News for 'Banking and Finance'

Loan growth, profitability seen improving for public sector banks

Loan growth, profitability seen improving for public sector banks

Rediff.com10 Dec 2025

The Indian banking sector could be due for a rise in profitability after several quarters of net interest margin (NIM) compression. The Q2FY26 results suggest NIMs have bottomed out.

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

Rediff.com13 Feb 2026

Nearly two-thirds of external commercial borrowings (ECBs) raised so far in the ongoing financial year (2025-26/FY26) have been routed through Gujarat International Finance Tec-City (GIFT City), a sharp jump from the 36 per cent recorded in 2024-25.

Bajaj Finance expects AUM from MSME business to grow 10-12% in FY26

Bajaj Finance expects AUM from MSME business to grow 10-12% in FY26

Rediff.com12 Nov 2025

Bajaj Finance's shares fell more than 7 per cent on Tuesday after it trimmed growth guidance for FY26, from 24-25 per cent projected earlier to 22-23 per cent.

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

PSU banks write off loans worth Rs 6.15 lakh cr in last 5.5 years

Rediff.com8 Dec 2025

Public sector banks have written off loans worth Rs 6.15 lakh crore in the last five and a half years, Parliament was informed on Monday.

Fino 1st payments bank to get RBI nod to turn SFB

Fino 1st payments bank to get RBI nod to turn SFB

Rediff.com6 Dec 2025

Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB).

Pvt banks may lose ground again in FY26 as credit growth lags

Pvt banks may lose ground again in FY26 as credit growth lags

Rediff.com3 Dec 2025

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.

Rajasthan Police Move to Seize Assets Linked to Online Betting Ring

Rajasthan Police Move to Seize Assets Linked to Online Betting Ring

Rediff.com16 Mar 2026

Rajasthan Police have initiated proceedings to attach properties worth approximately Rs 35 crore linked to an online betting racket in Karauli district, as part of 'Operation Shikanja'.

Sensex rises 137 points on buying in HDFC Bank, ICICI Bank

Sensex rises 137 points on buying in HDFC Bank, ICICI Bank

Rediff.com7 Oct 2025

Among Sensex firms, Bharti Airtel, HCL Tech, UltraTech Cement, Power Grid, HDFC Bank, Bajaj Finance, Tata Steel and ICICI Bank were among the major gainers. However, Axis Bank, Tata Motors, Trent and Infosys were among the laggards.

Sensex sheds 436 pts on profit booking in bank, oil shares

Sensex sheds 436 pts on profit booking in bank, oil shares

Rediff.com9 Dec 2025

Among the Sensex constituents, Asian Paints, Tech Mahindra, HCL Technologies, Tata Steel, Maruti Suzuki India, Sun Pharmaceuticals, Tata Consultancy Services, ICICI Bank, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra and Tata Motors Passenger Vehicles were the laggards. However, Eternal, Titan, Adani Ports, Bharat Electronics Ltd, State Bank of India, Bajaj Finserv, NTPC and Bharti Airtel were among the gainers.

Like Zubeen Garg, Cong works to unite people: Rahul Gandhi

Like Zubeen Garg, Cong works to unite people: Rahul Gandhi

Rediff.com5 Apr 2026

Congress leader Rahul Gandhi has accused Assam Chief Minister Himanta Biswa Sarma of corruption and land grabbing, promising action if the Congress party wins the upcoming elections in Assam. Gandhi also criticised the BJP's governance and economic policies.

Relaxed ECB norms may lift foreign borrowings by Indian companies

Relaxed ECB norms may lift foreign borrowings by Indian companies

Rediff.com19 Feb 2026

The easing of external commercial borrowing (ECB) norms by the Reserve Bank of India (RBI) is expected to significantly boost overseas fundraising by Indian companies, market participants said.

Active banking funds fail to capitalise on PSU rally: Value Research data

Active banking funds fail to capitalise on PSU rally: Value Research data

Rediff.com29 Nov 2025

Sectoral funds, focused exclusively on public sector banks (PSBs), have delivered the strongest returns among domestic mutual fund (MF) categories over the past six months. However, active banking funds have significantly lagged because of their heavy tilt towards private lenders.

The Most Vicious Phase Of The War Is About To Begin

The Most Vicious Phase Of The War Is About To Begin

Rediff.com4 Apr 2026

The big question is whether Trump is any longer in command of the situation. For all practical purposes, the war seems set to cascade as the US is preparing for a potential ground operation in Iran and threatens to destroy 'bridges next, then electric power plants', points out Ambassador M K Bhadrakumar.

MF launches taper off in March in the midst of West Asia flare-up

MF launches taper off in March in the midst of West Asia flare-up

Rediff.com2 Apr 2026

Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.

Private Talent At PSU Banks Is Welcome, But...

Private Talent At PSU Banks Is Welcome, But...

Rediff.com22 Oct 2025

Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.

Banks can now fund India Inc's M&A drive

Banks can now fund India Inc's M&A drive

Rediff.com2 Oct 2025

The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.

'Govt And Banks Want Private Investment To Return In Force'

'Govt And Banks Want Private Investment To Return In Force'

Rediff.com3 Nov 2025

'Corporates now have multiple funding sources beyond banks, and many are sitting on large cash reserves.'

A War With No Exit Strategy, No Victory To Declare

A War With No Exit Strategy, No Victory To Declare

Rediff.com20 Apr 2026

Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.

Court Accepts Closure Report in MSCB Scam Case

Court Accepts Closure Report in MSCB Scam Case

Rediff.com27 Feb 2026

A Mumbai court has accepted the closure report submitted by the Economic Offences Wing (EOW) in the Maharashtra State Cooperative Bank (MSCB) scam case, giving a clean chit to Ajit Pawar and other accused.

'Banks Need To Reinvent Themselves'

'Banks Need To Reinvent Themselves'

Rediff.com3 Nov 2025

'Reinvention is not a hugely difficult task. With technology as available today, you can reinvent yourself pretty quickly.'

Old Vs New Tax Regime: Stop Losing Money

Old Vs New Tax Regime: Stop Losing Money

Rediff.com8 Apr 2026

With Income Tax Act 2025 in force, your tax choice can quietly cost you big money if you're not paying attention. Ramalingam Kalirajan explains how

Can Private Bankers Transform Public Sector Banks?

Can Private Bankers Transform Public Sector Banks?

Rediff.com29 Oct 2025

Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.

Stock Market Today March 24, 2026: Sensex, Nifty50 Surge on US-Iran Relief

Stock Market Today March 24, 2026: Sensex, Nifty50 Surge on US-Iran Relief

Rediff.com24 Mar 2026

Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.

Iran war: Fiscal pressures on govt may mount next FY, say experts

Iran war: Fiscal pressures on govt may mount next FY, say experts

Rediff.com19 Mar 2026

Revenue collection next financial year may be affected, and, along with this, subsidies on food and fertilisers can go up if the war in West Asia drags for long, according to experts.

Will Iran Be Browbeaten By Trump's Threats?

Will Iran Be Browbeaten By Trump's Threats?

Rediff.com7 Apr 2026

Far from it; the country's resistance to the US, its nuclear ambitions, and its pursuit of influence and proxies across the Middle East are driven by a constant search for independence and security. Thus, Iran will never capitulate. Trump will learn this home truth ultimately, and it is going to be a humbling personal experience that may even destroy his presidency, predicts Ambassador M K Bhadrakumar.

Jharkhand Court Demands Answers in Hazaribag Rape-Murder Case

Jharkhand Court Demands Answers in Hazaribag Rape-Murder Case

Rediff.com30 Mar 2026

The Jharkhand High Court has taken suo motu cognisance of the alleged rape and murder of a 12-year-old girl in Hazaribag district, demanding responses from state officials and police regarding the ongoing investigation and lack of arrests.

Bengaluru EV Dealers Arrested for Subsidy Scam

Bengaluru EV Dealers Arrested for Subsidy Scam

Rediff.com14 Mar 2026

Two men in Bengaluru have been arrested for allegedly defrauding people by offering electric vehicles at subsidised rates under a fake central government scheme.

Banking, finance rule the roost

Banking, finance rule the roost

Rediff.com7 Mar 2008

Though the banking and financial services sector has been ruling the campus so far, many students have opted to wear the entrepreneurial hat too.

India Opens Doors To Foreign Banks, But...

India Opens Doors To Foreign Banks, But...

Rediff.com12 Nov 2025

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.

Interested in banking & finance management?

Interested in banking & finance management?

Rediff.com21 Nov 2006

The National Institute of Bank Management invites applications for admission to its Post-graduate programme in Banking and Finance.

Recent RBI policies to help banks stay at equilibrium: Kamath

Recent RBI policies to help banks stay at equilibrium: Kamath

Rediff.com17 Oct 2025

The recent policies that have been announced by the Reserve Bank of India (RBI) will allow banks to fully use its capital, funding profile to keep business at an equilibrium level, which otherwise was getting skewed towards retail, said K V Kamath, chairman, Jio Financial Services.

Modi-Trump Call: 'Headwind Becomes Tailwind': FM

Modi-Trump Call: 'Headwind Becomes Tailwind': FM

Rediff.com5 Feb 2026

The finance minister said that consolidation of state-owned banks could proceed at any time without waiting for the recommendations of the proposed high-level committee on banking.

Ramping up domestic LPG production to ensure supply: Sitharaman

Ramping up domestic LPG production to ensure supply: Sitharaman

Rediff.com17 Mar 2026

Finance Minister Nirmala Sitharaman announces increased domestic LPG production to offset import disruptions caused by Middle East tensions, alongside assurances of fertiliser availability and the clearing of UPA-era oil bonds.

Earnings upgrade to downgrade ratio improved after Q3

Earnings upgrade to downgrade ratio improved after Q3

Rediff.com3 Apr 2026

There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth.

Privatisation of banks unlikely to hurt national interest: FM

Privatisation of banks unlikely to hurt national interest: FM

Rediff.com4 Nov 2025

Finance Minister Nirmala Sitharaman on Tuesday allayed apprehension that privatisation of state-owned banks would hurt financial inclusion and national interest. She said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned.

India needs world-class banks; in talks with RBI, lenders: Sitharaman

India needs world-class banks; in talks with RBI, lenders: Sitharaman

Rediff.com6 Nov 2025

Finance Minister Nirmala Sitharaman on Thursday said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this regard.

'BoB Is Well Placed To Manage Shift To ECL'

'BoB Is Well Placed To Manage Shift To ECL'

Rediff.com6 Dec 2025

'Bank has a robust capital adequacy base. Along with balance sheet preparation, the bank is focusing on strengthening risk management for the new regime.'

Stock Market Crash: Investors Lose Rs 16.32 Lakh Crore in Two Days

Stock Market Crash: Investors Lose Rs 16.32 Lakh Crore in Two Days

Rediff.com4 Mar 2026

Indian equity investors experienced a significant loss of 16.32 lakh crore due to a two-day stock market decline fueled by escalating geopolitical tensions involving the US, Israel, and Iran.

OnePlus 15T: Estimated Launch Date, Specs, Price In India

OnePlus 15T: Estimated Launch Date, Specs, Price In India

Rediff.com25 Mar 2026

The OnePlus 15T has been officially listed in OnePlus/OPPO's China store and is set to launch on March 24, 2026, marking its entry as a compact flagship focused on performance and battery life.

Rajpal Yadav's sentence suspended in cheque bounce case

Rajpal Yadav's sentence suspended in cheque bounce case

Rediff.com18 Mar 2026

The Delhi High Court has extended the suspension of actor Rajpal Yadav's sentence in cheque bounce cases until April 1, acknowledging his 'substantial' payment towards the outstanding amount.