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Govt warns against new scam targeting potential investors

A new cyber fraud known as 'pig butchering scam' or 'investment scam' has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money......

'Who Does Not Want To Be Prime Minister?'

'We are going to need more technical people in government.''You can't expect a generalist to understand the complicated world of financial engineering.''I regret to say that most of our politicians......

Will Poll Gamechanger Laadki Bahin Continue?

'I wonder if they will keep it up after the elections.''I fear they'll start questioning eligibility -- income, age, bank accounts -- and eventually stop the scheme altogether.' IMAGE: Prime......

Played with people's life: No bail to Raut aide in Covid centre scam

A special court in Mumbai on Monday denied bail to businessman Sujit Patkar, an aide of Shiv Sena-Uddhav Balasaheb Thackeray MP Sanjay Raut, in the alleged COVID treatment centres scam, noting he......

Rediff's Wave Rider Retires!

After steering the Rediff mothership for close to 29 years, Ajit Balakrishnan, founder, chairman and CEO, did what few businessmen in this country do -- R-E-T-I-R-E. On August 2, 2024, we were......

Small Town India Falls In Love With MFs

More than 50 per cent of SIP accounts come from semi-urban and rural areas. Illustration: Uttam Ghosh/Rediff.com India's smaller cities and rural areas give a wider picture of how the economy is......

NPCI Lists Digital Scam Warning Signs

UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents. Illustration: Uttam Ghosh/Rediff.com   With incidents of online frauds,......

'Har Ghar Lakhpati': SBI's new mantra for deposit accretion

At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI) — the country’s largest lender — has devised a three-pronged strategy to boost......

How Bank of India Plans To Counter Deposit Woes

A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business. Illustration: Dominic Xavier/Rediff.com Bank of India (BoI) will focus on 1,000......

'Lending rate cut still some time away'

Union Finance Minister Nirmala Sitharaman’s call for making lending rates affordable may not resonate anytime soon as banks still struggle with margin compression, and await clues from the......

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