Sandeep Raut has been asked to depose before the central agency at its office in Mumbai next week, they said, adding his statement will be recorded under the Prevention of Money Laundering Act.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers your home loan queries.
Gautam Adani, India's second-richest man, and seven others including his nephew Sagar have been charged with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion profit over 20 years.
Banks send these mails simply as a marketing exercise. It neither reflects your loan eligibility nor ensures lower interest.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
The State Bank of India (SBI), in association with Air-India and Singapore Tourism Board, has launched a personal loan scheme for travel to Singapore, valid for residents of Andhra Pradesh.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
We take a look at some of the reasons why you may not get a loan the next time you apply for one.
'Maharashtra is virtually in a debt trap.'
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Due to the prevailing uncertainty, the risk of loans going bad has certainly increased. This may result in lenders following risk-based pricing more diligently, notes Naveen Kukreja, CEO, Paisabazaar.com
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
By following the path of Kula Dharma as mentioned in the Bhagavad Gita, you will not only be securing your child's future but also contributing to your own early sukoon (peace and well-being), says Vatsal Ramaiya
For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
Indians hoping to study in Canada should think twice because many students have ended up in substandard colleges with no job prospects despite spending lakhs of rupees, resulting in depression and suicide, India's top envoy there says.
SBI offers reward points for various types of banking transactions.
The credit policy annouced by the RBI on July 31 is likely to have no impact on the home loan interest rates feel experts.
Customers need to weigh whether they will be better off selling their mutual fund holdings or taking a loan against it.
Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).
The Reserve Bank India's (RBI's) decision to ban the onboarding of new accounts on the "bob World" mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited "material supervisory concerns"; news reports claimed mobile numbers were randomly linked to accounts to purportedly inflate registrations on bob World.
The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don't opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
I am happy I didn't knock anyone down, driving recklessly or trying to show off. However, in one instance of road rage (the consequence of arguing with a driver who disrespected my right to cross the road peacefully) I did find a man in a SUV taking his anger out on me by driving his vehicle over my feet, recalls Shyam G Menon.
Credit card loans and personal loans are two prime examples of unsecured loans that must always be avoided.
Health insurance coverage should be hiked periodically to keep pace with medical inflation, or increase in healthcare costs.
In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
The difference between Cibil and other marketplaces is that in the case of the latter the credit report is accessed after the customer clicks the loan offer, while in the case of Cibil the customer first checks the credit score and then applies for the loan.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Edtech firm Think and Learn, which owns Byju's brand, has not paid the July salary to employees as the company was unable to access its accounts due to a temporary stay granted by the Supreme Court on the NCLAT's decision, a top official said on Tuesday. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju's.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
If you default, it will affect your credit score and your career.
Days after her mother Menka Irani passed away, Farah Khan took to Instagram to share her feelings in a poignant post.
Banks and financial institutions provide 6-12 months of additional time, beyond which you need to negotiate.
Local residents have stressed that land acquisition for rehabilitation must be completed promptly, as it has been delayed after estate owners challenged it in the Kerala high court.
'Use this money to build an emergency fund if you do not have one.'
'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances