News for 'New Bank'

Why India-China Border Dispute Remains Unresolved

Why India-China Border Dispute Remains Unresolved

Rediff.com8 Jun 2026

While tensions have eased at several friction points and mechanisms for managing the boundary have been reactivated, underlying differences persist. Disputes over naming practices in Arunachal Pradesh, continued infrastructure development on both sides, and unresolved questions regarding patrolling rights indicate that the structural gap remains, notes Dr Kumar.

Rs 800 Crore Chitfund Scam: Masterminds Arrested In Mumbai

Rs 800 Crore Chitfund Scam: Masterminds Arrested In Mumbai

Rediff.com2 Jun 2026

The CBI has arrested two alleged masterminds from Mumbai in connection with the Rs 800 crore LUCC chitfund scam in Uttarakhand, where over one lakh investors were reportedly defrauded.

Another Arrest In Assam Fisheries Corporation Scam

Another Arrest In Assam Fisheries Corporation Scam

Rediff.com31 May 2026

Another accused in the alleged financial irregularities in Assam Fisheries Development Corporation Ltd has been apprehended in Odisha, marking the ninth arrest in the case.

'An Idle Siddaramaiah Is Dangerous'

'An Idle Siddaramaiah Is Dangerous'

Rediff.com5 Jun 2026

'It all depends on how Shivakumar uses him and treats him.'

Fino Payments Bank MD Arrested for GST Violation

Fino Payments Bank MD Arrested for GST Violation

Rediff.com27 Feb 2026

Fino Payments Bank's MD and CEO, Rishi Gupta, has been arrested for violating Goods and Services Tax laws, prompting the appointment of Ketan Merchant as the interim head.

RBI interest rate decision, US-Iran situation to be key market drivers this week

RBI interest rate decision, US-Iran situation to be key market drivers this week

Rediff.com1 Jun 2026

The Indian equity market is set for an event-heavy week, with analysts pointing to the Reserve Bank of India's (RBI) interest rate decision, developments in the US-Iran situation, and crude oil prices as the primary determinants of market trends.

Multi-Crore Deposit Scam Unravels In Karnataka

Multi-Crore Deposit Scam Unravels In Karnataka

Rediff.com17 May 2026

Police in Belagavi, Karnataka, have arrested the operator of Shivam Associates, accused of running a multi-crore Ponzi scheme that promised high returns to depositors. The case has been registered under the BUDS Act and KPID Act, and will be transferred to the CID for further investigation.

Enforcement Directorate Freezes Accounts in IDFC Bank-Linked Money Laundering Probe

Enforcement Directorate Freezes Accounts in IDFC Bank-Linked Money Laundering Probe

Rediff.com13 Mar 2026

The Enforcement Directorate has frozen 90 bank accounts following searches related to the alleged siphoning of Rs 590 crore of Haryana government funds through IDFC First Bank, involving shell companies and bogus billing for gold purchases.

Mathura Cop Transferred After Misbehaving With Minor, Youth

Mathura Cop Transferred After Misbehaving With Minor, Youth

Rediff.com21 May 2026

A sub-inspector in Mathura has been transferred and an inquiry ordered after videos surfaced showing him allegedly misbehaving with a minor boy and a youth. The incident sparked public outcry and prompted a departmental investigation.

Inter-State Cyber Crime Racket Busted; Five Arrested

Inter-State Cyber Crime Racket Busted; Five Arrested

Rediff.com13 May 2026

Sonbhadra police have arrested five individuals from Rajasthan for operating an inter-state cyber crime racket involving blackmail, extortion, and impersonation, which allegedly led to a man's suicide.

CBI Searches Reliance Communications Premises Over Fraud Allegations

CBI Searches Reliance Communications Premises Over Fraud Allegations

Rediff.com14 May 2026

The Central Bureau of Investigation (CBI) conducted searches at seven premises linked to Reliance Communications Ltd, an Anil Dhirubhai Ambani Group company, in connection with a fraud case involving thousands of crores of rupees.

Delhi Police Busts GST Fraud Cartel, Arrests Six

Delhi Police Busts GST Fraud Cartel, Arrests Six

Rediff.com16 May 2026

The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.

Builder Duped Of 18 Lakh On Loan Promise In Thane

Builder Duped Of 18 Lakh On Loan Promise In Thane

Rediff.com22 May 2026

A builder and two others were allegedly duped of 18.19 lakh by two individuals in Thane, Maharashtra, who promised to secure business loans for them.

IDFC Bank Fraud Case: 11 Arrested in Haryana Government Funds Diversion Probe

IDFC Bank Fraud Case: 11 Arrested in Haryana Government Funds Diversion Probe

Rediff.com12 Mar 2026

Haryana State Vigilance and Anti-Corruption Bureau arrests 11 individuals, including bank employees and a government official, in connection with a fraud case involving IDFC First Bank and the illegal diversion of government funds.

Yes Bank Introduces Exclusive Salary Account for Working Women

Yes Bank Introduces Exclusive Salary Account for Working Women

Rediff.com5 Mar 2026

Yes Bank has launched a salary account designed for working women, offering financial protection, healthcare benefits, lifestyle privileges, and wealth-creation opportunities.

Sebi May Allow Salary In MFs

Sebi May Allow Salary In MFs

Rediff.com21 May 2026

Investments under the framework would remain voluntary for employees.

ACS Officer Arrested, Crores Seized In Graft Case

ACS Officer Arrested, Crores Seized In Graft Case

Rediff.com23 May 2026

An Assam Civil Service (ACS) officer has been arrested on graft charges, with over Rs 1.66 crore in cash and fixed deposits worth another Rs 86 lakh seized, along with investment documents.

Court Clears Ajit Pawar in Maharashtra Cooperative Bank Scam Case

Court Clears Ajit Pawar in Maharashtra Cooperative Bank Scam Case

Rediff.com16 Mar 2026

A local court in Mumbai has accepted the police's closure report in the alleged Rs 25,000 crore scam at the Maharashtra State Cooperative Bank (MSCB), giving a clean chit to the late deputy chief minister Ajit Pawar and other accused.

Chhattisgarh Liquor Scam: ED Attaches Assets Worth Over Rs 1,000 Crore

Chhattisgarh Liquor Scam: ED Attaches Assets Worth Over Rs 1,000 Crore

Rediff.com1 Jun 2026

The Enforcement Directorate has attached properties worth over Rs 1,000 crore as part of its investigation into the alleged Chhattisgarh liquor scam, filing a fresh complaint against four additional accused.

Smart Tips: How To Save LTCG, File ITR

Smart Tips: How To Save LTCG, File ITR

Rediff.com2 Jun 2026

rediffGURU T S Khurana answers readers' personal income tax queries

Self-Styled Godman And Aide In Nashik Remanded To Custody

Self-Styled Godman And Aide In Nashik Remanded To Custody

Rediff.com18 May 2026

A self-styled godman, Ashok Kharat, and his aide, Namkarn Avare, have been remanded to 14-day judicial custody in Nashik following accusations of rape and alleged financial irregularities.

TMC's existential crisis: Can Mamata Banerjee's party survive the internal rebellion?

TMC's existential crisis: Can Mamata Banerjee's party survive the internal rebellion?

Rediff.com5 Jun 2026

A month after losing power in West Bengal and facing a rebellion by 58 MLAs, the Trinamool Congress (TMC) confronts an unprecedented challenge to Mamata Banerjee's absolute authority, raising questions about the party's survival and future.

Jwala Gutta Donates 60 Litres Of Breast Milk

Jwala Gutta Donates 60 Litres Of Breast Milk

Rediff.com15 May 2026

Badminton player Jwala Gutta is raising awareness about the importance of breast milk donation, revealing she donated nearly 60 litres to hospitals in Hyderabad and Chennai.

Why Paytm Is Steering Clear Of An NBFC Licence

Why Paytm Is Steering Clear Of An NBFC Licence

Rediff.com7 May 2026

Paytm, operated by One97 Communications, is not actively seeking a non-banking financial company (NBFC) licence, preferring partnership models for lending operations, according to its Group CFO.

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Rediff.com14 May 2026

Police in Gautam Buddh Nagar claim an accused linked to violent labour protests in Noida received over Rs 1 crore from foreign countries in their personal bank account.

Randhir Singh, Veteran Sports Administrator, Cremated In Haridwar

Randhir Singh, Veteran Sports Administrator, Cremated In Haridwar

Rediff.com28 May 2026

Veteran sports administrator and India's first Asian Games shooting gold medallist Randhir Singh was cremated in Haridwar. Singh died at his New Delhi residence after battling age-related ailments. He was 79.

ED Gets Nod To Arrest Godman In Money Laundering Case

ED Gets Nod To Arrest Godman In Money Laundering Case

Rediff.com19 May 2026

A special court has granted the Enforcement Directorate (ED) permission to arrest self-styled godman Ashok Kharat in connection with a Rs 70 crore money laundering case. Kharat, already facing rape and fraud charges, was produced before the Special PMLA Court on a production warrant from Nashik jail.

How Delhi Police Busted Interstate Cyber Fraud Syndicates

How Delhi Police Busted Interstate Cyber Fraud Syndicates

Rediff.com20 May 2026

Delhi Police dismantled multiple interstate cyber fraud syndicates in a month-long operation, arresting 35 and bringing 89 offenders to justice. The syndicates were involved in various scams, including digital arrest, investment fraud, and fake dating schemes, with transactions worth nearly Rs 40 crore.

Fino Payments Bank Claims GST Compliance After CEO's Arrest

Fino Payments Bank Claims GST Compliance After CEO's Arrest

Rediff.com2 Mar 2026

Fino Payments Bank asserts its compliance with GST regulations following the arrest of its MD and CEO, Rishi Gupta, by the Directorate General of GST Intelligence (DGGI). The bank clarifies that the investigation pertains to program managers associated with multiple banks and not the bank's own GST compliance.

Two Arrested For Cyber Fraud In Delhi: How They Did It

Two Arrested For Cyber Fraud In Delhi: How They Did It

Rediff.com11 May 2026

Delhi Police have arrested two individuals from Jharkhand for allegedly defrauding a 65-year-old man of over Rs 10 lakh through a cyber fraud involving APK files.

Indians' overseas travel spending dips to $1.09 billion in March amidst rupee depreciation concerns

Indians' overseas travel spending dips to $1.09 billion in March amidst rupee depreciation concerns

Rediff.com24 May 2026

Overseas travel spending by Indians, including holiday trips, decreased by $212.43 million to $1.09 billion in March compared to February, according to the Reserve Bank of India's latest data.

CBI Raids Reliance ADA Group Offices In Mumbai

CBI Raids Reliance ADA Group Offices In Mumbai

Rediff.com9 May 2026

The CBI conducted searches at 17 premises in Mumbai related to Reliance ADA Group companies, including Reliance Telecom and Reliance Finance, concerning alleged diversion of bank funds and losses to banks and LIC.

US-Iran Negotiations, Crude Oil Prices to Dictate Indian Stock Market Trends

US-Iran Negotiations, Crude Oil Prices to Dictate Indian Stock Market Trends

Rediff.com24 May 2026

Indian stock markets are set to be influenced by developments in US-Iran negotiations, crude oil prices, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.

CBI Files Chargesheet Against AVJ Developers For Alleged Cheating

CBI Files Chargesheet Against AVJ Developers For Alleged Cheating

Rediff.com6 May 2026

The CBI has filed a chargesheet against AVJ Developers, bank officials, and others for allegedly cheating financial institutions and homebuyers in Greater Noida.

Sensex Rises Over 400 Points, Nifty Crosses 23,800 Amid Positive Market Sentiment

Sensex Rises Over 400 Points, Nifty Crosses 23,800 Amid Positive Market Sentiment

Rediff.com15 May 2026

Sensex gains over 400 points while Nifty trades above 23,800 amid strong IT sector buying.

Why Paytm Is Not Pursuing An NBFC Licence

Why Paytm Is Not Pursuing An NBFC Licence

Rediff.com7 May 2026

Fintech giant One97 Communications, which operates Paytm, has decided against applying for a Non-Banking Financial Company (NBFC) licence, favouring its existing partnership model.

Four Cybercriminals Arrested In Jamtara, Jharkhand

Four Cybercriminals Arrested In Jamtara, Jharkhand

Rediff.com19 May 2026

Jharkhand police arrested four cybercriminals, including two teenagers, in Jamtara district for online fraud, seizing mobile phones, SIM cards, and ATM cards.

'Shivakumar Is The Richest Politician In The Country'

'Shivakumar Is The Richest Politician In The Country'

Rediff.com5 Jun 2026

'In the (election) affidavit, he had declared Rs 1,400 crores as his assets. He has educational institutions, real estate, malls, etc.'

Inflation, weak rupee drag Indian markets lower; fuel price hike adds to concerns

Inflation, weak rupee drag Indian markets lower; fuel price hike adds to concerns

Rediff.com15 May 2026

Indian benchmark equity indices, Sensex and Nifty, closed lower due to investor caution over rising bond yields, a weaker rupee, and fresh fuel price hikes, which have revived inflation concerns.

Chhattisgarh Corporator Arrested In Murder And Body Disposal Case

Chhattisgarh Corporator Arrested In Murder And Body Disposal Case

Rediff.com29 May 2026

A corporator and three others have been arrested in Chhattisgarh's Mahasamund district for allegedly murdering a man and burying his body along a riverbank.