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YES Bank BookMyForex $840K forex card fraud impacting 5000 customers February 2026

YES Bank BookMyForex Forex Card Fraud 2026: $840K Unauthorised Transactions Impact 5,000 Customers

The YES Bank BookMyForex forex card fraud 2026 has raised serious concerns among Indian travellers after thousands of customers reported unauthorised international transactions on their prepaid forex cards. According to…

Hype February 26, 2026

IDFC First Bank ₹590 crore fraud case at Chandigarh branch involving Haryana government accounts – investigation and RBI monitoring

Fraud & Security Alerts

IDFC First Bank ₹590 Crore Fraud: What Happened at the Chandigarh Branch?

India’s private banking sector faced a major shock after ₹590 crore fraud was detected at IDFC First Bank. The issue reportedly took place at the bank’s Chandigarh branch and involves…

Hype February 24, 2026

RBI 2026 draft rules to curb bank mis-selling in India with refund and customer protection measures

RBI Announcements

Bank Mis-selling in India: Is RBI’s 2026 Draft a Real Turning Point?

For years, bank customers across India have quietly faced a common problem. You walk into a branch for a loan — you walk out with insurance.You open a savings account…

Hype February 20, 2026

RBI Announcements

RBI Cancels Registration of 15 NBFCs in February 2026, Including Tata Motors Finance – Full List & What It Means

The Reserve Bank of India (RBI) has cancelled the registration of 15 NBFCs in February 2026. This list includes Tata Motors Finance Limited. Because of the Tata name, the news…

Hype February 13, 2026

RBI PSL norms tightened with external auditor certification for banks

RBI Announcements

RBI Tightens PSL Norms: Why Banks Now Need External Auditor Certification & What It Means

The Reserve Bank of India (RBI) has tightened Priority Sector Lending (PSL) norms, making it mandatory for banks to obtain external auditor certification for certain PSL loans. The move is…

Hype January 19, 2026

PNB reports ₹2,434 crore borrower fraud linked to SREI’s former promoters to RBI

Fraud & Security Alerts

Big Banking Alert: PNB Reports ₹2,434 Crore SREI-Linked Fraud to RBI

Punjab National Bank (PNB) has reported a major borrowal fraud of ₹2,434 crore to the Reserve Bank of India (RBI), linked to the erstwhile promoters of SREI Group companies. This…

Hype December 26, 2025

RBI building and cheque clearance concept image explaining delay in Phase 2 faster cheque system

Policy Updates

Why Has RBI Postponed Phase 2 of the Faster Cheque Clearance System?

Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of the Faster Cheque Clearance System to give banks more time to upgrade infrastructure, align internal processes, and…

Hype December 25, 2025

Featured image illustrating Gujarat’s ₹804 crore cyber fraud bust, showing cybercrime icons, scam alerts, masked fraudster graphics, and BanksConnect.in branding.

Fraud & Security Alerts

Gujarat’s Massive ₹804 Crore Cyber Fraud Bust: How Rahul Rajesh Kumar Agrawal Emerged as a Key “Financial Operator”

India’s cybercrime landscape has seen many scams, but Gujarat’s recently uncovered ₹804 crore cyber-fraud network stands out for its scale, sophistication, and international reach. What began as routine investigations into…

Hype December 9, 2025

Usha Janakiraman appointed as Executive Director of the Reserve Bank of India (RBI), official RBI building background.

RBI Announcements

RBI Appoints Usha Janakiraman as Executive Director: A New Chapter in India’s Financial Supervision

Leadership changes at the Reserve Bank of India don’t happen every day. Whenever they do, they signal an important shift for the country’s financial system. On December 1, 2025, the…

Hype December 1, 2025

Daily News

Paytm Payments Services Gets RBI’s Final Nod as Payment Aggregator: What This Means for India’s Digital Payments Ecosystem

Paytm Payments Services has finally secured RBI’s Certificate of Authorization to operate as a Payment Aggregator. Here’s how this approval impacts merchants, Paytm’s business, and India’s booming digital payments industry.

Hype November 27, 2025