The Reserve Bank of India's 2024 norms for the voluntary conversion of Small Finance Banks (SFBs) into universal banks, particularly the subjective 'diversified loan portfolio' criterion, are proving to be a significant hurdle, with Ujjivan SFB and Jana SFB having their applications returned.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
Ashok Lahiri, a distinguished economist with experience in government, the private sector, and electoral politics, has been appointed as the new Vice-Chairman of NITI Aayog, tasked with strengthening India's reform trajectory and policy-making.
One 97 Communications Ltd, operating under the Paytm brand, has transitioned to a majority Indian-owned and controlled company, reflecting increased domestic investor confidence and improved financial performance.
Three people were killed and three others injured in two separate road accidents in Etawah district, Uttar Pradesh, India. The incidents involved motorcycle collisions and a pedestrian being struck by a truck.
'We want to become India's topmost integrated studio, working in different languages.'
Kumari Sahodar's body was found on Sunday with a shaved head in a deserted area of Chandrapura village.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
On Raksha Bandhan, the coach got Aazeen and Anaiza to tie rakhis to each other as their mom Natasha Jain holding a thaali of sweets, looked on.
What is the reason behind this drying up of talent for the top post in private banks?
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Television stars celebrate Raksha Bandhan with their siblings.
Raksha Bandhan learn about the famous sister-brother relationships among the gods.
Concerned about the recent rape and murder of a Kolkata doctor, resident doctors and nurses at Mumbai's Sir J J Hospital tied rakhis to police personnel posted on the hospital promises on Raksha Bandhan, demanding increased safety measures for doctors all over the country.
Partha Pratim Sengupta, who will be taking charge as the MD & CEO of Bandhan Bank in early November, has his task cut out. The Kolkata-based lender, which converted itself from a microfinance institution to a universal bank, is in its 10th year of operation. The bank was able to cut down the share of the micro loan book over these years.
Private sector lender IDFC First Bank has lowered its savings account rates and introduced new slabs for small and medium balance categories, effective January 9, 2025, as per its website. The interest slabs and rates for higher balance accounts remain unchanged. Despite the revision, the bank continues to offer one of the highest savings account interest rates in the industry among mid-sized banks.
Is your brother that one person who asks "Aabhi khane mein kya hai?" at least five times a day?
Women tie rakhis to army jawans in Prayagraj ahead of Raksha Bandhan.
Modi accused the JMM, Congress and RJD of using Bangladeshi infiltrators for "vote bank politics," facilitating their settlement in Jharkhand, which is a threat to the state's social structure.
Bollywood celebrates it's favourite festival Raksha Bandhan with cute pictures and messages on social media.
Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure on July 9, 2024, the bank said in a regulatory filing. "After leading the bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level," Ghosh said in a letter addressed to the board.
Film folk celebrate Raksha Bandhan with cute pictures and messages.
Mohammed Siraj shared a heartwarming Raksha Bandhan moment with Zanai Bhosle, granddaughter of legendary singer Asha Bhosle.
Make sure the rider adds value rather than just adding to cost.
Bandhan Bank's managing director (MD) and chief executive officer (CEO) Chandra Shekhar Ghosh (pictured), who has decided to step down, on Wednesday said the bank will need at least three months to identify his successor. He has also written to his employees, asking them "not to worry" over his surprise decision. "Whatever, our experience in the earlier selections, when we selected two executive directors on the basis of that experience we need a minimum three months of time for selection of candidates and then it will go to RBI and then whatever is the time taken by RBI for approval," Ghosh said.
Officials said the government is keen to conform to the convention of the Union Budget for 2026-2027 being presented on February 1 despite it falling on a Sunday in 2026.
India's private-sector banks are likely to lose market share for a second consecutive year in 2025-26, as their loan books continue to expand much slower than overall bank credit.
Largecap equities are less volatile than mid- and smallcap stocks, making them suitable for risk-averse investors.
It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. A year later, in 2015, it started operations. Bandhan's entry into banking was seen as a vote of confidence by the Reserve Bank of India (RBI) for the country's microfinance sector. Subsequently, the RBI awarded small finance bank licences to nine MFIs.
Film folk celebrated Raksha Bandhan over the weekend and posted their happy pictures online.
Get inspired by fashion models on how to ace your traditional style on Raksha Bandhan.
Prime Minister Narendra Modi greeted people on the occasion of Raksha Bandhan on Wednesday and was joined by girl students from different schools at his residence to celebrate the festival.
Glimpses from around India that will make you smile and cry.
Bollywood is celebrating Raksha Bandhan with pictures of their siblings and beautiful accompanying messages.
Kareena Kapoor and Sara Ali Khan posted beautiful pictures of their Raksha Bandhan celebrations on social media.
'I wanted to do something different, so I turned Dharamji into Hardy, making him waddle with Naseer's stick-like Laurel.' 'People enjoyed seeing him in these avatars. When you work with an evergreen superstar like Dharamji, you can make such 'items'.'
With a dip in Covid-19 cases and easing of restrictions, people across the country chose to travel to meet their relatives and celebrate Raksha Bandhan on Sunday, unlike last year when festivities were subdued because of the rampaging pandemic.
Women tie rakhis to Indian Army jawans as part of Raksha Bandhan celebrations in Prayagraj,
Bollywood spent Raksha Bandhan celebrating with their siblings and making sentimental pictures.
Dangerous messaging punctuates every ounce of its storyline wherein dowry is normalised, the kidney is a small price to pay for it, observes Sukanya Verma.
