News for 'Board of Governors'

AI flight faces mid-air snag after take-off from TN, lands safely

AI flight faces mid-air snag after take-off from TN, lands safely

Rediff.com12 Oct 2024

In a statement, Civil Aviation Minister K Rammohan Naidu said the airport and emergency teams responded swiftly and effectively after a full emergency was declared at 18.05 hours.

Numbers with Kamala Harris to become Democratic prez nominee

Numbers with Kamala Harris to become Democratic prez nominee

Rediff.com23 Jul 2024

Harris, who is of Indian and African heritage, has received the backing from more than the 1,976 pledged delegates needed to win the Democratic Party's nomination on the first ballot, CNN reported on the first full day of her campaign.

Army commanders to meet in Sikkim forward area on Thursday

Army commanders to meet in Sikkim forward area on Thursday

Rediff.com9 Oct 2024

The commanders' conclave in a forward area in Sikkim, which is close to the Line of Actual Control, comes amid the lingering border row in eastern Ladakh.

RBI seen warming up for a neutral shift in stance

RBI seen warming up for a neutral shift in stance

Rediff.com9 Sep 2024

With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."

What Links Trump With This President?

What Links Trump With This President?

Rediff.com6 Nov 2024

Like Grover Cleveland, Donald Trump won election as president, lost the next election and won a third election to the US presidency.

A Formula For Start Up Success

A Formula For Start Up Success

Rediff.com10 Jan 2025

'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'

Changes to banking laws have a consumer tilt

Changes to banking laws have a consumer tilt

Rediff.com12 Aug 2024

Better protection for depositors and investors was one of the chief considerations in Union Finance Minister Nirmala Sitharaman introducing, on Friday, the Banking Laws (Amendment) Bill, 2024, in the Lok Sabha to amend four pieces of legislation. This amendment is also to improve audit quality in public-sector banks (PSBs), offer consistency in reporting by banks to the Reserve Bank of India (RBI), and provide for an increase in the tenure of directors in cooperative banks.

Reliance shareholders approve appointment of Aramco chairman on board

Reliance shareholders approve appointment of Aramco chairman on board

Rediff.com21 Oct 2021

Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal. Disclosing the results of shareholder votes on the appointment, Reliance in a regulatory filing said 98.03 per cent of votes were cast in favour of the resolution to appoint Al-Rumayyan for three years. As many as 10.89 crore shares or 1.96 per cent voted against the resolution, while 3.23 crore votes were declared invalid due to lack of proper authorisation, it said.

Sebi Cracks Whip At Finfluencers

Sebi Cracks Whip At Finfluencers

Rediff.com20 Jul 2024

Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.

Does RBI's board have the skill to handhold the management?

Does RBI's board have the skill to handhold the management?

Rediff.com18 Dec 2018

If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.

A Walk Through Little India In Singapore

A Walk Through Little India In Singapore

Rediff.com26 Nov 2024

Was this Chennai? Or Singapore? There's an area in Singapore that looked like a suburb of Chennai.

Landour Longings

Landour Longings

Rediff.com1 Jan 2025

When in Landour, discovers Supriya Newar, one of the most important things to do and that too in large measures, is to do nothing at all.

LG recommends NIA probe against Kejriwal for funding from banned SFJ

LG recommends NIA probe against Kejriwal for funding from banned SFJ

Rediff.com6 May 2024

Delhi Lt Governor V K Saxena has recommended an NIA probe against Chief Minister Arvind Kejriwal for allegedly receiving political funding from the banned terrorist organisation 'Sikhs for Justice', Raj Niwas sources said on Monday.

Paytm Payments Bank fiasco: Independent directors raised concerns

Paytm Payments Bank fiasco: Independent directors raised concerns

Rediff.com18 Feb 2024

At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.

4 offshore crypto exchanges join queue for nod to restart India ops

4 offshore crypto exchanges join queue for nod to restart India ops

Rediff.com21 Jun 2024

The Financial Intelligence Unit-India (FIU-India), the national agency responsible for analysing suspicious financial transactions, has received requests from four more offshore crypto exchanges to operate in India again, said a senior government official familiar with the matter. In the beginning of 2024, India had banned nine crypto exchanges - Binance, Kucoin, Huobi, Kraken, Gate.io, Bitstamp, MEXC Global, Bittrex, and Bitfenix - for non-compliance with anti-laundering law in the country.

Result preview: Cost of deposits to weigh on banks' margins in Q1

Result preview: Cost of deposits to weigh on banks' margins in Q1

Rediff.com12 Jul 2024

Despite steady loan growth, the banking sector is expected to report subdued margins in the quarter ending June 2024 (Q1FY25), driven by high demand for deposits amidst tight liquidity conditions. However, according to Bloomberg analysts, listed banks are forecasted to see a 14.5 per cent year-on-year (Y-o-Y) increase in net profit. Estimates showed that banks' net interest income (NII), and revenues from interest minus interest expenses might grow 11.9 per cent Y-o-Y.

Political uncertainty casts shadow on PCB leadership

Political uncertainty casts shadow on PCB leadership

Rediff.com10 Feb 2024

A political source revealed that Naqvi assumed the role of chairman through a clear understanding between influential stakeholders and the Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP).

LG orders paid break for workers amid 50 deg C heat, calls Kejri insensitive

LG orders paid break for workers amid 50 deg C heat, calls Kejri insensitive

Rediff.com29 May 2024

It said Delhi is facing an unprecedented heatwave with temperatures hovering around 50 degrees Celsius in some parts for the first time in the city's history.

IT professionals join stir as protests continue to rock Kolkata

IT professionals join stir as protests continue to rock Kolkata

Rediff.com20 Aug 2024

Chanting 'Justice for RG Kar' and 'Justice for our sister', hundreds of IT professionals took to the streets of Sector V in Salt Lake, the city's IT Hub, protesting against the rape and murder of a post-graduate trainee doctor at RG Kar Hospital.

'Have you taken any action on tanker mafia?': SC raps Delhi govt over water crisis

'Have you taken any action on tanker mafia?': SC raps Delhi govt over water crisis

Rediff.com12 Jun 2024

'People are suffering, we are seeing visuals on every news channel. What measures have you taken to control water wastage if water scarcity is a recurring problem in summers'

How Will History Remember Chandrachud?

How Will History Remember Chandrachud?

Rediff.com2 Dec 2024

He could have blazed a trail that few Indian judges had. It was a missed opportunity of a lifetime, notes Ramesh Menon.

'Pakistan stars prioritise T20 leagues over country'

'Pakistan stars prioritise T20 leagues over country'

Rediff.com26 Jan 2024

Pakistan's on-field performances not affected by frequent changes in PCB, says acting chairman

Khattar hints at being fielded in Lok Sabha polls

Khattar hints at being fielded in Lok Sabha polls

Rediff.com12 Mar 2024

Hours after he resigned as Haryana chief minister along with his cabinet ministers, senior Bharatiya Janata Party leader Manohar Lal Khattar Tuesday hinted that he may be fielded by the party in the coming Lok Sabha polls.

Portfolio rejigs of RBI deputy governors soon

Portfolio rejigs of RBI deputy governors soon

Rediff.com10 Jan 2019

Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.

Cautious approach: Small finance bank model in the slow lane, say experts

Cautious approach: Small finance bank model in the slow lane, say experts

Rediff.com24 Apr 2024

The small finance bank model may still be testing the water some 10 years since its launch. According to banking experts, the regulator has taken a cautious approach in granting approvals. Unity Small Finance Bank was the last one to get a licence in the category in November 2021.

Shaktikanta Das named new RBI Governor

Shaktikanta Das named new RBI Governor

Rediff.com11 Dec 2018

He will be the first bureaucrat to head the central bank in almost five years.

How Banks Plan To Tackle 'Mule' Fraud

How Banks Plan To Tackle 'Mule' Fraud

Rediff.com8 Aug 2024

'A mule operates someone else's account to transfer illegal money.'

Meet Urjit Patel, RBI's 24th Governor

Meet Urjit Patel, RBI's 24th Governor

Rediff.com20 Aug 2016

As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank

Why Don't These Banks Have A Chairman?

Why Don't These Banks Have A Chairman?

Rediff.com29 Jun 2023

UCO Bank, Bank of Maharashtra, Bank of India, Indian Overseas Bank, Indian Bank, and Central Bank of India don't have a non-executive chairman.

'AI Has Pushed India 5 To 7 Years Behind!'

'AI Has Pushed India 5 To 7 Years Behind!'

Rediff.com19 Sep 2024

'Unfortunately, most of our students use AI to replace knowledge when they should be using the AI tools to enhance their knowledge.' 'I am sorry to say, even those students who have opted to study AI have no idea what AI is.'

Chaos in Pakistan cricket: PSL face uncertain future

Chaos in Pakistan cricket: PSL face uncertain future

Rediff.com24 Dec 2023

Ashraf to postpone his planned visit to Australia and seek a meeting with caretaker Prime Minister, Anwar ul Haq Kakaar.

RBI Governor seeks more teeth to effectively regulate PSBs

RBI Governor seeks more teeth to effectively regulate PSBs

Rediff.com12 Jun 2018

RBI has cited at least 10 areas where it has no control over PSBs.

85% Paytm wallet users not to face disruption: RBI Guv

85% Paytm wallet users not to face disruption: RBI Guv

Rediff.com6 Mar 2024

As many as 80-85 per cent Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts.

Urjit Patel resigns as RBI Governor citing personal reasons

Urjit Patel resigns as RBI Governor citing personal reasons

Rediff.com10 Dec 2018

Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.

Kejriwal comes out of jail, but can't go to office or sign files

Kejriwal comes out of jail, but can't go to office or sign files

Rediff.com13 Sep 2024

Kejriwal, who was arrested on March 21 by the Enforcement Directorate (ED) in the same case and later by the CBI which was probing corruption charges, stepped out after spending 155 days in Tihar jail. The AAP supremo, who was earlier granted three-week interim bail in the ED case, was given a resounding welcome by his party leaders and supporters who were drenched in heavy rain. Addressing party workers from the top of an SUV, Kejriwal, sporting a half-sleeve blue shirt, raised 'Inquilab Zindabad' and 'Vande Mataram' slogans.

Iran Prez dies in helicopter crash; Mohammad Mokhber to takeover

Iran Prez dies in helicopter crash; Mohammad Mokhber to takeover

Rediff.com20 May 2024

Nine people were on the helicopter that crashed in northwest Iran on Sunday, including three officials, an imam, and flight and security team members, as reported by Tasnim news.

DeSantis out, it's Haley vs Trump in New Hampshire

DeSantis out, it's Haley vs Trump in New Hampshire

Rediff.com18 Jan 2024

Florida Governor Ron DeSantis has signalled that he would largely bypass the New Hampshire primary next week and instead would focus on South Carolina where the Republican presidential primary is scheduled for February 24.

What transpired at the 1st board meet under new RBI guv

What transpired at the 1st board meet under new RBI guv

Rediff.com14 Dec 2018

The board deliberated on the governance framework of the RBI and it was decided that the matter needs further examination

Who is responsible for the mess in Pakistan cricket?

Who is responsible for the mess in Pakistan cricket?

Rediff.com22 Jan 2024

Inzamam ul Haq blames ousted PCB Interim Committee chairman Zaka Ashraf for mess in Pakistan cricket

'15 Muslim BJP Candidates In Kashmir'

'15 Muslim BJP Candidates In Kashmir'

Rediff.com25 Sep 2024

'Article 370 is now dug 70 feet deep in the ground. It cannot come out.'