News for 'Credit'

Gold loans, commercial realty fuel NBFC credit surge in May

Gold loans, commercial realty fuel NBFC credit surge in May

Rediff.com5 days ago

Non-banking financial companies (NBFCs) in India saw their overall credit growth accelerate to 14.2 per cent year-on-year in May, primarily driven by significant increases in loans against gold jewellery and commercial real estate, according to recent Reserve Bank of India (RBI) data.

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Bank Credit Growth Hits Two-Year High, Deposits Mobilise Rs 7 Trillion

Rediff.com2 days ago

Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.

Wrongly Credited NSE Shares Spark Battle

Wrongly Credited NSE Shares Spark Battle

Rediff.com29 Jun 2026

NSE's draft prospectus discloses a legal dispute over 5,000 shares allegedly transferred by mistake into an individual investor's demat account.

EPFO to credit 8.25% PF interest by July 15 to 34 crore members

EPFO to credit 8.25% PF interest by July 15 to 34 crore members

Rediff.com4 days ago

The Employees' Provident Fund Organisation (EPFO) is set to credit the 8.25 per cent interest on provident funds for FY26 to 34 crore member accounts by July 15, enabled by its new centralised IT system (CITES). This upgrade promises enhanced operational efficiency, transparent services, and easier access to PF details and claims for members.

Raj Nidimouru: 'I Can't Take Credit For Samantha's Success'

Raj Nidimouru: 'I Can't Take Credit For Samantha's Success'

Rediff.com12 hours ago

'Samantha has been a consistent draw at the box office long before Maa Inti Bangaaram.'

Spot a Suspicious Credit Card Transaction?

Spot a Suspicious Credit Card Transaction?

Rediff.com10 Jun 2026

The first thing cardholders should do after spotting a suspicious charge is block the card.

They made me better: Prabhsimran credits Yuvraj, Ponting for India breakthrough

They made me better: Prabhsimran credits Yuvraj, Ponting for India breakthrough

Rediff.com4 days ago

Prabhsimran Singh credited mentor Yuvraj Singh's tactical guidance and Punjab Kings head coach Ricky Ponting's unwavering faith for his growth, saying both played a pivotal role in earning his maiden India T20I call-up.

Govt Ratifies 8.25% EPF Interest for FY'26, Credit Expected This Month

Govt Ratifies 8.25% EPF Interest for FY'26, Credit Expected This Month

Rediff.com18 Jun 2026

The Indian government has ratified an 8.25 per cent interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, with over seven crore contributing members expected to see this credited to their accounts this month.

How Delhi Police Uncovered A Rs 15 Lakh Credit Card Scam

How Delhi Police Uncovered A Rs 15 Lakh Credit Card Scam

Rediff.com11 Jun 2026

Delhi Police have arrested three individuals for allegedly defrauding a resident of Rs 15.26 lakh by promising to increase his credit card limit. The fraudsters used mule bank accounts to channel the illicit funds, and police recovered several devices used in the crime.

MSME Credit Growth Slows, Micro Borrowers Show Early Stress: Report

MSME Credit Growth Slows, Micro Borrowers Show Early Stress: Report

Rediff.com3 Jun 2026

Loans to micro, small and medium enterprises (MSMEs) in India saw moderated growth in April 2026, with early signs of stress emerging among micro borrowers and manufacturers, according to a report by credit bureau CRIF High Mark. The slowdown is attributed to potential impacts of global uncertainty.

Delhi Police Bust Credit Card Fraud Ring, Three Arrested

Delhi Police Bust Credit Card Fraud Ring, Three Arrested

Rediff.com27 May 2026

Delhi Police have arrested three individuals, including a caretaker, for allegedly perpetrating a cyber fraud involving the misuse of a complainant's credit card details to purchase gold coins worth over Rs 9.58 lakh.

Credit card adoption rises in Tier-II, -III cities

Credit card adoption rises in Tier-II, -III cities

Rediff.com20 May 2026

Credit card adoption is rapidly expanding beyond India's major metropolitan areas into Tier-II and Tier-III cities, driven by increasing incomes, digital awareness, and the integration of RuPay credit cards with UPI, according to a new report by SBI Card.

Gurbaz credits Gambhir after slamming century against India

Gurbaz credits Gambhir after slamming century against India

Rediff.com13 Jun 2026

Afghanistan opener Rahmanullah Gurbaz credited India head coach Gautam Gambhir for his technical inputs after smashing a 51-ball 102 in the rain-hit first One-Day International.

Want A Credit Card? Read This

Want A Credit Card? Read This

Rediff.com6 May 2026

'First-time applicants may witness longer approval times or higher rejection rates and requests for more documentation.'

Why Credit Card Usage Is Booming In India

Why Credit Card Usage Is Booming In India

Rediff.com18 May 2026

Credit card transactions in India have surged over 2.6 times between 2021 and 2025, driven by private sector banks, while debit card usage declines due to growing adoption of UPI and digital wallets, according to an RBI report.

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Credit Card Transactions Soar 2.6x, Private Banks Dominate

Rediff.com18 May 2026

Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.

Man Held For Credit Card Fraud In Delhi

Man Held For Credit Card Fraud In Delhi

Rediff.com11 May 2026

Delhi Police have arrested a man from Bihar for allegedly committing credit card fraud of Rs 3.99 lakh. The accused used stolen credentials to make purchases through the victim's e-commerce account.

Mizoram's Bamboo Revolution

Mizoram's Bamboo Revolution

Rediff.com2 days ago

The Horticulture Department conducts a site visit at the Bamboo development project at Thingthelh.

NBFCs show strong Q4, but near-term outlook remains cautious

NBFCs show strong Q4, but near-term outlook remains cautious

Rediff.com4 Jul 2026

Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.

Deepti Sharma outlines India's strategy vs England on Day 2 of women's Test

Deepti Sharma outlines India's strategy vs England on Day 2 of women's Test

Rediff.com2 days ago

India all-rounder Deepti Sharma emphasised the importance of the first hour on day two of the one-off women's Test against England, aiming for early wickets to pressure the hosts. India posted 285 in their first innings, with half-centuries from Smriti Mandhana, Harmanpreet Kaur, and Deepti herself, before taking an early England wicket. Sharma also discussed the variable pitch conditions, which she expects to continue assisting bowlers.

'Kohli was my pillar': Patidar credits Kohli after IPL 2026 glory

'Kohli was my pillar': Patidar credits Kohli after IPL 2026 glory

Rediff.com1 Jun 2026

Rajat Patidar, Royal Challengers Bengaluru's skipper, expressed his gratitude to Virat Kohli for his technical batting suggestions and unwavering support to the team's junior members after their IPL victory.

NBFCs drive India's securitisation market to record Rs 60,000 crore in Q1

NBFCs drive India's securitisation market to record Rs 60,000 crore in Q1

Rediff.com6 days ago

India's securitisation market achieved its highest-ever first-quarter performance, reaching approximately 60,000 crore, a 22 per cent year-on-year increase, primarily driven by Non-banking financial companies (NBFCs) and a significant surge in gold loan securitisation.

Poor Credit Score May Cost You Jobs

Poor Credit Score May Cost You Jobs

Rediff.com14 Apr 2026

Over the past three years, the appointments of 20 candidates selected through the Institute of Banking Personnel Selection were cancelled or offers were withdrawn due to poor credit history.

Nikita Dutta On Rediff Podcast: 'Dating Is Difficult If You're An Actor'

Nikita Dutta On Rediff Podcast: 'Dating Is Difficult If You're An Actor'

Rediff.com3 days ago

Nikita Dutta is bindaas, and doesn't shy away from any kind of question, no matter how controversial or personal it may appear. So yes, body shaming, going under the knife, casting requests, romance, her starry co-stars... she's got it all covered on The Rediff Podcast.

Farmer gets alert for 1-paisa as PM-Kisan payout, govt calls it 'glitch'

Farmer gets alert for 1-paisa as PM-Kisan payout, govt calls it 'glitch'

Rediff.com30 Jun 2026

A farmer in Maharashtra received a message indicating a one-paisa credit instead of the expected Rs 2,000 under the PM-Kisan scheme, causing confusion. The Agriculture Department later clarified it was a technical error and the full instalment had been successfully processed.

India fuel retailers face credit strain as high oil prices persist, says Fitch

India fuel retailers face credit strain as high oil prices persist, says Fitch

Rediff.com5 May 2026

Fitch Ratings has warned that India's oil marketing companies (OMCs) could face significant credit pressure if crude oil prices remain elevated, leading to eroded earnings and increased working capital needs due to delayed fuel price pass-through.

'11 jets were down': Trump renews claim on India-Pak conflict

'11 jets were down': Trump renews claim on India-Pak conflict

Rediff.com4 days ago

Former US President Donald Trump reiterated his claim of mediating the India-Pakistan conflict, stating that 11 jets were shot down during the May 2023 hostilities. He also suggested the conflict could have escalated to a nuclear level and claimed credit for averting a major catastrophe, a claim consistently denied by India which maintains no third-party intervention occurred.

One 97 Communications Subsidiary Gets European Payment Institution Licence

One 97 Communications Subsidiary Gets European Payment Institution Licence

Rediff.com3 Jul 2026

One 97 Communications, operating as Paytm, announced that its subsidiary, Paytm Europe Payments, has secured a payment institution licence from Luxembourg's financial regulator, CSSF, effective July 2, 2026. This licence permits services like execution of payment transactions, credit transfers, and acquiring payment transactions, marking a significant step in Paytm's European expansion strategy, supported by a recent 9 million euro investment from Paytm Cloud Technologies Limited.

Suryansh Shedge credits 'Ricky sir', Iyer for mindset shift

Suryansh Shedge credits 'Ricky sir', Iyer for mindset shift

Rediff.com9 May 2026

Punjab Kings all-rounder Suryansh Shedge attributes his improved performance in the Indian Premier League to a crucial mindset shift, crediting head coach Ricky Ponting and skipper Shreyas Iyer for their guidance.

From ACL rehab to Lord's honours board: Yastika Bhatia's remarkable comeback

From ACL rehab to Lord's honours board: Yastika Bhatia's remarkable comeback

Rediff.com16 hours ago

India wicketkeeper-batter Yastika Bhatia became the first woman cricketer to score a Test century at Lord's, hitting 113 against England. This remarkable achievement marks a significant comeback for Bhatia, who recovered from a career-threatening ACL injury sustained last year. She credited her family, teammates, and support staff for her successful rehabilitation and expressed her belief that her best is yet to come.

Are You A Freelancer? Here's An ITR Guide

Are You A Freelancer? Here's An ITR Guide

Rediff.com17 hours ago

Tax treatment depends on the activity and manner of earning income.

LTM to introduce 'Blueverse Credit' AI-linked pricing model in FY27

LTM to introduce 'Blueverse Credit' AI-linked pricing model in FY27

Rediff.com4 May 2026

IT services major LTM is set to introduce a new pricing framework, 'Blueverse Credit', in the first quarter of FY27, aiming to align monetisation with the growing adoption of agentic artificial intelligence.

Ford India's new Coimbatore hub to drive data science, enhance global resilience

Ford India's new Coimbatore hub to drive data science, enhance global resilience

Rediff.com4 days ago

Ford Business Solutions (FBS) India, the global capability centre for Ford Motor Company, has inaugurated a new office in Coimbatore, its third location in India. This expansion is a strategic move to strengthen the resilience of Ford's global operations, with nearly 50 per cent of its future growth in India expected to be in technology, data science, and data analytics.

RBI mandates faster credit of inward remittances

RBI mandates faster credit of inward remittances

Rediff.com10 Apr 2026

The Reserve Bank of India (RBI) has introduced stricter timelines for banks to process inward cross-border remittances, aiming to reduce delays in crediting funds to beneficiaries by mandating immediate customer intimation and more frequent nostro account reconciliation.

Ganguly's ICC Hall of Fame induction draws warm tributes from Sachin, Yuvraj

Ganguly's ICC Hall of Fame induction draws warm tributes from Sachin, Yuvraj

Rediff.com4 days ago

Tributes continued to pour in for former India captain Sourav Ganguly a day after he was inducted into the ICC Hall of Fame, with batting great Sachin Tendulkar and former all-rounder Yuvraj Singh congratulating one of India's most successful captains.

Borrowers Beware! How You Handle Money Now Decides Your Loan

Borrowers Beware! How You Handle Money Now Decides Your Loan

Rediff.com25 Jun 2026

Lending is no longer just about what you've done. It is about how you manage money over time, says Mohit Jain, Co-founder, Finfinity.

'Suffering is in our DNA': Scaloni hails Argentina's fighting spirit

'Suffering is in our DNA': Scaloni hails Argentina's fighting spirit

Rediff.com1 days ago

Argentina coach Lionel Scaloni lauded his team's ability to 'suffer without losing belief' after their dramatic 3-1 extra-time victory over Switzerland in the World Cup quarter-finals, highlighting their growth in navigating challenging situations.

FIFA World Cup 2026: Messi gets emotional, credits team for helping him through tough times

FIFA World Cup 2026: Messi gets emotional, credits team for helping him through tough times

Rediff.com17 Jun 2026

An emotional Lionel Messi was wiping his tears with his shirt after scoring Argentina's first goal against Algeria in the World Cup, a strike that marked the beginning of a memorable performance where he netted thrice to secure a 3-0 win.

The Balogun controversy that rocked the FIFA World Cup

The Balogun controversy that rocked the FIFA World Cup

Rediff.com6 days ago

U.S. striker Folarin Balogun, despite a controversial FIFA decision to suspend his red card ban, struggled in the World Cup Round of 16 match against Belgium, leading to the U.S. team's elimination. The decision, which saw U.S. President Donald Trump claim credit, sparked accusations of political pressure on FIFA, while Balogun's birthright citizenship also came under scrutiny.

Flower Credits Bhuvneshwar's Big-Match Temperament for RCB's Success

Flower Credits Bhuvneshwar's Big-Match Temperament for RCB's Success

Rediff.com1 Jun 2026

RCB head coach Andy Flower says veteran pacer Bhuvneshwar Kumar's composure in crunch moments was instrumental in the franchise's successful IPL title defence.