Friday, May 15, 2026
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“Banks Are Becoming a Liability”: Supreme Court Orders Tough Anti-Scam Measures
The Supreme Court has directed the nationwide implementation of the Reserve Bank of India’s (RBI) Standard Operating Procedure (SOP) aimed at preventing rising “digital arrest” scams, sharply criticizing banks over…
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Jaaved Jaaferi’s Wife Habiba Linked Multi-Crore Fraud Case Surfaces: Mumbai Police Arrests Key Accused
Mumbai: A multi-crore fraud case involving actor Jaaved Jaaferi’s wife Habiba Jaaferi has surfaced, with Mumbai Police’s Crime Branch arresting businessman Nishit Patel in connection with the alleged scam. The…
Economic Fraud
RBI cancels registration of 150 NBFCs in major regulatory crackdown
The Reserve Bank of India has initiated a significant regulatory crackdown on the non-banking financial sector by cancelling the Certificates of Registration for 150 companies. This decisive action, carried out…
