News for 'Indian Banks'

FY28 Budget Work Starts Early

FY28 Budget Work Starts Early

Rediff.com5 Sep 2026

The Centre has spent 28 per cent of its FY27 capital expenditure budget of Rs 12.21 trillion in the first three months against around 24.5 per cent during the corresponding period a year ago.

How a tea break saved 5 friends in devastating Nepal floods

How a tea break saved 5 friends in devastating Nepal floods

Rediff.com30 Aug 2026

Five friends from Raipur, Chhattisgarh, narrowly escaped being swept away by flash floods in Nepal's Bhote Koshi and Trishuli river valleys thanks to an impromptu tea break. They endured two tense days on higher ground, witnessing devastation, before returning home safely, with a poignant Raksha Bandhan moment providing comfort.

'If Earnings Growth Returns, Capital Can Flow Back To India'

'If Earnings Growth Returns, Capital Can Flow Back To India'

Rediff.com25 Aug 2026

'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'

New 'boss' scam to dupe corporate employees busted

New 'boss' scam to dupe corporate employees busted

Rediff.com18 Aug 2026

Ahmedabad Cyber Crime Branch has uncovered a Rs 1.5 crore WhatsApp fraud, leading to the arrest of two key SIM and OTP suppliers in West Bengal. The investigation revealed a sophisticated international cybercrime network spanning China, Pakistan, India, and Hong Kong, operating a "boss scam" and utilizing a "Cybercrime as a Service" model. Police recovered a significant portion of the defrauded amount and secured thousands of devices.

Veteran Golfer Eleanor Givens Claims First LET Victory In Switzerland

Veteran Golfer Eleanor Givens Claims First LET Victory In Switzerland

Rediff.com16 Aug 2026

Indian golfer Pranavi Urs finished tied-38th at the VP Bank Swiss Ladies event, while England's Eleanor Givens secured her maiden Ladies European Tour title after 15 seasons and 210 starts, rallying from behind on the final day.

How 'Boss Scam' Cyber Fraud Targets Indian Companies

How 'Boss Scam' Cyber Fraud Targets Indian Companies

Rediff.com17 Jul 2026

India's markets regulator, Sebi, has issued a warning to listed companies and regulated entities about an emerging cyber fraud known as the "Boss Scam." This scam involves fraudsters impersonating senior officials like CEOs or MDs to trick finance teams into transferring funds, often using advanced AI tools or malicious software. Sebi advises organisations to verify requests independently and report incidents to prevent financial losses.

Automation nudges banks towards leaner workforce

Automation nudges banks towards leaner workforce

Rediff.com28 Apr 2026

Major Indian banks, including Axis Bank, HDFC Bank, and RBL Bank, have reported a decline in employee headcount in FY26, attributing the reductions to significant investments in technology and automation yielding productivity gains across operations.

Rs 1 Trillion Club Swells

Rs 1 Trillion Club Swells

Rediff.com2 Sep 2026

Newly listed companies Vedanta Aluminium Metal, SBI Funds Management and Manipal Health Enterprises have entered the Rs 1 trillion mcap list since March 2026.

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Outbound M&A by Indian firms robust despite West Asia tensions: HSBC's Sharma

Rediff.com10 Jul 2026

Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.

'How Can You Grow At 7% With These Rates Of Private Investment?'

'How Can You Grow At 7% With These Rates Of Private Investment?'

Rediff.com2 Sep 2026

'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'

Indian Equities Decline for Second Day, IT Sector Drags Market

Indian Equities Decline for Second Day, IT Sector Drags Market

Rediff.com30 Jun 2026

Indian benchmark stock indices, Sensex and Nifty, declined for a second consecutive day, primarily due to selling pressure in IT, oil & gas, and select banking shares. Concerns over the US-Iran negotiations and a sluggish monsoon further dampened market sentiment.

Tilak Varma, Ishan Kishan prepare for gruelling format switch ahead of Afghanistan series

Tilak Varma, Ishan Kishan prepare for gruelling format switch ahead of Afghanistan series

Rediff.com5 Sep 2026

Indian cricketers Tilak Varma and Ishan Kishan discuss the challenges of transitioning directly from the Duleep Trophy final to the T20I series against Afghanistan. Both players emphasise the importance of adaptability and professionalism in managing the demanding schedule and format changes, while also highlighting key player additions to their respective Duleep Trophy teams.

CIBIL Score Explained: Why It Matters

CIBIL Score Explained: Why It Matters

Rediff.com13 Aug 2026

For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.

Rayhan Thomas, Mahanth Chirravuri Make Strong Start At Korn Ferry Event

Rayhan Thomas, Mahanth Chirravuri Make Strong Start At Korn Ferry Event

Rediff.com21 Aug 2026

India's Rayhan Thomas and Indian-origin Mahanth Chirravuri delivered impressive opening rounds at the AdventHealth Championship, a key Korn Ferry Tour event. Thomas shot an 8-under 64, placing him fifth, while Chirravuri's 9-under 63 put him in fourth, both in strong contention.

Markets Snap Losing Streak, Sensex Jumps 628 Points

Markets Snap Losing Streak, Sensex Jumps 628 Points

Rediff.com20 Aug 2026

Indian benchmark equity indices, the Sensex and Nifty, bounced back significantly, with the Sensex climbing 628 points and the Nifty snapping its seven-day losing streak, driven by easing global bond yields and fresh foreign fund inflows.

RBI keeps key interest rate same amid inflation, global risks

RBI keeps key interest rate same amid inflation, global risks

Rediff.com5 Aug 2026

The Reserve Bank of India (RBI) has maintained its benchmark policy rate at 5.25 per cent for the fourth consecutive meeting, prioritising clarity on inflation trends, particularly concerning energy costs and geopolitical developments.

Life After Leak: When Your Data Gets Stolen

Life After Leak: When Your Data Gets Stolen

Rediff.com18 Aug 2026

A data breach does not end when the headlines fade. For victims, stolen personal information can fuel fraud, identity theft and financial losses for years.

'China didn't inform, Nepal toll could rise unbelievably'

'China didn't inform, Nepal toll could rise unbelievably'

Rediff.com27 Aug 2026

Nepal's former Forest and Environment Minister Madhav Prasad Chaulagain has expressed concern over the lack of timely information exchange with China ahead of the devastating floods, stating that the disaster's scale could lead to an 'unbelievable' rise in the death toll.

Stock Markets Today: Sensex, Nifty gain as RBI holds rates, crude oil dips

Stock Markets Today: Sensex, Nifty gain as RBI holds rates, crude oil dips

Rediff.com6 Aug 2026

Indian benchmark indices, Sensex and Nifty, saw early gains driven by lower crude oil prices and buying in Reliance Industries, even as the Reserve Bank of India maintained its benchmark policy rate for the fourth consecutive meeting, reinforcing confidence in the domestic economy.

Indian Markets Tumble as West Asia Tensions Drive Oil Prices Higher

Indian Markets Tumble as West Asia Tensions Drive Oil Prices Higher

Rediff.com14 Jul 2026

Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Rediff.com29 Aug 2026

IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Phiball: IIT Madras Reinvents Basketball With A Three-Team Circular Court

Rediff.com29 Aug 2026

IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.

RBI extends loan recovery norms implementation to 2027, eases some rules

RBI extends loan recovery norms implementation to 2027, eases some rules

Rediff.com7 Aug 2026

The Reserve Bank of India (RBI) has extended the implementation date for its revised loan recovery and agent engagement directions to January 1, 2027, from the previously proposed October 1, 2026, following stakeholder feedback.

Nearly 160 killed, over 750 missing in devastating Nepal flash floods

Nearly 160 killed, over 750 missing in devastating Nepal flash floods

Rediff.com27 Aug 2026

A massive flash flood originating in Tibet has devastated central Nepal, killing 17 people and leaving nearly 500 missing, including 105 Indians. The deluge, caused by a rock slide near the Nepal-Tibet border, swept through districts, washing away bridges and severely damaging at least a dozen hydropower projects.

India Inc's foreign borrowing intent surges to $6 billion in June

India Inc's foreign borrowing intent surges to $6 billion in June

Rediff.com7 Aug 2026

Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.

Indian Equities Rebound as Oil Prices Soften, Global Cues Turn Positive

Indian Equities Rebound as Oil Prices Soften, Global Cues Turn Positive

Rediff.com22 Jun 2026

Indian stock markets, including the Sensex and Nifty, rebounded significantly, driven by a decline in crude oil prices and positive global cues stemming from hopes of diplomatic progress in US-Iran negotiations.

Indian Stock Markets End Flat Amid West Asia Tensions, Rising Oil Prices

Indian Stock Markets End Flat Amid West Asia Tensions, Rising Oil Prices

Rediff.com13 Jul 2026

Indian benchmark indices Sensex and Nifty closed largely flat on Monday, recovering from early losses, as escalating tensions in West Asia and a sharp rally in crude oil prices weighed on investor sentiment, despite resilience in IT and consumer durables stocks.

TCS inks 1.25 billion Porsche deal, acquires German auto giant's IT unit MHP

TCS inks 1.25 billion Porsche deal, acquires German auto giant's IT unit MHP

Rediff.com25 Aug 2026

Tata Consultancy Services (TCS) has announced a five-year strategic deal with German automaker Porsche AG worth 1.25 billion (nearly 14,000 crore), which includes the acquisition of Porsche's wholly-owned subsidiary MHP Management- und IT-Beratung GmbH for 320 million (around 3,574 crore). This move is set to significantly expand TCS's consulting footprint in Germany and the broader European market, giving it access to MHP's customer base and specialised talent.

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

Rediff.com27 May 2026

HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.

Indian Equities Extend Gains as Crude Prices Ease, IT Stocks Surge

Indian Equities Extend Gains as Crude Prices Ease, IT Stocks Surge

Rediff.com2 Jul 2026

Indian stock market benchmark indices Sensex and Nifty closed nearly one per cent higher, extending their winning streak for a second day. This rally was driven by softening crude oil prices, positive geopolitical developments, and significant buying in blue-chip IT stocks, despite a broader global tech sell-off.

Sensex Climbs 374 Points on Heavyweight Buying, Nifty Ends Flat

Sensex Climbs 374 Points on Heavyweight Buying, Nifty Ends Flat

Rediff.com6 Aug 2026

Indian stock market indices closed on a mixed note, with the Sensex gaining 374 points driven by buying in Reliance Industries and ICICI Bank, while the Nifty remained flat. This divergence is attributed to a new Closing Auction Session (CAS) mechanism introduced by stock exchanges, impacting market liquidity and price discovery.

RBI approves Emirates NBD's 74% stake acquisition in RBL Bank

RBI approves Emirates NBD's 74% stake acquisition in RBL Bank

Rediff.com3 Apr 2026

The Reserve Bank of India (RBI) has granted approval for UAE-based Emirates NBD (ENBD) PJSC to acquire up to a 74 per cent stake in RBL Bank for $3 billion, marking the largest foreign investment ever in a domestic Indian bank.

How AI Weather Forecasts Are Transforming Farming In Telangana

How AI Weather Forecasts Are Transforming Farming In Telangana

Rediff.com9 Aug 2026

A World Bank report highlights how Artificial Intelligence-powered weather forecasts have enabled small farmers in Telangana, India, to save up to USD 560 by adapting their farming practices to specific risks. The report, "The Promise of Artificial Intelligence," advocates for developing countries to rapidly adopt small, low-cost AI tools to enhance productivity, improve government services, and avoid missing out on the AI revolution.

OTT Releases: Alpha, Bandar, I, Nobody

OTT Releases: Alpha, Bandar, I, Nobody

Rediff.com28 Aug 2026

Enjoy Alia-Sharvari's fighter fervour, back to back Bobby Deol and tons more on OTT this week.

Sensex tanks 493 points, Nifty falls for 6th day as crude oil jumps to $91/barrel

Sensex tanks 493 points, Nifty falls for 6th day as crude oil jumps to $91/barrel

Rediff.com18 Aug 2026

Indian benchmark indices, Sensex and Nifty, experienced significant declines, with the Sensex falling 493 points and the Nifty dropping for the sixth consecutive day, primarily due to elevated crude oil prices reaching USD 91 per barrel and diminishing hopes for a diplomatic resolution in West Asia.

Modi announces overhaul of civil defence in Independence Day address

Modi announces overhaul of civil defence in Independence Day address

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has announced plans to modernise India's civil defence volunteer force, stating that the existing system, designed for conventional wars, is inadequate against contemporary threats targeting critical infrastructure like refineries, banks, and data centres.

Sebi streamlines FPI onboarding, allows digitally signed Power of Attorney

Sebi streamlines FPI onboarding, allows digitally signed Power of Attorney

Rediff.com20 Aug 2026

India's capital markets regulator, Sebi, has simplified the onboarding process for foreign portfolio investors (FPIs) by permitting them to submit a digitally signed Power of Attorney (PoA) to their custodians, eliminating the need for notarisation or apostillisation.

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Payments Council Confirms UPI Will Remain Free For Consumers And Small Merchants

Rediff.com7 Aug 2026

The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.

Stock Markets Today: Sensex, Nifty Down on High Crude Prices

Stock Markets Today: Sensex, Nifty Down on High Crude Prices

Rediff.com12 Aug 2026

Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to a surge in Brent crude oil prices, which rose above USD 90 per barrel, coupled with subdued global cues and ongoing US-Iran skirmishes. Track Sensex, Nifty on Auigust 12.

Stock Markets Today: Sensex, Nifty Down Over US-Iran Impasse

Stock Markets Today: Sensex, Nifty Down Over US-Iran Impasse

Rediff.com14 Aug 2026

Indian benchmark indices, Sensex and Nifty, saw declines in early trade, with the ongoing US-Iran standoff cited as a major factor impacting investor sentiment and raising concerns about inflationary pressures and currency volatility for oil-importing nations like India. Track Sensex, Nifty on August 14, 2026.