News for 'Central Bank'

Kremlin Didn't Know About Modi Gesture

Kremlin Didn't Know About Modi Gesture

Rediff.com5 Dec 2025

The Russians have termed Putin's visit to India, his first to this country since the outbreak of the Russia-Ukraine war, as 'Druzhba Dosti', which means 'friendship' in Russian and Hindi respectively.

Amit Shah calls for unified ATS structure for police across India

Amit Shah calls for unified ATS structure for police across India

Rediff.com27 Dec 2025

Union Home Minister Amit Shah emphasizes the need for a unified anti-terrorism structure and a strong anti-terrorism grid across India to effectively counter terror attacks. He also announced a new plan to combat organized crime.

Baghel's son got Rs 250 cr in liquor 'scam': Chargesheet

Baghel's son got Rs 250 cr in liquor 'scam': Chargesheet

Rediff.com22 Dec 2025

The Anti-Corruption Bureau/Economic Offence Wing (ACB/EOW) has claimed in its chargesheet that Chaitanya, son of former Chhattisgarh Chief Minister Bhupesh Baghel, received Rs 200 crore to Rs 250 crore as his share from an alleged liquor scam in the state.

Rs 2000 notes worth Rs 5,956 cr still in circulation: RBI

Rs 2000 notes worth Rs 5,956 cr still in circulation: RBI

Rediff.com1 Sep 2025

The high-value Rs 2000 notes worth Rs 5,956 crore are still in circulation, more than two years after the Reserve Bank's withdrawal of the currency notes, according to official data released on Monday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023.

'Rising loan appeal hits corporate bond market's momentum'

'Rising loan appeal hits corporate bond market's momentum'

Rediff.com30 Oct 2025

India's corporate bond market, driven by public sector undertaking (PSU) banks and financial institutions last year, is losing momentum since the second quarter of FY26.

Assam Intensifies Eviction Drives

Assam Intensifies Eviction Drives

Rediff.com7 Jan 2026

'Losing a house is a terrible feeling... We were not given enough time to shift our belongings.'

Gold Could Soar Another 76%

Gold Could Soar Another 76%

Rediff.com24 Sep 2025

'A price of $6,600/oz is now a reasonable target for gold.'

How Gadchiroli Broke The Maoist Backbone

How Gadchiroli Broke The Maoist Backbone

Rediff.com12 Jan 2026

'The watershed moment was June 22, 2024, when the divisional in-charge of Gadchiroli, Giridhar Tumreti, who was their senior-most commander, along with his wife, came forward to surrender before the then deputy chief minister and home minister Devendra Fadnavis.'

Question of change or continuity hovers over India's central bank

Question of change or continuity hovers over India's central bank

Rediff.com22 Jul 2013

Identity of next central bank chief remains a matter of speculation.

Won't rest until he's hanged: Unnao rape survivor

Won't rest until he's hanged: Unnao rape survivor

Rediff.com29 Dec 2025

The Unnao rape case survivor expressed satisfaction after the Supreme Court stayed the Delhi High Court order suspending Kuldeep Sengar's life sentence. She voiced her faith in the justice system.

Telangana: 80-year-old doctor, family rescued from 3-day digital arrest

Telangana: 80-year-old doctor, family rescued from 3-day digital arrest

Rediff.com24 Nov 2025

The Telangana Cyber Security Bureau (TGCSB) foiled a digital arrest extortion attempt, rescuing an 80-year-old doctor and his family from cyber fraudsters posing as CBI officials.

SC asks CBI to probe digital arrest scams nationwide

SC asks CBI to probe digital arrest scams nationwide

Rediff.com1 Dec 2025

The Supreme Court has directed the CBI to conduct a pan-India investigation into digital arrest scams and questioned the RBI about its lack of AI usage in detecting and freezing accounts used by cybercriminals.

'Strong Reforms, Not Panic, Will Help Ride Out Rupee's Weakness'

'Strong Reforms, Not Panic, Will Help Ride Out Rupee's Weakness'

Rediff.com5 Dec 2025

'In the long run, India's strong growth story and reforms to make assets globally attractive will determine the rupee's resilience.'

ICICI Bank cuts savings deposit rate by 0.25%

ICICI Bank cuts savings deposit rate by 0.25%

Rediff.com16 Apr 2025

ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases.

CBI books Anil Ambani's RCOM for Rs 2,000-cr bank fraud

CBI books Anil Ambani's RCOM for Rs 2,000-cr bank fraud

Rediff.com23 Aug 2025

The Central Bureau of Investigation has filed a case against Reliance Communications and its promoter-director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday. The agency is carrying out searches at the residence of Anil Ambani and premises linked to RCOM in connection with the case, they said.

Why Are All Eyes on Nifty Bank?

Why Are All Eyes on Nifty Bank?

Rediff.com19 May 2025

With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.

Why Are All Eyes on Nifty Bank?

Why Are All Eyes on Nifty Bank?

Rediff.com19 May 2025

With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.

Why Are All Eyes on Nifty Bank?

Why Are All Eyes on Nifty Bank?

Rediff.com19 May 2025

With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.

Gold plunges Rs 4,100 to Rs 121,800/10g

Gold plunges Rs 4,100 to Rs 121,800/10g

Rediff.com28 Oct 2025

Gold prices dropped by Rs 4,100 to Rs 121,800 per 10 grams in the national capital and slipped below $4,000 an ounce in the global markets on Tuesday as easing US-China trade tensions dampened safe-haven appeal. According to the All India Sarafa Association, the precious metal had closed at Rs 125,900 per 10 grams on Monday.

Bulls prowl D-Street: Sensex jumps 716 points

Bulls prowl D-Street: Sensex jumps 716 points

Rediff.com1 Oct 2025

From the Sensex firms, Tata Motors jumped the most by 5.54 per cent, followed by Kotak Mahindra Bank, Trent, Sun Pharma, Axis Bank, and ICICI Bank. However, Bajaj Finance, State Bank of India, UltraTech Cement and Tata Steel were among the laggards.

Why central banks target x% inflation and not 0%

Why central banks target x% inflation and not 0%

Rediff.com21 Apr 2010

The first reason is that prices are bound to rise because there will always be several demand-supply mismatches in the economy.

PM Internship Scheme Sees Lower Take-Up

PM Internship Scheme Sees Lower Take-Up

Rediff.com16 Dec 2025

While 28,141 applicants accepted internship in round one, in the second phase this was down to 24,638.

US visa curbs, AI surge will shape Indian IT in 2026

US visa curbs, AI surge will shape Indian IT in 2026

Rediff.com23 Dec 2025

India's $280-billion IT industry heads into 2026, balancing visa-related headwinds and global trade uncertainty against its biggest-ever push into artificial intelligence and the rapid expansion of global capability centres (GCCs). Heightened scrutiny of the US H-1B visa programme - including a proposed $100,000 fee for new visas and concerns over a potential 25 per cent outsourcing tax - has complicated cross-border delivery for Indian firms, even as companies accelerate efforts to reduce reliance on onsite staffing.

The Man The LTTE Couldn't Kill

The Man The LTTE Couldn't Kill

Rediff.com5 Jan 2026

The Tigers refused to forgive Douglas Devananda and tried to assassinate him repeatedly. He later said: "(LTTE chief Velupillai) Prabhakaran cannot kill me." Destiny proved him right.

Sebi takes measures to deepen investors' participation in capital market

Sebi takes measures to deepen investors' participation in capital market

Rediff.com17 Dec 2025

Markets regulator Sebi board on Wednesday approved a series of measures aimed at improving investor convenience, easing compliance norms, and deepening participation in the capital and debt markets.

Anil Ambani appears before ED in bank loan 'fraud' case

Anil Ambani appears before ED in bank loan 'fraud' case

Rediff.com5 Aug 2025

Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.

Top realtors bet on plotted development

Top realtors bet on plotted development

Rediff.com22 Dec 2025

India's leading real estate developers are accelerating their push into plotted development, a segment once dominated by unorganised players but now reshaped by branded offerings, faster cash flows and evolving buyer preferences. This strategic shift is visible across markets such as Bengaluru, Chennai, Hyderabad, Gurugram, peripheries of the Mumbai Metropolitan Region (MMR) and even Tier-II cities.

Will 1600 Number Stop Scam Calls?

Will 1600 Number Stop Scam Calls?

Rediff.com20 Nov 2025

Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital arrest scams.

Mehul Choksi's appeal against India's extradition request rejected by Belgian SC

Mehul Choksi's appeal against India's extradition request rejected by Belgian SC

Rediff.com10 Dec 2025

Belgium's supreme court -- the Court of Cassation -- on Tuesday rejected the appeal of fugitive diamond trader Mehul Choksi challenging the extradition request of India in connection with the Rs 13000-crore alleged bank fraud in Punjab National Bank, authorities in that country said.

How Dalal Street may gain from European Central Bank stimulus

How Dalal Street may gain from European Central Bank stimulus

Rediff.com23 Jan 2015

With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.

Tezpur varsity protesters vow shutdown until VC is removed

Tezpur varsity protesters vow shutdown until VC is removed

Rediff.com7 Dec 2025

Agitators at Tezpur University on Sunday vowed to enforce a shutdown at the institution, which has been witnessing sustained protests since mid-September against alleged irregularities by Vice Chancellor Shambhu Nath Singh, till a formal communication from the Centre regarding the VC's removal is received.

SC seeks replies from Centre, CBI, ED, Anil Ambani on PIL

SC seeks replies from Centre, CBI, ED, Anil Ambani on PIL

Rediff.com18 Nov 2025

In a significant development, the Supreme Court on Tuesday sought responses from the Centre, CBI, ED, Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving the ADAG and its group companies.

Antwerp court clears fugitive jeweller Mehul Choksi's extradition

Antwerp court clears fugitive jeweller Mehul Choksi's extradition

Rediff.com18 Oct 2025

A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said.

Gold surges Rs 5,080 to hit fresh peak of Rs 1.12 lakh/10 g in Delhi

Gold surges Rs 5,080 to hit fresh peak of Rs 1.12 lakh/10 g in Delhi

Rediff.com9 Sep 2025

Gold prices on Tuesday surged Rs 723 to touch an all-time high of Rs 110,312 per 10 grams in the domestic futures market, tracking strong global cues amid growing expectations of a US Federal Reserve interest rate cut next week. Traders said weak US labour market data has strengthened the case for monetary policy easing, putting pressure on the dollar and boosting demand for the safe-haven asset.

RBI Governor Shaktikanta Das is top central banker for 2nd straight year

RBI Governor Shaktikanta Das is top central banker for 2nd straight year

Rediff.com21 Aug 2024

Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally for the second consecutive year by US-based Global Finance magazine. "Happy to announce that for the 2nd consecutive year, RBI Governor @DasShaktikanta has been rated 'A+', in the Global Finance Central Banker Report Cards 2024," the RBI said in a post on X.

Apple won't preload Sanchar Saathi app on iPhones: Report

Apple won't preload Sanchar Saathi app on iPhones: Report

Rediff.com2 Dec 2025

Apple does not plan to comply with the mandate to preload mobile handsets with the 'Sanchar Saathi' app and will convey its concerns before the Indian government, Reuters reported on Tuesday, citing three unnamed sources.

'Future Generali always wanted to outgrow the industry'

'Future Generali always wanted to outgrow the industry'

Rediff.com12 Jul 2025

'This will be our first large-size bank partner, and hence, the partnership will be a game-changer for us.'

Moody's may downgrade IndusInd Bank's Baseline Credit Assessment

Moody's may downgrade IndusInd Bank's Baseline Credit Assessment

Rediff.com18 Mar 2025

IndusInd Bank on Tuesday said global rating agency Moody's has placed the bank's baseline credit assessment (BCA) under review for a possible downgrade. The rating review comes days after IndusInd Bank disclosed a Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth.

India not pushing for an alternative to US dollar

India not pushing for an alternative to US dollar

Rediff.com10 Sep 2025

Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. "No, certainly not. I think India is not part of any such initiative," he said in response to a question if India is looking at an alternative currency to the US dollar for global trade.

UPI Goes Global, Fintech Hits A Wall

UPI Goes Global, Fintech Hits A Wall

Rediff.com1 Nov 2025

'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'