News for 'Payments Bank'

Sebi Reintroduces Open-Market Buybacks, Eases Debt Listing Norms

Sebi Reintroduces Open-Market Buybacks, Eases Debt Listing Norms

Rediff.com21 Jun 2026

India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.

Malicious actors staged DOS attacks on re-evaluation portal: CBSE

Malicious actors staged DOS attacks on re-evaluation portal: CBSE

Rediff.com2 Jun 2026

The CBSE reported that its re-evaluation portal faced a series of cyberattacks, including a denial-of-service attack, while students accessed the platform for verification and re-evaluation of answer books.

Why rupee is among the most vulnerable Asian currencies

Why rupee is among the most vulnerable Asian currencies

Rediff.com23 May 2026

The Indian rupee is highly vulnerable among Asian currencies, with Barclays and MUFG warning of a potential depreciation towards 100/$ if the West Asia conflict persists, driven by widening current account deficits and elevated crude oil prices.

ED Attaches Assets In Global Media App Fraud Case

ED Attaches Assets In Global Media App Fraud Case

Rediff.com9 May 2026

The Enforcement Directorate (ED) has attached properties worth Rs 1.06 crore in connection with the 'Global Media App' fraud, an online earning platform that allegedly generated over Rs 45 crore through illicit means.

UPI transactions dip 1.7% by value in April after record March

UPI transactions dip 1.7% by value in April after record March

Rediff.com2 May 2026

Unified Payments Interface (UPI) transaction value and volume saw a slight month-on-month dip in April after record highs in March, but daily transaction volumes increased, indicating sustained growth in digital payments across India.

Why FPIs pulled out Rs 43,000 cr in first week of June

Why FPIs pulled out Rs 43,000 cr in first week of June

Rediff.com7 Jun 2026

Foreign Portfolio Investors (FPIs) have withdrawn nearly Rs 43,000 crore from Indian equities in the first week of June, contributing to a total outflow of Rs 2.67 lakh crore in 2026, driven by a global shift towards technology and AI-linked opportunities and persistent rupee depreciation.

How Gujarat Police Cracked Down On Cyber Fraud

How Gujarat Police Cracked Down On Cyber Fraud

Rediff.com1 Jun 2026

Gujarat police have uncovered cyber frauds worth Rs 2,289 crore and arrested 638 individuals as part of 'Operation Mule Account 1.0', a state-wide crackdown on online criminals launched in 2025.

'Op Tiger' successful, declares Fadnavis; breaking news soon, says Shinde

'Op Tiger' successful, declares Fadnavis; breaking news soon, says Shinde

Rediff.com21 Jun 2026

Amid the buzz over a split in the ranks of Lok Sabha MPs of Shiv Sena-Uddhav Balasaheb Thackeray through "Operation Tiger", Maharashtra Chief Minister Devendra Fadnavis on Sunday said the "operation" has been successful. His deputy and Shiv Sena president Eknath Shinde said he never leaves an operation incomplete.

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.

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

Rediff.com23 Jan 2026

As India's biggest Unified Payments Interface (UPI) app PhonePe prepares to list, the updated draft red herring prospectus (DRHP) shows the impact of regulations on the business, and concentration of payments-linked revenue even as UPI lacks MDR (merchant discount rate).

Ex-Official Accused Of Swiss Francs Scam Granted Bail: Here's Why

Ex-Official Accused Of Swiss Francs Scam Granted Bail: Here's Why

Rediff.com4 May 2026

A Delhi court granted bail to a former accounts officer accused of swindling more than 2 lakh Swiss francs from India's Permanent Mission in Geneva to fund his crypto-gambling ventures.

How ChatGPT Aided Fake IPL Ticket Scam In Lucknow

How ChatGPT Aided Fake IPL Ticket Scam In Lucknow

Rediff.com8 May 2026

Police in Lucknow have arrested four people for allegedly using ChatGPT and graphic design software to create and sell fake IPL tickets outside the Ekana Stadium.

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Digital Commerce: Why Indians Lose Rs 28,000 Crore

Rediff.com10 Jun 2026

Dark patterns are no longer just a consumer protection concern, but a broader macroeconomic challenge affecting the long-term sustainability of India's digital commerce ecosystem.

Ex-WAPCOS Chief Faces Corruption Charges: CBI Investigates

Ex-WAPCOS Chief Faces Corruption Charges: CBI Investigates

Rediff.com4 May 2026

The CBI has registered a corruption case against Rajni Kant Agrawal, the former chairman-cum-managing director of Water and Power Consultancy Services (WAPCOS), following a complaint from the Ministry of Jal Shakti.

EC bars Maha govt from releasing early payment under 'Ladki Bahin'

EC bars Maha govt from releasing early payment under 'Ladki Bahin'

Rediff.com13 Jan 2026

The State Election Commission (SEC) has barred the Maharashtra government from releasing the January instalment of the 'Ladki Bahin' scheme in advance, citing the enforcement of the model code of conduct for municipal elections. The decision follows complaints about the timing of the release, coinciding with upcoming municipal elections.

Chess Grandmaster Abhijeet Gupta Gets Assurance On Prize-Money

Chess Grandmaster Abhijeet Gupta Gets Assurance On Prize-Money

Rediff.com9 May 2026

Grandmaster Abhijeet Gupta, frustrated by delays in receiving prize money for winning the Odisha Open, has been assured by the All India Chess Federation that the issue will be resolved and his dues cleared.

BharatPe Bets Big On Online Payments

BharatPe Bets Big On Online Payments

Rediff.com3 Sep 2025

'Our focus would be to onboard top 100 merchants in top 10 different segments.'

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.

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.

Congress MLA Rajendra Bharti Convicted in Cheating Case

Congress MLA Rajendra Bharti Convicted in Cheating Case

Rediff.com1 Apr 2026

A Delhi court has convicted Congress MLA Rajendra Bharti and a former bank employee in a case involving cheating and forgery of bank records to illegally obtain interest payments.

Labour Codes Enter Implementation Phase

Labour Codes Enter Implementation Phase

Rediff.com19 May 2026

A section of industry may need to begin compliance immediately, even as most states are yet to notify their rules.

UPI Transactions Surge to Record Levels in March

UPI Transactions Surge to Record Levels in March

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, with 22.64 billion transactions, marking a significant increase from the previous year and highlighting the growing adoption of digital payments.

'India Has Enough Oil And Gas Beneath The Soil'

'India Has Enough Oil And Gas Beneath The Soil'

Rediff.com13 Jun 2026

'Exploration should be made easier and companies should be given operational flexibility.'

UPI Transactions Surge to Record High: Understanding the Growth Factors

UPI Transactions Surge to Record High: Understanding the Growth Factors

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, driven by increased adoption and global expansion. The system now accounts for 85% of digital transactions in India and is live in eight countries.

Small ticket transactions drag avg retail payments value by 48% in 3 years

Small ticket transactions drag avg retail payments value by 48% in 3 years

Rediff.com27 Dec 2024

The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.

Delhi resident loses over 20,000 in electricity bill scam; two arrested

Delhi resident loses over 20,000 in electricity bill scam; two arrested

Rediff.com6 Apr 2026

Two cyber fraudsters have been arrested for allegedly defrauding a resident of East Delhi of over 20,000 by posing as electricity officials.

Ex-Official Accused Of Swiss Francs Scam Granted Bail

Ex-Official Accused Of Swiss Francs Scam Granted Bail

Rediff.com4 May 2026

A Delhi court granted bail to a former accounts officer accused of swindling more than 2 lakh Swiss francs from India's Permanent Mission in Geneva to fund his crypto-gambling ventures.

VB-G RAM G Act from July 1, MGNREGA to be repealed

VB-G RAM G Act from July 1, MGNREGA to be repealed

Rediff.com11 May 2026

The Centre has announced that the Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act will come into force across the country from July 1, replacing the Mahatma Gandhi National Rural Employment Guarantee Act.

Fraudulent Call Centre Busted in Delhi: 11 Arrested in Weight-Loss Product Scam

Fraudulent Call Centre Busted in Delhi: 11 Arrested in Weight-Loss Product Scam

Rediff.com10 Apr 2026

Delhi Police have arrested 11 individuals, including two alleged masterminds, after uncovering a fraudulent call centre in Govindpuri, South Delhi. The operation, known as Herbitecture Healthcare, reportedly deceived people nationwide by promoting weight-loss products on social media and enticing customers into making repeated payments.

Exporters' body flags rising freight costs, seeks liquidity help from RBI

Exporters' body flags rising freight costs, seeks liquidity help from RBI

Rediff.com18 Apr 2026

The Federation of Indian Export Organisations (FIEO) has appealed to the Reserve Bank of India (RBI) for liquidity support to Indian exporters, citing a significant increase in freight costs and extended payment cycles due to the ongoing West Asia conflict.

Interstate Cyber Fraud Racket Busted; Two Arrested In Goa

Interstate Cyber Fraud Racket Busted; Two Arrested In Goa

Rediff.com22 May 2026

Delhi Police have arrested two men from Goa, claiming to have busted an interstate cyber-fraud-and-cash-conversion racket. Transactions worth nearly Rs 40 lakh routed through the network have been uncovered.

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.

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.

Want A Credit Card? Read This

Want A Credit Card? Read This

Rediff.com6 May 2026

'First-time applicants may witness longer approval times or higher rejection rates and requests for more documentation.'

Abhijeet Gupta Seeks Intervention Over Unpaid Prize Money

Abhijeet Gupta Seeks Intervention Over Unpaid Prize Money

Rediff.com9 May 2026

Grandmaster Abhijeet Gupta is struggling to receive his prize money from the Odisha Open, prompting him to seek intervention from the Sports Ministry after repeated assurances from organisers yielded no payment.

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.

UPI Transactions Soar to Record Highs in March

UPI Transactions Soar to Record Highs in March

Rediff.com1 Apr 2026

Unified Payments Interface (UPI) transactions reached a record high in March, driven by festivities and the financial year closure, according to the National Payments Corporation of India (NPCI).

How Mumbai Police Halted 101 Crore In Cyber Frauds

How Mumbai Police Halted 101 Crore In Cyber Frauds

Rediff.com20 May 2026

Mumbai Police's 1930 cyber helpline has successfully intercepted and frozen over 101 crore defrauded from citizens in the last five months, preventing significant financial losses.

Government To Expand Digital Food Subsidy Programme

Government To Expand Digital Food Subsidy Programme

Rediff.com3 May 2026

The government plans to expand its central bank digital currency (CBDC)-based food subsidy programme to Chandigarh, Dadra and Nagar Haveli, and Daman and Diu by June, following its implementation on a pilot basis in Gujarat and Puducherry, official sources said.

Motorola's New Moto G37 Is Here!

Motorola's New Moto G37 Is Here!

Rediff.com22 May 2026

Motorola's latest Moto G37 duo arrives equipped with the capable MediaTek Dimensity 6400 processor and boots the fresh Android 16 platform straight out of the box.