News for 'State Bank Group'

Has anything changed, ask Lakhimpur Kheri voters

Has anything changed, ask Lakhimpur Kheri voters

Rediff.com11 May 2024

This appears to be a common refrain in Uttar Pradesh's Lakhimpur Kheri Lok Sabha constituency where farmers want better prices for their produce and respite from the stray cattle menace and others want political leaders to talk about job creation instead of issues like the Ram temple and Article 370.

Heatwave continues in northwest, central India; relief after 2 days

Heatwave continues in northwest, central India; relief after 2 days

Rediff.com4 Jun 2024

Temperatures in 17 locations breached 45 degrees Celsius on Monday, with the punishing heat affecting health and livelihoods.

CBI draws flak for not objecting to Chanda Kochhar, husband's interim bail

CBI draws flak for not objecting to Chanda Kochhar, husband's interim bail

Rediff.com10 Oct 2023

The Supreme Court on Tuesday questioned the CBI over not objecting to repeated extension of the two-week interim bail granted in January this year to former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi asked Additional Solicitor General SV Raju, appearing for the CBI, as to why the probe agency did not resist repeated extension of interim bail granted to them by the Bombay high court on January 9. "This order is of January 9 and interim bail was granted for only two weeks. Why have you not resisted? Why are you permitting it to continue for such a long period?

UB Group denies Kingfisher loans funded offshore property

UB Group denies Kingfisher loans funded offshore property

Rediff.com18 Apr 2016

State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.

HDFC Bank's S Jagdishan: 'Not a P&L person'

HDFC Bank's S Jagdishan: 'Not a P&L person'

Rediff.com8 Jul 2021

'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.

India vs Aus: Couple of Adani protestors disrupt 1st ODI

India vs Aus: Couple of Adani protestors disrupt 1st ODI

Rediff.com27 Nov 2020

Play was halted briefly at the Sydney Cricket Ground when the pitch was invaded by two protesters.

Union Budget '24: Realty players' high-rise expectations

Union Budget '24: Realty players' high-rise expectations

Rediff.com11 Jan 2024

During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going. Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth. The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.

Budget Qs Answered: 'Selling My Home At Rs 5 Cr. How Much Tax Will I Pay?'

Budget Qs Answered: 'Selling My Home At Rs 5 Cr. How Much Tax Will I Pay?'

Rediff.com26 Jul 2024

rediffGURU Samkit Maniar answers readers' personal income tax queries.

Do not park too much money in co-operative banks

Do not park too much money in co-operative banks

Rediff.com13 Nov 2019

Do not go for riskier options like co-operative bank only for the higher return. Even if you go for them, park only a small portion of your capital there, say Tinesh Bhasin and Sanjay Kumar Singh.

Fearing FATF heat, Pak to upgrade group of banned outfits to 'high risk'

Fearing FATF heat, Pak to upgrade group of banned outfits to 'high risk'

Rediff.com9 Mar 2019

The proscribed organisations will be examined under heightened security checks at all layers of legal, administrative, investigative and financial regimes, the Dawn newspaper reported.

Adani group, RIL, Tata lead race to buy bankrupt firms

Adani group, RIL, Tata lead race to buy bankrupt firms

Rediff.com29 Aug 2018

Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.

Scam-hit PMC Bank invites EoI from potential investors

Scam-hit PMC Bank invites EoI from potential investors

Rediff.com3 Nov 2020

Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.

Why banks may not buy Mallya's settlement offer

Why banks may not buy Mallya's settlement offer

Rediff.com31 Mar 2016

Mallya has denied that he had fled India and said he would comply with laws.

Second wave of NPAs? SBI, BoB, YES Bank could be hit

Second wave of NPAs? SBI, BoB, YES Bank could be hit

Rediff.com1 Oct 2019

YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.

RBI plans to collect information from ICICI Bank on loan to Videocon

RBI plans to collect information from ICICI Bank on loan to Videocon

Rediff.com11 Apr 2018

The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.

Hasina's dictatorship destroyed every Bangladeshi institution: Yunus

Hasina's dictatorship destroyed every Bangladeshi institution: Yunus

Rediff.com18 Aug 2024

The chief adviser alleged elections held under Hasina's regime were "rigged blatantly and generations of young people grew up without exercising their voting rights."

SoftBank backs Nikesh Arora, says allegations baseless

SoftBank backs Nikesh Arora, says allegations baseless

Rediff.com20 Jun 2016

Nikesh Arora is one of the highest-paid business leaders globally.

Same old story? How banks ignored alerts

Same old story? How banks ignored alerts

Rediff.com16 Feb 2018

Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.

Bird Group's ambitious plan to grab Air India's ground handling arm

Bird Group's ambitious plan to grab Air India's ground handling arm

Rediff.com16 Apr 2021

The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.

US nominates Jim Yong Kim as World Bank prez for 2nd term

US nominates Jim Yong Kim as World Bank prez for 2nd term

Rediff.com25 Aug 2016

'Re-electing Jim Yong Kim will allow the World Bank to continue to build on important initiatives and reforms.'

JSPL talks to banks for Rs 550 cr expansion

JSPL talks to banks for Rs 550 cr expansion

Rediff.com25 Jun 2003

The O P Jindal Group company Jindal Steel and Power has begun talks with the State Bank of India, Punjab National Bank and Canara Bank for financing its Rs 550 crore (Rs 5.50 billion) expansion plan.

UP cabinet meet in Ayodhya: Yogi, ministers pray at Ram temple

UP cabinet meet in Ayodhya: Yogi, ministers pray at Ram temple

Rediff.com9 Nov 2023

A cabinet meeting outside Lucknow -- a rare event -- was held for the first time in Prayagraj in January of 2019.

2 Weeks On, What Did Hamas Attack Achieve?

2 Weeks On, What Did Hamas Attack Achieve?

Rediff.com21 Oct 2023

By creating mayhem, Hamas aims to force the Arab States to give up their plans of reconciliation with Israel, explains Colonel Anil A Athale.

'Cheaper, faster, safer': India, Singapore launch real-time payments link

'Cheaper, faster, safer': India, Singapore launch real-time payments link

Rediff.com22 Feb 2023

In the first such collaboration for India, the country's flagship payments platform, the Unified Payments Interface (UPI), and Singapore's PayNow payment system have launched a real-time cross-border payment linkage system. The linkage, which was launched by Prime Minister (PM) Narendra Modi and Singapore's PM Lee Hsien Loong on Tuesday, was kicked off by a live cross-border transaction between Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore managing director Ravi Menon, using mobile phones.

List of VIPs invited for Ram temple Event

List of VIPs invited for Ram temple Event

Rediff.com21 Jan 2024

While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.

'Brand Stalin' Shows Annamalai His Place

'Brand Stalin' Shows Annamalai His Place

Rediff.com11 Jun 2024

If Tamil Nadu voters preferred the DMK combine, it owed to the Modi-Annamalai combo's ideological battle which often crossed the line of political decency and also challenged 'Tamil pride', argues N Sathiya Moorthy.

Beware! China, Pakistan's Bangladesh Games

Beware! China, Pakistan's Bangladesh Games

Rediff.com13 Aug 2024

Bangladesh is in turmoil, which is not good news for India, which shares a porous 4000 km border with it. There is a danger of fundamentalism growing there, and India has to move in to reset its ties with the new dispensation before China and Pakistan make capital out of it, alerts Ramesh Menon.

Indian cities sizzle at 48 deg C, respite likely after 3 days

Indian cities sizzle at 48 deg C, respite likely after 3 days

Rediff.com28 May 2024

Temperatures in 17 locations breached 48 degrees Celsius on Monday, with the relentless heat affecting health and livelihoods across large parts of northwestern and central India.

'Unemployment Is Higher Among Educated Youth'

'Unemployment Is Higher Among Educated Youth'

Rediff.com28 Jun 2024

'The more educated a young person is, the higher the chances of him or her remaining unemployed.'

Govt to get moving on IDBI Bank sale after LIC IPO

Govt to get moving on IDBI Bank sale after LIC IPO

Rediff.com22 Jan 2022

The department of investment and public asset management is racing against time to launch the LIC IPO, which could become the largest-ever listing on the Indian bourses. This would lead to some delay in the strategic divestment of IDBI Bank.

SBI in 'Hall of Shame' of banks funding cluster bomb makers

SBI in 'Hall of Shame' of banks funding cluster bomb makers

Rediff.com19 Jun 2016

The maximum number of banks are from the US (74), followed by China (29) and South Korea (26).

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Rediff.com8 Oct 2020

PNB has rich experience in the integration of commercial banks.

IPL valuation skyrockets by billions in 2024!

IPL valuation skyrockets by billions in 2024!

Rediff.com12 Jun 2024

The value of the Indian Premier League went up 6.5 per cent to USD 16.4 billion (around Rs 134,858 crore) in 2024, according to a report by American investment bank Houlihan Lokey.

Did Lakshmir Bhandar Help Mamata Win?

Did Lakshmir Bhandar Help Mamata Win?

Rediff.com6 Jun 2024

The welfare schemes of the government, particularly Lakshmir Bhandar, have had a major impact on the electoral outcome.

Singapore-based DBS Bank plans to trim India branches in 2-3 years

Singapore-based DBS Bank plans to trim India branches in 2-3 years

Rediff.com15 Feb 2021

The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020.

DD airs The Kerala Story despite protest by CPM, Congress

DD airs The Kerala Story despite protest by CPM, Congress

Rediff.com6 Apr 2024

The Congress in Kerala on Friday approached the Election Commission of India (ECI) against the decision of Doordarshan to telecast the controversial movie The Kerala Story, saying it was a 'tacit effort' to divide society on religious grounds to further the electoral prospects of the ruling Bharatiya Janata Party.

RBI mandates banks to link fresh retail loans to external benchmark

RBI mandates banks to link fresh retail loans to external benchmark

Rediff.com5 Sep 2019

All public sector banks have moved to such a regime voluntarily, while private banks are yet to. The state-run banks have introduced repo-linked products for floating-rate home and auto loans, but the RBI said loans to micro, small and medium enterprises (MSMEs) should also be linked to an external benchmark.

Mallya group's Rs 350-cr UB shares sold in 4th quarter

Mallya group's Rs 350-cr UB shares sold in 4th quarter

Rediff.com20 Apr 2016

In all, 4.2 million shares were sold during the quarter.

Mallya ready to smoke the peace pipe with banks

Mallya ready to smoke the peace pipe with banks

Rediff.com23 Nov 2015

Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.

Smallcaps see biggest monthly leap in 3 years; Nifty climbs 5.5% in Nov

Smallcaps see biggest monthly leap in 3 years; Nifty climbs 5.5% in Nov

Rediff.com8 Dec 2023

Notwithstanding concerns about lofty valuations, smallcaps recorded their most significant monthly gain in nearly three years in November. The National Stock Exchange Nifty Smallcap 100 finished the month with a 12 per cent gain, the most since February 2021 when it rose by 12.2 per cent. After declining by 4.1 per cent in the preceding month, the Nifty Midcap 100 rose by 10.4 per cent, the most since July 2022.