It said that when a retiree, who withdraws amounts in the range of Rs 10,000 or Rs 20,000, suddenly withdraws huge amounts, then the bank should issue an alert.
Senior TMC leader Abhishek Banerjee criticised the Modi government's economic policies, citing rising prices and hardships caused by demonetisation and lockdown measures during an election rally in West Bengal.
West Bengal Chief Minister Mamata Banerjee has accused central forces of searching her car and criticised the BJP for alleged election misconduct during a rally in Islampur, Uttar Dinajpur district.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
A State Bank of India report indicates a sharp increase in precautionary cash holding in India, with the gap between per capita currency in circulation and ATM withdrawals widening significantly, driven by global uncertainties despite record digital payment transactions.
The Allahabad High Court has rejected a petition to dismiss a case against a woman accused of defrauding an aspirant of over Rs 22 lakh with false promises of a PhD degree and a university job.
Kanpur police have frozen assets worth Rs 9.5 crore, including properties, vehicles, and bank accounts, as part of an investigation into an interstate racket involved in trafficking codeine-based cough syrups.
AM Shahjahan and Vanni Arasu from IUML and VCK respectively were sworn in as ministers in Tamil Nadu, increasing the number of allies in the TVK government. This marks the first time representatives from both parties have been inducted into the state cabinet, signifying a shift in Tamil Nadu's coalition dynamics.
Over the past three years, the appointments of 20 candidates selected through the Institute of Banking Personnel Selection were cancelled or offers were withdrawn due to poor credit history.
With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
The caller told the victim that a bank account linked to his mobile number had allegedly received Rs 7 crore through money laundering activities and warned that he would be arrested in the case.
The Enforcement Directorate (ED) reports a decline in traditional financial crimes due to sustained investigative actions and government initiatives, while highlighting emerging challenges like cryptocurrency fraud and terror financing.
Cyberabad police apprehended nine individuals for allegedly operating an international fake call centre that defrauded Australian citizens of millions of rupees over two years.
Rajasthan Police have initiated proceedings to attach properties worth approximately Rs 35 crore linked to an online betting racket in Karauli district, as part of 'Operation Shikanja'.
A man was arrested in Gujarat for allegedly receiving a significant portion of Rs 3.71 crore siphoned off from a Mumbai woman in a 'digital arrest' scam. The cybercriminals impersonated law enforcement and court officials, staging a fake online hearing to deceive the victim.
ServiceNow has announced an expansion of its AI Control Tower offering with new capabilities that give enterprises control over every AI system, agent, and workflow, regardless of where it runs.
A Kerala MLA, K Shantakumari, was targeted by cyber fraudsters claiming a connection to a bomb blast case and using her identity. The MLA reported the incident to the cyber cell after her son identified inconsistencies in the video call.
Delhi Police have arrested four men from Maharashtra, Odisha, and Bihar for allegedly planning terror activities and attempting to recruit others online. An IED and related materials were seized during the operation.
TMC leader Abhishek Banerjee criticised the BJP's development record in Balurghat, alleging neglect despite the constituency having a BJP MP and MLA. He challenged the BJP to present a report card of their work and compared it unfavourably to the TMC government's initiatives.
Benchmark Sensex tumbled 1,236 points or 1.5 per cent while Nifty closed near 25,450 on Thursday following an across-the-board sell-off amid escalating geopolitical tensions between the US and Iran.
Jaipur police swiftly recovered and returned Rs 27,000 to a Slovakian tourist who mistakenly overpaid for a taxi ride. The tourist, who was visiting India for a conference, realised the error after checking her bank account and sought help from the local police.
Mirroring the traditional hawala system, where money is sent through non-banking channels, this digital version uses the anonymity of unregulated cryptocurrency to erase the financial trail and inject cash into the domestic economy.
Union Home Minister Amit Shah pledged the BJP will recover funds allegedly stolen by the TMC in Bengal and promised development schemes for North Bengal, while attacking Mamata Banerjee's governance.
Reliance has no illegal Swiss Bank accounts.
The Reserve Bank of India has told banks not to levy penal charges for non-maintenance of minimum balances in any inoperative account.
The Canara Bank on Thursday informed the Bombay high court that it has withdrawn its order classifying as "fraudulent" the loan account of a firm linked to industrialist Anil Ambani. After the bank's disclosure, a bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Ambani challenging the bank's order, saying nothing survives in it.
With one of its members, Pradip Burman, being named as an account holder in a foreign bank in the black money issue, Dabur India promoter family, Burmans on Monday said the account complied with all legal requirements.
Chandigarh Police have launched an investigation into a fraud involving fake fixed deposit receipts (FDRs) worth 116.84 crore, allegedly issued by a private bank manager, impacting the Chandigarh municipal corporation's funds.
Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.
The campaign for the current election cycle ended on Monday as canvassing for the final phase in West Bengal concluded with a bitter war of words between rival parties over cross-border infiltration, corruption, unemployment and the Special Intensive Revision (SIR) of electoral rolls.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
India has expressed strong concerns over attacks on commercial ships in the Strait of Hormuz, citing its importance to India's energy and economic security. Ambassador Yojna Patel highlighted the need to respect international law and ensure the safety of seafarers, while also addressing broader Middle East issues including the situation in Gaza and Lebanon.
A cybersecurity expert warns that cyberattacks are increasingly targeting critical infrastructure, posing direct risks to human lives beyond mere data theft. The convergence of IT and OT expands the attack surface, making sectors like aviation, transport, and public utilities highly vulnerable.
The Reserve Bank of India (RBI) is set to revise its directives for bank boards, aiming to alleviate operational burdens and enable them to concentrate on crucial policy and strategic decision-making, thereby enhancing corporate governance in the Indian banking sector.
The CBI has arrested five individuals and conducted searches across India in connection with the NEET UG paper leak case. Protests have intensified, and calls for the Education Minister's resignation have grown louder. Political parties are trading blame, and the Supreme Court is considering a plea for an overhaul of the National Testing Agency.
Patna Police arrested a major narcotics supplier and seized drugs worth approximately 7.5 crore during a raid in the Khagaul area. The operation uncovered heroin and brown sugar, along with evidence suggesting the suspect amassed significant wealth through illegal drug trade.
Jai Anmol Ambani, son of Anil Ambani, was questioned by the CBI in connection with a 228-crore fraud case involving Union Bank of India. He is expected to be questioned again.
India's net foreign direct investment (FDI) recorded a positive $4.6 billion in February, breaking a six-month streak of negative figures, attributed to increased gross inflows and reduced repatriations, according to the Reserve Bank of India.
Punjab Governor Gulab Chand Kataria emphasised the importance of Aadhaar in promoting good governance, transparency, and ease of living, highlighting its role in ensuring welfare benefits reach the intended recipients and strengthening the rural economy through Direct Benefit Transfer.
