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Bank Accounts
The ED said that a total of 180 accounts were found involved in the layering of funds received from investors in the name of forex trading on TP Global FX platform
Over Rs 12 crore have been swindled from several accounts of the Kozhikode Corporation in a Punjab National Bank here and the prime accused -- a former senior manager of the bank -- is still at large. The fraud came to light last month when the Corporation found huge sums of money missing from its various accounts in the PNB branch, an officer of Crime Branch wing of the police said. An FIR was immediately lodged and in view of the amount involved, of Rs 12.68 crore, the probe was transferred to the Crime Branch, the officer said. Initially, the Corporation believed that the swindled amount was over Rs 15 crore, but subsequently, its audits revealed that Rs 12.68 crore was missing from its accounts in the bank. Besides the Corporation, around Rs 18 lakh was also stolen, allegedly by the former bank manager, from the account of a private individual, the officer said. He said that their investigation has revealed that most of the money -- around Rs 10 crore -- was invested in the s
Bank account holders need to be careful while sharing their personal details with unknown persons as it has been found that fraudsters open fake accounts in the name of villagers and tribals
In India, farmers receive subsidised supply of inputs as agriculture subsidies and the difference between the actual cost of supplying and the price paid by the farmers is reimbursed to the suppliers
So far, not a single overseas trade transaction directly involving the rupee has taken place
CASA occupies a 45% share in overall bank deposits; it is FDs, which make the remaining 55%, which will need the rate adjustment
The RBI has allowed two Russian banks, Sberbank and JSC VTB, to open Vostro accounts for rupee trade. Read more to find out what a Vostro account is and how it is different from a Nostro account
Aadhaar is a 12-digit unique identity number provided by the UIDAI to the residents of India after a certain verification process
The phone manufacturer had said the account freeze would hamper its ability to pay for its liabilities, such as taxes and employee salaries
ED's money-laundering probe into Vivo revealed the company, to avoid paying taxes in India, remitted about Rs 62,476 crore of its turnover to China between 2017 and 2021
The state government said the DA arrears amount was 'erroneously' credited into the GPF accounts of the employees 'due to a technical glitch'
Sebi has ordered attachment of bank accounts as well as share and mutual fund accounts of Aakruti Nirmiti Ltd and its directors to recover investors' dues totalling over Rs 95 crore
Will AC-fridge makers' windfall hit the Chinese wall? How are India's municipal corporations faring? What are the markets expecting from RBI policy? What are Nostro & Vostro A/c? All answers here
The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to participate in it
When you change your address or carry out any other KYC formality with one entity (say, your bank), this information should spread to all entities
India has different types of bank accounts for different purposes. Find out the various types of accounts that can help you decide which one suits your requirements best
Is Google facing less scrutiny than Facebook? What's the lure of pay-later cards? What's Julius Baer APAC head's take on equity outlook? What are the types of bank accounts? Find all answers here
By sharing information digitally and securely through the AA framework, lenders get a host of data points like bill payments and investments to assess creditworthines
As in many other state, in Goa too, assertion by women is backed by their capacity to take financial decisions
Rules changed after feedback from the Indian Banks' Association and other stakeholders, says the regulator