Banking

A Special Investigation Team (SIT) has been constituted under the supervision of senior IPS officer Ganga Ram Punia to probe the case

Finance Ministry sources say probe has flagged GST evasion, shell entities and payment aggregators in alleged banned online gaming operations, leading to arrest of a senior bank official

Fino Payments Bank says its MD Rishi Gupta and the bank had no role in alleged GST violations linked to programme managers; Finance Minister Nirmala Sitharaman says she will review the issue

Additionally, the share of gold loans in overall retail loans of banks has now doubled to 6 per cent (January 2026), from 3 per cent as of January 2025

Experian report shows strong rebound in secured lending, while unsecured loans recover from last year's decline; average ticket sizes rise across segments

Move follows NFIS 2025-30 observations and RBI survey findings flagging inadequate and delayed remuneration as key reasons for inactivity among Business Correspondents

Experian data shows secured loans growing 42% in Q3FY26, led by strong demand for gold loans, even as unsecured lending rebounded and home loans maintained steady momentum

As per the RBI holiday calendar, banks in India will observe a number of public and regional holidays in March 2026. These holidays differ from state to state and are not consistent nationwide

Around 5,000 Yes Bank forex card customers were hit by fraudulent transactions totalling $280,000, with the bank blocking several attempts and initiating chargebacks to prevent financial loss

Credit card spending eased to Rs 2 trillion in January after festive highs, though outstanding cards rose to 116.65 million as issuers recalibrated amid tighter norms and shifting customer profiles

On Sunday, the IDFC First Bank disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government

IDFC First Bank refunds Rs 583 crore to Haryana government after detecting a Rs 590-crore fraud, engages KPMG for a forensic audit and works with authorities on recovery

Fortnightly issuance hits ₹1.34 trn; outstanding at record ₹6.62 trn

Earlier on Monday, Sebi chairman Pandey said the stock market regulator has received a representation from the industry on the issue

Banks are likely to invest around Rs 7 trillion in G-secs in FY27 as deposit growth strengthens and SLR requirements rise, with RBI expected to use OMOs to manage liquidity, analysts said

IDFC First Bank says the Rs 590 crore fraud at its Chandigarh branch was an isolated case, suspends staff, appoints KPMG for forensic audit, and asserts it has adequate buffers to absorb the impact

Affected accounts belong to Haryana govt ; 4 suspended

The greenfield facility in Bhubaneswar is designed to house core computing systems supporting the central bank's currency management

It has nearly ₹1 trn capacity to lend towards this segment; bank to file prospectus with Sebi by March for SBI MF IPO

Aggregated portfolio outstanding stood at Rs 320.9 trillion in December 2025, down 7.2% Q-o-Q and 18% Y-o-Y, while 180-plus DPD stress rose sharply year-on-year