'We love them but the moment we hear something about them, we are done.'
India's top payments service provider Financial Technologies-promoted atom technologies, Visa and Reliance group's Reliance Securities have come together to enable 1 million customers of Reliance Securities to make online money transfers to their broking accounts through atom's payment solutions, using any Visa debit card.
Global payment card brand Visa International would double its debit card business in India from five million to 10 million during the current fiscal, South Asia deputy country manager Uttam Nayak said.
'When I was invited by Didi to her house, my only thing was, 'I really want to see if her house is actually that small.' Is it smaller than my house or not?'
In FY23, the State Bank of India (SBI) reported a 57.4 per cent jump in its net profit to Rs 55,684.17 crore. But the chairman of the country's largest bank, Dinesh Khara's annual pay for this creditable performance was just Rs 37 lakh (his peers at state-run banks are no better off). Look at his private bank rivals - most pocketed in excess of Rs 7 crore annually - plus stock options.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
Had he not taken his final curtain call on April 23, 1992, Satyajit Ray would still, undoubtedly, have been making movies.
While Visa and Mastercard slug it out for leadership, analysts say RuPay has the potential to cause disruption and eat into their market share.
You get a 45-day repayment window and reward points. But inability to pay back on time can be a problem.
Most of those punished were managers across different scales, from Scale 7 (general managers) to Scale 1 (officers). However, at least one bank - Oriental Bank of Commerce - revealed that 17 single-window operators (SWOs), five head cashiers, two clerks, one clerk-cum-cashier, and one peon-cum-housekeeper were among those penalised for staff delinquency. Punishments against these employees included withholding of increment, demotion for one year, and censure under provisions of the bipartite settlement.
The passing of Satyajit Ray's renaissance man feels like the snapping of the last connection with a generation that built a nation and defined grace while facing everything life had to throw at them, says Sumit Bhattacharya.
'He never went to the Bombay industry.'
The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Raja Sen lists movies that would work wonders for any generation lucky enough to see them on the big screen.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
Do you know Ashaji crooned a seductive night club song, Zooby Zooby Je L'aime Vous for An Evening In Paris?
The Manduadih-Rameswaram Weekly Express tops the list of latecomer trains, with the highest average delay time of 11.5 hours!
All Delhi government, aided, private and schools run by civic bodies will remain shut, said Sisodia.
A sari is not merely six yards of cloth. Designed right and draped right, it becomes the sexiest thing a woman with any kind of figure can wear. Take a look.
This is a list of his films that would work wonders for any generation lucky enough to see them on the big screen.
Only Rs 10,720 crore of the junked currency notes did not return to the banking system, rest 99.9 per cent was deposited raising question mark over the government's effort of curbing black money through the demonetisation.
Though the list of superstitious beliefs is long, often dissolving distinctions of class, caste, religion and education, Karnataka's anti-superstition bill is seen as a big step ahead.
Tax Guru Anil Rego answers your personal income tax queries
If you are making any drastic changes, make sure there is adequate documentation
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
One of India's greatest actors -- someone who acted in 14 Satyajit Ray films -- doesn't get good movie roles anymore.
'It may not be coincidental that the rise of these warriors with their bile and diatribes has come at a time when the concept of neutrality in journalism is fading.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The moustache protest is the latest blot on the face of a nation that has failed to ensure even the safety of the Dalit community, says Veenu Sandhu.
The veteran actress turns 70 today, December 8.
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
Rediff.com's Love Guru has answers to all your relationship problems.
Right from the beginning, the State abdicated its responsibility in fixing the blame for the Hashimpura massacres or getting justice for the victims.
Shivade: "You didn't find any brain inside the brain cavity?" Dr Thakur nodded. The judge shocked: "Huh?!"
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
'As citizens of this country, we often expect sweeping changes here, but find the smallest of abdications that we may ourselves be called upon to make far too inconveniencing.' 'Think about it deeply -- about the move and the reactions it has gathered -- and we will actually learn a lot about ourselves,' says Sreehari Nair.
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