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Supreme Court Junks HDFC Bank CEO's Plea Challenging Case By Lilavati Trust
The Supreme Court on Friday refused to entertain the plea of HDFC Bank CEO and MD Sashidhar Jagdishan seeking quashing of FIR lodged against him for cheating and fraud by Lilavati Kirtilal Mehta Medical Trust, as Bombay High Court is hearing plea.
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World Bank Approves $426 Million For Bengaluru Water Security Project
The World Bank has sanctioned USD 426 million for a new initiative to enhance water security for over four million residents in Bengaluru, officials said.
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Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
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Police To Attach Rs 168 Crore Properties In New India Co-op Bank case
In the first such instance in the city after the new criminal laws came into force, a court has allowed the police to attach 21 properties worth Rs 167.85 crore of five accused in the alleged case of embezzlement at the New India Co-operative Bank.
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Israeli Soldiers Kill 2 Palestinian Gunmen Who Opened Fire At Them In West Bank
Israeli soldiers killed two Palestinian gunmen who opened fire at them from a vehicle in the occupied West Bank, the military said on Saturday.
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Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
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RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
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Paytm Bank's Low Drop-Off In transactions May Prompt Deadline Extension: Report
Paytm Payments Bank, which India's central bank has ordered to wind down by Feb. 29, is seeing transactions it handles slowly drop off as customers are uncertain what will happen in March, according to two sources directly aware of the matter.
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Thousands of 'Paytm Payments Bank' Accounts Created Improperly: Report
Central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on to the country's financial crime-fighting agency, three sources familiar with the matter said.
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RBI Action Paytm Payments Bank: The Only Services Allowed Are...
The action has been taken nearly two years after the RBI directed Paytm Payments Bank to stop new customers from signing up.
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Second US Bank Collapses, Fed Says Will Ensure "Depositors' Savings Safe"
US authorities unveiled sweeping measures Sunday to rescue depositors' money in full from failed Silicon Valley Bank and to promise other institutions help in meeting customers' needs.
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Did Silicon Valley Bank Collapse Affect UK Banks? British Treasury's Reply
The problems of the failed SVB bank were "specific to the firm" and had no "implications for other banks operating in the UK," the British Treasury said Saturday.
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Goal Of Eradicating Extreme Poverty By 2030 Out Of Reach: World Bank
Covid-19 has dealt the "biggest setback" to global poverty reduction efforts in decades, and the World Bank warned Wednesday that the goal to eradicate extreme poverty by 2030 likely remains out-of-reach.
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Their Plan Was To Steal Rs 34 Crore From Bank. Then, This Happened
It was meant to be a Rs 34 crore heist wherein thieves stole cash from a private bank's vault in Thane district and dropped the cash stuffed bags down the AC duct, but they could decamp with only Rs 12.20 crore.
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India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
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Supreme Court Junks HDFC Bank CEO's Plea Challenging Case By Lilavati Trust
The Supreme Court on Friday refused to entertain the plea of HDFC Bank CEO and MD Sashidhar Jagdishan seeking quashing of FIR lodged against him for cheating and fraud by Lilavati Kirtilal Mehta Medical Trust, as Bombay High Court is hearing plea.
-
World Bank Approves $426 Million For Bengaluru Water Security Project
The World Bank has sanctioned USD 426 million for a new initiative to enhance water security for over four million residents in Bengaluru, officials said.
-
Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
-
Police To Attach Rs 168 Crore Properties In New India Co-op Bank case
In the first such instance in the city after the new criminal laws came into force, a court has allowed the police to attach 21 properties worth Rs 167.85 crore of five accused in the alleged case of embezzlement at the New India Co-operative Bank.
-
Israeli Soldiers Kill 2 Palestinian Gunmen Who Opened Fire At Them In West Bank
Israeli soldiers killed two Palestinian gunmen who opened fire at them from a vehicle in the occupied West Bank, the military said on Saturday.
-
Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
-
RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
-
Paytm Bank's Low Drop-Off In transactions May Prompt Deadline Extension: Report
Paytm Payments Bank, which India's central bank has ordered to wind down by Feb. 29, is seeing transactions it handles slowly drop off as customers are uncertain what will happen in March, according to two sources directly aware of the matter.
-
Thousands of 'Paytm Payments Bank' Accounts Created Improperly: Report
Central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on to the country's financial crime-fighting agency, three sources familiar with the matter said.
-
RBI Action Paytm Payments Bank: The Only Services Allowed Are...
The action has been taken nearly two years after the RBI directed Paytm Payments Bank to stop new customers from signing up.
-
Second US Bank Collapses, Fed Says Will Ensure "Depositors' Savings Safe"
US authorities unveiled sweeping measures Sunday to rescue depositors' money in full from failed Silicon Valley Bank and to promise other institutions help in meeting customers' needs.
-
Did Silicon Valley Bank Collapse Affect UK Banks? British Treasury's Reply
The problems of the failed SVB bank were "specific to the firm" and had no "implications for other banks operating in the UK," the British Treasury said Saturday.
-
Goal Of Eradicating Extreme Poverty By 2030 Out Of Reach: World Bank
Covid-19 has dealt the "biggest setback" to global poverty reduction efforts in decades, and the World Bank warned Wednesday that the goal to eradicate extreme poverty by 2030 likely remains out-of-reach.
-
Their Plan Was To Steal Rs 34 Crore From Bank. Then, This Happened
It was meant to be a Rs 34 crore heist wherein thieves stole cash from a private bank's vault in Thane district and dropped the cash stuffed bags down the AC duct, but they could decamp with only Rs 12.20 crore.
-
India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
