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CSB Bank reported a 16% increase in Q2 profit, reaching ₹160 crore.
Cheques above ₹5 lakh require Positive Pay mandatorily as per RBI rules, while it is highly recommended for amounts above ₹50,000.
The case, registered on July 21, 2010, pertains to allegations that Surendran and others availed foreign bill purchase credit worth ₹1.5 crore from the Bank of India, Ludhiana, using forged documents.
RBI Governor clarifies bank's autonomy to set the minimum balance requirement for savings accounts.
ICICI Bank minimum balance requirement has increased fivefold for new savings accounts opened after August 1st.
Dhanlaxmi Bank reported a profit in Q1, reversing losses from the previous year.
Investigators suspect that unaccounted wealth amassed by narcotics rackets, smugglers and other black money operators may have also been funnelled through this bank.
Trade unions claim that Kerala will come to a standstill as part of the nationwide strike.
The bank's CASA stood at ₹36,204 crore, representing a 9.06% increase.
Indian banks' strong financial performance in FY25 has bolstered their credit profiles and set the stage for sustained growth, according to Fitch Ratings.
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