News for 'Bank Guarantee'

It's A Raja Versus Runk Contest In Mysuru

It's A Raja Versus Runk Contest In Mysuru

Rediff.com12 Apr 2024

While Wadiyar, scion of the erstwhile Mysuru royal family, is making his political debut from the Mysore Lok Sabha segment, Lakshmana is state Congress spokesperson and Chief Minister Siddaramaiah's confidant.

Join Ajit, Shinde instead of...: Modi to Pawar, Uddhav

Join Ajit, Shinde instead of...: Modi to Pawar, Uddhav

Rediff.com10 May 2024

"The nakli Shiv Sena wants to bury me alive. They abuse me in such a way that it will be liked by their favourite vote bank," Modi said.

Karnataka govt starts cash disbursal instead of 5 kg rice

Karnataka govt starts cash disbursal instead of 5 kg rice

Rediff.com10 Jul 2023

Karnataka Chief Minister Siddaramaiah on Monday launched payment of cash in lieu of the additional 5 kg of rice to beneficiaries under the government's 'Anna Bhagya' scheme.

PMC scam fallout: Bank deposit insurance cover to be hiked

PMC scam fallout: Bank deposit insurance cover to be hiked

Rediff.com15 Nov 2019

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.

We enter their homes and kill terrorists: Modi

We enter their homes and kill terrorists: Modi

Rediff.com30 Apr 2024

"During the Congress regime, the news headlines were of India handing over another dossier to Pakistan about terror activities. Some of our friends in media used to clap after such any such dossier was sent," Modi said at an election rally in Maharashtra's Latur.

Govt open to bring any change in Agnipath scheme if...: Rajnath

Govt open to bring any change in Agnipath scheme if...: Rajnath

Rediff.com29 Mar 2024

Defence Minister Rajnath Singh on Thursday defended the Agnipath scheme underlining that the future of youths joining as Agniveers would not be impacted, even as he said the government was 'open' to bring any change in it 'if required'.

Govt seeks to infuse Rs 20,000 cr in public sector banks

Govt seeks to infuse Rs 20,000 cr in public sector banks

Rediff.com14 Sep 2020

This is part of the first batch of Supplementary Demands for Grants for 2020-21 moved by Finance Minister Nirmala Sitharaman in the Lok Sabha.

BCCI terminates Pune Warriors from IPL over non-payment of franchise fee

BCCI terminates Pune Warriors from IPL over non-payment of franchise fee

Rediff.com26 Oct 2013

The contract of Indian Premier League (IPL) franchise Sahara Pune Warriors has reportedly been terminated by the Board of Control for Cricket in India (BCCI) for their failure to pay a bank guarantee of Rs. 174 crores.

'Palestinians live in an open prison'

'Palestinians live in an open prison'

Rediff.com29 Jan 2024

'Israelis arrested us before this war and continue to do so -- even more so -- now.'

Jalan-Kalrock consortium gets 6 more months to pay & take control of Jet

Jalan-Kalrock consortium gets 6 more months to pay & take control of Jet

Rediff.com13 Jan 2023

The National Company Law Tribunal (NCLT) on Friday approved the transfer of ownership of bankrupt-Jet Airways to the Jalan Kalrock consortium and gave the winning bidder more time to pay the dues to the creditors. The latest rulings have come on two petitions filed by the consortium. One plea pertained to approval of transfer of ownership and the second one related to extension of time for the payment of dues to the creditors. Earlier, the tribunal had given time till November 16, 2022 for the consortium to make the payments to the creditors of the airline.

Can Congress reverse fortunes after 2 consecutive LS poll defeats?

Can Congress reverse fortunes after 2 consecutive LS poll defeats?

Rediff.com17 Mar 2024

It is in power on its own only in three states -- Karnataka, Himachal Pradesh and Telangana -- with a big question mark on whether it can even stake claim to be head of the INDIA bloc.

'They want to suffocate our voices'

'They want to suffocate our voices'

Rediff.com23 Feb 2024

'Farmers have been sent notices in which the government is threatening that if you will join the movement, then we will impound your ancestral properties.' 'We will seal your bank accounts.' 'We will revoke the passports of your kids.'

Loan recast: FM to meet heads of banks, NBFCs on Thursday

Loan recast: FM to meet heads of banks, NBFCs on Thursday

Rediff.com2 Sep 2020

Banks are in the process of getting a board-approved restructuring framework in line with the RBI's framework and eligibility defined by the central bank.

Will bank customers pay for higher depositors' insurance?

Will bank customers pay for higher depositors' insurance?

Rediff.com3 Feb 2020

'The banks cannot pass on the hike in premiums to its customers, according to the norms. The premium won't go up substantially in any case and may be hiked to 12-13 paise (per deposit of Rs 100 a year),' Finance Secretary Rajiv Kumar said.

How To Align Your Portfolio This Year

How To Align Your Portfolio This Year

Rediff.com23 Jan 2024

The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.

Indian banks have a plan to save Vodafone

Indian banks have a plan to save Vodafone

Rediff.com9 Aug 2021

Conversion of debt of the stressed telecom player Vodafone Idea Ltd (VIL) into equity could be an option to emerge out of the crisis, lenders led by State Bank of India (SBI) have suggested to Department of Telecommunications (DoT). DoT had called senior bank officials on Friday to discuss the stress in the telecom sector arising out of the Supreme Court order last month on the adjusted gross revenue (AGR)-related dues payable by telecom majors, including Vodafone Idea and Bharti Airtel, sources said. The top court has given a time period of 10 years to telecom service providers struggling to pay Rs 93,520 crore of AGR-related dues to clear their outstanding amount to the government.

Govt waived anti-corruption clauses before Rafale deal: Report

Govt waived anti-corruption clauses before Rafale deal: Report

Rediff.com11 Feb 2019

The Centre also overruled financial advisers' recommendations for making payments through an escrow account, an important safeguard in the absence of a sovereign or bank guarantee, The Hindu has reported.

BSNL not to cut Tata Tele's connection

BSNL not to cut Tata Tele's connection

Rediff.com5 Oct 2005

In a major relief to Tata Tele Services, state-owned BSNL on Wednesday decided not to disconnect interconnection with the private telecom operators and also asked its officials not to encash the bank guarantee to recover dues.

RBI's 3-pronged strategy to revive PMC Bank

RBI's 3-pronged strategy to revive PMC Bank

Rediff.com5 Feb 2021

the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.

Governor Das to meet private bank CEOs on credit, liquidity concerns

Governor Das to meet private bank CEOs on credit, liquidity concerns

Rediff.com9 Jul 2019

The overarching talking point will be the reluctance on the part of private banks to loosen their purse strings and increase lending substantially, even as the central bank believes there is adequate liquidity within the system.

Will PMC Bank find salvation?

Will PMC Bank find salvation?

Rediff.com6 Mar 2021

Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.

Future of digital payments in India

Future of digital payments in India

Rediff.com20 Mar 2024

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'

HC directs Lingaa producer to deposit Rs 10 crore in bank

HC directs Lingaa producer to deposit Rs 10 crore in bank

Rediff.com11 Dec 2014

The film will then get a release on December 12.

Is Rahul Dividing India To Rule?

Is Rahul Dividing India To Rule?

Rediff.com3 Jul 2024

Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.

Cong gets fresh IT notices for Rs 1,800 cr; alleges it's tax terrorism

Cong gets fresh IT notices for Rs 1,800 cr; alleges it's tax terrorism

Rediff.com29 Mar 2024

Ramesh alleged that through the "electoral bonds scam", the Bharatiya Janata Party has collected Rs 8,200 crore and used the route of "pre-paid, post-paid, post-raid bribes and shell companies".

Modi shares winning formula with BJP workers in Kerala

Modi shares winning formula with BJP workers in Kerala

Rediff.com17 Jan 2024

Addressing a gathering of around 6,000 in-charges of 'Shakti Kendras,' each comprising two to three booth-level areas, at Marine Drive, the prime minister said that Kerala has the potential to influence who will be in power in Delhi.

Nirmalaji And Why I Quit The Government

Nirmalaji And Why I Quit The Government

Rediff.com15 Jan 2024

She said I treated her like a bachchi. At another moment, she said I had gone to various people and 'bitched' about her. She also threatened to bring the entire matter to the PM's notice. A revealing excerpt from Subhash Chandra Garg's We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.

Indian cos directly invested $1.8 bn overseas in May: RBI

Indian cos directly invested $1.8 bn overseas in May: RBI

Rediff.com14 Jun 2013

Overall Indian companies issued guarantees worth $1.21 billion, extended loans worth $291 million and pumped in equities worth $319 million.

MFs Vs NPS? What Suits YOU?

MFs Vs NPS? What Suits YOU?

Rediff.com3 Jun 2024

Ramalingam Kalirajan explains the pros and cons of both investment types.

Guaranteed returns for golden years? Go for annuities

Guaranteed returns for golden years? Go for annuities

Rediff.com6 Oct 2017

Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh

Karnataka govt to roll out Anna Bhagya, provide cash for now

Karnataka govt to roll out Anna Bhagya, provide cash for now

Rediff.com30 Jun 2023

Facing difficulty in procuring large quantities of rice required to fulfil its poll guarantee, the state government on Wednesday decided to pay cash into the beneficiaries' accounts at the rate of Rs 34 per kilo, for the additional 5kg of rice under the free rice scheme.

Attractive valuations make ICICI Prudential Life Insurance a long term buy

Attractive valuations make ICICI Prudential Life Insurance a long term buy

Rediff.com26 Oct 2023

ICICI Prudential Life Insurance Company (IPru) is struggling to generate growth in the value of new business (VNB). This is due to a combination of weak growth through the parent bank's channels, a shifting product mix in favour of unit-linked life insurance policies (ULIPS), and higher payouts to third-party channels. Leverage from current investments, a further reduction in contributions from ICICI Bank, and a pick-up in non-participating policies from the end of the year is key for this metric in the near to medium term.

Interest waiver: Banks start crediting accounts

Interest waiver: Banks start crediting accounts

Rediff.com4 Nov 2020

Banks have started refunding borrowers the compound interest charged on specified loan accounts during the moratorium period. Last week, the Reserve Bank of India (RBI) had asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5.

BJP resorts to cartoon campaign against Cong LS candidates in Chhattisgarh

BJP resorts to cartoon campaign against Cong LS candidates in Chhattisgarh

Rediff.com17 Mar 2024

While the BJP said it has only portrayed some incidents, which happened during the previous Congress regime through the cartoons which are not meant to hurt anyone, the grand old party accused it of releasing such illustrations out of frustration.

Tatas may meet JLR funding sans loan guarantees

Tatas may meet JLR funding sans loan guarantees

Rediff.com11 Aug 2009

Tata Motors on Tuesday said it expects to meet the funding requirement for the British marquees Land Rover without the loan guarantees from the UK government, which welcomed the development.

RBI's TLTRO 2.0 gets cold-shoulder from banks

RBI's TLTRO 2.0 gets cold-shoulder from banks

Rediff.com25 Apr 2020

Such cold-shoulder by banks also indicates a credit freeze that is hard to overcome, unless the government comes out with credit guarantee schemes for loans given by banks. Since that is not happening, and there is no indication of that too, banks are not willing to listen to RBI prodding.

'Destitution and starvation will go...'

'Destitution and starvation will go...'

Rediff.com28 Jul 2023

'We cannot leave our entire unorganised sector to the vagaries of market forces.'

AAI asks GoAir to pay Rs 15 crore of dues

AAI asks GoAir to pay Rs 15 crore of dues

Rediff.com13 Apr 2016

The aircraft has accumulated these dues off route navigation, landing and parking at its airports.

7 Ways to Conquer Debt, Build Wealth

7 Ways to Conquer Debt, Build Wealth

Rediff.com25 Jan 2024

Break the chains of debt, invest in your future, and wave the flag of financial independence high. Freedom awaits, comrades. Let's conquer this battlefield together this Republic day, exhorts Vatsal Ramaiya.