News for 'State Banks'

Cyber Fraud Syndicate Busted: Five Arrested for Supplying Mule Bank Accounts

Cyber Fraud Syndicate Busted: Five Arrested for Supplying Mule Bank Accounts

Rediff.com28 Mar 2026

Delhi Police have arrested five individuals for allegedly supplying mule bank accounts to cyber fraud syndicates with links to Dubai. The arrests follow a complaint regarding a stock market investment scam where the victim was duped of over Rs 12 lakh.

Sensex, Nifty close flat; metal, oil & gas shares major drag

Sensex, Nifty close flat; metal, oil & gas shares major drag

Rediff.com10 Jun 2026

Indian benchmark indices Sensex and Nifty closed flat, paring early gains due to renewed hostilities between the US and Iran, which unsettled investor sentiment and led to profit booking in metal, oil & gas, and telecom shares.

SC refuses to change religious practices at Banke Bihari temple in UP

SC refuses to change religious practices at Banke Bihari temple in UP

Rediff.com13 Apr 2026

The Supreme Court has stated it will not make structural changes to religious practices at the Bankey Bihari temple in Vrindavan, hearing a petition challenging administrative decisions affecting traditions.

Sensex drops over 300 points, Nifty declines amid IT sell-off, rising crude

Sensex drops over 300 points, Nifty declines amid IT sell-off, rising crude

Rediff.com3 Jun 2026

Indian benchmark indices, Sensex and Nifty, closed lower, primarily due to a sharp sell-off in IT stocks, a fresh surge in crude oil prices, and sustained outflows from foreign institutional investors. The Sensex dropped over 300 points, while the Nifty declined by 77.95 points.

'No Governance Issue In HDFC Bank'

'No Governance Issue In HDFC Bank'

Rediff.com20 Mar 2026

'Being an important institution in the banking system, we are subject to regulatory supervision, both offsite and onsite.' 'When you look at the intensity at which these levels of supervision come, we, on the board and in management, believe there should not be any surprises.'

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

US-Iran peace deal: Tehran gives up nuke bid, wins sanctions relief

Rediff.com18 Jun 2026

The United States and Iran have reached an agreement in principle to immediately and permanently halt all military operations, lift sanctions, and work towards a comprehensive final agreement within 60 days, including a significant reconstruction package for Iran.

HDFC Bank Q4 deposits grow 15% YoY, advances jump 12%

HDFC Bank Q4 deposits grow 15% YoY, advances jump 12%

Rediff.com4 Apr 2026

HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.

Man Arrested In Gurugram For Rs 8.30 Lakh Digital Arrest Fraud

Man Arrested In Gurugram For Rs 8.30 Lakh Digital Arrest Fraud

Rediff.com8 Jun 2026

Gurugram Police have arrested a man from Hapur, Uttar Pradesh, for his alleged involvement in an Rs 8.30 lakh cyber fraud. The accused provided his bank account, which was used to receive the cheated amount from a victim who was subjected to a "digital arrest" by fraudsters impersonating government officials. The investigation is ongoing to trace other individuals involved.

Man Arrested In Gurugram For Rs 8.30 Lakh Digital Arrest Fraud

Man Arrested In Gurugram For Rs 8.30 Lakh Digital Arrest Fraud

Rediff.com8 Jun 2026

Gurugram Police have arrested a man from Hapur, Uttar Pradesh, for his alleged involvement in an Rs 8.30 lakh cyber fraud. The accused provided his bank account, which was used to receive the cheated amount from a victim who was subjected to a "digital arrest" by fraudsters impersonating government officials. The investigation is ongoing to trace other individuals involved.

Assam Gets Rs 1,400 Crore Brahmaputra Bridge

Assam Gets Rs 1,400 Crore Brahmaputra Bridge

Rediff.com22 Jun 2026

The new bridge will come up alongside the existing crossings at Saraighat, where two bridges currently connect the north and south banks of the Brahmaputra -- the iconic road-cum-rail Saraighat Bridge and a separate road bridge.

Sensex closed 283 points higher on buying in bank, metal shares

Sensex closed 283 points higher on buying in bank, metal shares

Rediff.com18 Feb 2026

Benchmark equity indices Sensex and Nifty extended their gains for the third straight session on Wednesday, driven by last-hour buying in bank, metal, and FMCG shares.

Congress MLA and Former Bank Employee Sentenced in Cheating Case

Congress MLA and Former Bank Employee Sentenced in Cheating Case

Rediff.com2 Apr 2026

A Delhi court sentenced Madhya Pradesh Congress MLA Rajendra Bharti and a former bank employee to three years' imprisonment each in a cheating case involving the forging of bank records to obtain illegal interest payments between 1998 and 2011.

Day after cyberattack claim, CBSE processes 40,000 re-evaluation requests

Day after cyberattack claim, CBSE processes 40,000 re-evaluation requests

Rediff.com3 Jun 2026

The Central Board of Secondary Education (CBSE) announced that nearly 40,000 students have successfully applied for verification and re-evaluation of Class 12 board exam answer books, despite the portal facing cyberattacks, including a denial-of-service attempt.

Stock markets rally as US-Iran talks progress, crude oil prices tumble

Stock markets rally as US-Iran talks progress, crude oil prices tumble

Rediff.com6 May 2026

Indian benchmark indices, Sensex and Nifty, rallied significantly following a sharp decline in crude oil prices. This decline was triggered by US President Donald Trump's announcement of progress in negotiations with Iran towards a peace agreement, which led to renewed optimism in global markets.

How Gurugram Police Uncovered A Rs 78 Lakh Digital Arrest Fraud

How Gurugram Police Uncovered A Rs 78 Lakh Digital Arrest Fraud

Rediff.com6 Jun 2026

Gurugram police have arrested two individuals, Mohammad Saif Ali and Saurabh Kumar, for their involvement in a Rs 78 lakh digital arrest cyber fraud. The victim was coerced into transferring money after being intimidated by a scammer posing as a police officer. Investigations revealed that one of the accused's bank accounts, used to receive defrauded funds, was linked to 52 other fraudulent transactions.

CBI Cracks Down on Builder-Financial Institution Nexus with Multi-State Raids

CBI Cracks Down on Builder-Financial Institution Nexus with Multi-State Raids

Rediff.com14 Apr 2026

The CBI conducted searches at 77 locations across eight states, registering 22 new cases related to a nexus between builders and financial institutions, allegedly defrauding homebuyers.

RBI Reassures on HDFC Bank's Financial Health Following Chairman's Exit

RBI Reassures on HDFC Bank's Financial Health Following Chairman's Exit

Rediff.com19 Mar 2026

The Reserve Bank of India (RBI) has issued a statement assuring the public of HDFC Bank's stability and sound financial position following the resignation of its chairman, Atanu Chakraborty, citing ethical concerns.

Khamenei Funeral Signals Shift In India-Iran Relations

Khamenei Funeral Signals Shift In India-Iran Relations

Rediff.com6 Jul 2026

It is an unusual choice to depute a retired general for the funeral of a revered religious figure but a thoughtful one in an attempt to inject verve into the bilateral relationship and restore the equilibrium in India's West Asian policies, notes Ambassador M K Bhadrakumar.

How Telangana Police Cracked Down on a Massive Mule Bank Account Fraud

How Telangana Police Cracked Down on a Massive Mule Bank Account Fraud

Rediff.com28 Mar 2026

Telangana police have dismantled a large network operating illegal mule bank accounts used for fraudulent financial transactions, arresting 13 suspects and uncovering transactions worth approximately Rs 138 crore.

Spot a Suspicious Credit Card Transaction?

Spot a Suspicious Credit Card Transaction?

Rediff.com10 Jun 2026

The first thing cardholders should do after spotting a suspicious charge is block the card.

How Delhi Police Uncovered A Major Cyber Fraud Network

How Delhi Police Uncovered A Major Cyber Fraud Network

Rediff.com6 Jun 2026

Delhi Police have dismantled an interstate cyber fraud syndicate, arresting three key operatives involved in siphoning off money through unauthorised banking transactions. The police successfully froze approximately Rs 4 lakh of the Rs 4.82 lakh stolen from a victim's account and recovered numerous debit cards, SIM cards, and mobile phones used in the operation.

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.

Dell Expands Local Server Production In India Driven By AI And Data Sovereignty

Dell Expands Local Server Production In India Driven By AI And Data Sovereignty

Rediff.com30 Jun 2026

Dell Technologies is significantly expanding its domestic manufacturing in India, with a majority of its servers now produced locally, driven by data sovereignty and AI adoption. The company also launched new AI infrastructure solutions, including PowerStore Elite, designed for secure on-premises data management and AI workflows, while asserting that AI creates more jobs.

How Delhi Police Uncovered A Major Cyber Fraud Ring

How Delhi Police Uncovered A Major Cyber Fraud Ring

Rediff.com8 Jun 2026

Delhi Police have arrested two men in Jaipur, busting a mule account syndicate that allegedly routed proceeds from cyber frauds through multiple bank accounts. The investigation began after a Delhi resident lost Rs 1.91 lakh, leading to the discovery of a sophisticated money-laundering operation involving loan repayments.

Raids conducted at accused's homes in Ram Temple donation scam; money recovered

Raids conducted at accused's homes in Ram Temple donation scam; money recovered

Rediff.com28 Jun 2026

Ayodhya Police conducted simultaneous raids at the residences of eight individuals arrested in connection with the alleged embezzlement of donations at the Ram Temple. The raids followed their remand to judicial custody, with police expected to seek custodial remand. The accused were involved in counting donations, and investigators have recovered Rs 79.85 lakh so far in a case registered under various sections including the Prevention of Corruption Act.

HDFC Bank initiates independent review after chairman's ethics-based resignation

HDFC Bank initiates independent review after chairman's ethics-based resignation

Rediff.com24 Mar 2026

HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.

Satluj Writer: 'If A Region Has A Violent History, Will We Bury That?'

Satluj Writer: 'If A Region Has A Violent History, Will We Bury That?'

Rediff.com8 Jul 2026

'...Or will we take a positive approach and learn from those mistakes so that it is not repeated in future?'

Mobile Hacking: CISF Constable Falls Victim To Cyber Fraud

Mobile Hacking: CISF Constable Falls Victim To Cyber Fraud

Rediff.com3 Jun 2026

A CISF constable in Mumbai became a victim of cyber fraud when his mobile phone was allegedly hacked, leading to Rs 95,668 being siphoned from his bank account. Police have registered an FIR and are investigating the incident, which involved the phone resetting and apps deleting automatically before the unauthorised transaction.

Mcap of 8 most valued firms surges by Rs 1.87 lakh cr; Airtel biggest winner

Mcap of 8 most valued firms surges by Rs 1.87 lakh cr; Airtel biggest winner

Rediff.com19 Apr 2026

Eight of India's top-10 most valued firms saw their combined market valuation increase by Rs 1,87,497.45 crore last week, with Bharti Airtel emerging as the largest gainer, reflecting a positive trend in the equities market.

DBS Bank India Enables Direct Tax Payments via TIN 2.0

DBS Bank India Enables Direct Tax Payments via TIN 2.0

Rediff.com23 Mar 2026

DBS Bank India has launched a direct tax payment facility after authorisation from the Central Board of Direct Taxes (CBDT). Utkarsh Small Finance Bank partners with Mumbai Indians as banking partner for T20 League 2026.

How Delhi Police Cracked Interstate Cyber Fraud Ring

How Delhi Police Cracked Interstate Cyber Fraud Ring

Rediff.com27 May 2026

Delhi Police dismantled an interstate cyber fraud network involved in routing illicit funds through bank account kits, SIM cards, and ATM credentials, leading to the arrest of three key individuals from Haryana and Himachal Pradesh.

Jharkhand Police Unearth Interstate Cyber Fraud Racket

Jharkhand Police Unearth Interstate Cyber Fraud Racket

Rediff.com30 Apr 2026

Jharkhand police have uncovered an interstate cyber fraud network and arrested four individuals involved in fraudulent transactions across 24 states. The investigation was initiated following inputs from the Union Home Ministry's 'Samanvaya portal', leading to the discovery of a bank account in Ramgarh district used for the illicit activities.

ICICI Bank Hit with 768.6 Crore GST Demand Notice

ICICI Bank Hit with 768.6 Crore GST Demand Notice

Rediff.com19 Mar 2026

ICICI Bank has received a demand notice of 768.6 crore from tax authorities for alleged short payment of GST, related to services provided to customers maintaining minimum balances.

Ex-Reliance Communications MD Jailed In Loan Fraud Case

Ex-Reliance Communications MD Jailed In Loan Fraud Case

Rediff.com2 Jun 2026

Former Reliance Communications Group managing director Amitabh Jhunjhunwala has been lodged in Mumbai's Arthur Road Jail after being arrested by the CBI in connection with a multi-crore bank loan fraud case.

Privatisation push loses steam as IDBI Bank stake sale scrapped

Privatisation push loses steam as IDBI Bank stake sale scrapped

Rediff.com23 Mar 2026

India's privatisation push, once projected as a cornerstone of economic reform, has suffered another setback, with the Centre set to call off the IDBI Bank stake sale, highlighting the political and structural constraints shaping the country's disinvestment policy, experts say.

Over 20 lakh aspirants take NEET re-test in India, abroad amid tight security

Over 20 lakh aspirants take NEET re-test in India, abroad amid tight security

Rediff.com21 Jun 2026

The NEET-UG re-exam was held at centres across the country and overseas on Sunday amid tight security arrangements for the smooth conduct of the examination.

How Telangana Police Cracked Online Betting Racket

How Telangana Police Cracked Online Betting Racket

Rediff.com1 Jun 2026

Telangana CID arrests 11 individuals, including an Afghan national, for allegedly operating online betting across multiple states through the Dafabet platform. The investigation revealed a complex network of mule accounts and a coordinated multi-state criminal operation.

'Economy May Take 2 To 3 Months To Return To Normal'

'Economy May Take 2 To 3 Months To Return To Normal'

Rediff.com8 Jul 2026

'The real shock is going to be from a deficient monsoon.'

The Strategic Importance Of Pakistan's Gwadar Port For China

The Strategic Importance Of Pakistan's Gwadar Port For China

Rediff.com13 Jul 2026

Gwadar is viewed as a critical pearl in China's maritime strategy as it would give a permanent logistical footprint near an important choke point - the Strait of Hormuz and the oil rich Persian Gulf, explains Commodore Venugopal Menon (retd).

Karnataka Minister Nagendra Faces Charges In Funds Diversion Case

Karnataka Minister Nagendra Faces Charges In Funds Diversion Case

Rediff.com2 Jun 2026

The CBI has filed three chargesheets against former Karnataka minister B Nagendra and his associate Nekkanti Nagaraj for allegedly diverting Rs 89 crore in state government funds intended for Scheduled Tribes.