News for 'bank of india'

It's time to get started, put money in deals: M&A financing opens up

It's time to get started, put money in deals: M&A financing opens up

Rediff.com15 Sep 2025

Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.

Persistent's premium valuations hinge on sustaining growth momentum

Persistent's premium valuations hinge on sustaining growth momentum

Rediff.com29 Oct 2025

The stock of mid-tier information technology (IT) major Persistent Systems has been one of the outperformers in the IT pack with a return of 5.3 per cent over the last year, while its peer index, the Nifty IT, is down 16.2 per cent over the same period. The strong September quarter (Q2FY26) result and upgrades by brokerages are positive but its ability to sustain growth momentum in a weak macroeconomic environment will be key for future gains. At the current levels, the stock is trading at a premium valuation of 38 times its FY27 earnings estimates.

Foreign Investors Slash India Allocations

Foreign Investors Slash India Allocations

Rediff.com22 Aug 2025

Global emerging market investors are sharply cutting back on India, making it the largest underweight market, as funds rotate into China, Hong Kong, and South Korea amid tariff shocks and valuation concerns.

Payment apps, DoT help avert Rs 200 cr potential fraud loss: PhonePe co-founder

Payment apps, DoT help avert Rs 200 cr potential fraud loss: PhonePe co-founder

Rediff.com8 Oct 2025

Payment apps PhonePe and Paytm have helped citizens avert potential financial frauds worth Rs 200 crore by using the fraud risk indicator platform developed by the Department of Telecom, a senior Walmart group official said on Wednesday.

Global Investing: What YOU Must Know

Global Investing: What YOU Must Know

Rediff.com16 Oct 2025

Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.

Trump's Tariffs: India's Second 1991 Moment

Trump's Tariffs: India's Second 1991 Moment

Rediff.com29 Aug 2025

The crisis may not be as visible this time, but the stakes are just as high, points out Rajeswari Sengupta.

May entrust probe into digital arrest cases to CBI: SC

May entrust probe into digital arrest cases to CBI: SC

Rediff.com27 Oct 2025

The Supreme Court is considering entrusting the CBI with the investigation into digital arrest cases, citing the magnitude and pan-India spread of such crimes. The court has sought details of FIRs registered in different states and union territories and is monitoring the progress of the investigation.

Rupee weakens 3.7% in H1FY26, hits fresh lows on US tariffs, outflows

Rupee weakens 3.7% in H1FY26, hits fresh lows on US tariffs, outflows

Rediff.com1 Oct 2025

The rupee continued to face pressure in the first half of the current financial year (FY26), hitting fresh lows against the dollar, due to strengthening of the greenback, rising crude oil prices, and foreign outflows. Rupee has depreciated by 3.7 per cent so far in the current financial year after starting at a good note in April.

'NPS Will Exceed 30% Growth This Financial Year'

'NPS Will Exceed 30% Growth This Financial Year'

Rediff.com17 Oct 2025

'The informal sector can grow at a 100 per cent rate -- we have to plan big.'

Will Nitish Surprise Modi Or Vice Versa After Bihar Poll?

Will Nitish Surprise Modi Or Vice Versa After Bihar Poll?

Rediff.com29 Oct 2025

The BJP's MoSha leadership are past masters in encouraging defections from their allies if it helped their party capture the chief minister's chair. In Bihar, they are not sure if JD-U MPs and MLAs would be willing to cross over to the BJP if the Nitish leadership came on top -- and the NDA crossed the halfway mark together, observes N Sathiya Moorthy.

RBI keeps interest rates unchanged amid uncertainty over Trump's tariffs

RBI keeps interest rates unchanged amid uncertainty over Trump's tariffs

Rediff.com1 Oct 2025

The Reserve Bank of India (RBI) on Wednesday kept its policy interest rate unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties.

'UCO Bank's strategy is to raise capital in tranches'

'UCO Bank's strategy is to raise capital in tranches'

Rediff.com27 Jun 2025

'Raising the entire amount in one go may not be prudent, given the market dynamics.'

'Movies Have To Be Good To Bring People To Cinemas'

'Movies Have To Be Good To Bring People To Cinemas'

Rediff.com18 Oct 2025

'Last year, we had about 10 to 12 per cent of Hollywood films as a box-office contribution. This year already, it has jumped up to 24 per cent because the lineup is very strong.'

Tempted By GST Car Deals? Brake And Research!

Tempted By GST Car Deals? Brake And Research!

Rediff.com8 Oct 2025

'Some buyers get carried away by festival offers and purchase higher variants or larger vehicles than they truly need, which impacts running cost and long-term affordability.'

India falls out of favour, optimism returns for China: BofA survey

India falls out of favour, optimism returns for China: BofA survey

Rediff.com15 Aug 2025

Investor sentiment across Asian markets has shifted sharply in August, reveals the latest Bank of America (BofA) Fund Manager Survey, which found global growth expectations retreating after three months of improvement.

TCS Q2 FY26 net up 1.4% to Rs 12,075 cr; revenue rises to Rs 65,799 cr

TCS Q2 FY26 net up 1.4% to Rs 12,075 cr; revenue rises to Rs 65,799 cr

Rediff.com10 Oct 2025

India's largest IT services firm Tata Consultancy Services (TCS) on Thursday reported a 1.39 per cent increase in consolidated net profit to Rs 12,075 crore in the July-September quarter of this financial year.

India's hockey greats lead Punjab flood relief

India's hockey greats lead Punjab flood relief

Rediff.com5 Sep 2025

Former Team India hockey stars Rupinder Pal Singh, Gurwinder Singh Chandi and Jugraj Singh are now engaged in a different 'field work' - they are part of the relief and rescue operations in flood-affected Punjab.

Indian economy to grow at 6.5% in FY26; US tariffs to weigh on exports: ADB

Indian economy to grow at 6.5% in FY26; US tariffs to weigh on exports: ADB

Rediff.com30 Sep 2025

Despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year as the impact of US tariffs on Indian exports will reduce prospects, particularly in the second half, ADB said on Tuesday.

Tata Capital eyes Rs 1.38 trn mcap in largest NBFC IPO

Tata Capital eyes Rs 1.38 trn mcap in largest NBFC IPO

Rediff.com30 Sep 2025

Tata Capital is set to launch India's largest ever initial public offering (IPO) by a non-banking financial company (NBFC), valuing the Tata group firm at Rs 1.38 trillion. This will make the company India's fifth-most-valued NBFC after Bajaj Finance (Rs 6.12 trillion), Bajaj Finserv (Rs 3.2 trillion), Jio Financial Services (Rs 1.87 trillion), and IRFC (Rs 1.59 trillion).

'India is fastest growing market for SME segment'

'India is fastest growing market for SME segment'

Rediff.com21 Jul 2025

'India is a big market for StanC, and it is also fastest growing economy in the world.'

'A Domestic Dispute That Became A National Dispute'

'A Domestic Dispute That Became A National Dispute'

Rediff.com7 Nov 2025

'I wanted to go for the heart, and at the same time, open the audience's mind.'

Bank Deposit Insurance May Be Hiked From 5 Lakh To...

Bank Deposit Insurance May Be Hiked From 5 Lakh To...

Rediff.com2 Jun 2025

The revised ceiling will be within the Rs 10 lakh mark.

Why Is Mehli Mistry Against Noel Tata?

Why Is Mehli Mistry Against Noel Tata?

Rediff.com8 Oct 2025

Mehli Mistry is backed by three other trustees -- Pramit Jhaveri, Darius Khambata and Jehangir HC Jehangir -- against Tata Trusts Chairman Noel Tata and the two vice-chairmen, Venu Srinivasan and Vijay Singh.

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.

Insurance staff oppose pvt sector entry in top PSU posts

Insurance staff oppose pvt sector entry in top PSU posts

Rediff.com14 Oct 2025

The All India Insurance Employees' Association has opposed the government directive seeking to open up top posts in the state-owned insurers to the private sector, saying this would lead to greater private influence and "eventual privatisation".

Will teach India lesson it will never forget if...: Pak PM

Will teach India lesson it will never forget if...: Pak PM

Rediff.com13 Aug 2025

Shehbaz emphasised that water was a lifeline for Pakistan, and no compromise would be made on the country's rights under international agreements, as per Geo News.

Ditch Quick-Money Lures This Diwali!

Ditch Quick-Money Lures This Diwali!

Rediff.com20 Oct 2025

: Build lasting wealth via disciplined, long-term mutual fund investing in India's compounding marathon, Shanaihi, Shanaihi, says Ramalingam Kalirajan

1st major contact with Pak since Op Sindoor: India alerts Pak about flood

1st major contact with Pak since Op Sindoor: India alerts Pak about flood

Rediff.com25 Aug 2025

It is the first major contact of its kind since the Pakistan-India conflict in May, the paper said, citing sources.

Affordable Homes Within Reach As Banks Ease Lending Norms

Affordable Homes Within Reach As Banks Ease Lending Norms

Rediff.com8 Jul 2025

The move is to align affordable housing finance flows to the increase in property costs and inflation, says Raghu Mohan.

Digital arrests strike at trust and faith of people in law: SC

Digital arrests strike at trust and faith of people in law: SC

Rediff.com17 Oct 2025

The Supreme Court has taken serious note of the digital arrest of a senior citizen couple in Haryana based on forged orders, highlighting the rising number of such cases and seeking responses from the Centre and CBI.

Modi@75: The Man Who Changed India

Modi@75: The Man Who Changed India

Rediff.com16 Sep 2025

Let there be no doubt that Modi in these 24 years so far has reshaped politics and governance considerably, if not completely, asserts Nilanjan Mukhopadhyay, author, Narendra Modi: The Man, The Times.

'US Needs India To Keep China In Check'

'US Needs India To Keep China In Check'

Rediff.com8 Sep 2025

'If Washington has to balance Chinese power, she will have to turn to the third biggest power in the world which is India.' 'The United States and India will have to work together in order to keep Chinese ambitions in check.'

India Must Be Ready For Chinese Challenge

India Must Be Ready For Chinese Challenge

Rediff.com2 Sep 2025

'One Chinese interlocutor said India should realise that "China can do without India, but India could not do without China", pointing to its inability to do without Chinese intermediates and components,' former foreign secretary Shyam Saran discovers on a visit to China.

Wholesale price inflation eases to 0.13% in Sep on lower food prices

Wholesale price inflation eases to 0.13% in Sep on lower food prices

Rediff.com14 Oct 2025

Wholesale price inflation (WPI) softened to 0.13 per cent in September on easing in prices of food articles and manufactured items, government data showed on Tuesday. WPI-based inflation was 0.52 per cent in August and 1.91 per cent in September last year.

GST 2.0: India's Answer To Trump's Tariffs

GST 2.0: India's Answer To Trump's Tariffs

Rediff.com4 Sep 2025

Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.

Gold, Silver Shine As Stocks Slip

Gold, Silver Shine As Stocks Slip

Rediff.com1 Oct 2025

'The frenzy for gold is primarily due to the uncertainty surrounding the tariff war.'

India eyes 10% of global green hydrogen exports by 2030: Minister

India eyes 10% of global green hydrogen exports by 2030: Minister

Rediff.com19 Aug 2025

India is aiming to become a global hub for green hydrogen exports, eyeing nearly 10 per cent of the worldwide demand by 2030, Union Minister Shripad Yesso Naik said on Tuesday. Addressing FICCI Green Hydrogen Summit 2025, the minister said 8.62 lakh tonne annual hydrogen production capacity has been awarded to 19 companies.

Will Bihar Lift The Liquor Ban After Polls?

Will Bihar Lift The Liquor Ban After Polls?

Rediff.com22 Oct 2025

Voters are weighing a stark trade-off -- between preserving a socially driven policy and reversing course to revive revenue, restore fiscal balance, and rein in the underground liquor economy.

Forex reserves drop by $396 mn to $703 billion

Forex reserves drop by $396 mn to $703 billion

Rediff.com26 Sep 2025

India's forex reserves dropped by $396 million to $703 billion for the week ended September 19, according to the RBI data. In the previous reporting week, the overall reserves had jumped by $4.7 billion to $703 billion.

DIIs Pump Record Rs 6 Trillion in 2025

DIIs Pump Record Rs 6 Trillion in 2025

Rediff.com16 Oct 2025

The strong domestic flow offset selling by foreign portfolio investors who pulled out $23.3 billion (Rs 2.03 trillion) from domestic equity markets in CY25.