Author: admin@thebankingtimes.in
-
Over 10 Lakh Fraudulent Bank Accounts Frozen Using Financial Fraud Risk Indicator
The Financial Fraud Risk Indicator (FRI), developed by the Department of Telecommunications, has become a powerful tool in India’s fight against digital financial fraud. FRI flags mobile numbers as high-risk to alert banks and upi apps The Financial Fraud Risk Indicator (FRI) classifies mobile numbers based on their potential risk into Medium, High, or Very…
-
Helpline 1930 helps save over rs. 5,489 crore in 17.82 lakh cyber fraud cases
The Ministry of Home Affairs has announced several key measures to combat the rising menace of cyber crime and digital fraud across India. In a written reply to Lok Sabha (Unstarred Question No. 2565 dated August 5, 2025), Minister of State for Home Affairs, Shri Bandi Sanjay Kumar, detailed the Central Government’s multi-pronged strategy under…
-
APPLE CEO GIFTS TRUMP 24-KARAT GOLD ITEM, ANNOUNCES $100 BILLION US MANUFACTURING BOOST
Tim Cook unveils custom-made gift and major expansion plans in the US Apple CEO Tim Cook met US President Donald Trump at the White House on Wednesday and presented him with a one-of-a-kind handcrafted gift before announcing a major investment expansion in American manufacturing. The gift, which reportedly features a custom-designed glass element atop a…
-
US IMPOSES 50% TARIFF ON INDIAN IMPORTS OVER RUSSIAN OIL DEALS
India slams move as ‘unfair, unjustified and unreasonable’ Us president Donald Trump has issued a new executive order that imposes an additional 25% tariff on Indian imports due to India’s continued purchase of Russian oil. The latest hike raises the total tariff on Indian goods entering the United States to 50%, making it one of…
-
Governor’s Statement: August 6, 2025
Namaskar and greetings to all in this month of Raksha Bandhan, Independence Day, Janmashtami, Parsi New Year and Ganesh Chaturthi. May this pious and auspicious month bring good luck to all of us and to our economy. The monsoon season has been progressing well. We are also approaching the festival season, which typically brings greater…
-
RBI EASES RULES FOR SPECIAL RUPEE VOSTRO ACCOUNTS
The Reserve Bank of India (RBI) has issued a new directive to all Category‑I Authorised Dealer (AD) banks, simplifying the process of international trade settlements in Indian Rupees (INR). As per the latest circular, AD Category‑I banks can now open Special Rupee Vostro Accounts (SRVAs) for overseas correspondent banks without prior RBI approval. This move…
-
RBI monetary policy statement: governor sanjay malhotra holds repo rate amid global uncertainty
RBI MONETARY POLICY DECISION PENDING: MPC MEETS AMID US TARIFF UNCERTAINTY RBI MONETARY POLICY DECISION PENDING: MPC MEETS AMID US TARIFF UNCERTAINTY The Reserve Bank of India’s Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, has begun its three-day meeting from August 4–6, 2025. The key repo rate decision will be announced at 10 AM…
-
SBI Clerk Notification 2025 Released for 5583 Vacancies
The State Bank of India (SBI) has officially released the SBI Clerk Notification 2025 for the recruitment of 5583 Junior Associates (Customer Support & Sales) across its branches nationwide. The notification was published on 5 August 2025, and the online registration process will be open from 6 August 2025 to 26 August 2025. This recruitment…
-
MNS Workers Assault Yes Bank Employee in Nagpur
Workers of Raj Thackeray’s Maharashtra Navnirman Sena (MNS) created chaos at a Yes Bank branch in Nagpur, slapping an employee and blackening his face. The bank had granted a loan to Indrajit Baliram Mule for a JCB machine, which was later seized due to non-payment of dues. In retaliation, dozens of MNS workers stormed the…
-
Union Bank of India Recruitment 2025: Wealth Managers
Union Bank of India has released the official notification for the recruitment of Wealth Managers (Specialist Officers). Online registration starts from 05 August 2025 and ends on 25 August 2025. Candidates interested in the banking sector can apply online through the official website of the bank. Vacancy Details Post Code Post Scale / Grade Basic…