News for '-banke'

Markets Crash Nearly 2%: BSE Sensex tumbled 1,342 pts; NSE Sinks Below 24K

Markets Crash Nearly 2%: BSE Sensex tumbled 1,342 pts; NSE Sinks Below 24K

Rediff.com1 days ago

Indian stock market indices Sensex and Nifty experienced a significant decline, driven by rising crude oil prices, sustained foreign fund outflows, and selling pressure in major bank stocks.

US-Iran Conflict Wipes Out Rs 70,000 Cr From LIC Portfolio

US-Iran Conflict Wipes Out Rs 70,000 Cr From LIC Portfolio

Rediff.com1 days ago

The BSE Sensex and the Nifty 50 declined around 4.5 per cent each since the start of the West Asia conflict.

Enforcement Directorate Investigates 590 Crore Fraud in Haryana Government Accounts

Enforcement Directorate Investigates 590 Crore Fraud in Haryana Government Accounts

Rediff.com1 days ago

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.

New labour Codes raise operating expenses of pvt banks, insurers

New labour Codes raise operating expenses of pvt banks, insurers

Rediff.com26 Jan 2026

The new labour Codes, notified by the central government in November 2025, have pushed up employee costs for private-sector banks and insurance companies, with these firms reporting higher operating expenses in the October-December quarter (Q3FY26) due to the statutory impact of the new labour Codes.

T20 World Cup: England bank on unity, belief, says Brook ahead of India semifinal

T20 World Cup: England bank on unity, belief, says Brook ahead of India semifinal

Rediff.com4 Mar 2026

England's captain, Harry Brook, emphasises the importance of unity, belief, and composure under pressure as the team prepares for their T20 World Cup semifinal clash against India.

Enforcement Directorate Investigates Rs 590 Crore Embezzlement from Haryana Government Accounts

Enforcement Directorate Investigates Rs 590 Crore Embezzlement from Haryana Government Accounts

Rediff.com1 days ago

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.

RBI takes measured steps on liquidity amid tax outflows

RBI takes measured steps on liquidity amid tax outflows

Rediff.com3 days ago

To meet liquidity pressure because of advance tax outflows this month, the Reserve Bank of India (RBI) has adopted a measured approach with its latest announcement of open-market operations (OMOs), worth Rs 1 trillion.

Beware: 'Digital Lutera' toolkit targets UPI users, warns cyber firm

Beware: 'Digital Lutera' toolkit targets UPI users, warns cyber firm

Rediff.com13 hours ago

Cyber intelligence firm CloudSEK reports that online fraudsters are using a new toolkit called 'Digital Lutera' to bypass security features of UPI apps and carry out fraudulent financial transactions.

India's Forex Reserves Surge to a Historic Peak of $728.5 Bn

India's Forex Reserves Surge to a Historic Peak of $728.5 Bn

Rediff.com6 days ago

India's foreign exchange reserves have surged to an all-time high, reaching USD 728.494 billion, according to the Reserve Bank of India. This increase is attributed to a rise in foreign currency assets and gold reserves.

Fraudulent Loan Attempt Uncovered at Pilibhit Tiger Reserve

Fraudulent Loan Attempt Uncovered at Pilibhit Tiger Reserve

Rediff.com6 days ago

An attempt to secure a bank loan using forged signatures and documents related to the Pilibhit Tiger Reserve has been uncovered, prompting a police investigation.

Cyberfraudsters Dupe Thane Man of 1.56 Crore with 'Digital Arrest' Scam

Cyberfraudsters Dupe Thane Man of 1.56 Crore with 'Digital Arrest' Scam

Rediff.com1 days ago

A 64-year-old man from Thane was allegedly defrauded of 1.56 crore by cybercriminals using a 'digital arrest' scam, involving forged documents and constant surveillance.

Court Demands Extradition Update in Bush Foods Money Laundering Case

Court Demands Extradition Update in Bush Foods Money Laundering Case

Rediff.com9 hours ago

A Delhi court has requested clarification from the Ministry of External Affairs regarding the extradition status of a former managing director of Bush Foods Overseas Pvt Ltd and his wife, who are residing in London, in connection with a money laundering case linked to an alleged Rs 750-crore bank loan fraud.

Assam Police Bust Interstate Cyber Crime Syndicate, Arrest Five

Assam Police Bust Interstate Cyber Crime Syndicate, Arrest Five

Rediff.com3 days ago

Assam police have arrested five individuals for their alleged involvement in an interstate cyber crime syndicate, focusing on SIM card fraud and identity theft.

ED Raids Reliance Power Offices in Money Laundering Case

ED Raids Reliance Power Offices in Money Laundering Case

Rediff.com6 days ago

The Enforcement Directorate conducted searches at multiple locations in Mumbai and Hyderabad as part of a money laundering investigation against Reliance Power Ltd., a group company of businessman Anil Ambani.

Kerala Official Nabbed in Bribery Sting for Residence Certificate

Kerala Official Nabbed in Bribery Sting for Residence Certificate

Rediff.com13 hours ago

A village panchayat clerk in Palakkad, Kerala, was arrested by the Vigilance and Anti-Corruption Bureau (VACB) for allegedly accepting a bribe of Rs 2,500 for issuing a residence certificate.

BJP MLC kept under 'digital arrest' for 90 minutes posing as ATS sleuths

BJP MLC kept under 'digital arrest' for 90 minutes posing as ATS sleuths

Rediff.com7 days ago

A BJP MLC in Sultanpur, Uttar Pradesh, has filed a complaint alleging he was held under 'digital arrest' by individuals posing as Mumbai ATS officers.

'Can I Build Rs 2 Cr Corpus in 10 Years?'

'Can I Build Rs 2 Cr Corpus in 10 Years?'

Rediff.com2 days ago

Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.

Man Held in Cyber Fraud Case Involving Senior Citizen

Man Held in Cyber Fraud Case Involving Senior Citizen

Rediff.com6 days ago

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.

$6-Billion Foreign Bet on India's Private Banks

$6-Billion Foreign Bet on India's Private Banks

Rediff.com12 Jan 2026

Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.

Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

Value of CDs climbs to Rs 5.75 trn, rates cross 7% for marquee banks

Rediff.com26 Jan 2026

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.

Sensex jumps 944 points on value-buying in oil, auto, banking stocks

Sensex jumps 944 points on value-buying in oil, auto, banking stocks

Rediff.com2 Feb 2026

Bharat Electronics, Reliance Industries, Mahindra & Mahindra, Larsen & Toubro, InterGlobe Aviation, ICICI Bank and UltraTech Cement were among the other major gainers. Axis Bank, Infosys, Tata Consultancy Services, Trent and Titan were the laggards.

Stock Market Today March 6, 2026: Sensex, Nifty dive over 1% on boiling crude price

Stock Market Today March 6, 2026: Sensex, Nifty dive over 1% on boiling crude price

Rediff.com6 days ago

Indian stock market benchmark indices Sensex and Nifty experienced a significant decline, driven by escalating tensions in the Middle East and rising crude oil prices.

Engineer in Odisha Nabbed for Alleged Corruption

Engineer in Odisha Nabbed for Alleged Corruption

Rediff.com4 days ago

An assistant executive engineer in Odisha was arrested by the Vigilance Department for allegedly possessing assets disproportionate to his known income sources.

CBI Cracks Down on Online Investment Fraud Ring Linked to 'Pyypl'

CBI Cracks Down on Online Investment Fraud Ring Linked to 'Pyypl'

Rediff.com19 hours ago

The CBI has conducted searches across multiple states in connection with a large-scale online financial fraud involving the overseas fintech platform 'Pyypl'.

BJP Leader Giriraj Singh Slams Mamata Banerjee's 'Muslim Appeasement' Politics in West Bengal

BJP Leader Giriraj Singh Slams Mamata Banerjee's 'Muslim Appeasement' Politics in West Bengal

Rediff.com6 days ago

Union Minister Giriraj Singh has accused West Bengal Chief Minister Mamata Banerjee of appeasing Muslims and protecting infiltrators, while the BJP promises to bring 'Ram Rajya' to the state if elected.

RBI Processes 99.8% of Applications Under Citizen's Charter Within Timeline

RBI Processes 99.8% of Applications Under Citizen's Charter Within Timeline

Rediff.com2 Mar 2026

The Reserve Bank of India (RBI) announced that it processed 99.8% of applications within the prescribed timeline under its Citizen's Charter in February, demonstrating high efficiency in its operations.

Jaipur Police Bust Online Gaming Fraud Ring, Arrest Seven

Jaipur Police Bust Online Gaming Fraud Ring, Arrest Seven

Rediff.com8 hours ago

Jaipur police arrested seven individuals and detained two minors for allegedly defrauding people through online gaming scams, luring victims with promises of cash prizes.

Swift Launches New System for Faster, Cheaper International Payments

Swift Launches New System for Faster, Cheaper International Payments

Rediff.com7 days ago

Swift and global banks are launching a new system to make international payments faster and cheaper for small businesses and consumers, starting with major global markets.

Kerala Police Arrest 165 in Major Cyber Fraud Operation

Kerala Police Arrest 165 in Major Cyber Fraud Operation

Rediff.com6 days ago

Kerala Police arrested 165 people and registered 455 cases in a statewide operation targeting cyber financial fraud, confiscating devices and disrupting criminal networks.

Rs 14 Trillion Investor Wealth Wiped Out

Rs 14 Trillion Investor Wealth Wiped Out

Rediff.com5 days ago

Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent.

Cyber Fraud Ring Busted in Delhi, Three Arrested

Cyber Fraud Ring Busted in Delhi, Three Arrested

Rediff.com3 Mar 2026

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.

Kanpur Police Unearth Rs 250 Crore GST Fraud

Kanpur Police Unearth Rs 250 Crore GST Fraud

Rediff.com3 Mar 2026

Kanpur police have uncovered a GST fraud racket where suspects used unsuspecting individuals' documents to create fake firms and route transactions worth nearly Rs 250 crore.

Mumbai Bomb Threat Email: Probe Launched, No Middle East Link Yet

Mumbai Bomb Threat Email: Probe Launched, No Middle East Link Yet

Rediff.com12 hours ago

Authorities in Mumbai are investigating an email threatening bomb attacks on key buildings, including the Vidhan Bhavan and the Bombay Stock Exchange (BSE). Security has been heightened, and officials are working to trace the origin of the threat.

Stock Markets Today March 9, 2026: Sensex crashed 2346 points

Stock Markets Today March 9, 2026: Sensex crashed 2346 points

Rediff.com3 days ago

Indian stock market benchmark indices Sensex and Nifty experienced a significant drop in early trade due to rising crude oil prices, bearish global market trends, and continuous foreign fund outflows.

Ashwini Vaishnaw: BJP to End TMC's 15-Year Rule in West Bengal

Ashwini Vaishnaw: BJP to End TMC's 15-Year Rule in West Bengal

Rediff.com5 days ago

Railway Minister Ashwini Vaishnaw asserted that the BJP will form the government in West Bengal after the upcoming assembly elections, ending the Trinamool Congress's 15-year rule. He criticised the TMC for vote-bank politics, hindering development, and failing to protect women, while promising unprecedented development under a BJP government.

World Bank flags how India failed to rein in debt in several states

World Bank flags how India failed to rein in debt in several states

Rediff.com5 Feb 2026

India's state-level fiscal rules have improved headline deficits, but the gains are fragile and uneven with major states still grappling with high debt levels, a World Bank report submitted to the 16th Finance Commission (FC) said. According to the report, despite nearly two decades of adoption of fiscal responsibility laws (FRLs), debt levels have not converged.

Giriraj Singh Accuses Mamata Banerjee of Protecting Infiltrators

Giriraj Singh Accuses Mamata Banerjee of Protecting Infiltrators

Rediff.com6 days ago

Union Minister Giriraj Singh has accused West Bengal Chief Minister Mamata Banerjee of protecting infiltrators from the Muslim community for political gain. He also alleged corruption and economic decline under the TMC government.

These Cyber Scams Are Happening Around You

These Cyber Scams Are Happening Around You

Rediff.com7 days ago

Cyber threats aren't always invisible -- sometimes they're right beside you.

Oil surges over 25% to $116.5 per barrel

Oil surges over 25% to $116.5 per barrel

Rediff.com3 days ago

Brent crude prices surged sharply on Monday, rising by more than 25 per cent to $116.5 per barrel, amid the ongoing conflict in West Asia, which has made crude prices bullish.

'Even China...': BJP slams Congress for blindly backing Iran

'Even China...': BJP slams Congress for blindly backing Iran

Rediff.com7 days ago

The BJP has criticised the Congress party for allegedly prioritising its vote bank and outdated ideologies over India's national interest and citizen safety in its foreign policy approach towards Iran.