All stories by Harsh Kumar
Who Will Be The Next SBI Chief?
Rediff.com3 days ago'The FSIB will conduct interviews for the SBI chairman position on May 21-22 as the tenure of the current chairman Dinesh Kumar Khara is scheduled to end by August.'
Next-gen politicians battle it out for Samastipur
Rediff.com9 May 2024'Dynastic politics has become a tool of convenience for political parties. The BJP does not hesitate to accept it when it comes to its own alliance or party candidates. The same goes for the others.'
'Govt won't privatise GIC Re at this stage'
Rediff.com5 May 2024'Because it is the only public sector company in this sector, currently.'
Payments banks bat for new model, pin hopes on lending licence amid stress
Rediff.com29 Apr 2024Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter. The industry has been in talks with the Reserve Bank of India (RBI) for some time in seeking lending rights.
Cautious approach: Small finance bank model in the slow lane, say experts
Rediff.com24 Apr 2024The small finance bank model may still be testing the water some 10 years since its launch. According to banking experts, the regulator has taken a cautious approach in granting approvals. Unity Small Finance Bank was the last one to get a licence in the category in November 2021.
PSBs may be allowed to transfer unclaimed shares to IEPF
Rediff.com14 Apr 2024The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public-sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed by the investors for seven consecutive years. "While Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, allows the transfer of unclaimed dividends to the IEPF, it, however, does not mention a provision for transferring unclaimed shares and may now be amended by the next government to allow such transfers to happen," said a person familiar with the matter.