banking

Jodhpur, March 30 In a significant ruling on the scope of police powers during financial investigations, the Jodhpur bench of the Rajasthan High Court has held that banks cannot impose a blanket freeze on accounts at the behest of investigating agencies.The court stated that any restriction...

Union Finance Minister Nirmala Sitharaman stated that banks in the country operate under a strict legal and regulatory framework to ensure the safety and confidentiality of customer data. The Minister was responding to supplementary questions during Question Hour in the Lok Sabha today. Ms...

Gandhinagar, March 28: Gujarat's GIFT City has experienced rapid growth in financial activity and international participation, positioning India as a competitive global financial hub. This has prompted Chief Minister Bhupendra Patel to describe it as a "vibrant reality driving economic growth."...

Mumbai, March 24 American bank JP Morgan has appointed HSBC Group veteran Rahul Badhwar as its senior country officer for India.Sjoerd Leenart, JP Morgan's chief executive for Asia Pacific, made the announcement about Badhwar's appointment.Badhwar replaces Kaustubh Kulkarni, the senior...

New Delhi, March 24 The unclaimed amount transferred by public sector banks to the Depositor Education and Awareness (DEA) Fund of the Reserve Bank of India stood at ₹60,518 crore as of January 2026, the Rajya Sabha was informed on Tuesday.Additionally, the unclaimed insurance amount...

New Delhi, March 23 DBS Bank India announced the launch of its direct tax payment facility on Monday, following authorization from the Central Board of Direct Taxes (CBDT).The bank will now be able to collect direct tax payments on the TIN 2.0 platform, in addition to its existing capability...

New Delhi, March 23 Shares of HDFC Bank have been on a downward trend, falling by nearly 12 per cent in three days, after its non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics".On Monday, the heavyweight stock plummeted 4.70 per cent to...

New Delhi, March 22 – The Press Information Bureau (PIB) has flagged a fake message circulating on social media that claims State Bank of India’s (SBI) YONO app accounts will be blocked if users do not update their Aadhaar details immediately.The purported message instructs recipients to...

Thane, March 22 Police have registered a case against a former female accounts clerk of a cooperative credit society in Thane city, Maharashtra, for allegedly stealing gold ornaments worth Rs 5.66 lakh belonging to customers, officials said on Sunday.The alleged offense took place between June...

New Delhi, March 21 Private sector lender Axis Bank has announced a partnership with the DP World Professional Golf Tour of India (DP World PGTI) as its official banking partner.This collaboration marks a significant step towards strengthening the growth of professional golf in India while...

New Delhi, March 21 Days after the resignation of HDFC Bank chairman Atanu Chakraborty, citing ethical concerns, the bank has terminated the services of three employees for gaps in client onboarding at its Dubai International Financial Centre (DIFC) branch.According to sources, HDFC Bank has...

New Delhi, March 20 HDFC Bank's shares continued to fall on Friday, declining by over 2%, after its non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics".The blue-chip stock dropped 2.36% to ₹780.75 on the BSE.At the NSE, it edged lower by...

New Delhi, March 19 IT major Wipro announced on Thursday the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients.The new facility will...

New Delhi, March 19 HDFC Bank's shares plunged by over 5 per cent on Thursday after Atanu Chakraborty resigned as chairman of the country's second-largest lender, citing ethical concerns.The blue-chip stock fell by 5.13 per cent to close at Rs 799.70 on the BSE, recovering some of its sharp...

New Delhi, March 19 HDFC Bank's shares plunged by nearly 9% on Thursday morning trading after Atanu Chakraborty resigned as chairman of the country's second-largest lender, citing ethical concerns.The blue-chip stock fell by 8.41% to Rs 772 – its 52-week low – on the BSE.On the NSE, the...

New Delhi, March 19 In a sudden move, Atanu Chakraborty resigned as chairman of the country's second-largest lender, HDFC Bank, citing ethical concerns.This is the first time that the part-time chairman of HDFC Bank has resigned mid-way, raising concerns about its functioning."Certain events...

New Delhi, March 18 Axis Bank announced on Wednesday that it has approved a proposal to inject ₹1,500 crore into its NBFC arm, Axis Finance Ltd (AFL), through a rights issue over the next year to fund business growth.The Acquisitions, Divestments and Merger Committee of the bank's Board of...

Bengaluru, March 12 Fexo, an AI intelligence platform focused on the BFSI sector, announced on Thursday the launch of its proprietary AI decisioning engine for business loans.The new system is designed to help banks, NBFCs, and financial services providers accelerate the adoption of AI across...

Jaipur, March 10 Jaipur police arranged for a foreign woman to get back her money within 24 hours after she mistakenly paid Rs 30,000 instead of Rs 3,000 for a taxi ride, officials said on Tuesday.Rajesh Gautam, the SHO of Kotwali police station, said the woman from Slovakia had come to India...

Mumbai, March 10 A government-appointed high-level committee on banking for Viksit Bharat could examine issues such as consolidation among lenders and foreign investor voting caps, according to Karthik Srinivasan, senior vice president and group head - financial sector ratings at ICRA."The...