MONEY & BANKING


In August 2025, an 82-year-old man living alone in Delhi — his children abroad — received a WhatsApp video call. The callers impersonated officers from the directorate of enforcement (ED) and the central bureau of investigation (CBI) and shared what appeared to be orders (forged) from the...

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Moneylife Digital Team 16 April 2026
The Supreme Court on Thursday declined to grant relief to industrialist Anil Ambani in a significant legal battle over the classification of loan accounts linked to him and Reliance Communications Ltd (RCom) as fraudulent. A bench headed by chief justice of India Surya Kant, along with justice...

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Moneylife Digital Team 15 April 2026
In a sharp rebuke to tax authorities, the Bombay High Court (HC) has set aside the provisional attachment of bank accounts of Mumbai-based Nivara Infradevelopers LLP, calling the action arbitrary, legally unsustainable and an 'apparent abuse of powers'. In a rare move, the HC directed the joint...

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Moneylife Digital Team 14 April 2026
Gold loans have witnessed a sharp expansion over the past three years, emerging as India’s second-largest retail credit product by balance share, according to a report released by TransUnion CIBIL.   The report, titled ‘Gold Loan Landscape’ report, shows that gold loan balances have grown 3.8...

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Moneylife Digital Team 14 April 2026
While upholding compensation for mental agony and granting affected customers the liberty to approach civil courts for recovery of actual losses, the national consumer disputes redressal commission (NCDRC) has dismissed a batch of 57 revision petitions in a long-running dispute involving...

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Moneylife Digital Team 14 April 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹7.50 lakh on Himachal Pradesh State Cooperative Bank Ltd for non-compliance with certain directions on know-your-customer (KYC) norms.   The statutory inspection of Himachal Pradesh State Cooperative Bank, which was conducted by National...

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Moneylife Digital Team 13 April 2026
In a thought-provoking address on the growing role of artificial intelligence (AI) in the financial sector, Reserve Bank of India (RBI) deputy governor Swaminathan J underscored that while AI has the potential to transform finance, it must not come at the cost of trust, fairness and...

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Moneylife Digital Team 13 April 2026
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Uttar Pradesh, Pratapgarh-based National Urban Cooperative Bank Ltd due to inadequate capital and the lender's poor earnings prospects. RBI has asked National Urban Cooperative Bank's Licence to stop its banking...

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Moneylife Digital Team 10 April 2026
The Reserve Bank of India (RBI) has proposed a series of sweeping safeguards to curb rising frauds in digital payments, including introducing delays in high-value transactions, additional authentication layers for vulnerable users and a 'kill switch' to block accounts in emergencies. The

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Moneylife Digital Team 09 April 2026
The Reserve Bank of India (RBI) proposed a significant overhaul of governance norms for banks, releasing draft amendment directions that seek to shift board functioning from a rule-based framework to a principle-driven approach. RBI has underlined that bank boards must ensure that adequate time...

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Moneylife Digital Team 08 April 2026
Reserve Bank of India (RBI) on Wednesday says it has not found any material governance or conduct-related concerns at HDFC Bank, offering reassurance to investors following the recent resignation of its chairman and volatility in the lender’s stock.   Responding to queries after the monetary...

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Moneylife Digital Team 08 April 2026
A total of 16 non-banking finance companies (NBFCs) have voluntarily surrendered their certificates of registration (CoR) to the Reserve Bank of India (RBI). At the same time, RBI has cancelled the registration of 54 other NBFCs, with as many as 52 based in New Delhi and one each from West...

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Moneylife Digital Team 08 April 2026
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached assets worth about ₹16.95 crore in connection with a ₹122 crore embezzlement case linked to New India Cooperative Bank Ltd (NICBL), intensifying its crackdown on financial fraud.   The attachment...

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Moneylife Digital Team 07 April 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹1.09 lakh on Maharashtra-based Dr Panjabrao Deshmukh Urban Cooperative Bank Ltd for failing to comply with certain regulatory directions. These include guidelines on the classification, valuation, and operation of the investment portfolios...

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Moneylife Digital Team 06 April 2026
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Maharashtra-based Shirpur Merchants Cooperative Bank Ltd due to inadequate capital and the lender's poor earnings prospects. RBI has asked Shirpur Merchants Cooperative Bank to stop its banking business from 6...

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Moneylife Digital Team 02 April 2026
A dispute between a customer and Kotak Mahindra Bank over the closure of a savings account has escalated into a regulatory and legal battle, raising questions over the interpretation of telecom-based risk alerts and banking compliance norms.   The case, linked to a complaint before the...

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Moneylife Digital Team 01 April 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹10.30 lakh on Exclusive Capital Ltd, a New Delhi-based non-banking financial company (NBFC), for non-compliance with certain directions issued by RBI on leverage ratio, filing of supervisory returns and submission of the balance...

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Moneylife Digital Team 01 April 2026
Central bureau of investigation (CBI) on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd (RCom) over allegations of causing a wrongful loss of ₹3,750 crore to the Life Insurance Corporation of India (LIC).   The case has been filed under...

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Mergers and acquisitions have long served as instruments of growth or survival in the banking sector. Post liberalisation, 22 out of 24 acquisitions in the Indian banking sector were for survival of the weak or the distressed banks. These included the acquisition of IDBI Bank by the financially...

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Moneylife Digital Team 30 March 2026
Reserve Bank of India (RBI) has imposed penalties totalling ₹2.20 crore on Union Bank of India (UBI), Central Bank of India (CBI), Bank of India (BOI) and Pine Labs Ltd a fin-tech and payment technology company for non-compliance with the directions issued by the banking regulator. The highest...

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