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Chandigarh, Apr 8 (PTI) Haryana's State Vigilance and Anti-Corruption Bureau on Wednesday arrested a private bank official in connection with a Rs 150-crore discrepancy in accounts of Panchkula Municipal Corporation at a local Kotak Mahindra Bank branch, an official said. Pushpender Singh, the deputy vice-president of the bank, who had surrendered to the bureau earlier in the day, was arrested, an official said. Pushpender earlier worked as the Panchkula branch manager, and later rose to the p ...Read More >
New Delhi: The meeting of the Reserve Bank of India's Monetary Policy Committee concluded today. Several major decisions were taken during this meeting. Specifically, the RBI decided to keep the repo rate unchanged. The RBI has made no adjustments to the repo rate, maintaining the level that has been in effect for quite some time. Consequently, the repo rate has been fixed at 5.25 per cent, remaining exactly the same as before. Following this, the pertinent question arises: Will the RBI's decis ...Read More >
Layoffs have swept through the tech industry, with Oracle recently cutting around 30,000 jobs globally as part of a major restructuring exercise. As many laid-off employees shared their experiences, one post stood out for its calm and practical approach. A former Oracle employee, who had worked in the tech industry for 14 years, faced sudden unemployment but chose to return to his hometown of Bhubaneswar rather than panic. Nayak Satya, who shared the story on X (formerly Twitter), described ho ...Read More >
Panchkula: Another suspect has been arrested in the Panchkula municipal corporation fixed deposit fraud case. The accused, Kapil, a resident of Rajpura, was apprehended from Sirhind in Punjab, the Haryana Vigilance and Anti-Corruption Bureau (ACB) said on Tuesday.According to the ACB, more than Rs 2.3 crore was allegedly transferred into Kapil's bank account from the MC's account. Investigators said he is known to co-accused Rajat, who is currently in police custody.The bureau also said another ...Read More >
The Haryana vigilance and anti-corruption bureau (SV&ACB) has arrested another accused in the ₹145-crore Panchkula municipal corporation FDR fraud case. The case pertains to alleged irregularities in fixed deposit receipts (FDRs) and bank accounts maintained by Panchkula MC at Kotak Mahindra Bank, Sector 11, Panchkula. The accused has been identified as Kapil, a resident of Rajpura, Punjab, into whose account ₹2.36 crore was allegedly transferred into from the Panchkula MC's account. Kapil was ...Read More >
A local court on Friday granted seven-day police remand of Rajat Dahra, accused of embezzling ₹70 crore of Panchkula Municipal Corporation (MC) funds. The case, being probed by the State Vigilance and Anti-Corruption Bureau (ACB), Haryana, stems from serious discrepancies flagged in ₹145-crore fixed deposits (FDs) maintained by MC with Kotak Mahindra Bank, Sector 11, Panchkula. After lodging an FIR under the Prevention of Corruption Act and provisions of the Bharatiya Nyaya Sanhita on M ...Read More >
NewsVoir Bengaluru (Karnataka) [India], March 31: slice, India's first digital & AI native bank, today opened its UPI credit card to all customers. The card, which launched on an invite-only basis in July 2025, has built a waitlist of more than 1.2 million customers. This launch marks one of the first large-scale efforts to build a credit product natively on UPI rails. The card is free to own and use, with no joining fee, no annual fee, and no maintenance charge of any kind. Payments through t ...Read More >
New Delhi, Nov 19 (PTI) Dedicated refinance window on the lines of NHB for the NBFC sector and aligning long-term capital gains tax with fixed deposits to encourage deposit mobilisation are some of asks presented before Finance Minister Nirmala Sitharaman on Wednesday during a pre-Budget meeting with the representatives of BFSI sector here. There is a need to create a dedicated refinance window for NBFCs (non-banking financial companies) to ensure a smooth and sustainable flow of funds and reso ...Read More >
Mumbai, Oct 3 (PTI) A "structural shift" in deposit composition due to a decline in fixed deposits and lower share of current and savings accounts (Casa) balances poses challenges to banks over the medium to long term, rating agency Crisil said on Friday. This comes amid concerns in some quarters over the increased preference for capital market investments by households looking for higher yields, while others believe the shift is representative of the maturing profile of the system. "Two key t ...Read More >
New Delhi: The deadline for filing Income Tax Returns (ITR) is just around the corner September 15, 2025 and taxpayers are in a rush to organize documents and claim deductions. Among the many ways to save on taxes, interest income often creates confusion. Thankfully, the Income Tax Act offers relief under two key sections: Section 80TTA and Section 80TTB. Knowing the difference between these provisions can help you reduce your tax burden and make the most of your savings. Here's a simple guide ...Read More >
New Delhi: Senior citizens looking to grow their savings have good news! Some banks are offering attractive fixed deposit (FD) rates of up to 8.25 per cent for a three-year term. This special rate is available for those aged 60 and above, with a maximum investment limit of Rs 3 crore. Senior citizens can now enjoy some of the highest FD rates in the market. Here's a look at the banks offering attractive fixed deposit options for those aged 60 and above: Slice Small Finance Bank - Offers an imp ...Read More >
NEW DELHI: Vodafone Idea on Thursday said it is now providing commercial fifth-generation (5G) services in 17 cities nationwide. 'With the latest additions, Vi 5G now spans 17 cities across key circles including Mumbai, Maharashtra, Delhi, Karnataka, Punjab, Bihar, Rajasthan, Haryana, Gujarat and Kerala,' Vi said in a statement. India's third-largest telco recently launched 5G in several cities, including Ahmedabad, Rajkot, Surat, Vadodara, Chhatrapati Sambhajinagar, Nashik, Kozhikode and Mala ...Read More >
'India should look to add an extra bowler' IMAGE: Ajinkya Rahane has a piece of advice for head coach Gautam Gambhir and captain Shubman Gill- play an extra bowler in the fourth Test at Old Trafford. Photograph: BCCI/X As India gear up for the fourth Test at Old Trafford, former captain Ajinkya Rahane has raised a tactical alarm: the team's all-rounder-heavy approach might be hurting their chances. His solution? A fourth specialist bowler -- even if it comes at the cost of batting depth. Now ...Read More >
New Delhi: Amidst rising inflation, the ultimate goal of people is to earn money. People make various efforts to earn money. People consider it appropriate to earn money by investing in banks as well as post offices, for which they try their best. A few days ago, the bank shocked people by reducing the interest rates on FDs. People have now started moving towards the time deposit scheme of the post office by avoiding banks. There are some specialities of the time deposit scheme of the OST offic ...Read More >
The Bank of India (BoI) has revised its green deposit fixed deposit interest rates, effective July 7, 2025. The public sector bank offers a maximum of 7.20 per cent to senior citizens (60 years and above) and 7.35 per cent to super senior citizens (80 years and above) on this FD. After the Reserve Bank of India's (RBI) repo rate cut by 50 basis points (bps) in June 2025, several banks revised their FD rates. BoI also revised its FD rates on June 16, 2025, offering the highest rate of 6.70 per ce ...Read More >
MUMBAI : The annual information statement (AIS), introduced by the Income Tax Department to enhance transparency, is instead creating hassles for taxpayers by reporting incorrect incomes, according to chartered accountants. Introduced in 2021, the AIS gives a snapshot of financial transactions -- ranging from securities and mutual funds to property deals and fixed deposits -- during a fiscal year, sourced from multiple reporting entities such as banks, registrars, depositories, and sub-registra ...Read More >
Bengaluru: The Enforcement Directorate (ED) has handed over assets worth ₹3.82 crore to the Karnataka State Waqf Board following the conclusion of a money laundering investigation related to the misappropriation of fixed deposit funds. According to an official press release, the case began after Karnataka police registered an FIR against two officials of Vijaya Bank and Syed Siraj Ahmed, a First Division Assistant with the Waqf Board. The Waqf Board had issued two cheques worth Rs 4,00,45,465 t ...Read More >
Bengaluru, July 8 (SocialNews.XYZ) In a significant move to restore the Proceeds of Crime (POC) to the rightful claimants, the Enforcement Directorate (ED), Bengaluru Zonal Office, has taken a significant step by releasing properties valued at Rs 3.82 crore to the Karnataka Waqf Board in a money laundering case. The money from the Waqf Board released for fixed deposits was utilised to purchase a Mercedes-Benz car, and a further amount was transferred to a trading corporation. According to an o ...Read More >
Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
Mumbai, Jun 29 (PTI) Slice Small Finance Bank has turned profitable on a monthly basis and is aiming to close FY26 in the black, a top official has said. The entity, which came out of a surprising merger between the fintech Slice and the North East SFB a few months ago, is adequately capitalised and not looking to raise any capital, its executive director Rajan Bajaj told PTI. The current focus is to build a pan-India business using the low-cost digital channels, and the entity is not interest ...Read More >
Kolkata: Banks' deposit mobilisation increased 10.4% on-year at the end of June 13, growing faster than the credit expansion of 9.6% and leading to a fall in credit-deposit ratio for the banking system. Reserve Bank of India data showed that this is the highest deposit growth print seen so far in this fiscal, while credit growth remained in single digits since May. The credit deposit ratio stood at 77.84% as compared with 79.39% a year back. There has been a spurt in fixed deposit mobilisation ...Read More >
New Delhi: HDFC Bank has once again slashed its fixed deposit (FD) interest rates. This marks the second cut this month. The bank starting June 25, 2025 has reduced rates by 25 basis points on select FD tenures for deposits below Rs 3 crore. This latest move comes just two weeks after a similar rate cut on June 10, following the Reserve Bank of India's (RBI) decision to lower the repo rate from 6 per cent to 5.5 per cent. As India's largest private bank, HDFC's back-to-back cuts are likely to i ...Read More >
Mumbai: Banks will have to innovate to get fresh deposits as lower interest rates will make it more difficult to attract new savers, said investment experts. Products such as fixed deposit-linked credit cards, sweep-in deposits and savings bank-linked home loans will have to be marketed more as younger savers will continue to move towards capital market products like short-term debt funds, while senior citizens will be increasingly more dependent on government savings schemes, said bankers and i ...Read More >
Mumbai: Banks will have to innovate to get fresh deposits as lower interest rates will make it more difficult to attract new savers, said investment experts. Products such as fixed deposit-linked credit cards, sweep-in deposits and savings bank-linked home loans will have to be marketed more as younger savers will continue to move towards capital market products like short-term debt funds, while senior citizens will be increasingly more dependent on government savings schemes, said bankers and i ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastr ...Read More >
Sakshi Gupta was arrested last night. Kota: One would think their money is safest in a bank. But, in a shocking case, this bond of trust was leveraged by a woman officer of a bank in Rajasthan's Kota to dupe customers of more than Rs 4 crore. Reason: The lure of generating high returns in a short period by investing in stocks. And, she used the money in the accounts of more than 41 customers to achieve that. The fraud continued for two years, but no one in the bank had any idea about it. Saks ...Read More >
KOTA: An ICICI Bank relationship manager in Rajasthan's Kota, Sakshi Gupta, has been arrested for allegedly siphoning off Rs 4.6 crore from 110 accounts of 41 customers from 2020 to 2023 for unauthorised stock market investments that turned into duds, reports Rajiv Saxena.Police said Sakshi concealed the unlawful cash pullouts by replacing registered mobile numbers in several accounts with those belonging to her relatives, ensuring that transaction alerts and OTPs were diverted from actual custo ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict b ...Read More >
Kota: After ICICI Bank's internal investigation pinpointed Sakshi Gupta, a former relationship manager at the bank's DCM branch in Kota, as the key figure behind a multi-crore fraud involving customer accounts, Kota police have launched an investigation to determine if others were involved and requested relevant documents from the bank. Tarun Dadhich, manager of the city's ICICI DCM branch, on Feb 18, 2025, submitted a report at the Udhyog Nagar police station alleging that Gupta, the former rel ...Read More >
JAIPUR: In a massive financial fraud case, a female officer at a private bank in Kota has been arrested for misappropriating over Rs 4.58 crore from customer accounts over a span of three years. The accused, Sakshi Gupta, was serving as a relationship manager at ICICI Bank and is alleged to have diverted funds from fixed deposits to invest in the stock market and faced heavy losses. Police officials revealed that between 2020 and 2023, Gupta illegally withdrew money from 110 fixed deposit acco ...Read More >
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