Tag: Banking News

Paytm Payments Bank is winding down after a court order. Check what happens to deposits, wallet money, UPI access, merchant payments and customer account claims.

Banks collected ₹7,086.63 crore in FY26 from customers for failing to maintain the required minimum balance, taking the four-year total to over ₹26,170 crore. While most public sector banks have removed savings-account penalties, private banks continue to account for the majority of these charges.

Bank of Baroda has confirmed that one employee email account was compromised, leading to unauthorised access to certain data, while stating that its core banking systems remain secure. Customers are being advised to review account activity, update passwords and stay alert for phishing attempts as forensic investigations continue.