News for 'Cooperative Banks'

'LIC keeps investing in companies...'

'LIC keeps investing in companies...'

Rediff.com17 Feb 2023

'In equities, it has diversified portfolios.' 'So the short-term movement of individual stocks does not impact them.'

35 BRS leaders join Congress ahead of Telangana polls

35 BRS leaders join Congress ahead of Telangana polls

Rediff.com26 Jun 2023

The leaders met Congress president Mallikarjun Kharge, former party chief Rahul Gandhi in the presence of general secretary (organisation) KC Venugopal and Telangana Congress chief A Revanth Reddy.

Banks' exclusive sales tie-ups with insurers set to end

Banks' exclusive sales tie-ups with insurers set to end

Rediff.com1 Apr 2015

The regulator has put a cap on the business a bank can get from a single insurer.

Why Axis Bank is under I-T scanner

Why Axis Bank is under I-T scanner

Rediff.com10 Dec 2018

Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts

Previous govts drafted Budget with eye on vote bank: PM at Chauri Chaura commemoration

Previous govts drafted Budget with eye on vote bank: PM at Chauri Chaura commemoration

Rediff.com4 Feb 2021

"For decades in our country, the meaning of the Budget was restricted to what announcements were made in whose name. The Budget was turned into an account of the vote bank," Modi said.

I-T raids Maha dy CM Ajit Pawar's family, realtors

I-T raids Maha dy CM Ajit Pawar's family, realtors

Rediff.com7 Oct 2021

Pawar said he was upset that his three sisters were dragged into this.

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Rediff.com10 Oct 2023

The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).

BRICS bank launched in China as alternative to World Bank, IMF

BRICS bank launched in China as alternative to World Bank, IMF

Rediff.com21 Jul 2015

The opening ceremony was held in China's financial capital.

Reliance Life to tap Gulf returnees

Reliance Life to tap Gulf returnees

Rediff.com25 Jun 2014

Company launches claim guarantee scheme for customers.

Lockdown in India impacted 40mn migrants: World Bank

Lockdown in India impacted 40mn migrants: World Bank

Rediff.com23 Apr 2020

According to the report, the magnitude of internal migration is about two-and-a-half times that of international migration.

Modi sees tiranga on floor at BRICS meet, does this

Modi sees tiranga on floor at BRICS meet, does this

Rediff.com23 Aug 2023

Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.

Govt to procure 200K-tonne onions amid farmer protest

Govt to procure 200K-tonne onions amid farmer protest

Rediff.com23 Aug 2023

Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).

Savers in dark over Sahara's latest shadow banking schemes

Savers in dark over Sahara's latest shadow banking schemes

Rediff.com23 Dec 2015

Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.

CBI arrests DHFL promoters Kapil, Dheeraj Wadhawan in Yes Bank case

CBI arrests DHFL promoters Kapil, Dheeraj Wadhawan in Yes Bank case

Rediff.com26 Apr 2020

They were arrested with the 'cooperation of district authorities of Satara on the strength of Non-bailable Warrant of Arrest issued by the Court of Special Judge, CBI Cases, City Sessions Court, Mumbai', CBI spokesperson R K Gaur said in New Delhi.

ED arrests MP CM's nephew in bank loan fraud case

ED arrests MP CM's nephew in bank loan fraud case

Rediff.com20 Aug 2019

Ratul Puri, already under probe scanner of the agency in the AgustaWestland VVIP chopper case, has been arrested by the Enforcement Directorate in connection with a Rs 354 crore bank loan fraud case.

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Rediff.com5 Aug 2023

Edelweiss ARC, in a statement, denied that any undue pressure was brought to bear on Desai for loan recovery.

Beijing reveals: What Qin told Jaishankar about LAC issues

Beijing reveals: What Qin told Jaishankar about LAC issues

Rediff.com3 Mar 2023

Qin's first in-person meeting with Jaishankar on Thursday came on the sidelines of the G20 foreign ministers conclave in New Delhi amid the over 34-month-long border row in eastern Ladakh.

Yes Bank founder Rana Kapoor's ED custody extended till Mar 16

Yes Bank founder Rana Kapoor's ED custody extended till Mar 16

Rediff.com11 Mar 2020

The ED said that the investigation further revealed that there are 78 companies owned by the accused and his family members and it needed to probe whether the money went into these companies.

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Rediff.com31 Aug 2023

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.

'We need a remarkable turnaround'

'We need a remarkable turnaround'

Rediff.com31 Jul 2023

'We have not seen too many large deals compared to last quarter.'

Ahead of polls, TN grants 10.5% quota for Vanniyars

Ahead of polls, TN grants 10.5% quota for Vanniyars

Rediff.com26 Feb 2021

The Tamil Nadu Assembly on Friday passed a bill providing internal reservation of 10.5 per cent for Vanniyars, a most backward community in government jobs and in admission to educational institutions.

Karnataka waives crop loan up to Rs 50,000 per farmer

Karnataka waives crop loan up to Rs 50,000 per farmer

Rediff.com21 Jun 2017

A total of 22,27,506 farmers have obtained loan of about Rs 10,736 crore from cooperative banks in the state.

BRICS Expansion: Boost For China

BRICS Expansion: Boost For China

Rediff.com28 Aug 2023

This could become tricky territory for India, given its basically adversarial relationship with China, its moves to block imports and investment from that country, and to deny market access for Chinese technologies, observes T N Ninan.

Senthil Balaji misused office to engineer cash-for-jobs 'scam', ED tells court

Senthil Balaji misused office to engineer cash-for-jobs 'scam', ED tells court

Rediff.com14 Jun 2023

The case against Balaji and his aides pertains to his tenure as the state transport minister in the All India Anna Dravida Munnetra Kazhagam government during 2011-15.

Eye On 2024: Modi's Foreign Visits

Eye On 2024: Modi's Foreign Visits

Rediff.com24 May 2023

With Lok Sabha elections months away, the visits are vital politically as these would showcase Modi's standing as a world leader to the home electorate.

RBI allows UCBs to open off-site ATMs

RBI allows UCBs to open off-site ATMs

Rediff.com5 May 2010

The Reserve Bank has allowed urban cooperative banks (UCBs) to open ATMs at places other than their branches without its prior approval.

How Indian banks will change by 2025

How Indian banks will change by 2025

Rediff.com24 Nov 2017

Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.

Officers cold to oversight cadre, RBI faces staff turmoil

Officers cold to oversight cadre, RBI faces staff turmoil

Rediff.com27 Jan 2020

The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.

Srikrishna finds Chanda guilty, ICICI Bank to revoke benefits

Srikrishna finds Chanda guilty, ICICI Bank to revoke benefits

Rediff.com30 Jan 2019

The report concluded that she failed to discharge her fiduciary functions to rescue herself to avoid any conflict of interest.

India's nominal GDP to be $3.5 trillion by end-March: Survey

India's nominal GDP to be $3.5 trillion by end-March: Survey

Rediff.com31 Jan 2023

India has already become the world's fifth largest economy in the 75th year of Independence and will reach the $3.5 trillion mark by end-March, said the Economic Survey tabled in Parliament on Tuesday. In real terms, the economy is expected to grow at 7 per cent for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year.

Sec 144 clamped in Nuh after 'shobha yatra' call, no entry for outsiders

Sec 144 clamped in Nuh after 'shobha yatra' call, no entry for outsiders

Rediff.com27 Aug 2023

Officials said security personnel, including those from paramilitary forces, have been deployed to keep a strict vigil. Security at inter-state and inter-district borders has also been tightened, they said.

PM wants more autonomy for co-ops

PM wants more autonomy for co-ops

Rediff.com16 Nov 2004

Worried over the lack of autonomy for cooperatives, Prime Minister Manmohan Singh on Tuesday said the UPA government was considering constitutional amendments to ensure democratic, autonomous and professional functioning of cooperative bodies.

Take long-term view, place border issue in appropriate position: China responds

Take long-term view, place border issue in appropriate position: China responds

Rediff.com28 Apr 2023

After India firmly told China that its violation of the border pacts has "eroded" the entire basis of bilateral ties, China's defence ministry on Friday said the situation at the border is "generally stable" and both sides should put the boundary issue in an "appropriate position" and promote its transition to "normalised management".

RBI's Shaktikanta Das is Asia Pacific central banker of the year

RBI's Shaktikanta Das is Asia Pacific central banker of the year

Rediff.com4 Feb 2020

Nominating Das, the Banker magazine, which announced the award, said India's banks have faced a series of challenges, from non-performing loans to issues around fraud. Faced with these challenges, Shaktikanta Das has taken steps to bring banking in India up to standard via a restrained approach to governance.

FIR against Niira Radia, 4 others for embezzling Rs 300 cr of bank loan

FIR against Niira Radia, 4 others for embezzling Rs 300 cr of bank loan

Rediff.com7 Nov 2020

The economic offence wing of Delhi police has registered an FIR against Nayati Healthcare's Niira Radia and four others for alleged embezzlement of over Rs 300 crore of bank loan, following a complaint filed by orthopaedic surgeon Rajiv Sharma from whom they had acquired two hospitals.

'India has a special responsibility...'

'India has a special responsibility...'

Rediff.com3 Oct 2023

'...to bring the Global South and others to the negotiating table on the basis of Gandhi's non-violence so that we can leave a safer world for our children.'

Swiss banks lose sheen among Indians as secrecy ends

Swiss banks lose sheen among Indians as secrecy ends

Rediff.com25 Jan 2015

With the Swiss government showing eagerness to help India trace suspected black money hoarders, banks based in Switzerland appear to be losing traction among the wealthy Indian clients and could not get much business commitments during the just-ended WEF summit.

ICICI case: Videocon's Dhoot says his arrest was unnecessary; CBI says he was evading probe

ICICI case: Videocon's Dhoot says his arrest was unnecessary; CBI says he was evading probe

Rediff.com13 Jan 2023

The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay high court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe. The Central Bureau of Investigation (CBI), on the other hand, claimed that he was trying to avoid probe. Dhoot, arrested by the CBI on December 26, 2022, and presently in judicial custody, has moved the high court seeking to quash the First Information Report, and has also sought interim bail.

Payment problems plague 1 million plantation workers

Payment problems plague 1 million plantation workers

Rediff.com24 Nov 2016

The Assam government has taken the initiative to pay workers their wages electronically and has asked banks to open branches adjacent to tea gardens and install ATMs in estates.