News for 'Bank Z'

SIT questions Ram temple trust officials over donation theft allegations

SIT questions Ram temple trust officials over donation theft allegations

Rediff.com17 Jun 2026

A Special Investigation Team (SIT) formed by the Uttar Pradesh government has questioned Shri Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai and administrator Gopal Rao regarding allegations of donation money theft and financial mismanagement at the Ram temple in Ayodhya.

RBI Plans New UPI Safety Checks

RBI Plans New UPI Safety Checks

Rediff.com2 Jun 2026

Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.

ED quizzes TMC MP Abhishek for over 11 hours in school jobs scam case

ED quizzes TMC MP Abhishek for over 11 hours in school jobs scam case

Rediff.com16 Jun 2026

Trinamool Congress national general secretary Abhishek Banerjee is undergoing interrogation by the Enforcement Directorate in connection with the alleged primary school recruitment scam. The ED is focusing on the money trail, financial documents, and statements from other accused, following a prior questioning session by the state CID on a separate forgery case.

Tender Scam Blows Lid Off Bihar Corruption

Tender Scam Blows Lid Off Bihar Corruption

Rediff.com19 Jun 2026

'As the Bihar government's focus is on development and infrastructure projects worth thousands of crores, Rishu Sinha created a network to pay a decent commission to government officials for securing tenders.'

Ex-Bank Manager, Nine Others Convicted in 2004 Mumbai Loan Scam

Ex-Bank Manager, Nine Others Convicted in 2004 Mumbai Loan Scam

Rediff.com24 Mar 2026

A special CBI court in Mumbai has convicted a retired bank manager and nine others in connection with a 2004 loan fraud case, sentencing them to prison terms ranging from one to five years.

All banking cos to deduct TDS on interest income beyond Rs 50,000 a year

All banking cos to deduct TDS on interest income beyond Rs 50,000 a year

Rediff.com30 Mar 2026

The Income Tax Department has clarified the applicability of TDS (Tax Deducted at Source) on interest income for banking companies under the Income Tax Act, 2025, aligning it with the Banking Regulation Act, 1949.

Australia spoil Turkey's return to World Cup stage with tense win

Australia spoil Turkey's return to World Cup stage with tense win

Rediff.com14 Jun 2026

Australia defeated Turkey 2-0 in their Group D World Cup opener, with goals from Nestory Irankunda and Connor Metcalfe, placing them second in the group.

'India Has Enough Oil And Gas Beneath The Soil'

'India Has Enough Oil And Gas Beneath The Soil'

Rediff.com13 Jun 2026

'Exploration should be made easier and companies should be given operational flexibility.'

RBI Reassures on HDFC Bank's Financial Health Following Chairman's Exit

RBI Reassures on HDFC Bank's Financial Health Following Chairman's Exit

Rediff.com19 Mar 2026

The Reserve Bank of India (RBI) has issued a statement assuring the public of HDFC Bank's stability and sound financial position following the resignation of its chairman, Atanu Chakraborty, citing ethical concerns.

Stock markets surge on US-Iran peace deal, oil price drop

Stock markets surge on US-Iran peace deal, oil price drop

Rediff.com15 Jun 2026

Indian stock markets extended their gains for a second consecutive session, with the Sensex closing 736 points higher, driven by a global equity rally and a significant drop in crude oil prices following the finalisation of a peace deal between the US and Iran to end their 107-day conflict and reopen the Strait of Hormuz.

India's fertiliser subsidy bill set to double to Rs 3.4 trillion in FY27

India's fertiliser subsidy bill set to double to Rs 3.4 trillion in FY27

Rediff.com17 Jun 2026

India's Central government is likely to see its fertiliser subsidy bill double to a record 3.4 trillion in FY27, up from the Budget estimate of 1.7 trillion, due to surging global fertiliser prices exacerbated by the West Asia war. This significant increase, coupled with revenue losses from excise duty cuts for oil-marketing companies, is straining the government's fiscal space, though capital expenditure plans remain unchanged.

Chatra Police Unravel Teen's Murder Over Illegal Weapons Dispute

Chatra Police Unravel Teen's Murder Over Illegal Weapons Dispute

Rediff.com11 Jun 2026

Jharkhand Police have solved the murder case of 18-year-old Pramod Yadav in Chatra district, arresting two adults and a minor. The victim, who was reported missing, was found buried, and investigations revealed he was killed by friends over a dispute involving illegal weapons.

Illegal Call Centre Busted In Goa, 26 Arrested

Illegal Call Centre Busted In Goa, 26 Arrested

Rediff.com29 May 2026

Goa Police dismantled an illegal call centre in Verna Industrial Estate, arresting 26 individuals for allegedly defrauding US citizens by posing as bank employees.

ICICI Bank Hit with 768.6 Crore GST Demand Notice

ICICI Bank Hit with 768.6 Crore GST Demand Notice

Rediff.com19 Mar 2026

ICICI Bank has received a demand notice of 768.6 crore from tax authorities for alleged short payment of GST, related to services provided to customers maintaining minimum balances.

Five Arrested in Gadag for Student Bank Account Fraud

Five Arrested in Gadag for Student Bank Account Fraud

Rediff.com16 Mar 2026

Police in Gadag, Karnataka, have arrested five men for allegedly luring students with false promises of scholarships to open bank accounts for illegal transactions.

Stock markets today: Sensex, Nifty slump on global cues

Stock markets today: Sensex, Nifty slump on global cues

Rediff.com8 Jun 2026

Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring a sharp decline in global equities and a fresh spike in crude oil prices, exacerbated by simmering tensions in West Asia and a global unwinding of the AI-led rally. Track how sensex, Nifty fared on June 8.

US-Iran Peace Deal: Analysts Eye OMCs, Aviation, Infra as Key Beneficiaries

US-Iran Peace Deal: Analysts Eye OMCs, Aviation, Infra as Key Beneficiaries

Rediff.com16 Jun 2026

A potential US-Iran peace deal, expected to be signed on June 19, is anticipated to ease geopolitical stress and benefit various sectors, particularly in India, with analysts suggesting investors await finer details before making significant moves.

Sensex and Nifty Recover as Crude Oil Prices Dip and Bank Stocks Rally

Sensex and Nifty Recover as Crude Oil Prices Dip and Bank Stocks Rally

Rediff.com6 Apr 2026

Indian benchmark indices Sensex and Nifty rebounded sharply on Monday, driven by a correction in crude oil prices due to ceasefire efforts in West Asia and strong buying in bank stocks.

David Beckham honoured with Walk of Fame star

David Beckham honoured with Walk of Fame star

Rediff.com14 Jun 2026

Sir David Beckham, the first English player to win league titles in four countries, was honored with a star on the Hollywood Walk of Fame on Friday.

Stock markets today: Sensex, Nifty Climb in Early Trade

Stock markets today: Sensex, Nifty Climb in Early Trade

Rediff.com5 Jun 2026

Indian stock market benchmarks, Sensex and Nifty, saw gains in early trading, driven by anticipation surrounding the Reserve Bank of India's monetary policy decision, despite mixed global cues and significant FII outflows.

Heatwaves Trigger Hidden Ozone Threat

Heatwaves Trigger Hidden Ozone Threat

Rediff.com22 Jun 2026

'Can you believe there are over 26,500 deaths linked to heatwave-driven ozone in 2024?'

How Gujarat Police Cracked Down On Cyber Fraud

How Gujarat Police Cracked Down On Cyber Fraud

Rediff.com1 Jun 2026

Gujarat police have uncovered cyber frauds worth Rs 2,289 crore and arrested 638 individuals as part of 'Operation Mule Account 1.0', a state-wide crackdown on online criminals launched in 2025.

IT Stocks Fuel Sensex Rebound, Snap Four-Day Losing Streak

IT Stocks Fuel Sensex Rebound, Snap Four-Day Losing Streak

Rediff.com2 Jun 2026

Indian benchmark indices, the BSE Sensex and NSE Nifty, snapped a four-day losing streak, with the Sensex climbing 382 points, primarily driven by a strong rally in IT sector shares. Major IT firms like TCS, Infosys, and HCL Tech saw significant gains, contributing to the market's recovery.

Privatisation push loses steam as IDBI Bank stake sale scrapped

Privatisation push loses steam as IDBI Bank stake sale scrapped

Rediff.com23 Mar 2026

India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.

Missing Australian NRI murdered by brother over property

Missing Australian NRI murdered by brother over property

Rediff.com6 Jun 2026

A Melbourne-based Indian-origin teacher, Sunil Sharma, who went missing in Amritsar, was allegedly murdered by his brother, Satish Sharma, over a property dispute. Police investigations revealed Satish conspired with property dealers to usurp Sunil's properties, leading to his murder with a baseball bat after being drugged. Sunil's body was then disposed of in a canal, and his family, including his daughter, had appealed for help in finding him. Satish, his wife, and son have been arrested, and a search for the body and other conspirators is ongoing.

NSE IPO: Draft Papers Likely Next Week After Decade-Long Delay

NSE IPO: Draft Papers Likely Next Week After Decade-Long Delay

Rediff.com14 Jun 2026

The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.

Smallcap Schemes Lead Mutual Fund Rally

Smallcap Schemes Lead Mutual Fund Rally

Rediff.com1 Jun 2026

Most actively-managed equity mutual fund schemes outperformed their benchmarks despite volatility across domestic equity markets during the past year.

How Telangana Police Cracked Down on a Massive Mule Bank Account Fraud

How Telangana Police Cracked Down on a Massive Mule Bank Account Fraud

Rediff.com28 Mar 2026

Telangana police have dismantled a large network operating illegal mule bank accounts used for fraudulent financial transactions, arresting 13 suspects and uncovering transactions worth approximately Rs 138 crore.

Scotland edge past Haiti for first World Cup win in 36 years

Scotland edge past Haiti for first World Cup win in 36 years

Rediff.com14 Jun 2026

Scotland defeated Haiti 1-0 in a World Cup Group C match, with John McGinn scoring the winning goal. This victory marks Scotland's first win in the tournament since 1990, placing them at the top of their group. Haiti, despite their pace, lacked the finishing touch.

India can return to over 7% growth path in FY28: CEA

India can return to over 7% growth path in FY28: CEA

Rediff.com6 Jun 2026

Chief Economic Advisor V Anantha Nageswaran stated that India's economy is projected to return to a 7 per cent-plus growth trajectory by 2027-28 (FY28), or sooner if external conditions improve, despite near-term challenges from the West Asia crisis.

Delhi Man Arrested For Defrauding Paralyzed Brother-In-Law

Delhi Man Arrested For Defrauding Paralyzed Brother-In-Law

Rediff.com23 May 2026

Delhi Police have arrested a 26-year-old man for allegedly siphoning off Rs 1.48 lakh from his paralysed brother-in-law's bank accounts after gaining the family's trust as his caretaker.

Stock markets today: Sensex rises 300 points; Nifty over 23K

Stock markets today: Sensex rises 300 points; Nifty over 23K

Rediff.com22 May 2026

Indian benchmark equity indices, Sensex and Nifty, saw a rebound in early trade, driven by a rally in global markets and easing Brent crude oil prices, with hopes of US-Iran peace negotiations also contributing to investor optimism. Track Sensex, Nifty on May 22

Cyber Fraud: Thane Man Loses Lakhs In Terror Funding Scam

Cyber Fraud: Thane Man Loses Lakhs In Terror Funding Scam

Rediff.com27 May 2026

A 70-year-old man from Thane was allegedly duped of Rs 40.5 lakh by cyber fraudsters posing as police officers who threatened him with arrest in a fake terror funding case.

Gurugram Digital Arrest Scam: Five Arrested In Rs 42.92 Lakh Fraud Case

Gurugram Digital Arrest Scam: Five Arrested In Rs 42.92 Lakh Fraud Case

Rediff.com3 Jun 2026

Gurugram police have arrested five individuals in connection with a Rs 42.92 lakh digital arrest scam. The fraudsters posed as CBI officers, intimidated a victim, and coerced them into transferring a large sum of money. The arrested individuals include account holders and those who withdrew the defrauded cash.

FIFA World Cup: Qatar hold Switzerland for first ever World Cup point

FIFA World Cup: Qatar hold Switzerland for first ever World Cup point

Rediff.com14 Jun 2026

Qatar snatched their first ever World Cup point with a stoppage-time goal to draw 1-1 with Switzerland in an energetic and one-sided Group B opener on Saturday.

Ghaziabad Bank Manager Killed After Dispute with Security Guard

Ghaziabad Bank Manager Killed After Dispute with Security Guard

Rediff.com17 Mar 2026

A bank manager in Ghaziabad was shot dead by a security guard following disputes over salary and leave, leading to the arrest of the guard and an accomplice.

Stock markets today: Sensex, Nifty slide as global cues weaken, foreign funds exit

Stock markets today: Sensex, Nifty slide as global cues weaken, foreign funds exit

Rediff.com4 Jun 2026

Indian benchmark indices Sensex and Nifty experienced a decline in early trade, mirroring weak global market trends and persistent outflows from foreign institutional investors (FIIs), exacerbated by ongoing geopolitical uncertainties in West Asia.

Jio Payments Bank Enables UPI Cash Withdrawals at Touchpoints

Jio Payments Bank Enables UPI Cash Withdrawals at Touchpoints

Rediff.com17 Mar 2026

Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.

RBI maintains repo rate at 5.25%, cites West Asia crisis and inflation risks

RBI maintains repo rate at 5.25%, cites West Asia crisis and inflation risks

Rediff.com5 Jun 2026

The Reserve Bank of India (RBI) has kept its key lending rate, the repo rate, unchanged at 5.25 per cent for the second consecutive time, citing concerns over rising energy prices, supply disruptions from the West Asia crisis, and potential inflationary pressures.

Where Are India's Rich Investing Money?

Where Are India's Rich Investing Money?

Rediff.com18 Jun 2026

As the rupee weakens, wealthy families are accelerating investments in global assets.