News for 'Indian Bank's Association'

Amidst turmoil, Manipur nurses cricket dreams

Amidst turmoil, Manipur nurses cricket dreams

Rediff.com29 Jun 2023

Usually, taking two wickets against a strong North Zone would leave any 17-year-old bowler with a wide smile. But Jotin Singh's smile had a tinge of nervousness.

Father of Delhi excise 'scam' accused caught on 'sting tape'

Father of Delhi excise 'scam' accused caught on 'sting tape'

Rediff.com5 Sep 2022

The statement of Sunny Marwah, an accused in the Delhi excise policy case, has been recorded and he has given important information about the modus operandi of those named in the first information report (FIR) in connection with the liquor 'scam', Central Bureau of Investigation (CBI) officials said on Monday.

3 Indians charged in insider trading ring spanning three countries

3 Indians charged in insider trading ring spanning three countries

Rediff.com7 Dec 2018

Between December 2013 and August 2016, Gannamaneni abused his position as a senior software consultant at the investment bank and accessed sensitive, highly-confidential information concerning at least 40 mergers, acquisitions, tender offers

Bharat bandh likely to hit transport, bank services on Wednesday

Bharat bandh likely to hit transport, bank services on Wednesday

Rediff.com1 Sep 2015

Ten trade unions to go on strike to protest against changes in labour laws

Explained: The 3-month loan moratorium

Explained: The 3-month loan moratorium

Rediff.com14 Apr 2020

'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.

'15% surcharge on total income of Rs 50 lakh is wrong'

'15% surcharge on total income of Rs 50 lakh is wrong'

Rediff.com17 Jan 2023

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

FPIs dump shares with record net outflow of Rs 1.2 lakh cr in 2022

FPIs dump shares with record net outflow of Rs 1.2 lakh cr in 2022

Rediff.com28 Dec 2022

After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.

Congress manifesto to focus on jobs, farm and banking reforms

Congress manifesto to focus on jobs, farm and banking reforms

Rediff.com13 Mar 2019

The party's research department team, which Rajya Sabha member M V Rajeev Gowda heads, has sifted through the suggestions received in the last five months, and the manifesto is slated to be released later this month, reports Archis Mohan.

FPI concerns remain as shift to T+1 settlement cycle nears: Analysts

FPI concerns remain as shift to T+1 settlement cycle nears: Analysts

Rediff.com31 May 2022

Overseas investors, as well as other key stakeholders, such as brokers, custodians, and clearing corporations, are yet to iron out critical issues, even as the shift towards a shorter trade settlement cycle approaches new phases. Several industry players said foreign portfolio investors (FPIs) are still facing impediments over the trade confirmation timelines, foreign exchange (forex) bookings, and pre-funding requirements. This could potentially act as a roadblock when it comes to moving entirely to the new T+1 settlement cycle from next year.

Arundhati Bhattacharya to become State Bank of India MD

Arundhati Bhattacharya to become State Bank of India MD

Rediff.com10 Jul 2013

Arundhati Bhattacharya is a strong contender for chairperson post, after Pratip Chaudhuri retires in September.

NRIs: Pop Nationalism To Identity Supremacy

NRIs: Pop Nationalism To Identity Supremacy

Rediff.com21 Oct 2023

Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.

Foreign clients move Rs 25-trillion away from Swiss banks

Foreign clients move Rs 25-trillion away from Swiss banks

Rediff.com31 Aug 2014

While there are no specific data for money that could be of Indians, this includes outflows to the tune of 100 billion Swiss francs that are related to fine payments in the context of declaration of untaxed money, as per a new study by PwC.

DC has tough task at hand sans X-factor Pant

DC has tough task at hand sans X-factor Pant

Rediff.com25 Mar 2023

The 'Impact Player' rule will be used differently by different outfits but truth be told, DC do not have enough players with X-factor in its ranks.

Fund managers expect the market to tread sideways in the next few months

Fund managers expect the market to tread sideways in the next few months

Rediff.com23 Mar 2023

Mutual funds' average cash holdings in equity schemes topped 6 per cent in February as fund managers went slow on deployment of new inflows on expectations of better buying opportunities amid uncertainties in the market.

'The women loved Elaben'

'The women loved Elaben'

Rediff.com4 Nov 2022

'Who would think of making a bank of poor women? She had vision and boldness.'

Many ATMs yet to be upgraded, face security risk

Many ATMs yet to be upgraded, face security risk

Rediff.com24 Mar 2014

As Microsoft ends support for its Windows XP next month, the software giant said a number of ATMs are yet to upgraded and such cash vending machine may face security risk.

Why liquidity will remain constrained till March-end

Why liquidity will remain constrained till March-end

Rediff.com18 Feb 2019

Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.

'It was not just an operation against NewsClick'

'It was not just an operation against NewsClick'

Rediff.com10 Oct 2023

The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.

India Inc making workplace more inclusive for persons with disabilities

India Inc making workplace more inclusive for persons with disabilities

Rediff.com4 Dec 2023

As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.

W-O-N-D-E-R-F-U-L Music

W-O-N-D-E-R-F-U-L Music

Rediff.com19 May 2022

Fantastical musical moments from the International Jazz Day concert in Mumbai.

2-day nationwide trade union strike from March 28

2-day nationwide trade union strike from March 28

Rediff.com23 Mar 2022

A joint forum of central trade unions has given a call for a nationwide strike on March 28 and 29, to protest against government policies affecting workers, farmers, and people. The Joint Platform of central trade unions held a meeting in Delhi on March 22, 2022, to take stock of the preparations in various states and sectors for the proposed two-day all India strike on 28-29 March 2022 against "the anti-worker, anti-farmer, anti-people and anti-national policies" of the central government, a statement said. The statement said that roadways, transport workers and electricity workers have decided to join the strike in spite of the impending threat of ESMA (Haryana and Chandigarh, respectively). Financial sectors, including banking and insurance, are joining the strike, it stated.

Services activity hits 11-year high in June

Services activity hits 11-year high in June

Rediff.com5 Jul 2022

India's services sector activities touched the highest mark since April 2011 amid ongoing improvements in demand conditions, even as cost pressures in the service economy remained stubbornly high, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 58.9 in May to 59.2 in June -- its highest mark since April 2011. For the eleventh straight month, the services sector witnessed an expansion in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.

Banks have no right over info on overseas assets: Mallya

Banks have no right over info on overseas assets: Mallya

Rediff.com21 Apr 2016

Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.

PFI, 8 other outfits banned under UAPA for 5 years for terror links

PFI, 8 other outfits banned under UAPA for 5 years for terror links

Rediff.com28 Sep 2022

The Centre has imposed a ban on the Popular Front of India (PFI) and several of its associates for their alleged terror activities.

PIX: India celebrates Festival of Lights

PIX: India celebrates Festival of Lights

Rediff.com12 Nov 2023

Despite the national capital recording its best air quality on Diwali day in eight years, pollution levels may rise due to low night temperatures and sporadic burning of firecrackers though there is a ban on their manufacture, storage, sale and use within the city.

US court rejects Nirav Modi's plea against fraud charges

US court rejects Nirav Modi's plea against fraud charges

Rediff.com19 Oct 2021

In a major blow to Nirav Modi, a bankruptcy court in the US has rejected a petition of the fugitive diamond merchant and two of his associates, seeking dismissal of fraud allegations against them by the trustee of three companies they previously owned indirectly.

Battered by three decades of controversy, TMB looks back to the future

Battered by three decades of controversy, TMB looks back to the future

Rediff.com28 Jul 2022

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster.

'What's the tax implication of interest earned on 5-yr NSC income?'

'What's the tax implication of interest earned on 5-yr NSC income?'

Rediff.com18 Oct 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

No immersion of medals; wrestlers return from Haridwar

No immersion of medals; wrestlers return from Haridwar

Rediff.com30 May 2023

The protesting wrestlers refrained from immersing their medals in the river Ganges after being convinced by Khap and farmer leaders who sought five days to address their grievances.

India still eyes World Bank loans

India still eyes World Bank loans

Rediff.com19 Aug 2013

Diplomatic channels activated to keep India eligible for soft loans from World Bank affiliate, though rules show it's probably time we made way for the needier others.

Sell assets of guarantors if firms don't repay: Govt to banks

Sell assets of guarantors if firms don't repay: Govt to banks

Rediff.com18 Mar 2016

The ministry further told banks that "it would be prudent to take steps against guarantors immediately when no sign of revival is visible".

Govt must protect central bank's independence: Rajan

Govt must protect central bank's independence: Rajan

Rediff.com26 Jul 2016

Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.

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.

Private banks at high risk of losing customers: IBM study

Private banks at high risk of losing customers: IBM study

Rediff.com13 Mar 2014

Conducted by research firm IDC, the study titled 'Understanding the Indian Retail Banking Customer' says push marketing is fast becoming obsolete and the thrust should be on creating brand advocates.

SBI is the most trusted bank but needs to shift gears for Gen-X

SBI is the most trusted bank but needs to shift gears for Gen-X

Rediff.com29 Dec 2014

SBI had a tough journey in the last 40 years.

'Not counting caste is as political an act as counting it'

'Not counting caste is as political an act as counting it'

Rediff.com31 Oct 2023

'The upper caste elite's belief that they are casteless is a belief that is available only to the upper castes. Because all the lower castes are reminded by society every day what their caste is.'

US court sentences Indian to 3 years in jail for call centre fraud

US court sentences Indian to 3 years in jail for call centre fraud

Rediff.com18 Mar 2021

An Indian national from Gurgaon has been sentenced to three years in federal imprisonment on charges of call centre fraud that intended to cheat Americans of millions of dollars, a US attorney said.

When President Wanted To Get Rid Of Rajiv Gandhi

When President Wanted To Get Rid Of Rajiv Gandhi

Rediff.com26 Jul 2023

Gianiji had crafted his moves with the meticulous planning of a chess grandmaster. He did not know whether a checkmate was feasible, as his time was running out, but he wanted Rajiv Gandhi to smell the fear of loss. A fascinating excerpt from K C Singh's The Indian President: An Insider's Account of the Zail Singh Years.

Ghosi bypoll in UP to see first INDIA vs BJP clash

Ghosi bypoll in UP to see first INDIA vs BJP clash

Rediff.com3 Sep 2023

The Congress and the Left parties have not only extended support to the Samajwadi Party candidate but are also campaigning for him, in accordance with the spirit of the new opposition togetherness ahead of next year's general election.