banking regulations
CBI Reveals Yes Bank's Rs 2,700 Crore Loss from Fraudulent Transactions with Anil Ambani's Companies
Oct 30, 2025 01:55 am CST
The CBI has filed a charge sheet detailing how Yes Bank suffered a Rs 2,796.77 crore loss due to Rana Kapoor's unilateral investments in Anil Ambani's financial companies. The document alleges a criminal conspiracy involving shell companies, quid-pro-quo arrangements, and regulatory violations between 2017-2019, with 13 individuals and entities charged with conspiracy, cheating, and corruption.
Kerala Consumer Commission Orders SBI to Release Deceased Father's Fixed Deposit with Interest to Son
Oct 04, 2025 02:41 pm CST
The Ernakulam Consumer Commission has directed SBI to release a fixed deposit of Rs 39,000 with interest to the son of a deceased depositor, along with Rs 50,000 compensation after the bank initially refused the claim citing missing records due to a merger. The ruling affirms that consumers' rights to claim deposits don't lapse even after banks transfer unclaimed funds to the RBI.
Bombay High Court Dismisses Anil Ambani's Challenge to SBI's Fraud Classification of Accounts
Oct 03, 2025 08:39 pm CST
The Bombay High Court has rejected industrialist Anil Ambani's petition against State Bank of India's classification of his and Reliance Communications' accounts as fraudulent. The ruling comes amid allegations of fund misappropriation amounting to Rs 2,929.05 crore, which has prompted a CBI investigation into the matter.