Onmanorama Lite App
Kasaragod police are investigating 'mule accounts' used to launder cyber-fraud money, as part of Operation Cy-Hunt. They have registered 26 cases, targeting individuals who rent out their accounts for small commissions.
A bank cleaner, Sreeja, was arrested for alleged financial fraud involving forged documents and misappropriated funds totalling ₹26.85 lakh, with police investigating accomplices.
A contract bank employee in Cherthala, Sreeja, has been booked for allegedly defrauding customers of ₹26,85,000 by posing as permanent staff and using counterfeit documents.
Economist Arvind Panagariya advocates privatising all public sector banks except one, citing growth. This proposal, however, raises concerns regarding financial inclusion, concentration risk, and undermining the public character of Indian banking.
An engaged SBI couple, Anusree and Amal, died by suicide hours apart in different states. Police ruled out foul play, attributing the tragic events to personal issues and emotional sensitivity.
The controversy over the proposed investment by Mediterranean Shipping Company (MSC) in Adani Vizhinjam Port Pvt. Ltd. and the market response expected to the initial public offering (IPO) of SBI Funds Management Ltd., in which the French multinational Amundi holds about one-third equity, present a
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.
Results 1-10 of 112
