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Income tax dept conducts survey at Hinduja group firm
The income tax department on Wednesday conducted a survey operation at Hinduja Global Solutions, an entity of the Hinduja Group, in Mumbai and some other cities, official sources said. IMAGE: The......
Bandhan Bank's micro challenges: Unsecured loan book, CEO's tenure
It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. Photograph: Rupak De Chowdhuri/Reuters A year later, in......
Credit-deposit ratio inched up in Q3
Credit-to-deposit (CD) ratio of major public sector and private sector banks during the October-December quarter of FY24 inched up as compared to the previous quarter though government-owned......
RIL, bank stocks drag Sensex down by 790 points
Benchmark Sensex tanked more than 1 per cent while Nifty declined below the 22,000 level on Wednesday pulled down by selling in heavyweight Reliance Industries and bank stocks amid weak global......
Investors become poorer by Rs 6 lakh cr as markets crash
Investors' wealth eroded by Rs 6 lakh crore in a single day on Wednesday as the BSE benchmark Sensex tumbled over 790 points. Photograph: PTI Photo from the Rediff Archives The 30-share BSE......
New Challenges Facing Banks
As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com ......
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