IDFC First Bank reported a Rs 590 crore fraud involving its employees and others in accounts held by the Haryana government. The bank has informed regulators and filed a police complaint, initiating internal reviews and forensic audits.
Only bona fide victims would be compensated by banks within five days of receiving the complaint.
Delhi Police are increasing security measures, including intensified border checks and crackdowns on traffic violations, to ensure peaceful Holi celebrations.
Prashant Kishor's Jan Suraaj Party (JSP) failed to make a significant impact in the Bihar assembly elections, with most candidates securing less than 10% of the votes. The party is set to forfeit security deposits in a majority of constituencies.
'In the last one year, we have added more than Rs 1.7 trillion, and we are on track.'
Investors with a 6 to 12 month horizon may consider them. They should align their holding period with the fund's maturity profile and prefer schemes with a lower expense ratio.
Reserve Bank of India (RBI) Governor Sanjay Malhotra, and Deputy Governors Poonam Gupta, T Rabi Sankar, Swaminathan J, and S C Murmu on Friday addressed issues during the post-policy media interaction.
A Delhi court acquitted a man in a 2016 robbery case, citing the complainant's failure to identify him during a test identification parade (TIP) as creating 'serious doubt' about his involvement.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
The Enforcement Directorate (ED) has filed a chargesheet in connection with alleged financial irregularities at the R G Kar Medical College and Hospital, naming former principal Sandip Ghosh and others as accused.
The Delhi High Court has granted Rajpal Yadav granted an interim suspension of his sentence until March 18.
The Supreme Court has granted bail to filmmaker Vikram Bhatt and regularized the interim bail of his wife in a multi-crore rupees cheating case lodged in Rajasthan, involving allegations of misappropriated funds for a biopic project.
Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low levels for a long period and may go down even further.
The Enforcement Directorate (ED) is seeking an expedited trial against Congress leader P Chidambaram in the Aircel-Maxis and INX Media money laundering cases, having submitted the required prosecution sanction to the court.
The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear for questioning on February 26 after he skipped deposition this week, official sources said on Thursday.
Banks are depending more heavily on the market for certificates of deposit (CDs), whose worth climbed to a record Rs 5.75 trillion in the fortnight to January 15, owing to deposit tightness in the system.
The tribunal granted partial relief to the appellants by modifying Sebi's directions on trading restrictions and account freezes, making them conditional on the deposit of the said amount.
The Supreme Court has granted bail to filmmaker Vikram Bhatt and his wife Shwetambari Bhatt in a cheating case involving alleged misappropriation of funds. The court ordered their release from Udaipur jail and issued notices to the complainant and the Rajasthan government.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
'Everybody has stood by Rajpal Yadav. The industry has been supportive.'
The 2026-27 Budget, seeking to harmonise the government's imperative to grant certainty while ensuring a rational tax policy, had several notable announcements to usher in halcyon days, says Mukesh Butani.
Margin Trading Facility (MTF) provides an avenue for traders to magnify their potential returns by trading with borrowed money; however, it carries inherent risks. While the lure of increased purchasing power is strong, responsible engagement with MTF requires having a clear understanding of the MTF feature. In this blog, we will explore the key do's and don'ts of those who are considering using MTF.
Saiteja Mukkamalla's attractive 79 and a four-wicket haul by former India Under-19 star Harmeet Singh powered United States to a comfortable 93-run victory over the Netherlands.
Jammu and Kashmir outclassed Bengal by six wickets to advance to a historic first ever Ranji Trophy final appearance on Wednesday.
The BJP-led NDA retained power in the state, winning 202 of the total 243 seats, while the INDIA bloc bagged only 35, including six of the Congress.
State Bank of India on Saturday reported an all-time high profit of Rs 21,028 crore in December quarter FY26 on a standalone basis.
The Supreme Court has directed the government to raise awareness, compensate, and protect vulnerable individuals who have lost money in cyber scams. The court's remarks came while granting bail to an accused in a cybercrime case, emphasizing the need for public education and cybersecurity awareness.
Banking sector has witnessed healthy growth in advances in the third quarter of financial year 2026 (Q3FY26) against the same period last year, as the full impact of goods and service tax (GST) rate cuts drove growth. Most of the lenders saw their credit growth outpace the deposit growth in the quarter.
Banking operations at public sector banks across the country were impacted on Tuesday as the United Forum of Bank Unions (UFBU) went on nationwide strike demanding the immediate implementation of a five-day work week.
Zero-coupon bonds suit investors with long-term goals such as retirement or education planning.
Led by the country's biggest lender State Bank of India (SBI), public sector banks logged a record cumulative profit of Rs 52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth.
The Supreme Court declined to entertain a petition by Jan Suraaj Party seeking annulment of the 2025 Bihar Assembly elections, citing violation of the Model Code of Conduct. The court directed the party to approach the Patna High Court.
Six banks that reported their quarterly business updates for the October-December (Q3FY26) quarter on Friday recorded double-digit growth in their loan books compared with a year ago. Deposits also posted healthy growth during the period.
The ratio of MF assets under management to total bank deposits has more than doubled in 10 years.
The Supreme Court has directed a Jharkhand-based lawyer to issue an unconditional apology to the High Court in a contempt case stemming from a viral courtroom exchange where he allegedly told a judge, "Don't cross the limit."
Private sector lender IDFC First Bank has lowered its savings account rates and introduced new slabs for small and medium balance categories, effective January 9, 2025, as per its website. The interest slabs and rates for higher balance accounts remain unchanged. Despite the revision, the bank continues to offer one of the highest savings account interest rates in the industry among mid-sized banks.
'This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.'
The caller told the victim that a bank account linked to his mobile number had allegedly received Rs 7 crore through money laundering activities and warned that he would be arrested in the case.
A retired soldier of Bilaspur in Himachal Pradesh has been duped of Rs 98 lakh after being kept under 15 days 'digital arrest' by the fraudsters, officials said on Friday.
The Securities and Exchange Board of India (Sebi) has granted a no-objection certificate (NOC) to the National Stock Exchange of India (NSE), paving the way for the country's biggest exchange - currently valued at 5 trillion in the unlisted market - to file draft documents for its long-awaited initial public offering (IPO).
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