General Finance News

[Sushubh]

New India Bank Fraud: Why RBI Needs To Be Made Accountable for Effective Supervision

This is not a Valentine Day gift that depositors of New India Cooperative Bank (NICB), founded by the late firebrand socialist leader and later defence minister, George Fernandes, had expected. On 14th February, they found themselves rushing to withdraw their money on learning that the Reserve...

www.moneylife.in

 

[Navjot Singh]

Source

 

[Sushubh]

Indian stocks' worst run in 29 years, wiping $1 trillion in wealth, may yet have legs | Reuters

 

[Sushubh]

Not a single bank free from doubt: Supreme Court moots CBI probe into bank-builder nexus

The Supreme Court on Tuesday expressed concerns over alleged collusion between banks and real estate developers in various housing projects financed through sub

www.barandbench.com

 

[Sushubh]

‘Returning money does not end the crime’; Bombay HC denies anticipatory bail to bank employee accused of siphoning Rs. 46.58 Lakhs

Bombay HC denied anticipatory bail to bank employee accused of siphoning Rs. 46.58 Lakhs; Stated returning money did not end the crime

www.scconline.com

 

[Sushubh]

ATM withdrawals to get costlier by Rs 2 from May 1

MUMBAI: The Reserve Bank has allowed banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1

www.newindianexpress.com

Must cost them a lot for us to use atms that exist already.

 

[Sushubh]

RBI allows minors over 10 years to operate bank accounts independently in India | Mint

 

[Sushubh]

For safer digital banking, banks to move to domain “Bank.in” by October 31, 2025, says RBI

The Reserve Bank of India (RBI) has mandated banks to migrate their net banking websites to the exclusive '.bank.in' domain by October 31, 2025. This initiative, announced on February 7, 2025, aims to combat online fraud, enhance cybersecurity, and boost public confidence in digital banking. The...

m.economictimes.com

 

[Navjot Singh]

Solves nothing.

 

[Sushubh]

Cooperative bank in Thrissur told to pay customers who lost pledged gold in burglary

THIRUVANANTHAPURAM: The National Consumer Disputes Redressal Commission (NCDRC) has directed Thrissur-based Manaloor Service Cooperative Bank to compensate 15 g

www.newindianexpress.com