News for 'deposits'

Government slashes expenditure by Rs 60,000 crore to achieve FY26 fiscal deficit goal

Government slashes expenditure by Rs 60,000 crore to achieve FY26 fiscal deficit goal

Rediff.com19 hours ago

The Indian central government has reduced its total expenditure by approximately 60,000 crore in FY26, below its revised estimate, to successfully achieve the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest data from the Controller General of Accounts (CGA).

Ladakh relaxes liquor curbs, extends sales to 4 more districts

Ladakh relaxes liquor curbs, extends sales to 4 more districts

Rediff.com2 days ago

Ladakh Lieutenant Governor Vinai Kumar Saxena on Sunday approved a new Excise Policy, permitting the sale of hard liquor through retail vends, reducing documents to obtain a licence from 16 to six and extending the liquor availability to four more districts.

SC orders eviction plan for 118 govt servants encroaching on TN's Agasthyamalai

SC orders eviction plan for 118 govt servants encroaching on TN's Agasthyamalai

Rediff.com15 hours ago

The Supreme Court has directed the preparation and implementation of a time-bound eviction plan to address encroachments within the protected areas of the Agasthyamalai ecological landscape in Tamil Nadu, also ordering action against government servants involved.

Bank Frauds Drop, Losses Soar

Bank Frauds Drop, Losses Soar

Rediff.com22 hours ago

The highest number of frauds was reported under the card, Internet, and digital payments categories in FY24 and FY25. 'Advances' accounted for the largest share (85.5 per cent) in FY26.

Raj Thackeray Acquitted In 2008 Railway Exam Assault Case

Raj Thackeray Acquitted In 2008 Railway Exam Assault Case

Rediff.com24 May 2026

A Thane court acquitted Raj Thackeray and others in a 2008 case of alleged assault on Railway Recruitment Board examinees, citing lack of evidence and failure to prove Thackeray's presence or incitement.

The complete Indian investor's guide to every asset class worth knowing in 2026!

The complete Indian investor's guide to every asset class worth knowing in 2026!

Rediff.com2 days ago

Earlier, most investors counted on traditional options like fixed deposits, gold, or property. But in 2026, you will have access to a much wider range of opportunities across different markets and sectors.

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Public Sector Banks clock fourth straight year of profit, hit record Rs 1.98 trillion

Rediff.com20 May 2026

Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.

RBI to roll out risk-based premium model for deposit insurance

RBI to roll out risk-based premium model for deposit insurance

Rediff.com10 Feb 2026

The RBI will now charge banks different deposit insurance fees based on how risky they are, allowing safer banks to pay less premium.

King's College Offers Rs 6.44 Lakh Grant For Indian Students Only

King's College Offers Rs 6.44 Lakh Grant For Indian Students Only

Rediff.com22 May 2026

The University of Gloucestershire is looking for international student-athletes for funded study and training opportunities in the UK.

How Delhi Police Busted Cyber Fraud Impersonating Air Force Officials

How Delhi Police Busted Cyber Fraud Impersonating Air Force Officials

Rediff.com8 May 2026

Delhi Police have dismantled a cyber fraud racket based in Mewat, arresting four individuals for allegedly impersonating Indian Air Force officials and defrauding businessmen using forged documents.

ED raids on Kerala ex-CM Vijayan's homes in CMRL case; violence erupts

ED raids on Kerala ex-CM Vijayan's homes in CMRL case; violence erupts

Rediff.com6 days ago

CPI(M) workers clashed with security personnel outside former Chief Minister Pinarayi Vijayan's residence in Kerala during Enforcement Directorate (ED) searches related to the alleged CMRL monthly payment case involving his daughter.

Thane Resident Loses Lakhs In Forex Trading Scam

Thane Resident Loses Lakhs In Forex Trading Scam

Rediff.com16 May 2026

A Thane resident was defrauded of Rs 93.30 lakh after being enticed into a forex trading scheme by two individuals, who have since been booked by the police.

Delhi Gymkhana seeks alternate land amid takeover row

Delhi Gymkhana seeks alternate land amid takeover row

Rediff.com7 days ago

Delhi Gymkhana Club members call takeover "illegal" and highlight heritage and social value.

Why ED Raided Former Kerala CM Pinarayi Vijayan's Residences

Why ED Raided Former Kerala CM Pinarayi Vijayan's Residences

Rediff.com6 days ago

The Enforcement Directorate conducted searches at the residences of former Kerala chief minister Pinarayi Vijayan and his family members as part of a money laundering probe linked to the CMRL case involving his daughter, Veena Vijayan.

Delhi Man Arrested For Defrauding Paralyzed Brother-In-Law

Delhi Man Arrested For Defrauding Paralyzed Brother-In-Law

Rediff.com23 May 2026

Delhi Police have arrested a 26-year-old man for allegedly siphoning off Rs 1.48 lakh from his paralysed brother-in-law's bank accounts after gaining the family's trust as his caretaker.

Why Was Ex-Minister Sujit Bose Sent To ED Custody?

Why Was Ex-Minister Sujit Bose Sent To ED Custody?

Rediff.com12 May 2026

A city court has remanded former West Bengal minister Sujit Bose to Enforcement Directorate (ED) custody until May 21 in connection with the alleged municipal recruitment scam. Bose, a Trinamool Congress leader, was arrested after questioning and is accused of concealing information and making contradictory statements.

'Biggest Single Danger Is If Remittances Come Down'

'Biggest Single Danger Is If Remittances Come Down'

Rediff.com13 May 2026

'At the first sign of real trouble, that money will move. There will be a run.'

Another Arrest Made In Jharkhand Treasury Scam

Another Arrest Made In Jharkhand Treasury Scam

Rediff.com5 May 2026

The Jharkhand Criminal Investigation Department (CID) has arrested another person in connection with the alleged Hazaribag treasury scam, bringing the total number of arrests to six. The investigation, ordered by the Jharkhand government, focuses on the illegal withdrawal of money from the Hazaribagh Treasury. A Special Investigation Team (SIT) has been formed to handle the case.

Thane School Staff Arrested In Bribery Case

Thane School Staff Arrested In Bribery Case

Rediff.com12 May 2026

The headmistress and two other employees of a private school in Thane, Maharashtra, have been arrested for allegedly demanding and accepting bribes from parents seeking admission for their children.

Andhra Pradesh aims for Rs 50,000 crore investment in rare earth corridor

Andhra Pradesh aims for Rs 50,000 crore investment in rare earth corridor

Rediff.com30 Apr 2026

Andhra Pradesh is spearheading an ambitious initiative to establish a fully integrated beach sand minerals, rare earth, and titanium ecosystem, aiming to attract over 50,000 crore in investments over the next decade. This move is part of India's broader strategy to reduce its reliance on China for strategic minerals and permanent magnets, with the state preparing a comprehensive rare earth policy and planning specialised industrial clusters.

Shraddha Walkar Case: Court Criticises Slow Progress

Shraddha Walkar Case: Court Criticises Slow Progress

Rediff.com19 May 2026

A Delhi court has expressed its dissatisfaction with the slow progress in the Shraddha Walkar murder case, noting significant delays over the past three months. The court urged lawyers to expedite the proceedings after the summer vacation.

Haryana Government Approves CBI Probe Into Bank Fraud Case

Haryana Government Approves CBI Probe Into Bank Fraud Case

Rediff.com16 May 2026

The Haryana government has authorised the CBI to investigate the alleged involvement of five IAS officers in a Rs 590-crore fraud case involving IDFC First Bank. The CBI can now summon the officers for questioning.

ED Conducts Raids In Panchkula Municipal Corp Fraud Case

ED Conducts Raids In Panchkula Municipal Corp Fraud Case

Rediff.com23 Apr 2026

The Enforcement Directorate conducted searches at multiple locations in a money laundering case linked to an alleged Rs 145 crore fraud involving fixed deposits of the Panchkula Municipal Corporation.

Madhya Pradesh Civic Employees Arrested In Bribery Case

Madhya Pradesh Civic Employees Arrested In Bribery Case

Rediff.com29 Apr 2026

Lokayukta police arrested two employees of the Udaipura Municipal Council in Madhya Pradesh for allegedly accepting a bribe of Rs 2 lakh from a private company in exchange for releasing a security deposit and issuing a work-experience certificate.

Nigerian Cyber Fraudster Busted For Posing As US, UK Citizens

Nigerian Cyber Fraudster Busted For Posing As US, UK Citizens

Rediff.com16 May 2026

A Nigerian national was arrested in Delhi by the Uttar Pradesh STF for allegedly creating fake profiles of US and UK citizens on social media and cheating victims on the pretext of sending expensive gifts and foreign currency.

Belagavi Firm Owner Arrested Over Investment Fraud Allegations

Belagavi Firm Owner Arrested Over Investment Fraud Allegations

Rediff.com16 May 2026

The owner of Shivam Associates in Belagavi has been arrested following allegations of multi-crore investment fraud and unregulated financial activities. Authorities are investigating the firm's dealings with thousands of investors.

Haryana Government Approves CBI Probe Into Bank Fraud Case

Haryana Government Approves CBI Probe Into Bank Fraud Case

Rediff.com15 May 2026

The Haryana government has authorised the CBI to investigate the alleged involvement of five IAS officers in a Rs 590-crore fraud case involving IDFC First Bank. The CBI can now summon the officers for questioning.

Odisha man who carried sister's skeleton 'forgives' bank officials

Odisha man who carried sister's skeleton 'forgives' bank officials

Rediff.com3 May 2026

Jeetu Munda, who carried his sister's skeleton to a bank in Odisha to withdraw money, has stated he does not want action taken against the bank officials after they released the funds. He received approximately Rs 15 lakh in donations following the incident.

TVS Venu Group to bolster financial services presence with Jana SFB stake

TVS Venu Group to bolster financial services presence with Jana SFB stake

Rediff.com19 May 2026

TVS Venu Group has agreed to acquire a minority stake of up to 9.9 per cent in Jana Small Finance Bank, including a 4.9 per cent ownership by TVS Motor Company, through a combination of primary issuance of warrants and a secondary purchase.

Ex-Bank Correspondent Arrested For Rs 27 Lakh Fraud In Odisha

Ex-Bank Correspondent Arrested For Rs 27 Lakh Fraud In Odisha

Rediff.com26 Apr 2026

Odisha Police have arrested a former banking correspondent for allegedly misappropriating around Rs 27 lakh of depositors' money in Jajpur district.

CBI Files Chargesheet Against Sequel Buildcon In Homebuyer Fraud Case

CBI Files Chargesheet Against Sequel Buildcon In Homebuyer Fraud Case

Rediff.com11 May 2026

The CBI has filed a chargesheet against Sequel Buildcon Private Limited for allegedly cheating homebuyers and siphoning off funds issued by PNB Housing Finance for a Noida-based project.

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Noida Labour Protest Accused Received Over Rs 1 Crore From Abroad

Rediff.com14 May 2026

Police in Gautam Buddh Nagar claim an accused linked to violent labour protests in Noida received over Rs 1 crore from foreign countries in their personal bank account.

Investment Fraud Racket Busted In Delhi; Three Arrested

Investment Fraud Racket Busted In Delhi; Three Arrested

Rediff.com3 May 2026

Delhi Police have arrested three individuals, including a bank official, for allegedly defrauding a retired government officer of over Rs 45 lakh through a fake trading application.

Why Every Family Needs Health Corpus

Why Every Family Needs Health Corpus

Rediff.com19 May 2026

'Healthcare costs in India rise by 10 to 14% annually, causing treatment costs to double roughly every 5-7 years.'

Five Arrested In Faridabad Over Sextortion Racket

Five Arrested In Faridabad Over Sextortion Racket

Rediff.com9 May 2026

Faridabad police arrested five suspects, including the kingpin, linked to a sextortion racket that allegedly trapped people using fake profiles on social media and online dating platforms before coercing them for money.

Allahabad HC Issues Guidelines For Trials In Absentia

Allahabad HC Issues Guidelines For Trials In Absentia

Rediff.com7 May 2026

The Allahabad High Court has issued a detailed procedure for conducting criminal trials in the absence of proclaimed offenders, as per section 356 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, aiming to ensure speedy justice.

Four Arrested For Duping Woman With England Promise

Four Arrested For Duping Woman With England Promise

Rediff.com21 Apr 2026

Faridabad police have arrested four individuals from Patna for allegedly defrauding a woman of over Rs 2.5 lakh by promising to take her to England. The accused, who operated three accounts used in the cybercrime, are in police custody and being questioned.

Odisha Police Bust IPL Betting Racket, Five Apprehended

Odisha Police Bust IPL Betting Racket, Five Apprehended

Rediff.com3 May 2026

Odisha Police busted an IPL betting racket in Rajgangpur, Sundargarh district, arresting five individuals and seizing cash and frozen funds.

ED Arrests Gameskraft Founders In Money Laundering Probe

ED Arrests Gameskraft Founders In Money Laundering Probe

Rediff.com8 May 2026

The Enforcement Directorate (ED) has arrested three founders of online gaming platform Gameskraft in connection with a money laundering case linked to alleged fraud.

ED Raids Punjab Police DIG, Seizes Crores In Money Laundering Probe

ED Raids Punjab Police DIG, Seizes Crores In Money Laundering Probe

Rediff.com29 Apr 2026

The Enforcement Directorate (ED) has seized Rs 1.4 crore and incriminating documents during raids related to money laundering against suspended Punjab Police DIG H S Bhullar and his associates.