MYSTERIOUS: 39 - What They Never Told You

Indian-American arrested in California for allegedly defrauding bank of $100 million

An Indian-American man, Mahender Makhijani, was arrested in California for allegedly defrauding a bank of nearly $100 million. He is accused of manipulating title insurance records and using shell companies to conceal lien positions. Makhijani faces up to 30 years in prison if convicted.

The Economic Times · Jun 11

Bonus bonanza! Last date to buy City Union Bank shares for 1:3 reward

City Union Bank Bonus Issue: June 11 is the last day for investors to buy shares of City Union Bank to qualify for its 1:3 bonus issue, as the record date has been fixed for June 12. Under SEBI’s T+1 settlement cycle, shares purchased today will be credited to investors’…

The Economic Times · Jun 11

Govt highlights tax reforms, investor confidence as Modi completes 12 years as PM

Prime Minister Narendra Modi has completed twelve years as India's longest-serving elected leader. The government highlights significant achievements in tax reforms, digital expansion, and economic growth. India has transitioned to become the world's fastest-growing major economy. These reforms have boosted investor confidence and are paving the way for a USD…

The Economic Times · Jun 10

81-Year-Old Outsmarts 'Chase Bank' Scammers After Being Told To Withdraw $9,000 — Here's What Saved Her

An alert bank employee prevented an elderly widow from falling victim to a $9,000 scam. Learn about the growing threat of bank fraud and how vigilance can protect your savings.

International Business Times UK · Jun 9

SBI in $1 billion funding for Sun Pharma’s US deal

State Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.'s $12 billion acquisition of Organon & Co. This move marks a significant step for government-run banks in financing corporate takeovers. SBI will join other global lenders in this substantial deal. The funding…

The Economic Times · Jun 9

World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say

The Guardian - US · Jun 9

SBI, PNB, other PSU bank stocks tumble up to 21% from record highs. Time to buy or wait?

Public sector bank stocks have seen a significant drop from their recent peaks. The Reserve Bank of India has introduced measures to attract foreign investment in government securities. Experts suggest these steps are positive for the banking sector. However, caution is advised, with a focus on quality banks possessing strong…

The Economic Times · Jun 9

India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra says

Indian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to attract dollar inflows. This initiative aims to strengthen the rupee. Banks will offer attractive interest rates to overseas customers. Punjab National Bank plans to raise $3 billion…

The Economic Times · Jun 8

State Bank of India hands over Rs 8,813 cr dividend cheque to government for FY26

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business…

The Economic Times · Jun 8

HDFC Bank borrower alert: EMIs on these loans to cost more as bank raises lending rates by up to 10 bps

HDFC Bank has increased its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 10 basis points, effective June 8, 2026. The revised rates now range from 8.05% to 8.65% across various loan tenures. This adjustment follows the Reserve Bank of India's decision to maintain the repo rate at…

The Economic Times · Jun 8