The Indian central bank’s additional liquidity support to lenders, which has pushed overnight rates ​towards the floor of the policy rate corridor in a bid to ‌ease money market stress and improve transmission, is unlikely ​to extend beyond March, according to bankers.Market participants ⁠say the liquidity push reflects an interim calibration, with the central bank aiming to ease short-term rates.India’s banking system liquidity surplus has averaged around 1.1 per cent ‌of deposits this month, inching past ...

Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has launched a new service designed to help customers verify their carbon footprint based on their daily transactions.The new feature, dubbed the ENBD X Carbon Calculator, will be available directly within the ENBD X Mobile Banking app. It allows nearly two million users to link their financial wellbeing with tangible climate action.How the Carbon Calculator worksThe newly introduced product automatically ana ...

In an exchange filing, the private lender said unauthorised transactions, in the card partnered with BookMyForex, were attempted on specific BIN numbers, triggering alerts within its fraud monitoring systems. Also Read | RBI summons Yes Bank executives over forex card breach"These fraudulent transactions were carried out on 15 merchants based in a Latin American country in the early hours of February 24, 2026, between 3:30 AM and 8:30 AM (IST). The specific country does not mandate two-factor authenticatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION | North Carolina | 56-1421916 | | --- | --- | | (State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification Number) | | 205 SE Broad St., Southern Pines, North Carolina | 28387 | | (Address of Principal Executive Offices) | (Zip Code) | | (Registrant's telephone number, including area code) | (910) 246-2500 | Securities Registered Pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol | Name of each e ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it b ...

The arrests were made on Tuesday evening as part of an ongoing investigation into alleged financial irregularities involving government accounts.Who Has Been Arrested?Speaking to the media in Panchkula, ACB Director General A S Chawla identified the accused as Ribhav Rishi, Abhay Kumar, Swati Singla and Abhishek Singla.Rishi, who previously headed the bank’s Sector 32 branch, left his post around six months ago. Abhay Kumar, a relationship manager at the bank, resigned in August last year. According to off ...

Four people have been arrested in the ₹590-crore IDFC First Bank fraud case. Haryana’s State Vigilance and Anti-Corruption Bureau made the arrests on 24 February evening as a part of the ongoing investigation, PTI reported.Among those arrested are two former IDFC First Bank employees, Ribhav Rishi and Abhay. The other two accused are Abhay’s wife, Swati Singla, and her brother, Abhishek Singla. They are private individuals and run a partnership firm.The Anti-Corruption Bureau (ACB) earlier registered an FIR ...

This follows the bank’s payment of 100% of the principal and interest to the concerned Haryana government departments, amounting to a net Rs 583 crore. The issue came to light on Sunday, when the bank revealed that a Rs 590-crore fraud had been detected involving its employees and others in accounts linked to the Haryana government. The Anti-Corruption Bureau had earlier registered an FIR in the matter, while the Haryana government set up a committee to examine the suspected fraud. What the bank saidThe ban ...

'...even though the investigation in the matter is ongoing, we have paid 100 per cent of the principal and interest to relevant departments of the Haryana government.' Key PointsIDFC First Bank has repaid Rs 583 crore to departments of the Haryana government.The bank had earlier disclosed a Rs 590 crore fraud at its Chandigarh branch.Employees involved have been suspended. IDFC First Bank said on Tuesday that it has paid the entire principal and interest, amounting to Rs 583 crore, to relevant departments o ...

Core Viewpoint - IDFC First Bank is currently embroiled in a significant fraud case involving Rs 590 crore, leading to multiple arrests and calls for further investigation [2][5]. Group 1: Fraud Details - IDFC Bank disclosed a fraud amounting to Rs 590 crore, which was committed by its employees and others in accounts held by the Haryana government [2][5]. - The Haryana State Vigilance and Anti-Corruption Bureau has arrested four individuals in connection with the fraud, including two former employees of IDFC First Bank and two private individuals who own a partnership firm [1][5]. Group 2: Government Response - The Haryana state government has formed a committee to investigate the fraud, and the Anti-Corruption Bureau has registered a First Information Report (FIR) [1][5]. - Chief Minister Nayab Singh Saini stated in the Assembly that the government will take strict action against all individuals involved in the fraud [4][5]. Group 3: Political Reactions - Opposition leaders, including Bhupinder Singh Hooda and Haryana Congress chief Rao Narender Singh, have called for a Central Bureau of Investigation (CBI) probe into the matter [5].