News for 'financial systems'

How RBI Plans To Protect Your Money From Scams

How RBI Plans To Protect Your Money From Scams

Rediff.com16 Apr 2026

The proposed solution is a one-hour delay for digital transactions exceeding Rs 10,000, particularly when the transfer is made to a new or unverified beneficiary. The idea is simple -- give users a window to reconsider, detect fraud or alert their bank before the funds are irretrievably transferred.

Roads can't be blocked for religious activities: SC

Roads can't be blocked for religious activities: SC

Rediff.com28 Apr 2026

The Supreme Court has stated that roads cannot be blocked for religious activities and that while religious denominations have autonomy in worship, the government can interfere if secular activities are affected.

Cyber Fraudsters Swindle Navi Mumbai Senior Citizen Of 64 Lakh

Cyber Fraudsters Swindle Navi Mumbai Senior Citizen Of 64 Lakh

Rediff.com26 Apr 2026

A senior citizen in Navi Mumbai was allegedly swindled of 64 lakh over four years by cyber fraudsters posing as insurance regulators and grievance officials.

Automation nudges banks towards leaner workforce

Automation nudges banks towards leaner workforce

Rediff.com28 Apr 2026

Major Indian banks, including Axis Bank, HDFC Bank, and RBL Bank, have reported a decline in employee headcount in FY26, attributing the reductions to significant investments in technology and automation yielding productivity gains across operations.

How Pak Lashkar terrorist 'Khargosh' fled to Saudi on fake Indian passport

How Pak Lashkar terrorist 'Khargosh' fled to Saudi on fake Indian passport

Rediff.com19 Apr 2026

Lashkar-e-Taiba terrorist Umer Harris, also known as 'Khargosh', is believed to be in Saudi Arabia after escaping India using a forged passport. An investigation into the inter-state LeT terror module has exposed systemic loopholes and raised concerns about passport issuance processes.

Amid US blockade of Hormuz, India emphasises safe maritime passage

Amid US blockade of Hormuz, India emphasises safe maritime passage

Rediff.com16 Apr 2026

External Affairs Minister S Jaishankar has emphasised India's commitment to safe maritime transit and condemned attacks on merchant shipping amidst the ongoing West Asia conflict and global energy market disruptions.

Narcotics ring busted, cocaine worth Rs 1,745 cr seized in Mumbai: Amit Shah

Narcotics ring busted, cocaine worth Rs 1,745 cr seized in Mumbai: Amit Shah

Rediff.com1 May 2026

The Narcotics Control Bureau (NCB) has busted a major international narcotics ring, seizing 349 kg of high-grade cocaine worth Rs 1,745 crore in Mumbai.

Three Bankers Held In Rs 2,500 Crore Cyber Fraud

Three Bankers Held In Rs 2,500 Crore Cyber Fraud

Rediff.com20 Apr 2026

Three officials from leading private banks have been arrested for their alleged involvement in a Rs 2,500-crore cyber fraud racket in Gujarat's Rajkot district, bringing the total number of arrests in the case to 20.

Delhi High Court Upholds AITA Elections Under Supervision

Delhi High Court Upholds AITA Elections Under Supervision

Rediff.com27 Apr 2026

The Delhi High Court has validated the All India Tennis Association (AITA) elections held in September 2024, but stipulated that the elected body will operate as an interim arrangement under the supervision of a court-appointed Administrator.

NPS Investors: Pick Fund Managers Wisely

NPS Investors: Pick Fund Managers Wisely

Rediff.com28 Apr 2026

Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.

Why did Kharat's account see transaction spike on Jan 27, 28? Rohit Pawar asks

Why did Kharat's account see transaction spike on Jan 27, 28? Rohit Pawar asks

Rediff.com29 Apr 2026

NCP (SP) MLA Rohit Pawar has alleged a link between a godman and the fatal plane crash involving his uncle, Ajit Pawar, and has demanded a CID interrogation.

Iranian supertanker bypasses US Navy blockade

Iranian supertanker bypasses US Navy blockade

Rediff.com3 May 2026

An Iranian tanker successfully bypassed the US Navy to deliver crude oil to the Asia-Pacific region, despite ongoing tensions and a US blockade.

Must-Learn Leadership Lessons From HDFC Bank's Aditya Puri

Must-Learn Leadership Lessons From HDFC Bank's Aditya Puri

Rediff.com30 Apr 2026

Aditya Puri is one of the cleanest examples we have, in Indian corporate history, of a leader who understood early that the measure of his work was not what happened while he was in the chair. It was what would keep happening when he was no longer there, says Suresh M K.

Outrage As Odisha Bank Asks Man To Produce Sister's Skeleton

Outrage As Odisha Bank Asks Man To Produce Sister's Skeleton

Rediff.com28 Apr 2026

A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to withdraw her money, sparking widespread condemnation. The bank claims it only requested valid documents, but the incident has raised questions about the treatment of vulnerable customers.

Allahabad HC Slams Advocate For 'Vexatious' Litigation, Imposes 15 Lakh Cost

Allahabad HC Slams Advocate For 'Vexatious' Litigation, Imposes 15 Lakh Cost

Rediff.com26 Apr 2026

The Allahabad High Court dismissed a petition by an advocate seeking quick disposal of a maintenance case against his wife, calling it 'vexatious' and imposed a significant fine for concealing facts and misusing his wife's funds.

'Root Causes Of Infertility Remain Overlooked'

'Root Causes Of Infertility Remain Overlooked'

Rediff.com1 May 2026

'Infertility and reproductive health challenges, much like other chronic conditions, are rising globally.'

Why Odisha Bank Asked Man To Bring Sister's Skeleton

Why Odisha Bank Asked Man To Bring Sister's Skeleton

Rediff.com28 Apr 2026

A tribal man in Odisha was forced to carry his sister's exhumed skeleton to a bank to prove her death and withdraw her money, sparking outrage and prompting government intervention.

'Target is to open 80 branches every year for next few years'

'Target is to open 80 branches every year for next few years'

Rediff.com29 Apr 2026

Best in class asset quality, strong retail granularity, and a sustainable return ratio -- these are the things we will look at, says Yes Bank's new MD and CEO Vinay Tonse.

How AI Will Enhance Crime Tracking and Criminal Profiling in India

How AI Will Enhance Crime Tracking and Criminal Profiling in India

Rediff.com31 Mar 2026

The Indian government is integrating artificial intelligence into the Crime and Criminal Tracking Network & Systems (CCTNS) 2.0 to enhance crime tracking, criminal profiling, and predictive policing across the country.

Cyber Fraud Network Busted In Gujarat, Eight Arrested

Cyber Fraud Network Busted In Gujarat, Eight Arrested

Rediff.com22 Apr 2026

Gujarat police have arrested eight individuals for their alleged involvement in a cyber fraud network that handled transactions worth over Rs 288 crore. The arrests were made as part of 'Operation Mule Hunt 2.0', targeting organised cyber crime.

Rs 85 Lakh Seized, Six Detained At Indo-Nepal Border

Rs 85 Lakh Seized, Six Detained At Indo-Nepal Border

Rediff.com23 Apr 2026

A joint team of police and SSB seized over Rs 85 lakh in Indian and Nepalese currency and detained six persons along the Indo-Nepal border in Bahraich district.

IPL 2026: From Salesman to IPL Finisher: Ferreira Stuns PBKS

IPL 2026: From Salesman to IPL Finisher: Ferreira Stuns PBKS

Rediff.com29 Apr 2026

Rajasthan Royals successfully chased down a 223-run target against Punjab Kings, overcoming their middle-order struggles thanks to key contributions from Donovan Ferreira and Shubham Dubey.

India's Space Plans Hit Funding Snag

India's Space Plans Hit Funding Snag

Rediff.com15 Apr 2026

While India's interplanetary ambitions remain significant, the current pace of financial and technical progress raises questions about whether the 2027-2028 timelines can be met.

Saradha caused by financial system's failure: RBI

Saradha caused by financial system's failure: RBI

Rediff.com2 May 2013

The Saradha Group had been raising deposits from the public with a promise to double the money invested within a short period.

Locals Protest Over Alleged Exploitation Of Girls In Nainital

Locals Protest Over Alleged Exploitation Of Girls In Nainital

Rediff.com21 Apr 2026

Traders and locals in Nainital protest outside Bhimtal Police Station, demanding the arrest of a man accused of exploiting several girls physically and financially by concealing his identity. BJP workers led the demonstration, warning of intensified action if the accused is not arrested promptly. Police have filed an FIR against the accused's mother for allegedly protecting him, and investigations are ongoing.

Nirmala Sitharaman Alleges TMC Government Obstructing Central Welfare Schemes in West Bengal

Nirmala Sitharaman Alleges TMC Government Obstructing Central Welfare Schemes in West Bengal

Rediff.com15 Apr 2026

Union Finance Minister Nirmala Sitharaman has accused the TMC government in West Bengal of preventing the implementation of central welfare schemes, depriving the state's residents of benefits such as Ayushman Bharat and PM Kisan.

Iranian Oil Tanker Changes Course from India to China Amid Payment Concerns

Iranian Oil Tanker Changes Course from India to China Amid Payment Concerns

Rediff.com3 Apr 2026

A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India to China, raising questions about payment issues and the future of India's Iranian oil imports.

UPI Transactions Soar to Record Highs in March

UPI Transactions Soar to Record Highs in March

Rediff.com1 Apr 2026

Unified Payments Interface (UPI) transactions reached a record high in March, driven by festivities and the financial year closure, according to the National Payments Corporation of India (NPCI).

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.

Gaudium IVF Pioneers AI-Powered Infertility Treatment in India

Gaudium IVF Pioneers AI-Powered Infertility Treatment in India

Rediff.com2 Apr 2026

Gaudium IVF and Women Health Limited has introduced artificial intelligence-led infertility treatment in India, integrating advanced embryology tools into routine clinical practice. The AI integration includes systems such as SiD (Sperm Identification Device) and ERICA (Embryo Ranking Intelligent Classification Assistant) to improve precision in key stages of the in-vitro fertilisation (IVF) process.

Gaudium IVF Pioneers AI-Powered Infertility Treatment in India

Gaudium IVF Pioneers AI-Powered Infertility Treatment in India

Rediff.com2 Apr 2026

Gaudium IVF and Women Health Limited has introduced artificial intelligence-led infertility treatment in India, integrating advanced embryology tools into routine clinical practice. The AI integration includes systems such as SiD (Sperm Identification Device) and ERICA (Embryo Ranking Intelligent Classification Assistant) to improve precision in key stages of the in-vitro fertilisation (IVF) process.

Three Bankers Held In Rs 2,500 Crore Gujarat Cyber Fraud

Three Bankers Held In Rs 2,500 Crore Gujarat Cyber Fraud

Rediff.com21 Apr 2026

Three officials from leading private banks have been arrested for their alleged involvement in a Rs 2,500-crore cyber fraud in Gujarat's Rajkot district, bringing the total number of arrests in the case to 20, according to police reports.

HDFC Bank's Q4 Profit Jumps 8%, Cautions on West Asia Conflict for Small Businesses

HDFC Bank's Q4 Profit Jumps 8%, Cautions on West Asia Conflict for Small Businesses

Rediff.com18 Apr 2026

HDFC Bank reported an 8.04 per cent increase in its March quarter consolidated net profit to Rs 20,350.76 crore, but highlighted potential near-term risks for small-business borrowers due to the West Asia conflict. The bank's CEO also addressed the recent resignation of its non-executive chairman and hinted at a potential top-level reorganisation.

West Asia Conflict Deepens India's Economic Challenges

West Asia Conflict Deepens India's Economic Challenges

Rediff.com30 Apr 2026

Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Rediff.com28 Apr 2026

A tribal man in Odisha's Keonjhar district brought the skeleton of his dead sister to a bank to withdraw money deposited in her name after bank officials insisted on the account holder's presence.

Manmohan Singh on financial system

Manmohan Singh on financial system

Rediff.com19 Mar 2007

Excerpts from an address by Prime Minister Manmohan Singh at the roundtable sponsored by The Economist on March 13.

Govt clears Rs 2.38 lakh cr defence push with fresh S-400 deal, 60 aircraft

Govt clears Rs 2.38 lakh cr defence push with fresh S-400 deal, 60 aircraft

Rediff.com28 Mar 2026

The Indian Defence Ministry has approved the procurement of weapons and military hardware worth Rs 2.38 crore, including S-400 missiles and medium transport aircraft, to bolster the Indian Air Force's capabilities.

Chandrasekaran addresses Air India staff, stresses transformation & safety

Chandrasekaran addresses Air India staff, stresses transformation & safety

Rediff.com11 Apr 2026

Tata Sons Chairman N Chandrasekaran addressed Air India employees, acknowledging the airline's challenging phase while reaffirming the Tata Group's commitment to its long-term transformation, focusing on service quality, safety, and operational improvements.

Four Indian Boxers Promoted To TOPS Core Group

Four Indian Boxers Promoted To TOPS Core Group

Rediff.com22 Apr 2026

Four Indian boxers have been promoted to the Target Olympic Podium Scheme (TOPS) Core group following their impressive performances at the 2026 Asian Boxing Elite Championships, while three others have been inducted into the Development group.

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

J-K Education Board to Act Against Schools Hiking Fees Arbitrarily

Rediff.com30 Mar 2026

The Jammu and Kashmir government has directed the JKBOSE to take strict action against private schools found to be arbitrarily increasing fees and violating established regulations.