NEW DELHI: The Enforcement Directorate (ED) has issued a 'provisional attachment order' under the Prevention of Money Laundering Act (PMLA), 2002, attaching assets valued at Rs 40.37 crore belonging to Vikram Homes Pvt. Ltd as part of a bank fraud case linked to Rakesh Wadhawan and Sarang Wadhawan, the promoters of HDIL, along with others.

KOLKATA: Enforcement Directorate (ED) has started the process to freeze the personal bank accounts of suspended Trinamool Congress leader Sheikh Shahjahan as well as those accounts linked to the businesses owned by him.

GURUGRAM: A team of the Cyber Crime Police Station, Manesar, has arrested two men from Rajasthan's Nagaur for allegedly selling bank account details to cyber criminals, police said.

ISLAMABAD: The World Bank has cautioned that over 10 million Pakistanis may fall below the poverty line, mainly due to a slothful economic growth rate and spiraling inflation at a staggering 26 per cent for the current fiscal year.

NEW DELHI: The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent.

RAMALLAH: The Israeli army has killed a Palestinian teenager, and wounded two others in the West Bank city of Jenin, Palestinian medical sources said.

NEW DELHI: Delhi Police’s Crime Branch has arrested a wanted man in connection with the death of a Bank employee following a quarrel that broke out between “Yaaran Da Adda” restaurant workers and customers over some misunderstanding during birthday celebrations in the outskirts of the national capital last month, an official said on Friday.

NEW DELHI: The largest share of public sector banks' complaints is for mobile banking while for private banks, it is for credit cards, brokerage firm Elara Securities said.

JERUSALEM: A Palestinian militant opened fire on an Israeli vehicle in the West Bank, sparking an hour-long gunfight that ended with the Palestinian being killed by an Israeli helicopter strike, according to military and medical sources.

AMRITSAR: State Bank of India has presented four battery vehicles for the convenience of pilgrims coming to pay obeisance at Sachkhand Sri Harmandir Sahib Sri Darbar Sahib.

MUMBAI: The RBI on Thursday issued an omnibus framework for recognising self-regulatory organisations (SROs) for its regulated entities such as banks, NBFCs and housing finance companies.

RAMALLAH: Six Palestinians were killed by the Israeli army in several West Bank cities, according to Palestinian sources.

VARANASI: The Varanasi police have arrested the regional head of a private bank, along with a cashier and four others, for orchestrating a scam under the guise of police personnel.

LUCKNOW: Uttar Pradesh Chief Electoral Officer (CEO) Navdeep Rinwa has asked political parties and candidates to conduct transactions exceeding 10,000 rupees through banks.

NEW DELHI: As the Reserve Bank of India’s (RBI) deadline to ban Paytm Payments Bank Limited (PPBL) ends on Friday, here are key changes for millions of Paytm users and merchants that will come into force.

LUDHIANA: On the occasion of World Sikh Environment Day, MP (Rajya Sabha) Sant Balbir Singh Seechewal, MP (Rajya Sabha) Sanjeev Arora and Ludhiana East MLA Daljit Singh Bhola Grewal who is also the Chairman of Vidhan Sabha committee formed for cleaning `Buddha Dariya', on Thursday, planted 1100 saplings of different varieties on the bank of `Buddha Dariya', near Jamalpur STP site.

CHANDIGARH: While addressing the media, PPCC Chief Amarinder Singh Raja Warring condemned the electoral approach adopted by the Aam Aadmi Party in the forthcoming Lok Sabha elections. Warring raised poignant observations regarding the nomination of sitting Punjab Government Ministers by AAP rather than introducing fresh faces as candidates.

GURUGRAM: The Gurugram police's Cyber Crime Cell has arrested two private bank employees for allegedly providing bank account details for cyber fraud, a police official said on Tuesday.

NEW DELHI: REC Limited, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Rajasthan government to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030, according to a company statement issued on Monday.

NEW DELHI: The Supreme Court on Monday dismissed the application filed by the State Bank of India (SBI) seeking an extension of time, until June 30, for making details of the encashed Electoral Bonds public.

BHUBANESWAR: It often requires strong determination, perseverance and immense struggle to become a successful entrepreneur and when a woman achieves the same her struggle inspires countless others.

AHMEDABAD: The Civil Hospital in Ahmedabad on Wednesday launched Gujarat's largest government skin bank, besides other advanced medical facilities.

TEL AVIV: Israeli forces have detained 22 Palestinians including a prominent terror operative from West Bank, officials have said.

RAMALLAH: Israeli forces have reportedly detained at least 22 Palestinians in the West Bank, including two Palestinian prisoners who were released during the Israel-Hamas truce in November last year and a woman.

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NEW DELHI: Surging credit has caused the loan-to-deposit ratios (LDRs) to climb at Indian banks, raising concerns that the trailing deposit growth and competition for funds would hit margins, according to S&P Global Market Intelligence data and analysis.

TEL AVIV: Israel's war cabinet fears heightened tension near the West Bank and Temple Mount during the upcoming month of Ramadan after the ceasefire talks failed to yield the desired results.

KAITHAL: Haryana Saraswati Heritage Development Board Vice Chairman Dhuman Singh Kirmach said that Netaji Subhash Chandra Bose had also done penance on the banks of Saraswati river. There is a plan by Saraswati Board to build a very beautiful ghat at this place. All the holy places located on the banks of Saraswati are being renovated. Similarly, renovation work will be done in Southa village also.

NEW DELHI: The latest commentary from Asian central banks signals that they have adopted a wait-and-see approach to rate cuts, foreign brokerage, Morgan Stanley said.

CHANDIGARH: In order to enhance coordination between the police and bank authorities to prevent Cyber Financial frauds in the state as desired by Chief Minister Bhagwant Singh Mann, Cyber Crime Division of Punjab Police has asked the banks to appoint a separate Nodal Officers for 1930 Cyber Helpline to ensure priority blocking of bank accounts and also for providing details regarding suspect bank accounts in timely manner.

MUMBAI: Geeta Batra, an Indian economist, has been named as the new Director at the Independent Evaluation Office of the World Bank's Global Environment Facility (GEF), making her the first-ever woman from a developing country to hold the coveted post.

LUCKNOW: An official of a private bank and his accomplice have been arrested for getting loans sanctioned to customers, without their consent, and then using the money for their personal uses, said officials here.

NEW DELHI: Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as it loses its attractiveness.

NEW DELHI: Marquee global brokerage Goldman Sachs has downgraded key Indian banking stocks and cut earnings estimates across the coverage universe by 5 per cent/2 per cent on average over FY25E/26E.

JAIPUR: Two masked men carrying weapons attempted to loot a bank here on Friday and shot at the cashier, but were forced to give up on their plan as people rushed in.

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.