News for 'Banking Department'

Rs 10 Crore Money Trail Uncovered In Jharkhand Treasury Scam

Rs 10 Crore Money Trail Uncovered In Jharkhand Treasury Scam

Rediff.com1 May 2026

The Jharkhand Criminal Investigation Department (CID) has uncovered a money trail of Rs 10 crore related to the Bokaro treasury scam, freezing several fixed deposits and arresting multiple individuals, including police personnel and an accountant.

Bengaluru Student Allegedly Dies By Suicide After Academy Harassment

Bengaluru Student Allegedly Dies By Suicide After Academy Harassment

Rediff.com20 May 2026

A 23-year-old student at a private coaching academy in Bengaluru allegedly died by suicide due to mental harassment and humiliation over poor academic performance. Police have registered a case against academy staff based on a complaint by the student's father.

Rupee's record low, crude prices pull Indian markets lower

Rupee's record low, crude prices pull Indian markets lower

Rediff.com19 May 2026

Indian stock markets concluded Tuesday's trading session lower, reversing intraday gains due to late-session selling in blue-chip stocks like HDFC Bank and Reliance Industries. The decline was primarily driven by the Indian rupee hitting a new record low against the US dollar and elevated global crude oil prices, compounded by geopolitical uncertainties.

IPL 2026 Qualifier 2: Can Rabada, Siraj Stop Sooryavanshi's Rampage?

IPL 2026 Qualifier 2: Can Rabada, Siraj Stop Sooryavanshi's Rampage?

Rediff.com28 May 2026

Gujarat Titans face Rajasthan Royals in Qualifier 2 of the Indian Premier League, with a focus on stopping Vaibhav Sooryavanshi and improving their batting and fielding.

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Sebi's Revised Methodology Boosts India's Household Savings Ratio

Rediff.com21 May 2026

India's gross savings rate is projected to be nearly 47 basis points higher in FY25 than previously estimated, following the Securities and Exchange Board of India's (Sebi) revision of the methodology for calculating household savings routed through the securities market.

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

UN cuts India's 2026 GDP forecast to 6.4%, cites global uncertainties

Rediff.com20 May 2026

The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from an earlier 6.6 per cent, attributing the change to global uncertainties and economic shocks stemming from the ongoing West Asia crisis.

Jharkhand Police Nab Prime Accused In Treasury Embezzlement Case

Jharkhand Police Nab Prime Accused In Treasury Embezzlement Case

Rediff.com29 Apr 2026

Jharkhand Police have arrested the prime accused in a fraudulent withdrawal case from the West Singhbhum treasury, along with three others. The accused manipulated departmental computer data for nearly nine years to divert government funds into their own accounts and those of associates.

CBI Takes Over Probe into 550 Crore Haryana Government Fund Embezzlement

CBI Takes Over Probe into 550 Crore Haryana Government Fund Embezzlement

Rediff.com9 Apr 2026

The CBI has registered an FIR to investigate the alleged embezzlement of 550 crore from Haryana government accounts held with IDFC First Bank, following a referral from the state government.

Court orders confiscation of arms consultant Sanjay Bhandari's assets

Court orders confiscation of arms consultant Sanjay Bhandari's assets

Rediff.com6 May 2026

A Delhi court has ordered the confiscation of several properties belonging to UK-based arms consultant Sanjay Bhandari under the Fugitive Economic Offenders Act, following his declaration as a fugitive in a money laundering case.

Key Myanmar Drug Trafficker Arrested In Delhi

Key Myanmar Drug Trafficker Arrested In Delhi

Rediff.com17 May 2026

The Narcotics Control Bureau (NCB) has arrested a major Myanmar-based drug trafficker in Delhi, who was a key supplier of methamphetamine and heroin across the India-Myanmar border. The arrest follows extensive surveillance and investigations into transnational drug trafficking networks.

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Vijay Must Demonstrate His Government Doesn't Engage In Theft

Rediff.com27 May 2026

If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.

Madhya Pradesh Government Reshuffles 62 IPS Officers

Madhya Pradesh Government Reshuffles 62 IPS Officers

Rediff.com3 May 2026

The Madhya Pradesh government has transferred 62 IPS officers, including 19 superintendents of police, assigning them new roles across various levels.

Key Myanmar Drug Trafficker Arrested In Delhi

Key Myanmar Drug Trafficker Arrested In Delhi

Rediff.com17 May 2026

The Narcotics Control Bureau (NCB) has arrested a major Myanmar-based drug trafficker in Delhi, who was a key supplier of methamphetamine and heroin. The arrest follows extensive surveillance and coordinated operations targeting transnational drug trafficking networks along the India-Myanmar border.

Modi's Austerity Push Faces Reality Test

Modi's Austerity Push Faces Reality Test

Rediff.com25 May 2026

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.

Vivo X300: Snapdragon 8 Gen 5, 200 MP Camera

Vivo X300: Snapdragon 8 Gen 5, 200 MP Camera

Rediff.com8 May 2026

The flagship Vivo X300 Ultra features a 6.82-inch 2K LTPO AMOLED display, the Snapdragon 8 Elite Gen 5 processor, a ZEISS-co-engineered 200MP triple camera system, and a 5800 mm vapour cooling system.

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.

Why West Bengal Is Ending Religious Leader Payments

Why West Bengal Is Ending Religious Leader Payments

Rediff.com18 May 2026

The West Bengal cabinet has decided to discontinue assistance-oriented schemes based on religious categorisation for Imams, muezzins and purohits from June. The cabinet also approved the 'Annapurna' scheme of Rs 3,000 monthly support to women from June 1, and granted in-principle consent for their free travel in state-run buses.

GST Fraud: Mastermind Arrested In Rs 410 Crore ITC Scam

GST Fraud: Mastermind Arrested In Rs 410 Crore ITC Scam

Rediff.com22 Apr 2026

The Commercial Taxes Department has arrested Mohammed Tauqeer for his involvement in generating and routing fraudulent ITC across multiple states, unearthing a GST fraud worth Rs 410 crore.

MP cruise tragedy: Toll rises to 9, six still missing

MP cruise tragedy: Toll rises to 9, six still missing

Rediff.com1 May 2026

A tragic cruise boat accident at Bargi Dam in Jabalpur, Madhya Pradesh, has claimed nine lives after a sudden storm caused the vessel to capsize, prompting extensive rescue efforts.

ED Cracks Down On Liquor Smuggling Racket In Arunachal Pradesh

ED Cracks Down On Liquor Smuggling Racket In Arunachal Pradesh

Rediff.com27 Apr 2026

The Enforcement Directorate conducted raids across Arunachal Pradesh, uncovering a large-scale interstate liquor smuggling and money laundering network.

Nine Arrested In Delhi Coaching Scam: What We Know

Nine Arrested In Delhi Coaching Scam: What We Know

Rediff.com1 May 2026

The Anti-Corruption Branch (ACB) has arrested nine individuals linked to coaching institutes in connection with an alleged Rs 37.20-crore scam involving a Delhi government scheme.

IDFC First bank flags Rs 590 crore fraud in Haryana govt accounts

IDFC First bank flags Rs 590 crore fraud in Haryana govt accounts

Rediff.com22 Feb 2026

IDFC First Bank reported a Rs 590 crore fraud involving its employees and others in accounts held by the Haryana government. The bank has informed regulators and filed a police complaint, initiating internal reviews and forensic audits.

Three Children Drown In Dwarka Golf Course Pond

Three Children Drown In Dwarka Golf Course Pond

Rediff.com30 Apr 2026

Three children, aged between eight and 10 years, drowned in a pond at a golf course in Dwarka's Sector 24 area on Thursday morning. Police are investigating the circumstances surrounding the incident and working to identify the children and their families.

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.

Mangaluru Man Duped Of Rs 2.07 Crore In 'Digital Arrest' Scam

Mangaluru Man Duped Of Rs 2.07 Crore In 'Digital Arrest' Scam

Rediff.com26 Apr 2026

A 61-year-old man from Mangaluru was allegedly cheated of Rs 2.07 crore by cyber fraudsters posing as officials of central investigative agencies in a 'digital arrest' scam, police said.

Sujit Bose Arrested In West Bengal Recruitment Scam

Sujit Bose Arrested In West Bengal Recruitment Scam

Rediff.com11 May 2026

Former West Bengal minister Sujit Bose has been arrested by the Enforcement Directorate in connection with a money laundering case linked to an alleged municipality recruitment scam.

RBI To Enhance Security For Prepaid Payment Instruments

RBI To Enhance Security For Prepaid Payment Instruments

Rediff.com22 Apr 2026

The Reserve Bank of India (RBI) has proposed several measures to develop a more conducive framework for the long-term growth of Prepaid Payment Instruments (PPIs), including enhanced transaction security and clearer rules on refunds and grievance redressal.

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.

Rs 85 Lakh Seized, Six Detained At Indo-Nepal Border

Rs 85 Lakh Seized, Six Detained At Indo-Nepal Border

Rediff.com23 Apr 2026

A joint team of police and SSB seized over Rs 85 lakh in Indian and Nepalese currency and detained six persons along the Indo-Nepal border in Bahraich district.

India Post To Modernise Logistics Infrastructure

India Post To Modernise Logistics Infrastructure

Rediff.com7 May 2026

The government is planning a postal logistics infrastructure upgrade for India Post to modernise parcel facilities, aligning them with those in developed nations, according to Communications Minister Jyotiraditya Scindia.

Indian Engineer Investigated for Corruption After Discovery of 14 Crore in Assets

Indian Engineer Investigated for Corruption After Discovery of 14 Crore in Assets

Rediff.com11 Apr 2026

An Assistant Executive Engineer in Belagavi, India, is under investigation after the Lokayukta discovered disproportionate assets worth over 14 crore, including gold, silver, bank deposits, and properties.

Indian Engineer Investigated for Alleged Corruption After Discovery of Disproportionate Assets

Indian Engineer Investigated for Alleged Corruption After Discovery of Disproportionate Assets

Rediff.com11 Apr 2026

An Assistant Executive Engineer in Belagavi, India, is under investigation after authorities discovered disproportionate assets worth over Rs 14 crore, including gold, silver, bank deposits, and properties.

Why Are Educated People Falling For Digital Arrest Scams?

Why Are Educated People Falling For Digital Arrest Scams?

Rediff.com20 Apr 2026

Chief Justice of India expresses concern over the increasing number of digital arrest scams, highlighting a recent case where an elderly woman was defrauded of her retirement benefits.

Govt receives financial bids for IDBI Bank stake sale, says Dipam

Govt receives financial bids for IDBI Bank stake sale, says Dipam

Rediff.com7 Feb 2026

The government on Friday received financial bids for the strategic disinvestment of IDBI Bank, the Department of Investment and Public Asset Management (Dipam) said in an official statement on X.

Odisha Vigilance Uncovers Assets Linked to Irrigation Engineer

Odisha Vigilance Uncovers Assets Linked to Irrigation Engineer

Rediff.com8 Apr 2026

The Odisha Vigilance Department has uncovered significant assets, including a farmhouse, a palatial building, plots, and bank deposits, during raids on an irrigation department engineer.

Jharkhand Officials Arrested in Multi-Million Embezzlement Scheme

Jharkhand Officials Arrested in Multi-Million Embezzlement Scheme

Rediff.com9 Apr 2026

Three treasury employees in Hazaribag, Jharkhand, have been arrested for allegedly embezzling Rs 15.41 crore from government bank accounts over eight years, prompting criticism from the opposition BJP.

Delhi Police Crackdown: Assets of Notorious Criminal Frozen

Delhi Police Crackdown: Assets of Notorious Criminal Frozen

Rediff.com15 Apr 2026

Delhi Police have frozen assets worth approximately Rs 5 crore belonging to a notorious criminal involved in organised crime, including illegal gambling, in northwest Delhi.

Avoid These Life Insurance Mistakes

Avoid These Life Insurance Mistakes

Rediff.com8 May 2026

Proposal forms are often filled by the agent. Check the form after it is filled.

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Rediff.com10 Apr 2026

The Hazaribag Superintendent of Police (SP) Office treasury scam has widened, with more arrests made and the embezzlement amount increasing to Rs 28 crore. The investigation is ongoing, with teams sent to Bihar to trace the money trail and assets acquired through the scam.

J&K Governor Accuses Pakistan Of Pushing Drugs

J&K Governor Accuses Pakistan Of Pushing Drugs

Rediff.com3 May 2026

Jammu and Kashmir Lieutenant Governor Manoj Sinha has accused Pakistan of targeting the region's youth by flooding the streets with drugs, vowing to combat the menace and protect the younger generation.