News for 'New Bank of India'

Samvat 2082: Investors likely to see up to 15% returns from equities

Samvat 2082: Investors likely to see up to 15% returns from equities

Rediff.com5 Nov 2025

After a year of modest returns, equity investors may anticipate gains of 10-15 per cent in Samvat 2082, which began on October 21. Although valuations have moderated from their peaks a year earlier, they remain above long-term averages, potentially limiting sharp upsides.

Extreme poverty in India falls by over 21%: World Bank

Extreme poverty in India falls by over 21%: World Bank

Rediff.com7 Jun 2025

India's extreme poverty rate declined sharply to 5.3 per cent over a decade from 27.1 per cent in 2011-12 even as the World Bank revised upwards its threshold poverty line to $3 per day.

Bajaj Finance expects AUM from MSME business to grow 10-12% in FY26

Bajaj Finance expects AUM from MSME business to grow 10-12% in FY26

Rediff.com12 Nov 2025

Bajaj Finance's shares fell more than 7 per cent on Tuesday after it trimmed growth guidance for FY26, from 24-25 per cent projected earlier to 22-23 per cent.

Bihar doesn't want 'katta sarkar': Modi repeats jibe

Bihar doesn't want 'katta sarkar': Modi repeats jibe

Rediff.com8 Nov 2025

Prime Minister Narendra Modi on Saturday claimed that people were not voting for the Rashtriya Janata Dal-helmed opposition in Bihar as they fear that if voted to power, its regime will 'put katta to their heads and order them to hold their hands up'.

Women's WC: South Africa banking on top-order to fire vs England

Women's WC: South Africa banking on top-order to fire vs England

Rediff.com2 Oct 2025

South Africa will be eager to turn consistent recent form into a title-winning run when they open their women's ODI World Cup campaign against traditional powerhouses England in Guwahati on Friday.

'Whenever Seat Arithmetic Permits, BJP Will Want Its Own Chief Minister'

'Whenever Seat Arithmetic Permits, BJP Will Want Its Own Chief Minister'

Rediff.com25 Nov 2025

'Removing Nitish Kumar prematurely risks unsettling both the alliance balance and parts of the social coalition that delivered this victory.'

Anil Ambani appears before ED in bank loan 'fraud' case

Anil Ambani appears before ED in bank loan 'fraud' case

Rediff.com5 Aug 2025

Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.

Prashant Kishor's party's breaks silence over Bihar debacle

Prashant Kishor's party's breaks silence over Bihar debacle

Rediff.com15 Nov 2025

Former poll strategist Prashant Kishor's Jan Suraaj expressed disappointment over its poll debacle in the Bihar assembly elections, attributing the NDA's victory to cash transfers to women.

Missed Investing In Gold? Read This

Missed Investing In Gold? Read This

Rediff.com24 Oct 2025

New investors should not allow themselves to fall prey to FOMO and rush headlong into gold.

Sensex jumps 336 points on buying in services, telecom shares

Sensex jumps 336 points on buying in services, telecom shares

Rediff.com11 Nov 2025

Among the Sensex firms, Bharat Electronics Ltd, Mahindra & Mahindra, Adani Ports, HCL Technologies, Eternal, Infosys, Bharti Airtel, Sun Pharmaceuticals, Larsen & Toubro, Hindustan Unilever and UltraTech Cement were the gainers. Bajaj Finance, Tata Motors Passenger Vehicles, Kotak Mahindra Bank, PowerGrid and Tata Steel were among the laggards.

Renting A Bank Locker? Read This

Renting A Bank Locker? Read This

Rediff.com9 Jul 2025

Customers must sign the agreement promptly to avoid disruptions. They should read it thoroughly and understand their rights and obligations.

'Kerala Has Done Very Well In Eradicating Poverty'

'Kerala Has Done Very Well In Eradicating Poverty'

Rediff.com26 Nov 2025

'Poverty eradication is a continuous process. There is no full stop to it.'

How Your Grievances Can Be Fixed!

How Your Grievances Can Be Fixed!

Rediff.com14 Oct 2025

CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.

'IOB Bets Big On M&A Financing'

'IOB Bets Big On M&A Financing'

Rediff.com3 Nov 2025

'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'

Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans

Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans

Rediff.com21 Aug 2025

Commercial banks in India reported 26 per cent year-on-year (Y-o-Y) growth in slippages at Rs 63,000 crore during the first quarter ended June 2025 (Q1FY26). This was predominantly due to stress in microfinance and unsecured retail portfolios of select lenders.

Sporadic violence in Bangladesh ahead of Hasina verdict

Sporadic violence in Bangladesh ahead of Hasina verdict

Rediff.com17 Nov 2025

Sporadic violence erupts across Bangladesh as the nation awaits a special tribunal verdict against former Prime Minister Sheikh Hasina in a case of alleged crimes against humanity. Security is heightened, and authorities are on high alert.

Forex kitty drops to $698 bn; value of gold...crosses $100 bn

Forex kitty drops to $698 bn; value of gold...crosses $100 bn

Rediff.com18 Oct 2025

India's forex reserves dropped by $2.18 billion to $697.79 billion during the week ended October 10, according to the Reserve Bank data released on Friday. In the previous reporting week, the overall kitty had decreased by $276 million to $699.96 billion.

Govt cannot restrain retail investors from trading in F&O: FM

Govt cannot restrain retail investors from trading in F&O: FM

Rediff.com6 Nov 2025

Finance Minister Nirmala Sitharaman on Thursday said the government cannot restrain retailers from trading in Futures and Options (F&O) but will definitely create awareness regarding the risks involved in putting money in such instruments.

'We Have To Blame Ourselves, Not Macaulay'

'We Have To Blame Ourselves, Not Macaulay'

Rediff.com27 Nov 2025

'We kept importing educational models from outside that had no connection to our cultural and intellectual strengths.'

NDA Tsunami Sweeps Away Mahagathbandhan In Bihar

NDA Tsunami Sweeps Away Mahagathbandhan In Bihar

Rediff.com15 Nov 2025

The National Democratic Alliance was set to sweep the Bihar assembly polls, surging ahead in over 200 of 243 seats on Friday with the Bharatiya Janata Party emerging as single largest party with about 90 per cent strike rate, reaffirming the popularity and campaign clout of Prime Minister Narendra Modi, who was the face of the ruling alliance through the poll battle in the highly sensitive political state.

Bank of Baroda, HDFC Bank reduce lending rates

Bank of Baroda, HDFC Bank reduce lending rates

Rediff.com8 Jun 2025

State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark.

How To Apply For The SBI Bank Clerk Exam

How To Apply For The SBI Bank Clerk Exam

Rediff.com7 Aug 2025

The last date to submit your application for the SBI Bank Clerk Examination for Junior Associates is August 26.

Bumrah Vs Rabada: Battle Of Fire At Eden!

Bumrah Vs Rabada: Battle Of Fire At Eden!

Rediff.com14 Nov 2025

The series promises a fascinating duel between the two modern-day pace greats.

Aadhaar-Based Face Authentication Soon For Big Online Transfers

Aadhaar-Based Face Authentication Soon For Big Online Transfers

Rediff.com16 Oct 2025

While UIDAI has given a nod for face authentication, banks need to join the process.

India not pushing for an alternative to US dollar

India not pushing for an alternative to US dollar

Rediff.com10 Sep 2025

Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. "No, certainly not. I think India is not part of any such initiative," he said in response to a question if India is looking at an alternative currency to the US dollar for global trade.

Do RERA Check Before You Buy A Home

Do RERA Check Before You Buy A Home

Rediff.com19 Nov 2025

Before booking a flat, buyers should confirm that the project is registered with the state's Rera portal.

Fraud Spike: SBI Bears the Brunt

Fraud Spike: SBI Bears the Brunt

Rediff.com14 Oct 2025

Card and Internet banking frauds formed 56.5% of all cases in FY25.

'From March 2026, India Should Resume Long-Term Uptrend'

'From March 2026, India Should Resume Long-Term Uptrend'

Rediff.com29 Sep 2025

'Indian markets may underperform global peers for the next two quarters.' 'But beyond that, India should catch up and resume its long-term growth path.'

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Axis Bank Q1 net profit down 4% on rise in slippages, provisions

Rediff.com18 Jul 2025

In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.

12 states to spend Rs 1.68L cr on women's cash schemes

12 states to spend Rs 1.68L cr on women's cash schemes

Rediff.com5 Nov 2025

A new report indicates that increasing unconditional cash transfer schemes for women across 12 Indian states are impacting their fiscal health, with six states projecting revenue deficits.

No targeted price level for rupee vs dollar, says RBI

No targeted price level for rupee vs dollar, says RBI

Rediff.com17 Oct 2025

The Reserve Bank of India (RBI) does not target any price level on the rupee, Governor Sanjay Malhotra reiterated at an International Monetary Fund and World Bank event on Wednesday.

PSU banks write off loans over Rs 5.82 lakh cr in last 5 years

PSU banks write off loans over Rs 5.82 lakh cr in last 5 years

Rediff.com12 Aug 2025

Public sector banks (PSBs) have written off bad loans of about Rs 5.82 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2024-25, the loan write-off of PSBs was at Rs 91,260 crore, compared to Rs 1.15 lakh crore in the previous fiscal, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.

Bihar's voter turnout nearly 69%; women outvoted men in both phases

Bihar's voter turnout nearly 69%; women outvoted men in both phases

Rediff.com12 Nov 2025

An ECI statement issued from New Delhi put the voter turnout at 68.76 per cent. The female turnout (74.03 per cent) was significantly higher, compared with males (64.1 per cent).

Jujitsu champ Rohini Kalam found dead at home

Jujitsu champ Rohini Kalam found dead at home

Rediff.com27 Oct 2025

According to Roshni's statement to investigators, Rohini, who worked as a martial arts coach at a private school in Ashta, had been under work-related stress.

Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project

Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project

Rediff.com7 Nov 2025

Adani Enterprises' subsidiary Kutch Copper (KCL) and Australian Securities Exchange-listed Caravel Minerals on Thursday signed a non-binding memorandum of understanding (MoU) for collaboration on the Caravel Copper Project in Western Australia's Murchison region, for an undisclosed amount, according to a joint statement.

'Rahul Can't Play Victim All The Time'

'Rahul Can't Play Victim All The Time'

Rediff.com17 Nov 2025

'Rahul Gandhi's problem is that he doesn't think big.' 'He looks more like an activist, while politics is like a game of chess. You attack and then defend and have a game-plan.'

'Don't Consider Gold, Silver As Asset Classes'

'Don't Consider Gold, Silver As Asset Classes'

Rediff.com11 Nov 2025

'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'

Will Tata Sons Get RBI Relief?

Will Tata Sons Get RBI Relief?

Rediff.com24 Oct 2025

Tata Sons, now debt-free, has asked the RBI to drop its 'upper-layer NBFC' tag and allow it to stay private.

Record 69% turnout in Bihar's final phase, women voters lead

Record 69% turnout in Bihar's final phase, women voters lead

Rediff.com12 Nov 2025

Bihar recorded its highest-ever voter turnout of 67.14 per cent in the second and final phase of the assembly elections. The election is seen as a referendum on Chief Minister Nitish Kumar. Kishanganj recorded the highest polling percentage at 76.26.

Sensex pares gains on profit-booking; ends up 130 pts

Sensex pares gains on profit-booking; ends up 130 pts

Rediff.com23 Oct 2025

From the Sensex firms, Infosys climbed 3.86 per cent. HCL Tech, Tata Consultancy Services, Axis Bank, Kotak Mahindra Bank, Titan and Tech Mahindra were also among the gainers. However, Eternal, UltraTech Cement, Bharti Airtel and Adani Ports were among the laggards.