News for 'banking'

Fraudsters Exploit MHADA Scheme, Cheat Thane Residents

Fraudsters Exploit MHADA Scheme, Cheat Thane Residents

Rediff.com30 Mar 2026

Fraudsters in Thane, Maharashtra, allegedly duped 11 residents by promising low-cost housing under a government scheme and forging their credentials to open bank accounts for larger financial transactions.

Iran Continues To Fire Missiles Against Israel, UAE

Iran Continues To Fire Missiles Against Israel, UAE

Rediff.com8 Apr 2026

Israel and the United Arab Emirates both sounded missile alerts early Wednesday, despite Iran and the United States saying they had reached a two-week ceasefire in the war.

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rupee posts biggest annual decline in 14 years, tumbles 9.88% in FY26

Rediff.com30 Mar 2026

The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.

US-Iran talks: First phase concludes, both sides exchange texts

US-Iran talks: First phase concludes, both sides exchange texts

Rediff.com12 Apr 2026

The United States and Iran concluded the first phase of in-person talks in Islamabad, with both delegations exchanging written texts to formalise areas of understanding. The discussions, involving key representatives from both sides, are aimed at reducing tensions and exploring possibilities of a structured understanding.

Govt receives financial bids for IDBI Bank stake sale, says Dipam

Govt receives financial bids for IDBI Bank stake sale, says Dipam

Rediff.com7 Feb 2026

The government on Friday received financial bids for the strategic disinvestment of IDBI Bank, the Department of Investment and Public Asset Management (Dipam) said in an official statement on X.

Panchkula Civic Body Detects Major Discrepancies in Fixed Deposits

Panchkula Civic Body Detects Major Discrepancies in Fixed Deposits

Rediff.com25 Mar 2026

The Panchkula Municipal Corporation has reported discrepancies in its Fixed Deposit Receipts (FDRs) with a private bank, amounting to approximately 150 crore. The matter has been reported to the State Vigilance for further investigation.

Public sector banks' profit grows 18% to record Rs 52,603 cr in Q3

Public sector banks' profit grows 18% to record Rs 52,603 cr in Q3

Rediff.com9 Feb 2026

Led by the country's biggest lender State Bank of India (SBI), public sector banks logged a record cumulative profit of Rs 52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth.

RBI maintains repo rate at 5.25% as global recovery hopes rise post-ceasefire

RBI maintains repo rate at 5.25% as global recovery hopes rise post-ceasefire

Rediff.com8 Apr 2026

The Reserve Bank of India (RBI) has opted to keep its key interest rates unchanged at 5.25%, anticipating a global economic recovery following a ceasefire in the US/Israel-Iran conflict, despite ongoing inflationary pressures and currency fluctuations.

Wholesale Price Inflation Jumps to 3.88% in March Amidst West Asia Crisis

Wholesale Price Inflation Jumps to 3.88% in March Amidst West Asia Crisis

Rediff.com15 Apr 2026

India's wholesale price inflation surged to 3.88 per cent in March, marking the fifth consecutive monthly increase, primarily driven by a sharp rise in crude petroleum, natural gas, and manufactured items amidst the West Asia crisis.

Don't allow...: UP CM amid Noida workers' violence

Don't allow...: UP CM amid Noida workers' violence

Rediff.com15 Apr 2026

Adityanath had earlier referred to a conspiracy angle behind the violence during the protest, which is currently under police investigation.

Congress Demands Probe into Police Links to Maharashtra Call Centre Racket

Congress Demands Probe into Police Links to Maharashtra Call Centre Racket

Rediff.com16 Apr 2026

The Congress party in Maharashtra has accused senior police officials, including an IPS officer, of involvement in a multi-crore bogus call centre racket and is demanding a high-level investigation.

Gulf War: Stocks That Tanked The Most

Gulf War: Stocks That Tanked The Most

Rediff.com14 Apr 2026

West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears.

Nationwide terror module busted; toy car IED plot foiled

Nationwide terror module busted; toy car IED plot foiled

Rediff.com18 Apr 2026

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.

Rajnath Singh Accuses Mamata Banerjee of Misrule and Appeasement in Bengal

Rajnath Singh Accuses Mamata Banerjee of Misrule and Appeasement in Bengal

Rediff.com7 Apr 2026

Defence Minister Rajnath Singh has launched a strong attack on West Bengal Chief Minister Mamata Banerjee, accusing her government of appeasement politics, encouraging illegal immigration for votes, and leading the state into misrule and corruption.

Assam Elections: Who Are the Richest Candidates?

Assam Elections: Who Are the Richest Candidates?

Rediff.com28 Mar 2026

Election affidavits in Assam have unveiled significant financial disparities among key candidates, with some declaring extensive assets, multiple bank accounts, and numerous vehicles, while others report more modest holdings.

RBI Unveils 'Payments Vision 2028' with Focus on Digital Security and Innovation

RBI Unveils 'Payments Vision 2028' with Focus on Digital Security and Innovation

Rediff.com27 Mar 2026

The Reserve Bank of India (RBI) has introduced its 'Payments Vision 2028' document, outlining initiatives to enhance digital payment security, introduce electronic cheques, and expand regulatory oversight to include e-commerce entities.

Bombay High Court Rules PMLA Takes Precedence Over SARFAESI, RDB Acts

Bombay High Court Rules PMLA Takes Precedence Over SARFAESI, RDB Acts

Rediff.com30 Mar 2026

The Bombay High Court has ruled that the Prevention of Money Laundering Act (PMLA) takes precedence over debt recovery laws like SARFAESI and RDB Acts when it comes to the attachment of proceeds of crime.

Jharkhand Officials Arrested in Multi-Million Embezzlement Scheme

Jharkhand Officials Arrested in Multi-Million Embezzlement Scheme

Rediff.com9 Apr 2026

Three treasury employees in Hazaribag, Jharkhand, have been arrested for allegedly embezzling Rs 15.41 crore from government bank accounts over eight years, prompting criticism from the opposition BJP.

Regulatory Tightening, STT Hike Dampen Indian Equities Trading Volumes

Regulatory Tightening, STT Hike Dampen Indian Equities Trading Volumes

Rediff.com3 Apr 2026

Indian equities trading activity saw a moderation in FY26, with cash market turnover declining and derivatives growth remaining subdued due to regulatory tightening and weak market performance. Further impacts are expected from new RBI norms and a hike in Securities Transaction Tax (STT).

Man Arrested for Duping Over 500 Women in Online Romance Scam

Man Arrested for Duping Over 500 Women in Online Romance Scam

Rediff.com16 Apr 2026

A 35-year-old man has been arrested for allegedly defrauding over 500 women across India of more than Rs 2 crore through fake social media and dating app profiles.

Sri Lanka Unveils Economic Relief Plan to Counter West Asia Conflict Impact

Sri Lanka Unveils Economic Relief Plan to Counter West Asia Conflict Impact

Rediff.com7 Apr 2026

Sri Lankan President Anura Kumara Dissanayake has announced an economic relief package to mitigate the impact of the West Asia conflict, including fuel price reductions and support from India for petrol and diesel supplies.

UPI Transactions Surge to Record High: Understanding the Growth Factors

UPI Transactions Surge to Record High: Understanding the Growth Factors

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, driven by increased adoption and global expansion. The system now accounts for 85% of digital transactions in India and is live in eight countries.

UPI Transactions Surge to Record Levels in March

UPI Transactions Surge to Record Levels in March

Rediff.com2 Apr 2026

Unified Payments Interface (UPI) transactions in India reached a record high in March, with 22.64 billion transactions, marking a significant increase from the previous year and highlighting the growing adoption of digital payments.

Mamata Banerjee Claims Central Forces Searched Her Car, Questions BJP Leaders' Exemption

Mamata Banerjee Claims Central Forces Searched Her Car, Questions BJP Leaders' Exemption

Rediff.com15 Apr 2026

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.

Why Mamata Banerjee Accuses BJP Of 'Breaking India'

Why Mamata Banerjee Accuses BJP Of 'Breaking India'

Rediff.com17 Apr 2026

West Bengal Chief Minister Mamata Banerjee has accused the BJP-led central government of using the proposed amendment to the women's quota law as a front for the Delimitation Bill, which she claims will divide the country. She asserted that her party will fight this move at every step.

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

CII seeks fiscal support, credit lines for industries hit by West Asia conflict

Rediff.com6 Apr 2026

The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.

Revealed! Nirmalaji's 'Dharam Sankat'...

Revealed! Nirmalaji's 'Dharam Sankat'...

Rediff.com7 Apr 2026

'Whether you will bring this down and cause hurt to senior citizens, who are probably living on that little interest rate that they earn out of it... But equally, if I just look at the kitty of the National Small Savings Fund, it is from that same kitty that I'm borrowing.'

Kerala's LDF Accuses UDF Candidate of Bribery in Kuttanad Assembly Election

Kerala's LDF Accuses UDF Candidate of Bribery in Kuttanad Assembly Election

Rediff.com12 Apr 2026

The LDF has filed a complaint with the Election Commission alleging that UDF candidate Reji Cheriyan engaged in cash-for-vote practices during the Kuttanad Assembly election campaign.

Stock Market Today: Sensex, Nifty50 Dip on High Crude Price

Stock Market Today: Sensex, Nifty50 Dip on High Crude Price

Rediff.com6 Apr 2026

Indian equities on Dalal Street declined in early trade on Monday as crude oil prices climbed amid fears of further escalation in the West Asia the war. Track Sensex, Nifty50 movement and key market drivers for Apr 6, 2026.

Hyderabad Duo Arrested in Connection with Belagavi 'Digital Arrest' Scam

Hyderabad Duo Arrested in Connection with Belagavi 'Digital Arrest' Scam

Rediff.com11 Apr 2026

Two individuals from Hyderabad have been arrested in connection with a 'digital arrest' scam in Belagavi, where an 81-year-old businessman was defrauded of over Rs 15 crore.

Sensex Crashes 1,400 Points, Nifty Near 22,250: Trump-Iran Tensions Trigger Market Selloff

Sensex Crashes 1,400 Points, Nifty Near 22,250: Trump-Iran Tensions Trigger Market Selloff

Rediff.com2 Apr 2026

Sensex plunges over 1,400 points and Nifty slips near 22,250 amid Trump's Iran threat, rising crude oil prices, and FII selling. Here are the key reasons behind today's market crash.

Major Drug Bust: Jharkhand Police Recover Narcotics Worth 2.55 Crore

Major Drug Bust: Jharkhand Police Recover Narcotics Worth 2.55 Crore

Rediff.com11 Apr 2026

Jharkhand police seized narcotics worth Rs 2.55 crore from Palamu and Chatra districts, arresting two individuals and conducting raids to apprehend further suspects.

Amit Shah Promises to Recover 'Stolen' Funds, Boost North Bengal Development

Amit Shah Promises to Recover 'Stolen' Funds, Boost North Bengal Development

Rediff.com15 Apr 2026

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.

Stock Market Today: Sensex, Nifty50 decline 2% on rising tensions in West Asia

Stock Market Today: Sensex, Nifty50 decline 2% on rising tensions in West Asia

Rediff.com2 Apr 2026

Indian equities on Dalal Street saw volatility as global market trends and fresh tariff concerns linked to Donald Trump impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for April 2, 2026.

Actor-politician Vijay discloses 603 crore in assets ahead of Tamil Nadu polls

Actor-politician Vijay discloses 603 crore in assets ahead of Tamil Nadu polls

Rediff.com31 Mar 2026

TVK chief Vijay declared assets worth 603.20 crore in his election affidavit, including luxury cars and significant bank deposits, ahead of the Tamil Nadu Assembly polls.

Markets bleed; Sensex tumbles 1,236 pts on selling in RIL, HDFC Bank

Markets bleed; Sensex tumbles 1,236 pts on selling in RIL, HDFC Bank

Rediff.com19 Feb 2026

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.

'FY27 Presents Clear Runway For Earnings Improvement'

'FY27 Presents Clear Runway For Earnings Improvement'

Rediff.com16 Apr 2026

'In investing, poor sentiment is always a good vintage to build a portfolio.'

Massive Turnout for PNB Soldierathon 2026 Honours Armed Forces

Massive Turnout for PNB Soldierathon 2026 Honours Armed Forces

Rediff.com5 Apr 2026

Over 27,000 people participated in the PNB 'Soldierathon 2026', commemorating 'Operation Sindoor' and honouring the Indian armed forces. The event, organised in association with the Indian armed forces, featured half marathons and 10 km runs.

CBDT Urged to Issue Master Circular

CBDT Urged to Issue Master Circular

Rediff.com13 Apr 2026

'In practical terms, a Master Circular is not merely desirable; it is a necessary transition tool to ensure that the promise of simplification under the Income-Tax Act, 2025, is fully realised.'

India Inc hits pause on factory expansion in March

India Inc hits pause on factory expansion in March

Rediff.com10 Apr 2026

India's new manufacturing project announcements more than halved in the fourth quarter of FY26, falling 60 per cent sequentially and 78 per cent year-on-year to approximately 1.7 trillion, driven by global uncertainties, geopolitical conflicts in West Asia, and existing unutilised manufacturing capacity.