News for 'Despite State Bank of India'

Why Indian Tennis Is In A Slump

Why Indian Tennis Is In A Slump

Rediff.com7 Jun 2025

'We were the best team in Asia at one point. Today, we are barely in the reckoning for the Davis Cup.' 'Players now, especially this decade, lack perseverance.'

Women We Admire: India's Brave Ranis

Women We Admire: India's Brave Ranis

Rediff.com6 Mar 2025

This Women's Day Week, we pay tribute to the extraordinary courage, resilience, and leadership of three iconic Indian queens -- Rani Lakshmibai of Jhansi, Rani Chennamma of Kittur, and Maharani Ahilyabai Holkar of Malwa.

Bihar's Revision Of Voters List: What's Cooking?

Bihar's Revision Of Voters List: What's Cooking?

Rediff.com1 Jul 2025

'The Election Commission is conducting the National Register of Citizens in Bihar through the backdoor.'

Wanted: A Safe Seat For Superstar Vijay

Wanted: A Safe Seat For Superstar Vijay

Rediff.com8 Aug 2025

This is important because he is to be seen as a sure winner before criss-crossing the state to campaign for candidates of the party or an alliance, highlights N Sathiya Moorthy.

Is AIADMK Feeling Uncomfortable With BJP's Politics?

Is AIADMK Feeling Uncomfortable With BJP's Politics?

Rediff.com30 Jun 2025

While acknowledging that they needed strong allies for a chance in the assembly polls, AIADMK cadres seemingly prefer actor-politician Vijay's Tamilaga Vettri Kazhagam to the BJP, owing to the latter's 'communal agenda' and consequent hardline Hindutva image, explains N Sathiya Moorthy.

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Rediff.com21 Apr 2025

The Reserve Bank of India's (RBI's) draft guidelines on gold loans, if implemented in their current form, are expected to impact non-banking financial companies (NBFCs) and mid-tier banks in the near term, more significantly than larger banks, according to analysts.

When A Vice President Resigned For The First Time

When A Vice President Resigned For The First Time

Rediff.com22 Jul 2025

Vice President V V Giri's resignation in 1969 triggered political upheavals that saw the ruling party defy its own presidential nominee, the expulsion of a sitting prime minister by her party president, and a historic split in the Indian National Congress, recounts Utkarsh Mishra.

How Banks SURPRISED India

How Banks SURPRISED India

Rediff.com2 Sep 2021

If the earnings in the first quarter of the current financial year are an indication, most banks, particularly those majority-owned by the government, have fared well, reveals Tamal Bandyopadhyay.

Markets settle at record highs on buying in banking, oil shares

Markets settle at record highs on buying in banking, oil shares

Rediff.com17 Jul 2023

Benchmark Sensex and Nifty closed at new lifetime high levels on Monday on foreign fund inflows and buying in index majors HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 529.03 points or 0.80 per cent to settle at its new all-time closing high of 66,589.93. During the day, it climbed 595.31 points or 0.90 per cent to hit its lifetime intra-day peak of 66,656.20. The NSE Nifty went up by 146.95 points or 0.75 per cent to end at a new record high of 19,711.45.

'Clients Are In Risk-management Mode'

'Clients Are In Risk-management Mode'

Rediff.com28 Apr 2025

'Entering India is exciting, but it's also challenging. You have to be prepared for long-term investment.'

Stalin to challenge Waqf Bill in SC, gets AIADMK support

Stalin to challenge Waqf Bill in SC, gets AIADMK support

Rediff.com3 Apr 2025

Tamil Nadu Chief Minister and DMK president M K Stalin announced that his party will file a case in the Supreme Court against the Waqf Bill passed in the Lok Sabha. The opposition AIADMK expressed solidarity with the DMK's stance, while the BJP members staged a walkout from the Assembly in protest. The CM argued that the amendment was passed at the behest of a few allies despite opposition from majority parties and that it is an attack on the Constitution and religious harmony. The DMK claims the bill threatens the autonomy of the Waqf Board and the Muslim minority population.

SBI pegs GDP growth at 6.3%; lower than govt estimate

SBI pegs GDP growth at 6.3%; lower than govt estimate

Rediff.com8 Jan 2025

The GDP growth is expected to be about 6.3 per cent in the current fiscal year, a tad lower than the government's estimate of 6.4 per cent, owing to several factors such as weak demand, SBI research report said on Wednesday. According to the first advance estimates (FAE) of National Income for 2024-25 released by the National Statistics Office (NSO), released on Tuesday, India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, because of poor showing by the manufacturing and subdued investments.

'Cinema's Greatest Challenge Is Reels'

'Cinema's Greatest Challenge Is Reels'

Rediff.com5 Aug 2025

'I don't know how long cinema will survive.'

Gold demand in India saw 5% rise at 802.8 tonnes in 2024

Gold demand in India saw 5% rise at 802.8 tonnes in 2024

Rediff.com5 Feb 2025

Gold demand in India witnessed a 5 per cent on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the the World Gold Council. The World Gold Council (WGC) in a report on Wednesday said gold demand in the country in 2024 stood at 802.8 tonnes, as against 761 tonnes in 2023.

Earnings winter to persist in Q4

Earnings winter to persist in Q4

Rediff.com23 Apr 2025

Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.

Rs 2,000 crore loans to Go First are now NPA: Central Bank of India

Rs 2,000 crore loans to Go First are now NPA: Central Bank of India

Rediff.com23 Oct 2023

Central Bank of India classified its loans to Go First as non-performing assets (NPAs) in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). The no-frills carrier has been under insolvency proceedings since May 2023 and ceased operating flights on May 3 this year. The public sector lender's exposure, including government-guaranteed emergency credit to the ailing airline, amounts to about Rs 2,000 crore.

Sensex, Nifty extend losses; Reliance, Airtel drag

Sensex, Nifty extend losses; Reliance, Airtel drag

Rediff.com5 Sep 2024

Among the 30 Sensex firms, Reliance Industries declined over 1 per cent. Tata Motors, Nestle, Bharti Airtel, Bajaj Finance, Larsen & Toubro, JSW Steel and Mahindra & Mahindra were other big laggards. In contrast, Titan, ITC, Infosys, HCL Technologies, Tata Steel and State Bank of India were among the biggest gainers.

Pak troops violate ceasefire for 11th night in a row

Pak troops violate ceasefire for 11th night in a row

Rediff.com5 May 2025

Pakistan troops have violated the ceasefire agreement for the 11th consecutive night, firing on Indian posts along the Line of Control (LoC) in Jammu and Kashmir. The firing began in Kupwara and Baramulla districts and spread to other sectors, including Poonch, Rajouri, Mendhar, Naushera, Sunderbani, and Akhnoor. The Indian Army responded promptly and proportionately. The ceasefire violation comes despite a recent phone call between the Directors General of Military Operations (DGMOs) of India and Pakistan on April 29. This marks the latest escalation of tensions between the two countries, following a terror attack in Pahalgam in April.

Stranded in Tehran, Bengal man plan to cross over Afghanistan or Pak

Stranded in Tehran, Bengal man plan to cross over Afghanistan or Pak

Rediff.com17 Jun 2025

'I hear that there are some 10,000 Indians stuck in Iran, including nearly 4,000 students from Kashmir. But, I do not know any of them. Here I am all by myself and the embassy has asked me not to venture out far from my hotel. People here are going about their daily lives despite the bombings'

Will Vijay's CM Googly Win TN Poll Match?

Will Vijay's CM Googly Win TN Poll Match?

Rediff.com5 Jul 2025

Vijay is counting on what was once proclaimed as his last filmi outing, Jana Nayagan, or 'People's Hero', to do the trick for him, when it releases on January 9, 2026, only months before the assembly poll, observes N Sathiya Moorthy.

Pak gets $1 bn as second tranche from IMF; budget under scanner

Pak gets $1 bn as second tranche from IMF; budget under scanner

Rediff.com14 May 2025

The disbursement of the second tranche comes on a day when the International Monetary Fund is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region.

Which is the new battleground in tax disputes?

Which is the new battleground in tax disputes?

Rediff.com25 Jun 2025

In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.

Will Marathi Unite Thackeray Cousins?

Will Marathi Unite Thackeray Cousins?

Rediff.com5 Jul 2025

'Let's see how this love story shapes up in the run up to the municipal corporation election.'

Why Bobby Deol Succeeded Where Zeenat Aman Didn't

Why Bobby Deol Succeeded Where Zeenat Aman Didn't

Rediff.com16 Jun 2025

Most actors usually face obscurity after a fade-out from the limelight.

Why PSU Banks Should Be Held Accountable

Why PSU Banks Should Be Held Accountable

Rediff.com8 Nov 2023

If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.

RBI supersedes Abhyudaya Co-op Bank board for poor governance

RBI supersedes Abhyudaya Co-op Bank board for poor governance

Rediff.com25 Nov 2023

The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.

Banking, FMCG, pharma shares drag Sensex down 366 points

Banking, FMCG, pharma shares drag Sensex down 366 points

Rediff.com11 Aug 2023

From the Sensex pack, IndusInd Bank, NTPC, Asian Paints, Hindustan Unilever, JSW Steel, Tech Mahindra, Bajaj Finance, Infosys, Wipro, ICICI Bank, Bajaj Finserv, HDFC Bank and Tata Motors were among the major laggards. HCL Technologies, Power Grid, Titan, Reliance Industries, UltraTech Cement, Tata Steel, State Bank of India and Mahindra & Mahindra were the gainers.

'We're Winning The War Against Terrorism'

'We're Winning The War Against Terrorism'

Rediff.com30 May 2025

'We've moved from thousands killed yearly in Jammu and Kashmir to 127 last year.' 'Cross-border terrorism in Kashmir is being solved. We are winning it.'

Syed Abid Ali: A Panther On The Field

Syed Abid Ali: A Panther On The Field

Rediff.com17 Mar 2025

Abid Ali's contributions to Indian cricket remain etched in history. His spirit, sportsmanship, and selfless play defined an era, and his legacy will endure in the annals of the game.

Markets end in red; dragged down by RIL Kotak Mahindra

Markets end in red; dragged down by RIL Kotak Mahindra

Rediff.com22 Jul 2024

ITC, State Bank of India, HCL Technologies and IndusInd Bank were the other big laggards. NTPC, UltraTech Cement, HDFC Bank and Mahindra & Mahindra were among the gainers.

Telangana tunnel collapse: 72 hours on, no contact with 8 trapped workers yet

Telangana tunnel collapse: 72 hours on, no contact with 8 trapped workers yet

Rediff.com25 Feb 2025

Rescue efforts continue in Telangana for eight people trapped in a collapsed tunnel, but hopes for their survival are fading as experts from the Geological Survey of India and the National Geographical Research Institute have been brought in. The tunnel is filled with debris, making the rescue operation extremely difficult. Despite relentless efforts by the Indian Army, Navy, NDRF, and other agencies, no breakthrough has been achieved so far.

HDFC Bank overtakes SBI as India's most valued bank

HDFC Bank overtakes SBI as India's most valued bank

Rediff.com27 Jul 2012

SBI shares were seen trading under pressure with a fall of nearly 2 per cent this afternoon, despite an overall uptrend in the market, while HDFC Bank shares gained by more than 3 per cent.

Tsari Yatra May Help Ease India China Tensions

Tsari Yatra May Help Ease India China Tensions

Rediff.com2 Jan 2025

Why can't the Indian government propose to the Chinese a corridor circumambulating the Holy Mountain where people from both sides could perform the yatra again? asks Claude Arpi.

Meet the boatman who made Rs 30 crore during Kumbh

Meet the boatman who made Rs 30 crore during Kumbh

Rediff.com5 Mar 2025

Inspired by the earnings of boat operators during the 2019 Ardh Kumbh, a boatman's family in Uttar Pradesh's Prayagraj took a bold entrepreneurial step during the recently concluded Mahakumbh Mela 2025, generating a staggering profit of Rs 30 crore.

RBI sees 'sequential pickup in economic activity'

RBI sees 'sequential pickup in economic activity'

Rediff.com19 Feb 2025

High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.

SBI to continue in UK despite crackdown on foreign banks

SBI to continue in UK despite crackdown on foreign banks

Rediff.com20 Oct 2014

SBI, which has been operating in the UK for 95 years, said it is prepared to set aside 100 million pounds in ring-fenced capital and restructure its operations if that is necessary to keep operating on the high streets.

DD airs The Kerala Story despite protest by CPM, Congress

DD airs The Kerala Story despite protest by CPM, Congress

Rediff.com6 Apr 2024

The Congress in Kerala on Friday approached the Election Commission of India (ECI) against the decision of Doordarshan to telecast the controversial movie The Kerala Story, saying it was a 'tacit effort' to divide society on religious grounds to further the electoral prospects of the ruling Bharatiya Janata Party.

FDI inflows in India cross $1 trillion

FDI inflows in India cross $1 trillion

Rediff.com8 Dec 2024

Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Uncertainty resulting from Trump's tariffs will be short-lived: TCS CEO

Rediff.com13 Apr 2025

K Krithivasan -- the chief executive and managing director of TCS -- believes that the tariff moves-induced uncertainty impacting the sector will be "short-lived" and expects it to get resolved within "months".

Caste census decision exposes...: BJP

Caste census decision exposes...: BJP

Rediff.com1 May 2025

The Bharatiya Janata Party on Thursday said the Centre's decision to include caste enumeration in the next census has exposed the difference between the Modi government's 'true intentions' and the 'empty sloganeering' of the Congress.