The Latest Breaking News on Financial Services

Complaints in the first half of this year have particularly increased in the banking and insurance sectors, the Financial Ombudsman Service said.

Chief executive’s boast that there is nothing wrong with its business model will sound hollow to those nursing a 97% loss

CBI court in Dharwad convicts bank assistant manager and businessman of cheating State Bank of Mysore of Rs 2.70 crore. Sentenced to one-year jail and fined Rs 1.20 lakh. Fraud committed by assistant manager to help borrowers. CBI argued case before Special Judge for CBI cases N. Subramanya.

Millions of users awaiting news of bank’s survival

Lender confirms customers have started to pull money out amid worries over its financial health

In Thrissur, the Karuvannur Cooperative Bank scam has become a major political issue ahead of the 2024 Lok Sabha polls. BJP's Suresh Gopi has increased the party's vote share in the district, and CPI(M) is on the offensive, accusing BJP of using ED to further Gopi's candidacy. BJP's K. Surendran…

Lender secures £325m capital from new and existing shareholders and £600m of debt refinancing

A health check on the business sector and consumers will reveal how well the economy is holding up as price pressures persist and interest rates remain high.

Kerala commission advises banks to offer forms, service conditions in regional languages with option for customers to choose language for SMS alerts. Petitioner lost ₹45,000 in fraudulent ATM transactions, but bank argued no negligence. Commission dismissed complaint, but recommended banks offer info in regional languages for debit/credit cards, net banking,…

Lender’s stock hit all-time low after news it was exploring selling off up to 40% of mortgage book

Shares have tumbled by 30% in the bank now operating at the edges of its capital requirements