Sunday, September 14, 2025

bank

Punjab Government Launches Crop Residue Management Loan Scheme through Cooperative Banks

CHANDIGARH: In a decisive move to tackle the issue of stubble burning and promote sustainable farming, the Punjab Government under the leadership of Chief Minister S. Bhagwant Singh Mann has launched the amended Crop Residue Management (CRM) Loan Scheme through cooperative banks across the state.

Baba Jagtar Singh starts kar sewas to rebuild broken embankments of river Ravi in Ajnala and Ramdas areas

AJNALA: The work of rebuilding the broken embankments of the Ravi River, which had caused great destruction in Ajnala and Ramdas areas, has been started. Along with the district administration, the great men of Kar Sewa are also actively supporting this campaign.

MP CM releases flood relief fund of Rs 20 crore into 17,500 farmers' bank accounts

BHOPAL: Madhya Pradesh Chief Minister Mohan Yadav on Saturday transferred Rs 20 crore into bank accounts of 17,500 farmers from 11 districts affected by flood and natural disaster amid the ongoing monsoon season.

Channelisation of Ghaggar with concrete embankments will be our top priority in next govt – Sukhbir Badal

SHUTRANA: Shiromani Akali Dal (SAD) president Sukhbir Singh Badal today said channelization of the Ghaggar river by building concrete embankments was to the only way forward to save hundreds of villages in Patiala and Sangrur from the fury of floods and assured that the next SAD government would take this up as a priority project.

Israeli army kills Palestinian man at West Bank checkpoint

JERUSALEM: Israeli forces shot dead a Palestinian man at a military checkpoint in the northern West Bank, the army and Palestinian officials said.

Fraudsters withdraw Rs 16.38 crore from Agartala Municipal Corporation's bank account, probe underway

AGARTALA: Tripura Police have started an investigation against "unidentified fraudsters" for illegally withdrawing an amount of Rs 16.38 crore from the bank account of the Agartala Municipal Corporation (AMC) by using cloned cheques, officials said on Friday.

Over 9,500 shifted to safer places after Jhelum breaches embankment at two places in Kashmir

SRINAGAR: Over 9,500 people were evacuated from different areas in Jammu and Kashmir’s Budgam and Srinagar districts after breaches in the Jhelum River embankment at two places on Friday morning.

Reliance Communications', Anil Ambani's loan accounts declared as 'fraudulent' by Bank of Baroda

NEW DELHI: In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing.

UP CM Yogi orders probe into lathi charge on ABVP workers in Barabanki, cop removed

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath has taken cognisance of the lathi charge on the workers of Akhil Bharatiya Vidyarthi Parishad (ABVP) at Shri Ram Swaroop Memorial University in Barabanki.

WBSSC scam: Bank accounts of arrested Trinamool MLA's close relatives under ED scanner

KOLKATA: The bank accounts, assets, and properties of the close relatives of Jiban Krishna Saha, who was arrested recently, are under the scanner of the Enforcement Directorate (ED) officials in connection with the multi-crore cash for school-job case in West Bengal.

Vijay Mallya moves Karnataka HC for bank records on loan recoveries; court lists plea for hearing in Sept

BENGALURU: The Karnataka High Court, on Friday, listed the petition by fugitive liquor baron Vijay Mallya, demanding a direction to the concerned banks to provide a statement of accounts on the remaining debt amount owed by him and others to September 15.

How Manali's left bank road is region's lifeline in monsoon mayhem?

MANALI: The decades-old alternate least-maintained road link to this picturesque tourist resort in Himachal Pradesh with a heritage tag via the left bank of the Beas river is coming to the rescue of people whenever the mighty river washes away a major portion of the national highway, which falls on the river's right side, especially in monsoon floods.

After SBI, Bank of India tags Anil Ambani, RCom accounts as ‘fraud’

MUMBAI: Days after the State Bank of India (SBI) declared Reliance Communications’ (RCom) accounts as ‘fraud’, the Bank of India (BOI) has also classified the loan accounts of the company, its promoter Anil Ambani, and Reliance Telecom as fraudulent, the company informed stock exchanges on Sunday.

After ED, CBI raids premises linked to Anil Ambani in Rs 2,000 crore bank fraud case

MUMBAI: Days after the Enforcement Directorate (ED) questioned businessman Anil Ambani in a money laundering case, the Central Bureau of Investigation (CBI) on Saturday raided premises linked to Reliance Communications (RCOM) and its Promoter Director.

CBI arrests Proclaimed Offender in 2-decade-old Bank of Baroda fraud case

NEW DELHI: The Central Bureau of Investigation (CBI) on Saturday announced the arrest of Dinesh D. Gehlot, a Proclaimed Offender in a high-value bank fraud case registered more than two decades ago.

Keep strict 24x7 vigil along rivers, embankments: Barinder Kuar Goyal

CHANDIGARH: Punjab Water Resources Minister Sh. Barinder Kumar Goyal, on Tuesday, presided over a comprehensive video conferencing meeting to review the ongoing flood situation across affected districts in the state. The high-level meeting included Deputy Commissioners of Hoshiarpur, Tarn Taran, Kapurthala, Ferozepur and Fazilka districts along with all Executive Engineers (XENs) and Superintending Engineers (SEs) of the Drainage Department. The Cabinet Minister was accompanied by Principal Secretary Sh. Krishan Kumar and Chief Engineer (Drainage) S. Hardeep Singh Mendiratta.

Only 1.69 pc of Rs 2,000 banknotes worth Rs 6,017 crore yet to return to RBI: Minister

NEW DELHI: Only 1.69 per cent of the Rs 2,000 banknotes were yet to be returned to the Reserve Bank of India (RBI) from circulation (as on July 31), the Parliament was informed on Monday.

Banks to clear cheques within few hours starting October 4: RBI

MUMBAI: The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 -- down from the current clearance time of up to two working days.

Trinamool booth convener shot dead in Bengal's Bankura

KOLKATA: A Trinamool Congress booth convener was shot dead in Chakai village under Sonamukhi police station in West Bengal's Bankura district, said officials on Tuesday.

Sensex, Nifty inch up higher; PSU bank stocks lead gains

MUMBAI: Indian benchmark indices began the week higher on Monday, led by gains in the PSU bank stocks. The BSE Sensex advanced 122 points or 0.15 per cent to 79,980 while the Nifty 50 inched up to 24,405, up 42 points or 0.17 per cent. The Nifty Bank rose 0.34 per cent to 55,194.

SC to temporarily suspend operation of UP's Shri Bankey Bihari Ji Temple Trust Ordinance, 2025

NEW DELHI: The Supreme Court on Friday said it would temporarily suspend provisions of the Uttar Pradesh government's 2025 Ordinance that effectively took over the management of the revered Shri Banke Bihari Temple in Mathura-Vrindavan.

IndusInd Bank shares up after RBI approves Rajiv Anand as new MD and CEO

NEW DELHI: Shares of private lender IndusInd Bank went up on Tuesday, after the Reserve Bank of India (RBI) approved the appointment of Rajiv Anand as its new managing director and CEO.

ED likely to question bankers in loan fraud case linked to Anil Ambani companies

NEW DELHI: The Enforcement Directorate is likely to summon some bankers for questioning in the investigation related to loans issued to the Anil Ambani group that later became non-performing assets.

New banking laws to come into effect from August 1

NEW DELHI: The Banking Laws (Amendment) Act, 2025, aimed at improving governance standards in the banking sector and ensuring enhanced protection for depositors and investors, will come into effect from August 1, the Finance Ministry said on Wednesday.

Bank body data shows pathetic state of institutional financial inclusion in West Bengal

KOLKATA: The latest report by a credible bankers' body, on Wednesday, identified the pathetic state of institutional financial inclusion among people residing in rural West Bengal.

SC to hear plea against 2025 Ordinance on Banke Bihari temple management as per CJI’s directions

NEW DELHI: The Supreme Court will now decide the course of hearing on a petition challenging the validity of the Uttar Pradesh government’s 2025 Ordinance related to the management of the Shri Banke Bihari Temple in Mathura-Vrindavan.

Barabanki temple stampede: CM Yogi expresses grief, directs officials to carry out prompt rescue ops

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath expressed his sadness on Monday over the stampede at a Barabanki temple, that resulted in the deaths of two people, and extended his condolences to the grieving families.

Two dead as panic over electric shock triggers stampede at UP's Barabanki temple

BARABANKI: Two devotees lost their lives while 29 others were injured in a stampede that broke out at a temple in Uttar Pradesh's Barabanki district in the early hours of Monday.

Kapurthala Central Cooperative Bank Receives Best Performance Award

KAPURTHALA: The Kapurthala Central Cooperative Bank Ltd. has been awarded the Best Performance Award for outstanding achievement in the banking sector. The recognition was conferred during the 44th NABARD Foundation Day celebrations, held to honour exceptional contributions in the field of cooperative banking.

Karnataka bank manager loses Rs 56 lakh in digital arrest fraud, 3 held

MANDYA: A bank manager lost Rs 56 lakh after being "digitally arrested" by cyber fraudsters in Karnataka's Mandya district.

Palestinian teen killed by Israeli army fire in West Bank: Health Ministry

RAMALLAH: A Palestinian teenager was killed by Israeli army fire in the town of Arraba in the northern West Bank, the Palestinian Health Ministry said.

Delhi Police arrest two cyber criminals impersonating bank officials from Jharkhand, Bengal

NEW DELHI: The Delhi Police have arrested two cybercriminals accused of impersonating bank officials and defrauding people of their money.

Sensex, Nifty open higher as banking stocks continue to gain

MUMBAI: The Indian stock market opened in the green on Tuesday as heavyweight banking stocks continued to lead amid mixed global cues.

Indian stock market ends lower amid selling in banking, IT sectors

MUMBAI: The Indian stock market ended in negative territory on Friday following selling in banking stocks and the broader market, after subdued Q1 earnings in the finance and IT sectors.

25-year-old bank employee ends life in Gujarat's Amreli over Rs 28 lakh debt

AMRELI: A 25-year-old woman from Bhad village of Gujarat's Amreli district allegedly committed suicide after consuming poison-laced food at her workplace.

Indian stock market ends lower amid selling in IT, banking shares

MUMBAI: The Indian stock market settled in negative territory on Thursday following selling in IT and banking stocks amid Q1 earnings, and FII outflows due to trade deal concerns.

Co-operative bank fraud case: ED raids over 10 locations in Bengaluru

BENGALURU: The Directorate of Enforcement (ED) sleuths on Thursday conducted raids in connection with the Shushruti Co-operative Society fraud case in Bengaluru.

Public sector banks projected to demonstrate stronger earnings resilience in Q1

MUMBAI: Public sector banks (PSBs) are likely to demonstrate stronger earnings resilience in Q1 FY26, supported by relatively milder margin compression and higher treasury gains, according to a report on Thursday.

IndusInd Bank's net advances dip nearly 4 pc in Q1, deposits also decline

MUMBAI: Private lender IndusInd Bank has reported a 3.9 per cent year-on-year (YoY) fall in net advances to Rs 3,34,477 crore for the quarter ended June 30 (Q1 FY26).

RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity

MUMBAI: The Reserve Bank of India (RBI) on Friday withdrew Rs 1,00,010 crore from the banking system through a seven-day variable rate reverse repo (VRRR) auction.

1234

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.

1234

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.

123456