India Needs Multiple World-Class Banks: FM
Finance Minister Nirmala Sitharaman pushes for banking sector transformation, emphasizing India's need for multiple large, world-class banks to support its expanding economy and compete globally.
Category : Search result: banking scams
India Retains Bank Shareholder Voting Rights Cap at 26%
Exclusive: Indian government plans to maintain 26% cap on voting rights for major bank shareholders, ensuring regulatory control while balancing foreign investment interests in banking sector reforms.
SBI vs HDFC: The Widening Valuation Gap Mystery
Discover why SBI trades at a significant discount to HDFC Bank despite similar asset growth. Analysis of NIMs, fee income, and market positioning reveals surprising insights about India's banking giants.
India Needs World-Class Banks: FM Sitharaman
Finance Minister Nirmala Sitharaman announces strategic discussions with RBI and banks to create large-scale, globally competitive Indian banking institutions that can drive economic growth.
India's Digital Banking Fraud Crisis Exposed
India faces an alarming rise in digital banking fraud with UPI and fintech apps becoming prime targets. Learn how scammers operate and what RBI recommends for protection.
Gujarat man trafficked 12 to Thailand as cyber slaves
Ahmedabad police uncover human trafficking racket where 12 men were lured to Thailand-Myanmar border under false job promises and forced to work as cyber slaves in scam call centers.
India's Financial Crime Fight Gets FATF Recognition
India achieves major FATF recognition for strengthening anti-money laundering framework and enhancing asset recovery capabilities in financial crime battle.
PSU Banks Record ₹49,456 Cr Profit in Q2
India's public sector banks achieve historic quarterly profits with 9% growth, driven by reduced bad loans and improved interest income. Discover how state-owned lenders are transforming their financial landscape.
Delhi Police Warns Against Fake Property Listing Scams
Delhi Police issues urgent warning about sophisticated fake property scams flooding online platforms. Learn how to protect yourself from fraudulent listings offering unbelievable deals.
Credit-Deposit Ratio Breaches 80% in Festive October
India's banking sector witnesses robust credit growth as festive demand drives loan disbursements, pushing the credit-deposit ratio beyond 80% for the first time in recent history, according to CAREEdge Ratings analysis.
Indian Bank MD Backs Jharkhand's Economic Growth
Indian Bank's Managing Director Binod Kumar commits to accelerating Jharkhand's economic development through enhanced banking services, digital transformation, and robust credit support for key sectors.
SBI Launches Single Window KYC via YONO App
State Bank of India announces groundbreaking single window KYC system through YONO app, eliminating repetitive verification processes and enhancing digital banking convenience for millions of customers.
City Union Bank Stock Soars 8% to Record High
City Union Bank stock skyrockets to all-time high as Q2 results exceed expectations, delivering impressive 50% returns year-to-date. Read the full analysis of their stellar performance.
Supreme Court's Iron Fist Against Digital Arrest Scams
India's Supreme Court takes stern stance against 'digital arrest' scams, directing authorities to combat sophisticated cybercrime operations targeting citizens nationwide.
Kerala Tourism Crisis: Foreign Tourists Report Harassment
International tourists in Kerala are facing aggressive touts, exorbitant pricing, and safety concerns, tarnishing the state's 'God's Own Country' image. Learn about the growing complaints and official responses.
Indian Banks: Extended Margin Squeeze Ahead
Despite recent profitability, Indian banks confront sustained pressure on net interest margins as deposit costs rise and credit growth slows. Experts warn the worst may not be over yet.
Indian Banks Sell G-Secs Amid Liquidity Crunch
Indian banks are offloading government securities worth billions to address worsening liquidity conditions and meet surging credit demand as deposit growth lags significantly behind.
Bank of Baroda Shares Surge 5% to 52-Week High
Bank of Baroda shares surge to one-year peak as Q2 results exceed expectations, delivering impressive 52% returns in just eight months. Discover what's driving this banking stock's remarkable rally.
Ludhiana Bank Fraud: ₹9.5L Scam Exposed
In a major banking scandal, two officials from a Ludhiana bank have been charged with embezzling ₹9.5 lakh through fraudulent fixed deposit transactions. The FIR reveals how the duo manipulated records to siphon customer funds.
Belarus Appoints First Foreign Bank CEO from UAE
In a groundbreaking financial development, Belarus appoints its first foreign bank CEO from the UAE, creating unprecedented opportunities for Indian trade and investment in Eastern Europe.
Aadhaar Banking Rules Change Nov 1: New Charges
Major Aadhaar-enabled banking updates take effect November 1. Learn about new charges, transaction limits, and how these changes impact your banking experience.
Global Investors Flock to Indian Banking Sector
Discover why global investors are pouring billions into Indian banks as economic growth, digital transformation, and regulatory stability create unprecedented opportunities in the banking sector.
Gaza Banks Reopen But Cash Reserves Dry Up
As Gaza emerges from conflict, residents face a new battle - banks have reopened but cash reserves have dried up, leaving thousands unable to access their savings and salaries.
SEBI Sets Timeline for Banking Derivatives Overhaul
Market regulator SEBI announces concrete timeline for derivatives restructuring on banking indices to deepen sector representation and enhance market efficiency. Key changes coming to Bank Nifty, Bankex, and Finnifty.
Scamlands: India's Multi-Billion Rupee Fraud Industry Exposed
A shocking new nonfiction reveals how scams became India's shadow economy, exploiting digital transformation and fractured society. Must-read investigation into modern India's dark underbelly.
Liquid Credit Crisis Benefits India's Private Lenders
As traditional liquid credit markets face turmoil, Ares Management reveals why Indian private lenders are positioned to capitalize on this disruption and fill the funding gap.
Ex-Bank Manager Arrested in Mumbai Fraud Case
A former bank manager faces CBI custody in Mumbai for allegedly cheating customers of crores. ED investigates money laundering angle in the banking fraud case.
Union Bank & Indian Bank Get RBI Nod for Overseas Merger
In a strategic banking sector reform, Union Bank of India and Indian Bank receive RBI approval to merge overseas operations. This landmark decision enhances international presence across 13+ countries including UK, UAE, and Hong Kong.
Foreign Investors Bet Big on Indian Private Banks
Discover why global investors are pouring money into Indian private banks and what this signals about the health and future prospects of India's banking sector.
Haryana families lose ₹60 lakh in US deportation crisis
Heartbreaking stories emerge from Haryana as multiple families face financial ruin after spending fortunes on US education consultants, only to see their children deported for visa violations. Discover the human cost of immigration fraud.
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