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IDFC First Bank Rs 590 crore fraud: From government accounts to jewellery shops, uncovering the trail of siphoned croresWorld Bank's Indian-origin chief Ajay Banga is in Pakistan, and it's personal this timeAxis Bank Q3 results: Net profit rises 3% YoY to Rs 6,490 crore, NII grows 5%

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IDFC First Bank Rs 590 crore fraud: From government accounts to jewellery shops, uncovering the trail of siphoned crores
India
The Indian Express•Mar 4

IDFC First Bank Rs 590 crore fraud: From government accounts to jewellery shops, uncovering the trail of siphoned crores

The Haryana State Vigilance and Anti-Corruption Bureau said “this case requires sustained and in-depth interrogation of the accused to unearth the complete nexus of public servants, bank officials, private persons, actual beneficiaries”.

World Bank's Indian-origin chief Ajay Banga is in Pakistan, and it's personal this time
India
India News: Latest India News, Today's breaking News Headlines & Real-time News coverage from India | Hindustan Times•Feb 3

World Bank's Indian-origin chief Ajay Banga is in Pakistan, and it's personal this time

World Bank president Ajay Banga, a US citizen with Indian origins, on Tuesday visited his ancestral home in the Punjab province of Pakistan. Banga was born in Maharashtra in 1959 but traces his ancestry to...

Axis Bank Q3 results: Net profit rises 3% YoY to Rs 6,490 crore, NII grows 5%
Business•Economic Times•Jan 26

Axis Bank Q3 results: Net profit rises 3% YoY to Rs 6,490 crore, NII grows 5%

Axis Bank announced its December quarter results. The bank's standalone net profit saw a 3% increase, reaching Rs 6,490 crore. Interest income also grew by 4.3% to Rs 32,274 crore. The lender's interest payments on deposits were up nearly 4% in the same period. These figures reflect the bank's performance in the recent financial quarter.

3 min
Bank of mum and dad: Did the UK housing boom lock in privilege?
World•Latest News From Euronews | Euronews RSS•Jan 14

Bank of mum and dad: Did the UK housing boom lock in privilege?

For the generation of young adults trying to stake out lives for themselves in today's economic conditions, housing has become the quiet mechanism through which advantage is inherited, according to a new...

3 min
Central bank independence is very important, need to collectively preserve it, says RBI Governor Malhotra
India•The Indian Express•Jan 13

Central bank independence is very important, need to collectively preserve it, says RBI Governor Malhotra

Malhotra further said that amid global uncertainties, India is growing at one of the highest rates amongst major economies, primarily because it is a domestic demand-driven economy.

3 min
Counting bank accounts isn’t real financial inclusion, economic freedom is: CEA | Today News
Business•mint - news•Jan 13

Counting bank accounts isn’t real financial inclusion, economic freedom is: CEA | Today News

Speaking at the global inclusive finance summit, V. Anantha Nageswaran urged banks to treat borrowers emerging from government credit support schemes as regular customers. He also asked investors in inclusive finance institutions to accept lower returns in exchange for social impact.

3 min
Germany: Gelsenkirchen bank thieves used 'manipulated' door
World•Deutsche Welle•Jan 13

Germany: Gelsenkirchen bank thieves used 'manipulated' door

Police say a manipulated emergency exit, that shouldn't open from the outside, gave thieves access in last month's major bank heist in Gelsenkirchen. They warned customers that investigations would likely take months.

3 min
World Bank retains India FY27 GDP growth forecast of 6.5%
India•The Indian Express•Jan 13

World Bank retains India FY27 GDP growth forecast of 6.5%

Despite the upward revisions to the forecasts, the World Bank said the current decade is on track to be the weakest for global growth since the 1960s. (Reuters Image/File)The World Bank on Tuesday retained...

3 min

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