Sixteen people, including two gold appraisers, have been booked for allegedly securing loans worth lakhs of rupees against counterfeit gold from a bank in Prayagraj.
Customs officials at Delhi's Indira Gandhi International Airport have thwarted two separate gold smuggling attempts, seizing over 3.17 kg of gold worth approximately Rs 4.35 crore and arresting three foreign nationals.
The Reserve Bank of India's (RBI's) draft guidelines on gold loans, if implemented in their current form, are expected to impact non-banking financial companies (NBFCs) and mid-tier banks in the near term, more significantly than larger banks, according to analysts.
The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
The Delhi High Court has directed Customs officials to ensure that old and personal jewellery of travellers, including ornaments being worn by them during travel, are not unnecessarily detained at airports and they are not harassed. The court was hearing a batch of more than 30 petitions raising issues on the procedure for detention of goods belonging to the tourists travelling to India, of both Indian and foreign origin, by the Customs department.
The Mission Olympic Cell is also considering higher incentives for retired Olympians and world-class players who want to take up coaching, in an effort to retain top talent within India.
Officials were surprised at how quickly smugglers appraised the Covid situation to recruit jobless migrant workers to ship gold.
Kurumbur in gold-loving Tamil Nadu was once a thriving centre for goldsmiths. Today their number is down to two.
The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 percentage points. The new regulations, however, will not be applicable on housing loans, education loans, vehicle loans and loans secured by gold and gold jewellery, the Reserve Bank said in a circular.
The last two I-T teams left the premises, one each in Odisha and Jharkhand, carrying with them a number of seized "incriminating documents" and data cloned from electronic gadgets in the early morning hours.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
On October 18, the tax department had said searches had led to detection of undisclosed income of more than Rs 500 crore in addition to Rs 93 crore worth seizures, including gold jewellery and diamonds. A revised appraisal of such seizures now pegs its value at Rs 106 crore which includes cash (Rs 45 crore), gold jewellery and diamonds (Rs 41 crore) and foreign currency Rs 20 crore.
For now, the concerns over bad loans have taken a back seat; a bigger challenge for the banking community is credit growth, explains Tamal Bandyopadhyay.
'No other leader in our history, or that of our neighbours, has been able to produce anything of the quality that Nehru did,' says Aakar Patel.
'For the film-maker, as for the photographer, barbershops with their many moments of interest -- wall-to-wall mirrors, shiny accoutrements, beaded curtains -- provide ample scope for mis-en-scene,' says Ranjita Ganesan.
Satyanarayana, who has coached Rio Paralympics gold medallist Mariyappan Thangavelu, has been dropped from the list of this year's Dronacharya awardees due to a criminal case pending against him before the Chief Metropolitan Magistrate at Saket in Delhi.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Also build a contingency fund equal to 9 to 12 months of expenses.
The rules seem to show he could have kept it, despite its much-reported value
On Thursday, Indrani will be obligated to change into the green uniform sari she receives visitors in, as per jail rules, and meet the gentlemen from the income tax department. She may also at some point on Thursday video conference with Delhi in the INX Media-Karti Chidambaram case where she might become an approver.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
With a sole mandate of inflation targeting, RBI wears many hats.
Kochadaiiyaan is a fundamentally flawed dud, one without anything to applaud besides grand (if self-glorifying) ambition, rants Raja Sen.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
SBI had a tough journey in the last 40 years.
'It made me sad that these people had to spend a minimum of 20 dirhams from the meagre 800 dirhams they get, to pray.' 'God had helped me many times in my life, it was my duty to help these people.' The incredible story of Saji Cherian.
A buoyant economic mood and tempting discounts, both online and offline, are fuelling a shopping frenzy this Diwali.
Modi government is pushing GM food crops without adequate safety assessment and transparency, claim activists.
No wedding invitation? No problem! Rajul Punjabi who gate-crashed a wedding shares her experience
'Without doubt, Narasimha Rao confronted huge challenges. Yet, in the very brief period I saw him at the closest of quarters, I have to say that he was simply magnificent. A lifetime of circumspection gave way to courage.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances