Hyderabad, June 23 (IANS) In a major heist, the driver of an ATM cash replenishment van fled with Rs 17 lakh in Hyderabad on Tuesday, police said.The incident took place on the Rein Bazaar–Santosh Nagar Main Road, under the limits of IS Sadan Police Station, while cash was being transported for ATM replenishment.According to police, the driver allegedly made away with Rs 17 lakh that was stored in a cash box inside the vehicle.The accused is believed to have meticulously planned and executed t…
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Surat, June 3 (IANS) The Surat City Police have arrested 77 people across several states and registered 58 cyber fraud cases after a three-day operation targeting mule account networks used to move and conceal proceeds from online scams, uncovering fraud transactions worth Rs 23.85 crore and freezing more than Rs 1.04 crore linked to the accounts under investigation. The action was carried out under “Operation Mule Hunt 2.0”, a special drive conducted from May 31 to June 2 under the direct s…
New Delhi, May 23 (IANS) Minister for Social Welfare and Cooperatives Ravinder Indraj Singh on Saturday inaugurated the Delhi Nagrik Sahakari Bank Limited’s ATM and Debit Card facilities.Ravinder Indraj Singh said at a programme, organised at Hindi Bhawan, ITO, that the bank has also introduced its Gold Loan facilityThe Bank shared details of various new initiatives aimed at expanding digital banking services and providing customers with a more convenient and modern banking experience.Addressi…
New Delhi, April 24 (IANS) Both cash and digital are indispensable for India and complement each other but there is a marginal substitutability, as a household may use UPI for many retail small payments but still keep cash at home for emergencies or informal transactions, a new SBI Research report said on Friday.Notably, India has launched Central Bank Digital Currency (CBDC) but the e-Rupee circulation is at a very small amount of Rs 1,016 crore till March 2025, and there is a need for further …
Hyderabad, April 12 (IANS) Two employees of a cash management agency in Hyderabad allegedly fled with Rs 1.20 crore meant for deposit in the ATMs. According to a complaint lodged by CMS Info Systems Limited with the Hyderabad Police, the two employees were missing for two days.Naveen, the company’s branch manager in Secunderabad, complained to the police that the employees Vasireddy and Lateef have not reported for duty for two days. They were also not reachable by phone.SR Nagar police regist…
New Delhi, March 3 (IANS) India’s largest private lender HDFC Bank has said that the UPI-based cash withdrawals will be counted as part of customers’ monthly free ATM transaction limits.The new development will come into effect starting April 1, according to the official statement.In a communication to account holders, the bank stated that cardless UPI cash withdrawals will no longer be treated as a separate category.Instead, they will be bundled with traditional debit card withdrawals when ca…
Mumbai, Feb 24 (IANS) Shares of IBM saw their sharpest single-day fall in more than 25 years after new fears emerged about how artificial intelligence could hurt one of the company’s most stable businesses.The stock dropped 13.2 per cent to close at $223.35, marking its biggest one-day decline since October 18, 2000.IBM’s shares are now down around 25 per cent so far this year as investors rethink how fast AI could change the economics of enterprise software and IT services.The sell-off was …