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A Union Bank assistant manager faces charges for allegedly leaking deposit data, which the bank claims caused a Rs 3,145 crore share value drop. The FIR alleges breach of trust and cheating.
The Halal Fayida cooperative society, an Islamic banking venture, appears to be in financial difficulties, with investors struggling to recover their money.
Of the total penalty amount collected, private banks amassed ₹4948.71 crore, whereas the 12 public sector banks recovered ₹2137.92 crore.
A financial fraud of over £10 million has been unearthed at a service cooperative bank in Idukki, India, involving fake loan accounts and fictitious beneficiaries.
India's Reserve Bank has demonstrated innovation and agility in managing economic challenges, particularly through its latest initiatives on FCNR deposits and external commercial borrowings, attracting significant inflows.
Following intervention by officers from Patana Police Station, the remains were taken back and reburied.
A family of four is homeless in Paravur after a bank sealed their leased house, locking their belongings inside.
The RBI has issued ‘Deposit Locker/Safe Custody Article Facility provided by the banks - Revised Instructions’, on August 18, 2021 and the banks have been advised to frame their own Board approved policy/operational guidelines, considering the same.
Determined to support her son’s independence, Shobha learned to drive and bought a car.
They sourced saplings from nurseries across the district, travelling through several towns before planting 21 vines.
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