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A comprehensive breakdown of the Finance Ministry’s disclosures in Parliament: massive loan write-offs by Public Sector Banks, improving capital positions without government infusion, rising digital fraud cases, and the scale of export credit disbursement over the past five years

PSU banks write off loans worth Rs.6.15 lakh crore in the last 5.5 years

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Loan write-offs, cyber frauds, export credit: Govt shares key banking data in LS Public sector banks have written off loans worth Rs.6.15 lakh crore in the...
SC criticises distressed co-op banks for attempting to use temple funds as financial lifelines.

Temple money belongs to the Deity, cannot be used to save cooperative banks: Supreme...

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SC slams Kerala Co-op Banks for withholding temple deposits The Supreme Court on Friday said that money belonging to a temple Deity cannot be used...
Banks and shadow lenders: the hidden connection

Are traditional banks putting taxpayer money into Shadow Banking? Is this legal?

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How safe is your money in the US of A? You do the hard yards, pay your taxes, follow all the rules and save for...
Eurozone central banks explained: the strange design behind Europe’s currency

1 Currency, 21 central banks! The sorry state of the EURO

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Euro nations maintain their own central banks as essential operational arms of the ECB 1. Why Eurozone countries still have their own central banks (NCBs) The...
Sensex, Nifty extend gains for 4th day

Sensex, Nifty extend winning streak for fourth straight session amid profit booking; banks, telecom...

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Sensex, Nifty close higher for fourth straight day amid mixed global cues Benchmark indices Sensex and Nifty 50 closed higher for the fourth consecutive session...
Surge driven by reclassification of 122 past cases per SC ruling; digital and loan frauds dominate

Banking frauds triple in FY25, public sector banks face highest losses

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RBI says, banking fraud amount triples to Rs.36,014 cr in FY25 The overall number of frauds, including those related to loan accounts and digital payments,...
The Top Court had then ordered the CBI to submit a roadmap on how it planned to unravel the

Supreme Court orders CBI probe after report claims fraud on homebuyers via builders-banks unholy...

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SC orders CBI inquiry into fraud on homebuyers Observing an "unholy nexus" between the banks and developers to dupe homebuyers, the Supreme Court of India...
Mule accounts are used by fraudsters to move illegal funds through the banking system

Indian Banks Association seeks power to freeze accounts in illicit transaction cases to rein...

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Banks seek power to block mule accounts To check cyber fraud through mule accounts, banks are seeking authority to freeze accounts involved in channelling illicit...
Mallya remains on bail in the UK while a “confidential” legal matter believed to be related to an asylum application is resolved in connection with the unrelated extradition proceedings

Indian banks win UK bankruptcy appeal in the Vijay Mallya case

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Vijay Mallya’s appeal against UK bankruptcy ruling rejected A consortium of Indian banks, led by the State Bank of India, on Wednesday won their court...
Mallya cited the Finance Ministry's 2024–25 report to claim banks recovered Rs.14,131.8 crore—over twice the Rs.6,203 crore awarded by the Debt Recovery Tribunal

Indian banks recovered over Rs.14,000 crore, twice what he owed, claims Vijay Mallya

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Mallya claims banks recovered Rs.14,132 cr—twice his debt Fugitive liquor baron Vijay Mallya has claimed that Indian banks have access to his properties worth Rs.14,131.6...

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