The country's banking system, while remaining "resilient" with bad loans at over a decade low and strong capital buffers, will continue to face intense competition from non-bank sources for resource mobilisation, said the Reserve Bank of India's (RBI's) Trend and Progress of Banking in India 2024-25 report.
A crucial Tata Trusts board meeting was unexpectedly postponed, highlighting internal conflicts over veto power, Tata Sons listing, and trustee eligibility, raising concerns about the stability of the $180 billion conglomerate.
A Delhi court has ordered the confiscation of several properties belonging to UK-based arms consultant Sanjay Bhandari under the Fugitive Economic Offenders Act, following his declaration as a fugitive in a money laundering case.
'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'
The Infinix Note 60 Pro is now on sale across India -- the entry model is equipped with 8 GB memory and 128 GB storage. It is priced at 31,999.
The top agenda of the meeting includes a review of Tata Trusts representation on the Tata Sons board.
A man has been arrested in Uklana, Haryana, following the death of a youth in a shooting incident. The accused, identified as Pradeep, allegedly opened fire during an altercation, resulting in the death of Shubham. Police are investigating the incident and have recovered significant information.
India is conducting a special audit of 101 cities to assess ease of living from the citizen's perspective, Comptroller and Auditor General K Sanjay Murthy said.
An 11-year-old boy was murdered in Satna, Madhya Pradesh, and his body was found in a drum at his home. Police are investigating the case and searching for a suspect.
The CBI claims to have cracked the NEET paper leak case with the arrest of a Pune-based professor, identified as the source of the leak. The professor allegedly exploited his position to leak the paper to students in exchange for money.
Jai Anmol Ambani, son of Anil Ambani, was questioned by the CBI in connection with a 228-crore fraud case involving Union Bank of India. He is expected to be questioned again.
AM Shahjahan and Vanni Arasu from IUML and VCK respectively were sworn in as ministers in Tamil Nadu, increasing the number of allies in the TVK government. This marks the first time representatives from both parties have been inducted into the state cabinet, signifying a shift in Tamil Nadu's coalition dynamics.
rediffGURU T S Khurana answers readers' personal income tax queries
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions
A 63-year-old retired Reserve Bank of India (RBI) employee was allegedly stabbed to death inside his residence in Delhi's Mandir Marg area. Police have launched an investigation and are exploring all possible motives.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Delhi Police have arrested a husband-wife duo and the woman's brother-in-law for allegedly staging a robbery of nearly 4 million in north Delhi. The servant of the complainant conspired with his wife and her brother-in-law to stage the robbery to repay debts.
Jharkhand police seized narcotics worth Rs 2.55 crore from Palamu and Chatra districts, arresting two individuals and conducting raids to apprehend further suspects.
US President Donald Trump will visit China from May 13 to 15 at the invitation of President Xi Jinping. The visit occurs amidst global tensions, including the war in West Asia and trade disputes between the US and China. Discussions are expected to cover China-US relations, world peace, and economic issues.
We journey to 10 famous Maa temples, each devoted to a different form of Devi or the female force...
The CBI has filed a chargesheet against a man accused of defrauding a retired banker of Rs 23 crore in a sophisticated digital arrest scam involving impersonation of law enforcement and judicial authorities.
The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.
Defence Minister Rajnath Singh has launched a strong attack on West Bengal Chief Minister Mamata Banerjee, accusing her government of appeasement politics, encouraging illegal immigration for votes, and leading the state into misrule and corruption.
If Tata Sons is listed, the special veto rights of Tata Trusts, under Article 121A, may have to go away.
Mumbai Police have arrested two men within hours of them allegedly stealing over Rs 63 lakh from an ATM cash van in Kandivali. A significant portion of the stolen cash has been recovered.
A tragic cruise boat accident at Bargi Dam in Jabalpur, Madhya Pradesh, has claimed nine lives after a sudden storm caused the vessel to capsize, prompting extensive rescue efforts.
This is the time for India to plan forward fully, with the goal of Atmanirbharata, and energy security. The Persian Gulf is no longer a reliable source, points out Rajeev Srinivasan.
Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.
A fire in a Delhi residential building resulted in nine deaths, with central locking systems and iron grills hindering escape efforts. The fire, suspected to have been triggered by an air-conditioner blast, trapped residents and complicated rescue operations.
Police in Thane have arrested two individuals involved in a fake marriage scam where a 53-year-old estate agent was cheated out of valuables by a woman posing as his bride.
India's retail inflation marginally increased to 3.4 per cent in March, up from 3.21 per cent in February, primarily due to an uptick in certain food items and the initial impact of the West Asia crisis on fuel prices, according to government data.
India's housing finance sector is riding a wave of post-pandemic revival, driven by policy support, digital innovation, and growing demand from younger homebuyers in emerging cities.
Prime Minister Narendra Modi has accused the Trinamool Congress (TMC) of betraying women by obstructing the passage of the Constitution (131st Amendment) Bill, 2026, which aimed to reserve 33 per cent of seats in Parliament and state assemblies for women. Modi asserted that women in West Bengal would punish the TMC in the upcoming assembly elections.
A 23-year-old domestic help has been arrested in Jammu for allegedly stealing Rs 3.5 lakh from the house of a senior citizen in Delhi. The accused, identified as Tilakram, confessed to the crime and used the money for personal expenses.
A 23-year-old domestic help has been arrested in Jammu for allegedly stealing Rs 3.5 lakh from the house of a senior citizen in Delhi. The accused, identified as Tilakram, confessed to the crime and used the money for personal expenses.
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
The Realme 16 5G is here! 6.57-inch display, ample battery and storage and 2 soph colours
'I cannot imagine that any NSA before Ajit Doval would have given us this kind of time and this kind of engagement. They would have offered slogans, or nothing at all. That, too, tells you something.'
IRCTC is expanding its payments arm, IRCTC Payments, to handle transactions across its ticketing platform and tap government clients, aiming to scale its annual payment processing to approximately 1 trillion.
The CBI conducted searches at 77 locations across eight states, registering 22 new cases related to a nexus between builders and financial institutions, allegedly defrauding homebuyers.
