Banks (Finance)
The Central Bureau of Investigation (CBI) has filed a case against industrialist Anil Ambani and conducted searches at his residence and the premises of Reliance Communications in connection with an alleged bank fraud that caused a loss of over Rs 2,929 crore to the State Bank of India (SBI)
Banks (Finance)
Dhaka Bank PLC has joined forces with Gulshan Youth Club Ltd. to launch an exclusive co-branded credit card, designed to enhance lifestyle, travel, and financial experiences for club members. The card offers a range of premium benefits, including complimentary airport pick-up and drop-off, meet-and-greet assistance, and access to over 1,
Banks (Finance)
Qatar Islamic Bank (QIB), the largest Islamic bank in Qatar, has completed a significant financing deal, meeting strong demand from the global banking community. The 3-year, $1 billion unsecured Dual-tranche Term Murabaha Financing Facility was oversubscribed by two times, with 15 regional, Asian, and international banks participating in the syndication.
Banks (Finance)
Several leading banks in the country have introduced special fixed deposit (FD) schemes with a 444-day tenure, providing attractive returns to general, senior, and super senior citizens. These schemes offer competitive interest rates, ranging from 6.50% to 7.45%, depending on the citizen's category. A Rs 1
Banks (Finance)
India's popular online travel portal HappyEasyGo has partnered with IndusInd Bank Credit Cards to offer a limited-period special travel deal. Under this offer, customers can save up to Rs700 per traveller on domestic air ticket bookings by entering the promo code on the HappyEasyGo website or mobile app.
Banks (Finance)
A heritage charity in England has found itself under scrutiny after the Charity Commission announced a statutory inquiry into concerns of mismanagement, financial misappropriation, and poor financial controls. The inquiry was sparked by allegations of financial misuse and a dispute over the charity's administration and a potential legacy
Banks (Finance)
A case was registered by the Samarth police against a trader and his wife for allegedly selling a mortgaged flat without informing the bank. The trader had taken a loan of ₹4 crore from the bank under the small agriculture business finance scheme in 2021, mortgaging four properties, including two
Banks (Finance)
The global stem cell banking market is experiencing remarkable growth, driven by advancements in stem cell technologies, increasing healthcare expenditure, and private sector investments. According to a recent report, the market size reached $8.6 billion in 2024 and is projected to soar to $15.5 billion by 2033, demonstrating
Banks (Finance)
The Central Bureau of Investigation (CBI) has registered a case against industrialist Anil Ambani and his company Reliance Communications Ltd. in connection with an alleged bank fraud that caused a loss of over Rs 2,929 crore to the State Bank of India (SBI). The CBI action comes days after
Banks (Finance)
The Central Bureau of Investigation (CBI) has registered a case against Reliance Communications (RCOM) and its promoter-director Anil Ambani in connection with an alleged bank fraud that resulted in losses of over Rs.2,000 crore for State Bank of India (SBI). The case stems from a complaint filed by
Banks (Finance)
In a major operation, the Mumbai Crime Branch's Unit 2 has exposed a vast international cyber fraud network, with roots in two fake companies in Kandivali, Mumbai. The syndicate, active for years, engineered massive financial scams, siphoning off over Rs 60 crore through over 943 bank accounts. The
Banks (Finance)
The recent cancellation of a credit card issued by Banco do Brasil (BB) marked the first known consequence of applying the Magnitsky Act to Federal Supreme Court Justice Alexandre de Moraes. The move has reignited debate over the scope of the measure and the risks it poses for financial institutions.
