"We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion," says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere.
After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.
Swashbuckling wicketkeeper-batter Ishan Kishan turns 27 on Friday!
The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical consumables, and also high-end therapies in oncology and rare diseases, helping reduce out-of-pocket patient expenditure and better adherence to medication.
Investor sentiment across Asian markets has shifted sharply in August, reveals the latest Bank of America (BofA) Fund Manager Survey, which found global growth expectations retreating after three months of improvement.
The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.
India's BFSI sector is set for robust growth, with hiring projected to rise 8.7 per cent in 2025-26 and touch 10 per cent by 2030, creating nearly 2.5 lakh permanent jobs, a report said on Thursday. This growth in the Banking, Financial Services, and Insurance (BFSI) sector is being driven by rising demand in tier II and III cities, marking a clear shift from metro-centric recruitment.
The rate of unemployment in the country declined to 5.2 per cent in July from 5.6 per cent in June, a government survey said on Monday. The unemployment rate (UR) in May was also 5.6 per cent, said the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI).
Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks, impacting the user industries, including the auto and electronics sectors.
Sankarshan Thakur, editor of The Telegraph whose prowess with words added that extra edge to his analyses and ground reports, died at a Gurgaon hospital on Monday after prolonged illness. He was 63.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
The finance ministry on Thursday sought to clarify that there was no distress in household savings and the data indicated that changing consumer preference for different financial products was the real reason for the change in the pattern of household savings. The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades, at 5.1 per cent of GDP in FY23 compared to 7.2 per cent of GDP in FY22. The divergence in the data for household gross financial assets and liabilities is not a cause for concern for the government, as the loans have largely been taken to buy real assets or automobiles, the finance ministry said.
10 Heroes of the 1965 War which ended on September 23 60 years ago.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
A Mumbai court granted bail to a woman arrested for kidnapping in 2013, emphasizing the importance of a child's access to their natural guardian. The court considered the accused's daughter, who has been in a children's home since her mother's arrest, and the lack of progress in the trial.
Bihar Chief Minister Nitish Kumar announced free power up to 125 units for all domestic consumers in the state, effective from August 1. The move, benefiting 1.67 crore households, comes ahead of the upcoming assembly polls and amid promises from opposition leaders.
Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.
Kudumbashree's new initiatives like onasadya, Onam kits and gift hampers are a huge hit.
The rise was more pronounced in urban areas than in the rural areas.
'Why have we failed to address the issue of ensuring a requisite buffer zone in J&K, given that cross-border links of some J&K politicians are known?', asks Lieutenant General Prakash Katoch (retd).
A recent World Bank report placing India among the most equal countries globally may present a limited view of inequality, with economists suggesting that broader data sets could tell a different story. According to the report, India's Gini index (or coefficient/ratio), a key measure of inequality, stood at 25.5 in 2022-23, placing the country fourth globally in terms of equality, behind only the Slovak Republic, Slovenia, and Belarus.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Domestic automobile retail sales declined 4 per cent year-on-year in July amid drop in demand for passenger vehicles and two-wheelers, dealers' body FADA said on Thursday. Overall registrations dropped to 19,64,213 units last month, as compared to 20,52,759 units in July 2024.
Seventy years after Pather Panchali released on August 26, 1955, we finally get it. Shuttling between the village of Boral and a studio in Calcutta, caught between worrying about the next purse of funds and wondering which item to mortgage next, Satyajit Ray was explaining Indians to themselves, discovers Sreehari Nair.
As the Rohit Sharma Stand was officially unveiled, emotions ran high within the Sharma household.
Spain's King Felipe VI on Thursday granted tennis great Rafa Nadal the noble title of marquis, recognising his contribution to the nation through sporting prowess, according to a royal household statement.
Rescue operations continue in Kishtwar, J&K, following a devastating cloudburst. Anxious relatives cling to fading hope as the search for the missing enters its third day.
Census exercise with caste enumeration will be carried out with the reference date of October 1, 2026, in snow-bound areas like Ladakh and of March 1, 2027, in the rest of the country, the Home Ministry announced on Wednesday.
In 2019, out of the 1,440 minutes in a day, Indian youth spent 148 minutes on employment-related activities, which increased to 158 minutes in 2024.
This time, she's making headlines not for her acting but for her unexpected...
Cooking oil is often discarded after being used for frying at home or in restaurants. However, a refinery of IndianOil has now won a certification to use the same oil to produce sustainable aviation fuel (SAF), the company chairman Arvinder Singh Sahney said.
Ten-month-old Neetika is the lone survivor of her family after a cloudburst in Mandi district. Her father died, and her mother and grandmother are missing. Neighbors are caring for the infant, and authorities are offering assistance.
'She didn't think she'd die. It was just a trend -- a video. But it took her away in seconds.'
Veteran actor B Saroja Devi passed into the ages on Monday, July 14, in Bengaluru.
At the end of the discussion, the older Monpa said that if today the Chinese were to come inside India, "I will fight and kill them", prudently adding, "if they are of my age, if they are younger soldiers, I will not be able to fight". The entire village had a good laugh.
President Droupadi Murmu's address to the nation on the eve of the 79th Independence Day.
The census will be carried out with a reference date of October 1, 2026 in snow-bound areas like Ladakh and March 1, 2027 in the rest of the country, the notification said.
The government is likely to give a subsidy of Rs 30,000-35,000 crore to state-run oil companies - Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) - to compensate for losses incurred from selling LPG at below cost over the past 15 months, according to a senior official.
A mother's day, they say, is never done. Ashwini Mahimkar, a mother of two and a housewife staying in Dubai, lives that adage.
