Category : Banking


11 Ahmedabad CAs Guilty in Bogus Donations Racket: ICAI

The ICAI Board of Discipline found 11 Ahmedabad chartered accountants guilty of professional misconduct in a bogus political donations scheme. After hearings, they were reprimanded despite I-T department allegations of tax evasion and fraudulent funding.

KPMG Partner Fined for AI Cheating on Ethics Exam

A KPMG Australia partner was fined A$10,000 for using AI tools to cheat on an internal AI ethics training course. The firm confirmed over two dozen staff have been caught using AI to game exams this year, highlighting a growing industry-wide problem.

Bengaluru EV Buyer Wins Rs 85,000 for Document Issues

A Bengaluru resident received Rs 85,000 compensation after the consumer commission ruled that My EV Store and Shriram Finance failed to provide proper documents for his electric scooter, citing deficiency in service and unfair trade practices.

Silver Futures Drop 2% to Rs 24 Lakh/kg on Global Cues

Silver futures in India declined sharply by nearly 2% to Rs 24 lakh per kilogram, driven by weak global market trends and reduced demand. The drop reflects broader economic uncertainties affecting precious metals.

UPI One World Pilot for AI Summit Delegates Launched

NPCI extends UPI One World wallet service as a pilot for international delegates at India AI Impact Summit 2026, enabling foreign visitors from 40+ countries to make UPI payments without Indian bank accounts or mobile numbers.

PSU Banks Fined Rs 8,621 Crore for Minimum Balance Lapses

A parliamentary committee report discloses that public sector banks in India collected Rs 8,621.12 crore in penalties over five years for customers not maintaining minimum balances, with Uttar Pradesh leading at Rs 1,233.97 crore.

Bank Credit Outpaces Deposits, CD Ratio Hits 96.9% in FY26

Bank credit growth accelerated to a 19-month high of 14.6% by January 2026, sharply outpacing deposit growth and tightening system liquidity. The incremental credit-deposit ratio reached 96.9%, indicating banks lent nearly Rs 97 for every Rs 100 of fresh

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