Archis Mohan, Abhijit Lele

Stories by Archis Mohan, Abhijit Lele

Haryana Polls Promise Thrilling Contests

Haryana Polls Promise Thrilling Contests

Rediff.com   23 Sep 2024

The BJP has fielded as many as 10 turncoats, including those who joined the party from the JJP in recent weeks.

The Political Mystique Of Sitaram Yechury

The Political Mystique Of Sitaram Yechury

Rediff.com   13 Sep 2024

Sitaram Yechury strived to have the country's Left movement shed its doctrinaire approach to India's socio-cultural complexities and stitch electoral and social alliances to fight the Sangh Parivar.

After UPI and ULI, banks to set up Unified Recovery Interface

After UPI and ULI, banks to set up Unified Recovery Interface

Rediff.com   9 Sep 2024

Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).

'We Have To Defeat The BJP'

'We Have To Defeat The BJP'

Rediff.com   7 Sep 2024

The Congress has proposed AAP should contest five seats while the Samajwadi Party and Left parties could contest one seat each.

Modi To Stay Put In New York On US Visit

Modi To Stay Put In New York On US Visit

Rediff.com   4 Sep 2024

Over 24,000 people have registered for the 'Modi & US Progress Together' event in Uniondale, New York.

BJP Close To 100 Mark In Rajya Sabha

BJP Close To 100 Mark In Rajya Sabha

Rediff.com   22 Aug 2024

The only occasion when the BJP had 100 seats in the Upper House was in 2022.

'Rates to remain elevated for bulk deposits'

'Rates to remain elevated for bulk deposits'

Rediff.com   21 Aug 2024

'In the case of corporate credit, especially to AAA borrowers, lenders will have to take a fresh look at pricing.'

Results review: PSBs' net profit grows 16% to Rs 39,974 crore in Q1

Results review: PSBs' net profit grows 16% to Rs 39,974 crore in Q1

Rediff.com   13 Aug 2024

Public sector banks (PSBs) posted 16.1 per cent year-on-year (Y-o-Y) growth in net profit at Rs 39,974 crore during the June 2024 quarter. While net interest income (NII) showed subdued growth of 7.1 per cent, provisions and contingencies declined by 10.5 per cent Y-o-Y. This aided the bottom line to show steady growth.

Private banks' bottom line remains healthy in Q1, bad loans inch up

Private banks' bottom line remains healthy in Q1, bad loans inch up

Rediff.com   7 Aug 2024

Private banks' net profit grew 26.3 per cent year-on-year (Y-o-Y) to Rs 48,982 crore in the first quarter ended June 2024 (Q1FY25) owing to healthy growth in credit and other income. The gross non-performing assets (GNPAs) increased with the end of dispensation granted during the pandemic, according to the data compiled by BS Research Bureau for listed 18 private banks.

'Wealth Is Concentrated In A Few Hands'

'Wealth Is Concentrated In A Few Hands'

Rediff.com   30 Jul 2024

'The top 10 per cent of the population should adopt and handhold the bottom 20 per cent of the population as a social responsibility.'

BJP States Go All Out With Populist Schemes

BJP States Go All Out With Populist Schemes

Rediff.com   20 Jul 2024

Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.

Who Is To Be Blamed For BJP's UP Loss?

Who Is To Be Blamed For BJP's UP Loss?

Rediff.com   20 Jul 2024

There was an 8% decline in the BJP's vote share across six regions in UP, and that some OBC castes moved away from the BJP.

Guess Who Scuttled Karnataka Job Quota Bill?

Guess Who Scuttled Karnataka Job Quota Bill?

Rediff.com   19 Jul 2024

A Congress source termed the process of drafting and presenting of the Bill before the state cabinet on Monday as a "unilateral" effort by the chief minister's office and ministers that are close to him.

Siddaramaiah Goes Backfoot On Local Quota Bill

Siddaramaiah Goes Backfoot On Local Quota Bill

Rediff.com   18 Jul 2024

Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.

Why's Naidu Visiting Delhi Again?

Why's Naidu Visiting Delhi Again?

Rediff.com   17 Jul 2024

Unlike the previous visit, where TDP MPs accompanied Naidu to meetings, sources termed the current visit as "low profile", with one-on-one meetings with key Union ministers.

Tyger Capital to list by next year, targets Rs 20,000 crore book

Tyger Capital to list by next year, targets Rs 20,000 crore book

Rediff.com   12 Jul 2024

Bain Capital-backed Tyger Capital is planning to list its shares on the Indian stock exchanges by the next financial year and is targeting to grow its assets under management by four times to Rs 20,000 crore in five years from Rs 5,000 crore now, Gaurav Gupta, MD and CEO of the firm said. In an exclusive interview, Gupta said that keeping with the growing business, the finance company expects to on-board 600 people in the current financial year as it is opening 60-65 new branches for broad-basing its network in the country.

Result preview: Cost of deposits to weigh on banks' margins in Q1

Result preview: Cost of deposits to weigh on banks' margins in Q1

Rediff.com   12 Jul 2024

Despite steady loan growth, the banking sector is expected to report subdued margins in the quarter ending June 2024 (Q1FY25), driven by high demand for deposits amidst tight liquidity conditions. However, according to Bloomberg analysts, listed banks are forecasted to see a 14.5 per cent year-on-year (Y-o-Y) increase in net profit. Estimates showed that banks' net interest income (NII), and revenues from interest minus interest expenses might grow 11.9 per cent Y-o-Y.

Why Did Naidu Meet Modi?

Why Did Naidu Meet Modi?

Rediff.com   5 Jul 2024

According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.

Haryana: Can Congress Repeat Lok Sabha Success In Assembly Polls?

Haryana: Can Congress Repeat Lok Sabha Success In Assembly Polls?

Rediff.com   5 Jul 2024

'Arithmetic could decide the Haryana election given the presence of multi-cornered contests.'

C S Setty: SBI's New Boss

C S Setty: SBI's New Boss

Rediff.com   1 Jul 2024

'You will see him frequently asking customers -- especially retail -- about service experience, pain points, areas of improvement and suggestions.'