Congress leader, others are accused of flouting norms by diverting the cooperative bank's funds to private entities
Banking

Maharashtra Congress leader found guilty in Nagpur co-op bank’s Rs.150 cr...

PGurus Newsdesk - 0
Massive surge in Digital payments in Ayodhya as city gears up for Shri Ram Mandir consecration ceremony
Banking

Ayodhya sees a massive surge in digital payments as city gears...

PGurus Newsdesk - 0
The RBI's move is aimed at stopping banks and NBFCs from using the AIF channel as a way to artificially sustain or extend the life of their loans
Banking

RBI tightens rules for banks, NBFCs’ investments in Alternate Investment Funds

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RBI’s action is based on deficiencies in regulatory compliance
Banking

RBI imposes fine on 1 bank in Mumbai and 3 in...

PGurus Newsdesk - 1
CBI conducted searches at around 13 locations including at Kolkata and in Karnataka's Mangaluru at the premises of accused and others
Banking

CBI searches 13 locations in 2 states over Rs.820 cr IMPS...

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The ED said that during probe it was found that all the accused persons had managed to
Banking

ED arrests J&K State Co-operative Bank’s ex-Chairman in Rs.250 cr PMLA...

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Shaktikanta Das said that many lenders were depending too much on the algorithms to make their decisions and there was a need to analyze data more carefully before making investment decisions
Banking

RBI Governor expresses concern over high dependence of NBFCs on bank...

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The court issued notices to the branch manager and general manager to explain why the bank pursued legal action against a deceased individual
Banking

Delhi Court dismisses SBI’s suit against deceased loan defaulter

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The supervisory restrictions will be reviewed upon the rectification of the said deficiencies to the satisfaction of RBI
Banking

RBI directs Bajaj Finance to stop sanction, disbursal of loans under...

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The proceeds of crime in the form of overvalued loans were deposited in the bank account maintained with the Pulpally Service Cooperative Bank
Banking

ED attaches assets worth Rs.4.34 cr in Pulpally Service Cooperative Bank...

PGurus Newsdesk - 0
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