Reliance Communications Limited account has been classified as ‘fraud’ by Canara Bank and Canara Bank has ordered to report RCOM to RBI so as to get it reflected in the Central Fraud Registry. Canara Bank letter declaring Reliance Communications Account as Fraud Canara Bank has declared the loan account of Reliance Communications Ltd (RCOM) and…
Court Rejects Bail of 5 HDFC Bank Officials in Shopian Financial Fraud Case The Court of the Chief Judicial Magistrate in Shopian has rejected the bail applications of five officials of HDFC Bank who were arrested in connection with a large financial fraud case. The case is being investigated by the Economic Offences Wing (EOW)…
In Bihar, a train suddenly stopped after its loco pilot said his duty hours were over. After completing his 9-hour shift, the driver refused to continue the journey and followed railway rules. On Wednesday, his decision left hundreds of passengers stranded at Thakurganj Railway Station in Kishanganj district of Bihar. Thakurganj railway station in Bihar…
The Central Crime Station (CCS) of Hyderabad Police has registered a case against five former employees of Unity Small Finance Bank. They are accused of cheating the bank of nearly ₹70 crore by falsifying records. The case was registered based on a complaint filed by Ajay Kumar Punna. The accused include Basam Nikhilesh Reddy, former…
Ludhiana, Punjab: The police have booked a female employee of State Bank of India in Ludhiana, Punjab for allegedly embezzling ₹37.78 lakh by manipulating bank accounts and carrying out unauthorised withdrawals. The employee (Amandeep Kaur) was working at State Bank of India’s Shingar Cinema Road branch and has been placed under suspension. She is a resident…
Yes Bank has announced the appointment of Vinay Muralidhar Tonse as the Managing Director and Chief Executive Officer (MD and CEO)-Designate of the bank. The Reserve Bank of India has approved the appointment of Vinay Muralidhar Tonse as the Managing Director and CEO of Yes Bank for a period of three years from the date…
Is SBI forcing employees to do KYC without Documents and Customer Permission? SBI has suspended an employee who shared information of forced KYC updation on social media. SBI said : While being posted as Manager (Compliance & Risk) at RBO3 Jalandhar (Code: 5204), it has been observed that you were involved in violation of Code…
The Reserve Bank of India (RBI) has introduced a new compensation framework to help customers who suffer losses due to small value fraudulent electronic banking transactions. The rule aims to provide financial relief to genuine victims of online fraud. The compensation scheme applies to individual customers who lose up to ₹50,000 due to fraudulent electronic…
The Catholic Syrian Bank Staff Federation (CSBSF), affiliated with the Bank Employees Federation of India (BEFI), has issued an official strike notice to the management of CSB Bank Ltd. The union has informed the bank that its members will go on a one-day protest strike on 16 March 2026. The notice was issued on 28…
IDBI Bank Recruitment 2026 Notification Released for Assistant Manager & Junior Assistant Manager Posts IDBI Bank Assistant Manager & JAM Recruitment 2026: IDBI Bank has released the official notification for the recruitment of Assistant Manager Grade ‘A’ and Junior Assistant Manager Grade ‘O’ (Regional) posts. A total of 1300 vacancies have been announced for eligible…