Patna, May 1 (IANS) In a major breakthrough against cybercrime, the Cyber Police Station in Muzaffarpur has dismantled an organised gang involved in defrauding victims through the so-called “digital arrest” scam.The action was initiated following a written complaint by a senior citizen who was cheated of Rs 17 lakh through intimidation and psychological pressure.The victim, Bhola Prasad Mahto (73), a resident of Mushahari, reported that from April 5, 2026, he received multiple video calls fr…
Latest Federal Bank News & Updates
New Delhi, April 30 (IANS) Federal Bank on Thursday said its board has approved a plan to acquire a select portfolio of retail credit cards from Standard Chartered Bank’s India unit.However, the transaction value has not been disclosed in the regulatory filing.Federal Bank said its board, at a meeting held on April 30, cleared the proposal to enter into a deed of assignment (DOA) with Standard Chartered Bank, India (SCB India).The agreement will enable the bank to take over a portion of SCB In…
Hyderabad, April 19 (IANS) The Hyderabad City Police have dismantled a pan-India cyber fraud network with the arrest of 52 accused, including 32 bank officials in nine states. Hyderabad Police Commissioner V. C. Sajjanar said on Sunday that a major operation titled Operation Octopus 2.0 was launched to dismantle an organised cyber fraud network.Sixteen special teams comprising seasoned investigators conducted the operation simultaneously across nine states over a span of seven days.The Commissio…
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
New Delhi, Feb 25 (IANS) Credit card spending remained subdued at Rs 1,990 billion in January 2026, growing 8.1 per cent year-on-year, a report has said on Wednesday.However, data compiled by Asit C. Mehta Investment Intermediates Limited showed that it has declined by 2.7 per cent compared to the previous month.The report noted that the sequential decline in spending was largely driven by lower spends from the top four banks.State Bank of India saw the biggest drop, with spending falling by Rs …