News for 'Credit'

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

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

Rediff.com3 Aug 2026

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.

CIBIL Score Explained: Why It Matters

CIBIL Score Explained: Why It Matters

Rediff.com4 days ago

For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.

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.

Major Financial Institutions Expand Reach And Offerings

Major Financial Institutions Expand Reach And Offerings

Rediff.com2 hours ago

Axis Bank has opened 50 new branches across India, while Abakkus Mutual Fund has surpassed Rs 10,000 crore in AUM. YES Bank launched a new credit card for women, and J&K Bank partnered with HDFC Life to enhance its insurance offerings, showcasing significant growth and strategic developments in the Indian financial sector.

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.'

SBI MD Highlights Need For Alternative Data In MSME Lending

SBI MD Highlights Need For Alternative Data In MSME Lending

Rediff.com6 days ago

A top SBI official has highlighted the challenges bankers face in lending to MSMEs using only GST data, advocating for the integration of alternative data sources like power consumption and telecom records through credit bureaus to improve credit assessment.

Super.money Unveils SplitStore For Gen Z Buyers

Super.money Unveils SplitStore For Gen Z Buyers

Rediff.com6 Aug 2026

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.

Ponting Shocked, Hayden Labels Australia's Loss 'Embarrassing'

Ponting Shocked, Hayden Labels Australia's Loss 'Embarrassing'

Rediff.com1 days ago

Bangladesh secured a historic nine-wicket victory over Australia in Darwin, marking their first-ever Test win on Australian soil and stunning the No. 1-ranked Test side.

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.

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.

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.

Ranveer Singh's Pralay: Zombies In Post-Pandemic Mumbai

Ranveer Singh's Pralay: Zombies In Post-Pandemic Mumbai

Rediff.com13 hours ago

Ranveer Singh has begun shooting the post-apocalyptic zombie thriller Pralay in Mumbai. It will mark Malayalam actress Kalyani Priyadarshan's Bollywood debut.

Delhi Lakshmi Yojana: Ineligibility Leads To Fund Recovery

Delhi Lakshmi Yojana: Ineligibility Leads To Fund Recovery

Rediff.com4 hours ago

The Delhi government has notified detailed guidelines for the Delhi Lakshmi Yojana, outlining strict provisions for beneficiaries found ineligible, including discontinuation of financial assistance, recovery of disbursed funds, and potential fraud charges. The scheme provides Rs 2,500 monthly to eligible women, with specific rules for fund disbursement via RD/FD accounts and CBDC wallets, along with clear eligibility and exclusion criteria.

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.com7 Aug 2026

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.

How Indian Banks Can Drive A USD 30 Trillion Economy By 2047

How Indian Banks Can Drive A USD 30 Trillion Economy By 2047

Rediff.com5 days ago

A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.

Dhruv Jurel repays Gambhir-Gill's faith with timely fifty against Sri Lanka

Dhruv Jurel repays Gambhir-Gill's faith with timely fifty against Sri Lanka

Rediff.com1 days ago

Dhruv Jurel on Sunday said he was not under any "pressure" despite failing to notch up a fifty in his last seven innings, and thanked head coach Gautam Gambhir and captain Shubman Gill for giving him confidence during the lean phase.

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.

Jeev Milkha Singh's Strong Showing At Staysure PGA Seniors

Jeev Milkha Singh's Strong Showing At Staysure PGA Seniors

Rediff.com7 days ago

Indian golf veteran Jeev Milkha Singh secured a creditable tied 7th position at the 2026 Staysure PGA Seniors Championship in Aberdeen, finishing two-under for the week. South African Darren Fichardt won the tournament, while another Indian golfer, Jyoti Randhawa, missed the cut.

Bajaj Finance's Strong Q1 FY27 Performance Driven by AUM Growth, Digital Initiatives

Bajaj Finance's Strong Q1 FY27 Performance Driven by AUM Growth, Digital Initiatives

Rediff.com9 Aug 2026

Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.

Kotak reveals batting tweaks that helped Devdutt Padikkal flourish against Sri Lanka

Kotak reveals batting tweaks that helped Devdutt Padikkal flourish against Sri Lanka

Rediff.com2 days ago

India's batting coach Sitanshu Kotak lauded Devdutt Padikkal for his maiden international century against Sri Lanka, highlighting his dedicated work on back foot play and shot selection. Kotak also provided an update on vice-captain KL Rahul, who retired hurt due to cramps but is expected to be fit for the next day's play. The coach further discussed the Galle pitch conditions, anticipating more turn as the Test progresses, and praised Rahul's versatility across formats.

PM promises Rs 1 lakh crore Innovation Fund for start-ups

PM promises Rs 1 lakh crore Innovation Fund for start-ups

Rediff.com2 days ago

Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.

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.

Bihar man posing as Ajit Doval's 'covert agent' arrested

Bihar man posing as Ajit Doval's 'covert agent' arrested

Rediff.com6 days ago

A man identified as Manish Gupta was arrested in Bihar's Khagaria district for allegedly impersonating an IAS officer and falsely claiming ties to National Security Advisor Ajit Doval. Police recovered a Tesla car, an SUV, imported liquor, and other luxury items from his residence, indicating extensive fraudulent operations. An investigation into his assets and alleged fraud is underway.

Manush Shah: UTT success provides 'perfect platform' for Asian Games

Manush Shah: UTT success provides 'perfect platform' for Asian Games

Rediff.com7 days ago

India's top paddler Manush Shah believes the Butterfly Ultimate Table Tennis (UTT) campaign has significantly boosted team chemistry and momentum, providing a 'perfect platform' for the upcoming Asian Games.

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.

Modi seeks unity on women's quota in Independence Day address

Modi seeks unity on women's quota in Independence Day address

Rediff.com2 days ago

Prime Minister Narendra Modi has appealed to opposition parties to support the delimitation-linked Women's Reservation Bill, highlighting its 40-year struggle. The bill aims to provide 33 per cent reservation for women in legislatures and increase Lok Sabha seats, requiring a two-thirds majority for passage. Despite previous setbacks and ongoing efforts to secure numbers, the government continues to push for this crucial legislation.

Why Bank Frauds Keep Rising

Why Bank Frauds Keep Rising

Rediff.com7 Aug 2026

'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.'

How SBI Is Revolutionising Banking With Artificial Intelligence

How SBI Is Revolutionising Banking With Artificial Intelligence

Rediff.com5 days ago

State Bank of India (SBI) is extensively using artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans and automate the processing of cheques up to Rs 10,000. This AI adoption aims to enhance efficiency, free up employee bandwidth, and improve customer service across various banking functions.

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.'