indian banking

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    Willful Defaulters: India's Banks Face Rs 40.6 Billion in Debt

    New Delhi, March 16 Top 10 willful defaulters, including ABG Shipyard, Gitanjali Gems, and Housing Development and Infrastructure, owe Rs 40,635 crore to banks as of March 31, 2025, Parliament was informed on Monday.ABG Shipyard Ltd tops the list with Rs 6,695 crore due to banks, followed by...
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    Banks Waive Penalties for Low Savings Account Balances

    New Delhi, March 9 Approximately 72 crore Basic Savings Bank Deposit Accounts (BSBDAs), including those under the PM Jan Dhan scheme, are not subject to any penalties for failing to maintain a minimum balance, Finance Minister Nirmala Sitharaman said on Monday.In a written reply to a question...
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    Chartered Accountant Faces Custodial Interrogation in Money Laundering Probe

    New Delhi, February 18 The Supreme Court on Wednesday refused to grant anticipatory bail to a chartered accountant in a money laundering investigation linked to a ₹640 crore cyber fraud case.A bench of Justices MM Sundresh and Augustine George Masih upheld the order of the Delhi High Court...
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