CBI Arrests Bank Fraud Accused

By BPN News Desk
arrest
International
The Central Bureau of Investigation has arrested Kamlesh Parekh, an accused in a ₹2,672 crore bank fraud case, after he was extradited from the United Arab Emirates and brought back to India. CBI Arrests Kamlesh Parekh After UAE Extradition Kamlesh Parekh was brought to Delhi on May 1 after
scott bessent
International

US Sanctions 35 Over Iran Shadow Banking

By BPN News Desk
The United States has imposed sanctions on 35 individuals and entities accused of helping Iran operate a shadow banking network used to move large sums of money and evade sanctions. The action is part of Washington’s wider campaign to restrict Tehran’s access to global financial channels. US Sanctions Iran Shadow Banking Network The US Treasury […]
Business

Morgan Stanley Cuts 3% Of Global Workforce

By BPN News Desk
Morgan Stanley has laid off around 3 percent of its global workforce, affecting approximately 2,500 employees across various divisions. The move comes as the global investment bank adjusts its workforce amid changing market conditions and shifting business priorities. Morgan Stanley Layoffs Affect Around 2,500 Employees The layoffs impact roughly 2,500 employees worldwide,
Business Finance

Axis Bank Shares Rise Despite Profit Drop

By BPN News Desk
Axis Bank reported a 26 % year-on-year drop in net profit for Q2 FY26, down to ₹5,090 crore. The decline was driven by a sharp rise in provisions, including a one-time ₹1,231 crore standard asset provision linked to discontinued crop loans. Core performance shows resilience Despite the earnings hit, the bank’s core business held steady. […]
muhammad yunus
International

Bangladesh Financial System Faces Deep Crisis

By BPN News Desk
Bangladesh is grappling with a severe financial crisis as loan defaults surge across banks and non-bank institutions. According to central bank data, defaulted loans had reached about Tk 6 lakh crore by June 2025. Analysts warn that when hidden defaults—those under court proceedings, write-offs, or stay orders—are fully accounted for, the total could approach Tk […]

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