UAE banks are keeping core services running around the clock through Eid Al Adha, and that matters more than it may first appear. For customers, the practical outcome is simple: transfers, mobile banking, and ATM access remain available even as branch activity slows during the holiday period. The Central Bank of the UAE has confirmed … Read more
If you have a savings account or a fixed deposit in a cooperative bank, there is a good chance you have wondered at some point whether your money is truly safe. The collapse of Punjab and Maharashtra Co-operative (PMC) Bank in 2019 shook public confidence, and it forced regulators to rethink how urban cooperative banks … Read more
Last March, a branch manager at a mid-sized urban cooperative bank in Pune, Maharashtra noticed something strange — or rather, the bank’s new software noticed it for him. A cluster of 14 transactions, each just under the ₹50,000 reporting threshold, had been flagged automatically overnight. The amounts originated from three different accounts but routed funds … Read more