Bollywood actor Preity Zinta has called out the Congress party for circulating false reports of her being involved in the New India Cooperative Bank corruption scandal. She clarified that the loan amount being mentioned has already been repaid over a decade ago and slammed the party for promoting fake news and dragging her name into the controversy. Zinta has denied any connection with the BJP and has demanded an apology from Congress Kerala for spreading false information.
The New India Co-Operative Bank has sparked chaos and desperation as customers are being denied access to their own accounts. Families who had saved together for important life events are struggling as the bank only allows access to lockers. This situation has caused outrage among depositors who are facing financial uncertainty and lack of information from the bank.
In a major announcement, Indian Finance Minister Nirmala Sitharaman states that public sector banks are profitable, signaling a shift from their previous loss-making position. In order to further boost this sector, PSU banks will be launching new products to aid in credit growth. Additionally, NABARD chairman asserts that cooperative banks will also undergo digitization by 2025, while RBI urges banks to reduce inoperative accounts in an effort to improve efficiency. The launch of a savings account for rural India by HDFC bank and Union Bank becoming the first major Indian bank to join PCAF for sustainability shows the crucial role banks play in the development of the country.