Tuesday, July 01, 2025

bank

IDBI Bank shares gain as govt nears final stages of stake sale process

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.

IndusInd Bank likely to submit CEO shortlist to RBI amid leadership overhaul

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.

Classroom case against AAP leaders: ED raids 37 locations in Delhi, seizes 322 bank passbooks

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.

Youth lynched in Bengal’s Bankura for rape & murder of minor girl

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.

Three Arrested in Kapurthala Bank Robbery Case; ₹28.67 Lakhs Recovered Along with Weapons and Vehicles

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.

Punjab National Bank donates bus to Sachkhand Sri Darbar Sahib Advocate Dhami honored the bank officials

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.

Sanya Malhotra: Was wearing fresh stitches and doing ‘Morni Banke’

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

Indian stock market opens in green, IT and PSU banks lead

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.

Prime Accused Arrested, Rs 13.10 Lakh Recovered in Phagwara Bank Robbery Case

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.

269 million people lifted out of extreme poverty in India over 11 years: World Bank

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.

IndusInd Bank shares jump after RBI signals stability ahead

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.

Canara Bank removes minimum balance requirement for all savings accounts

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.

Armed Robbery at HDFC Bank Branch in Rihana-Jattan, Phagwara; ₹40 Lakh Looted

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.

India’s govt-owned nonbank financial institutions headed for strong growth: Report

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.

CBI brings back fugitive Angad Singh Chandok from US in bank fraud case

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.

Probing possible violations in IndusInd Bank case: SEBI Chairman

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.

Two workers killed after iron structure collapse at Mejia Thermal Power Plant in Bankura

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.

Govt moving ahead with IDBI Bank disinvestment plan in current fiscal

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.

Haryana Minister asks officials to create land banks by purchasing land from panchayats

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.

IMF, World Bank see India’s potential as engine of global trade: FM Sitharaman

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.

Sensex surges over 1,500 points, Nifty Bank at near all-time high

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.

IPL 2025: MI bank on Rohit and Bumrah to fire against explosive SRH at Wankhede

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.

Sensex rises for 3rd day; Nifty near 23,450 as banks lead rally

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.

Banks want power to freeze mule accounts to stop cyber fraud: Report

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).

Bank of Baroda passes on RBI rate cut to retail and MSME customers

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.

India offers a compelling growth opportunity for foreign banks: FM Sitharaman

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.

Rs 1,500 cr bank fraud: ED searches properties of ex-BSP legislator in UP, Mumbai, Delhi

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.

SGPC Presient Advocate Dhami inaugurates new building of Punjab National Bank

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.

Income Tax Department asks Yes Bank to pay up Rs 2,209 crore

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.

“Certificate Programme in Banking, Finance and Insurance”

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.

Mumbai Police targets hidden assets of fugitive duo in Rs 122 crore New India Cooperative Bank scam

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.

RBI’s move to inject Rs 1.9 lakh crore liquidity seen as positive for banks

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.

ED files charge sheet against former Uco Bank official, others in MLA case

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.

India needs to grow by 7.8 pc to reach high-income status by 2047, a possible target: World Bank

NEW DELHI: A new World Bank report on Friday said that India needs to grow by 7.8 per cent on average over the next 22 years to achieve the country’s aspirations of reaching high-income status by 2047 -- a target that is possible to achieve.

Why Do You Need an Offshore Bank Account and How Can You Open One?

One of the pressing tasks for high-income individuals and companies is preserving their capital. Crises and issues in the banking sector of one’s home country, currency devaluation, and risks of asset loss due to legal or criminal prosecution—all of these factors make people consider moving some of their funds to places where they’ll be completely safe—offshores.

World Bank sees India as right place to invest for global firms

GUWAHATI: The World Bank has reaffirmed its positive outlook on India's economic growth, urging global companies to invest in the country.

Bank of Korea expected to cut interest rate next week

SEOUL: The South Korean central bank is widely expected to lower its policy rate by 0.25 percentage point next week in an effort to prop up the economy, a poll showed on Friday.

Recapitalisation, reforms have worked well for public sector banks: SBI Chairman

MUMBAI: Recapitalisation and reforms in the last few years have really worked well for the public sector banks and balance sheets are cleaner now, State Bank of India (SBI) Chairman, C.S. Setty, said on Tuesday.

Kerala Police applauded for swift arrest in Federal Bank heist case

THRISSUR: After facing criticism from several quarters, the Kerala Police won praise on Monday for their swift action in arresting Rijo Antony, a local resident of Chalakudy, in connection with the daring daylight heist at the Federal Bank branch in Pota, near Chalakudy, Thrissur.

Bank of Maharashtra gets RBI go-ahead to set up branch in GIFT City

NEW DELHI: Government-owned Bank of Maharashtra announced on Sunday that it has received the RBI's approval to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gujarat. The branch will be the Bank of Maharashtra's first unit for offshore banking operations from India.

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India gets its 100th unicorn in neobank platform Open

NEW DELHI: India on Monday welcomed its 100th unicorn, which is Bengaluru-based neobank platform Open, that raised fresh funds as part of its Series D round, taking its valuation to $1 billion.

Palestinian killed in West Bank clashes

RAMALLAH: A 27-year-old Palestinian was killed and three others were injured during clashes with by Israeli soldiers near the West Bank city of Qalqilya, authorities said on Saturday.

Russian central bank lowers key rate to 14%

MOSCOW: The Central Bank of Russia announced that it has reduced its key interest rate by 300 basis points to 14 per cent.

Harpal Singh Cheema orders to release Rs. 62.68 crore for Punjab state cooperative agriculture development bank pensioners

CHANDIGARH: Punjab Finance and Co-operation Minister Mr. Harpal Singh Cheema, on Friday, has ordered to release Rs. 62.68 crore for pensioners and widows of the Punjab State Cooperative Agriculture Development Bank so that pension and arrears could be released to pensioners.

US Fed behind curve, significant recession likely by late next year: Deutsche Bank

NEW DELHI: The US Fed has fallen significantly behind the curve and that substantial monetary restraint is now needed, said Deutsche Bank in a report.

How neobanks are set to disrupt $31 bn Indian fintech market

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.

World Bank warns of rises in food, energy prices due to Russia-Ukraine conflict

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.

Delhi Capitals call Shaw, Warner their pocket dynamos; bank on duo to lead them all the way

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.

SAD asks CM to direct cooperative banks to stop issuing arrest warrants against farmers

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.

IIT Mandi, Durham University to probe climate risk in railway embankments

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.

Dusted, rusted approach of vote bank is no longer working, says Nadda

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

DHFL case: SC stays NCLAT order; to hear appeals of Piramal, banks in May

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.

Bank of Japan lowers assessment for majority of regional economies

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.

MI to bank on positive record against RCB to break the string of losses

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.

Russian central bank lowers key rate to 17%

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.

World Bank to begin processes on hydro projects under Indus Water Treaty

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.

Bank official sentenced to 7 year RI, over Rs 2 cr fine for fraud

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.

World Bank projects East Asia Pacific to grow 5% in 2022

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.

HC seeks Centre's response on PIL for Uniform Banking code, regulation of foreign money transfer

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.

Accused in bank loan fraud case held by CBI after 10 yrs

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.

CBI waits consent to probe Rs 21,000 cr bank fraud cases

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.

Indian fintech payment firms have no data advantage over banks: Moody's

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.

Sold property mortgaged to bank, CBI files FIR against siblings

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.

Airtel ties up with Axis Bank to launch credit card

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".

State Bank of India presents bus with Palki Sahib at Sri Darbar Sahib

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 DM orders CCTV cameras in all fuel stations and banks

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.

ED attaches assets in bank loan fraud case of Rs 201 cr

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.

UK PM announces sanctions against five Russian banks

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.

Burqa-clad girl turned away from nationalised bank in Bihar's Begusarai

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

PGI Chandigarh starts ‘human milk bank’

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

2,000 Indian students scammed as 3 Canadian colleges shut after bankruptcy

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.

Delhi HC asks for DMRC's balance sheet, bank details on DAMPEL's plea

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.

ED attaches assets worth Rs 56.81 cr in Syndicate Bank fraud case

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.

ED arrests PCH director Balvinder Singh for Rs 370 Cr bank fraud

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.

Indian Bank posts Rs 689.73 crore net

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.

159 Palestinians injured in West Bank clashes

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).

PMC bank scam prime accused Daljit Singh Bal arrested in Bihar

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.

Banking indices outperform broader markets, rise 10-20% in Jan

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

UP bank manager arrested for Rs 45 crore fraud

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.

Hackers transferred Rs 12.90 crore from Mahesh Bank to 128 accounts

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.

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Yes Bank fraud case: K'taka police obtains crucial evidence

BENGALURU:The Cubbon Park police of Bengaluru, looking into Rs 712 crore fraud allegations against Nitesh group of companies, one of the top real estate group in Karnataka, have secured crucial documents in connection with 'project diversion', 'refinancing' and 'not showing timely progress of projects' after securing the loans from Yes Bank.

Banking, oil & gas stocks pull indices lower

MUMBAI:Selling pressure in banking, oil and gas and metal stocks pulled the key Indian equity indices lower in early hours of market opening on Tuesday.Around 12.25 Sensex was trading at 52,575 lower by 160 points, down from its previous close of 52,735.59.

Jagan's welfare pushing Andhra into bankruptcy: BJP

AMARAVATI:Andhra Pradesh Bharatiya Janata Party (BJP) president Somu Veerraju on Tuesday alleged that Chief Minister Y.S. Jagan Mohan Reddy was pushing the state into indebtedness and bankruptcy by going after welfare.

RBI bars MPs, MLAs from holding MD post in urban cooperative banks

 NEW DELHI: In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD) in urban cooperative banks.

RBI extends restrictions on PMC Bank till Dec 31

MUMBAI: The Reserve Bank of India (RBI) has extended the timeline for restrictions on Punjab and Maharashtra Cooperative (PMC) Bank till December 31, 2021 after taking into account the prospective time required for the restructuring process of the bank.

Bank guard shoots customer for not wearing mask

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.

Bank of England maintains interest rate despite rising inflation

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.

CBI raids premises of Crompton Greaves, Gautam Thapar in Rs 2,435 cr bank fraud case 

Punjab Govt to seek US$ 210 million loan from World Bank/ AIIB for canal- based water supply for Amritsar & Ludhiana

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).

CBI nabs 3 Ruchi Global Ltd directors in Rs 188 cr bank fraud

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.

ICICI Bank launches 'ICICI STACK for Corporates'

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.

AIMPLB files petition against mosque demolition in Barabanki

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.

CBI searches 6 locations in Mumbai in Rs 134 cr bank fraud case

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.

Equity indices in green, banking stocks rise

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.

Value buying lifts equities; banking stocks rise

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

Rahul attacks Centre over bodies buried in sands on Ganga banks

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.

Bank NEFT transfers will not be operational coming weekend

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.

Now, two dozen bodies found on Ganga banks in UP's Ghazipur

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.

Cabinet approves strategic disinvestment of IDBI Bank

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.

Amritsar Rural Police busts major illegal mining racket along the banks of Ravi river

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 takes lead to Establish 24x7 Oxygen Bank

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.

Major illegal mining operation conducted along the banks of Ravi river by Amritsar(RURAL) police- 1JCB, 1Pokline , 9 Trucks and trolleys seized, 2 Accused arrested

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.

Sensex down 400 points, banking stocks fall

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.

Armed robbers loot Rs 6 lakh from bank in J&K's Baramulla

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

SII borrows money from banks to scale up Covishield production

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.

12 Bandhan Bank staff test Covid positive in Patna

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.

Yes Bank targets startup sector, ties-up with GVFL

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.

ACB arrests former J&K Bank chairman in tender fraud case

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.

World bank and Asian infrastructure investment bank approves 300 million US dollar loan for Canal based drinking water schemes for Amritsar and Ludhiana

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.

Mukhtar's ambulance case registered in UP's Barabanki

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.

Indian Bank says 8 loan accounts as fraud, including IL&FS

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.

Last date today for submitting bids for unified bank licences

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.

Sensex down 500 points; banking, finance stocks fall

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.

Congress banking on young faces in Kerala polls

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.

Cooperatives and Jail Minister Sukhjinder Singh Randhawa inaugurates new branch of Cooperative Bank in Jalalpur

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.

CBI conducts searches at 100 places in 11 States in Countrywide special drive inBank fraud over Rs.3700 Crore

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.

Punjab CM opposes direct bank transfer scheme for farmers

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.

Gunmen loot Rs 2L from J&K Bank in Budgam

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.

SC restrains banks from charging interest-on-interest on borrower during moratorium

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.

Bank employee killed in Bihar's Lakhisarai distric

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

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