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Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai Police

Mumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore fraud. The case involves the premature transfer of loan recovery rights and undervalued sale of mortgaged assets belonging to Sapphire Land Development Pvt Ltd. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gZE1aY7 via IFTTT
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TVS, other investors keen to buy into Jana Small Finance Bank

Jana Small Finance Bank is poised for a significant capital infusion. The TVS Venu Group plans to acquire a 10% stake. Several other investors are also lining up to invest. This marks Jana's first equity raise since going public. The bank's capital adequacy ratio remains strong. TPG Capital may partially reduce its holding. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Fm6BR7x via IFTTT
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Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a healthier balance sheet for these institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tRIw3Y8 via IFTTT
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CBI raids multiple locations in Haryana bank scam probe, seizes digital evidence

The Central Bureau of Investigation has conducted searches in Chandigarh and Panchkula concerning a Haryana bank scam. Financial records and digital evidence were seized. Officials from IDFC First Bank and AU Small Finance Bank allegedly colluded with Haryana government public servants to misappropriate funds. Sixteen individuals have been arrested as the investigation is expedited. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lTI3dzC via IFTTT
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India plans central back office for rural banks amid rising AI risks

The Indian government is set to revolutionize the landscape for Regional Rural Banks with the introduction of a central tech hub dedicated to digital service enhancements and fortified cybersecurity. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H0JVNA9 via IFTTT
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RBI accepts 2 core investment companies' applications for surrendering registration

The Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies. This action follows surrender requests from entities like RR Holdings and Anjali Capfin. HDFC Holdings' certificate was cancelled as it is no longer a legal entity post-merger. Other companies surrendered their certificates due to exiting the NBFI business. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5UxiRZ3 via IFTTT
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Bank of Baroda, India’s second-biggest state lender, aims to double size in 5 years

Bank of Baroda plans to double its balance sheet over the next five years, betting on strong economic growth in India, rising credit demand and expansion of fee-based income streams. CEO Debadatta Chand said scale and capital strength are essential for Indian banks to compete globally, especially as discussions continue around creating larger state-run lenders. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SyxB6zk via IFTTT
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