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Probe Agency ED Attaches Rs 1,120 Crore Assets Linked To Anil Ambani's Firms
The ED has attached assets worth Rs 1,120 crore belonging to Reliance Anil Ambani Group entities in connection with the alleged bank fraud cases involving Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL), and Yes Bank.
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RBI Slashes Repo Rate By 25 Basis Points Amid Rupee Slump: What It Means
The repo rate is the interest rate at which commercial banks borrow money from the RBI by pledging government securities.
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RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
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Bulldozer Action Against Chhangur Baba, Mastermind Of Conversion Gang
The Uttar Pradesh government on Tuesday demolished the residence and commercial establishments of Jamaluddin alias Chhangur Baba, a man accused of orchestrating a large-scale religious conversion racket.
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China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
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Maruti Suzuki, Equitas Bank Join Hands For Retail Car Loans
The partnership between Maruti Suzuki and Equitas Banks aims at providing financial solutions for new cars, used cars, and commercial vehicles.
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RBI Cuts Repo Rate To 5.50%: What This Means
The repo rate is the interest rate at which the RBI lends money to commercial banks.
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Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
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SBI Hiring For 2,964 Circle Based Officer Posts, Check Eligibility, Selection Process
SBI Recruitment 2025: Candidates should have at least two years of work experience as an officer in a Scheduled Commercial Bank or Regional Rural Bank as of April 30.
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Syria Orders Freeze Of Bank Accounts Linked To Former Regime
Syria's central bank has ordered commercial banks to freeze all accounts tied to people and companies linked to the ousted regime of former President Bashar alAssad, according to
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How Vietnamese Business Tycoon Masterminded World's Biggest Bank Fraud
Truong My Lan, a 68-year-old real estate tycoon, was convicted in April 2024 for using hundreds of ghost companies to control Saigon Commercial Bank and embezzle billions.
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India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
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Samsung Reportedly Working on a Super App for Financial Services
Samsung is trying to enter the commercial banking space with a new super app, as per a report. The South Korean tech giant already has a financial services app called Momino, but now it reportedly wants to upgrade it and turn it into a super app, of the likes of WeChat. If the information is to be believed, this will also mark the entry of the tech...
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Ethiopian Bank's Technical Glitch Lets Customers Withdraw Millions
The largest commercial bank in Ethiopia is working urgently to recover substantial amounts of money withdrawn by customers following a "systems glitch."
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Uday Kotak Compares New York Property Discount To Mumbai's BKC, Comment Viral
As per a post by investor Nilesh Shah on X, the building was last sold for $150 million against its previously sold cost of $500 million.
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Probe Agency ED Attaches Rs 1,120 Crore Assets Linked To Anil Ambani's Firms
The ED has attached assets worth Rs 1,120 crore belonging to Reliance Anil Ambani Group entities in connection with the alleged bank fraud cases involving Reliance Home Finance Limited (RHFL), Reliance Commercial Finance Limited (RCFL), and Yes Bank.
-
RBI Slashes Repo Rate By 25 Basis Points Amid Rupee Slump: What It Means
The repo rate is the interest rate at which commercial banks borrow money from the RBI by pledging government securities.
-
RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as p...
-
Bulldozer Action Against Chhangur Baba, Mastermind Of Conversion Gang
The Uttar Pradesh government on Tuesday demolished the residence and commercial establishments of Jamaluddin alias Chhangur Baba, a man accused of orchestrating a large-scale religious conversion racket.
-
China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
-
Maruti Suzuki, Equitas Bank Join Hands For Retail Car Loans
The partnership between Maruti Suzuki and Equitas Banks aims at providing financial solutions for new cars, used cars, and commercial vehicles.
-
RBI Cuts Repo Rate To 5.50%: What This Means
The repo rate is the interest rate at which the RBI lends money to commercial banks.
-
Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
-
SBI Hiring For 2,964 Circle Based Officer Posts, Check Eligibility, Selection Process
SBI Recruitment 2025: Candidates should have at least two years of work experience as an officer in a Scheduled Commercial Bank or Regional Rural Bank as of April 30.
-
Syria Orders Freeze Of Bank Accounts Linked To Former Regime
Syria's central bank has ordered commercial banks to freeze all accounts tied to people and companies linked to the ousted regime of former President Bashar alAssad, according to
-
How Vietnamese Business Tycoon Masterminded World's Biggest Bank Fraud
Truong My Lan, a 68-year-old real estate tycoon, was convicted in April 2024 for using hundreds of ghost companies to control Saigon Commercial Bank and embezzle billions.
-
India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
-
Samsung Reportedly Working on a Super App for Financial Services
Samsung is trying to enter the commercial banking space with a new super app, as per a report. The South Korean tech giant already has a financial services app called Momino, but now it reportedly wants to upgrade it and turn it into a super app, of the likes of WeChat. If the information is to be believed, this will also mark the entry of the tech...
-
Ethiopian Bank's Technical Glitch Lets Customers Withdraw Millions
The largest commercial bank in Ethiopia is working urgently to recover substantial amounts of money withdrawn by customers following a "systems glitch."
-
Uday Kotak Compares New York Property Discount To Mumbai's BKC, Comment Viral
As per a post by investor Nilesh Shah on X, the building was last sold for $150 million against its previously sold cost of $500 million.
