News for 'India Lends'

3rd ODI: Can India avoid series whitewash vs SA?

3rd ODI: Can India avoid series whitewash vs SA?

Rediff.com22 Jan 2022

The Indian team's strategy is expected to undergo paradigm shift with some players getting a subtle yet stern message to lift their games as they face an embarrassing possibility of a clean sweep against South Africa in the third ODI, in Cape Town on Sunday.

Alia Bhatt lends her support to Indian football

Alia Bhatt lends her support to Indian football

Rediff.com12 May 2017

Now, the sensational actress has lent her support to Indian football as the country prepares to host the FIFA Under-17 Word Cup in October, later this year.

Paine hints Warner may play third Test against India

Paine hints Warner may play third Test against India

Rediff.com29 Dec 2020

Australia captain Tim Paine on Tuesday hinted that opener David Warner could play the third Test against India, while the young Will Pucovski is also not far from returning to competitive cricket.

New Interest Regime: Both Customers And Banks To Feel Pain

New Interest Regime: Both Customers And Banks To Feel Pain

Rediff.com29 Jun 2022

Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay.

RBI hikes interest rate by 40 bps; EMIs to become expensive

RBI hikes interest rate by 40 bps; EMIs to become expensive

Rediff.com4 May 2022

The Reserve Bank on Wednesday increased the benchmark lending rate by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which has remained stubbornly above the target zone of 6 per cent for the last three months. The decision follows an unscheduled meeting of the Monetary Policy Committee (MPC), with all six members unanimously voting for a rate hike while maintaining the accommodative stance. While the inflation has remained above the targetted 6 per cent since January, RBI Governor Shaktikanta Das said the inflation print in April is also likely to be high.

When Retro Songs Make A Re-Entry In The Movies

When Retro Songs Make A Re-Entry In The Movies

Rediff.com24 Jul 2023

Using snatches of a cult favourite or evergreen classic in its original form for action, comedy or romance can transform the entire vibe of a scene.

SBI raises $1 bn from JBIC, other Japanese lenders

SBI raises $1 bn from JBIC, other Japanese lenders

Rediff.com29 Oct 2020

These are untied loans, meaning SBI has freedom to use this money to lend. They also do not come with any conditions attached for lending to specific projects or programmes.

Crypto firms see no long term impact of fall of US banks, investors unsure

Crypto firms see no long term impact of fall of US banks, investors unsure

Rediff.com15 Mar 2023

The collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank in the US might create temporary liquidity issues but will not have any significant impact on the Indian crypto market in the long run, officials from several exchanges told Business Standard. All three banks are considered crypto-friendly. SVB offered services such as cryptocurrency custody and lending.

What India Needs In Ladakh: Light Tanks

What India Needs In Ladakh: Light Tanks

Rediff.com27 Jan 2022

India has over 4,000 medium tanks, but not a single light tank. It remains to be seen whether the Ladakh face-off with China galvanises a change, observes Ajai Shukla.

RBI may effect one more rate hike: Uday Kotak

RBI may effect one more rate hike: Uday Kotak

Rediff.com8 Dec 2022

A day after the RBI raised the benchmark lending rate by 35 basis points, Kotak Mahindra Bank Managing Director Uday Kotak on Thursday said the central bank may go for one more rate hike to bring inflation below its upper tolerance level of 6 per cent. Yesterday, the RBI indicated that it wants inflation to be within the band first and then move towards the target of 4 per cent, Kotak said at the CII Global Economic Policy Summit 2022. "My sense is that there could be one more rate hike and that may be the time for thinking about a pivot, but we got to watch very closely the data, and maybe around 6.5 per cent as it looks today, subject to what happens to the world, subject to what happens to oil, subject to what happens to many other things," he said.

'There could be new challenges, new battles'

'There could be new challenges, new battles'

Rediff.com7 Apr 2023

'The Indian economy and the Indian financial sector today remain resilient and much better placed.'

How many firms are giving online app-based loans? Govt has no data

How many firms are giving online app-based loans? Govt has no data

Rediff.com9 Feb 2021

The Reserve Bank of India has issued several warnings that the public should not fall prey to such unscrupulous activities and verify the companies offering loans online and through apps.

Bloodbath on D-Street; Hindenburg report on Adani sinks markets

Bloodbath on D-Street; Hindenburg report on Adani sinks markets

Rediff.com27 Jan 2023

From the Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, Reliance Industries were among the major laggards. Bucking the trend, auto stocks Tata Motors and Mahindra & Mahindra closed with gains.

Lending to India Inc may be risky: IMF

Lending to India Inc may be risky: IMF

Rediff.com29 Apr 2004

India Inc could face problems in repaying their debts, posing risks to lenders, who will have to strengthen their monitoring of growing non-performing assets, warns an International Monetary Fund working paper.

Sensex snaps 7-day losing streak, zooms 1,017 pts post RBI rate hike

Sensex snaps 7-day losing streak, zooms 1,017 pts post RBI rate hike

Rediff.com30 Sep 2022

Equity indices made an emphatic comeback on Friday after falling for seven straight sessions after the RBI hiked interest rates by 50 basis points on expected lines and projected inflation coming under control from January next year. A strong recovery in the rupee added to the momentum, traders said. Overcoming a wobbly start, the 30-share BSE Sensex soared 1,016.96 points or 1.80 per cent to settle at 57,426.92. During the day, it rallied 1,312.67 points or 2.32 per cent to 57,722.63.

Govt blocks access to BBC documentary on Modi

Govt blocks access to BBC documentary on Modi

Rediff.com21 Jan 2023

The Centre has issued directions for blocking multiple YouTube videos and Twitter posts sharing links to the BBC documentary 'India: The Modi Question', sources said.

Om Puri: The Chronicler Of Cities On The Boil

Om Puri: The Chronicler Of Cities On The Boil

Rediff.com18 Oct 2023

'If it weren't for Om Puri, a whole range of our big city experiences wouldn't have found their honest representations on the screen.'

This NBA team will fly in style to India in Drake's private jet

This NBA team will fly in style to India in Drake's private jet

Rediff.com30 Sep 2019

Drake lends $185 million jet to Sacramento Kings for India trip

'RBI should pause rate hikes'

'RBI should pause rate hikes'

Rediff.com27 Mar 2023

'It will send a very strong signal that it is now our time to grow.'

The Must-Visit City By The Lake

The Must-Visit City By The Lake

Rediff.com27 May 2023

The elegant architecture, tree-lined roads, delightful gardens, delicious food, art and military history make Chandigarh an ideal short-trip destination.

Modi urges fugitive economic offenders to return to India

Modi urges fugitive economic offenders to return to India

Rediff.com18 Nov 2021

Prime Minister Narendra Modi on Thursday said his government is using all channels including diplomatic to bring back high-profile economic offenders, leaving them with no option but to return to the country. Speaking at a symposium on credit flow and economic growth, he asked banks to support wealth and job creators with proactive lending while promising to stand by any loans given in right earnest. "In our attempt to bring back fugitive (economic offenders), we relied on policies and law and also used diplomatic channels.

'India will eventually come through'

'India will eventually come through'

Rediff.com12 Nov 2021

No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.

RBI Ban Will Hike Housing Prices

RBI Ban Will Hike Housing Prices

Rediff.com16 May 2022

A 5% increase is expected due to additional interest on approval costs.

China: 'Next 5 years will be tougher for India'

China: 'Next 5 years will be tougher for India'

Rediff.com14 Feb 2022

'We can expect heightened belligerence from China.'

The Memorable Chapters of Satish Kaushik's Career

The Memorable Chapters of Satish Kaushik's Career

Rediff.com10 Mar 2023

The news of his passing is sad and sudden but the body of work he leaves behind will neither fade nor be forgotten.

RBI guv Das worried about slow deposit growth; to meet PSB chiefs

RBI guv Das worried about slow deposit growth; to meet PSB chiefs

Rediff.com15 Nov 2022

Reserve Bank Governor Shaktikanta Das will hold a meeting with CEOs of public sector banks on Wednesday to discuss issues concerning slow deposit growth and sustainability of high credit demand. As per the Reserve Bank of India (RBI) data, deposits rose by 9.6 per cent as compared to 10.2 per cent on a year-on-year basis, while credit offtake witnessed a jump of 17.9 per cent as against 6.5 per cent a year ago. According to an agenda circulated for the meeting, sources said, sustainability, including pricing and slow growth of deposits, would be discussed.

The Strange Death Of India's Pen King

The Strange Death Of India's Pen King

Rediff.com2 Feb 2022

If there is a morality tale here, it is that debt and death spare no king.

'Public Sector Banks Don't Like To Loan To MSMEs'

'Public Sector Banks Don't Like To Loan To MSMEs'

Rediff.com21 Jul 2022

'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'

Can Team India pose tougher challenge to Australia in T20s?

Can Team India pose tougher challenge to Australia in T20s?

Rediff.com3 Dec 2020

Team India possess a much more balanced squad in the shortest format.

Why Are Banks Venturing Into New Areas?

Why Are Banks Venturing Into New Areas?

Rediff.com23 Sep 2021

For now, the concerns over bad loans have taken a back seat; a bigger challenge for the banking community is credit growth, explains Tamal Bandyopadhyay.

Cong seeks 'serious' probe into Hindenburg report against Adani

Cong seeks 'serious' probe into Hindenburg report against Adani

Rediff.com27 Jan 2023

Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.

Big-bang privatisation of PSUs can be harmful, says RBI article

Big-bang privatisation of PSUs can be harmful, says RBI article

Rediff.com19 Aug 2022

A gradual approach to privatise public sector banks (PSBs) is more ideal than taking a big-bang approach, a study by Reserve Bank of India (RBI) staff has concluded. It has backed the government's idea to privatise two PSBs initially. Such a gradual approach would ensure that large-scale privatisation does not create a void in fulfilling important social objectives of financial inclusion and monetary transmission, the study has argued.

Why banks are hesitant to lend more to real estate sector

Why banks are hesitant to lend more to real estate sector

Rediff.com25 Feb 2019

Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.

RBI slows pace of interest rate hikes but hints at more to come

RBI slows pace of interest rate hikes but hints at more to come

Rediff.com8 Feb 2023

The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) by a majority decided to raise the policy repo rate by 25 basis points and keep a 'strong vigil' on inflation outlook.

How Will Modi Shape The G20 Opportunity?

How Will Modi Shape The G20 Opportunity?

Rediff.com2 Mar 2023

Will G20 showcase an India that is inclusive, culturally rich, diverse and tolerant, asks Ramesh Menon.

Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit

Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit

Rediff.com15 Nov 2022

Listed housing finance companies (HFCs), as a group, posted a 3.7 per cent drop in second-quarter (Q2) profit year-on-year (YoY) to Rs 5,830 crore and 19 per cent sequentially on rise in interest expenses and uptick in provisions and write-offs. Operating income rose 13.7 per cent YoY to Rs 54,086 crore in Q2 of 2022-23 (FY23). Sequentially, income was up 62.3 per cent, from Rs 33,331 crore in the first quarter (Q1) of 2021-22 (FY22).

The Mudra Mela Muddle

The Mudra Mela Muddle

Rediff.com13 Sep 2021

Not only has the Mudra loan mela generated no jobs, it has frittered away trillions of taxpayers' money and it's time to bury the scheme, argues Debashis Basu.

Australia women crush India for 25th consecutive ODI win

Australia women crush India for 25th consecutive ODI win

Rediff.com21 Sep 2021

Meg Lanning's ruthless Australia women's team registered their 25th consecutive victory in one-day internationals on Tuesday after crushing India by nine wickets in the series opener in Mackay.

Moody's slashes India's 2020 growth forecast to 5.4%

Moody's slashes India's 2020 growth forecast to 5.4%

Rediff.com17 Feb 2020

Moody's on Monday slashed India's growth forecast for 2020 to 5.4 per cent from 6.6 per cent projected earlier, on slower than expected economic recovery. In its update on Global Macro Outlook, Moody's Investors Service said India's economy has decelerated rapidly over the last 2 years and economic recovery is likely to be 'shallow'.

Markets bounce back after a day's breather post RBI policy

Markets bounce back after a day's breather post RBI policy

Rediff.com5 Aug 2022

Equity benchmarks ended modestly higher on Friday after the Reserve Bank raised the key interest rate in an effort to cool stubbornly high inflation and defend the rupee. Continuous foreign fund inflows into the capital markets and softening crude oil prices also helped the bourses regain momentum, traders said. The 30-share BSE Sensex ended 89.13 points or 0.15 per cent higher at 58,387.93 after facing volatility during the fag-end of trade. During the day, it climbed 350.39 points or 0.60 per cent to 58,649.19. The broader NSE Nifty went up by 15.50 points or 0.09 per cent to finish at 17,397.50.