. Under the revised notion, digital payments made through UPI that go ₹2,000 in a single transaction may

The SEBI Chairman Tuhin Kanta Pandey has advised stakeholders for a collaborative ecosystem to acquire higher company governance and ease of doing business. Addressing an event organized by the business body on Thursday, the Confederation of Indian Industry (CII) SEBI Chief said, “As a regulator, SEBI has laid down a complete governance bodywork on corporate