News for 'Bank or Post Office'

Govt to take postal services to every village

Govt to take postal services to every village

Rediff.com21 Jul 2014

Prasad said country's postal department is 150 years old and needs improvement and the government is trying its best to do the needful.

Provide Aadhaar cards to displaced people, SC directs UIDAI, Manipur govt

Provide Aadhaar cards to displaced people, SC directs UIDAI, Manipur govt

Rediff.com25 Sep 2023

Observing that it does not propose to run the administration in Manipur, the apex court said necessary verifications shall be carried out before issuing the Aadhaar cards expeditiously.

Why private manufacturers shun super-critical thermal plants

Why private manufacturers shun super-critical thermal plants

Rediff.com27 Aug 2023

This includes distancing themselves from the new and emerging super-critical technology.

SC refuses to stay note ban, but warns against 'surgical strike on people'

SC refuses to stay note ban, but warns against 'surgical strike on people'

Rediff.com15 Nov 2016

SC asked AG to file an affidavit about the measures undertaken by the govt and RBI to minimise public inconvenience.

Pulok Chatterji returns to Prime Minister's Office

Pulok Chatterji returns to Prime Minister's Office

Rediff.com20 Jul 2011

Chatterji's posting at PMO is seen as a major move to bring the PMO and the Congress closer.

Cong skipped meet to pick new CIC as he's Dalit: Modi

Cong skipped meet to pick new CIC as he's Dalit: Modi

Rediff.com7 Nov 2023

Prime Minister Narendra Modi on Tuesday attacked the Congress, saying it skipped the meeting convened to select the new Chief Information Commissioner (CIC) as he is a Dalit and this reflected the anti-Scheduled Castes mindset of the main opposition party.

Bandhan finds that banking licence comes with challenges

Bandhan finds that banking licence comes with challenges

Rediff.com3 Nov 2018

From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.

Congress leaders stage protests against demonetisation outside RBI offices

Congress leaders stage protests against demonetisation outside RBI offices

Rediff.com18 Jan 2017

They alleged that the central bank has "failed miserably" in handling the situation post-demonetisation.

Want a career in banking?

Want a career in banking?

Rediff.com14 Apr 2009

Andhra Bank is looking to fill 998 vacancies.

'I don't think I will die so fast'

'I don't think I will die so fast'

Rediff.com16 Nov 2023

'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'

Victory for Indian banks, UK court orders seizure of Mallya's UK assets

Victory for Indian banks, UK court orders seizure of Mallya's UK assets

Rediff.com5 Jul 2018

The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.

How Family Can Help You Save Taxes

How Family Can Help You Save Taxes

Rediff.com20 Apr 2023

Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?

Union minister booked for remarks on Kerala blasts

Union minister booked for remarks on Kerala blasts

Rediff.com31 Oct 2023

A case has been registered against Union Minister of State Rajeev Chandrasekhar for allegedly making statements that promote enmity between different groups, police said on Tuesday.

Stop! Tales of a village telegraphist

Stop! Tales of a village telegraphist

Rediff.com15 Jul 2013

P Murugesan has been sending telegrams for 33 years in rural Tamil Nadu. He remembers hectic marriage seasons, many moons ago, when everyone sent telegrams. And days when even 15 Morse machines could not handle the load...

Deutsche India's Ravneet Gill is new Yes Bank CEO

Deutsche India's Ravneet Gill is new Yes Bank CEO

Rediff.com24 Jan 2019

Gill, who studied at Modern School and Hindu College in Delhi, joined Deutsche Bank in 1991 and became its India CEO in 2012.

Unicorns Carve Profits In Funding Winter

Unicorns Carve Profits In Funding Winter

Rediff.com22 Aug 2023

'Given that the market is now demanding disciplined growth, well-run companies should be able to demonstrate profitability with the cash on hand.'

'Govt banks rarely take note of RBI directives'

'Govt banks rarely take note of RBI directives'

Rediff.com20 Jun 2018

'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'

'We have taught the Chinese some lessons'

'We have taught the Chinese some lessons'

Rediff.com5 Feb 2024

'In Eastern Ladakh the Chinese attempted salami slicing.' 'Our response has been superb. Our military has responded magnificently.'

Cong hopes to buck 30-year-old trend in Rajasthan

Cong hopes to buck 30-year-old trend in Rajasthan

Rediff.com2 Dec 2023

In the last six assembly elections, the state voted the Bharatiya Janata Party and the Congress to power alternately.

Flipkart eyes profitability ahead of IPO

Flipkart eyes profitability ahead of IPO

Rediff.com22 Jan 2024

Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.

PNB fraud: How bank auditors failed to detect the scam

PNB fraud: How bank auditors failed to detect the scam

Rediff.com20 Feb 2018

The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions

Zubair's tweet threatened communal harmony: Delhi Police

Zubair's tweet threatened communal harmony: Delhi Police

Rediff.com28 Jun 2022

A day after fact-checking website Alt News co-founder Mohammad Zubair was arrested by the Delhi Police, officials said on Tuesday that his 'objectionable tweet of 2018 led to a Twitter storm with hate speeches, detrimental to communal harmony'.

Sachin Bansal wants to start a bank

Sachin Bansal wants to start a bank

Rediff.com12 Feb 2020

'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'

Can INDIA Reverse Article 370 Verdict?

Can INDIA Reverse Article 370 Verdict?

Rediff.com11 Dec 2023

Such a course would require a Constitutional Amendment, requiring a two-thirds majority in both Houses of Parliament. Even assuming that the INDIA combine comes to power at the Centre next year, a two-thirds majority in the Lok Sabha could way off the mark for them, observes N Sathiya Moorthy.

African Union becomes permanent member of G20

African Union becomes permanent member of G20

Rediff.com9 Sep 2023

The African Union on Saturday joined the G20 after all member countries accepted Prime Minister Narendra Modi's proposal to bring the key bloc of the Global South to the high table of the world's top economies, a major diplomatic achievement of India's presidency.

SC says 2014 ruling removing graft shield for babus to have retrospective effect

SC says 2014 ruling removing graft shield for babus to have retrospective effect

Rediff.com11 Sep 2023

A five-judge Constitution bench headed by Justice Sanjay Kishan Kaul, in a unanimous verdict, ruled that its 2014 verdict, which had struck down a provision of the Delhi Special Police Establishment (DSPE) Act, 1946 providing immunity to such officers in graft cases, will have retrospective effect.

'We are in search of a Shiva to consume the poison from banking system'

'We are in search of a Shiva to consume the poison from banking system'

Rediff.com23 Nov 2020

'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'

Meet an IAS officer COVID-19 Warrior

Meet an IAS officer COVID-19 Warrior

Rediff.com20 Apr 2020

'Villages are much better prepared than towns as far as COVID-19 is concerned.'

Why India Has Shortage Of Skilled Workers

Why India Has Shortage Of Skilled Workers

Rediff.com31 Aug 2023

'The second generation of migrant labourers is not enthusiastic about continuing in this field.' 'The parents of the next generation do not wish their children to be part of this trade.'

'Axis Bank became a true universal lender under Shikha Sharma'

'Axis Bank became a true universal lender under Shikha Sharma'

Rediff.com10 Apr 2018

Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.

Jailed for someone else's FB post -- it could happen to you!

Jailed for someone else's FB post -- it could happen to you!

Rediff.com12 Oct 2018

Jitendra Kumar was arrested on July 11 for no fault of his and only released 86 days later.

India's unabated tryst with Russian crude oil is slowly coming to an end

India's unabated tryst with Russian crude oil is slowly coming to an end

Rediff.com2 May 2023

India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.

PAN must for cash payment of hotel bill over Rs 50K

PAN must for cash payment of hotel bill over Rs 50K

Rediff.com31 Dec 2015

PAN will be a must for all transactions, including purchase of jewellery, above Rs 200,000 with effect from January 1, 2016

Small savings schemes make a comeback

Small savings schemes make a comeback

Rediff.com12 Jun 2009

The receipts have risen after falling for two successive years. Within the gainers among the small savings schemes, the maximum increase was seen in the case of post bank deposits, which had bucked the trend in earlier years as well. During 2008-09, the total receipts were estimated to have increased by 21.65 per cent to Rs 52,513 crore, as against Rs 43,165 crore. The outstanding under the scheme rose 12.27 per cent to Rs 22,217 crore.

Election funding is a complicated issue, observes SC bench in poll bonds hearing

Election funding is a complicated issue, observes SC bench in poll bonds hearing

Rediff.com31 Oct 2023

The "opaque" electoral bonds scheme for funding political parties will "destroy democracy" as it promotes corruption and does not allow a level playing field between the ruling and opposition parties, the petitioners challenging the validity of the scheme told the Supreme Court, which on Tuesday observed election funding was a "complicated issue".

Not for giving another chance to exchange old notes: Centre to SC

Not for giving another chance to exchange old notes: Centre to SC

Rediff.com17 Jul 2017

Centre says the very object of demonetisation and elimination of black money will be defeated if a fresh window is given.

Demonetisation Effect: 'My mother now works 12 hours a day!'

Demonetisation Effect: 'My mother now works 12 hours a day!'

Rediff.com17 Nov 2016

'Customers were going crazy at the counters and the four staff members had to manage them all with care.' 'I'm praying it doesn't take a toll on her health.'

SC pulls up Centre: Why stop people from depositing banned notes after Dec 31

SC pulls up Centre: Why stop people from depositing banned notes after Dec 31

Rediff.com21 Mar 2017

The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.

Nuh situation was not assessed properly: Haryana dy CM

Nuh situation was not assessed properly: Haryana dy CM

Rediff.com9 Aug 2023

Haryana Deputy Chief Minister Dushyant Chautala on Tuesday indicated that there were shortcomings by the administration in assessing the situation in Nuh, where a communal violence erupted on July 31 during a religious procession.

Credit card base of major issuers erodes in Q2 over RBI's norms

Credit card base of major issuers erodes in Q2 over RBI's norms

Rediff.com31 Oct 2022

Credit card issuers saw significant erosion of their card base during the July-September quarter as the Reserve Bank of India's (RBI) norms mandated deactivation of cards that have been inactive for a year. The second quarter of the current financial year saw outstanding cards-in-force decline by 2.55 million to 77.7 million. Prior to this, the industry, on an average, was witnessing a net addition of over 1.5 million credit cards a month as players became aggressive on the unsecured lending business after the pandemic.