News for 'Indian Banks Association'

'Hum Hindustani hai': Hizbul terrorist's brother hoists Tricolour in Kashmir

'Hum Hindustani hai': Hizbul terrorist's brother hoists Tricolour in Kashmir

Rediff.com14 Aug 2023

Javed Mattoo, an active terrorist who is said to be based in Pakistan.

Why has SBI's stock risen 127.46%?

Why has SBI's stock risen 127.46%?

Rediff.com16 Jun 2021

Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.

Citi credit card business losing steam in India

Citi credit card business losing steam in India

Rediff.com1 Apr 2022

At a time when banks are engaged in a fierce battle to gain market share in the credit card segment, Citibank India has been losing its share, both in terms of outstanding cards and spends in the last few years. Still, average spends on Citi cards are higher than any other Indian bank. Last year, the global banking behemoth announced exit from its consumer banking franchises in 13 markets across Europe, Middle East and Asia, including India, citing lack of scale.

Bad debts cloud outlook for India's private sector banks

Bad debts cloud outlook for India's private sector banks

Rediff.com18 Aug 2015

The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.

How To Invest In Gold, Silver?

How To Invest In Gold, Silver?

Rediff.com22 Dec 2023

Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.

India-US joint statement puts trade at heart of enhanced ties

India-US joint statement puts trade at heart of enhanced ties

Rediff.com23 Jun 2023

India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.

Sentiment turns stronger for steel stocks

Sentiment turns stronger for steel stocks

Rediff.com9 Sep 2023

Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.

Why not a 'Bad Bank'?

Why not a 'Bad Bank'?

Rediff.com23 Mar 2017

'Let's walk on two legs: Facilitate better resolution under the present system and set up PARA as well by transferring loans amounting to, say, Rs 1 lakh crore.'

Election funding is a complicated issue, observes SC bench in poll bonds hearing

Election funding is a complicated issue, observes SC bench in poll bonds hearing

Rediff.com31 Oct 2023

The "opaque" electoral bonds scheme for funding political parties will "destroy democracy" as it promotes corruption and does not allow a level playing field between the ruling and opposition parties, the petitioners challenging the validity of the scheme told the Supreme Court, which on Tuesday observed election funding was a "complicated issue".

Bank credit growth falls below 10% after 5 years

Bank credit growth falls below 10% after 5 years

Rediff.com18 Sep 2014

For the fortnight ended September 5, annual credit growth in the banking system fell to 9.68 per cent, data released by the Reserve Bank of India showed.

Gold May Touch Rs 62,000 In 2023

Gold May Touch Rs 62,000 In 2023

Rediff.com10 Jan 2023

In 2022, gold emerged as the top performer among all conventional asset classes with over 14 per cent returns mainly owing to the depreciation of the rupee.

'Can government play with people's money?'

'Can government play with people's money?'

Rediff.com2 Apr 2020

'...Rs 137 lakh crores of people's money?' 'It is not the government's money, it is people's money.'

'Destroy Sanatan Dharma': Udhayanidhi Stalin sparks major political row

'Destroy Sanatan Dharma': Udhayanidhi Stalin sparks major political row

Rediff.com4 Sep 2023

Alleging that Sanatana Dharma is against equality and social justice, Dravida Munnetra Kazhagam youth wing secretary and Tamil Nadu Youth Welfare Minister Udhayanidhi Stalin has said it should be eradicated.

Mayawati's Now Or Never Moment

Mayawati's Now Or Never Moment

Rediff.com9 Oct 2023

'Unless she joins one of the coalitions, she has a bleak future.' 'The NDA option is suicidal, but INDIA could help her.'

Neeraj to spearhead 22-member Indian team at World Athletics

Neeraj to spearhead 22-member Indian team at World Athletics

Rediff.com1 Jul 2022

Jeswin Aldrin, who had already qualified for the championships, however missed the cut.

FPIs pumped Rs 12,266 cr into Indian markets in 5 days

FPIs pumped Rs 12,266 cr into Indian markets in 5 days

Rediff.com7 Feb 2021

Foreign portfolio investors (FPIs) remained net buyers to the tune of Rs 12,266 crore in the Indian market in the first five trading sessions of February, as positive sentiment post-Union Budget 2021 sparked a rally in investment.

So much for Modi's dream of 'cashless Bharat'

So much for Modi's dream of 'cashless Bharat'

Rediff.com8 Nov 2017

While Bihar and J&K have the least proportion of bank account holders using debit cards at PoS machines, Telangana's record is the highest.

Getting Married? Plan Finances First!

Getting Married? Plan Finances First!

Rediff.com23 Oct 2023

For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.

Why RBI officers are peeved with the central bank

Why RBI officers are peeved with the central bank

Rediff.com29 Nov 2019

RBI's oversight cadre move creates HR trouble, officers threaten agitation.

Two-day all India strike from Monday may hit essential services

Two-day all India strike from Monday may hit essential services

Rediff.com27 Mar 2022

The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.

Now, even Indian lawyers bank on Artificial Intelligence

Now, even Indian lawyers bank on Artificial Intelligence

Rediff.com21 Mar 2017

With the demand for lower costs in process driven activities and a move away from the high rate, billable hours of legal services, AI platforms are being used internationally in many legal tasks.

Why RBI needs to relook at the basic business of banking

Why RBI needs to relook at the basic business of banking

Rediff.com29 Oct 2015

PS banks need to pull up their socks to improve cash flows.

Honest bankers don't need to fear the '3 Cs': Sitharaman

Honest bankers don't need to fear the '3 Cs': Sitharaman

Rediff.com28 Dec 2019

Sitharaman also directed public sector bank heads to clear long pending vigilance cases against their officials for alleged malpractices.

RBI wants to reform home loans, make the process transparent

RBI wants to reform home loans, make the process transparent

Rediff.com11 Apr 2014

A Reserve Bank panel has suggested a benchmark floating interest rate, especially or home loans, to bring greater transparency in the pricing of credit.

SBI to invest up to Rs 10,000 cr in Yes Bank

SBI to invest up to Rs 10,000 cr in Yes Bank

Rediff.com8 Mar 2020

Assuming the private bank issues 20 billion shares at Rs 10 apiece (with face value of Rs 2 each), the total capital raise will be Rs 20,000 crore. And for the 49 per cent stake, SBI will need to put in about Rs 10,000 crore.

Will Modi's big ticket reforms help the banking sector?

Will Modi's big ticket reforms help the banking sector?

Rediff.com29 May 2018

Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.

Pune's MCA stadium 'taken over' by banks over non-payment of loan

Pune's MCA stadium 'taken over' by banks over non-payment of loan

Rediff.com6 Nov 2018

MCA blamed its financial troubles on non-receipt of payments from the Board of Control for Cricket in India for the last 10 months.

India's services sector growth eases to 3-month low in June

India's services sector growth eases to 3-month low in June

Rediff.com5 Jul 2023

India's services sector growth eased to a three-month low in June but service providers continued to signal positive demand trends, which resulted in a stronger increase in new business volumes and further job creation, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 61.2 in May to 58.5 in June. Despite falling from May, the latest figure was consistent with a sharp pace of growth.

Haryana woman who harboured Amritpal, aide nabbed

Haryana woman who harboured Amritpal, aide nabbed

Rediff.com23 Mar 2023

Haryana Police have arrested a woman who allegedly harboured Amritpal Singh and his associate Papalpreet Singh at her home in Kurukshetra district, an indication that the pro-Khalistan preacher might have fled Punjab.

Congress promises nationwide caste census, women's quota asap if voted to power

Congress promises nationwide caste census, women's quota asap if voted to power

Rediff.com9 Oct 2023

The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community.

The famous five taking on shady Chinese lending apps

The famous five taking on shady Chinese lending apps

Rediff.com27 Oct 2020

A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.

With BJP Joining In, Is 'Revdi Culture' here to stay?

With BJP Joining In, Is 'Revdi Culture' here to stay?

Rediff.com15 Nov 2023

Modi's BJP has promised more revdis or freebies for these assembly elections than ever before, points out N Sathiya Moorthy.

Banks may increase fixed deposit rates

Banks may increase fixed deposit rates

Rediff.com30 Oct 2013

Banks might hold on to lending rates for the time being.

GOOD NEWS! Home, car loan EMIs to go down

GOOD NEWS! Home, car loan EMIs to go down

Rediff.com5 Mar 2015

RBI might further cut rates by 50-75 basis points later.

'Avoid Pausing SIPs'

'Avoid Pausing SIPs'

Rediff.com5 Apr 2023

'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'

Black Money trail: When is a foreign bank account illegal?

Black Money trail: When is a foreign bank account illegal?

Rediff.com28 Oct 2014

If the account in a foreign bank has income undisclosed to income tax authorities, or has funds from illegal sources, the account can be declared illegal, under the Fema.

Banks recall over 32 lakh debit cards; govt seeks details

Banks recall over 32 lakh debit cards; govt seeks details

Rediff.com20 Oct 2016

The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank

The Common Man Who Became A Star

The Common Man Who Became A Star

Rediff.com12 Jun 2023

'A lot of actors auditioned for Wagle Ki Duniya, but R K Laxman rejected them all.' 'He was the decision-maker, as the serial was based on his Common Man.' 'He wanted a natural, who looked like a common man.'

How PSBs plan to restructure loans of up to Rs 25 cr

How PSBs plan to restructure loans of up to Rs 25 cr

Rediff.com31 May 2021

Public sector banks, including the country's largest lender State Bank of India (SBI), have come out with a templated approach for restructuring retail and small business loans of up to Rs 25 crore under the Reserve Bank of India's (RBI) Covid restructuring package 2.0. They have also come out with standardised products to make funds available to business entities for improving healthcare infrastructure and to individuals for meeting Covid treatment expenses. Business loans have been divided into three categories.

Factors that will drive markets this week

Factors that will drive markets this week

Rediff.com5 Mar 2023

Equity markets would be mainly driven by global trends and foreign fund trading activity in the holiday-shortened week, analysts said. The BSE and the National Stock Exchange have listed March 7 (Tuesday) as a holiday on account of Holi. However, stock brokers' association ANMI has urged the government, exchanges and Sebi to shift the holiday to March 8 from March 7.