Amid the national lockdown, declared to curtain the spread of corona virus, Indian banks suggested their customers to opt for mobile or internet banking over cash. The shutdown has resulted in lesser staff. The move helps in preventing the unnecessary crowding of branches. The banks are offering digital schemes in the wake of pandemic to ...

The Karnataka government has instructed all its departments, boards, corporations, public sector units, and universities to withdraw their deposits and investments from the State Bank of India and Punjab National Bank. The government has also ordered a halt to any further business transactions with these institutions. The order was issued by PC Jaffer who is ...

Anil Ambani Companies: Three companies owned by Anil Ambani led Reliance Group have been flagged for being fraudulent by well-known Indian banks, including State Bank of India.  Apparently, Reliance Communications, Reliance Infratel, and Reliance Telecom owes lenders as much as a whopping ₹86,188 crore. Anil Ambani has been claiming that his net worth is zero. ...