Category : Banking


UPI Hits Record ₹272.8L Cr in October

India's UPI ecosystem achieves unprecedented growth with record-breaking ₹272.8 lakh crore transaction value in October 2024, marking a massive 56% year-on-year surge as digital payments become mainstream.

Risky 2008-Era Mortgage Loans Make Dangerous Comeback

No-income verification mortgages, notorious for their role in the 2008 financial crisis, are experiencing a dramatic resurgence in the US housing market. Discover why lenders are returning to these dangerous loans and what it means for today's economy.

Indian Banks: Extended Margin Squeeze Ahead

Despite recent profitability, Indian banks confront sustained pressure on net interest margins as deposit costs rise and credit growth slows. Experts warn the worst may not be over yet.

Indian Banks Sell G-Secs Amid Liquidity Crunch

Indian banks are offloading government securities worth billions to address worsening liquidity conditions and meet surging credit demand as deposit growth lags significantly behind.

Bank Unions Oppose Public Sector Bank Mergers

Indian banking unions unite against proposed consolidation of Union Bank, Indian Overseas Bank, and other public sector banks, citing job security and service quality concerns.

India's Crypto Crossroads: RBI vs Stablecoins

Exclusive analysis of RBI's firm stance against stablecoins and how India's CBDC revolution could reshape the digital currency landscape. Discover the regulatory battle shaping India's financial future.

Mangaluru Senior Loses ₹1.39 Cr in Investment Fraud

A 67-year-old retired professional in Mangaluru loses life savings to elaborate investment fraud. Cybercrime police uncover multi-layered scam operation targeting senior citizens with fake stock market promises.

JPMorgan CEO Rejects WFH: 3 Missing Skills

JPMorgan CEO Jamie Dimon dismisses work-from-home requests, highlighting three essential professional skills that suffer in remote settings. Discover why the banking giant is pushing for office return.

Ludhiana Bank Fraud: ₹9.5L Scam Exposed

In a major banking scandal, two officials from a Ludhiana bank have been charged with embezzling ₹9.5 lakh through fraudulent fixed deposit transactions. The FIR reveals how the duo manipulated records to siphon customer funds.

Call Merging Scam: Protect Your Bank Account Now

Beware of the sophisticated call merging scam that's targeting Indian bank customers. Learn how this new digital fraud works and crucial steps to protect your life savings from cybercriminals.

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