News for 'Banking Companies'

Why I Love Warren Buffet. It's Not What You Think

Why I Love Warren Buffet. It's Not What You Think

Rediff.com12 May 2025

'He has been one of the clearest thinkers in the history of business.'

Ceasefire, But Pakistan's Cyber War Continues

Ceasefire, But Pakistan's Cyber War Continues

Rediff.com26 May 2025

More than one million cybersecurity incidents were flagged within 10 days.

Development potential, cash flows to ensure growth for Macrotech in FY26

Development potential, cash flows to ensure growth for Macrotech in FY26

Rediff.com9 May 2025

Macrotech Developers (Lodha), the country's second-largest listed real estate company, exceeded its 2024-25 (FY25) guidance, aided by a strong pre-sales performance in the January-March quarter (Q4), driven by launches. The company had guided for Rs 17,500 crore in pre-sales for FY25 and surpassed that with bookings of Rs 17,630 crore.

PayPal receives RBI nod to operate as cross-border payment aggregator

PayPal receives RBI nod to operate as cross-border payment aggregator

Rediff.com28 May 2025

PayPal Payments Pvt Ltd (PayPal), the Indian subsidiary of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregatorross Borderxports (PA-CB-E). This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses, enabling secure cross-border payments to approximately 200 markets, the company said in a statement.

Sitharaman urges banks to boost deposits

Sitharaman urges banks to boost deposits

Rediff.com19 Aug 2024

Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.

How Much Have MFs Invested In HDFC Bank?

How Much Have MFs Invested In HDFC Bank?

Rediff.com16 Aug 2024

With a deployment of Rs 2,720 crore in July, MFs' total investment in HDFC Bank in calendar year 2024 (till now) surged to Rs 48,820 crore.

Mehul Choksi detained in Belgium on India's extradition request

Mehul Choksi detained in Belgium on India's extradition request

Rediff.com14 Apr 2025

Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.

Securitisation volumes see a slump sequentially in Q4FY25, says ICRA

Securitisation volumes see a slump sequentially in Q4FY25, says ICRA

Rediff.com14 Apr 2025

Securitisation - sale of loans to investors - by lenders, including banks and non-banking financial companies (NBFCs), crossed Rs 50,000 crore during the fourth quarter ended March 2025 (Q4F25). This is a tad higher than Rs 48,000 crore during the same period of FY24.

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Rediff.com21 Apr 2025

The Reserve Bank of India's (RBI's) draft guidelines on gold loans, if implemented in their current form, are expected to impact non-banking financial companies (NBFCs) and mid-tier banks in the near term, more significantly than larger banks, according to analysts.

'I've No Desire To Be Prime Minister'

'I've No Desire To Be Prime Minister'

Rediff.com4 Jul 2025

'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'

Govt unveils Rs 2 trillion dose for jobs, R&D, innovation, growth push

Govt unveils Rs 2 trillion dose for jobs, R&D, innovation, growth push

Rediff.com2 Jul 2025

In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Working closely with Belgium for Mehul Choksi's extradition, says MEA

Rediff.com18 Apr 2025

India is working closely with Belgium to extradite fugitive diamantaire Mehul Choksi, who was arrested in Antwerp on Saturday based on a formal request from the Indian government. Choksi is wanted by Indian probe agencies in connection with a Rs 13,500-crore bank loan fraud case involving the Punjab National Bank (PNB). His nephew, Nirav Modi, is also facing extradition proceedings in the UK.

Study Abroad Without Falling Into A Debt Trap

Study Abroad Without Falling Into A Debt Trap

Rediff.com20 May 2025

By choosing your study destination carefully, leveraging government schemes, comparing loan options, and adopting frugal living practices, Indian students can acquire global credentials without mortgaging their futures.

Want To Invest In Banking Funds?

Want To Invest In Banking Funds?

Rediff.com11 Sep 2024

'It's advisable not to go overboard on a banking sector fund or any other sector fund.'

Cognizant Q1 net income rises 21.4%

Cognizant Q1 net income rises 21.4%

Rediff.com2 May 2025

Information-technology (IT) services major Cognizant has kept its full-year guidance on revenue growth unchanged at 3.5-6 per cent in constant currency even as the industry is becoming cautious about macro conditions because of tariff wars.

Trade war hit on India likely to be limited: RBI

Trade war hit on India likely to be limited: RBI

Rediff.com23 Apr 2025

The Indian economy could remain less affected by global trade wars than other countries because the two engines of domestic growth - consumption and investment - are likely to face a limited impact from such headwinds, according to an article on the 'State of the Economy' in the Reserve Bank of India's (RBI's) bulletin, released on Tuesday.

Q2 results: Slow growth bottoming out in the top five IT companies

Q2 results: Slow growth bottoming out in the top five IT companies

Rediff.com26 Oct 2024

The second-quarter performance of the top five information-technology services firms gives the hint that slow growth has bottomed out on the back of discretionary spending kicking in for the sector's largest vertical - the banking and financial services. However, concern about the macro-environment continues to be a challenge. Among the top four - Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro - it is Bengaluru-based Infosys that has performed the best and that was evident in its full-year revenue guidance.

Factors that will drive the markets this week

Factors that will drive the markets this week

Rediff.com20 Apr 2025

Trading sentiment in the equity market will largely be driven by domestic corporate quarterly earnings, any update related to US tariffs and foreign fund movements this week, analysts said. Investors would also focus on world market trends, movement of global oil benchmark Brent crude and the rupee-dollar trend for further cues, experts noted.

Foreign brokerages stay cautious on India stock market

Foreign brokerages stay cautious on India stock market

Rediff.com10 Jun 2025

Foreign brokerages remain cautious on the road ahead for the Indian equity markets. Though analysts at Nomura have revised their March 2026 Nifty target to 26,140 levels from the earlier 24,970, but the upside from the current levels is a modest 6 per cent. BofA Securities, on the other hand, has not made any change to its year-end Nifty target.

FD Rate Cuts: Balance Returns With Safety

FD Rate Cuts: Balance Returns With Safety

Rediff.com16 Apr 2025

'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'

SC scraps IBC buyout of Bhushan Power & Steel by JSW Steel

SC scraps IBC buyout of Bhushan Power & Steel by JSW Steel

Rediff.com3 May 2025

The Supreme Court on Friday declared JSW Steel Limited's resolution plan for Bhushan Power & Steel Limited (BPSL) "illegal" and ordered the latter's liquidation, four years after the company was acquired by JSW Steel under the Insolvency and Bankruptcy Code (IBC). Following the ruling, JSW Steel shares fell sharply.

Why Promoters Are Cutting Stake In Companies

Why Promoters Are Cutting Stake In Companies

Rediff.com26 Jun 2024

'This trend will continue as long as the bull run continues.'

The Last Date To Apply For PM Internship Scheme Is...

The Last Date To Apply For PM Internship Scheme Is...

Rediff.com22 Apr 2025

Selected applicants will receive a monthly stipend of Rs 4,500 from the government and an additional Rs 500 from participating companies as a part of the Prime Minister Internship Scheme (PMIS) 2025.

Bhushan Steel Case: Urgent Need For IBC Reforms

Bhushan Steel Case: Urgent Need For IBC Reforms

Rediff.com29 May 2025

The Supreme Court's ruling in the BPSL case exposes deep flaws in the IBC's institutional framework and raises concern about judicial overreach, notes Rajeswari Sengupta.

Will German Visa Rules Affect Students?

Will German Visa Rules Affect Students?

Rediff.com10 Jun 2025

Ritika Gupta, a study abroad expert and founder of Aaera Consultants, explains how Germany's new visa rules will affect international students and working professionals.

Sensex jumps 1,006 pts on buying in RIL, foreign fund inflows

Sensex jumps 1,006 pts on buying in RIL, foreign fund inflows

Rediff.com28 Apr 2025

Sun Pharma, Tata Steel, State Bank of India, Axis Bank, Tata Motors, Larsen & Toubro and ICICI Bank were also among the Sensex gainers. HCL Tech, UltraTech Cement, Nestle and Hindustan Unilever were among the laggards.

NSE listed companies' mcap surpasses $5 trillion

NSE listed companies' mcap surpasses $5 trillion

Rediff.com23 May 2024

The market capitalisation of listed companies on the NSE surpassed $5 trillion (Rs 416.57 trillion) on Thursday on a day when the Nifty 50 index touched an all-time high of 22,993.60. The Nifty 500 index also touched an all-time high of 21,505.25 on Thursday indicating that growth in the equity market is not restricted to only the large capitalised stocks, a statement by NSE said.

Sensex, Nifty rise on buying in banking stocks

Sensex, Nifty rise on buying in banking stocks

Rediff.com10 Oct 2024

Equity benchmark indices Sensex and Nifty settled higher on Thursday, powered by a rally in banking and power stocks amid a largely firm trend in global markets. The stock markets mostly traded range-bound in the absence of any major trigger and persistent foreign capital outflows, traders said. The 30-share BSE Sensex rose 144.31 points, or 0.18 per cent, to settle at 81,611.41.

Companies Plan Yoga Day Celebration

Companies Plan Yoga Day Celebration

Rediff.com21 Jun 2024

'An in-house contest encourages employees to share yoga and well-being practices with their families.'

'Bharti AXA's First Goal Is To Achieve 3x Revenue'

'Bharti AXA's First Goal Is To Achieve 3x Revenue'

Rediff.com11 Jun 2025

'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'

'IIFCL book can grow to Rs 4 trn by FY28'

'IIFCL book can grow to Rs 4 trn by FY28'

Rediff.com4 Jun 2025

'Although we are facing constraints related to lending and resource mobilisation, the government is aware of these.'

Tighter norms, rising compliance failures driving scrutiny for startups

Tighter norms, rising compliance failures driving scrutiny for startups

Rediff.com24 Apr 2025

Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.

'Indian Cricket Changed My Life'

'Indian Cricket Changed My Life'

Rediff.com16 Jul 2025

'I have a deep affection for Indian cricket. If someone asked me to come back, I wouldn't say no.'

'Our goal is to make India 50% of overall biz'

'Our goal is to make India 50% of overall biz'

Rediff.com15 Jun 2025

'India is a very strategic geography. The business is growing over 37-38 per cent year-on-year.'

ED nabs Cong ex-MLA in Rs 500 cr scam after midnight brawl at Delhi hotel

ED nabs Cong ex-MLA in Rs 500 cr scam after midnight brawl at Delhi hotel

Rediff.com5 May 2025

The Enforcement Directorate (ED) arrested former Haryana Congress MLA Dharam Singh Chhoker from a five-star hotel in Delhi following a brief scuffle. Chhoker, along with his sons, is accused of defrauding over 1,500 homebuyers and siphoning off over Rs 500 crore through their real-estate companies. The ED had been seeking Chhoker's presence in the investigation since May 2022. The politician was caught at the Grappa Bar of the Shangri-La hotel on Ashoka Road. He is currently in ED custody for six days.

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

Rediff.com28 Mar 2025

Jio Finance, a wholly owned subsidiary of Jio Financial Services, is likely to delay its maiden bond issue of Rs 3,000 crore, originally scheduled for this month. The decision comes amid expectations of softening yields in April because the Reserve Bank of India's (RBI's) monetary policy committee (MPC) is widely expected to cut the policy repo rate by another 25 basis points, sources said.

Aviation ministry seeks FinMin help to boost aircraft leasing at GIFT City

Aviation ministry seeks FinMin help to boost aircraft leasing at GIFT City

Rediff.com23 Apr 2025

To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.

Tech Failures Behind UPI Outages

Tech Failures Behind UPI Outages

Rediff.com16 Apr 2025

An hour-long disruption could affect around 40 million UPI transactions.

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Rediff.com13 Apr 2025

K Krithivasan -- the chief executive and managing director of TCS -- believes that the tariff moves-induced uncertainty impacting the sector will be "short-lived" and expects it to get resolved within "months".

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Cyberattacks Surge After Operation Sindoor, But India Mounts Strong Defence

Rediff.com22 May 2025

For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.