After multiple attempts to recover loans, BASIC Bank Limited, a state-owned lender, is once again auctioning off the assets - land and machinery - pledged as collateral by Emerald Oil Industries.

A routine audit at New India Cooperative Bank uncovered a Rs 122 crore cash shortfall. A senior bank employee's statement, ...

The Economic Offences Wing (EOW) has summoned Hitesh Pravinchand Mehta, the former General Manager of New India Co-operative ...

The RBI barred the Mumbai-based bank from issuing new loans, accepting fresh deposits, and suspended withdrawals for six ...

Police suspect Mehta had an accomplice, and the case has now been transferred to the Economic Offences Wing (EOW) for further ...

Federal Reserve Chair Jerome Powell said reserve banks will no longer factor "reputational risk" into master account ...

Upon completion of the transaction, the combined company will operate under the ConnectOne brand, and will have approximately $14 billion in total assets, $11 billion in total deposits, and $11 ...

Financial fraud, aided by generative artificial intelligence (AI) is in the double digits of billions of dollars and on the ...