News for 'Credit'

Spider-Man: Brand New Day's Post-Credit Scene Explained

Spider-Man: Brand New Day's Post-Credit Scene Explained

Rediff.com5 days ago

Spider-Man: Brand New Day's seemingly underwhelming post-credit scene may actually be quietly setting up Peter Parker's biggest MCU adventure yet.

EPFO Interest Credit: What You Should Know

EPFO Interest Credit: What You Should Know

Rediff.com20 Jul 2026

Millions of EPFO subscribers can now check whether 8.25% annual interest for FY2025-26 has been credited to their provident fund accounts.

Fake GST Credit Jumps To Rs 75,000 Cr In FY26

Fake GST Credit Jumps To Rs 75,000 Cr In FY26

Rediff.com29 Jul 2026

Central tax authorities detected input tax credit (ITC) fraud worth Rs 74,781.56 crore across 30,162 cases in FY26, more than doubling the number of cases from the previous year, according to the Ministry of Finance.

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Geopolitical risks, supply shocks could keep credit-deposit gap elevated: SBI

Rediff.com21 Jul 2026

A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.

Fitch projects 9% revenue growth for Indian corporates in FY27, maintaining stable credit metrics

Fitch projects 9% revenue growth for Indian corporates in FY27, maintaining stable credit metrics

Rediff.com29 Jul 2026

Fitch Ratings forecasts a 9 per cent aggregate revenue increase for rated Indian corporates in the current fiscal year (FY27), a stronger outlook compared to the 5 per cent estimated for FY26, which is expected to keep credit metrics stable despite potential global and domestic challenges.

Banking system liquidity slips to lowest in 3 weeks amid credit growth

Banking system liquidity slips to lowest in 3 weeks amid credit growth

Rediff.com24 Jul 2026

India's banking system liquidity has fallen to its lowest level in over three weeks, driven by robust credit growth and potential RBI intervention in the foreign exchange market, according to the latest data from the Reserve Bank of India.

Gold loans, commercial realty fuel NBFC credit surge in May

Gold loans, commercial realty fuel NBFC credit surge in May

Rediff.com8 Jul 2026

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.com11 Jul 2026

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.

Triple jumper Selva Prabhu credits NCAA for Commonwealth Games readiness

Triple jumper Selva Prabhu credits NCAA for Commonwealth Games readiness

Rediff.com20 Jul 2026

Indian triple jumper Selva Prabhu, a World U20 silver medallist and NCAA champion, is set to make his senior Commonwealth Games debut in Glasgow. He attributes his transformation into a more complete athlete to his experience competing in the NCAA circuit in the United States, highlighting the high-quality coaching and world-class competition. Prabhu is focused on consistency, speed, and technique, aiming to deliver his best performance and make India proud. He also acknowledges the crucial support from the Inspire Institute of Sport (IIS) in his development.

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.com9 Jul 2026

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.

Super.money Unveils SplitStore For Gen Z Buyers

Super.money Unveils SplitStore For Gen Z Buyers

Rediff.com1 days ago

Flipkart-backed Scapic Innovations, operating as super.money, has launched splitStore, a credit-linked e-commerce platform targeting Gen Z. It allows customers to split payments into interest-free installments, with the goal of contributing 20% to total revenue by December and transforming how India shops by providing instant access to products for new-to-credit users.

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.

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

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

Rediff.com13 Jul 2026

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

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

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

Rediff.com9 Jul 2026

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.

Maruti Suzuki urges govt for 'as-is' settlement or amnesty scheme for indirect tax disputes

Maruti Suzuki urges govt for 'as-is' settlement or amnesty scheme for indirect tax disputes

Rediff.com1 days ago

Maruti Suzuki India's CFO, Arnab Roy, has urged the central government to introduce an amnesty scheme or an 'as-is' settlement option to resolve past indirect tax disputes, aiming to clear legacy litigation and foster growth in the automotive industry. Roy emphasised the need for a 'smarter way to address the past' to provide long-term certainty for businesses.

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.

Education Loans: What You Must Know

Education Loans: What You Must Know

Rediff.com31 Jul 2026

Education loan defaults carry serious consequences. Credit bureaus record missed payments against both the student and the co-borrower, usually a parent.

Why Bank Frauds Keep Rising

Why Bank Frauds Keep Rising

Rediff.com1 days ago

'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'

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.

How Gen Z Can Build Wealth With 20% Rule

How Gen Z Can Build Wealth With 20% Rule

Rediff.com27 Jul 2026

'Users should protect their savings goals before allocating money to discretionary expenditure.'

PSBs' Profit Nearly Trebles in Five Years to Record Rs 1.98 Trillion

PSBs' Profit Nearly Trebles in Five Years to Record Rs 1.98 Trillion

Rediff.com29 Jul 2026

India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.

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.

India Will Become A Leader In Applied AI: Nilekani

India Will Become A Leader In Applied AI: Nilekani

Rediff.com1 days ago

'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'

India Inc's foreign borrowing intent surges to $6 billion in June

India Inc's foreign borrowing intent surges to $6 billion in June

Rediff.com1 days ago

Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.

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.'

ITR Filed? Here's When You Can Expect Your Income Tax Refund

ITR Filed? Here's When You Can Expect Your Income Tax Refund

Rediff.com3 days ago

The income tax department has significantly reduced refund processing times over the past few years. But while some taxpayers receive refunds within days, others may wait several weeks or even longer. Here's why.

Easy Loans: 5 Rules Every Borrower Should Follow

Easy Loans: 5 Rules Every Borrower Should Follow

Rediff.com21 Jul 2026

The most financially successful borrowers will not necessarily be those who have the easiest access to credit. They will be the ones who understand how to manage it wisely

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.

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.

'India needs deeper bond, forex, derivatives markets for Viksit Bharat'

'India needs deeper bond, forex, derivatives markets for Viksit Bharat'

Rediff.com28 Jul 2026

Reserve Bank of India Deputy Governor Rohit Jain has stated that India cannot rely solely on bank balance sheets to fund the extensive investment required for its 'Viksit Bharat' (developed India) goal by 2047, emphasising the critical need for deeper corporate bond, foreign exchange, and derivatives markets.

Juyal's big appeal after CWG silver: Look beyond cricket

Juyal's big appeal after CWG silver: Look beyond cricket

Rediff.com21 hours ago

Shubham Juyal, a silver medallist in para-athletics at the Commonwealth Games, has called for Indians to extend their support to all sports, not just cricket. The Lance Naik in the Indian Army expressed pride in representing Roorkee and shared his aspirations to meet Rishabh Pant and win a medal at the LA 2028 Paralympics, crediting the Indian Army and his family for his success.

DC Review: Devdas Gets A Violent Makeover

DC Review: Devdas Gets A Violent Makeover

Rediff.com23 hours ago

With DC, Arun Matheswaran gives the tale of Devdas a stylish, blood-soaked treatment where Wamiqa Gabbi and Anirudh Ravichander steal the show.

Cheaper Chinese AI Models Could Trigger 'Massive Capital Destruction' in US Markets: Jefferies

Cheaper Chinese AI Models Could Trigger 'Massive Capital Destruction' in US Markets: Jefferies

Rediff.com29 Jul 2026

Christopher Wood, global head of equity strategy at Jefferies, warns that cheaper Chinese artificial intelligence (AI) models could lead to 'massive capital destruction' in US markets, highlighting the rapid growth of Chinese LLMs and the increasing debt funding for AI capex in the US.

Actor Sam Dastor, Who Played Gandhi Twice, Passes Away

Actor Sam Dastor, Who Played Gandhi Twice, Passes Away

Rediff.com1 days ago

Sam Dastor, the British-Indian actor who was considered for the lead role in Richard Attenborough's 'Gandhi' and later played Mahatma Gandhi twice in other productions, has passed away at the age of 84.

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.

IOA President PT Usha Praises India's Commonwealth Games Performance

IOA President PT Usha Praises India's Commonwealth Games Performance

Rediff.com6 days ago

Indian Olympic Association President PT Usha expressed immense pride in India's Commonwealth Games performance, particularly highlighting the boxers' mental strength and the overall medal tally, attributing success to government support.

Praveen Chithravel's Commonwealth Games Silver Fuels Family Pride, Village Dreams

Praveen Chithravel's Commonwealth Games Silver Fuels Family Pride, Village Dreams

Rediff.com5 days ago

Indian athlete Praveen Chithravel secured a silver medal in the men's triple jump at the 2026 Glasgow Commonwealth Games, bringing immense pride to his agricultural daily wage worker father and their village in Tamil Nadu.