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India's foreign exchange reserves rise by $810 mn to $653.7 bn on June 21: RBI

India's foreign exchange reserves rose to $653.7 billion during the week ended on June 21, with the rupee hitting a record low against the dollar.

A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India. (Reuters)
Published on Jun 28, 2024 08:08 PM IST
By | Edited by Abhyjith K. Ashokan

Indians report nearly 800 online financial fraud cases a day, are you protected?

Online financial fraud cases in India worth above ₹1 lakh each, add up to ₹1,457 crore in total value, with a further ₹653 crore with the others included.

India sees nearly 800 financial fraud cases every day (iStock)
Published on Jun 25, 2024 03:46 PM IST
By | Edited by Abhyjith K. Ashokan

RBI appoints director on the board of Bandhan Bank after drop in profits

RBI has appointed a director to the private lender, Bandhan Bank's board, after low performance from the entity leading to a decrease in profits

Bandhan Bank’s initial public offer was subscribed nearly 15 times.(Reuters File Photo)
Published on Jun 25, 2024 02:21 PM IST

Is there a major ATM shortage in India? Banks complain to RBI, government

Leading bankers raised the issue in a meeting with officials last month saying, “We have discussed the issue internally."

As per industry insiders, the initial reason for low capacity is connected to the 'Make in India' guidelines implemented in FY20.
Updated on Jun 19, 2024 02:50 PM IST

RBI imposes 1.45 crore fine on Central Bank of India, 96.4 lakh on Sonali bank

RBI cited violations in customer protection and know-your-customer (KYC) norms.

Representational(Reuters)
Published on Jun 15, 2024 06:24 PM IST
By | Edited by Abhyjith K. Ashokan
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