IndusInd Bank has initiated a process to recover salary and bonuses from its former CEO Sumant Kathpalia and deputy CEO Arun Khurana after ...

A 26-year-old ICICI Bank relationship manager in Kota, Rajasthan, was arrested for stealing Rs 4.58 crore from customers, including senior ...

The Financial Intelligence Unit has fined Axis Bank over Rs 1.66 crore for failure to detect and report suspicious transactions involving a...

The Financial Intelligence Unit (FIU) has fined Axis Bank over Rs 1.66 crore for failing to detect and report suspicious transactions invol...

The high court dismissed a petition by an ex-assistant manager of the Reserve Bank of India (RBI), who was entrusted with processing and sh...

Earlier today, the RBI governor said the central bank has not accepted proposals for digital-only banks as such entities would pose risks t...

Indian Banks’ Association (IBA) has formed a committee under Canara Bank ED MV Rao to look into the nuances of staff accountability. The pa...

Reserve Bank of India has also sought information on steps taken by HDFC Bank to remedy any issues identified during the investigation

In a monetary suit filed on 10 January, the bank sought dismissal of Kochhar's petition and stated that the issue can be decided in a comme...

Bankers take many decisions to sanction loans for business entities under stress that can be construed as obtaining, pecuniary advantage fo...

Almost five years after the new Companies Act was enacted, it has so far failed to notify National Financial Reporting Authority (NFRA), pu...

Citibank has acknowledged that it runs the risk of possible fraud by its employees and internal controls may not always be effective.

Bankers said despite advancement in IT, most frauds are still being detected by way of internal audits, regulatory inspections and surprise...

Accounting regulator ICAI has asked the government to stop giving assignments to tainted audit firms, a move that would discourage wrong do...

Price Waterhouse partner S Gopalakrishnan, currently under arrest for his alleged role in fudging the books of Satyam Computer Services, ha...

Price Waterhouse partner S Gopalakrishnan alongwith two others has been found guilty of 'professional misconduct' in auditing the books of ...

Price Waterhouse partner S Gopalakrishnan, currently under arrest for his alleged role in fudging the books of Satyam Computer Services, al...