News for 'banking'

World Bank flags how India failed to rein in debt in several states

World Bank flags how India failed to rein in debt in several states

Rediff.com5 Feb 2026

India's state-level fiscal rules have improved headline deficits, but the gains are fragile and uneven with major states still grappling with high debt levels, a World Bank report submitted to the 16th Finance Commission (FC) said. According to the report, despite nearly two decades of adoption of fiscal responsibility laws (FRLs), debt levels have not converged.

Bengaluru EV Dealers Arrested for Subsidy Scam

Bengaluru EV Dealers Arrested for Subsidy Scam

Rediff.com1 hour ago

Two men in Bengaluru have been arrested for allegedly defrauding people by offering electric vehicles at subsidised rates under a fake central government scheme.

Ashwini Vaishnaw: BJP to End TMC's 15-Year Rule in West Bengal

Ashwini Vaishnaw: BJP to End TMC's 15-Year Rule in West Bengal

Rediff.com6 days ago

Railway Minister Ashwini Vaishnaw asserted that the BJP will form the government in West Bengal after the upcoming assembly elections, ending the Trinamool Congress's 15-year rule. He criticised the TMC for vote-bank politics, hindering development, and failing to protect women, while promising unprecedented development under a BJP government.

Giriraj Singh Accuses Mamata Banerjee of Protecting Infiltrators

Giriraj Singh Accuses Mamata Banerjee of Protecting Infiltrators

Rediff.com6 Mar 2026

Union Minister Giriraj Singh has accused West Bengal Chief Minister Mamata Banerjee of protecting infiltrators from the Muslim community for political gain. He also alleged corruption and economic decline under the TMC government.

Udupi Excise Deputy Commissioner Under Investigation for Alleged Disproportionate Assets

Udupi Excise Deputy Commissioner Under Investigation for Alleged Disproportionate Assets

Rediff.com18 hours ago

Karnataka Lokayukta police have registered a disproportionate assets case against Udupi Excise Deputy Commissioner T M Srinivas after searches at multiple locations allegedly revealed assets worth Rs 8.69 crore beyond his known sources of income.

These Cyber Scams Are Happening Around You

These Cyber Scams Are Happening Around You

Rediff.com5 Mar 2026

Cyber threats aren't always invisible -- sometimes they're right beside you.

'Even China...': BJP slams Congress for blindly backing Iran

'Even China...': BJP slams Congress for blindly backing Iran

Rediff.com5 Mar 2026

The BJP has criticised the Congress party for allegedly prioritising its vote bank and outdated ideologies over India's national interest and citizen safety in its foreign policy approach towards Iran.

Oil surges over 25% to $116.5 per barrel

Oil surges over 25% to $116.5 per barrel

Rediff.com5 days ago

Brent crude prices surged sharply on Monday, rising by more than 25 per cent to $116.5 per barrel, amid the ongoing conflict in West Asia, which has made crude prices bullish.

Bengal polls: CEC warns of action over law and order lapses

Bengal polls: CEC warns of action over law and order lapses

Rediff.com4 days ago

The Election Commission has warned against any lapses in maintaining law and order ahead of the West Bengal Assembly elections, questioning the absence of a Narcotics Advisory Committee in the state and directing strict monitoring of financial transactions.

Delhi Police Arrests 27 in Pan-India Cyber Fraud Operation

Delhi Police Arrests 27 in Pan-India Cyber Fraud Operation

Rediff.com1 Mar 2026

Delhi Police arrested 27 individuals across 11 states for involvement in cyber fraud cases exceeding Rs 1.5 crore, uncovering a network engaged in various scams including investment fraud and social media impersonation.

Delhi Police Arrest Serial Burglar 'Doremon' and Accomplice

Delhi Police Arrest Serial Burglar 'Doremon' and Accomplice

Rediff.com22 hours ago

Delhi Police have arrested a serial burglar nicknamed 'Doremon' and his associate, solving 11 criminal cases in the process. The burglar, known for his unique method of identifying targets, was caught with stolen property and a weapon.

Mumbai Legislature Complex Searched After Bomb Threat Email

Mumbai Legislature Complex Searched After Bomb Threat Email

Rediff.com1 days ago

An email threatening missile and bomb attacks on the Maharashtra Vidhan Bhavan and other key locations in Mumbai prompted a security alert and extensive searches.

Court Issues Notices to Nirav Modi's Brothers in PNB Scam

Court Issues Notices to Nirav Modi's Brothers in PNB Scam

Rediff.com5 Mar 2026

A special court in Mumbai has issued notices to Nirav Modi's brothers, Neeshal and Nehal Modi, asking them to explain why they should not be declared fugitive economic offenders in the Punjab National Bank scam.

'Doremon' Burglar Arrested in Delhi with Stolen Goods

'Doremon' Burglar Arrested in Delhi with Stolen Goods

Rediff.com1 days ago

Delhi Police have arrested a serial burglar nicknamed 'Doremon' and his associate, solving 11 criminal cases. The burglar was known for his unique lurking style and mimicking the cartoon character Doraemon.

IIT Student Arrested for Aiding Cyber Fraud

IIT Student Arrested for Aiding Cyber Fraud

Rediff.com28 Feb 2026

Gurugram police arrested three men, including an IIT student, for allegedly working with foreign-based cyber fraudsters, providing bank accounts and handling transactions for a commission.

Indian critically injured in Iranian missile attack in Israel

Indian critically injured in Iranian missile attack in Israel

Rediff.com4 days ago

An Indian national in Israel was injured by shrapnel from an Iranian missile and is currently in stable condition after undergoing surgery. The Indian Embassy is monitoring the situation.

Delhi Police Arrest Two Members of 'Takkar Gang' for Snatching Cash

Delhi Police Arrest Two Members of 'Takkar Gang' for Snatching Cash

Rediff.com1 days ago

Delhi Police have arrested two members of the 'Takkar Gang' who used distraction techniques to steal cash and valuables from pedestrians in the Paschim Vihar area.

Why Samson trade could be 'blockbuster' for CSK

Why Samson trade could be 'blockbuster' for CSK

Rediff.com21 hours ago

Piyush Chawla and Irfan Pathan say Sanju Samson could transform Chennai Super Kings in the IPL 2026 season as the team aims for a record sixth title under captain Ruturaj Gaikwad.

Positive biz outlook nudges banks to hire for sales growth

Positive biz outlook nudges banks to hire for sales growth

Rediff.com16 Jan 2026

Banks are witnessing a surge in hiring for sales staff in secured segments such as home, vehicle and gold loans as compared to the recovery category, driven by a boost in business growth, and a host of regulatory measures aimed at improving ease of doing business, according to industry experts.

ED Searches Reliance Power Premises in Mumbai, Hyderabad

ED Searches Reliance Power Premises in Mumbai, Hyderabad

Rediff.com6 Mar 2026

The Enforcement Directorate conducted searches at multiple locations in Mumbai and Hyderabad as part of an investigation against Reliance Power Ltd., a group company of Anil Ambani, concerning alleged money laundering and financial irregularities.

Long-Serving Domestic Help Arrested for Theft from Elderly Employers

Long-Serving Domestic Help Arrested for Theft from Elderly Employers

Rediff.com1 days ago

A 55-year-old domestic help in Bengaluru has been arrested for allegedly stealing gold jewellery and cash worth Rs 16 lakh (16,000) from the house of an elderly couple she worked for over two decades.

Woman Claims Illegal Transactions in Her Name

Woman Claims Illegal Transactions in Her Name

Rediff.com27 Feb 2026

A woman in Dombivali, Thane district, claims unauthorized transactions of 2.6 crore occurred in bank accounts opened in her name, potentially linked to a scam originating in Uttarakhand.

Himachal Pradesh: Five arrested for assault, forcing man to transfer money via UPI

Himachal Pradesh: Five arrested for assault, forcing man to transfer money via UPI

Rediff.com2 Mar 2026

Police in Himachal Pradesh have arrested five individuals for allegedly assaulting a man and forcing him to transfer money via UPI.

Meerut Man Fakes Son's Kidnapping Over Gaming Debt

Meerut Man Fakes Son's Kidnapping Over Gaming Debt

Rediff.com2 days ago

A man in Meerut, India, allegedly staged the kidnapping of his 15-year-old son and demanded a ransom to pay off debts accumulated through online gaming. He has been arrested and the boy is safe.

Insurance Fraud Gang Busted in Dungarpur

Insurance Fraud Gang Busted in Dungarpur

Rediff.com27 Feb 2026

Dungarpur Police have arrested three individuals involved in an organized gang allegedly siphoning money from life insurance policies using forged documents, with the fraud involving approximately Rs 58 lakh.

How a Kerala MLA Uncovered a Cyber Fraud Attempt Linking Her to Terrorism

How a Kerala MLA Uncovered a Cyber Fraud Attempt Linking Her to Terrorism

Rediff.com7 days ago

A Kerala MLA, K Shantakumari, was targeted by a cyber fraud gang impersonating Anti-Terrorism Squad officers, who claimed she was linked to a bomb blast case. She reported the incident to the cyber cell after uncovering their deception.

Main Contractor Arrested After Motorcyclist's Death in Unsecured Pit

Main Contractor Arrested After Motorcyclist's Death in Unsecured Pit

Rediff.com4 days ago

Delhi Police have arrested the main contractor responsible for an unsecured sewage pit in Janakpuri, which led to the death of a 25-year-old motorcyclist last month.

How Jaipur Police Recovered and Returned Overpaid Taxi Fare to Tourist

How Jaipur Police Recovered and Returned Overpaid Taxi Fare to Tourist

Rediff.com3 days ago

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.

NCP (SP) MLA Rohit Pawar Files Discharge Plea in MSCB Scam Case

NCP (SP) MLA Rohit Pawar Files Discharge Plea in MSCB Scam Case

Rediff.com7 days ago

NCP (SP) MLA Rohit Pawar has filed a discharge application in connection with the Maharashtra State Co-operative Bank (MSCB) 'scam' case, claiming the predicate offence has been closed and no money laundering case is made out.

Delhi Collection Agent Robbed at Gunpoint: Police Launch Manhunt

Delhi Collection Agent Robbed at Gunpoint: Police Launch Manhunt

Rediff.com6 days ago

A 27-year-old collection agent was robbed of cash by four men on motorcycles in northeast Delhi's Khajuri Khas area, according to police reports.

Cyber Fraudster Nabbed for Rs 6 Lakh KYC Scam in Delhi

Cyber Fraudster Nabbed for Rs 6 Lakh KYC Scam in Delhi

Rediff.com27 Feb 2026

Delhi Police arrested a 30-year-old cyber fraudster from Jharkhand for allegedly duping a Delhi resident of Rs 6 lakh under the guise of KYC verification. The accused, Bimal Rabidas, confessed to the crime and was found to be involved in similar cases across multiple states.

Kanpur Police Bust Robbery, Expose Crores-Worth Hawala Racket

Kanpur Police Bust Robbery, Expose Crores-Worth Hawala Racket

Rediff.com27 Feb 2026

Kanpur Police solved a robbery case leading to the discovery of a large hawala network. Six people were arrested, and investigations are ongoing to uncover the full extent of the illegal financial activities.

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

Rice exporters seek urgent relief as Iran crisis disrupts exports, shipping

Rediff.com5 Mar 2026

Indian rice exporters are seeking urgent government support to mitigate the impact of shipping disruptions caused by the Iran crisis and instability in key maritime routes. The disruptions have led to increased freight rates, insurance premiums, and fuel costs, impacting domestic prices and exporter profitability.

Three Arrested in Cyber Fraud Case Involving Rs 82 Crore

Three Arrested in Cyber Fraud Case Involving Rs 82 Crore

Rediff.com28 Feb 2026

Three individuals have been arrested in Shivamogga, Karnataka, in connection with a nationwide cyber fraud operation involving over Rs 82 crore and 352 registered complaints.

India's forex reserves drop $2.1 bn to $723.6 bn

India's forex reserves drop $2.1 bn to $723.6 bn

Rediff.com27 Feb 2026

India's forex reserves decreased by $2.119 billion to $723.608 billion during the week ended February 20, according to the RBI.

Mumbai Legislature Targeted: Bomb Threat Sparks Security Alert

Mumbai Legislature Targeted: Bomb Threat Sparks Security Alert

Rediff.com2 days ago

An email threatening missile and bomb attacks on the Maharashtra Vidhan Bhavan and other key locations in Mumbai triggered a security alert, prompting extensive searches and heightened security measures.

Realme Narzo Power 5G Arrives With A 10,001mAh Battery

Realme Narzo Power 5G Arrives With A 10,001mAh Battery

Rediff.com5 days ago

Realme has introduced its new Realme Narzo Power 5G handset in the Indian market, highlighted by an enormous 10,001mAh power unit.

Deposit Rate Cuts Tough For Banks As Govt Retains Small Savings Rates

Deposit Rate Cuts Tough For Banks As Govt Retains Small Savings Rates

Rediff.com14 Jan 2026

'The government's decision to keep interest rates unchanged on small savings schemes will certainly constrain banks' ability to cut deposit rates further.'

Sensex gains 480 points as investors cheer US SC tariff verdict

Sensex gains 480 points as investors cheer US SC tariff verdict

Rediff.com23 Feb 2026

Indian equity markets closed higher, driven by gains in PSU bank, auto, and financial stocks, following the US Supreme Court's decision on tariffs. Sensex climbed 479.95 points to 83,294.66, and Nifty advanced 141.75 points to 25,713.

Stock markets on March 10, 2026: Sensex jumped 640 points

Stock markets on March 10, 2026: Sensex jumped 640 points

Rediff.com3 days ago

Indian stock market benchmarks Sensex and Nifty rebounded strongly after a two-day decline, driven by falling crude oil prices and positive global cues amid hopes of de-escalation in the Middle East.