August 12, 2026
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SBI Customers Lose Over ₹6,313 Crore in Digital Frauds as UPI and Internet Banking Scams Surge

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State Bank of India (SBI) customers lost more than ₹6,313 crore in over 30,700 fraud cases between April 2023 and March 2026, according to data obtained through an RTI application. The figures reveal that UPI and internet banking were the most targeted channels, accounting for more than 21,500 fraud incidents, highlighting growing risks in India’s […]Continue Reading
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Indian Banks Launch Global Drive to Attract $50 Billion from NRIs

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Indian banks have launched a global campaign to attract more than $50 billion in deposits from non-resident Indians (NRIs), as policymakers seek to strengthen the country’s foreign exchange reserves and support the rupee. Lenders are offering returns of up to 7.1% on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and are actively targeting overseas Indians through Continue Reading
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HDFC Bank Posts Higher-Than-Expected Q4 Profit on Strong Lending Growth

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HDFC Bank reported a stronger-than-expected fourth-quarter profit, supported by solid growth in lending, especially in retail loans. The bank posted a standalone net profit of 192.2 billion rupees ($2.08 billion) for the quarter ended March 31, slightly above analyst estimates and higher than 176.16 billion rupees a year earlier. Growth in consumer borrowing was driven Continue Reading

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