Search results for 'bank'

10 years in jail, Rs 50 lakh fine: Govt tables new paper leak bill

10 years in jail, Rs 50 lakh fine: Govt tables new paper leak bill

Rediff.com27 Jul 2026

Amidst widespread student protests over the NEET paper leak, the Indian government has introduced the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026, in the Lok Sabha. The bill proposes significantly stricter punishments, including jail terms of up to 10 years and fines of up to Rs 50 lakh for individuals involved in paper leaks, and up to Rs 10 crore for organised crimes, aiming to enhance transparency and fairness in public examinations.

Gen Z Protests: 'Biggest Blow Has Been To The Prime Minister'

Gen Z Protests: 'Biggest Blow Has Been To The Prime Minister'

Rediff.com30 Jul 2026

'After more than 12 years in power, he has been forced to retreat under public pressure. The education minister's resignation is the biggest political climbdown of his government so far.'

RBI's New Capital Exposure Norms Trigger Drop in Trading Volumes

RBI's New Capital Exposure Norms Trigger Drop in Trading Volumes

Rediff.com7 Jul 2026

New capital exposure norms implemented by the Reserve Bank of India (RBI) from July 1 have led to a noticeable drop in trading volumes, with Multi-Commodity Exchange (MCX) options premium ADTV falling by nearly 40 per cent in early July.

Ram Temple theft: Police trace accuseds' money trail to land deals, new homes

Ram Temple theft: Police trace accuseds' money trail to land deals, new homes

Rediff.com11 Jul 2026

The police investigating the "embezzlement" of donations at the Ram temple in Ayodhya have scrutinised the bank accounts of relatives of the eight arrested accused as they seek to establish the money trail behind the alleged diversion of funds, sources said on Friday.

AU Small Finance Bank Pioneers AI-Native Loan Origination

AU Small Finance Bank Pioneers AI-Native Loan Origination

Rediff.com12 May 2026

AU Small Finance Bank has launched its first AI-native loan origination system, built on the Broccoli platform, in partnership with Amazon Web Services. This deployment marks a significant step towards becoming a fully AI-native bank, replacing traditional systems with a hyper-personalised sales and servicing platform.

World Bank Chief Advocates 'Small AI' For Farmers

World Bank Chief Advocates 'Small AI' For Farmers

Rediff.com22 May 2026

World Bank President Ajay Banga has advocated for the deployment of 'Small AI' locally deployed artificial intelligence running on inexpensive hardware to address daily problems faced by farmers and rural communities in emerging markets.

Bangladesh pushes for India cricket tour in September to revive ties

Bangladesh pushes for India cricket tour in September to revive ties

Rediff.com21 Jul 2026

Bangladesh is actively pursuing a cricket series against India in September, utilising sports diplomacy to mend strained bilateral ties following a controversy involving Mustafizur Rahman and Bangladesh's subsequent T20 World Cup boycott.

Rajan, Chetty Join US Fed Task Forces

Rajan, Chetty Join US Fed Task Forces

Rediff.com11 Jul 2026

US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.

Bill to expedite paper leak trials to be tabled in Parliament

Bill to expedite paper leak trials to be tabled in Parliament

Rediff.com25 Jul 2026

India is set to introduce a new amendment to its anti-paper leak law in the Lok Sabha, aiming to establish fast-track courts across all states and union territories for swift trials and significantly harsher penalties for exam malpractices, including jail terms of 5 to 10 years and fines up to Rs 50 lakh for individuals, and up to Rs 10 crore for organised crimes.

Ahead Of Spider-Man: Brand New Day, Every Spider-Man Film Ranked

Ahead Of Spider-Man: Brand New Day, Every Spider-Man Film Ranked

Rediff.com29 Jul 2026

Ahead of Spider-Man: Brand New Day, we rank every live-action Spider-Man movie from the critically acclaimed Spider-Man 2 to the less successful The Amazing Spider-Man 2.

Acer Aspire 3 (2026): 7 Things To Know

Acer Aspire 3 (2026): 7 Things To Know

Rediff.com20 Jul 2026

The Acer Aspire 3 (2026) is now available in India through Flipkart in 11.6-inch and 15.6-inch display variants.

New EPF Rules Every Employee Must Know

New EPF Rules Every Employee Must Know

Rediff.com22 Jul 2026

The EPF should remain a retirement nest egg, not be turned into an emergency fund.

Stock Markets Today: Sensex, Nifty Slump on West Asia Tensions, Oil Price Rise

Stock Markets Today: Sensex, Nifty Slump on West Asia Tensions, Oil Price Rise

Rediff.com13 Jul 2026

Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, driven by escalating tensions in West Asia and a sharp rise in crude oil prices, alongside a bearish trend in other Asian markets.

SBI Funds Management IPO Sees Full Subscription on Second Day

SBI Funds Management IPO Sees Full Subscription on Second Day

Rediff.com15 Jul 2026

The initial public offer (IPO) of SBI Funds Management Ltd was fully subscribed on the second day of bidding, receiving bids for 1.17 times the shares on offer, with strong interest from non-institutional investors and anchor investors.

How Paytm's AI And App Simplification Are Fueling UPI Growth And Attracting Gen Z

How Paytm's AI And App Simplification Are Fueling UPI Growth And Attracting Gen Z

Rediff.com23 Jul 2026

Mobile payments pioneer Paytm reported significant growth in its UPI payments business for Q1 FY27, driven by app simplification, AI investments, and a focus on attracting Gen Z customers. The company saw a 45% year-on-year increase in Consumer UPI Gross Transaction Value and a rise of 60 lakh in Monthly Transacting Users, outpacing the industry. Paytm's strategy prioritises customer retention and product innovation, leading to a profitable quarter with strong revenue and EBITDA growth, further supported by AI-led operational efficiencies and an India-focused language model.

SBI Boosts YONO Platform With New AI Features And Digital Journeys

SBI Boosts YONO Platform With New AI Features And Digital Journeys

Rediff.com1 Jul 2026

State Bank of India has launched a suite of AI-powered digital innovations on its YONO platform, enhancing both retail and business banking services. These new features include a 3-in-1 digital onboarding process, a sustainability tracker, integrated trade finance, and an AI virtual assistant, aiming to provide intelligent and future-ready banking experiences for its 53 crore customers.

Stock Markets Today: Sensex, Nifty Rebound in Early Trade Amid FII Inflows, Blue-Chip Buying

Stock Markets Today: Sensex, Nifty Rebound in Early Trade Amid FII Inflows, Blue-Chip Buying

Rediff.com9 Jul 2026

Indian benchmark indices Sensex and Nifty rebounded in early trade on Thursday, recovering from a sharp fall in the previous session, driven by foreign fund inflows and buying in key blue-chip stocks. Track Sensex, Nifty on July 9, 2026.

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Rediff.com18 May 2026

Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.

Bira 91 Founder Ankur Jain Exits Board, Executive Roles Following Settlement

Bira 91 Founder Ankur Jain Exits Board, Executive Roles Following Settlement

Rediff.com22 Jul 2026

Bira 91 founder Ankur Jain and his family have stepped down from the board and executive positions of B9 Beverages, the parent company, after reaching a settlement with the craft beer maker's lenders and investors.

EPFO to credit 8.25% PF interest by July 15 to 34 crore members

EPFO to credit 8.25% PF interest by July 15 to 34 crore members

Rediff.com9 Jul 2026

The Employees' Provident Fund Organisation (EPFO) is set to credit the 8.25 per cent interest on provident funds for FY26 to 34 crore member accounts by July 15, enabled by its new centralised IT system (CITES). This upgrade promises enhanced operational efficiency, transparent services, and easier access to PF details and claims for members.

Adarsh Baal Vidyalaya Review: Humour, Heart, Hard Realities

Adarsh Baal Vidyalaya Review: Humour, Heart, Hard Realities

Rediff.com24 Jul 2026

Adarsh Baal Vidyalaya is as breezy and it is earnest, discovers Deepa Gahlot.

Indian Markets Rebound as Sensex Climbs 238 Points, Nifty Up 80

Indian Markets Rebound as Sensex Climbs 238 Points, Nifty Up 80

Rediff.com9 Jul 2026

Indian benchmark indices, Sensex and Nifty, staged a moderate rebound after a significant correction in the previous session, driven by foreign fund inflows and a largely positive trend in global markets, though geopolitical tensions between the US and Iran continued to foster caution.

How To Apply For Rs 2 Lakh IDFC MBA Scholarship

How To Apply For Rs 2 Lakh IDFC MBA Scholarship

Rediff.com7 Jul 2026

The IDFC FIRST Bank MBA Scholarship 2026-28 is a need-based financial assistance program for students pursuing the first year of a full-time MBA course.

'India Has Only 15 More Years Left...'

'India Has Only 15 More Years Left...'

Rediff.com27 Jul 2026

'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'

Ranbir Kapoor Buys Land At *This* Price

Ranbir Kapoor Buys Land At *This* Price

Rediff.com14 Jul 2026

Ranbir Kapoor has made a significant investment, purchasing 25.7 acres of land in Pune's scenic Mulshi taluka for over Rs 16.42 crore (Rs 164.2 million), underscoring a growing trend among celebrities to favour land banking for long-term real estate appreciation and development potential.

Automation nudges banks towards leaner workforce

Automation nudges banks towards leaner workforce

Rediff.com28 Apr 2026

Major Indian banks, including Axis Bank, HDFC Bank, and RBL Bank, have reported a decline in employee headcount in FY26, attributing the reductions to significant investments in technology and automation yielding productivity gains across operations.

HDFC Life, ICICI Pru report strong Q1 profit growth, driven by premiums

HDFC Life, ICICI Pru report strong Q1 profit growth, driven by premiums

Rediff.com17 Jul 2026

HDFC Life Insurance and ICICI Prudential Life Insurance have reported double-digit growth in profitability for the first quarter of FY27, buoyed by healthy premium collections and increased investment income, with HDFC Life's net profit rising 11.9% and ICICI Pru's by 27.8%.

Geopolitics, Earnings, Crude Prices Key to Indian Market Movement

Geopolitics, Earnings, Crude Prices Key to Indian Market Movement

Rediff.com13 Jul 2026

Analysts predict that the US-Iran geopolitical conflict, upcoming quarterly earnings announcements, and fluctuations in crude oil prices will be the primary drivers of investor sentiment in the Indian equity markets.

Kohli, Rohit remain very integral part of India's ODI team: Shubman Gill

Kohli, Rohit remain very integral part of India's ODI team: Shubman Gill

Rediff.com13 Jul 2026

Shubman Gill has affirmed that Virat Kohli and Rohit Sharma are indispensable to India's ODI team, highlighting their vast experience and skill.

Retail Inflation Rises to 4.38% in June, Exceeds RBI's 4% Median Target

Retail Inflation Rises to 4.38% in June, Exceeds RBI's 4% Median Target

Rediff.com13 Jul 2026

India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.

NBFC access to term money market may lift volumes by 40-60%

NBFC access to term money market may lift volumes by 40-60%

Rediff.com2 Jul 2026

The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.

India's Forex Kitty Drops by $5.65 Billion to $666.93 Billion

India's Forex Kitty Drops by $5.65 Billion to $666.93 Billion

Rediff.com3 Jul 2026

India's foreign exchange reserves saw a significant drop of USD 5.654 billion, settling at USD 666.933 billion for the week ending June 26, following interventions by the RBI and public appeals by Prime Minister Narendra Modi to conserve forex.

Confident Kujur ignores fastest-man tag, targets Commonwealth, Asian Games glory

Confident Kujur ignores fastest-man tag, targets Commonwealth, Asian Games glory

Rediff.com22 Jul 2026

Focused on success at the Commonwealth and Asian Games, Animesh Kujur is unconcerned by the fastest-man debate, believing his performances on the biggest stages will speak for themselves.

Why Indian Banks Are Boosting IT Security Investments

Why Indian Banks Are Boosting IT Security Investments

Rediff.com3 May 2026

Public sector banks in India are increasing their IT spending to bolster cybersecurity measures in response to concerns about Anthropic's Claude Mythos AI tool and its potential to exploit vulnerabilities in financial systems.

Gold loans, commercial realty fuel NBFC credit surge in May

Gold loans, commercial realty fuel NBFC credit surge in May

Rediff.com8 Jul 2026

Non-banking financial companies (NBFCs) in India saw their overall credit growth accelerate to 14.2 per cent year-on-year in May, primarily driven by significant increases in loans against gold jewellery and commercial real estate, according to recent Reserve Bank of India (RBI) data.

Easy Loans: 5 Rules Every Borrower Should Follow

Easy Loans: 5 Rules Every Borrower Should Follow

Rediff.com21 Jul 2026

The most financially successful borrowers will not necessarily be those who have the easiest access to credit. They will be the ones who understand how to manage it wisely

ADB trims India's FY27 growth projection to 6.6% amid West Asia crisis

ADB trims India's FY27 growth projection to 6.6% amid West Asia crisis

Rediff.com9 Jul 2026

The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.

Indian Banks Must Modernise Tech, Build AI Defences: Barclays India CEO

Indian Banks Must Modernise Tech, Build AI Defences: Barclays India CEO

Rediff.com11 May 2026

Barclays Global Service Centre India MD & CEO Praveen Kumar has urged Indian banks to modernise their technology architecture and build AI-based defence systems to counter emerging cyber threats posed by AI tools.

MP Cabinet clears UCC Bill; covers marriage, inheritance, live-in relations

MP Cabinet clears UCC Bill; covers marriage, inheritance, live-in relations

Rediff.com19 Jul 2026

The Madhya Pradesh cabinet has approved the draft Uniform Civil Code (UCC) bill, which will be introduced in the state assembly's monsoon session. The proposed legislation, excluding the tribal community, addresses marriage, live-in relationships, adoption, and inheritance, aiming for women's empowerment and social harmony. Chief Minister Mohan Yadav highlighted broad support and criticised the Congress for its stance.

Ram Temple Trust holds series of meetings; eyes administrative overhaul

Ram Temple Trust holds series of meetings; eyes administrative overhaul

Rediff.com8 Jul 2026

Amidst an ongoing SIT probe into alleged embezzlement of Ram temple donations, Shri Ram Janmabhoomi Teerth Kshetra Trust treasurer Govind Dev Giri held a series of meetings in Ayodhya. These discussions followed the acceptance of resignations from former general secretary Champat Rai and trustee Anil Mishra, and the Trust's decision to overhaul its administrative structure, including appointing a professional CEO. Rai, who has adopted a vow of silence, questioned the State Bank of India's role in the donation counting process, while Giri defended Rai but acknowledged his trust in the wrong people. The SIT probe is expanding to examine the Trust's financial transactions and administrative processes.