RBI Proposes New Rules to Curb Financial Mis-selling
The Reserve Bank of India has issued draft regulations targeting mis-selling by banks and financial institutions, emphasizing suitability assessments and explicit consent to protect consumers.
Category : Banking
TransUnion CIBIL and SBI YONO App Integrate Credit Score
TransUnion CIBIL and State Bank of India's YONO app collaborate to embed CIBIL score and report features directly into everyday digital banking for enhanced financial management.
Haryana Recovers ₹556 Crore in IDFC First Bank Fraud
Haryana Chief Minister Nayab Singh Saini announced the recovery of ₹556 crore in the IDFC First Bank fraud case, involving government-linked accounts and swift action within 24 hours.
Gold Futures Drop Rs 496 to Rs 1.61 Lakh per 10 Grams
Gold futures in India experienced a significant drop, falling by Rs 496 to Rs 1.61 lakh per 10 grams, reflecting ongoing market volatility and investor caution.
Haryana CM: Rs 590 Crore Recovered from IDFC Bank Fraud
Haryana Chief Minister Nayab Singh Saini has confirmed the recovery of Rs 590 crore lost in a major fraud involving IDFC Bank, highlighting state efforts to combat financial crimes.
Samatva Launches Credit Rehabilitation for Loan Defaulters
Samatva introduces credit rehabilitation services to assist unintentional loan and credit card defaulters in rebuilding their credit scores, offering a structured path to financial recovery.
Bombay HC Allows Banks to Tag Anil Ambani Accounts as Fraud
The Bombay High Court has overturned a stay, allowing public sector banks to classify Anil Ambani's accounts as fraud, following appeals against a 2025 interim order.
PrimeVex on Trading Discipline for Retail Investor Control
PrimeVex emphasizes the critical role of trading discipline and risk management as retail investors increasingly seek greater control over their financial decisions in volatile markets.
Haryana Recovers Rs 556 Crore in IDFC First Bank Fraud
Haryana Chief Minister Nayab Singh Saini announced recovery of nearly Rs 556 crore in the IDFC First Bank fraud case within 24 hours. The fraud involved Rs 590 crore in government accounts.
Satyendra Kumar: Pioneer of India's Financial Modernization
Satyendra Kumar's visionary leadership transformed India's financial sector, driving modernization through key reforms in banking, taxation, and digital infrastructure.
Haryana Recovers Rs 556 Crore IDFC Bank Fraud with Interest
Haryana Chief Minister Nayab Singh Saini announced in the Assembly that the entire Rs 556 crore from the IDFC Bank fraud case has been recovered with interest, marking a significant victory in financial governance.
PNB Recruitment 2026 Last Date Today for 5138 Posts
Punjab National Bank closes registration for over 5138 apprentice vacancies today, February 24, 2026. Check eligibility, age relaxation, and application steps.
Rupee Falls 7 Paise to 90.96 Against Dollar in Early Trade
The Indian rupee depreciated by 7 paise to 90.96 against the US dollar in early trade on February 24, 2026. Weak domestic equity markets pressured the currency, but FII inflows provided support to limit the decline, according to forex traders.
IDFC First Bank Stock Rebounds After Fraud Crash
IDFC First Bank shares opened in green on Tuesday, recovering slightly after a 16% crash triggered by a Rs 590 crore fraud at its Chandigarh branch involving Haryana government accounts.
Salem Banks Hold ₹109 Crore Unclaimed Funds for 10 Years
Salem district officials intensify efforts to trace holders of over ₹109 crore in unclaimed bank accounts, with a nationwide total of ₹1.82 lakh crore lying dormant for over a decade.
EPFO to Auto-Refund Small Unclaimed Balances in Pilot
The EPFO will automatically refund money from nearly 7 lakh small-balance inoperative accounts without paperwork, transferring up to Rs 1,000 to Aadhaar-linked bank accounts in a new pilot.
Jalandhar EPFO Settles 1.54 Lakh Claims, Disburses Rs 465 Cr
The Employees' Provident Fund Organisation in Jalandhar processed over 1.54 lakh claims in 2025, disbursing a substantial Rs 465 crore to beneficiaries, showcasing efficient service delivery.
Sebi Revamps PMS Rules by 2026, Plans IPO Trading System
Sebi chairman Tuhin Kanta Pandey announces comprehensive review of portfolio management regulations by mid-2026 and explores formal system for trading IPO-bound company stocks to curb grey market activity.
IDFC First Bank Rs 590 Crore Fraud, CEO Vows Profitability
IDFC First Bank reports a Rs 590 crore fraud in Haryana govt-linked accounts via employee collusion at its Chandigarh branch. CEO V Vaidyanathan assures profitability despite the hit, with KPMG forensic audit underway.
CBI Case: Rs 2.81 Crore Post Office Savings Scam in Bharuch
CBI files case against 12 postal officials for allegedly diverting Rs 2.81 crore from small savers' POSB accounts in Bharuch. Funds rerouted via internal employee accounts using digital transfers.
Sitharaman Warns Banks on Insurance Mis-Selling
Finance Minister Nirmala Sitharaman sternly warned banks to stop mis-selling insurance products and focus on core banking services. RBI's new norms from July will mandate refunds and compensation for affected customers.
Nashik's Rs 200 Crore Green Bonds to List on NSE, BSE
Nashik Municipal Corporation will list Rs 200 crore green bonds on NSE and BSE to fund water treatment expansion for Simhastha Kumbh Mela and future needs, offering 8.05% coupon rate.
Star Health: 50% Demand Jump Post-GST Cut, Coverage Up
Star Health and Allied Insurance reports a 50% increase in new health insurance policy demand and a 25% rise in average sum insured coverage following the GST rate reduction, with CEO Anand Roy detailing growth.
IDFC First Bank Rs 509 Crore Fraud Unfolded in Haryana
A Rs 590 crore discrepancy in Haryana government accounts triggered a 20% crash in IDFC First Bank shares, raising concerns about the Indian banking sector's stability. The CM vows recovery.
No Roadmap for Public Sector Bank Mergers: Sitharaman
Finance Minister Nirmala Sitharaman clarified that the government has no active roadmap for merging public sector banks, though a new banking reform committee will review the sector's future.
Sitharaman: Banks Spend Too Much Time Selling Insurance
Finance Minister Nirmala Sitharaman has raised concerns that banks are increasingly focusing on selling insurance products, potentially neglecting their primary banking duties and customer service.
RBI Office Attendant Admit Card 2026 Released for 572 Posts
The Reserve Bank of India has issued the Office Attendant Admit Card 2026 for the upcoming recruitment exam. Candidates can download hall tickets from rbi.org.in for exams on February 28 and March 1, 2026.
EPFO to Return Unclaimed Funds to 3.1 Million Subscribers
The Labour Ministry has launched an initiative to return unclaimed funds from inoperative EPFO accounts, benefiting over 3.1 million subscribers. A pilot phase for 0.7 million accounts will begin soon.
AU Small Finance Bank Earns Great Place to Work Award Sixth Year
AU Small Finance Bank has been certified as a Great Place to Work for the sixth consecutive year, highlighting its commitment to employee satisfaction and organizational culture.
Bitcoin Slumps as Trump Tariffs Spark Risk-Off Sentiment
Bitcoin fell 2%, briefly dipping below $65,000, as market unease and Trump's new global tariffs pressured crypto assets. Crypto-linked stocks like Coinbase also declined.
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