NEW DELHI: HDFC Bank CEO and Managing Director Sashidhar Jagdishan has filed a petition in the Supreme Court to quash the first information report (FIR) lodged against him on a complaint by the Lilavati Kirtilal Mehta Medical Trust, alleging that he has accepted a bribe of Rs 2.05 crore.

NEW DELHI: HDFC Bank Managing Director and CEO, Sashidhar Jagdishan, has approached the Supreme Court to quash an FIR filed against him by the Lilavati Kirtilal Mehta Medical Trust, which runs Mumbai’s Lilavati Hospital.

MUMBAI: Shares of IDBI Bank rose by 4 per cent to Rs 105 apiece on Monday after reports suggested that the government is preparing to invite financial bids for the lender.

NEW DELHI: IndusInd Bank’s board is likely to unveil its shortlist for the next chief executive officer (CEO) on Monday, a key development as the lender looks to bounce back from months of disruption triggered by a derivatives trading fiasco and subsequent leadership crisis.

NEW DELHI: The Enforcement Directorate (ED), Delhi Zonal Office conducted search operations at 37 locations across the national Capital under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in the Delhi classroom construction irregularities case and recovered digital evidence and 322 bank passbooks linked to mule accounts opened in the names of labourers, allegedly to divert government funds.

KOLKATA: A youth accused of raping and murdering a minor girl in Bankura district of West Bengal, was reportedly lynched by the local people in the wee hours of Wednesday.

PHAGWARA: In a significant breakthrough in the sensational bank robbery case that shook the region, Kapurthala Police have arrested three accused and recovered ₹28.67 lakhs in looted cash, two pistols, and two vehicles used in the crime. The robbery had taken place at the HDFC Bank branch in Rehana Jattan village, Phagwara, on May 30.

AMRITSAR: A bus was handed over to the Shiromani Gurdwara Parbandhak Committee (SGPC) by Punjab National Bank today for the convenience of the devotees reaching Sachkhand Sri Harmandir Sahib.

MUMBAI: Actress Sanya Malhotra revealed that she was injured during the shoot of the song “Morni Banke” from the 2018 film “Badhaai Ho”.

MUMBAI: The Indian benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU banks and auto sectors in the early trade.

PHAGWARA: In a major breakthrough, the district Kapurthala Police have arrested the prime suspect in the sensational HDFC Bank robbery that took place in Rawalpindi on May 30. Acting on technical and field intelligence, the police recovered Rs 13.10 lakh in stolen cash and a country-made pistol allegedly used in the crime.

NEW DELHI: In a significant feat under Prime Minister Narendra Modi's visionary government, India has made key strides in the last decade in reducing its extreme poverty rate, which fell to 5.3 per cent in 2022–23 from 27.1 per cent in 2011–12, latest World Bank data has revealed.

MUMBAI: Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon.

NEW DELHI: In a customer-friendly move, the Canara Bank on Sunday officially scrapped the penalty for not maintaining a minimum balance in savings accounts starting June 1.

PHAGWARA: A broad daylight armed robbery took place at the HDFC Bank branch located in Rihana-Jattan village, situated along the Phagwara–Hoshiarpur road, where an estimated ₹40 lakh was looted on Thursday afternoon.

NEW DELHI: Government-owned nonbank financial institutions in India will likely gain more market share in the coming year or two since they play a key role in supporting economic development as part of the country’s official policy, according to an S&P Global report released on Monday.

NEW DELHI: In a major breakthrough, the Central Bureau of Investigation (CBI) has brought back fugitive economic offender Angad Singh Chandok from the US to India.

NEW DELHI: The Securities and Exchange Board of India (SEBI) is investigating possible violations in the IndusInd Bank case, following the bank's disclosure of suspected fraud and concerns over insider trading, SEBI Chairman Tuhin Kanta Pandey said here on Thursday.

KOLKATA: Two construction labourers working for a contractor at the Mejia Thermal Power Plant in Bankura district of West Bengal died following the collapse of an iron structure within the plant premises.

NEW DELHI: The government’s disinvestment plan for IDBI Bank, as part of the broader strategy to monetise assets through stake sales during the current financial year, is progressing in accordance with the normal schedule, the Department of Investment and Public Asset Management Secretary Arunish Chawla has said.

GURUGRAM: Haryana's Environment, Forest and Wildlife Minister, Rao Narbir Singh, on Wednesday, directed the officials to create land banks by purchasing land at collector rate from the panchayats of the state that have more than 100 acres of land.

SAN FRANCISCO: Finance Minister Nirmala Sitharaman said on Monday that India has become the fastest-growing economy, driven by the "visionary leadership" of Prime Minister Narendra Modi and the stability provided by a continuing government.

MUMBAI: Indian stock markets ended sharply higher on Thursday, extending their winning run for the fourth straight session as strong buying in banking shares helped the domestic indices clocked a robust performance.

NEW DELHI: Struggling for consistency in Indian Premier League (IPL) 2025, Mumbai Indians (MI) will hope that two of their senior-most players — Rohit Sharma and Jasprit Bumrah — rediscover their touch when they take on Sunrisers Hyderabad (SRH) at the Wankhede Stadium on Thursday.

MUMBAI: The Indian stock markets on Wednesday continued their upward journey for the third straight trading session, with strong buying seen in financial stocks, especially private banks and some oil and gas shares.

NEW DELHI: Banks have asked for the power to freeze bank accounts being used for cyber frauds without waiting for court or police approval, according to a report by a working group set up by the Indian Banks' Association (IBA).

MUMBAI: The government-owned Bank of Baroda on Thursday announced the immediate transmission of the Reserve Bank of India’s (RBI) policy rate cut to its customers.

NEW DELHI: India offers a compelling growth opportunity for foreign banks and the government is actively encouraging foreign investment in the banking sector, Union Finance Minister Nirmala Sitharaman has stressed.

NEW DELHI: In simultaneous multi-city raids, the Enforcement Directorate (ED) on Monday searched former BSP legislator Vinay Shankar Tiwari’s properties in Mumbai, Delhi, and at least nine other locations in Uttar Pradesh over a Rs 1,500 crore bank loan fraud, an official said on Monday.

AMRITSAR: Shiromani Gurdwara Parbandhak Committee President Advocate Harjinder Singh Dhami today inaugurated the renovated branch of Punjab National Bank near Gurdwara Baba Atal Rai Sahib.

NEW DELHI: The Income Tax Department has raised a demand of Rs 2,209.17 crore, including interest, against Yes Bank Ltd, according to a stock exchange filing by the private sector bank.

AMRITSAR: The Post-Graduate Department of Commerce and Business Administration, Khalsa College, Amritsar (KCA) commenced 4th Batch “Certificate Programme in Banking, Finance and Insurance (CPBFI)” in collaboration with Bajaj Finserv Ltd. This programme is a part and parcel of MoU signed between Khalsa College Amritsar and Bajaj Finserv Ltd. to impart practical training and essential skills to the students with a view to create employment opportunities for them in Banking, Finance and Insurance Sector. This programme is certified by National Skill Development Corporation, Government of India.

NEW DELHI: The Economic Offences Wing (EOW) of the Mumbai Police is investigating a major financial fraud involving the New India Cooperative Bank, which has reportedly seen a Rs 122 crore embezzlement.

MUMBAI: The RBI’s move to inject Rs 1.9 lakh crore has come as a big positive for banks, which is reflected in the rise in the stock prices of both private and public sector banks, as well as Non-Banking Financial Companies (NBFCs) on Thursday.

BHOPAL: A former Uco Bank official, his acquaintances, and a private firm face prosecution following an investigation by the Enforcement Directorate (ED) on alleged money laundering.

NEW DELHI: The $31 billion fintech market in India is set for a disruption with the emergence of neobanks and to scale and secure a foothold, these digital-only banks should acquire primary bank accounts, a new report said on Wednesday.

WASHINGTON: The Russia-Ukraine conflict has dealt "a major shock" to commodity markets, altering global patterns of trade, production and consumption, the World Bank (WB) said in a report released on Tuesday.

MUMBAI: Delhi Capitals have called their opening batters Prithvi Shaw and David Warner 'pocket dynamos' after the duo has played a key role in the team's campaign in IPL 2022.

CHANDIGARH: -The Shiromani Akali Dal (SAD) today asked chief minister Bhagwant Singh Mann to direct cooperative banks to stop issuing arrest warrants against farmers who had failed to repay their loans because of deteriorating financial conditions due to crop failures coupled with sharp increase in agricultural inputs.

MANDI: Researchers at the Indian Institute of Technology Mandi, and Durham University in the UK have developed suction monitoring setup for soil cyclic triaxial testing to investigate the impact of climate change on railway embankments.

NEW DELHI: BJP chief J.P Nadda on Monday said that Indian politics has undergone a rapid transformation in the last eight years.

NEW DELHI: The Supreme Court on Monday stayed the National Company Law Appellate Tribunal's (NCLAT) order which ruled a stipulation in the DHFL resolution plan as "illegal" on recovery of avoidance transactions.

TOKYO: The Bank of Japan (BOJ) on Monday lowered its assessment for the majority of regional economies in the country, with its Governor warning ofuncertainty over the situation in Ukraine amid surging commodity prices, as well as Covid-19-related weakness.

PUNE: Five-time Indian Premier League (IPL) champions Mumbai Indians' poor form, which has plagued them from last season, is something which has become a cause for concern for skipper Rohit Sharma. The side's crucial match against a Royal Challengers Bangalore (RCB) on song at the Maharashtra Cricket Association Stadium later on Saturday, could well decide in which direction the star-studded MI are headed in this edition of the IPL.

MOSCOW: The Bank of Russia has decided to cut the key rate by 300 basis points to 17 per cent per annum from April 11.

NEW DELHI: Addressing the failure in finding an acceptable solution in five years to the risk posed to the Indus Water Treaty (IWT), the World Bank has announced to resume two separate processes requested by India and Pakistan in connection with the Kishenganga and Ratle hydroelectric power plants in the Indus basin.

New DELHI: A Special CBI court in Bangalore has sentenced head cashier of a bank to seven years Rigorous Imprisonment and a fine of Rs 2.19 crore in connection with fraudulent exchange of demonetised currency with valid currency.

WASHINGTON: The developing East Asia and Pacific countries is projected to grow by 5 per cent in 2022 amid the resurgence of Covid-19 pandemic, tighter financial conditions and the Russia-Ukraine war, the World Bank said.

NEW DELHI: The Delhi High Court on Tuesday sought the Centre's response on a plea seeking a Uniform Banking Code for Foreign Exchange Transaction in order to control black money generation and Benami transactions.

NEW DELHI:The Central Bureau of Investigation (CBI) on Sunday said that they have arrested an absconding accused in connection with a bank fraud of Rs 20.68 crore, on his arrival from Nairobi, Kenya.

NEW DELHI:The government on Thursday said that around 128 requests are pending in connection with bank fraud cases of Rs 21,074.43 cr for grant of consent by states.

NEW DELHI:As the Reserve Bank of India (RBI) barred Paytm from taking on new customers for its Payments Bank, a new report on Thursday said that fintech platforms' dominance in digital payments may not result in a significant data advantage over banks.

NEW DELHI: The CBI has lodged an FIR against two siblings for cheating Punjab National Bank to the tune of over Rs three crore by mortgaging a sold property.

NEW DELHI: Bharti Airtel and Axis Bank on Monday announced the launch of Airtel Axis Bank Credit Card as part of a "strategic partnership to strengthen the growth of India's digital ecosystem through a range of financial solutions".

AMRITSAR: State Bank of India presented a palanquin bus at Sachkhand Sri Harmandir Sahib. Mahinder Singh Ahli and handed over to Paramjit Singh Saroya.

NAWANSHAHR: Keeping in view the current scenario and maintaining law and order situation in the district, Deputy Commissioner-cum- District Magistrate Vishesh Sarangal on Wednesday ordered the installation of CCTV cameras in all fuel stations and banks.

NEW DELHI:The Enforcement Directorate (ED) on Wednesday said that it has attached two immovable properties including plant and machinery worth Rs 3.81 crore belonging to SLO Industries Limited in connection with a Prevention of Money Laundering case pertaining to a bank fraud of Rs 201 crore.

NEW DELHI: UK Prime Minister Boris Johnson on Tuesday announced sanctions against five Russian banks -- Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank.

PATNA: A burqa-clad girl in Bihar's Begusarai district was stopped from making transactions in a nationalised bank, an official said.

CHANDIGARH: The Postgraduate Institute of Medical Education and Research here on Thursday said it has started the ‘human milk bank’ service for inborn neonates.

TORONTO: Over 2,000 Indian students, who face an uncertain future after three Montreal colleges closed last month by declaring bankruptcy, have demanded intervention by the Canadian government to give them justice.

NEW DELHI:The Delhi High Court on Monday asked the Delhi Metro Rail Corporation (DMRC) to submit its balance sheet, along with bank accounts details, by February 17 on an execution petition filed by Delhi Airport Metro Express Pvt Ltd (DAMEPL) seeking enforcement of an arbitration award of Rs 6,208 crore in favour of the Reliance Infrastructure's subsidiary.

NEW DELHI: The Enforcement Directorate (ED) on Monday said that they have provisionally attached immovable and movable properties worth Rs 56.81 crore in the form of agricultural land, plots, shops, offices, flats, FDs and bank accounts belonging to Bharat Bomb, Shankar Lal Khandelwal and their associates in connection with a Prevention of Money Laundering case pertaining to the Syndicate Bank loan fraud of Rs 1,267.79 crore.

HYDERABAD: The Enforcement Directorate (ED) has arrested Balvinder Singh the Promoter - Director of the PCH Corporation Ltd and other PCH group companies under the Prevention of Money Laundering Act (PMLA) in a case relating to defrauding banks to the tune of Rs 370 crore.

CHENNAI: Government-owned Indian Bank on Monday said it closed the third quarter of the current fiscal with a net profit of Rs 689.73 crore.

RAMALLAH: At least 159 Palestinian protesters were injured during clashes with the Israeli soldiers in the northern West Bank, according to the Palestine Red Crescent Society (PRCS).

PATNA: The Immigration Department has arrested main accused Daljit Singh Bal in Punjab and Maharashtra Co-operative bank (PMC) multi billion dollar scam from Raxaul border of Bihar, the police on Thursday.

NEW DELHI:In a month when the equity indices were in rough waters, banking stocks managed to outperform the broader markets in January 2022.

LUCKNOW: A bank manager, who had been absconding for two years in a case of embezzlement of Rs 45 crore, has been arrested by the Lucknow police.

HYDERABAD: Cyber crooks, who hacked the server of Andhra Pradesh Mahesh Co-Operative Urban Bank here on Sunday, transferred Rs 12.90 crore to three accounts in the same bank and from there, to 128 accounts in different banks in various parts of the country, a bank official said on Tuesday.

BAREILLY: In a shocking incident, a security guard deployed at a bank in Bareilly on Friday opened fire at a customer who had come without wearing a mask.

LONDON:The Bank of England (BoE) has announced an unchanged interest rate at 0.1 per cent, despite prediction of inflation being temporarily above its 2 per cent target in the months ahead.

CHANDIGARH: The Punjab government will seek US$ 210 million loan from World Bank/ Asian Infrastructure Investment Bank (AIIB) for the canal based water supply project for Amritsar and Ludhiana under the Punjab Municipal Service Improvement Project (PMSIP).

MUMBAI: The Central Bureau Of Investigation (CBI) on Wednesday arrested three directors of Ruchi Global Ltd for allegedly defrauding various banks to the tune of Rs 188.35 crore, an official said here.

MUMBAI: The ICICI Bank on Wednesday announced the launch of 'ICICI STACK for Corporates', a comprehensive set of digital banking solutions for corporates and their entire ecosystem including promoters, group companies, employees, dealers, vendors and all other stakeholders.

LUCKNOW: The All India Muslim Personal Law Board (AIMPLB) has filed a petition in the Allahabad High Court against the demolition of Masjid Garib Nawab, also known as Tehseel Wali Masjid, in Ram Sanehi Ghat area of Barabanki.

NEW DELHI: The Central Bureau of Investigation (CBI) on Friday carried out searches at six locations in Mumbai after registering a case of bank fraud worth Rs 134 crore against Gujarat-based Associate High Pressure Technologies Pvt Ltd and its directors.

MUMBAI:The key Indian equity indices traded on a positive note on Monday morning led by healthy buying in banking stocks.Around 10.50 a.m., Sensex was trading at 50,681.29, higher by 140.81 points or 0.28 per cent from its previous close of 50,540.48.

NEW DELHI: Value buying along with healthy buying in the banking stocks lifted the key domestic indices during Friday's late-afternoon trade session.

NEW DELHI: Former Congress president Rahul Gandhi on Thursday took a jibe at Prime Minister Narendra Modi over the dead bodies buried on the banks of the river Ganga, saying that the head of the Modi's "system" remains buried in the same sand.

MUMBAI: If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers.

GHAZIPUR (UP): After Bihar's Buxar, around two dozen bodies were found on the banks of the Ganga at adjoining Ghazipur district of Uttar Pradesh, an official said on Tuesday.

NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.

CHANDIGARH: As per the drive initiated by the newly formed Enforcement Directorate, Mining, against illegal mining, Amritsar (Rural) Police has launched a major crackdown on illegal sand mining in the district.

PATIALA: Amid surge in COVID cases, to ensure the uninterrupted supply of oxygen, as per the directives of Punjab Chief Minister, Captain Amarinder Singh, district administration, Patiala today took a unique initiative by launching 'Oxygen on Wheels' service.

CHANDIGARH: As per the drive initiated by the newly formed Enforcement Directorate, Mining, against illegal mining, Amritsar (Rural) Police has launched a major crackdown on illegal sand mining in the district.

MUMBAI: The key Indian equity indices declined on Friday morning with the BSE Sensex losing over 400 points.Heavy selling pressure was witnessed in banking and finance stocks. However, buying in metal and oil and gas stocks restricted the losses.

SRINAGAR: Armed robbers looted Rs 6 lakhs from a branch of the J&K Bank in Baramulla district on Thursday, police said.

NEW DELHI: To scale up production of its Covishield vaccine, the Serum Institute of India (SII) had borrowed money from banks instead of waiting for the government's aid to arrive.

PATNA: As many as 12 employees of Bandhan Bank here on Monday tested positive for coronavirus.
A health official at Patna civil surgeon office said that some Bandhan Bank employees of Ashiyana Digha branch have been complaining of mild fever for the last few days.

MUMBAI: To broaden its services for the start-up sector, the lender Yes Bank has tied-up with GVFL Limited.ccordingly, the two companies have entered into a Memorandum of Understanding (MoU) to strengthen Fintech-led innovation and support the growth of the Indian startup ecosystem.

SRINAGAR: The anti-corruption bureau (ACB) arrested former chairman of J&K Bank, Parvez Ahmad Nengroo on Saturday in connection with a tender fraud case.

CHANDIGARH: The World Bank and Asian Infrastructure Investment Bank (AIIB) has approved 300 Million US dollars loan for canal based drinking water schemes under Punjab Municipal Services Improvement Project with a view to ensure quality drinking water 24x7 and minimize the water losses for holy city Amritsar and industrial hub Ludhiana.

BARABANKI (UTTAR PRADESH): A case was registered in Barabanki district on Friday against unnamed persons in the ambulance case involving Bahujan Samaj Party (BSP) MLA and mafia don Mukhtar Ansari.

CHENNAI:Government owned Indian Bank has declared bad loans amounting Rs 202.32 crore to seven domestic borrowers and $5.289 million lent to a foreign company as fraud.

NEW DELHI: March 31 is the deadline for submitting applications for setting up a pan-India umbrella entity for retail payments.
The Reserve Bank of India in February had extended the date to March 31 after it received requests from stakeholders, including Indian Banks' Association (IBA), to extend the deadline.

MUMBAI: The key Indian equity indices declined on Wednesday morning, with the BSE Sensex losing over 500 points.
Heavy selling pressure was witnessed in banking and finance stocks.

NEW DELHI/ALAPPUZHA : The Congress is ushering in a generational change in Kerala by fielding more new and young faces in the Assembly elections in the southern state scheduled to be held on April 6.

PATIALA: Punjab Minister for Co-operation and Jails, Mr. Sukhjinder Singh Randhawa said that Punjab Government has strengthened the co-operative sector institutions which had come to an end during the tenure of the previous government.

NEW DELHI: The Central Bureau of Investigation (CBI) today conducted searches at more than 100 places across India in connection with more than 30 cases of bank fraud amounting to over Rs.3700 crore. These searches are part of Special Drive to book the fraudusters on the complaints received from different Nationalised Banks in India.

CHANDIGARH: Strongly opposing the direct bank transfer scheme for farmers, Punjab Chief Minister Amarinder Singh said on Wednesday that he had written to the Prime Minister seeking early resolution of the matter in view of the upcoming Rabi season.

SRINAGAR: Unidentified gunmen looted Rs 2 lakh on Wednesday from a bank in J&K's Budgam district.Reports here said gunmen entered the Chandpora branch of the J&K Bank and decamped with not just the cash but also a 12 bore gun of the bank guard and the CCTV cameras at the branch.

NEW DELHI: The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers.

PATNA: An employee of the Bank of India was shot dead in Bihar's Suryagarha town in Lakhisarai district, police said on Thursday.