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PUBLIC SECTOR BANKS FRAUD
Privatise all CPSEs; bring oil, gas, alcohol under GST: US think tank wishlist for IndiaA US think tank proposed thirty reforms to boost India's economic growth. These suggestions include a ten-year plan for privatizing all CPS...
Banks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS FinanceBanks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five...
Don't put a toll on UPI: Why merchant discount rate isn't the answerA proposal to introduce a merchant discount rate (MDR) on UPI transactions above ₹2,000 for businesses with annual turnover of ₹1-1.5 crore...
Nearly 55.49 crore UPI users onboarded by June 2026Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reached 24,162 crore in volume and Rs 3...
AI is reshaping hiring, making evidence-based verification more critical: Millow's Karan BhattyAI is revolutionising Indian hiring by enhancing candidate preparation and employer verification processes. Companies now prioritise eviden...
CBI raids 6 locations across 4 states in Rs 1,109-crore bank fraud case against infra firmThe operation conducted on Saturday covered residential premises of accused directors of Gupta Power Infrastructure Ltd in Bhubaneswar, com...
SBI Capital Markets, HDFC Bank among 4 book runners appointed for NLC India Renewables IPONLC India Renewables has engaged four investment banks to facilitate its much-anticipated initial public offering. This IPO is designed to ...
Did PM Modi announce a Rs 25 lakh monthly income scheme? Here's the truthA fake video using artificial intelligence shows Prime Minister Modi promoting an investment scheme. This fraudulent platform falsely promi...
West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay MalhotraReserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent re...
Five things to know about Trump's election fraud allegationsPresident Trump declassified intelligence to support his election fraud claims. He has repeatedly claimed the 2020 elections were rigged. T...
ED raids 13 locations in Rohingya, Bangladeshi illegal infiltration and terror funding probeThe Enforcement Directorate has launched extensive searches in multiple states concerning a terror-funding investigation that reportedly in...
Public sector modernisation efforts accelerate amid infrastructure challenges: ReportIndian public sector organisations are accelerating AI adoption for improved services. Containerisation and hybrid cloud infrastructure are...
HDFC Bank gets RBI nod to appoint Rajiv Kumar as part-time chairmanHDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term as chairman will begin on July 15,...
7,700 jobs down: India’s top private banks’ workforce reduce as tech wonder gets busyIndia's largest private banks are reducing staff numbers. This shift reflects increased automation and artificial intelligence adoption. Te...
Insurance distribution boosts fee income at most public sector banks in FY26Public sector banks earned higher insurance commissions in FY26, with most lenders reporting growth. Mutual fund distribution income showed...
Govt eyes uniform digital platform username rulesThe platforms, which currently rely on mobile phone numbers for user identification, had submitted their formal responses to the government...
Wage, fuel spike hit ATM cash services in four statesThe one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular...
Singham vs scammers? Bandhan Bank brings Rohit Shetty for Cyber Cop missionBandhan Bank has launched Cyber Cop, a nationwide cyber fraud awareness campaign under its CSR programme with filmmaker Rohit Shetty, as cy...
ED sends letters rogatory abroad, seeks info on foreign operativesThe Enforcement Directorate is investigating a sophisticated transnational cyber fraud network. This syndicate used mule bank accounts and ...
The ATM story: Banks move to cash recyclers from just dispensersMore than 15,000 ATM units are expected to come up for request for proposals (RFPs) for cash recyclers, with nearly 77% of these belonging ...