The Reserve Bank of India (RBI) on March 10 stated that private lender IDBI Bank has been removed from its prompt corrective action (PCA) framework after four years. Reportedly, the IDBI's removal resulted from the bank's refined financial and credit profile, especially in regulatory capital, net non-performing assets, and leverage ratio. Besides enabling amplification of business, the freshly granted immunity may facilitate strategic… read-more
Courtesy: Business Standard
The Indore Police on January 7 arrested a fake policeman for allegedly extorting Rs 1.3 lakh from a general store owner in Khajrana area. The accused, Sachin Upati, an ambulance driver, made a purchase of that amount and paid through NEFT. However, the shopkeeper did not receive the payment within two to three days and lodged a complaint. SHO Dinesh Verma suspected that the accused hacked a private bank's app to dupe the shopkeeper.