News for 'banking'

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

TReDS Platforms Poised for Growth as Government Mandates PSU Invoice Payments

Rediff.com13 Apr 2026

A government mandate requiring central public sector enterprises to use the Trade Receivables Discounting System (TReDS) for settling small business invoices is expected to significantly increase volumes on these platforms.

Mumbai Doctor Scammed Out of 10,000 by Cyber Criminals Impersonating Gas Company

Mumbai Doctor Scammed Out of 10,000 by Cyber Criminals Impersonating Gas Company

Rediff.com10 Apr 2026

A 72-year-old doctor in Mumbai was defrauded of 10,000 by cyber criminals posing as Mahanagar Gas Limited personnel who tricked him into downloading a malicious file.

Mcap of top 6 most valued firms drops nearly Rs 65k cr; Airtel biggest laggard

Mcap of top 6 most valued firms drops nearly Rs 65k cr; Airtel biggest laggard

Rediff.com5 Apr 2026

Mcap of top 6 most valued firms drops nearly Rs 65k cr; Airtel biggest laggard

Why BJP's Nabin Blames Mamata For Women's Bill Failure

Why BJP's Nabin Blames Mamata For Women's Bill Failure

Rediff.com19 Apr 2026

BJP president Nitin Nabin has accused West Bengal Chief Minister Mamata Banerjee and opposition parties like the Congress for the setback in implementing women's reservation in legislatures.

How Delhi Police Busted a Rs 300 Crore Cyber Fraud Syndicate

How Delhi Police Busted a Rs 300 Crore Cyber Fraud Syndicate

Rediff.com5 Apr 2026

Delhi Police have dismantled a major international cyber fraud syndicate, arresting the alleged mastermind and 10 others. The syndicate is linked to over 2,000 complaints and scams worth over Rs 300 crore, with connections to international cyber fraud operations in Cambodia.

Rajasthan Royals Aim To Settle Scores Against Sunrisers Hyderabad

Rajasthan Royals Aim To Settle Scores Against Sunrisers Hyderabad

Rediff.com24 Apr 2026

Rajasthan Royals are set to face Sunrisers Hyderabad in a crucial IPL match, seeking to avenge their previous defeat. RR, currently second in the standings, will rely on their strong batting lineup, while SRH will depend on their explosive top-order batsmen.

Inter-state Arms Dealers Arrested for Supplying Weapons to Terror Associate

Inter-state Arms Dealers Arrested for Supplying Weapons to Terror Associate

Rediff.com10 Apr 2026

Police in Udham Singh Nagar have arrested two inter-state arms dealers accused of supplying weapons to a terror associate linked to Al Badr. The investigation revealed suspicious financial transactions and a wider network of illegal arms smuggling.

Voluntary retirement a distinct employee right, not mere exit: SC

Voluntary retirement a distinct employee right, not mere exit: SC

Rediff.com7 Apr 2026

The Supreme Court of India has ruled that voluntary retirement is a distinct right of employees upon completion of the required years of service, clarifying the process and employer obligations.

Rupee Falls as Investors Await RBI Decision and Monitor US-Iran Standoff

Rupee Falls as Investors Await RBI Decision and Monitor US-Iran Standoff

Rediff.com7 Apr 2026

The Indian rupee weakened against the US dollar due to geopolitical tensions surrounding the Strait of Hormuz and ahead of the Reserve Bank of India's monetary policy review.

Mumbai Businessman Duped Of Crores By Interstate Gang

Mumbai Businessman Duped Of Crores By Interstate Gang

Rediff.com21 Apr 2026

A Mumbai-based businessman was allegedly duped of Rs 3.25 crore by a nine-member inter-state gang promising high investment returns. The gang also allegedly assaulted and threatened the businessman. Police have registered a case and handed it over to the Mumbai Crime Branch for further investigation.

Man Nabbed for Duping Delhi Woman in Job Scam

Man Nabbed for Duping Delhi Woman in Job Scam

Rediff.com4 Apr 2026

A 28-year-old man from Ghaziabad has been arrested for allegedly defrauding a Delhi woman of over Rs 1.51 lakh under the guise of a job application scam.

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Hazaribag SP Office Treasury Scam: Arrests Increase, Embezzlement Reaches Rs 28 Crore

Rediff.com10 Apr 2026

The Hazaribag Superintendent of Police (SP) Office treasury scam has widened, with more arrests made and the embezzlement amount increasing to Rs 28 crore. The investigation is ongoing, with teams sent to Bihar to trace the money trail and assets acquired through the scam.

Life Sentence For Killer Of Indian Student Kartik Vasudev

Life Sentence For Killer Of Indian Student Kartik Vasudev

Rediff.com21 Apr 2026

A court in Toronto has sentenced a man to life imprisonment for the murder of Indian student Kartik Vasudev, rejecting his plea of not being criminally responsible due to a mental disorder.

Quite possible that rates will remain low in the near to medium term, says RBI Governor

"Quite possible that rates will remain low in the near to medium term," says RBI Governor

Rediff.com9 Apr 2026

"It is quite possible that the rates will remain low in the near to medium term, but that will depend on how conditions evolve," said RBI Governor Sanjay Malhotra.

NBFCs see rise in early-stage delinquencies from MSMEs due to West Asia war

NBFCs see rise in early-stage delinquencies from MSMEs due to West Asia war

Rediff.com15 Apr 2026

Several non-banking financial companies (NBFCs) are observing an increase in early-stage delinquencies within their micro, small and medium enterprises (MSME) loan portfolios, primarily driven by supply chain disruptions and escalating raw material costs exacerbated by the ongoing conflict in West Asia.

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.

'Betrayed again': Modi accuses TMC of denying Bengal women 33% quota

'Betrayed again': Modi accuses TMC of denying Bengal women 33% quota

Rediff.com19 Apr 2026

Prime Minister Narendra Modi has accused the Trinamool Congress (TMC) of betraying women by obstructing the passage of the Constitution (131st Amendment) Bill, 2026, which aimed to reserve 33 per cent of seats in Parliament and state assemblies for women. Modi asserted that women in West Bengal would punish the TMC in the upcoming assembly elections.

Stock Gains Vs Loss: What Gets Taxed?

Stock Gains Vs Loss: What Gets Taxed?

Rediff.com24 Apr 2026

rediffGURU T S Khurana answers readers' personal income tax queries

Stock markets end higher; ITC, banks lead recovery

Stock markets end higher; ITC, banks lead recovery

Rediff.com6 Feb 2026

Stock markets closed higher on Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.

Tata Sons IPO Buzz Grows Amid Trust Rift

Tata Sons IPO Buzz Grows Amid Trust Rift

Rediff.com17 Apr 2026

If Tata Sons is listed, the special veto rights of Tata Trusts, under Article 121A, may have to go away.

Reliance Executives in ED Custody Over Alleged Loan Fraud

Reliance Executives in ED Custody Over Alleged Loan Fraud

Rediff.com16 Apr 2026

A Delhi court has remanded former senior executives of Reliance Anil Ambani Group (RAAG) to five days of ED custody in connection with an alleged bank loan fraud-linked money laundering case.

J-K Intensifies Crackdown on Drug Trafficking with Strict Punitive Measures

J-K Intensifies Crackdown on Drug Trafficking with Strict Punitive Measures

Rediff.com11 Apr 2026

Lieutenant Governor Manoj Sinha announced strict measures to combat drug trafficking in Jammu and Kashmir, including property confiscation and document revocation.

Mumbai Student Arrested for Alleged Drug Supply at Goregaon Music Concert

Mumbai Student Arrested for Alleged Drug Supply at Goregaon Music Concert

Rediff.com16 Apr 2026

A 22-year-old student has been arrested in Mumbai for allegedly supplying drugs at a music concert in Goregaon, following the deaths of two people from suspected drug overdoses.

Businessman Duped Of 3.25 Crore In Mumbai: Details Revealed

Businessman Duped Of 3.25 Crore In Mumbai: Details Revealed

Rediff.com21 Apr 2026

A Mumbai-based businessman was allegedly duped of 3.25 crore by a nine-member inter-state criminal gang in a cheating and extortion case. The gang, which included members from Mumbai, Odisha, Bihar, and Jharkhand, also allegedly assaulted and threatened the businessman.

Sensex, Nifty Recover to Close Higher Amidst Rupee Rebound

Sensex, Nifty Recover to Close Higher Amidst Rupee Rebound

Rediff.com2 Apr 2026

Indian stock markets recovered from early losses to close higher, driven by value buying in IT and banking shares and a rebound in the rupee.

Realme Narzo 100 Lite 5G Debuts In India With 7,000 mAh

Realme Narzo 100 Lite 5G Debuts In India With 7,000 mAh

Rediff.com17 Apr 2026

The Realme Narzo 100 Lite 5G arrives April 21.

Enforcement Directorate Asks Court to Rule on Discharge Applications in MSCB Scam

Enforcement Directorate Asks Court to Rule on Discharge Applications in MSCB Scam

Rediff.com7 Apr 2026

The Enforcement Directorate has requested a Mumbai court to decide on the discharge applications of Rohit Pawar and others in the alleged Maharashtra State Co-operative Bank (MSCB) scam, following the acceptance of a closure report in a related case.

Samrat Choudhary's govt wins trust vote in Bihar assembly

Samrat Choudhary's govt wins trust vote in Bihar assembly

Rediff.com24 Apr 2026

The BJP-led government in Bihar secured a vote of confidence in the state assembly, with Chief Minister Samrat Choudhary pledging economic development and significant investments. The motion was passed amidst heated debates and accusations between the ruling NDA and the opposition, highlighting political tensions and differing views on issues like women's reservation.

Allahabad HC Grants Bail to Businessman in Rotomac 'Scam' Case

Allahabad HC Grants Bail to Businessman in Rotomac 'Scam' Case

Rediff.com8 Apr 2026

The Allahabad High Court has granted bail to businessman Rajesh Bothra in connection with the Rotomac 'scam', citing the likelihood of a prolonged trial.

RBI looks to ban sales incentive to bank staffers from third party

RBI looks to ban sales incentive to bank staffers from third party

Rediff.com12 Feb 2026

In a move aimed at curbing the mis-selling of financial products, the Reserve Bank of India (RBI) has proposed banning incentives paid to bank staffers by third parties such as insurance companies and mutual fund houses for selling their products and services. It has also proposed that banks must ensure their user interfaces do not deploy "dark patterns" to lure customers.

Markets rally over 1% as US-Iran peace talks hopes drive crude oil below $100

Markets rally over 1% as US-Iran peace talks hopes drive crude oil below $100

Rediff.com15 Apr 2026

Indian benchmark stock indices, Sensex and Nifty, surged over 1 per cent, driven by optimism surrounding potential US-Iran peace talks and a significant drop in crude oil prices below the USD 100 per barrel mark. This de-escalation in geopolitical concerns and easing inflation pressures provided a substantial boost to investor sentiment.

How to handle pressure in the IPL: Tim David has the answers

How to handle pressure in the IPL: Tim David has the answers

Rediff.com23 Apr 2026

Tim David discusses the challenges of being a finisher in T20 cricket and how he manages pressure in the IPL. He credits the top-order batsmen for making his job easier and emphasises the importance of practice and adapting to different bowling styles, particularly spin.

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Rediff.com22 Apr 2026

Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.

Sensex up 174 points on gains in bank, IT stocks

Sensex up 174 points on gains in bank, IT stocks

Rediff.com17 Feb 2026

Stock markets closed higher for the second straight session on Tuesday, driven by gains in bank, IT and capital goods shares.

Paytm Shifts to Majority Indian Ownership Amidst Rising Investor Confidence

Paytm Shifts to Majority Indian Ownership Amidst Rising Investor Confidence

Rediff.com14 Apr 2026

One 97 Communications Ltd, operating under the Paytm brand, has transitioned to a majority Indian-owned and controlled company, reflecting increased domestic investor confidence and improved financial performance.

Iran's Araghchi lands in Islamabad for second round of talks with US

Iran's Araghchi lands in Islamabad for second round of talks with US

Rediff.com25 Apr 2026

An Iranian delegation, led by Foreign Minister Abbas Araghchi, is expected to arrive in Islamabad for the second round of peace talks with the US, according to Pakistani media reports. This follows a phone call between Deputy Prime Minister Ishaq Dar and Araghchi regarding the US-Iran ceasefire and Pakistan's diplomatic efforts.

Can Rs 1.15 Cr Corpus Fund Rs 2 Lakh Monthly?

Can Rs 1.15 Cr Corpus Fund Rs 2 Lakh Monthly?

Rediff.com14 Apr 2026

Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.

Congress MLA Rajendra Bharti Found Guilty in Cheating Case

Congress MLA Rajendra Bharti Found Guilty in Cheating Case

Rediff.com1 Apr 2026

A Delhi court has convicted Congress MLA Rajendra Bharti in a cheating case involving forgery of bank documents and conspiracy to defraud a bank.

Amit Shah Focuses on Infiltration Issue in West Bengal Poll Campaign

Amit Shah Focuses on Infiltration Issue in West Bengal Poll Campaign

Rediff.com13 Apr 2026

Union Home Minister Amit Shah asserts the BJP will form a government in West Bengal and address the issue of infiltration, accusing Mamata Banerjee of allowing it for vote-bank politics.

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.