News for 'Credit Association'

India-Vietnam sign logistics pact allowing use of each other's bases

India-Vietnam sign logistics pact allowing use of each other's bases

Rediff.com8 Jun 2022

The memorandum of understanding on mutual logistics support is the first such major agreement that Vietnam has signed with any country.

RBI extends deadline for shifting of current accounts till Oct 31

RBI extends deadline for shifting of current accounts till Oct 31

Rediff.com5 Aug 2021

The Reserve Bank of India (RBI) on Wednesday gave banks time till October 31 to comply with its guidelines on current account and overdraft facilities. The central bank indicated that it was in no mood to change the proposed rules, but would only allow for stretching the timeline for smoother implementation. The initial deadline had ended on July 31, leading to thousands of current accounts being closed or frozen by banks. Lenders had requested the RBI for some more time to resolve the operational issues in implementing the provisions of the August 2020 circular in letter and spirit.

How 'special meeting' with Raina spurred MI youngster Tilak...

How 'special meeting' with Raina spurred MI youngster Tilak...

Rediff.com4 Apr 2022

Tilak Varma's lucid style of strokeplay must have brought a wide grin on Suresh Raina's face while watching him reverse sweep Ravichandran Ashwin for a six.

Former India player Rao retires from cricket

Former India player Rao retires from cricket

Rediff.com30 Jul 2019

The 37-year-old represented India in 16 ODIs, and also featured in 65 IPL matches for Deccan Chargers and Sunrisers Hyderabad.

'Some love me, many hated me'

'Some love me, many hated me'

Rediff.com19 Jul 2022

'N Chandra told me, "Arree yaar, don't get heavy on me now! This is a Hindi movie so leave your logic at home".'

SC upholds validity of amendment to FCRA provisions, says strict rule must

SC upholds validity of amendment to FCRA provisions, says strict rule must

Rediff.com8 Apr 2022

The top court noted many recipients of foreign contributions had not utilised the same for the purposes for which they were registered or granted prior permission under the Act.

Prannoy apologises to BAI over Arjuna Award row

Prannoy apologises to BAI over Arjuna Award row

Rediff.com23 Jun 2020

BAI General Secretary Ajay Singhania said that BAI is in receipt of the letter from the shuttler.

'It's ok to be mediocre': Grp Cpt Varun told students of his school

'It's ok to be mediocre': Grp Cpt Varun told students of his school

Rediff.com10 Dec 2021

He was conferred with the Shaurya Chakra in August for averting a possible mid-air accident after his Tejas light combat aircraft suffered a major technical glitch last year.

Helmet review

Helmet review

Rediff.com3 Sep 2021

Helmet's sole attribute are its three actors. Aparshakti Khurana, Abishek Banerjee and Ashish Verma have an effortless witty quality and breezy camaraderie, observes Sukanya Verma.

What Today's Millennials Want From Govt

What Today's Millennials Want From Govt

Rediff.com12 Feb 2022

Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.

Struggled early, but plan was to take it deep: Rizwan

Struggled early, but plan was to take it deep: Rizwan

Rediff.com3 Nov 2021

Former Australia fast bowler Brett Lee is confident Aaron Finch and Co. can bounce back from their crushing group stage defeat at the hands of England provided their top-order fires in the upcoming matches of the T20 World Cup.

Sebi plans stress tests, liquid holdings for debt MFs

Sebi plans stress tests, liquid holdings for debt MFs

Rediff.com23 Sep 2020

This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.

FinMin asks states to vaccinate bank, insurance staff on priority

FinMin asks states to vaccinate bank, insurance staff on priority

Rediff.com14 May 2021

The finance ministry on Friday asked state governments to accord priority to employees of banks and insurance companies for Covid-19 vaccination, saying they are exposed to high risks during these difficult times.

Ranji: Dhapola's fiery spell puts U'khand in command

Ranji: Dhapola's fiery spell puts U'khand in command

Rediff.com27 Dec 2022

Dhapola's feat did not miss the attention of the BCCI secretary Jay Shah who termed it as one of the finest bowling performances of the tournament.

'It's ok to be mediocre': Group Cpt Varun Singh wrote to students of his school in Sep

'It's ok to be mediocre': Group Cpt Varun Singh wrote to students of his school in Sep

Rediff.com15 Dec 2021

'Whatever you work towards, be dedicated, do your best. Never go to bed thinking I could have put in more effort'

Debt profile worsens for V G Siddhartha's unlisted private companies

Debt profile worsens for V G Siddhartha's unlisted private companies

Rediff.com1 Aug 2019

The financials of six privately held companies associated with Siddhartha show an increase in debt and falling ability to meet short-term obligations.

Challenges that Dinesh Khara, the new SBI chief faces

Challenges that Dinesh Khara, the new SBI chief faces

Rediff.com8 Sep 2020

Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.

Shane Warne's career highlights

Shane Warne's career highlights

Rediff.com4 Mar 2022

Factbox on former Australian spinner Shane Warne, who died on Friday at the age of 52.

80D Limit Available? Opt For Health Check-up

80D Limit Available? Opt For Health Check-up

Rediff.com4 Mar 2022

You can avail of tax deduction on expenses incurred on preventive health check-ups. This provision is beneficial to younger people who don't exhaust their Section 80D limit with their health insurance premium.

'How much more Indian can my film get?'

'How much more Indian can my film get?'

Rediff.com13 Oct 2022

'These accusations of my film being a copy only makes our chances at the Academy harder.'

WazirX controversy bares crypto's trade secrets in India

WazirX controversy bares crypto's trade secrets in India

Rediff.com25 Aug 2022

A few days back, Finance Minister Nirmala Sitharaman urged the start-up community and public to deal in cryptocurrency with caution because everything that was floating around was not currency. In the first week of August, the country's top nine crypto exchange platforms were summoned by the Directorate of Enforcement (ED) in Hyderabad. The exchanges were questioned for money laundering, especially over a number of Indian non-banking financial companies and their fintech partners for predatory lending practices in violation of the Reserve Bank of India (RBI) guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.

Third Wave: Be Financially Prepared!

Third Wave: Be Financially Prepared!

Rediff.com28 Jul 2021

Postpone the purchase of big-ticket consumer durable items, recreational spending on holidays, and other such expenses unless your financial position is very secure, advises Sarbajeet K Sen.

New recurring payment norms: 4 weeks later, people still face disruptions

New recurring payment norms: 4 weeks later, people still face disruptions

Rediff.com28 Oct 2021

More than three weeks have passed since the Reserve Bank of India's (RBI's) new guidelines on e-mandates for recurring payments came into effect but consumers are still taking to social media platforms to complain about the disruptions they are facing. This comes as most stakeholders in the ecosystem have not put in place systems in accordance with the new rules, resulting in many transactions not going through. Industry sources said most banks are still not ready, especially the smaller ones.

MFs plan to launch a slew of FMPs as bond yields increase

MFs plan to launch a slew of FMPs as bond yields increase

Rediff.com8 Apr 2021

An additional factor spurring the FMP launches is MFs' desire to retain investors as many such offerings are set to mature over the next two months.

Why MFIs could end up losing Rs 1,500 cr

Why MFIs could end up losing Rs 1,500 cr

Rediff.com17 Jun 2020

Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment.

'Perhaps they want MSMEs to die'

'Perhaps they want MSMEs to die'

Rediff.com24 Mar 2022

'The finance minister said, the MSME is the backbone of the economy. My question is, what have you done for the sector?'

Peng Shuai appears in Beijing, WTA not reassured

Peng Shuai appears in Beijing, WTA not reassured

Rediff.com21 Nov 2021

Chinese tennis star Peng Shuai, whose whereabouts have been a matter of international concern for weeks, attended a tennis tournament in Beijing on Sunday.

Women footballers up for goals, but lack support off-field

Women footballers up for goals, but lack support off-field

Rediff.com24 Jan 2022

The view is that the attention on the national team is fleeting, incidental and dependent on the results they produce.

Hamas official takes credit for kidnap, murder of Israeli teens

Hamas official takes credit for kidnap, murder of Israeli teens

Rediff.com21 Aug 2014

A senior Hamas official has admitted the militant group's involvement in the kidnapping and murders of three Israeli youngsters which sparked off the current violence in Gaza, contrary to the outfit's earlier claims that it had nothing to do with the killings.

Meet SBI's new boss

Meet SBI's new boss

Rediff.com15 Oct 2020

DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.

Full text: President Murmu's address to Parliament's Budget Session

Full text: President Murmu's address to Parliament's Budget Session

Rediff.com31 Jan 2023

'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.

Why India's exports are likely to fly high in New Year

Why India's exports are likely to fly high in New Year

Rediff.com19 Dec 2021

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.

Challenge Before Rahul's Bharat Jodo Yatra

Challenge Before Rahul's Bharat Jodo Yatra

Rediff.com26 Sep 2022

People may line up to see Rahul Gandhi, given he is currently, the only major politician speaking of inflation and unemployment in an India bombarded daily by Right-wing delusion. The challenge is how to transfer the goodwill into votes when the object of curiosity is surrounded by usual suspects and sycophants, observes Shyam Menon.

PayU buys BillDesk for $4.7 bn in one of largest Indian fintech deals

PayU buys BillDesk for $4.7 bn in one of largest Indian fintech deals

Rediff.com1 Sep 2021

Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).

India's economy to suffer record contraction in 2020-21: S&P

India's economy to suffer record contraction in 2020-21: S&P

Rediff.com25 Sep 2020

Observing that India's worsening COVID-19 situation and the strict measures to contain it have hit the economy hard, the rating agency said productive capacity has been severely disrupted since the start of the pandemic.

The Girl Who Flew Across The World

The Girl Who Flew Across The World

Rediff.com18 Aug 2022

'I've always wanted to be a pilot; setting records is the icing on the cake.'

Langer inducted into Australian cricket Hall of Fame

Langer inducted into Australian cricket Hall of Fame

Rediff.com27 Jan 2022

Raelee Thompson too honoured

Why former women's hockey coach Marine's salary was withheld

Why former women's hockey coach Marine's salary was withheld

Rediff.com3 Nov 2021

Former women's hockey team chief coach Sjoerd Marijne's 'full and final' salary was stopped on the recommendations of Hockey India after he was denied a 'No Objection Certificate' for failing to return his official laptop, which, according to the Dutchman, is on its way to India now.

Should India Inc get licence to operate banks? RBI still undecided

Should India Inc get licence to operate banks? RBI still undecided

Rediff.com16 Dec 2021

Reserve Bank of India (RBI) deputy governor M Rajeshwar Rao on Wednesday defended the central bank's decision of not allowing industrial houses to float banks, and said more deliberations are needed before RBI changes its stance on this issue agreed back in 2001. An internal working group (IWG) of the RBI had recommended allowing industrial groups into banking, but late last month the RBI said it kept on hold the two recommendations of allowing industrial houses and large non-banks to float banks. However, RBI had accepted 21 of the 33 recommendations of the group that submitted its report a year ago.

Kolkata's Durga Puja gets Unesco's heritage tag, Bengal ecstatic

Kolkata's Durga Puja gets Unesco's heritage tag, Bengal ecstatic

Rediff.com15 Dec 2021

Unesco on Wednesday accorded heritage status to Kolkata's Durga puja festival, bringing glory to the country, with Prime Minister Narendra Modi and Chief Minister Mamata Banerjee lauding the move.