Chandigarh Police have launched an investigation into a fraud involving fake fixed deposit receipts (FDRs) worth 116.84 crore, allegedly issued by a private bank manager, impacting the Chandigarh municipal corporation's funds.
The RBI will now charge banks different deposit insurance fees based on how risky they are, allowing safer banks to pay less premium.
'The government's decision to keep interest rates unchanged on small savings schemes will certainly constrain banks' ability to cut deposit rates further.'
The tax is collected by brokers on behalf of the government and forms a key component of the Centre's tax revenues.
Meghalaya Police have registered a case against one of their officers for storing ammunition at his rented accommodation within a mosque compound in Williamnagar. The officer is accused of unauthorisedly keeping bullets at a private location instead of depositing them in the police armoury during his leave period.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded 47.28 lakh in compensation to a man who sustained severe injuries and physical disability after being struck by a speeding motorcycle in 2017.
A man in Uttar Pradesh's Chandauli district has been arrested for allegedly killing his younger brother due to a property dispute and ongoing financial tensions. The accused confessed to the crime, citing humiliation and a desire to control his brother's assets as motives.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded a compensation of 31.65 lakh to the family of a vegetable vendor who died in a road accident in 2017.
An assistant executive engineer in Odisha was arrested by the Vigilance Department for allegedly possessing assets disproportionate to his known income sources.
As deposit growth lags credit expansion, Indian banks face shrinking low-cost Casa inflows, rising funding costs, and structural shifts driven by UPI, e-Kuber, and digital savings trends, points out Tamal Bandyopadhyay.
The Enforcement Directorate (ED) conducted searches at 19 locations in Haryana and Chandigarh concerning the alleged embezzlement of Rs 590 crore from Haryana government accounts held with IDFC First Bank. The investigation focuses on identifying business entities involved in concealing the money trail and proceeds of the crime.
The Employees' Provident Fund Organisation (EPFO) has decided to maintain the interest rate on employees' provident fund (EPF) deposits at 8.25 per cent for the fiscal year 2025-26, marking the second consecutive year at this rate.
The Enforcement Directorate has launched a money laundering investigation into the alleged embezzlement of 590 crore from Haryana government accounts held with IDFC First Bank, conducting searches across multiple locations.
Delhi Police have arrested three men, including an employee of a jewellery trader, for allegedly fleeing with Rs 54 lakh in Chandni Chowk. The employee confessed to planning the theft with his accomplices.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Karnataka Lokayukta police have registered a disproportionate assets case against Udupi Excise Deputy Commissioner T M Srinivas after searches at multiple locations allegedly revealed assets worth Rs 8.69 crore beyond his known sources of income.
Police in Gadag, Karnataka, have arrested five men for allegedly luring students with false promises of scholarships to open bank accounts for illegal transactions.
A Delhi court sentenced four men to life imprisonment for the 2017 murder of a 17-year-old boy in Kirti Nagar, West Delhi, finding they acted with common intention.
Investors are moving away from the commercial paper (CP) market towards certificates of deposit (CDs), as primary CD issuances and rates on these short-term instruments rise.
Delhi Police has initiated legal action against social media accounts spreading rumours and misleading content related to the Uttam Nagar murder case, including a viral video seeking financial donations. Authorities have frozen a suspect bank account containing nearly Rs 37 lakh and are working with social media platforms to remove inflammatory content.
The CBI has conducted searches across multiple states in connection with a large-scale online financial fraud involving the overseas fintech platform 'Pyypl'.
The Bombay High Court has denied bail to a man accused of trafficking educated youth on the pretext of providing them jobs abroad, only to coerce them to carry out cyber fraud activities.
The Calcutta High Court acquitted a man sentenced to death by a sessions court, citing significant procedural errors and lack of corroborating evidence. The court also acquitted 18 others who had been sentenced to life imprisonment in the same murder case.
The quantum of fraud detected by the bank is more than the 503 crore net profit it reported for the October-December quarter of 2025-2026.
With domestic markets turning choppy, investors are increasingly scouting for opportunities overseas to diversify portfolios and hedge against a weakening rupee.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded 24.05 lakh compensation to the family of a tanker driver who died in a road accident in 2010. The insurance company's claim that the petition was time-barred was dismissed.
Kota City Police have arrested an alleged mastermind of an inter-state employment racket accused of defrauding over 8,500 people by promising work-from-home opportunities.
The Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder of Darwin Labs, in connection with the 200 million Gain Bitcoin cryptocurrency scam. Varshney was apprehended while attempting to flee the country.
'Money is not just about greed or accumulation. It gives you freedom, dignity and choice. And you have every right to all three.'
The Punjab and Haryana High Court has acquitted Dera Sacha Sauda chief Gurmeet Ram Rahim Singh in the 2002 murder of a journalist, citing a failure by the prosecution to prove its case and questioning the CBI's investigation.
Mumbai police have arrested a man from Gujarat for his alleged involvement in a cyber fraud case where a senior citizen was duped of Rs 2.25 crore after being threatened with arrest in a fake terrorism-related probe.
Tamil Nadu Chief Minister M K Stalin pledges to double the monthly grant if his DMK party secures victory in the upcoming assembly election, aiming to empower women and secure their support.
The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Vishwajeet Jhawar, promoter of Marvel Group, following a petition by APRN Enterprises for outstanding debt.
Music composer A R Rahman has agreed to credit the Junior Dagar Brothers for their influence on the song 'Veera Raja Veera' from the film 'Ponniyin Selvan: II', following a Supreme Court hearing.
The Delhi High Court has suspended actor Rajpal Yadav's sentence in a cheque bounce case until March 18, allowing his release from jail after he deposited Rs 1.5 crore.
Delhi Police have arrested three men and bound down a woman in connection with a cyber fraud operation that allegedly cheated a grocery shop owner of Rs 17 lakh through fake stock market investments.
'Credit growth in India remains in double digits, even though corporate borrowing is subdued.' 'Corporate credit is weak because companies are cash-rich and cautious amid global uncertainty.'
The Enforcement Directorate has attached assets worth over 441 crore in connection with the Andhra Pradesh liquor scam, which allegedly occurred during the previous YSRCP government's tenure.
Delhi Police have arrested 204 people and taken preventive action against 973 individuals under 'Operation Aaghat' ahead of the Holi festival. The operation targeted habitual offenders, bootleggers, drug peddlers, and other miscreants across the southern range of Delhi.
Senior Congress functionary Praveen Chakravarty has questioned the DMK's flagship women's assistance scheme, suggesting it's superstitious to believe it alone will ensure electoral success, citing examples of similar schemes failing to secure victories for other parties.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances