banking system

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    Sitharaman Warns Banks Against Mis-Selling, Calls It a Violation Under Bharatiya Nyaya Sanhita

    Finance Minister Criticises Sale of Unnecessary Insurance Products by Banks New Delhi, February 23: Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, particularly insurance, and said such practices amount to a violation under the...
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    RBI Rules Out Systemic Risk After ₹590 Crore Fraud at IDFC First Bank Chandigarh Branch

    New Delhi, February 23: The Reserve Bank of India on Monday clarified that there is no systemic risk to the Indian banking system following the disclosure of a ₹590 crore fraud at the Chandigarh branch of IDFC First Bank. The central bank reiterated that it does not comment on individual banks...
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    India’s Currency in Circulation Hits Record Rs 40 Lakh Crore in January 2026, SBI Research Says

    Currency in Circulation Surges to Historic High Mumbai, February 16: India’s currency in circulation has climbed to a record high of approximately Rs 40 lakh crore by the end of January 2026, according to a report released by SBI Research on Monday.The report noted that year on year growth in...
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