A new report indicates that UPI has become the dominant payment method for lenders, accounting for over 90% of transactions. The report also highlights trends in investment amounts, diversification strategies, and geographic participation in peer-to-peer lending.
In Rediff's series on modern marriages, young couples from across India discuss how they deal with differences of opinion, lifestyle preferences and personal choices. Here, *Ananya tells Rishika Shah/Rediff how a marriage she thought was built on teamwork fell apart almost overnight.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Police in Kolhapur, Maharashtra, have registered a case against three individuals for allegedly forcing a woman into prostitution to repay an exorbitant interest on a Rs 7,000 loan, which had ballooned to Rs 1.5 lakh.
New capital exposure norms implemented by the Reserve Bank of India (RBI) from July 1 have led to a noticeable drop in trading volumes, with Multi-Commodity Exchange (MCX) options premium ADTV falling by nearly 40 per cent in early July.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
The Internet only wants to sell you the winning part. The masterclass, the framework, the seven habits. Nobody sells you the story of losing.
Shares of major private lenders, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, experienced a sharp selloff after their June-quarter results indicated persistent pressure on net interest margins (NIMs), despite healthy credit growth. This decline overshadowed gains in ICICI Bank and Punjab National Bank (PNB), which reported resilient or stronger-than-expected earnings.
The biggest challenge to widespread deployment is no longer AI. It is the financial and commerce infrastructure that was built decades ago for deterministic software and human interactions -- not autonomous AI agents.
I don't understand how someone so deeply moral can watch young people gather at Jantar Mantar, demanding accountability after another devastating NEET paper leak, and not ask why they have reached that point. I don't understand how Sonam Wangchuk has to sit on a hunger strike to make the country listen. I don't understand how students asking for responsibility from those entrusted with their futures are met with force instead of answers.
With political divisions dominating conversations, can couples with opposing views stay together?
The Indian stock market's movement this week will be significantly influenced by the outcome of US-Iran talks, global crude oil prices, and the trading activities of foreign institutional investors (FIIs), according to market analysts.
International mutual fund schemes have seen a significant resurgence in investor interest, attracting approximately Rs 7,600 crore in net inflows over the past year, a stark reversal from previous outflows, driven by their strong outperformance against domestic markets and limited AI-linked investment opportunities in India.
92 per cent of Indians claim to be happy in their relationships, yet 57 per cent suffer from deep loneliness.
92 per cent of Indians claim to be happy in their relationships, yet 57 per cent suffer from deep loneliness.
'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'
'Banking is the only sector that can see double-digit growth in FY27.'
The most financially successful borrowers will not necessarily be those who have the easiest access to credit. They will be the ones who understand how to manage it wisely
An 11-year-old girl was allegedly kidnapped while sleeping beside her family on a pavement, raped and murdered in south Delhi's Mehrauli area, an official said on Tuesday.
A former deputy mukhiya was allegedly shot dead at his residence in Jharkhand's West Singhbhum district, police said on Monday.
From selling vacuum cleaners to Bollywood's poetic soul, Swanand Kirkire reveals the grit, heartbreaks, and coincidences behind his most iconic songs and life's journey.
Indian IT service providers face heightened competition from AI-native firms in the next three years, potentially eroding their revenue base unless they remain competitive and protect recurring businesses, according to a report by S&P Global Ratings.
A Class 8 student in Bengaluru died by suicide, with her parents alleging harassment and humiliation by school staff. The education department has launched an inquiry into the incident, which occurred after the girl and classmates complained about a teacher's harsh behaviour.
Unified Payments Interface (UPI) transactions moderated slightly in June from a record high in May, reaching Rs 28.9 lakh crore. Despite a month-on-month decrease in volume, the daily average transactions hit a new high, indicating UPI's strong adoption for low-value payments. The platform also demonstrated significant annual growth and expanding international presence.
"If you share a healthy relationship with your parents, let them know that while they are searching, you are open to meeting other men," counsels rediffGURU Shalini Singh, founder of andwemet, an online matchmaking service.
Suicides in India have increased one-and-a-half times since 2000, with daily wage earners and family problems being the leading causes.
An employee whose financial future is 60-80 per cent dependent on a single company's growth trajectory has no genuine safety net.
Switzerland will host the next global AI summit in June 2027 in Geneva, aiming to establish stable processes for AI governance and promote its responsible use. Building on previous summits, including one in New Delhi, the event will focus on AI as a driver of prosperity and human-centred innovation, bringing together governments, organisations, and civil society to address global challenges.
It's absolutely okay for two partners in a relationship to be widely different in their likes and dislikes, says rediffGURU Anu Krishna.
A 60-year-old woman and her 35-year-old daughter were brutally murdered in Odisha's Sambalpur district, allegedly due to suspicions of practising witchcraft. Police have identified a local youth as the primary suspect and are investigating the motive behind the heinous crime.
Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.
A 36-year-old woman teacher in Thane was allegedly cheated of Rs 20.44 lakh by a man who promised her a receptionist job, a post office franchise, and a house, providing fake documents for each.
Non-banking financial companies (NBFCs) in India saw their overall credit growth accelerate to 14.2 per cent year-on-year in May, primarily driven by significant increases in loans against gold jewellery and commercial real estate, according to recent Reserve Bank of India (RBI) data.
The Nifty's stunning 200-point jump in the final minute of trading wasn't a glitch. It marked India's shift to a new, globally accepted system of end-of-day price discovery.
Millions of EPFO subscribers can now check whether 8.25% annual interest for FY2025-26 has been credited to their provident fund accounts.
India's IT Secretary S Krishnan announced that the government is considering a dedicated regulatory framework for Artificial Intelligence, moving beyond existing IT rules to address challenges like deepfakes and synthetic content. This comes as global policymakers grapple with AI's rapid emergence and its implications.
It is plain to see that the US senate bill's real objective is to derail India's time-tested strategic partnership with Russia, points out Ambassador M K Bhadrakumar.
That means making it easier to invest, protecting investors through predictable rules, and avoiding policy reversals after investments have been made, notes Rajeswari Sengupta.
