News for 'Indian Banks Association'

Reliance tells employees Swiss bank account is legal

Reliance tells employees Swiss bank account is legal

Rediff.com10 Feb 2015

Reliance has no illegal Swiss Bank accounts.

'Chanda Kochhar chapter is behind ICICI Bank'

'Chanda Kochhar chapter is behind ICICI Bank'

Rediff.com4 Oct 2018

'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'

NHRC team visits Sandeshkhali amid fresh protests

NHRC team visits Sandeshkhali amid fresh protests

Rediff.com23 Feb 2024

A team of National Human Rights Commission (NHRC) on Friday held on-spot inquiries in Sandeshkhali to ascertain facts about alleged sexual abuse by some Trinamool Congress leaders even as fresh agitation rocked the trouble-torn village, where locals torched the property of accused Trinamool leaders and held demonstrations against the delay in arresting the main accused, Shahjahan Sheikh.

India's services sector activity moderates in August

India's services sector activity moderates in August

Rediff.com5 Sep 2023

India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.

25-yr-old from Andhra among 3 killed in US bank shooting

25-yr-old from Andhra among 3 killed in US bank shooting

Rediff.com7 Sep 2018

Pruthviraj Kandepi, who hailed from Guntur district of Andhra Pradesh, was killed in the shootout.

Paytm bank rolls out the goodies on launch

Paytm bank rolls out the goodies on launch

Rediff.com23 May 2017

Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.

How outsourcing raises US banks' operational risks

How outsourcing raises US banks' operational risks

Rediff.com31 Oct 2013

Many Indian companies provide outsourcing services to various American entities, including large banks and financial institutions.

Why Rajan trashes bankers' call for CRR cut

Why Rajan trashes bankers' call for CRR cut

Rediff.com2 Jun 2015

Head of state-run Indian Bank T M Bhasin had called for a CRR cut.

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.

To become developed nation by 2047, India needs stronger army: Rajnath

To become developed nation by 2047, India needs stronger army: Rajnath

Rediff.com1 Oct 2023

Describing the DAD as the "guardian of defence finance", he emphasised the need to bolster the internal vigilance mechanism so that any suspicious activity can be detected and reviewed immediately.

Despite 250 crore plus in bank, Saurashtra sought IPL funds: COA

Despite 250 crore plus in bank, Saurashtra sought IPL funds: COA

Rediff.com22 Mar 2017

Not far behind is Himachal Pradesh Cricket Association (HPCA), who requested for funds to organise fourth India vs Australia Test, starting March 25, despite having Rs 65 crore plus in the association's bank account.

'BJP is not banking on Hindu voters'

'BJP is not banking on Hindu voters'

Rediff.com9 Mar 2021

'Whether the Hindu voter will vote for us or not, we can't say, can we?'

Combined revenue of listed Tata group's firms tops Rs 10 trillion

Combined revenue of listed Tata group's firms tops Rs 10 trillion

Rediff.com29 May 2023

Led by Tata Motors and Tata Consultancy Services (TCS), the combined revenue of the Tata group's listed firms crossed the Rs 10-trillion mark for the first time, in 2022-23. The group's 14 key listed companies in which Tata Sons holds a direct equity stake reported a combined revenue of Rs 10.07 trillion in FY23, up 15.3 per cent from Rs 8.73 trillion in FY22. The combined net profit of these companies was, however, down 10.6 per cent year-on-year (YoY) at Rs 66,670 crore in FY23, from a record high of Rs 74,540 crore in the previous financial year, when the profit had jumped 156 per cent YoY, aided by Tata Steel's strong showing.

India Inc pitches for rate cut; RBI may not oblige

India Inc pitches for rate cut; RBI may not oblige

Rediff.com7 Apr 2015

India Inc has pitched for rate cut to boost economic activities.

Want To Invest in Gold? Read This

Want To Invest in Gold? Read This

Rediff.com28 Oct 2023

'Gold prices thrive on volatility and more so when the stock markets trend downward.'

Arvind Subramanian on how to prevent bank scams

Arvind Subramanian on how to prevent bank scams

Rediff.com18 Feb 2018

CEA offers three compelling arguments in his case for privatisation of government-owned banks.

'Bandhan should not fall for corporate banking'

'Bandhan should not fall for corporate banking'

Rediff.com13 Jun 2016

Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Vivo PMLA case: Delhi court sends four accused to 3-day ED custody

Rediff.com10 Oct 2023

The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).

Banks pile pressure on Mallya over airline loans

Banks pile pressure on Mallya over airline loans

Rediff.com6 Sep 2014

Mallya, once known as the "King of Good Times" for his flamboyant lifestyle, has until Friday to appear before an IDBI committee to explain why he should not be declared a "wilful defaulter".

Firming food prices may prompt RBI to maintain status quo

Firming food prices may prompt RBI to maintain status quo

Rediff.com5 Apr 2015

The Reserve Bank is unlikely to lower the interest rates.

India to take on defaulters as parliament approves bankruptcy bill

India to take on defaulters as parliament approves bankruptcy bill

Rediff.com11 May 2016

The insolvency and bankruptcy code will strengthen the hands of lenders to recover outstanding debts by setting a deadline of 180 days for companies to pay or face liquidation

1,222 NGOs asked to validate bank accounts by Centre

1,222 NGOs asked to validate bank accounts by Centre

Rediff.com13 Sep 2017

In a circular, the ministry said all NGOs registered under the Foreign Contribution Regulation Act should receive foreign donations in a single designated bank account.

Not Filed Your ITR Yet?! Read This Now!

Not Filed Your ITR Yet?! Read This Now!

Rediff.com7 Aug 2023

Missing the deadline for filing Income Tax returns can lead to consequences.

'BJP Has 6,000 Crores To Spend On Elections'

'BJP Has 6,000 Crores To Spend On Elections'

Rediff.com19 Apr 2024

'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'

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.

What you MUST know before taking an education loan

What you MUST know before taking an education loan

Rediff.com22 Nov 2012

Cases of students defaulting on loan payments prompted Indian Bankers Association to review the educational loan scheme. We explore what this means for students.

Crypto currency investors hit hard by RBI diktat to banks

Crypto currency investors hit hard by RBI diktat to banks

Rediff.com7 Apr 2018

'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'

Court seeks US help in probe against Mallya

Court seeks US help in probe against Mallya

Rediff.com22 Sep 2020

The CBI recently approached the special court in Mumbai for issuance of LoR to conduct a probe to ascertain utilisation of funds received in the US-based bank accounts of Mallya and now defunct Kingfisher Airlines.

'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.

ASK AJIT: 'Suffering huge losses in stock market. Please help'

ASK AJIT: 'Suffering huge losses in stock market. Please help'

Rediff.com24 Dec 2021

Ajit Mishra, vice president, research, Religare Broking, answers your queries.

CBI books 7 in connection with alleged fixing, betting in IPL 2019

CBI books 7 in connection with alleged fixing, betting in IPL 2019

Rediff.com14 May 2022

The CBI has booked seven suspected punters in connection with two separate cases related to alleged fixing of matches in IPL 2019 "based on inputs" from Pakistan, officials said on Saturday.

RBI to examine proposal for limiting free ATM transactions

RBI to examine proposal for limiting free ATM transactions

Rediff.com12 Jan 2014

The Reserve Bank will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks' Association, in an effort to cut down on cash transactions in the economy.

After FPIs, domestic brokers' lobby voices concern over T+1 settlement

After FPIs, domestic brokers' lobby voices concern over T+1 settlement

Rediff.com11 Nov 2020

The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.

New technology adds zing to Indian Railways

New technology adds zing to Indian Railways

Rediff.com4 Mar 2020

Globally, London's Tube and French railway networks are already using this technology in their corrosion-prone areas.

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.

Andhra Bank to open branch in US

Andhra Bank to open branch in US

Rediff.com13 Aug 2005

Indian firms skip Auto Expo

Indian firms skip Auto Expo

Rediff.com27 Dec 2019

Hero MotoCorp, Honda Motorcycles, Scooters India, TVS, Honda India, Toyota Kirloskar Motor, Ford, Nissan, Ashok Leyland are all giving the Auto Expo a miss this time.

Corporate India has high hopes from Rajan in next policy

Corporate India has high hopes from Rajan in next policy

Rediff.com1 Jun 2015

Business houses expect rate cut in next RBI policy.

Curtains to come down on Microsoft XP from Apr 8

Curtains to come down on Microsoft XP from Apr 8

Rediff.com7 Apr 2014

Microsoft will stop technical support for its most popular operating system (OS) Windows XP globally from Tuesday, bringing down curtains on the software giant's longest running OS.

'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.'