News for 'loan fraud'

Report says fake bank apps may have stolen thousands of customers' data

Report says fake bank apps may have stolen thousands of customers' data

Rediff.com24 Oct 2018

While some of the banks mentioned in the report said they have not come across any such fake apps, others have started an inquiry and also informed the CERT-In -- the national nodal agency for responding to computer security incident.

Winnie Mandela, anti-apartheid activist and Nelson Mandela's ex-wife, dies

Winnie Mandela, anti-apartheid activist and Nelson Mandela's ex-wife, dies

Rediff.com2 Apr 2018

She played a high-profile role in the battle to end white-minority rule. However, her place in history was also stained by controversy.

Modi must shut 20 ministries, 100 departments!

Modi must shut 20 ministries, 100 departments!

Rediff.com20 Jul 2020

'When the country is jobless, why should I pay through my nose to feed these people who want some perks in office?' 'Let them also join India's unemployed.' 'Let them also taste the bitter medicine of being jobless.'

Monnet Ispat first stressed firm to get bids

Monnet Ispat first stressed firm to get bids

Rediff.com13 Dec 2017

JSW Steel is learnt to have submitted its resolution plan along with AION Capital

NSEL crisis: RBI says no promoter should control any exchange

NSEL crisis: RBI says no promoter should control any exchange

Rediff.com30 Dec 2013

The RBI view comes within a fortnight of the sectoral regulator FMC in a report stating that the promoter Shah and promoter company Financial Technologies are not eligible to run the crippled exchange, an order challenged by the group in the Bombay High Court.

PNB scam: Bank ignored auditors' warning

PNB scam: Bank ignored auditors' warning

Rediff.com28 Feb 2018

The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.

Force India situation is 'critical', says Perez

Force India situation is 'critical', says Perez

Rediff.com26 Jul 2018

Mexican Formula One driver Sergio Perez described his Force India team's financial situation as 'critical' on Thursday, and recognised that his own future remained uncertain.

'This is a warning to the media'

'This is a warning to the media'

Rediff.com10 Jun 2017

'Fall in line or you will be in the line of fire.'

Glimmer of hope for India, as Mallya's fate hangs in balance in UK court

Glimmer of hope for India, as Mallya's fate hangs in balance in UK court

Rediff.com18 Mar 2018

The judge, during arguments, said it was "blindingly obvious" that "rules were broken by the bank" and that they had "gone against their own guidelines" in extending a loan to the business tycoon's now defunct Kingfisher Airlines.

Trump leaves White House with unprecedent tainted legacy

Trump leaves White House with unprecedent tainted legacy

Rediff.com20 Jan 2021

The 74-year-old real estate mogul-turned politician, who radically changed politics in the corridors of power in Washington, DC over the past four tumultuous years, was impeached for a second time on the charges of 'incitement of insurrection' for the violent storming of the United States Capitol by his supporters just days before the end of his four-year term.

Nirav Modi can't return to India, afraid of getting lynched: Lawyer

Nirav Modi can't return to India, afraid of getting lynched: Lawyer

Rediff.com1 Dec 2018

The ED has claimed that Nirav Modi had refused to join the probe despite acknowledging mails and summons issued to him and that he doesn't want to return to India.

'The financial system is shaken, but safe'

'The financial system is shaken, but safe'

Rediff.com6 Mar 2020

Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.

2006 WC row: Former German footballer Beckenbauer rejects bribery claims

2006 WC row: Former German footballer Beckenbauer rejects bribery claims

Rediff.com18 Oct 2015

Franz Beckenbauer, who headed the organising committee for the 2006 soccer World Cup rejected claims that a slush fund had been set up to buy votes and bring the tournament to Germany back in 2000.

Paying online? Beware of free Wi-Fi

Paying online? Beware of free Wi-Fi

Rediff.com5 Oct 2018

Do not share your passwords or personal information with anyone.

The risks of buying a house in an auction!

The risks of buying a house in an auction!

Rediff.com14 Aug 2016

While you can land a very good bargain in an auction at times, you might need to deal with illegal occupants and dues on the property

CVC meets United Bank, warns of strict action if found guilty

CVC meets United Bank, warns of strict action if found guilty

Rediff.com28 Feb 2014

The Central Vigilance Committee has sought loan data from United Bank

CBI told to use director identification number in notices to bankers

CBI told to use director identification number in notices to bankers

Rediff.com29 Dec 2019

This, said Sitharaman, would remove the possibility of unauthorised communication "and consequent harassment", which was a cause of concern for bankers.

Mallya's craft beer firm in US is in the news for all the wrong reasons

Mallya's craft beer firm in US is in the news for all the wrong reasons

Rediff.com3 Apr 2016

California-based Mendocino Brewing Company, which sells a number of beer brands including Kingfisher in the US, has got Mallya as its chairman and is owned by UB Group through a complex shareholding structure

Diageo wins $ 135 mn claim against Mallya in UK court

Diageo wins $ 135 mn claim against Mallya in UK court

Rediff.com24 May 2019

At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.

What awaits Urjit Patel in 3rd year as RBI governor

What awaits Urjit Patel in 3rd year as RBI governor

Rediff.com1 Sep 2018

Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.

6 suggestions for Nirmala Sitharaman, India's new FM

6 suggestions for Nirmala Sitharaman, India's new FM

Rediff.com3 Jun 2019

Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.

RBI caps withdrawals from Yes Bank; supersedes board

RBI caps withdrawals from Yes Bank; supersedes board

Rediff.com5 Mar 2020

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

Removed jungle raj, not a single incident of riots: Yogi on 6 months in office

Removed jungle raj, not a single incident of riots: Yogi on 6 months in office

Rediff.com19 Sep 2017

Listing out key initiatives, Adityanath said his government would launch a systematic drive to help retrieve 1,000 hectares of land in the grip of land mafia for years.

How India plans to bring back Vijay Mallya

How India plans to bring back Vijay Mallya

Rediff.com20 Apr 2017

Government's move to hire UK arbitrator follows poor track record of India in extraditing offenders from Britain

PIX: Trump leaves White House without welcoming Biden

PIX: Trump leaves White House without welcoming Biden

Rediff.com20 Jan 2021

Donald Trump, known for his unpredictable leadership style, divisive rhetoric targeting both allies and opponents, and the only US president to be impeached twice, left the White House on Wednesday with a tainted legacy never seen before in American political history.

'Demonetisation was a massive, draconian, monetary shock'

'Demonetisation was a massive, draconian, monetary shock'

Rediff.com30 Nov 2018

The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.

Government is playing poker with banks

Government is playing poker with banks

Rediff.com28 Jun 2018

'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.

Yes Bank: 'People will lose confidence in the system'

Yes Bank: 'People will lose confidence in the system'

Rediff.com11 Mar 2020

'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'

Vijay Mallya's extradition hearing will begin from December 4

Vijay Mallya's extradition hearing will begin from December 4

Rediff.com20 Nov 2017

Speaking to reporters Mallya said, "It will all become clear in court".

The 'O' word Mr Rajan won't utter

The 'O' word Mr Rajan won't utter

Rediff.com4 Jul 2016

The single most important issue in Public Sector Banks is corruption.

What your Credit Score says about you

What your Credit Score says about you

Rediff.com14 Sep 2015

Lenders get a clear idea about your financial health, risk profile and personality trait

Credit card safety in 8 easy ways

Credit card safety in 8 easy ways

Rediff.com30 Oct 2014

It is better to be safe than sorry!

How much does he know? Jaitley says on Rahul; Congress hits back

How much does he know? Jaitley says on Rahul; Congress hits back

Rediff.com6 Jun 2018

The Congress said arrogance of the BJP has touched its zenith as it turned 'blind' to farm distress.

India saved $9 bn through Aadhaar, says Nilekani in US

India saved $9 bn through Aadhaar, says Nilekani in US

Rediff.com13 Oct 2017

'It has also saved the government about $ 9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list,' Nilekani said at an event on the sidelines of the annual meeting of the International Monetary Fund and the World Bank.

Decade on, Jaypee Infratech customers still waiting for a home

Decade on, Jaypee Infratech customers still waiting for a home

Rediff.com14 Apr 2021

Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.

Don't rush to buy PSU bank stocks yet

Don't rush to buy PSU bank stocks yet

Rediff.com15 Mar 2018

'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'

Huge victory for India! Vijay Mallya to be extradited from UK

Huge victory for India! Vijay Mallya to be extradited from UK

Rediff.com10 Dec 2018

Delivering the verdict, Westminster Magistrates' Court Chief Magistrate Judge Emma Arbuthnot said that there was "no sign of a false case being mounted against him".

Vijay Mallya arrested in London, gets bail

Vijay Mallya arrested in London, gets bail

Rediff.com20 Apr 2017

India had given a formal extradition request for Mallya as per the Extradition Treaty between India and the UK through a note verbale on February 8

Pressure on liquor baron Mallya dials up, trademarks seized

Pressure on liquor baron Mallya dials up, trademarks seized

Rediff.com10 Mar 2016

The banks have asked the court to demand his return and to impound his passport.