News for 'Bank of India'

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

How A Software Engineer Ran A Rs 100 Crore Online Trading Scam

Rediff.com11 May 2026

A software engineer earning a high salary allegedly abandoned his career to run a fake online trading racket, duping investors of nearly Rs 100 crore.

Two Arrested For Share Market Investment Fraud In Delhi

Two Arrested For Share Market Investment Fraud In Delhi

Rediff.com21 Apr 2026

Delhi Police have arrested two men from Gujarat for allegedly defrauding a Delhi resident of Rs 9.75 lakh under the guise of high-return share market investments.

Supreme Court Grants Bail In Rs 3,700 Crore Investment Scam

Supreme Court Grants Bail In Rs 3,700 Crore Investment Scam

Rediff.com15 May 2026

The Supreme Court granted bail to the wife of the alleged 'kingpin' of a Rs 3,700-crore scam and directed that no court shall de-freeze the assets attached by the probe agencies in the case till the trial in the FIRs against the accused are concluded.

OnePlus Nord CE 6 Gets Massive 8,000mAh Battery

OnePlus Nord CE 6 Gets Massive 8,000mAh Battery

Rediff.com8 May 2026

The OnePlus Nord CE6 features a 6.78-inch 1.5K AMOLED display with a 144 Hz refresh rate, a Snapdragon 7s Gen 4 chipset, a 50MP main camera, and an 8,000 mAh battery with 80W SUPERVOOC charging.

RBI Simplifies E-Mandate Rules For Reissued Cards

RBI Simplifies E-Mandate Rules For Reissued Cards

Rediff.com21 Apr 2026

The Reserve Bank of India has updated its e-mandate framework, allowing card issuers to map existing mandates to reissued cards and clarifying rules around transaction limits and customer grievance redressal.

SC refuses to interfere in NCLAT order restoring Byju's committee of creditors

SC refuses to interfere in NCLAT order restoring Byju's committee of creditors

Rediff.com5 May 2026

The Supreme Court has dismissed an appeal by Byju Raveendran, upholding the NCLAT's decision to reinstate the original Committee of Creditors (CoC) in Think & Learn Private Ltd's insolvency proceedings, which includes Glass Trust Company LLC as a major lender.

Crude at $130 could unsettle growth outlook: S&P Global

Crude at $130 could unsettle growth outlook: S&P Global

Rediff.com15 Apr 2026

S&P Global Ratings warns that a sustained rise in crude oil prices to $130 per barrel could significantly slow India's economic growth, weaken fiscal metrics, and strain corporate and banking sector performance, potentially reducing growth by up to 80 basis points.

Sensex, Nifty Extend Losses as Surging Oil Prices and IT Sell-off Hit Markets

Sensex, Nifty Extend Losses as Surging Oil Prices and IT Sell-off Hit Markets

Rediff.com24 Apr 2026

Indian equity benchmark indices Sensex and Nifty tumbled over 1 per cent for the third consecutive day, driven by a sharp rally in crude oil prices, massive selling in IT stocks, and unabated foreign fund outflows amid ongoing geopolitical tensions in the Middle East.

Ex-Narcotics Bureau Official Faces Charges In Cheating Case

Ex-Narcotics Bureau Official Faces Charges In Cheating Case

Rediff.com7 May 2026

A special CBI court has upheld the framing of charges against a former Narcotics Control Bureau official accused of cheating the bureau by claiming subsistence allowance while suspended, despite working for three private companies.

Rupee falls 28 paise to 93.44 amid US-Iran talks uncertainty

Rupee falls 28 paise to 93.44 amid US-Iran talks uncertainty

Rediff.com21 Apr 2026

The Indian rupee depreciated by 28 paise to settle at 93.44 against the US dollar, influenced by ongoing uncertainties surrounding West Asia peace negotiations, volatile crude oil prices, and the Reserve Bank of India's recent adjustments to non-deliverable forward market regulations.

Stock Markets Today: Sensex, Nifty50 Open Lower Amid Surging Oil Prices, Foreign Fund Outflows

Stock Markets Today: Sensex, Nifty50 Open Lower Amid Surging Oil Prices, Foreign Fund Outflows

Rediff.com28 Apr 2026

Indian benchmark indices, Sensex and Nifty, opened lower on Tuesday, driven by a surge in global crude oil prices and continued outflows by Foreign Institutional Investors (FIIs), reflecting fragile market sentiment influenced by external factors.

Chicago University Honours Ex-CEA Krishnamurthy Subramanian

Chicago University Honours Ex-CEA Krishnamurthy Subramanian

Rediff.com1 May 2026

The University of Chicago has conferred its Alumni Award for Professional Achievement to India's former chief economic adviser Krishnamurthy V Subramanian, the first Indian economist to receive the honour since 1941.

Sensex closed 283 points higher on buying in bank, metal shares

Sensex closed 283 points higher on buying in bank, metal shares

Rediff.com18 Feb 2026

Benchmark equity indices Sensex and Nifty extended their gains for the third straight session on Wednesday, driven by last-hour buying in bank, metal, and FMCG shares.

VB-G RAM G Act to replace MGNREGA: What Changes For Rural Workers

VB-G RAM G Act to replace MGNREGA: What Changes For Rural Workers

Rediff.com11 May 2026

The Indian government has announced the replacement of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin), or VB-G RAM G Act, 2025, effective July 1. The new scheme aims to expand guaranteed wage employment and link it more closely with infrastructure development and climate resilience, but faces concerns from opposition parties and labour rights activists.

UP Police Bust Inter-State Cyber Fraud Syndicate

UP Police Bust Inter-State Cyber Fraud Syndicate

Rediff.com19 Apr 2026

Uttar Pradesh Police have uncovered an inter-state cyber fraud syndicate with suspected links to Nepal and Chinese handlers, arresting five people in Bareilly district.

Crucial Tata Trusts Board Meeting On May 8

Crucial Tata Trusts Board Meeting On May 8

Rediff.com4 May 2026

The top agenda of the meeting includes a review of Tata Trusts representation on the Tata Sons board.

Financial Crimes Decline Due To Agency Action: ED

Financial Crimes Decline Due To Agency Action: ED

Rediff.com1 May 2026

The Enforcement Directorate (ED) reports a decline in traditional financial crimes due to sustained investigative actions and government initiatives, while highlighting emerging challenges like cryptocurrency fraud and terror financing.

'I Don't Want To Be Like My Mother'

'I Don't Want To Be Like My Mother'

Rediff.com11 May 2026

Esha Sandhu, Dr D S S Srinivas Prasad, Ipninder Singh pay tribute to their mothers.

Variations very important for bowlers in T20 cricket: Prasidh Krishna

Variations very important for bowlers in T20 cricket: Prasidh Krishna

Rediff.com15 May 2026

Gujarat Titans pacer Prasidh Krishna discusses the importance of bowlers developing variations to combat the dominance of batters in the high-scoring environment of T20 cricket, emphasising the need for adaptability and skill execution.

Three Arrested In Rs 1.6 Crore Digital Arrest Scam

Three Arrested In Rs 1.6 Crore Digital Arrest Scam

Rediff.com18 Apr 2026

The CBI has arrested three individuals, including an IndusInd Bank assistant manager, in connection with a Rs 1.6 crore "digital arrest" scam. The arrests followed searches in Telangana and Andhra Pradesh.

Two months of West Asia war: Analysts see smallcap's outperformance continuing

Two months of West Asia war: Analysts see smallcap's outperformance continuing

Rediff.com29 Apr 2026

Despite geopolitical tensions and FII outflows, Indian small and midcap stocks have not only recovered losses but are also outperforming largecap indices, driven by attractive valuations, domestic institutional support, and a rebound in earnings.

RBI mandates faster credit of inward remittances

RBI mandates faster credit of inward remittances

Rediff.com10 Apr 2026

The Reserve Bank of India (RBI) has introduced stricter timelines for banks to process inward cross-border remittances, aiming to reduce delays in crediting funds to beneficiaries by mandating immediate customer intimation and more frequent nostro account reconciliation.

Why Tata Trusts Board Meeting Was Cancelled

Why Tata Trusts Board Meeting Was Cancelled

Rediff.com9 May 2026

A crucial Tata Trusts board meeting was unexpectedly postponed, highlighting internal conflicts over veto power, Tata Sons listing, and trustee eligibility, raising concerns about the stability of the $180 billion conglomerate.

When Will Jio Credit Reach AUM Level Of Rs 1 Trillion?

When Will Jio Credit Reach AUM Level Of Rs 1 Trillion?

Rediff.com29 Apr 2026

'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'

Is The World Moving Towards De-Dollarisation?

Is The World Moving Towards De-Dollarisation?

Rediff.com2 May 2026

India should not stay on the margins of this initiative. There should be a serious debate about what would be in India's best interests asserts former foreign secretary Shyam Saran.

ServiceNow Enhances AI Control Tower For Enterprise Governance

ServiceNow Enhances AI Control Tower For Enterprise Governance

Rediff.com6 May 2026

ServiceNow has announced an expansion of its AI Control Tower offering with new capabilities that give enterprises control over every AI system, agent, and workflow, regardless of where it runs.

10 Famous Maa Temples

10 Famous Maa Temples

Rediff.com11 May 2026

We journey to 10 famous Maa temples, each devoted to a different form of Devi or the female force...

Delhi Villages To Get Land Ownership Rights: What It Means

Delhi Villages To Get Land Ownership Rights: What It Means

Rediff.com20 Apr 2026

Residents of 31 villages in Delhi will soon receive ownership rights to their residential land within 'Lal Dora' limits, according to South Delhi BJP MP Ramvir Singh Bidhuri. Property cards will be issued to landowners, enabling them to secure bank loans.

NEET paper leak: CBI arrests 5; TN CM Vijay calls for abolishing test

NEET paper leak: CBI arrests 5; TN CM Vijay calls for abolishing test

Rediff.com14 May 2026

The CBI has arrested five individuals and conducted searches across India in connection with the NEET UG paper leak case. Protests have intensified, and calls for the Education Minister's resignation have grown louder. Political parties are trading blame, and the Supreme Court is considering a plea for an overhaul of the National Testing Agency.

RBI UPI Delay Plan Gets Banker Backing

RBI UPI Delay Plan Gets Banker Backing

Rediff.com21 Apr 2026

'It is a tradeoff between convenience and fraud prevention.'

India Opens Doors To Foreign Banks, But...

India Opens Doors To Foreign Banks, But...

Rediff.com12 Nov 2025

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.

How AI Will Enhance Crime Tracking and Criminal Profiling in India

How AI Will Enhance Crime Tracking and Criminal Profiling in India

Rediff.com31 Mar 2026

The Indian government is integrating artificial intelligence into the Crime and Criminal Tracking Network & Systems (CCTNS) 2.0 to enhance crime tracking, criminal profiling, and predictive policing across the country.

Stock Markets Today: Sensex, Nifty50 Down on Strait of Hormuz Tensions, Weak Rupee

Stock Markets Today: Sensex, Nifty50 Down on Strait of Hormuz Tensions, Weak Rupee

Rediff.com5 May 2026

Indian equities on Dalal Street saw volatility as global market trends and weak rupee impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 5, 2026.

Stock markets end higher; ITC, banks lead recovery

Stock markets end higher; ITC, banks lead recovery

Rediff.com6 Feb 2026

Stock markets closed higher on Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.

Trio Arrested For Gas Cylinder APK File Fraud

Trio Arrested For Gas Cylinder APK File Fraud

Rediff.com22 Apr 2026

Mumbai Police have arrested three men from Jharkhand for creating and selling fraudulent APK files used to scam people, particularly during a recent shortage of LPG cylinders.

Still Want To Buy Gold? 5 Tips To Reduce Your Cost

Still Want To Buy Gold? 5 Tips To Reduce Your Cost

Rediff.com15 May 2026

With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.

How investors will benefit if banks start lending to Reits

How investors will benefit if banks start lending to Reits

Rediff.com6 Feb 2026

The Reserve Bank of India on Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.

How RBI Plans To Protect Your Money From Scams

How RBI Plans To Protect Your Money From Scams

Rediff.com16 Apr 2026

The proposed solution is a one-hour delay for digital transactions exceeding Rs 10,000, particularly when the transfer is made to a new or unverified beneficiary. The idea is simple -- give users a window to reconsider, detect fraud or alert their bank before the funds are irretrievably transferred.

Govt issues updated SOP for processing FDI applications

Govt issues updated SOP for processing FDI applications

Rediff.com5 May 2026

The Indian government has issued an updated Standard Operating Procedure (SOP) for processing Foreign Direct Investment (FDI) applications, aiming to clear all proposals within 12 weeks, a two-week extension from the previous 10-week target, to ensure a fully paperless and transparent process.

Goldman Cuts India Market Outlook

Goldman Cuts India Market Outlook

Rediff.com27 Mar 2026

Goldman Sachs has materially lowered its earnings growth forecast for Indian companies by a cumulative 9 percentage points over the next two years.