News for 'bank officials'

Will Japan's Iron Lady Deepen India-Japan Ties?

Will Japan's Iron Lady Deepen India-Japan Ties?

Rediff.com15 Oct 2025

As a protege of Shinzo Abe, Takaichi is expected to scale bilateral ties much higher. Trade and investment shall grow. People-to-people contacts shall be scaled up, points out Dr Rajaram Panda.

Shilpa Shetty, Raj Kundra booked for alleged Rs 60 cr fraud

Shilpa Shetty, Raj Kundra booked for alleged Rs 60 cr fraud

Rediff.com14 Aug 2025

The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead.

Electronics to chemicals: Govt identifies critical sectors to boost FDI

Electronics to chemicals: Govt identifies critical sectors to boost FDI

Rediff.com4 Aug 2025

The government has identified critical sectors, including electronics, chemicals, leather and footwear, and toys, where value chains can be strengthened to facilitate and drive foreign direct investment (FDI) into the country. Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on.

Reliance's refining margins projected to stay strong compared to PSU peers

Reliance's refining margins projected to stay strong compared to PSU peers

Rediff.com6 Sep 2025

Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.

Rs 2000 notes worth Rs 6,099 cr still in circulation: RBI

Rs 2000 notes worth Rs 6,099 cr still in circulation: RBI

Rediff.com1 Jul 2025

The high-value Rs 2000 notes worth Rs 6,099 crore are still in circulation even after two years of the Reserve Bank withdrawing the currency, according to official data released on Tuesday. Rs 2000 banknotes continue to be legal tender.

Banks urge RBI for boards' workload mgmt

Banks urge RBI for boards' workload mgmt

Rediff.com19 Nov 2024

Private sector bank board members have urged the Reserve Bank of India (RBI) top brass to consider workload management of the boards as they feel there are too many issues that go to the boards for approval and the situation becomes unmanageable at times. The views were conveyed to the regulator on Monday in a conference of directors of private sector bank boards on the theme "Transformative Governance Through Sound Boards". RBI governor Shaktikanta Das, deputy governors Swaminathan J and M Rajeshwar Rao, and other senior officials of the central bank participated in the conference.

India's Startup Dreams, Ready to Bloom

India's Startup Dreams, Ready to Bloom

Rediff.com17 Sep 2025

Let's work flat out and create a policy framework that fosters the growth of Indian non-family business VC and private equity firms. This will allow our Indian startups' dreams to flourish, explains Ajit Balakrishnan.

Inside The Tata Trusts Showdown: A House Divided

Inside The Tata Trusts Showdown: A House Divided

Rediff.com9 Oct 2025

A quiet but consequential power struggle has erupted within the storied 156-year-old Tata Trusts just a year after the death of group patriarch Ratan Tata on October 9, 2024.

Three Mega IPOs Set To Rewrite India Inc Story In 2026

Three Mega IPOs Set To Rewrite India Inc Story In 2026

Rediff.com10 Sep 2025

IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.

Only 10 banks had minor disruptions: RBI on outage

Only 10 banks had minor disruptions: RBI on outage

Rediff.com19 Jul 2024

The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.

India eyes 2000 GCCs beyond metro cities by yearend

India eyes 2000 GCCs beyond metro cities by yearend

Rediff.com9 Jul 2025

MeitY is in discussions with global Fortune 500 and Fortune 1000 companies, mid-tier firms, and state government officials on a three-pronged approach to setting up new GCCs in India.

Satyam, Wipro: Ex-World Bank official denies wrong

Satyam, Wipro: Ex-World Bank official denies wrong

Rediff.com16 Jan 2009

Sources close to Mohamed Mushin say he regrets the indiscretion of purchasing the shares that he did, and even though it was perfectly legal, it gave the perception of conflict of interest, that his buying them under the Friends and Family IPOs seemed as it was a quid pro quo by the two companies that had secured handsome Bank contracts.

J-K cloudburst: 60 dead, 69 missing, over 100 hurt

J-K cloudburst: 60 dead, 69 missing, over 100 hurt

Rediff.com15 Aug 2025

Jammu and Kashmir Chief Minister Omar Abdullah briefed Prime Minister Narendra Modi on a devastating cloudburst in Kishtwar district that claimed 60 lives and injured over 100. Abdullah expressed condolences and assured assistance, while also questioning potential administrative lapses.

FBI Praises CBI Rs 350 Cr Racket Bust

FBI Praises CBI Rs 350 Cr Racket Bust

Rediff.com28 Aug 2025

'Big Week For #USIndia Law Enforcement Collaboration'

Gold may consolidate, but bias stays positive

Gold may consolidate, but bias stays positive

Rediff.com24 Aug 2025

Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the trajectory of the bullion sentiment, they added.

Be Warned! AI Makes Identity Theft Easier

Be Warned! AI Makes Identity Theft Easier

Rediff.com18 Sep 2025

'The way the attacks are coming has become much stronger and much wider because of AI.'

Mumbai's Modaksagar dam likely to overflow soon, alerts issued

Mumbai's Modaksagar dam likely to overflow soon, alerts issued

Rediff.com9 Jul 2025

The water level of Modaksagar dam, a key water source for Mumbai, is nearing full capacity, prompting alerts for nearby villages and residents.

Heavy rain paralyses Mumbai; train services suspended

Heavy rain paralyses Mumbai; train services suspended

Rediff.com19 Aug 2025

Heavy rains caused severe waterlogging, traffic jams, and disruptions to local train services in Mumbai. Schools and colleges were closed due to a 'red alert' issued by the IMD.

There is more room for monetary policy easing, says Finance Ministry

There is more room for monetary policy easing, says Finance Ministry

Rediff.com29 Jul 2025

With inflation comfortably below the Reserve Bank of India's (RBI's) 4 per cent median target and likely to undershoot its 3.7 per cent projection for 2025-26 (FY26), there is room for the monetary policy easing cycle to be sustained, the Finance Ministry said on Monday. The comments, featured in the ministry's Monthly Economic Review for June 2025, assume significance ahead of the Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) scheduled to begin from August 5.

Man kills married lover, her 2 kids in Chhattisgarh

Man kills married lover, her 2 kids in Chhattisgarh

Rediff.com25 Jun 2025

As per preliminary investigation, Giddhi was in a live-in relationship with victim Subhadra Thakur, who was estranged from her husband. He allegedly murdered her over the suspicion that she was not faithful to him, Jashpur Senior Superintendent of Police Sashimohan Singh said.

Gold may remain in consolidation phase amid global trade talks: Analysts

Gold may remain in consolidation phase amid global trade talks: Analysts

Rediff.com27 Jul 2025

Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, ranging from central bank meetings, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said.

Doctor kept under 'digital arrest' for 8 days, loses Rs 3cr

Doctor kept under 'digital arrest' for 8 days, loses Rs 3cr

Rediff.com28 Jun 2025

In the month of May, the victim got a call from a person identifying himself as telecom department staffer Amit Kumar, who told her a SIM card had been bought with her personal details for use in criminal activities.

Terrorists kill 5 cops, 2 bank officials while looting cash van in Kashmir

Terrorists kill 5 cops, 2 bank officials while looting cash van in Kashmir

Rediff.com1 May 2017

The Hizbul Mujahideen outfit claimed responsibility for the attack.

US Accuses Adani Of Bribing Officials

US Accuses Adani Of Bribing Officials

Rediff.com21 Nov 2024

Gautam Adani, India's second-richest man, and seven others including his nephew Sagar have been charged with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion profit over 20 years.

Govt, UPI To Set Up Real-Time Payment Tripwire

Govt, UPI To Set Up Real-Time Payment Tripwire

Rediff.com4 Jul 2025

Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.

UP: ED probes Chhangur Baba's Rs 106 cr conversion racket

UP: ED probes Chhangur Baba's Rs 106 cr conversion racket

Rediff.com10 Jul 2025

The Enforcement Directorate (ED) is investigating the assets and finances of Jalaluddin alias Chhangur Baba, the alleged mastermind of an illegal religious-conversion racket in Uttar Pradesh. The ED has written to various authorities and banks to gather information and is expected to seek custodial remand for questioning.

CBI Arrests Lady Who Vanished Into Thin Air!

CBI Arrests Lady Who Vanished Into Thin Air!

Rediff.com17 Jul 2025

The CBI has arrested Mani M. Sekhar in a Rs 8 crore bank fraud case from Indore after a nearly two-decade manhunt.

2 pilgrims killed in U'khand landslide; Char Dham yatra suspended

2 pilgrims killed in U'khand landslide; Char Dham yatra suspended

Rediff.com1 Sep 2025

A landslide on the Kedarnath route in Uttarakhand killed two pilgrims and injured six, while heavy rain led to the temporary suspension of the Char Dham and Hemkund Sahib pilgrimages.

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Rediff.com18 Apr 2025

India is working closely with Belgium to extradite fugitive diamantaire Mehul Choksi, who was arrested in Antwerp on Saturday based on a formal request from the Indian government. Choksi is wanted by Indian probe agencies in connection with a Rs 13,500-crore bank loan fraud case involving the Punjab National Bank (PNB). His nephew, Nirav Modi, is also facing extradition proceedings in the UK.

Produce list of infiltrators, Tejashwi dares Amit Shah

Produce list of infiltrators, Tejashwi dares Amit Shah

Rediff.com13 Aug 2025

'Main chunauti deta hun ke ek naam bhi ghuspaithiya ka bataye jiska SIR mein samne aya ho ya delete hua ho (I challenge you to name even one infiltrator who was identified or deleted in the SIR).'

Liquor scam: Jagan chaired meet, kickbacks laundered via staff, say police

Liquor scam: Jagan chaired meet, kickbacks laundered via staff, say police

Rediff.com12 Aug 2025

A chargesheet filed by Andhra Pradesh police alleges former Chief Minister YS Jagan Mohan Reddy chaired a meeting related to a new liquor policy under which outlets would be run by a government entity. The chargesheet details alleged kickbacks and money laundering.

How India Got The MiG-21 63 Years Ago

How India Got The MiG-21 63 Years Ago

Rediff.com26 Sep 2025

The MiG-21 episode demonstrates that procurement is always strategic.
Choices about what aircraft to acquire, who builds them, who supplies the spares, who trains the pilots and technicians are decisions with political consequences lasting for decades.

Missing banker's body found in Patna well

Missing banker's body found in Patna well

Rediff.com15 Jul 2025

The body of a missing banker was recovered along with his scooter from a dry well in the Beur area of Patna on Tuesday, officials said.

BSE: Stock Exchange That Refused To Die

BSE: Stock Exchange That Refused To Die

Rediff.com25 Jul 2025

The story of the Bombay Stock Exchange and the people who shaped its growth: From wars and bomb blasts to speculators, reformers and wealth creators.

Food stall owner thrashed for not speaking in Marathi

Food stall owner thrashed for not speaking in Marathi

Rediff.com2 Jul 2025

While purchasing food, one of the them asked the stall owner to speak in Marathi, to which he questioned them back.

BSF jawan robs jewellery store with toy gun after gambling losses; held

BSF jawan robs jewellery store with toy gun after gambling losses; held

Rediff.com23 Jul 2025

A BSF constable was arrested for robbing a Delhi jewellery store with a toy gun after allegedly being inspired by crime shows and incurring losses in online gambling.

India's GDP grows 7.8% in Q1; highest in five quarters

India's GDP grows 7.8% in Q1; highest in five quarters

Rediff.com29 Aug 2025

Indian economy grew by 7.8 per cent in April-June -- the highest in five quarters -- before the disruptive US tariffs were imposed.

Aunt to raise 10-month-old orphaned by Mandi cloudburst

Aunt to raise 10-month-old orphaned by Mandi cloudburst

Rediff.com14 Jul 2025

Ten-month-old Neetika, orphaned in the Mandi flash floods, will be raised by her aunt. The community rallies to support her future.

Rs 2000 notes worth Rs 6,181 cr still in circulation: RBI

Rs 2000 notes worth Rs 6,181 cr still in circulation: RBI

Rediff.com2 Jun 2025

The high-value Rs 2000 notes worth Rs 6,181 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data released on Monday. Rs 2000 banknotes continue to be legal tender.

Will Nitish Kumar Win Just 25 Seats In Bihar Polls?

Will Nitish Kumar Win Just 25 Seats In Bihar Polls?

Rediff.com11 Sep 2025

'No one can ignore PK's prediction about Nitish Kumar's party.'