Category : Banking


45 Paise Insurance Yields ₹10 Lakh After 6-Year Fight

A man's decision to pay 45 paise for travel insurance while booking a train ticket in 2020 resulted in his family receiving ₹10 lakh compensation after his accidental death, following a lengthy legal battle with the insurance company.

Textile Stock Gains as 9-Month Profit Rises 3.4%

A leading textile company reports a 3.4% increase in profit for the first nine months of the fiscal year, with its quarterly results drawing significant market attention and investor interest.

Bharat Bandh Partially Hits Banks, Insurance Firms

The Bharat Bandh protest against four labour codes partially disrupted banks and government insurance companies, while most central government departments operated normally. SBI employees did not join the strike led by AIBEA.

Lucknow Bank Held Hostage Over Alleged Financial Scam

A mob of account holders besieged a bank branch at Dr Shakuntala Mishra National Rehabilitation University, alleging unauthorized withdrawals of crores of rupees. The protest lasted over six hours, with staff held captive until police intervention.

RBI Tightens Loan Recovery Rules to Protect Borrowers

The Reserve Bank of India has introduced stricter norms for loan recovery, banning harsh practices and requiring banks to resolve complaints before starting repossession. These rules take effect in July 2026.

ED Attaches Rs 1.2 Cr in Goa Bank Fraud Case

The Enforcement Directorate has provisionally attached properties worth Rs 1.2 crore linked to a Rs 2.8 crore UCO Bank fraud involving fake gold loans in Goa. Accused used counterfeit gold to secure loans across three branches.

Udupi Bank Seal Fraud in Property Tax Payments

A major fraud case involving misuse of a bank seal and duplicate challans in property tax payments has been registered at Udupi Town police station. Officials discovered discrepancies during routine checks, leading to suspicions of cheating and forgery.

Indian IT Stocks Crash as Global Tech Sell-Off Spreads

Infosys and Wipro ADRs fell sharply amid a global tech sell-off, driven by AI disruption fears and strong US jobs data reducing rate cut hopes. The Nifty IT index dropped 5.5%, erasing Rs 1.3 lakh crore in market cap.

PSU Bank Stocks Scale New Peaks as Rally Continues in 2026

PSU banking stocks maintain their upward momentum in 2026, with the Nifty PSU Bank index reaching an all-time high. Robust Q3 earnings, credit growth, and improved asset quality drive the rally, despite market volatility and budget concerns.

SBI Extends CBO Recruitment Deadline to February 2026

State Bank of India has extended the application deadline for 2,050 Circle Based Officer positions to February 25, 2026. The online registration process is open, with eligibility requiring a graduation degree and Indian citizenship.

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