News for 'Payments Bank'

'Government Is The Source Of Our Data Leakages'

'Government Is The Source Of Our Data Leakages'

Rediff.com4 Dec 2025

'Instead of the government and telecom operators solving the mess of their own creation, they're telling us we need to give access to our phones perpetually.'

'Insurance Sector Is At An Unstable Equilibrium'

'Insurance Sector Is At An Unstable Equilibrium'

Rediff.com3 Nov 2025

'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'

How insurers stand to gain from GST rate cut

How insurers stand to gain from GST rate cut

Rediff.com4 Dec 2025

The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at the Business Standard BFSI Insight Summit 2025.

Vodafone Idea net loss narrows to Rs 5,524 crore in Q2

Vodafone Idea net loss narrows to Rs 5,524 crore in Q2

Rediff.com11 Nov 2025

Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss narrowed to Rs 5,524 crore in the second quarter ended September compared to the year-ago period, mainly on account of savings in finance cost on debt from banks and an increase in average revenue per user supported by a tariff hike.

'Rising loan appeal hits corporate bond market's momentum'

'Rising loan appeal hits corporate bond market's momentum'

Rediff.com30 Oct 2025

India's corporate bond market, driven by public sector undertaking (PSU) banks and financial institutions last year, is losing momentum since the second quarter of FY26.

Is Bank Demanding Payment Of Dues?

Is Bank Demanding Payment Of Dues?

Rediff.com14 Jun 2024

'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'

UPI Boom Drives Down Cash Demand

UPI Boom Drives Down Cash Demand

Rediff.com25 Sep 2025

UPI crossed 20 billion monthly transactions for the first time in August 2025, with a transaction value of Rs 24.85 trillion.

Delhiites lose nearly Rs 1,000 cr to cyber fraud this year

Delhiites lose nearly Rs 1,000 cr to cyber fraud this year

Rediff.com17 Oct 2025

Cyber fraudsters have duped Delhi residents of nearly Rs 1,000 crore so far this year, with investment scams, digital arrests and boss scams emerging as the most common cybercrimes.

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Rediff.com8 Oct 2025

Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.

'On Track For GDP Growth Exceeding 6.8%'

'On Track For GDP Growth Exceeding 6.8%'

Rediff.com3 Nov 2025

'I will not be surprised if there is a 7 per cent handle in front of the decimal place for the full financial year.'

Digital payments rise 11% at Sep-end 2024: RBI data

Digital payments rise 11% at Sep-end 2024: RBI data

Rediff.com29 Jan 2025

Digital payments across the country registered an 11.11 per cent year-on-year rise as on September 2024, according to RBI's index that measures the adoption of online transactions. RBI's Digital Payments Index (RBI-DPI) for September 2024 stands at 465.33 as against 445.5 for March 2024, the Reserve Bank said in a statement on Wednesday.

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.

Antwerp court clears fugitive jeweller Mehul Choksi's extradition

Antwerp court clears fugitive jeweller Mehul Choksi's extradition

Rediff.com18 Oct 2025

A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said.

Will festive season bring cheers to India's housing sector after 3 weak quarters?

Will festive season bring cheers to India's housing sector after 3 weak quarters?

Rediff.com13 Oct 2025

After three straight quarters of decline, India's housing market is pinning hopes on the ongoing festival season to revive sales momentum. While 2025 may still end with sales volumes below 2024 levels, developers believe the seasonally strong October-December quarter could narrow the gap, aided by stable interest rates, festive incentives, and resilient demand in the premium segment.

How Fake PANs Help Hide Crooked Property Deals

How Fake PANs Help Hide Crooked Property Deals

Rediff.com23 Oct 2025

Quoting an incorrect PAN during property registration can invite penalties and prosecution.

Sebi's Valid UPI Initiative Sees Hiccups

Sebi's Valid UPI Initiative Sees Hiccups

Rediff.com1 Oct 2025

The new UPI IDs will follow formats such as abc.bkr@validhdfc or xyz.mf@validhdfc. For easier recognition, they will also carry a white 'thumbs up' icon inside a green triangle.

Airtel to approach DoT on AGR in coming days: MD

Airtel to approach DoT on AGR in coming days: MD

Rediff.com5 Nov 2025

Telecom firm Bharti Airtel will approach the government on the adjusted gross revenue (AGR) it has to pay the exchequer following the Supreme Court's judgment that the government can reassess all AGR dues, according to vice-chairman and managing director Gopal Vittal.

How to Beat the Festive Debt Trap

How to Beat the Festive Debt Trap

Rediff.com5 Nov 2025

Those who have binged on credit must spend less, cut discretionary expenses, and focus on repayment.

Ola Electric founder booked after employee's suicide

Ola Electric founder booked after employee's suicide

Rediff.com20 Oct 2025

A case has been registered against the founder of Ola Electric and other senior officials following the suicide of an engineer who accused them of harassment and non-payment of dues.

Selling Land Is Not a Service, Rules Supreme Court

Selling Land Is Not a Service, Rules Supreme Court

Rediff.com12 Nov 2025

The Supreme Court has said that selling land or property is not a service under the Finance Act, 1994, so such sales cannot be charged with service tax.

UPI transactions will continue to remain free

UPI transactions will continue to remain free

Rediff.com1 Oct 2025

Reserve Bank Governor Sanjay Malhotra on Wednesday said there is no proposal to levy any charge on UPI transactions.

How I Almost Lost My WhatsApp To A Scam

How I Almost Lost My WhatsApp To A Scam

Rediff.com19 Nov 2025

What looked like a delivery update quickly turned into a WhatsApp hijack, Rishika Shah discovered to her horror.

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Rediff.com29 Oct 2025

The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and ensure tax neutrality for fast-track demergers, during its consultation with Revenue Secretary Arvind Shrivastava ahead of the Union Budget 2026-27.

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.

'India's best example is technology': Modi while inviting global investors

'India's best example is technology': Modi while inviting global investors

Rediff.com9 Oct 2025

Prime Minister Narendra Modi on Thursday invited global businesses to participate in the growth story of India, which is the fastest growing large economy of the world.

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.

Market maturity fuelled India's IPO boom, say i-bankers

Market maturity fuelled India's IPO boom, say i-bankers

Rediff.com30 Oct 2025

The domestic initial public offering (IPO) market is experiencing a significant surge, fuelled by the financialisation of savings, digital ease of investing, and expanding participation from both retail and institutional investors, investment bankers said on Wednesday.

Lenders tap alternative data as next frontier in credit fraud fight

Lenders tap alternative data as next frontier in credit fraud fight

Rediff.com28 Oct 2025

Risk assessment platforms are increasingly using diverse data sources to help lenders identify groups attempting to access credit from regulated entities and to improve the process of evaluating new-to-credit (NTC) users.

Few flaws RBI could have avoided while issuing payments bank licences

Few flaws RBI could have avoided while issuing payments bank licences

Rediff.com20 Sep 2015

Bank licencing has been a "once in a decade" affair and so it could well be that we don't face this process anytime soon.

What are the Most Awaited IPOs of 2026?

What are the Most Awaited IPOs of 2026?

Rediff.com29 Oct 2025

Several companies across sectors like finance, healthcare, wellness, retail technology, and asset management are bracing up to hit the D-street. With an unprecedented 1.7 lakh crore raised in 2025, the momentum is likely to sustain in 2026.

Local body polls soon? Maha cabinet takes 21 decisions in single day

Local body polls soon? Maha cabinet takes 21 decisions in single day

Rediff.com4 Nov 2025

A series of decisions were taken under the Public Health Department, including an approval to increase honoraria for field-level workers engaged under the Ayushman BharatPradhan Mantri Jan Arogya Yojana and Mahatma Jyotirao Phule Jan Arogya Yojana.

Was US India's Ally Or Foe In The 1962 War?

Was US India's Ally Or Foe In The 1962 War?

Rediff.com18 Nov 2025

What appeared to be a generous act of friendship was, in truth, a manoeuvre within a much larger strategic game. The United States used the 1962 war not just to aid India but to test how far it could be pulled into the Western fold, points out Dr Kumar.

SC refuses to entertain HDFC Bank CEO's plea challenging FIR by Lilavati Trust

SC refuses to entertain HDFC Bank CEO's plea challenging FIR by Lilavati Trust

Rediff.com4 Jul 2025

The Supreme Court on Friday refused to entertain a plea by HDFC Bank CEO and MD Sashidhar Jagdishan challenging an FIR of cheating and fraud registered against him on a complaint by the Lilavati Kirtilal Mehta Medical Trust, which runs the prominent Lilavati Hospital in Mumbai. A bench of Justices P S Narasimha and R Mahadevan noted that the matter was already listed for hearing on July 14 before the Bombay high court.

SC orders Railways to compensate widow after 20-year legal battle

SC orders Railways to compensate widow after 20-year legal battle

Rediff.com22 Oct 2025

The Supreme Court intervened to ensure a tragedy-struck widow received compensation from the Railways after a 20-year legal battle following her husband's death in a train accident.

ED to probe Fema breach in Paytm bank case

ED to probe Fema breach in Paytm bank case

Rediff.com15 Feb 2024

The Directorate of Enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (Fema) in the Paytm Payments Bank case, according to sources in the know. The probe follows serious concerns raised by the Reserve Bank of India on multiple violations by the Paytm bank, which is a joint venture between One97 Communications, which is the parent company of Paytm, and the group's founder Vijay Shekhar Sharma.

RMG Ban Will Be Clear Only When Rules Are Issued

RMG Ban Will Be Clear Only When Rules Are Issued

Rediff.com30 Aug 2025

'Money moves in a web of transactions and payment addresses keep changing for offshore companies, which requires heightened monitoring measures.'

ED arrests UP agent for duping investors through 'QFX' Ponzi fraud

ED arrests UP agent for duping investors through 'QFX' Ponzi fraud

Rediff.com26 Sep 2025

The Enforcement Directorate (ED) has arrested an agent based in Uttar Pradesh for allegedly defrauding investors through the 'QFX' Ponzi scheme. The agent, Navab Hassan, has been remanded to ED custody for nine days. This is the second arrest in the case, which involves multiple FIRs across several states.

HDFC Bank vs Lilavati Trust: Several HC benches recuse from hearing plea

HDFC Bank vs Lilavati Trust: Several HC benches recuse from hearing plea

Rediff.com26 Jun 2025

Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank.

An OC Is A Must When You Buy A Home

An OC Is A Must When You Buy A Home

Rediff.com4 Nov 2025

For homebuyers, the OC is not just an administrative formality but the very basis of lawful possession. Without it, the property is deemed unauthorised, exposing buyers to risks such as eviction, denial of utilities, or even demolition.

ED freezes Rs 110 crore in Parimatch betting platform case

ED freezes Rs 110 crore in Parimatch betting platform case

Rediff.com14 Aug 2025

The Enforcement Directorate (ED) has frozen Rs 110 crore and seized 1,200 mule credit cards following searches against the Indian operations of Parimatch, a Cyprus-based online betting platform, for alleged money laundering and cheating investors.