The Enforcement Directorate (ED) conducts raids at several places connected to industrialist Anil Ambani’s agencies in Mumbai. State Bank of India (SBI) declares the Reliance Communications and its MD Anil Ambani as ‘fraud’. While Ambani’s personal house was not a part of the raid operation, the ED teams from Delhi and Mumbai visited premises tied

One 97 Communications Ltd, the figure of Paytm said consolidated net income of Rs 123 crore in the region ended June 30, 2025 as against net lack of Rs 839 crore a year in the history, aided by strong lending industry and as it kept a decent lid on charges, in particular marketing and employee

The State Bank of India (SBI) has classified the loan account of Anil Ambani Reliance Communications (RCom) as ‘fraud’.  RCom filed a securities filing on Tuesday, disclosing the circulate of India’s largest lender. Last year, Canara Bank also tagged the RCom loan account as ‘fraud’. Reliance Communications is a part of the company led through

The government are considering a reduction in GST rates on essential items, including pulses, puffed rice, tea, and besan, per reputable sources. This rates expected to reduce the expenses of many daily-use products that is part of every family’s monthly expenses, mainly for middle-income households suffering from rising fees. With GST rates at all-time highs,

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