India's banks are handing out more loans, but deposits aren't keeping upIndian banks witnessed a surge in lending during the April-June quarter, outpacing deposit growth and widening the funding gap. This trend,...
04 Jul, 2026, 01.55 PM IST
RBI imposes Rs 66.7 lakh penalty on Bank of Baroda, GIC Housing FinanceThe Reserve Bank of India has levied significant penalties on Bank of Baroda and GIC Housing Finance for regulatory breaches. Bank of Barod...
03 Jul, 2026, 07.35 PM IST
Fake Canadian admission scam exposed: Study abroad dream turns fraud as Chandigarh panel orders ₹12.35 lakh refund to studentA Chandigarh consumer commission has ordered a visa consultancy and its former employee to refund ₹12.35 lakh with interest to a young woma...
03 Jul, 2026, 06.33 PM IST
Bank of Baroda to pay $600 million to settle NMC Health insolvency claimsBank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of g...
03 Jul, 2026, 09.01 AM IST
BoB, BoI, PNB see 350 bps credit-deposit gap widenThree major public sector banks – Bank of Baroda, Bank of India, and Punjab National Bank – are showing a significant gap between their cre...
03 Jul, 2026, 06.10 AM IST
HDFC Bank develops own AI platform, fraud monitoring systemHDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-ho...
03 Jul, 2026, 12.27 AM IST
Bank of Baroda settles NMC Health dispute for $600 million; Q1 credit grows 17%Bank of Baroda has settled a significant legal dispute with NMC Health entities for USD 600 million, resolving claims under UAE and UK regu...
02 Jul, 2026, 04.23 PM IST
UAE central bank restrictions may dampen NRI dollar mobilisationNew UAE Central Bank rules are creating hurdles for Indian banks seeking to attract NRI dollar deposits. Restrictions on representative off...
02 Jul, 2026, 09.53 AM IST
Sparrow Capital closes third fund at Rs 475 crore, means to write bigger chequesAbout 60% of the corpus came from global endowments, foundations, funds of funds, and family offices, and the rest from startup founders, o...
02 Jul, 2026, 08.58 AM IST
Promoters with fraud loan A/Cs may not get to join other companies as directorsThe move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not...
02 Jul, 2026, 12.24 AM IST
Singapore police say AI chip fraud suspects face additional fraud and money laundering chargesThe charges relate to an investigation of fraud by falsely representing who would be the end-user of servers purchased from Dell, Super M...
01 Jul, 2026, 05.15 PM IST
Haryana scam shocker: IAS officer arrested on retirement day in ₹593-crore IDFC Bank fraud probeIn a significant development, the CBI apprehended senior IAS officer Pardeep Kumar on his retirement day in connection with a ₹593-crore Ha...
01 Jul, 2026, 02.13 PM IST
Kisan Credit Card loan 'scam' unearthed in Jammu and KashmirJammu and Kashmir Crime Branch's Economic Offences Wing has exposed a significant Kisan Credit Card loan scam. A daily wage JK Bank employe...
01 Jul, 2026, 01.31 PM IST
BoB, Mizuho Bank forge partnership to enhance collaboration in M&A financingBank of Baroda has joined forces with Japan's Mizuho Bank to boost their capabilities in mergers and acquisitions financing. This collabora...
30 Jun, 2026, 09.11 PM IST
Canara Bank, Bank of Baroda, Indian Bank pay Rs 7,023 cr dividend to govt for FY26Three public sector banks, Canara Bank, Bank of Baroda, and Indian Bank, collectively disbursed Rs 7,023 crore in dividends to the governme...
29 Jun, 2026, 10.28 PM IST
IIP growth reached a five-month high of 5.1% in MayIndia's industrial production surged to a five-month high of 5.1% in May, driven by robust growth in electricity and manufacturing sectors....
29 Jun, 2026, 06.59 PM IST
ED probes auditors, vendors for colluding with CMRL MD in Kerala money laundering caseThe Enforcement Directorate is investigating Cochin Minerals and Rutile Limited (CMRL) for alleged money laundering, focusing on payments t...
22 Jun, 2026, 12.02 AM IST