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Kerala University demands Professor R Girish Kumar repay ₹16.51 lakh after a bank error transferred $20,000 instead of ₹20,000 to a Brazilian journalist. Faculty criticise the university's move against the professor, arguing it avoids pursuing the admitting bank.
But when they arrive this November, the couple will barely have ₹13,000 each to spend, despite earning together over ₹6 lakh a month.
The bank refused to refund the money, claiming that there was no negligence or deficiency in its service.
The SBI rate cut follows the Reserve Bank's 25 basis point cut in April for the second time in a row.
SBI said there was a 7.7 per cent increase in the Interest Income at ₹1,19,666 crore in the fourth quarter of 2025.
The affected digital platforms include Internet Banking, YONO, and UPI.
The financial intelligence wing of the bank declined the transaction after finding something suspicious in the recipient's account.
Senior citizens would be eligible for additional 50 basis points on the revised rates.
On March 18, the apex court told the SBI to stop being "selective" and make "complete disclosure" of all details related to the electoral bonds scheme by March 21.
The failed attempted at the ATM in Valakom was caught on CCTV.
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