The National Consumer Disputes Redressal Commission (NCDRC) has ordered Axis Bank to pay more than ₹3.19 crore with 6% interest to a Delhi-based company after the bank refused to accept its cash deposit during the 2016 demonetisation period. The Government of India had announced demonetisation in 2015. Rs.500 and Rs.1000 notes were withdrawn from circulation…
A female bank employee became the victim of a chain snatching incident while she was out for a walk in Gwalior. The incident took place on Friday night near MP Sons Departmental Store and Hotel Sugar Palm in the area under the University police station. Incident Happened During Evening Walk The victim has been identified…
Varanasi, Uttar Pradesh: Police have arrested a bank officer in connection with the suicide of a 26-year-old woman who allegedly took the extreme step due to dowry harassment. The incident took place in Mahadevpuram Colony under the Shivpur police station area. Woman Died by Suicide on February 27 The victim, Kajal (26), was found hanging…
The Government of India has decided to cancel the strategic disinvestment of IDBI Bank. As per the sources, the disinvestment has been cancelled as the financial bids received from investors were lower than the reserve price set for the sale transaction. The decision was taken after reviewing the bids submitted by the shortlisted bidders. For…
The total outstanding credit card dues in scheduled commercial banks have increased significantly over the past three years. RBI said that it does not maintain data at the ecosystem level regarding unpaid credit card dues or the number of customers who roll over their credit card balances instead of paying the full amount. However, the…
In an important financial development, Shree Digvijay Cement Company Limited has secured term loan facilities worth ₹488 crore from two major banks to support its business plans and financing requirements. Background of the Agreement Earlier, on 4 September 2025, the company had announced its proposal to enter into a Brand Usage, Supply and Distributorship Agreement…
A fire broke out on Friday morning at a branch of Indian Bank located on Palace Road in Ratlam. The incident caused significant damage to computers, air conditioners, furniture, and several important documents kept inside the bank premises. Fire Breaks Out at Indian Bank Branch in Ratlam According to reports, residents living near the bank…
Police in Raipur have exposed a gang involved in buying and selling mule bank accounts and using them for illegal financial transactions. In connection with the case, police arrested two accused, including a long-absconding permanent warrant holder. According to the police, the gang used to collect bank account details and ATM cards from people by…
The Central Bureau of Investigation (CBI) has arrested an Assistant Manager of State Bank of India (SBI) in a bribery case in Assam. The bank officer was caught while allegedly demanding and accepting a bribe of ₹16,000 from a complainant. According to the CBI, the accused officer was working as an Assistant Manager and Loan…
A fire broke out on Friday morning at a branch of Central Bank of India located in Bahrol area of Sagar District. The incident caused panic among bank employees and customers who were present inside the branch at the time. According to initial information, the bank had opened in the morning as usual and employees…