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    Attack on vehicles of ED officials outside Vijayan's house; police arrest 4 persons
    Goa nightclub blaze: ED attaches fresh assets worth Rs 11 cr
    SUPREME COURT HIGHLIGHTS
    Aadhaar is not proof of citizenship, says SC; upholds EC's documentation regime for SIR
    Department of Financial Services Organises Credit Outreach Programme at Agartala, Tripura.
    ED raids at Vijayan''s residence spark violence, statewide CPI(M) protests in Kerala
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    ED raids ex-Kerala CM Pinarayi Vijayan's house, others in CMRL-linked money laundering case
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    SC sets aside NCLAT order which rejected Amazon's appeal
    CCI approves the merger of Indovida India with and into EPL Limited
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May 27, 2026
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Money laundering probe linked to ED raids, vehicle attack and arrests amid stand-off outside party office
Violent attack on vehicles carrying Enforcement Directorate officials led to arrests, with police identifying several persons as directly involved and maintaining a presence outside a CPI(M) office during a stand-off. The ED action formed part of a wider money laundering probe linked to financial dealings between a former Chief Minister's daughter's firm and a sand mining company, arising from questions over transactions between CMRL and a now-defunct firm under a Prevention of Money Laundering Act case.
May 27, 2026
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Money laundering probe over alleged illegal nightclub operations leads to fresh asset attachment and proceeds of crime claims.
Provisional attachment under the Prevention of Money Laundering Act was made in relation to the alleged illegal operation of a Goa nightclub, with fresh immovable assets attached and the cumulative attachment and freezing in the case stated to have increased. The ED alleged continued commercial activity without mandatory statutory clearances, use of forged documents to obtain licences, and treatment of the revenue generated as proceeds of crime under the anti-money laundering law.
May 27, 2026
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Election administration and commercial regulation dominate Supreme Court updates on voter rolls, GST, tribunal practice, and online gaming.
Election administration and electoral procedure featured prominently, with the Supreme Court upholding the Election Commission's power to conduct a Special Intensive Revision of voter rolls and leaving to the Commission a plea to modify VVPAT guidelines. The Court also said the ongoing trial in the 2023 Manipur ethnic violence should be expedited, and it addressed online hearings, language policy, transgender law challenges, retrospective GST on online gaming, tribunal practice restrictions, and the Amazon-Future Group dispute.
May 27, 2026
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Electoral roll verification framework upheld as Aadhaar remains only an identity document, not proof of citizenship.
The Supreme Court examined the Election Commission's documentation framework for the Special Intensive Revision of electoral rolls and its authority to classify documents by evidentiary value. It recognised electoral roll preparation as a constitutional function requiring verification of residence, identity and eligibility, and said the Commission may design reasonable procedures suited to the survey. Aadhaar is not proof of citizenship or domicile, though it may be used for limited identity verification, and ration cards may be excluded for evidentiary unreliability.
May 27, 2026
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Financial inclusion outreach boosts bank lending, CSR support, and service access through flagship schemes in Tripura.
Credit outreach programme in Agartala, Tripura, facilitated disbursement of loans through participating banks under Government of India flagship schemes, with financial support extended to beneficiaries and project-related sanctions handed over during the event. The programme also included CSR-linked assistance, including ambulances and medical equipment funding, along with the virtual inauguration of a bank branch, an ATM, and customer service points across Tripura. The Secretary, Department of Financial Services, highlighted the implementation of government flagship financial inclusion schemes in Tripura, including PM Jan Dhan Yojana, PM MUDRA Yojana, PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana, and Atal Pension Yojana.
May 27, 2026
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Money laundering probe under PMLA continued despite no formal FIR, as the High Court upheld ED's jurisdiction.
Enforcement Directorate action proceeded in relation to alleged financial irregularities linked to a company associated with a former chief minister's daughter, after earlier income tax searches and an SFIO investigation. The company sought to quash the ECIR, summons and related proceedings, arguing that no scheduled offence existed when the PMLA probe began and that the ED lacked jurisdiction before a formal FIR or final report. The Kerala High Court held that the ED was legally empowered to continue the money laundering investigation.
May 27, 2026
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Financial inclusion outreach promotes productive credit use, entrepreneurship and disciplined borrowing to support livelihoods and prevent bad loans.
Financial inclusion initiative was advanced through a credit outreach programme at Udaipur, District Gomati, Tripura, where banks sanctioned loans to beneficiaries and NABARD and SIDBI announced additional project funding. CSR assistance was also extended for improving school and anganwadi infrastructure, and a cluster development branch of SIDBI was inaugurated to support the MSME sector and regional borrowers. The Department of Financial Services also unveiled the Financial Inclusion 2.0 Vision Document as part of the outreach effort. The Secretary, Department of Financial Services, emphasised productive credit utilisation, entrepreneurship-led employment generation and financial discipline, and urged beneficiaries to prevent loan accounts from turning into non-performing assets.
May 27, 2026
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Bilateral trade negotiations advance as India and the United States discuss an interim agreement and broader market access issues.
India and the United States have continued negotiations toward an Interim Agreement within the broader Bilateral Trade Agreement framework, with the U.S. negotiation team visiting India to advance the interim arrangement and broader BTA talks. The discussions are proposed to cover market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment.
May 27, 2026
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Bilateral trade pact negotiations continue as India and the United States revisit tariffs, market access, and supply chain cooperation.
India and the United States are continuing negotiations on an interim bilateral trade pact and the broader bilateral trade agreement, with the planned talks focused on finalising the legal text and addressing market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment. The proposed framework includes tariff reductions, expanded market-opening commitments, and recalibration of the agreement in light of the changed US tariff environment, alongside cooperation on critical minerals and related supply chains.
May 27, 2026
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Money laundering probe targets alleged fraudulent payments and related transactions linked to CMRL and connected entities
The Enforcement Directorate searched premises linked to former Kerala chief minister Pinarayi Vijayan, his family members and persons associated with CMRL in a money laundering probe under the Prevention of Money Laundering Act. The case concerns alleged fraudulent payments to Exalogic Solutions Private Limited, loans allegedly advanced despite repayment defaults, and related transactions said to have generated proceeds of crime. The agency acted on the basis of a Serious Fraud Investigation Office prosecution complaint treated as the predicate offence.
May 27, 2026
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Interim trade agreement talks between India and the United States advance with focus on market access and trade facilitation.
Trade negotiations between India and the United States are continuing through an upcoming visit by the US chief negotiator's team to India to finalise the details of an interim trade agreement and advance the broader bilateral trade agreement framework. The discussions concern reciprocal and mutually beneficial trade and are expected to address market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment.
May 27, 2026
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Rupee pressure from US-Iran tensions and strong dollar keeps currency range-bound ahead of RBI policy meeting
The rupee settled largely unchanged against the US dollar amid cautious sentiment driven by renewed US-Iran tensions, a stronger dollar and weak domestic equities. Foreign institutional outflows added pressure, while softer crude oil prices provided limited support. Market attention also turned to the upcoming RBI Monetary Policy Committee meeting, and traders expected the dollar-rupee pair to remain range-bound in the near term.
May 27, 2026
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Independence of the judiciary guides the bar on former tribunal members practising before the same tribunal system.
Retired judicial and technical members of the National Company Law Tribunal and the National Company Law Appellate Tribunal are prohibited from appearing, acting, pleading, or otherwise practising as advocates or consultants before those tribunals. The challenge concerned a regulation imposing a complete bar on such practice by former tribunal members, with the petitioner contending that a cooling-off period should replace the prohibition.
May 27, 2026
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PMLA money-laundering probe over alleged illegal payments continues after a challenge to the proceedings was dismissed.
Enforcement action under the Prevention of Money Laundering Act concerns alleged illegal payments by a private company to a firm linked with Veena T, following complaints and tax-related scrutiny of the transactions. The investigation led to searches at multiple premises, while a writ petition challenging the proceedings was dismissed, leaving the agency free to continue its probe.
May 27, 2026
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Online filing of ITR-2 is enabled for capital gains taxpayers without business income on the e-filing portal.
Online filing and Excel utility for ITR-2 have been enabled on the e-filing portal for assessment year 2026-27, allowing eligible individuals and Hindu undivided families with capital gains income, but no business or profession income, to begin filing returns.
May 27, 2026
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Election roll revision powers, money-laundering searches and exam leak arrests feature in a packed set of legal developments.
The highlights report election-related, enforcement and criminal investigation developments, including the Supreme Court's view on the Election Commission's power to conduct a Special Intensive Revision of voter rolls for fair elections, searches in a money-laundering investigation, arrests in the NEET UG paper leak case, and comments that the proposed Uniform Civil Code Bill is intended to protect women's rights and is not against any religion.
May 27, 2026
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PMLA investigation over CMRL payments triggers political motivation claims and continued scrutiny of the ED raids.
ED raids were reported in a PMLA investigation linked to alleged payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions, the company associated with Veena Vijayan. The probe stemmed from an SFIO complaint and earlier scrutiny by the Income Tax Department settlement board, while the Kerala High Court had dismissed CMRL's writ petition to quash the ED proceedings. CPI(M) leaders alleged the raids were politically motivated and maintained that the payments were for services rendered, not illegal transactions.
May 27, 2026
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Anti-trust challenge over Amazon's investment deal leads to setting aside of penalty and deal suspension orders.
Challenge to anti-trust action concerning Amazon's investment deal with Future Group. The Supreme Court set aside the NCLAT order that had rejected Amazon's appeal, and also set aside the Competition Commission of India's order imposing a penalty and suspending the deal. The Court further directed refund of any amount deposited or recovered from Amazon pursuant to the impugned orders within eight weeks.
May 27, 2026
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Merger approval and share issuance in the absorption of Indovida India into EPL Limited in the packaging sector.
Competition Commission of India approved the proposed merger of Indovida India Private Limited with and into EPL Limited by way of absorption. EPL, as the post-merger resultant entity, is to issue and allot shares on a proportionate basis to the shareholders of Indovida India in consideration of the merger. Indovida India is a wholly owned subsidiary within the Indorama group, while EPL is engaged in the manufacture and sale of packaging products.
May 27, 2026
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Joint venture approval for commodities trading entity reflects CCI clearance of the Mercuria-Tata combination.
Competition Commission of India approved the creation of a joint venture company between Mercuria Energy Netherlands B.V. and Tata International Singapore (Pte) Ltd., including the associated pre-closing restructuring and transfers. The target is to be established in the Dubai International Financial Centre, United Arab Emirates, as a commodities trading and investment entity. The joint venture is proposed to trade commodities through subsidiaries in various jurisdictions, including India.

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AU Small Finance Bank Brings a Range of Savings Accounts Built for Every Indian Customer

June 8, 2026

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Mumbai, Maharashtra, India – Business Wire India AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first in over a decade to receive in-principle approval to transition into a Universal Bank, today shared its full range of savings accounts built to meet the needs of every kind of Indian customer. AU Small Finance Bank's range of savings accounts — AU Digital, AU Royale, AU Royale World, AU Platinum, AU Value, AU Vikaas and others built for women, senior citizens, students, NRIs and salary earners— offers easy video KYC account opening, attractive savings account interest rates with monthly interest payouts, the AU 0101 mobile banking app, and range of Debit Cards empowered by RuPay, Visa, MasterCard. Empowering every Indian customer to pick the savings account that suits them best. Every Savings Account designed by AU Small Finance Bank is built around three simple things: easy digital account opening through video KYC, full banking on the AU 0101 mobile banking app, and a consistent, straightforward experience whichever account you choose. Customers can view the full range and select the savings account that best fits their needs on the official AU Small Finance Bank website. Open Your Savings Account from Home with Video KYC Customers can open a Savings Account from home using the AU 0101 mobile app & official AU Small Finance Bank Website. The full process, including video KYC, happens online, with no need to visit a branch. No paperwork to sign. No waiting in queues. Eligible customers get a working account within a short time. Customers can also view details such as savings account interest rate through official bank channels. This is how AU Small Finance Bank wants every new customer to start, quick, simple, and on their phone. The AU 0101 Mobile Banking App: Your Bank in Your Pocket The AU 0101 mobile banking app gives AU Small Finance Bank Savings Account customers everything they need from one place. Send money over UPI. Make IMPS, NEFT and RTGS transfers. Pay bills. Manage your debit card. Set up or cancel auto-debits. Download statements. View and use your AU Rewardz points. Every customer gets a Debit Card for shopping online, withdrawing cash at ATMs, and paying at stores with convenient management through the AU0101 app. A Savings Account for Every Kind of Customer AU Small Finance Bank's range covers a savings account for almost every type of customer. The Digital Savings Account is for those who want to do everything online. The AU Royale Savings Account and AU Royale World Savings Account are for customers looking for premium banking, with airport lounge access, a personal relationship manager and family banking benefits. The AU Platinum Savings Account is for customers who want a more rewarding banking experience with the benefit of extending the features up to 3 additional family members and flexibility of minimum balance maintenance within the group. The AU Vikaas Savings Account, AU NRI Savings Account, AU Women Savings Account, AU Senior Citizen Savings Account, and AU Kids Savings Account, are each built for a specific kind of customer, whether you are a student, a working professional, an NRI, a senior citizen, or a parent opening an account for your child. Why a Range, and Not Just One Account Indian customers want different things from a savings account. Some want premium banking with extras like lounge access and a relationship manager. Students and kids need accounts that match their age and stage of life. Working women look for features that fit how they manage money. Senior citizens value personal service. AU Small Finance Bank's savings account range is built to meet these different needs, while making sure every customer, whichever account they pick, gets a simple, friendly experience and the same easy access through the AU 0101 mobile banking app. What Customers Get • AU Digital Savings Account: Open online with video KYC. AU Platinum Debit Card and the AU 0101 mobile banking app from day one. • AU Royale and AU Royale World Savings Accounts: Premium banking with airport lounge access and a personal relationship manager (subject to eligibility and minimum balance) & more. • AU Platinum Savings Account: Extra features for customers who want more from their savings account (subject to eligibility and minimum balance) with benefit of extending the features up to 3 additional family members and the flexibility of minimum balance maintenance within the group. • AU Vikaas, AU NRI, AU Women, AU Senior Citizen: Savings accounts built for specific groups of customers. • Across the range: Easy online account opening, attractive rates on eligible balances, the AU 0101 mobile banking app, a savings account interest rate calculator and other helpful tools on the AU Small Finance Bank official website, a range of Debit Cards, and deposit protection under DICGC up to the prescribed limit per depositor per bank. About AU Small Finance Bank AU Small Finance Bank Limited (AU SFB) is a Scheduled Commercial Bank and has established itself as India’s largest Small Finance Bank since commencing its banking operations in April 2017. Founded in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU is entering its 10th year as a Bank, guided by a deep rooted “Dharma” of customer centric service. Over three decades, AU has built a sustainable and inclusive financial institution that empowers underserved and under reached communities through a robust retail led banking model. The Bank has received an in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank. With deep customer insights across India, AU provides comprehensive banking solutions spanning deposits, loans, credit cards, premium banking, remittance services, merchant solutions, insurance, and investments. As a tech led bank, AU delivers differentiated digital experiences through innovations such as 24x7 Video Banking, WhatsApp Banking, chatbots, UPI QR solutions, merchant lending, and its award-winning AU 0101 app. AU SFB’s wide network of 2,790 banking touchpoints across 21 States and 4 Union Territories enables service to more than 1.2 crore customers, powered by a workforce of 59,200+ employees. As on 31st March 2026, Bank had shareholders’ funds of INR 19,974 cr, deposit base of INR 1,52,661 cr, total loan portfolio of INR 1,40,327 cr and a balance sheet size of INR 1.9 Lac cr+. AU SFB is listed on NSE and BSE and its fixed deposits are rated ‘AA+/Stable’ by CRISIL Ratings. AU SFB’s long term debt rating is ‘AA/Stable’ by CRISIL Ratings, ICRA Ltd. and CARE Ratings. All AU Small Finance Bank Savings Accounts are offered subject to eligibility, internal policies, and applicable terms and conditions. Account features, monthly balance requirements, fees and other charges follow the bank's current policies and may be updated from time to time. Deposits are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to the prescribed limit per depositor per bank. For account-specific details, please visit www.au.bank.in. Disclaimer: Savings Account interest rates are subject to change at the sole discretion of AU Small Finance Bank without prior notice. Please check AU Small Finance Bank Official website for latest savings account interest rates (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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