January 17, 2026

Paddy Farmers Face Loan Denial as CIBIL Scores Drop Due to PRS Loan Confusion

Paddy farmers in the State are struggling to get bank loans. Their CIBIL scores are dropping because the government’s paddy procurement payments are treated as loans, causing credit troubles.

January 17, 2026

ED raids Piyush Group over ₹600 crore real estate scam involving 2,000 homebuyers

Enforcement Directorate searched Piyush Group and associates for a ₹600 crore real estate fraud in Haryana and Rajasthan. Over 2,000 homebuyers were cheated. The scam includes forged documents and unfinished projects under insolvency.

January 17, 2026

Indian-Origin Businessman Rahul Shah Gets 6 Years for $55M COVID Relief Fraud in Chicago

Rahul Shah, an Indian-origin businessman in Chicago, was sentenced to six years in prison for cheating banks and the US government out of over $55 million in loans and COVID-19 relief funds. He must also pay $23.2 million in restitution.

January 17, 2026

GIFT City Delegation to Attend World Economic Forum in Davos 2026

A GIFT City and IFSCA delegation will participate at the World Economic Forum in Davos from January 19-23. They will discuss banking, fintech, and investment to boost India's financial markets.

January 17, 2026

Trump Proposes 10% Cap on Credit Card Rates to Ease American Debt Burden

US President Trump suggests capping credit card interest rates at 10% to help millions struggling with high debt. Banks warn this could reduce credit access. The debate heats up as borrowers seek relief.