'We found certain banks having lakhs of such accounts with apparently no valid reason.'
The senior IPS officer said that 45 percent of cyber financial frauds taking place in the country are originating from the South East Asia.
This move is seen as part of efforts to strengthen China's ties with Pakistan and safeguard Chinese investments in Pakistan-occupied Kashmir, particularly related to the China-Pakistan Economic Corridor.
The bad assets or gross NPAs of commercial banks fell to a 12-year low of 2.8 per cent in March 2024 and may go down further to 2.5 per cent by the end of the current fiscal, said the RBI's Financial Stability Report (FSR) released on Thursday. Scheduled Commercial Banks' (SCBs) gross non-performing assets (GNPA) ratio fell to 2.8 per cent, and the net non-performing assets (NNPA) ratio to 0.6 per cent at the end of March 2024. "The asset quality of SCBs recorded sustained improvement, and their GNPA ratio moderated to a 12-year low in March 2024. Their NNPA ratio too improved to a record low," said the June FSR.
As many as 190 people have died and over 200 injured in the massive landslides that hit Wayanad district two days ago, with the numbers expected to increase even more as rescuers unearth debris, the district administration said on Thursday.
Determined not to be arm-twisted into delaying the execution, he decided to hold a late night hearing at his residence. In the pitch blackness of the night, the original verdict was upheld. The next morning, on 9 October 1992, General Vaidya's assassins were hanged until death.
According to the original timeline, the ships were to be delivered by 2022, they said, attributing the delays in the delivery to Russia's war in Ukraine.
The Metropolitan police said the girl was inside a restaurant in the Kingsland High Street area of Hackney having dinner with her family when the shooting occurred on Wednesday night.
One can expect Pushpa 2 to be an even bigger spectacle than the first, predicts Mayur Sanap.
The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.
The plea challenges the alleged award of grace marks on account of loss of time apparently due to several reasons. The petition is yet to be listed for hearing.
'The lack of a majority isn't the issue. He has enough in 240, especially as none of his allies can pull down his coalition.' 'That's why he's started as if this were just another, normal term. That pretence is vital for him.' 'The change for Modi 3.0 comes not from numbers, but from the new environment of contestation,' points out Shekhar Gupta.
Bangladesh is in turmoil, which is not good news for India, which shares a porous 4000 km border with it. There is a danger of fundamentalism growing there, and India has to move in to reset its ties with the new dispensation before China and Pakistan make capital out of it, alerts Ramesh Menon.
People turn a corner and overhear secrets, men change stripes so as to acquire shades of villainy most convenient to advancing the plot, secondary characters confess to past sins just so that the leading women are absolved of all responsibility, notes Sreehari Nair.
Congress leader Mani Shankar Aiyar's remarks on Pakistan sparked a political row on Friday, with his party quick to dissociate itself from the comments while the ruling Bharatiya Janata Party latched on to them, accusing the Congress of being an apologist for Pakistan and the terrorism emanating from its soil.
"Indians will decide the fate of India, not the foreigners," Verma told the Montreal Council on Foreign Relations, a prominent think-tank.
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
A routine phone call from his mother saved a 24-year-old software engineer from the low intensity blast at the Rameshwaram Cafe in Bengaluru on Friday afternoon where he had gone to have lunch.
'Modi 3.0 will have more balanced policies like one saw in Modi's first term.'
"International law doesn't recognise India's unilateral and illegal actions of 5 August 2019. The judicial endorsement by the Indian Supreme Court has no legal value. Kashmiris have an inalienable right to self determination in accordance with the relevant UN SC resolutions," Pakistan's caretaker Foreign Minister Jalil Abbas Jilani said in a post on X.
If the Congress is contesting fewer seats than ever before, the BJP is set to contest its highest-ever number of Lok Sabha seats.
The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
'I was laughing and crying at the same time. Right now, just extremely happy that she will be out and amongst us soon.'
Lavrov also noted that the G20 Summit in New Delhi provided a direction towards fairness in global governance and global finance as well.
Had it not been for the slow but sure emergence of China as a threat to the western order, would India have been accepted as a near-equal partner by individual western nations, jointly and severally, questions N Sathiya Moorthy.
The minority judgment of the 1998 verdict has highlighted the prima facie absurdity in the paradox created by the majority judgment, it said.
Images from the IPL 2024 match between Royal Challengers Bengaluru and Kolkata Knight Riders at the M Chinnaswamy Stadium on Friday.
India's real GDP growth will decline marginally to 6.3 per cent in 2024 from the 6.4 per cent estimated for 2023, an American brokerage firm said on Monday. The next calendar year will be of two halves, wherein the government spending before the upcoming General Elections will be the key driver for growth, while after the elections, it will be the re-acceleration in investment growth, especially from the private sector, Goldman Sachs said in a report. From a fiscal year perspective, the brokerage said it expects growth to accelerate to 6.5 per cent for FY25 from the 6.2 per cent it has projected for the ongoing FY24, it added.
The court's observation came while granting bail to a person accused of running call centres in the country and defrauding United States citizens to the tune of about $20 million.
Rashtriya Janata Dal leader Tejashwi Yadav on Friday claimed that Bihar Chief Minister Nitish Kumar had 'begged for forgiveness for past betrayals' before his parents, party supremo Lalu Prasad and ex-CM Rabri Devi, before they allied with the Janata Dal-United president in 2022.
The Union home ministry has cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) for alleged violation of laws, a move the public think-tank termed "incomprehensible and disproportionate" and vowed to seek legal recourse against.
The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.
At least 3,787 people were killed and more than five lakh were affected physically after a toxic gas leaked from the pesticide factory on the intervening night of December 2 and 3, 1984.
Most market analysts are expecting the momentum to shift towards 'quality' and 'growth' stocks in 2024 after the outperformance of 'value' stocks over the past three years. 'Value' stocks are generally well-established companies with steady profits that are trading at a discount to what they are intrinsically worth. Companies in sectors such as commodities, industrials, commercial vehicles and public sector units (PSUs) fall in this bracket.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
The 54-page document tabled in Parliament detailed how the Modi-government pull the economy from being counted among the most fragile-five in the world to being the fasted growing and the most attractive investment destination.
A major fire broke out on the sets of TV serial Gum Hai Kisikey Pyaar Meiin in Film City, Mumbai, on Friday afternoon, an official of the Brihanmumbai Municipal Corporation said.
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
