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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......

Russia agrees to boost joint defence manufacturing in India

Russia on Friday agreed to encourage joint manufacturing in India of military hardware and spare parts for maintenance of Russian-origin arms and defence equipment. IMAGE: Russian President......

In An AI-Obsessed World, India's Craft May Redefine 'Made In India'

What is currently perceived as a massive, low-tech liability could become a high-value, export-oriented economic engine, points out Ajit Balakrishnan. Illustration: Dominic Xavier/Rediff When I......

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......

5,800 Jews In India's North East To Relocate To Israel

Israel's government has approved a proposal to bring all the remaining 5,800 Jews from India's north-east, commonly referred to as Bnei Menashe, over the next five years. IMAGE: Jews recite......

India Opens Doors To Foreign Banks, But...

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff In September 2006, the Union government had put the Satara......

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......

Board nod must for bank entities to do same biz: RBI

The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval......

RBI imposes Rs 91 lakh penalty on HDFC Bank

A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday. Photograph: Shailesh Andrade/Reuters The......

India needs world-class banks; in talks with RBI, lenders: Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this regard. Photograph: ANI Photo......

India bank on Kohli-Rohit magic to seal ODI series

IMAGE: A record-extending 52nd ODI century by Virat Kohli and a rapid 57 from Rohit Sharma paved the way for India's victory in the series-opener in Ranchi. Photograph: BCCI/X The chatter around......

WPL auction: UP Warriorz break the bank for Deepti!

No takers for Alyssa Healy; Giants bought Sophie Devine for Rs 2 crore, while UP Warriorz landed Lanning for Rs 1.90 crore. IMAGE: Deepti Sharma was retained by UP Warriorz for Rs 3.20 Crore,......

'India will come hard at us but we are ready': Breetzke

IMAGE: India require a victory in the third and final ODI to avoid a second successive series defeat against the Proteas after succumbing 0-2 in the preceding Tests. Photograph: BCCI/X South......

FIDE World Cup: Arjun lone warrior for India after Harikrishna falls

IMAGE: P. Harikrishna during round 5 tie-break. Photograph: Eteri Kublashvili/FIDE India's hopes in the FIDE World Cup 2025 will depend solely on second seed GM Arjun Erigaisi after GM P......