News for 'Cooperative Banks'

No need to fear CAA, NPR, says Uddhav after meeting Modi

No need to fear CAA, NPR, says Uddhav after meeting Modi

Rediff.com22 Feb 2020

The Shiv Sena chief said an atmosphere is being created in the country that the National Register of Citizens (NRC) is 'dangerous' for Muslims, but added that the exercise will not be carried out in Maharashtra.

Seven note ban tricks and one lesson

Seven note ban tricks and one lesson

Rediff.com18 Jan 2017

The government has provided no official explanation behind the note ban that is backed by hard data, says Debashis Basu.

Zubair's tweet threatened communal harmony: Delhi Police

Zubair's tweet threatened communal harmony: Delhi Police

Rediff.com28 Jun 2022

A day after fact-checking website Alt News co-founder Mohammad Zubair was arrested by the Delhi Police, officials said on Tuesday that his 'objectionable tweet of 2018 led to a Twitter storm with hate speeches, detrimental to communal harmony'.

Asian Development Bank to give $300 milion loan to India

Asian Development Bank to give $300 milion loan to India

Rediff.com26 Mar 2015

Asian Development Bank to give $300 milion loan to India.

SBI raises $1 bn from JBIC, other Japanese lenders

SBI raises $1 bn from JBIC, other Japanese lenders

Rediff.com29 Oct 2020

These are untied loans, meaning SBI has freedom to use this money to lend. They also do not come with any conditions attached for lending to specific projects or programmes.

Indo-US military drills near LAC in October make China see red

Indo-US military drills near LAC in October make China see red

Rediff.com25 Aug 2022

Tan said that China has always stressed that military cooperation of relevant countries, especially on exercises and training activities, should not be targeted at any third party, but rather serve to help maintain regional peace and stability.

Al Jazeera says Israel shot and killed its journalist

Al Jazeera says Israel shot and killed its journalist

Rediff.com11 May 2022

A veteran journalist working for Al Jazeera was killed on Wednesday during an Israeli operation in the West Bank city of Jenin, prompting the Palestinian Authority (PA) and the Qatar-based network to blame the Israeli Army for her death.

Black money: Swiss banks tell Indian clients to sign undertakings

Black money: Swiss banks tell Indian clients to sign undertakings

Rediff.com2 Nov 2014

As probe into suspected black money stashed abroad by Indians gathers steam, banks in Switzerland are running from pillar to post to safeguard their interest.

I-T searches at multiple premises of Chinese telecom major Huawei

I-T searches at multiple premises of Chinese telecom major Huawei

Rediff.com16 Feb 2022

The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation, official sources said on Wednesday. The raids were launched at the company's premises in Delhi, Gurugram (Haryana) and Bengaluru in Karnataka on Tuesday. Sources said the officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company, its Indian businesses and overseas transactions.

Pak will remain on its terror 'grey list': FATF

Pak will remain on its terror 'grey list': FATF

Rediff.com22 Oct 2021

Pakistan will remain on the 'grey list' of the Financial Action Task Force (FATF) until it further demonstrates that action is being taken against Jamaat-ud-Dawah chief Hafiz Saeed and Jaish-e-Mohammed founder Masood Azhar who are listed as global terrorists by the United Nations, the global anti-money laundering and terror financing watchdog said on Thursday.

What Future plans to do after its deal with RIL was rejected

What Future plans to do after its deal with RIL was rejected

Rediff.com25 Apr 2022

Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -- Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer and Future Enterprises, after the Rs 24,713-crore deal with Reliance Retail was rejected by secured creditors, according to industry sources. However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before the National Company Law Tribunal (NCLT). Other companies like Future Enterprises Ltd (FEL), Future Lifestyle Fashions Ltd (FLFL), Future Supply Chain Solutions Ltd (FSCSL), Future Consumer Ltd (FCL) can sustain on their own and can be rebuilt by restructuring their liabilities with the help of current lenders and investors, said an industry source close to the Future Group.

India to crack down on savings scams as Modi backs banking for all

India to crack down on savings scams as Modi backs banking for all

Rediff.com30 May 2016

India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.

India, China begin disengagement in Gogra-Hotsprings PP-15 in Ladakh

India, China begin disengagement in Gogra-Hotsprings PP-15 in Ladakh

Rediff.com8 Sep 2022

The development comes after after reaching a consensus in the 16th round of military talks, the two sides said in a joint statement this evening.

Bank NPAs are just the tip of the iceberg

Bank NPAs are just the tip of the iceberg

Rediff.com16 Feb 2016

Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.

Are you 'fit' enough to be a bank director?

Are you 'fit' enough to be a bank director?

Rediff.com12 Jun 2013

The YES Bank family tussle puts focus on RBI guidelines on appointment of directors.

RBI to discuss issuance of sovereign bonds with govt: Das

RBI to discuss issuance of sovereign bonds with govt: Das

Rediff.com8 Jul 2019

Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.

Will India choose Rupay over Visa, Mastercard?

Will India choose Rupay over Visa, Mastercard?

Rediff.com14 Jul 2017

RuPay has 42% of total debit cards, but contributes only 16% of PoS, e-commerce transactions. With banks scheduled to renew deals with Visa, Mastercard, here's how RuPay plans to increase its reach to premium customers.

Govt's latest worry: double counting of deposits, RBI asked to check

Govt's latest worry: double counting of deposits, RBI asked to check

Rediff.com16 Dec 2016

Eco affairs secretary says double counting possible; cash availability to improve in three weeks.

New Development Bank: A good move for infrastructure financing

New Development Bank: A good move for infrastructure financing

Rediff.com21 Aug 2014

Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Rediff.com30 Jun 2016

This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.

Nothing will deter us from fighting against note ban: Mamata

Nothing will deter us from fighting against note ban: Mamata

Rediff.com20 Dec 2016

The TMC chief and West Bengal CM made the remarks after her party member received three calls from the CBI.

Border features at Indian envoy's meeting with Chinese foreign minister

Border features at Indian envoy's meeting with Chinese foreign minister

Rediff.com23 Jun 2022

'Wang Yi said the border issue is important and we should stay committed to peacefully addressing it through consultation and coordination.'

Pay all bills, make investments from one place

Pay all bills, make investments from one place

Rediff.com11 Aug 2017

BBPS allows you to pay electricity, telephone, water supply, gas and DTH bills. Its scope will be expanded to include other payments like school and university fees, government taxes, insurance premiums, mutual fund investments, even credit card bills.

PNB fraud: Nirav Modi's sister turns approver; will help ED unearth Rs 579-cr assets

PNB fraud: Nirav Modi's sister turns approver; will help ED unearth Rs 579-cr assets

Rediff.com7 Jan 2021

Fugitive diamantaire Nirav Modi's sister and brother-in-law have "turned approvers" in the over $2 billion PNB fraud case against him and they will help the Enforcement Directorate confiscate assets worth Rs 579 crore, including Swiss bank deposits, the agency said on Thursday. Forty-nine-year-old Nirav Modi, who is currently lodged in a London jail, his uncle Mehul Choksi and others are being probed by the Enforcement Directorate (ED) in the Punjab National Bank (PNB) money laundering case since 2018. The diamond merchant's younger sister Purvi Modi (47) is a Belgian national while her husband Maiank Mehta is a British citizen. They are stated to be based abroad and have never joined the probe.

CBI grills accused in Delhi excise policy case, shares FIR with ED

CBI grills accused in Delhi excise policy case, shares FIR with ED

Rediff.com20 Aug 2022

The agency is also examining the documents seized during raids at 31 places including the residence of Delhi Deputy Chief Minister Manish Sisodia on Friday, they said.

Vijay Mallya declared bankrupt by UK court

Vijay Mallya declared bankrupt by UK court

Rediff.com26 Jul 2021

A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.

Cong-NCP defectors lead to disgruntlement in BJP, Sena

Cong-NCP defectors lead to disgruntlement in BJP, Sena

Rediff.com30 Sep 2019

Ahead of the assembly elections, the saffron allies may be ecstatic over the swelling, but it's a double-edged sword with many older leaders wondering what they have got after putting in years of hard work, reports Radhika Ramaseshan

Regulators fine global banks $3.4 bn in forex probe

Regulators fine global banks $3.4 bn in forex probe

Rediff.com12 Nov 2014

Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.

Sahara chief Subrata Roy may come out of Tihar jail soon

Sahara chief Subrata Roy may come out of Tihar jail soon

Rediff.com8 May 2015

Sahara Counsel told the court that negotiations were underway for selling Sahara Group's offshore properties for raising sufficient fund for Subrata Roy's bail.

ZEE's Subhash Chandra bets on white-label ATMs

ZEE's Subhash Chandra bets on white-label ATMs

Rediff.com21 Jan 2015

It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.

UK agrees to support India's defence manufacturing

UK agrees to support India's defence manufacturing

Rediff.com23 Apr 2022

After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.

S Asia to grow at 7.2%: World Bank

S Asia to grow at 7.2%: World Bank

Rediff.com20 Apr 2004

Peace in Ladakh key for ties with China: Modi at India-Australia summit

Peace in Ladakh key for ties with China: Modi at India-Australia summit

Rediff.com21 Mar 2022

It was the second time in the last three days that India asserted that the relationship with China depends on the resolution of the pending issues in eastern Ladakh.

Railways may scrap new dedicated freight corridors, enhance existing ones

Railways may scrap new dedicated freight corridors, enhance existing ones

Rediff.com25 May 2022

This alternative is being planned as the existing projects continue to be delayed due to land acquisition troubles. The ministry is thinking of adding new track lines to its existing eastern and western DFCs passing major areas in the proposed stretches, senior officials said.

Get a laddoo from Delhi BJP for standing in bank, ATM queue

Get a laddoo from Delhi BJP for standing in bank, ATM queue

Rediff.com14 Dec 2016

The 'thanksgiving and feedback' programme will also gauze public mood by asking them about the problems they face.

Rajan visits Pulwama, assures support to flood-hit people

Rajan visits Pulwama, assures support to flood-hit people

Rediff.com28 May 2015

The aim of his visit was to explore how financial institutions can be co-opted in reviving the local economy.

Not going to wait till 15 days to prove majority: Yeddyurappa

Not going to wait till 15 days to prove majority: Yeddyurappa

Rediff.com17 May 2018

"I seek support of all legislators and I ask them to vote for me by exercising their conscience just as Indira Gandhi did in a Presidential election," he said.

On day of Modi visit, Chinese-built Lumbini international airport thrown open

On day of Modi visit, Chinese-built Lumbini international airport thrown open

Rediff.com16 May 2022

Nepal's Prime Minister Sher Bahadur Deuba on Monday inaugurated the country's second international airport built by China that will help connect Lumbini, the birthplace of Lord Buddha and a major tourist and pilgrimage destination, to Buddhist circuits in South Asia as well as to the rest of the world.

New Development Bank to set its own standards; no rivalry issues: Kamath

New Development Bank to set its own standards; no rivalry issues: Kamath

Rediff.com8 Jul 2015

Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.

Stalin-Kejriwal launch TN school scheme based on Delhi model

Stalin-Kejriwal launch TN school scheme based on Delhi model

Rediff.com5 Sep 2022

If state and central governments came together, Kejriwal said that within 5 years, all government schools in the country could provide best education to students.