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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 in cyber fraud

Team PGurus - April 13, 2025

This marks the fourth such technical disruption within a single month, raising concerns about the resilience of India’s leading digital payment system

Nationwide UPI outage disrupts digital payments across major platforms

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

The complaint was filed by Indian Overseas Bank against Truedom EPC Limited. Notably, Minister Nehru’s brother, N Ravichandran, is a director in the firm

ED raids Tamil Nadu Minister K N Nehru’s premises in bank fraud probe

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs.2,100 crore

RBI directs IndusInd to complete remedial action this month; assures customers of bank’s stability

The company violated RBI guidelines on data confidentiality and security of customer information

RBI terminates licenses of 2 NBFCs for breach of rules

PGurus Newsdesk - July 8, 2024 0

Hindenburg alleged that SEBI’s omission of Kotak’s name may be meant to protect the businessman Uday Kotak from scrutiny

Hindenburg accuses SEBI of hiding the role of Kotak Mahindra Bank...

Team PGurus - July 2, 2024 1

The ED's investigation has uncovered that assets worth thousands of crores, have been allegedly parked under shell companies' name

ED raids Amtek Group in Delhi-NCR, Mumbai, Nagpur in over Rs.20,000...

Team PGurus - June 20, 2024 2

RBI had flagged certain concerns on excessive growth in the unsecured retail loans and over-reliance of NBFCs on bank funding

RBI Governor warns banks, NBFCs over slapping extra fees on customers

PGurus Newsdesk - June 7, 2024 0

The RBI Annual Report highlights efforts to expand the global presence of both UPI and RuPay

Viksit Bharat 2047: RBI, NPCI International Payments aims to expand UPI...

PGurus Newsdesk - June 3, 2024 0

RBI said it has finalized a strategic action plan for 2024-25 and envisaged liberalization of external commercial borrowing framework

RBI to allow opening of rupee account outside India

PGurus Newsdesk - May 31, 2024 0

Purchasing trend via UPI/QR code is due to the fact that digital transactions take a jiffy to complete the purchase journey via smartphones

UPI payments surge in India, leading to a change in spending...

PGurus Newsdesk - May 12, 2024 0

RBI has lifted the restriction with immediate effect

RBI lifts ban on Bank of Baroda’s BoB World

PGurus Newsdesk - May 9, 2024 0

The move to settle bilateral trade payments between the two countries in local currencies will reduce dependence on the US dollar and help to strengthen the rupee

India, Ghana agree to operationalize UPI link within 6 months

PGurus Newsdesk - May 6, 2024 0

Who are all holding this high-value currency worth Rs.7961 crores?

Rs.7961 crores worth Rs.2000 notes not yet returned, says RBI. 97.76%...

Team PGurus - May 2, 2024 0

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BOOKS

What Sastry reveals in his book is a horrifying narrative of how Ramoji and Challa Kondiah went about this methodical destruction of the system

M.V.R. Sastry’s Devudunnadu Jagratha – A detailed examination – Part 1

The sudden and mind-boggling change in the political attitude of the Buddhist leadership in Ladakh in 2020 forms an important part of the book

Prof Hari Om’s new book “Buddhists Playing With Fire” hits the...

The book unveils an Eastern mystery of ancient Hindu wisdom and Yogic science especially for their benefit

Review of “The Manthan Code” (author Shambhu Sundriyal)

Ashwin acknowledges the need for standout performances to gain recognition, admitting that his bowling may not always be visually appealing

‘I Have the Streets’ – R Ashwin & Sidharth Monga

The book brings out the virtues and qualities the Governor (Ruler) should possess, what qualities the Mantris or council of Ministers have, etc

K Parasaran Miscellany: A book that needs to be read by...