News for 'United Bank'

Satluj Review: Brave Political Drama

Satluj Review: Brave Political Drama

Rediff.com6 Jul 2026

Satluj is a chilling reminder of what happens when a state is allowed to become judge, jury and executioner, asserts Sreeju Sudhakaran.

Like Zubeen Garg, Cong works to unite people: Rahul Gandhi

Like Zubeen Garg, Cong works to unite people: Rahul Gandhi

Rediff.com5 Apr 2026

Congress leader Rahul Gandhi has accused Assam Chief Minister Himanta Biswa Sarma of corruption and land grabbing, promising action if the Congress party wins the upcoming elections in Assam. Gandhi also criticised the BJP's governance and economic policies.

India's Forex Kitty Jumps $938 Million to $682 Billion

India's Forex Kitty Jumps $938 Million to $682 Billion

Rediff.com5 Jun 2026

India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion during the week ended May 28, according to the Reserve Bank of India, following a previous week's drop.

India Slams Pakistan At UN, Calls It 'Frankenstein State'

India Slams Pakistan At UN, Calls It 'Frankenstein State'

Rediff.com19 Jun 2026

India strongly criticised Pakistan at the United Nations, labelling it a "Frankenstein state" for its alleged support of terrorism. The remarks came after Pakistan and the OIC raised the Kashmir issue, which India firmly rejected, reiterating Jammu and Kashmir's integral status. India also deemed the Indus Water Treaty "outdated" given Pakistan's policies.

T20 World Cup: We want to play aggressive brand of cricket vs Australia, says Smriti Mandhana

T20 World Cup: We want to play aggressive brand of cricket vs Australia, says Smriti Mandhana

Rediff.com27 Jun 2026

Vice-captain Smriti Mandhana on Saturday said India will play an "aggressive brand of cricket" against Australia in the must-win Women's T20 World Cup match in London.

United Bank forays into merchant banking

United Bank forays into merchant banking

Rediff.com29 Mar 2011

"We do not have a presence there right now and will start operations by end of the third quarter of the next fiscal," said the bank's Chairman and Managing Director Bhaskar Sen.

Ex-Kotak Mahindra Executive Arrested In Rs 145 Cr Panchkula Fraud

Ex-Kotak Mahindra Executive Arrested In Rs 145 Cr Panchkula Fraud

Rediff.com1 Jun 2026

The Enforcement Directorate (ED) has arrested a former Kotak Mahindra Bank executive, Pushpinder Singh, alleged to be the mastermind of a Rs 145-crore fraud involving Panchkula municipal corporation officials, bank employees, and private individuals.

Maruti Launches RD-Backed Car Loan

Maruti Launches RD-Backed Car Loan

Rediff.com6 Jun 2026

The scheme, called 'Suhana Safar', targeted customers who aspire to own a car but were hesitant because of concerns around arranging the down payment or managing future EMI obligations.

Missing CCTVs, hundi keys with driver: What SIT found in Ram temple 'fraud'

Missing CCTVs, hundi keys with driver: What SIT found in Ram temple 'fraud'

Rediff.com27 Jun 2026

Investigators recovered nearly Rs 80 lakh in cash and some foreign currency from six of the accused.

Would You Like Polymer Currency Notes?

Would You Like Polymer Currency Notes?

Rediff.com6 Jun 2026

The primary objective of introduction of polymer notes was to increase its life and not to combat counterfeiting.

Kerala Officer Arrested For Alleged Rs 3.57 Crore Women's Scheme Scam

Kerala Officer Arrested For Alleged Rs 3.57 Crore Women's Scheme Scam

Rediff.com8 Jun 2026

A former industries extension officer in Thiruvananthapuram has been arrested by the Vigilance and Anti-Corruption Bureau (VACB) for allegedly misappropriating Rs 3.57 crore from a self-employment scheme for women. The officer, Praveen Raj T R, is also implicated in two other similar cases involving significant amounts.

Australia spoil Turkey's return to World Cup stage with tense win

Australia spoil Turkey's return to World Cup stage with tense win

Rediff.com14 Jun 2026

Australia defeated Turkey 2-0 in their Group D World Cup opener, with goals from Nestory Irankunda and Connor Metcalfe, placing them second in the group.

India Inc payout to shareholders grows slower than profit for third straight year

India Inc payout to shareholders grows slower than profit for third straight year

Rediff.com17 Jun 2026

Shareholder payouts by India Inc, including dividends and buybacks, increased by 2.2 per cent year-on-year in FY26 to $5.06 trillion, but this growth lagged the 18.8 per cent rise in reported net profit for the third consecutive year, leading to the lowest dividend payout ratio in 12 years.

NSE IPO Set To Mint Fortunes

NSE IPO Set To Mint Fortunes

Rediff.com19 Jun 2026

With momentum building around the IPO, the NSE saw a surge in retail investors in the last two years, making it one of the widely traded stocks in the unlisted market.

India's forex reserves drop $711 mn to $681.61 bn

India's forex reserves drop $711 mn to $681.61 bn

Rediff.com12 Jun 2026

India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).

India And Nepal Launch UPI-NPI Linkage For Seamless Cross-Border Payments

India And Nepal Launch UPI-NPI Linkage For Seamless Cross-Border Payments

Rediff.com11 Jun 2026

India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.

India's Auto Retail Sales Hit Record High in May Despite Fuel Price Hike

India's Auto Retail Sales Hit Record High in May Despite Fuel Price Hike

Rediff.com8 Jun 2026

India's total automobile retail sales recorded a significant 9.55 per cent year-on-year growth in May, reaching an all-time high of 25,31,067 units, driven by strong performances in three-wheelers, passenger vehicles, and tractors, despite prevailing heatwave conditions and fuel price pressures.

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.

World Cup 2026 Set to Shatter All-Time Sports Gambling Records

World Cup 2026 Set to Shatter All-Time Sports Gambling Records

Rediff.com25 Jun 2026

World Cup 2026 is on track to become the biggest betting event in history, with global wagers expected to exceed $50 billion as sportsbooks report record-breaking activity driven by the expanded tournament format and growing legal gambling markets.

Want OpenAI Shares? Read This First

Want OpenAI Shares? Read This First

Rediff.com17 Jun 2026

Investors should do thorough due diligence when selecting a platform.

EV Adoption Rises As West Asia Crisis Makes Fuel Costly

EV Adoption Rises As West Asia Crisis Makes Fuel Costly

Rediff.com9 Jun 2026

Fuel prices have risen by about Rs 7.5 per litre since May 15, as global crude oil prices surged due to the ongoing conflict in West Asia and supply concerns around the Strait of Hormuz.

Overseas Education Loans Get Riskier

Overseas Education Loans Get Riskier

Rediff.com8 Jun 2026

Students and families must stress test repayment capacity based on Indian salary standards.

Someone Else Owns India's Off Switch

Someone Else Owns India's Off Switch

Rediff.com17 Jun 2026

A sovereign cloud, our own DNS root and Root CA, a defence-led research base that builds for keeps, and a real national cybersecurity strategy that outlives electoral cycles are not vanity projects. They are the difference between a nation that can be switched off and one that cannot, points out Venkata Satish Guttula.

ATM Interchange Fee May Be Linked to WPI, Fresh Hike Expected

ATM Interchange Fee May Be Linked to WPI, Fresh Hike Expected

Rediff.com1 Jun 2026

The National Payments Corporation of India (NPCI) is set to consider linking the ATM interchange fee to the Wholesale Price Index (WPI), alongside a potential hike from the current 19 to 21-22, which could impact customer charges for transactions beyond the free limit.

India Owes Iran $7 Billion!

India Owes Iran $7 Billion!

Rediff.com17 Jun 2026

Formerly Iran's second-largest oil customer, Indian financial institutions were forced to withhold crude oil payments following the 2018 US sanctions.

HDFC Bank CEO: 'We Requested Chakraborty To Spell Out The Issues'

HDFC Bank CEO: 'We Requested Chakraborty To Spell Out The Issues'

Rediff.com30 Mar 2026

'When there is such an elaborate and a strong process, one would have expected anyone to either place the issues so that they can be addressed or go to the regulator and probably tell them rather than creating a kind of uncertainty for the stakeholders.

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

HDFC Life profit rose 4% in Q4; parent bank to invest Rs 1,000 crore

Rediff.com17 Apr 2026

HDFC Life Insurance reported a 4 per cent year-on-year increase in net profit to Rs 495.6 crore for Q4FY26, while its parent, HDFC Bank, announced a Rs 1,000 crore preferential share issuance to raise its stake to 50.5 per cent.

David Beckham honoured with Walk of Fame star

David Beckham honoured with Walk of Fame star

Rediff.com14 Jun 2026

Sir David Beckham, the first English player to win league titles in four countries, was honored with a star on the Hollywood Walk of Fame on Friday.

TVS Venu Group to bolster financial services presence with Jana SFB stake

TVS Venu Group to bolster financial services presence with Jana SFB stake

Rediff.com19 May 2026

TVS Venu Group has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank, including a 4.9 per cent ownership by TVS Motor Company, through a combination of primary issuance of warrants and a secondary purchase.

Marc Faber: 'Indian Markets Can Go Down 20 Per Cent'

Marc Faber: 'Indian Markets Can Go Down 20 Per Cent'

Rediff.com23 Jun 2026

'India has initiated a bear market and we will still go lower. It has nothing to do with the economy.'

Tender Scam Blows Lid Off Bihar Corruption

Tender Scam Blows Lid Off Bihar Corruption

Rediff.com19 Jun 2026

'As the Bihar government's focus is on development and infrastructure projects worth thousands of crores, Rishu Sinha created a network to pay a decent commission to government officials for securing tenders.'

India's Forex Reserves Drop by $8 Billion to $688.894 Billion

India's Forex Reserves Drop by $8 Billion to $688.894 Billion

Rediff.com22 May 2026

India's foreign exchange reserves saw a significant drop of USD 8.094 billion, settling at USD 688.894 billion for the week ending May 15, as the Reserve Bank of India intervened in the forex market and global events like the Middle East conflict impacted the rupee.

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.

RBI Revives Plan for Polymer Banknotes to Boost Durability, Cut Costs

RBI Revives Plan for Polymer Banknotes to Boost Durability, Cut Costs

Rediff.com29 May 2026

The Reserve Bank of India (RBI) is set to introduce polymer banknotes to address the rising demand for currency, improve durability, and reduce production costs, with a pilot project expected soon.

In historic revolt, TMC rebels oust Mamata as chairperson, install Arup Roy

In historic revolt, TMC rebels oust Mamata as chairperson, install Arup Roy

Rediff.com22 Jun 2026

In a bid to wrest control of the Trinamool Congress, its rebel faction led by Leader of the Opposition Ritabrata Banerjee on Monday elected MLA Arup Roy as chairperson, marking the sharpest challenge yet to the authority of party founder Mamata Banerjee.

NDA Closes On Rajya Sabha Two-Third Mark

NDA Closes On Rajya Sabha Two-Third Mark

Rediff.com22 Jun 2026

Its strength is set to increase by 3 seats once the current round of Rajya Sabha polls for 27 seats are concluded on June 28.

12 iconic Indian landmarks to host International Yoga Day 2026 celebrations

12 iconic Indian landmarks to host International Yoga Day 2026 celebrations

Rediff.com15 Jun 2026

India will celebrate International Day of Yoga (IDY) 2026 at 12 iconic landmarks across the country, including the Red Fort, Hampi, and Konark Sun Temple, with the main event led by Prime Minister Narendra Modi in Kolkata.

India's Forex Reserves Fall by $7.5 Billion to $681.38 Billion

India's Forex Reserves Fall by $7.5 Billion to $681.38 Billion

Rediff.com29 May 2026

India's foreign exchange reserves saw a significant drop of USD 7.511 billion, settling at USD 681.384 billion for the week ending May 22, as the Reserve Bank of India intervened in the forex market due to rupee pressure and the lingering effects of the Middle East conflict.

RBI's forex gains jump 52% in FY26, balance sheet swells

RBI's forex gains jump 52% in FY26, balance sheet swells

Rediff.com30 May 2026

The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.

Amazon Boosts India Investment To USD 48 Billion, Focus On AI And Cloud

Amazon Boosts India Investment To USD 48 Billion, Focus On AI And Cloud

Rediff.com25 Jun 2026

Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.