News for 'City Bank'

Over 93% retail traders lost money in F&O in three years, says Sebi

Over 93% retail traders lost money in F&O in three years, says Sebi

Rediff.com24 Sep 2024

An analysis by the Securities and Exchange Board of India (Sebi) has revealed that retail traders remain at the wrong end of the stick when it comes to equity derivatives trading. About 93 per cent of them incurred an average loss of Rs 2 lakh (per trader) during the last three financial years. The new report highlights an increase in the loss-making individual investors in futures and options (F&O) to 91.1 per cent in FY24 compared to 89 per cent in FY22.

Security measures cripple Paris restaurants ahead of Olympics

Security measures cripple Paris restaurants ahead of Olympics

Rediff.com22 Jul 2024

Paris restaurants struggle in Olympic security zones

MF Investor Base To Touch 50 Million

MF Investor Base To Touch 50 Million

Rediff.com24 Sep 2024

The number of active SIP accounts is nearing the 100 million milestone.

Beware! IT Sleuths On The Prowl

Beware! IT Sleuths On The Prowl

Rediff.com29 Aug 2024

The suspected undisclosed income in these cases could reach as much as Rs 15,000 crore.

Citi to hire 80 commercial bankers in India in 3 years

Citi to hire 80 commercial bankers in India in 3 years

Rediff.com8 Mar 2022

As it winds down its retail bank in the country, American lender Citi on Tuesday said it will be hiring 80 bankers in India over the next three years for its commercial banking vertical. The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific over the next three years, as per a statement. As per reports, the bank, which had taken a decision to exit the retail banking business in most of the markets globally, is in advanced stage of selling the business in India, with Axis Bank leading the race.

Protests Hit Retail Ahead of Durga Puja

Protests Hit Retail Ahead of Durga Puja

Rediff.com7 Sep 2024

West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.

'Rakesh Jhunjhunwala Inspires New Investors'

'Rakesh Jhunjhunwala Inspires New Investors'

Rediff.com17 Oct 2024

'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'

India's 10 Prettiest Villages

India's 10 Prettiest Villages

Rediff.com4 Nov 2024

Here's your travel guide to exploring some of India's most beautiful villages.

Kashi, Mathura must also shine like Ayodhya: Adityanath

Kashi, Mathura must also shine like Ayodhya: Adityanath

Rediff.com31 Oct 2024

Participating in the eighth edition of Deepotsav in Ayodhya - the first since the consecration of Ram temple on January 22, Adityanath said, "This is a historic first as after 500 years, Lord Ram is now in his abode in Ayodhya for Diwali."

'Don't Panic! India Is An Oasis Of Calm!'

'Don't Panic! India Is An Oasis Of Calm!'

Rediff.com8 Aug 2024

'The structural story of India is a multi-decadal story.' 'One should stay invested in that story and avoid reacting to what is happening globally.'

Wage Pact: Will Bankers Make More Money?

Wage Pact: Will Bankers Make More Money?

Rediff.com2 May 2024

Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.

Tomato price volatility exposes gaps in India's agriculture supply chain

Tomato price volatility exposes gaps in India's agriculture supply chain

Rediff.com26 Oct 2024

Tomato prices have been on the boil for more than a month. Data from major cities show that the spike has been between 125 and 150 per cent at the wholesale level. Soaring vegetable prices, including tomatoes, pushed the retail inflation rate to a nine-month high of 5.49 per cent in September, according to government data. Though reports say prices are expected to come down in the next few weeks after supplies improve from Madhya Pradesh and Himachal Pradesh, how long will the respite last is anybody's guess.

Car loan: ICICI Bank pips Citi

Car loan: ICICI Bank pips Citi

Rediff.com12 Apr 2005

Citi's South Asia chief Sanjay Nayar quits

Citi's South Asia chief Sanjay Nayar quits

Rediff.com20 Nov 2008

Sanjay Nayar is said to be joining Kohlberg Kravis Roberts & Co as its CEO and Country Head in the country.

ATM Charges To Go Up After Polls

ATM Charges To Go Up After Polls

Rediff.com16 May 2024

The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.

Germany-Scotland kick-off Euro 2024 party!

Germany-Scotland kick-off Euro 2024 party!

Rediff.com12 Jun 2024

Germany are banking on a mix of hugely talented young players, including Jamal Musiala and newly-crowned Bundesliga champion Florian Wirtz, and experienced veterans such as 2014 World Cup winners Manuel Neuer, Thomas Mueller and Toni Kroos.

Citi fined for flouting KYC norm

Citi fined for flouting KYC norm

Rediff.com7 Oct 2004

Reserve Bank of India has slapped a penalty of Rs 500,000 on Citi Group for failing to comply with 'Know Your Customer' guidelines by letting fake stamp scam accused Abdul Karim Telgi and associates to open accounts with the foreign bank.\n\n\n\n

Buddhadeb Bhattacharjee: Marxist who wooed capital for industry

Buddhadeb Bhattacharjee: Marxist who wooed capital for industry

Rediff.com8 Aug 2024

Former West Bengal chief minister and a front-ranking Marxist leader Buddhadeb Bhattacharjee will go down in the country's history as a pragmatic communist who kept aside his ideological convictions to woo capital for the industrialisation of his state.

Stanchart to continue focus on wealth management in India

Stanchart to continue focus on wealth management in India

Rediff.com27 Feb 2024

Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.

Activists write 'Jai Maharashtra' on Karnataka Bank signboard in Nashik

Activists write 'Jai Maharashtra' on Karnataka Bank signboard in Nashik

Rediff.com7 Dec 2022

Activists of the Swarajya Sanghatana on Wednesday smeared black paint on the signboard of Karnataka Bank at its branch in Nashik city of Maharashtra amid a simmering border dispute between the two states.

India's New Trilemma

India's New Trilemma

Rediff.com9 Jul 2024

...Kids, jobs, emigration, notes Ajit Balakrishnan.

8 cr jobs created in last 3-4 years has silenced...: Modi

8 cr jobs created in last 3-4 years has silenced...: Modi

Rediff.com13 Jul 2024

"My aim is to make Maharashtra the world's big financial powerhouse and to make Mumbai a global fintech capital," he said.

100 cities in six months: Govt's ambitious ONDC pilots on Friday

100 cities in six months: Govt's ambitious ONDC pilots on Friday

Rediff.com28 Apr 2022

This will be done across five cities - Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. Thereafter, it will be scaled up and launched in 100 cities over a period of six months, said a senior government official.

The Formidable Editor, Vimla Patil

The Formidable Editor, Vimla Patil

Rediff.com3 Oct 2024

Vimla Patil always stressed the importance of proving wrong the perception that women were women's worst enemies. And it iss a lesson I carried forward with me all through my career, learning empathy, understanding and ways to help as I went along. Sathya Saran, who succeeded Mrs Patil as Femina's editor, pays homage to the well-known journalist who passed into the ages on September 29, 2024.

Govt has ambitious plans for the GIFT City

Govt has ambitious plans for the GIFT City

Rediff.com1 Feb 2022

The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.

UP STF guns down 2nd robbery accused; Akhilesh's wish, says his father

UP STF guns down 2nd robbery accused; Akhilesh's wish, says his father

Rediff.com23 Sep 2024

The Uttar Pradesh Police on Monday said it has gunned down a second accused in the Sultanpur jewellery store robbery case in a pre-dawn encounter in Unnao district. "Akhilesh Yadav's wish has been fulfilled, a Thakur has been encountered," said the father of Anuj Pratap Singh.

Naidu At Helm, Amaravati Comes Alive

Naidu At Helm, Amaravati Comes Alive

Rediff.com12 Jun 2024

Locals have witnessed real estate prices skyrocket from a historic low of Rs 6,000 per square yard (in 2020) during Jagan Mohan Reddy's regime to around Rs 40,000 to Rs 50,000 per square yard after elections.

Top 6 cities house 11% bank branches

Top 6 cities house 11% bank branches

Rediff.com26 Jun 2013

In spite of the high decibel financial inclusion drive being carried out for the past three years, a Crisil study has revealed stark disparities in the spread of banking services, saying the top six cities are home to an astonishing 11 per cent of bank branches.

In home and office, India's real estate market is charting a course for growth

In home and office, India's real estate market is charting a course for growth

Rediff.com8 Jun 2024

India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).

Murshid Review: Gangster Overkill

Murshid Review: Gangster Overkill

Rediff.com30 Aug 2024

Perhaps Kay Kay Menon should choose his projects carefully, instead of wasting his talent like this, observes Deepa Gahlot.

Who Did RBI Governor Vote For?

Who Did RBI Governor Vote For?

Rediff.com20 May 2024

Scenes from polling stations in Mumbai which voted in the Lok Sabha election on Monday, May 20, 2024.

Man behind metro graffiti threatening Kejriwal held

Man behind metro graffiti threatening Kejriwal held

Rediff.com22 May 2024

The Delhi Police on Wednesday arrested a 33-year-old man from Uttar Pradesh's Bareilly for allegedly drawing anti-Arvind Kejriwal graffiti at stations of Delhi Metro and inside its coaches, an officer said.

Max Life plans to hire 30K agents, open up to 100 offices in FY25

Max Life plans to hire 30K agents, open up to 100 offices in FY25

Rediff.com30 May 2024

Max Life Insurance plans to hire 30,000 agents and open 50 to 100 new offices in the financial year 2024-25 (FY25) to drive premium growth, said Prashant Tripathy, managing director and chief executive officer of the company. The private insurer's total agent count will rise to 1,30,000 in FY25. It added 47,957 agents in FY24, 54 per cent more than the year before.

Barcelona bank on Gundogan, Lewandowski experience

Barcelona bank on Gundogan, Lewandowski experience

Rediff.com7 Aug 2023

Barcelona have won the Champions League five times, most recently in 2015, and face a tough task to get back to the top table of European football after being forced to sell club legend Lionel Messi due to financial problems.

Banks Made Profits of Rs 1.57 Trillion!

Banks Made Profits of Rs 1.57 Trillion!

Rediff.com13 Sep 2022

If the banks throw caution to the winds for building loan books, the hydra-headed bad loans may resurface and spoil the party, warns Tamal Bandyopadhyay.

TN govt powers Foxconn residence for 18K women

TN govt powers Foxconn residence for 18K women

Rediff.com16 Aug 2024

The Tamil Nadu government is set to unveil a housing initiative for 18,720 women employed by Taiwanese tech giant Foxconn, a key supplier to iPhone-maker Apple, this Saturday. The project, located at Vallam Vadagal near Chennai, marks the first time an Indian state government has constructed a hostel of this scale for a private firm - a model that's been successful in China and Vietnam.

Hafeez Contractor roped in for Dharavi redevelopment

Hafeez Contractor roped in for Dharavi redevelopment

Rediff.com1 Jan 2024

The Adani Group, which won the Dharavi Redevelopment Project from the state government last year, on Monday said it has onboarded three city planners, including Hafeez Contractor, to present a draft redevelopment plan for the largest slum cluster in Asia. In a statement, the group, which has promised to invest Rs 21,000 crore in the first phase, has roped in world famous architect Hafeez Contractor, design firm Sasaki, and consultancy firm Buro Happold as city and infrastructure planners for the project.

Ethiopia's Tola breaks Olympic record to win Marathon

Ethiopia's Tola breaks Olympic record to win Marathon

Rediff.com10 Aug 2024

Tola had an 18-second lead by the 35km mark, which he extended as the Eiffel Tower came into sight and crowds lining the streets roared him on. He became the first Ethiopian winner of the Olympic men's marathon in 24 years.

'Govt won't privatise GIC Re at this stage'

'Govt won't privatise GIC Re at this stage'

Rediff.com5 May 2024

'Because it is the only public sector company in this sector, currently.'