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World

‘Those who invested in failed Silicon Valley Bank and Signature Bank won’t be protected. They knowingly took the risk’: US President Joe Biden

OpIndia Staff -
"They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” said Joe Biden.
News Reports

China: Video of tanks on the streets go viral amid protests by people demanding their money blocked in a massive bank scam

OpIndia Staff -
While thousands of people are protesting in China demanding their deposits blocked by banks, tanks appeared on the streets
News Reports

Alt News’ Md Zubair had transactions of Rs 50 lakh in the past three months, had promoted fundraiser for pro-Rohingya outfit in April 2022

OpIndia Staff -
Following arrest of Alt News co-founder Mohammed Zubair, Delhi Police said that his bank account had over Rs 50 lakh transactions in the last few days
News Reports

Russia-Ukraine war: Hours after Imran Khan meets Putin, US Federal Reserve imposes $55 million fine on National Bank of Pakistan

OpIndia Staff -
As per the US Federal Reserve's order, the deficiencies were related to anti-money laundering (AML) compliance and the Bank Secrecy Act (BSA) of the US.
OpIndia Scoops

‘Never applied for a loan but loan got disbursed by Dhani’: Suspected loan fraud at IndiaBulls’ loan app, what we know so far

Anurag -
Fraudsters are using PAN cards of unaware citizens to avail micro loans from apps like Dhani
News Reports

Deposits in Jan Dhan Yojana bank accounts surpass the Rs 1.5 trillion mark, was at Rs 1 trillion in August 2019

OpIndia Staff -
Deposits in Jan Dhan accounts, which was introduced roughly seven and a half years ago, have surpassed Rs 1.5 lakh crore
News Reports

Reserve Bank of India steps in, says RBL Bank health status ‘stable’ after shares tank 25% following central bank’s action over weekend

OpIndia Staff -
The unanticipated RBI action followed by the tanking of the share price of RBL Bank pushed the panic button amongst investors and customers of the private sector lender.
Economy and Finance

RBL Bank shares hit 52-week-low after RBI action: Here is what happened

OpIndia Staff -
The share price fell after a series of developments over the weekend where the Reserve Bank of India (RBI) sent a nominee to bank's board a day after the sudden departure of Vishwavir Ahuja as the bank's CEO.
News Reports

Rakesh Tikait becomes professional aandolanjeevi, calls for a nationwide movement against privatisation of banks

OpIndia Staff -
After withdrawal of farm laws by the govt, Rakesh Tikait now announces protests against movement against privatisation of banks
News Reports

Banks suffer due to bad loans, then economy suffers as banks lend less – Read how ‘Bad Bank’ will break this vicious cycle

OpIndia Staff -
NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹2 lakh crore in total
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