News for 'Bank of India and Bank of Maharashtra'

'As long as I am in Delhi, nobody can divide Maharashtra'

'As long as I am in Delhi, nobody can divide Maharashtra'

Rediff.com7 Oct 2014

Dismissing opposition charges, Prime Minister Narendra Modi ruled out dividing Maharashtra to separate Mumbai from the state.

'We Are Angry Because They Failed Us Again'

'We Are Angry Because They Failed Us Again'

Rediff.com26 Oct 2023

'We want to send Indians on the moon and create history, but we don't want to accept the reality that is happening on earth.'

Consumer durable firms bank on freebies to beat slowdown

Consumer durable firms bank on freebies to beat slowdown

Rediff.com26 Aug 2014

Anticipation of weak sales this festive season due to deficient monsoon, especially outside big cities.

Bharat bandh enters day 2; normal life hit in parts of country

Bharat bandh enters day 2; normal life hit in parts of country

Rediff.com29 Mar 2022

According to reports, public transport and banking services remain partly disrupted for the second day in some states.

Can't Defeat Modi Using Caste Census!

Can't Defeat Modi Using Caste Census!

Rediff.com19 Oct 2023

Will a caste census make tens of millions desert Mr Modi?, asks Shekhar Gupta.

Prospects For India's Youth: Cloudy, With High Chance Of Thunder And Lightning

Prospects For India's Youth: Cloudy, With High Chance Of Thunder And Lightning

Rediff.com6 Oct 2022

The country's demographic dividend is dissipating, with seriously adverse consequences for young India, asserts Shankar Acharya, former Chief Economic Adviser to the Government of India.

Congress to bank on Mahatma Gandhi to ensure 'BJP-free India' in 2019

Congress to bank on Mahatma Gandhi to ensure 'BJP-free India' in 2019

Rediff.com2 Oct 2018

The party will launch its 'Sevagram Se Sangram' likening its fight against Modi-led government to the freedom struggle against the British.

BJP trying to subvert democracy in Maharashtra: Sonia

BJP trying to subvert democracy in Maharashtra: Sonia

Rediff.com28 Nov 2019

Addressing the Congress Parliamentary Party meeting in Parliament House, she also attacked the governor of the state, Bhagat Singh Koshyari, saying he had acted in an "unprecedented and reprehensible manner".

Narco-terror nexus: NIA raids 324 places in 9 states, UTs; several detained

Narco-terror nexus: NIA raids 324 places in 9 states, UTs; several detained

Rediff.com17 May 2023

The NIA had registered three cases last year following information suggesting that terrorist outfits and their sympathisers abroad were operating as members of organised criminal gangs active in the northern states of India for targeted killings and violent criminal acts.

I-T sleuths raid unrecognised political parties across India

I-T sleuths raid unrecognised political parties across India

Rediff.com7 Sep 2022

The income tax department on Wednesday conducted raids in multiple states as part of a pan-India tax evasion probe against certain registered unrecognised political parties (RUPP) and their alleged dubious financial transactions, official sources said.

Govt portal pins 285,000 missing mobile phones, but only 20,771 recovered

Govt portal pins 285,000 missing mobile phones, but only 20,771 recovered

Rediff.com24 Jul 2023

The Central Equipment Identity Register (CEIR) of the department of telecommunications (DoT) has traced 285,000 lost or stolen mobile phones and blocked 680,000 devices since being launched. However, recoveries remain relatively low at 20,771 devices. According to government estimates, around 50,000 mobile phones are stolen every month in the country. Launched nationwide on May 16, the CEIR is a part of the DoT's Sanchar Saathi portal. It is the primary government platform aimed at protecting mobile phone users from various frauds such as identity theft, forged KYC, theft of mobile devices and banking frauds.

Curtains down on MP poll campaign; 2,533 candidates in race for 230 seats

Curtains down on MP poll campaign; 2,533 candidates in race for 230 seats

Rediff.com16 Nov 2023

Electioneering ended in Madhya Pradesh at 6 pm except in Naxalites-hit districts of Balaghat, Mandla and Dindori, where campaigning drew to a close early at 3 pm.

ED files chargesheet against journalist Rana Ayyub

ED files chargesheet against journalist Rana Ayyub

Rediff.com13 Oct 2022

The federal agency filed its prosecution complaint against Ayyub before a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad (Uttar Pradesh) on October 12.

BJP reaches out to allies; invites Paswan, Manjhi to NDA meet

BJP reaches out to allies; invites Paswan, Manjhi to NDA meet

Rediff.com15 Jul 2023

The BJP's outreach to Paswan, son of late stalwart Dalit leader Ram Vilas Paswan, underscores its push to bring him back into the NDA's fold after he walked out of the alliance in Bihar in the 2020 state assembly polls to campaign against Chief Minister Nitish Kumar, who was then the BJP's biggest ally.

PSB reforms only on paper; 10 don't even have chairman

PSB reforms only on paper; 10 don't even have chairman

Rediff.com10 Aug 2021

The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.

When an American professor worked at the RBI...

When an American professor worked at the RBI...

Rediff.com10 Aug 2020

'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.

Festivities, polls prompt govt to keep tabs on food price movement

Festivities, polls prompt govt to keep tabs on food price movement

Rediff.com28 Sep 2023

Amid the ongoing festival season and ahead of the elections for five state assemblies, the Centre is closely monitoring inflation, particularly in food items, to enable it to take steps to increase their supplies. "There is a complete no-nonsense attitude when it comes to food inflation, and instructions have been issued at all levels to be very sensitive to any possible price movements in any commodity," a senior official explained. Sources have said that all departments dealing with food items have been instructed to keep a close eye on all commodities and maintain a weekly record of their price movements.

Pawar's stand on Adani will not affect Oppn unity: Raut

Pawar's stand on Adani will not affect Oppn unity: Raut

Rediff.com8 Apr 2023

The Shiv Sena-Uddhav Balasaheb Thackeray on Saturday said Nationalist Congress Party president Sharad Pawar not favouring formation of a Joint Parliamentary Committee (JPC) to probe allegations against the Adani group will not lead to cracks in opposition unity.

SC to hear Rana Ayyub's plea against ED summons on Monday

SC to hear Rana Ayyub's plea against ED summons on Monday

Rediff.com22 Jan 2023

Grover had said a summons was issued by the special court in Ghaziabad against Ayyub for January 27 and therefore the matter be listed urgently.

India's 2nd largest PSB is finally born

India's 2nd largest PSB is finally born

Rediff.com1 Apr 2019

BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.

SC to hear Rana Ayyub's plea against ED summons

SC to hear Rana Ayyub's plea against ED summons

Rediff.com17 Jan 2023

The Supreme Court on Tuesday agreed to hear the petition of journalist Rana Ayyub challenging the summons issued to her by a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad in a money laundering case lodged against her by the Enforcement Directorate (ED).

Bain to buy 90% stake in Adani Capital and Adani Housing for Rs 1,600 cr

Bain to buy 90% stake in Adani Capital and Adani Housing for Rs 1,600 cr

Rediff.com24 Jul 2023

The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs 1,440 crore. The total valuation of the Adani financial services business stands at Rs 1,600 crore. Gaurav Gupta, managing director (MD) and chief executive officer (CEO) of the Adani firms will hold the rest of the stake.

Bad loan recovery process can get worse

Bad loan recovery process can get worse

Rediff.com22 Sep 2022

Since the bankcuptcy law came into effect from December 2016, with every quarter, the recovery rate has progressively been going down, notes Tamal Bandyopadhyay.

World champs Aditi and Deotale's journey started from same sugarcane farmland

World champs Aditi and Deotale's journey started from same sugarcane farmland

Rediff.com6 Aug 2023

Pravin Sawant now hopes his archery training academy, built on one-acre sugarcane farmland, will finally get due recognition, after producing India's two world champions Aditi Swami and Ojas Deotale.

Maharashtra makes way for e-payment of stamp duty

Maharashtra makes way for e-payment of stamp duty

Rediff.com27 Oct 2011

To bring in more transparency, the Maharashtra government will launch e-payment gateways for stamp duty and registration charges.

In Abe's death India loses a very dear friend

In Abe's death India loses a very dear friend

Rediff.com8 Jul 2022

With a 'tilak' on his forehead and a 'puja thali' in his hands, Shinzo Abe's picture attending the 'Ganga aarti' alongside Prime Minister Narendra Modi at the fabled Dashashwamedh Ghat in Varanasi in 2015 symbolised his 'India connect' and reflected the very special bond he shared with the country.

'You will see more Muslims getting ticket from BJP'

'You will see more Muslims getting ticket from BJP'

Rediff.com31 Jan 2024

'The tragedy with Indian Muslims is that they do politics from the heart, not from the head.'

SBI may lower home, retail loan rates

SBI may lower home, retail loan rates

Rediff.com5 Sep 2007

State Bank of India (SBI), the country's largest lender, is likely to reduce interest rates on home loans and other retail loans by next week, to coincide with the start of the festive season.

Modi's Rs 200 bn drought package for Maharashtra

Modi's Rs 200 bn drought package for Maharashtra

Rediff.com6 Jun 2018

'The package is for the distressed farmers who are committing suicide due to the severe drought,' Nitin Gadkari tells Arup Roy Choudhury and Sanjeeb Mukherjee.

How India stands to gain from global diesel shortage

How India stands to gain from global diesel shortage

Rediff.com5 Dec 2022

A looming global shortage of diesel in Europe presents India with more than one opportunity to profit from strong margins. A shortage of the fuel, a key contributor to inflation, has been exacerbated by the conflict in Ukraine, and western sanctions on Russian fuel supplies. The slowdown in natural gas supply means the West needs diesel to heat their homes this winter.

Barclays to shut 3 India branches

Barclays to shut 3 India branches

Rediff.com26 Sep 2012

At a time when most foreign banks in India are looking at opening more branches, British lender Barclays has decided to close three of its nine branches in the country.

With 300 mn Indians in its fold, cooperative sector awaits big-bang reforms

With 300 mn Indians in its fold, cooperative sector awaits big-bang reforms

Rediff.com27 Jul 2021

About 150 years ago, in British India, big farmers in the western region of Maharashtra agitated over unfair lending practices and demanded a more fair and inclusive financing structure. People say this is where the seeds of the cooperative movement, now omnipresent in the country, were sown. Today, more than 800,000 cooperative societies thrive in India, with 300 million members, a number close to the population of the United States. Despite a reach this deep--grass roots as they call it--cooperatives do not occupy a lion's share in the Indian economy.

MVA allies kept in loop about Pawar-Modi meeting: NCP

MVA allies kept in loop about Pawar-Modi meeting: NCP

Rediff.com17 Jul 2021

NCP spokesperson and Maharashtra minister Nawab Malik said that AICC general secretary H K Patil was told about this scheduled meeting when he and other Congress leaders met Pawar in Mumbai recently.

Maharashtra, Kerala and Karnataka reel under floods

Maharashtra, Kerala and Karnataka reel under floods

Rediff.com11 Aug 2019

Residents in Kerala, Karnataka and Maharashtra continue to struggle as floods leave them in a watery hell.

ASK AJIT: 'This stock hits circuits often. What to do?'

ASK AJIT: 'This stock hits circuits often. What to do?'

Rediff.com29 Mar 2022

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

ED attaches scribe Rana Ayyub's funds in money laundering case

ED attaches scribe Rana Ayyub's funds in money laundering case

Rediff.com11 Feb 2022

Ayyub is the account holder and deposits totalling Rs 1,77,27,704 have been attached by the ED.

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

Rediff.com2 Jan 2021

Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Rediff.com31 Aug 2023

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.