Search results for 'banking'

Labour Codes Enter Implementation Phase

Labour Codes Enter Implementation Phase

Rediff.com19 May 2026

A section of industry may need to begin compliance immediately, even as most states are yet to notify their rules.

Why Bengal Will Now Hand Over Infiltrators To BSF

Why Bengal Will Now Hand Over Infiltrators To BSF

Rediff.com21 May 2026

West Bengal Chief Minister Suvendu Adhikari announced that Bangladeshi infiltrators detained in the state will be handed over to the BSF instead of being produced in courts, following a new rule. Instructions have been issued to the police and RPF to directly transfer detainees to the BSF at the Bangladesh border, with weekly reports submitted to the CMO.

Modi Slams TMC for Allegedly Protecting Infiltrators to Preserve Vote Bank

Modi Slams TMC for Allegedly Protecting Infiltrators to Preserve Vote Bank

Rediff.com14 Mar 2026

Prime Minister Narendra Modi has accused the TMC of opposing the SIR exercise to protect its vote bank of infiltrators, alleging that unchecked illegal immigration under its rule in West Bengal has altered the demography of many areas.

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Rediff.com21 May 2026

India's gross savings rate is projected to be nearly 47 basis points higher in FY25 than previously estimated, following the Securities and Exchange Board of India's (Sebi) revision of the methodology for calculating household savings routed through the securities market.

Iran blames UAE after BRICS ministers fail to agree on joint declaration

Iran blames UAE after BRICS ministers fail to agree on joint declaration

Rediff.com16 May 2026

The BRICS foreign ministers' meeting in New Delhi concluded without a joint statement due to disagreements over the West Asia conflict, with Iran blaming the UAE for the lack of consensus. India, as the host, issued a chair's statement highlighting the differing views.

Maharashtra Deputy Collector Suspended For Godman Links

Maharashtra Deputy Collector Suspended For Godman Links

Rediff.com14 May 2026

The Maharashtra government has suspended Deputy Collector Abhijit Bhande-Patil for his alleged links with self-styled godman Ashok Kharat, who was arrested in March on rape and financial irregularity charges.

DMK's jibe at allies joining TVK govt causes uproar

DMK's jibe at allies joining TVK govt causes uproar

Rediff.com22 May 2026

The DMK criticised its former allies, VCK and IUML, for joining the TVK government, leading to a heated exchange and prompting DMK chief M K Stalin to call for restraint.

How Punjab Police Recovered Over 12,000 Lost Mobile Phones

How Punjab Police Recovered Over 12,000 Lost Mobile Phones

Rediff.com23 May 2026

Punjab Police have successfully traced and returned over 12,000 lost mobile phones to their owners in the past year, utilising technical and data analysis. The recoveries, estimated to be worth between Rs 15 to Rs 20 crore, were made possible through initiatives like the Central Equipment Identity Register (CEIR).

Mumbai Man Cheats Widow Of 7 Crore With False Loan Promise

Mumbai Man Cheats Widow Of 7 Crore With False Loan Promise

Rediff.com18 May 2026

A man in Mumbai has been booked for allegedly cheating a woman of 7 crore by making false promises of financial assistance and business loans after her husband's death. The accused, Bharat Singh alias Johnny, allegedly obtained the woman's GST login credentials and carried out fake transactions in her company's name.

Retail Inflation Edges Up to 3.48% in April on Costlier Jewellery, Kitchen Staples

Retail Inflation Edges Up to 3.48% in April on Costlier Jewellery, Kitchen Staples

Rediff.com13 May 2026

India's retail inflation, measured by the Consumer Price Index (CPI), increased to 3.48 per cent in April, up from 3.40 per cent in March, primarily due to a surge in prices of gold and silver jewellery, as well as certain kitchen staples like tomatoes and cauliflower.

Investment Disclosure Tightens Tax Scrutiny

Investment Disclosure Tightens Tax Scrutiny

Rediff.com7 May 2026

From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.

Teenager Killed By Friends After Vulgar Remarks

Teenager Killed By Friends After Vulgar Remarks

Rediff.com18 May 2026

A 13-year-old boy was found dead in a swampy area on the banks of the Noyyal river in Coimbatore. Two minor friends have been apprehended in connection with the alleged murder, which was triggered by vulgar remarks made by the victim.

SC asks CBI, ED to conduct 'fair, time-bound' probe into Anil Ambani Group banking fraud

SC asks CBI, ED to conduct 'fair, time-bound' probe into Anil Ambani Group banking fraud

Rediff.com23 Mar 2026

The Supreme Court has ordered a 'fair, dispassionate, transparent, and time-bound' investigation by the CBI and ED into the Anil Dhirubhai Ambani Group, addressing concerns over alleged large-scale banking fraud and demanding accountability.

'Target is to open 80 branches every year for next few years'

'Target is to open 80 branches every year for next few years'

Rediff.com29 Apr 2026

Best in class asset quality, strong retail granularity, and a sustainable return ratio -- these are the things we will look at, says Yes Bank's new MD and CEO Vinay Tonse.

Preferential Equity Listings Hit Record High in FY26 Amid Market Volatility

Preferential Equity Listings Hit Record High in FY26 Amid Market Volatility

Rediff.com5 May 2026

Preferential equity listings in India reached an unprecedented 1,307 in FY26, marking a 33% increase from the previous year and reflecting a strategic choice for companies during market volatility.

Six masked men loot Rs 13 lakh from bank in Jharkhand; search launched

Six masked men loot Rs 13 lakh from bank in Jharkhand; search launched

Rediff.com11 Mar 2026

Six masked men looted Rs 13 lakh from a nationalised bank branch in Jharkhand's East Singhbhum district, also snatching gold chains, mobile phones, and wallets of the staffers.

Haaland set for acting debut in animated Viking adventure

Haaland set for acting debut in animated Viking adventure

Rediff.com16 May 2026

Manchester City striker Erling Haaland is set to make his acting debut by voicing an animated version of himself in Viking adventure film Viqueens, scheduled for release in late 2026.

Prudential to acquire 75% stake in Bharti Life Insurance for Rs 3,500 crore

Prudential to acquire 75% stake in Bharti Life Insurance for Rs 3,500 crore

Rediff.com18 May 2026

Prudential plc has announced its acquisition of a 75 per cent stake in Bharti Life Insurance for approximately 3,500 crore, a strategic move to secure majority ownership in the Indian life insurance market. This acquisition necessitates Prudential reducing its holding in ICICI Prudential Life Insurance to below 10 per cent.

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

Rediff.com20 May 2026

The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from an earlier 6.6 per cent, attributing the change to global uncertainties and economic shocks stemming from the ongoing West Asia crisis.

Jeweller Arrested in Rs 250 Crore IDFC Bank Fraud Case: What We Know

Jeweller Arrested in Rs 250 Crore IDFC Bank Fraud Case: What We Know

Rediff.com14 Mar 2026

A jeweller has been arrested in Haryana in connection with a Rs 590 crore fraud at IDFC First Bank. The investigation revealed that over Rs 250 crore was routed to the jeweller's firm from companies linked to the accused.

Odisha Man Forced To Carry Sister's Skeleton: Inquiry Ordered

Odisha Man Forced To Carry Sister's Skeleton: Inquiry Ordered

Rediff.com29 Apr 2026

An administrative inquiry has been ordered after a man in Odisha's Keonjhar district was allegedly forced to carry his sister's skeleton to a bank as proof of death to withdraw money. The BJD has alleged further mistreatment, claiming he was made to walk 3 km to re-bury the remains.

Man Held For Credit Card Fraud In Delhi

Man Held For Credit Card Fraud In Delhi

Rediff.com11 May 2026

Delhi Police have arrested a man from Bihar for allegedly committing credit card fraud of Rs 3.99 lakh. The accused used stolen credentials to make purchases through the victim's e-commerce account.

'In India Politics Has Taken Over Business'

'In India Politics Has Taken Over Business'

Rediff.com20 May 2026

'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'

Big verdict: No RTI for BCCI, rules CIC

Big verdict: No RTI for BCCI, rules CIC

Rediff.com18 May 2026

The Central Information Commission has ruled that the Board of Control for Cricket in India does not qualify as a 'public authority' under the Right to Information Act, effectively placing it outside the scope of RTI disclosures.

Modi's Austerity Push Faces Reality Test

Modi's Austerity Push Faces Reality Test

Rediff.com25 May 2026

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.

Kerala Police Warns Of New Mattress Cyber Fraud

Kerala Police Warns Of New Mattress Cyber Fraud

Rediff.com9 May 2026

Kerala Police have issued a warning about a new form of cyber fraud targeting people buying mattresses online. Fraudsters pose as fake customer care representatives of mattress companies and pressure customers into making immediate payments.

SC urges Kapur family to settle RK Family Trust dispute through mediation

SC urges Kapur family to settle RK Family Trust dispute through mediation

Rediff.com14 May 2026

The Supreme Court has urged the Kapur family, including Rani Kapur and Priya Kapur, to resolve their dispute over the family trust through mediation, appointing a former Chief Justice to oversee the process.

Oil Price Surge, FII Outflows Drag Indian Stock Markets Lower

Oil Price Surge, FII Outflows Drag Indian Stock Markets Lower

Rediff.com28 Apr 2026

Indian benchmark indices Sensex and Nifty experienced declines due to a sharp rally in crude oil prices, continuous foreign fund outflows, and geopolitical uncertainties. Regulatory developments in the banking sector, particularly the implementation of the Expected Credit Loss (ECL) framework, also contributed to the selling pressure.

Delhi Driver Arrested For Siphoning Funds From Elderly Patient

Delhi Driver Arrested For Siphoning Funds From Elderly Patient

Rediff.com11 May 2026

A 39-year-old driver in Delhi, employed by a family for 15 years, has been arrested for allegedly exploiting an elderly Alzheimer's patient and siphoning off Rs 2.57 lakh through unauthorised UPI transactions.

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Rediff.com5 May 2026

Indian benchmark indices Sensex and Nifty experienced a decline due to renewed geopolitical concerns in the Strait of Hormuz, a strained US-Iran ceasefire, and the rupee hitting a record low against the US dollar.

How Delhi Police Busted An Interstate Cyber Fraud Ring

How Delhi Police Busted An Interstate Cyber Fraud Ring

Rediff.com8 May 2026

Delhi Police have dismantled an interstate cyber fraud syndicate, arresting 14 individuals allegedly involved in fraudulent transactions exceeding Rs 8 crore. The accused targeted job seekers with fake work-from-home opportunities via social media and job portals.

Fexo's AI Engine Aims to Streamline Business Loan Decisions for Banks

Fexo's AI Engine Aims to Streamline Business Loan Decisions for Banks

Rediff.com12 Mar 2026

Fexo, an AI intelligence platform focused on the BFSI sector, has launched its AI decisioning engine for business loans, designed to help financial institutions accelerate AI adoption and improve decision-making processes.

Why Change India's Electoral System?

Why Change India's Electoral System?

Rediff.com23 May 2026

'Why are we deliberately taking apart an electoral system that has worked?' 'There is no answer to that, and there is no data and has never been any on the absurd slander that foreigners are voting here,' asserts Aakar Patel.

Expert Advice: Rebalance Your Portfolio Amidst Gold Surge, Equity Volatility

Expert Advice: Rebalance Your Portfolio Amidst Gold Surge, Equity Volatility

Rediff.com21 May 2026

Amidst a sharp run-up in gold and silver prices, investors are advised to rebalance their portfolios by booking partial profits in precious metals and reallocating to domestic equities and debt, according to financial experts.

Kanpur Police Bust Cyber Fraud Syndicate, Arrest Eight

Kanpur Police Bust Cyber Fraud Syndicate, Arrest Eight

Rediff.com30 Apr 2026

Kanpur Police have dismantled a sophisticated cyber fraud syndicate, arresting eight individuals, including five bank officials, for facilitating mule accounts and hawala transactions worth Rs 125 crore.

Should You Fall In Developers' Flexible Payments Trap?

Should You Fall In Developers' Flexible Payments Trap?

Rediff.com12 May 2026

Deferred payment plans may come with a cost, which may not be immediately visible.

ED Returns 63,000 Crore To Victims Of Financial Crimes

ED Returns 63,000 Crore To Victims Of Financial Crimes

Rediff.com12 May 2026

The Enforcement Directorate has reported a staggering 170 per cent surge in asset attachments, reaching 81,422 crore in the last financial year (FY26), underscoring its intensified efforts against financial crimes and its significant role in restituting funds to victims.

Hand over Bangladeshi infiltrators to BSF, not courts, Suvendu tells police

Hand over Bangladeshi infiltrators to BSF, not courts, Suvendu tells police

Rediff.com21 May 2026

West Bengal Chief Minister Suvendu Adhikari announced that Bangladeshi infiltrators detained in the state will be directly handed over to the BSF for deportation, bypassing court appearances, following a new rule.

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

Rediff.com24 Apr 2026

Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.

Delhi Police Nab Sextortion Racket Kingpin From Mewat

Delhi Police Nab Sextortion Racket Kingpin From Mewat

Rediff.com6 May 2026

Delhi Police have arrested Abas Khan, the alleged kingpin of a sextortion racket, from Rajasthan's Mewat region for allegedly duping a 21-year-old man of Rs 2.52 lakh through a fake video call and blackmail.