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Bank Frauds Creep Back, RBI Sounds Alarm

Fraud reported by banks declined in 2024-2025 to 23,953 as compared to 36,060 in the previous year though the amount involved jumped to Rs 36,014 crore from Rs 12,230 crore. Kindly note that this......

Man behind bank heists posed as humble fruit-seller by day

A 51-year-old fruit seller who doubled as the mastermind of the notorious "Mamu Gang" -- a group of robbers who targeted banks -- has been arrested by the Crime Branch of Delhi police, an officer......

187 bank transfers in 6 months: Woman loses Rs 32cr in digital arrest

In what is said to be the largest digital arrest scam in Karnataka, a 57-year-old woman in Bengaluru reportedly lost about Rs 32 crore in a sophisticated "digital arrest" scam that lasted over six......

Over 50 held as T'gana's EAGLE Force hits Nigerian cartel's India Ops

Telangana's anti-narcotics wing, the EAGLE Force, on Friday said it had carried out a massive multi-state operation against a 'Nigerian drug cartel' operating across India, resulting in the arrest......

31-year-old bank manager found dead in Bengaluru pub washroom

A 31-year-old bank manager was found dead under mysterious circumstances inside the washroom of a pub in Bengaluru, the police said on Friday. IMAGE: Kindly note that this image has been posted......

Fino 1st payments bank to get RBI nod to turn SFB

Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB). Illustration: Dominic......

We expect deposit rates to moderate post rate cut: RBI

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......

M&A financing the new frontier for banks, but RBI's watching

Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models. Illustration: Uttam Ghosh/Rediff Ask Debadatta Chand about his plans......

DPDP to Push Up IT Costs for Banks, Firms

Companies, particularly those that are notified as Significant Data Fiduciaries, will have to make extensive investments in data mapping, process modification, consent management tools, tools to......

'Banks Need To Reinvent Themselves'

'Reinvention is not a hugely difficult task. With technology as available today, you can reinvent yourself pretty quickly.' Illustration: Dominic Xavier/Rediff With technological and financial......

PIX: Arsenal stun Bayern Munich, go top; PSV whip Liverpool

Arsenal are now the only team in the UEFA Champions League with a maximum 15 points and look all but assured of a place in the last 16. A summary of Wednesday's action. IMAGE: Jurrien Timber......

'Crazy win': AB hails SA, KP fumes at 'modern batting'

'Crazy good win that! Well done Proteas I'm speechless' IMAGE: South Africa claimed their first Test victory on Indian soil since 2010. Photograph: Cricket South Africa/X South Africa’s......

Jujitsu champ Rohini Kalam found dead at home

Her younger sister, Roshni, discovered her hanging in her room and immediately alerted the family. She was rushed to a nearby hospital but was declared brought dead. IMAGE: Rohini Kalam had......