News for 'financial institution'

Roads can't be blocked for religious activities: SC

Roads can't be blocked for religious activities: SC

Rediff.com28 Apr 2026

The Supreme Court has stated that roads cannot be blocked for religious activities and that while religious denominations have autonomy in worship, the government can interfere if secular activities are affected.

Ex-Corporation Promoter Arrested In Subsidy Fraud Case

Ex-Corporation Promoter Arrested In Subsidy Fraud Case

Rediff.com29 Apr 2026

A former scheduled caste promoter of the Thiruvananthapuram Corporation was arrested in connection with an alleged Rs 75 lakh subsidy fraud under a self-employment scheme for women of the marginalised community.

Himachal Pradesh Government Reopens Inquiry into Solan Land Deal Amidst Opposition Pressure

Himachal Pradesh Government Reopens Inquiry into Solan Land Deal Amidst Opposition Pressure

Rediff.com4 Apr 2026

The Himachal Pradesh government has ordered a fresh inquiry into the Chester Hill land case in Solan, following opposition allegations of a 'benami' land deal and violations of land laws. This decision comes after the withdrawal of a previous order that had questioned the initial inquiry's legality.

Sensex, Nifty dip in volatile trade as profit-taking hits banking stocks

Sensex, Nifty dip in volatile trade as profit-taking hits banking stocks

Rediff.com16 Apr 2026

Indian benchmark indices Sensex and Nifty closed lower in a volatile session due to profit-taking in banking and financial shares, despite earlier gains driven by easing geopolitical tensions. Analysts suggest investors remain cautious and are not aggressively chasing the recent rally.

Why mixed-use developments are the future of Indian real estate

Why mixed-use developments are the future of Indian real estate

Rediff.com20 Apr 2026

Mixed-use real estate projects, integrating residential, commercial, retail, and hospitality segments, are gaining significant traction in India as developers seek to maximise returns, optimise land use, and diversify cash flows, with experts predicting 35-40% of urban real estate supply will be mixed-use by 2030.

When Will Jio Credit Reach AUM Level Of Rs 1 Trillion?

When Will Jio Credit Reach AUM Level Of Rs 1 Trillion?

Rediff.com29 Apr 2026

'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'

Force Motors Reports Highest Ever Revenue And Profitability

Force Motors Reports Highest Ever Revenue And Profitability

Rediff.com30 Apr 2026

Force Motors Limited announced its highest-ever revenue and profitability for the fiscal year ending March 31, 2026, driven by growth across its Urbania, Trax, and Traveller platforms, as well as defence partnerships and international engine manufacturing.

SC asks CBI, ED to conduct 'fair, time-bound' probe into Anil Ambani Group banking fraud

SC asks CBI, ED to conduct 'fair, time-bound' probe into Anil Ambani Group banking fraud

Rediff.com23 Mar 2026

The Supreme Court has ordered a 'fair, dispassionate, transparent, and time-bound' investigation by the CBI and ED into the Anil Dhirubhai Ambani Group, addressing concerns over alleged large-scale banking fraud and demanding accountability.

Foreign Universities Offer Rs 1,000 Cr Scholarships

Foreign Universities Offer Rs 1,000 Cr Scholarships

Rediff.com14 Apr 2026

The scholarships are expected to support both merit- and need-based categories, including students from non-metro regions and those enrolling in high-demand disciplines such as AI and other STEM fields.

Sujit Bose Arrested In West Bengal Recruitment Scam

Sujit Bose Arrested In West Bengal Recruitment Scam

Rediff.com11 May 2026

Former West Bengal minister Sujit Bose has been arrested by the Enforcement Directorate in connection with a money laundering case linked to an alleged municipality recruitment scam.

Bank credit grows at 16.08% in FY26, deposits rose by 13.47%, fastest since FY24

Bank credit grows at 16.08% in FY26, deposits rose by 13.47%, fastest since FY24

Rediff.com16 Apr 2026

Indian bank credit expanded by 16.08 per cent year-on-year in FY26, marking its fastest pace since FY24, while deposits grew by 13.47 per cent, according to RBI data. Experts caution that year-end figures may be inflated due to reporting date changes, but acknowledge strong momentum in corporate, MSME, and retail segments.

Iranian Oil Tanker Changes Course from India to China Amid Payment Concerns

Iranian Oil Tanker Changes Course from India to China Amid Payment Concerns

Rediff.com3 Apr 2026

A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India to China, raising questions about payment issues and the future of India's Iranian oil imports.

Crude at $130 could unsettle growth outlook: S&P Global

Crude at $130 could unsettle growth outlook: S&P Global

Rediff.com15 Apr 2026

S&P Global Ratings warns that a sustained rise in crude oil prices to $130 per barrel could significantly slow India's economic growth, weaken fiscal metrics, and strain corporate and banking sector performance, potentially reducing growth by up to 80 basis points.

Kara Review: Dhanush Anchors a Flawed Heist-Thriller

Kara Review: Dhanush Anchors a Flawed Heist-Thriller

Rediff.com30 Apr 2026

Kara had the makings of a fine heist thriller anchored by a superlative Dhanush, but a slack screenplay in crucial stretches and an overdose of melodrama ensure it only works in patches, observes Sreeju Sudhakaran.

Want To Study In Japan On A Scholarship?

Want To Study In Japan On A Scholarship?

Rediff.com6 Apr 2026

Japan is looking for 1,000 postgraduate students, PhD scholars, and postdoctoral researchers from India for funded research opportunities at Japanese institutions.

Actor-politician Vijay discloses 603 crore in assets ahead of Tamil Nadu polls

Actor-politician Vijay discloses 603 crore in assets ahead of Tamil Nadu polls

Rediff.com31 Mar 2026

TVK chief Vijay declared assets worth 603.20 crore in his election affidavit, including luxury cars and significant bank deposits, ahead of the Tamil Nadu Assembly polls.

'Biggest Single Danger Is If Remittances Come Down'

'Biggest Single Danger Is If Remittances Come Down'

Rediff.com13 May 2026

'At the first sign of real trouble, that money will move. There will be a run.'

Why Cannes' Pick Amma Ariyan Is A Haunting Masterpiece

Why Cannes' Pick Amma Ariyan Is A Haunting Masterpiece

Rediff.com12 May 2026

John Abraham's 1986 film Amma Ariyan, now heading to the 2026 Cannes film festival, remains one of Malayalam cinema's most politically charged and unsettling masterpieces.

Indian Equities Rebound: BSE 500 Up 12.1% in April Amidst Geopolitical Risks

Indian Equities Rebound: BSE 500 Up 12.1% in April Amidst Geopolitical Risks

Rediff.com30 Apr 2026

Indian equities are experiencing their sharpest rebound in years, with the BSE 500 index rallying 12.1 per cent so far this month, echoing Covid-era recoveries despite ongoing geopolitical uncertainty and earnings risks.

HDFC Bank initiates independent review after chairman's ethics-based resignation

HDFC Bank initiates independent review after chairman's ethics-based resignation

Rediff.com24 Mar 2026

HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.

UPI Transactions Soar To 314 Lakh Crore In FY26

UPI Transactions Soar To 314 Lakh Crore In FY26

Rediff.com30 Apr 2026

Unified Payments Interface (UPI) has reached a record Rs 314 lakh crore in transaction value in FY26, representing more than a 4,000-fold increase since inception.

Automation nudges banks towards leaner workforce

Automation nudges banks towards leaner workforce

Rediff.com28 Apr 2026

Major Indian banks, including Axis Bank, HDFC Bank, and RBL Bank, have reported a decline in employee headcount in FY26, attributing the reductions to significant investments in technology and automation yielding productivity gains across operations.

Assets of India's financial institutions touch $2.8 trillion

Assets of India's financial institutions touch $2.8 trillion

Rediff.com2 Nov 2014

The total value of assets held by India's financial institutions touched nearly $2.8 trillion, the third largest among BRICS nations, in 2013.

Enforcement Directorate Attaches 581 Crore Assets of Reliance Group Companies

Enforcement Directorate Attaches 581 Crore Assets of Reliance Group Companies

Rediff.com12 Mar 2026

The Enforcement Directorate (ED) has attached assets worth over 581 crore belonging to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), companies of Reliance Group Chairman Anil Ambani, as part of an ongoing investigation.

Pune Godman Accused Of Abetting Student's Suicide

Pune Godman Accused Of Abetting Student's Suicide

Rediff.com22 Apr 2026

Pune Police have registered a case of abetment against an unidentified godman in connection with the alleged suicide of a 25-year-old music student in Pune. The student, Renuka Harshvardhan Likhite, was found dead in her hostel after transferring money to the godman for occult rituals.

Paytm Shifts to Majority Indian Ownership Amidst Rising Investor Confidence

Paytm Shifts to Majority Indian Ownership Amidst Rising Investor Confidence

Rediff.com14 Apr 2026

One 97 Communications Ltd, operating under the Paytm brand, has transitioned to a majority Indian-owned and controlled company, reflecting increased domestic investor confidence and improved financial performance.

VHP Appeals To UN For Religious Minorities' Protection In Pakistan, Bangladesh

VHP Appeals To UN For Religious Minorities' Protection In Pakistan, Bangladesh

Rediff.com27 Apr 2026

The Vishva Hindu Parishad (VHP) has appealed to the United Nations to intervene on behalf of religious minorities in Pakistan and Bangladesh, citing human rights violations.

All banking cos to deduct TDS on interest income beyond Rs 50,000 a year

All banking cos to deduct TDS on interest income beyond Rs 50,000 a year

Rediff.com30 Mar 2026

The Income Tax Department has clarified the applicability of TDS (Tax Deducted at Source) on interest income for banking companies under the Income Tax Act, 2025, aligning it with the Banking Regulation Act, 1949.

SFBs' universal licence dream: It's a long road ahead

SFBs' universal licence dream: It's a long road ahead

Rediff.com23 Apr 2026

The Reserve Bank of India's 2024 norms for the voluntary conversion of Small Finance Banks (SFBs) into universal banks, particularly the subjective 'diversified loan portfolio' criterion, are proving to be a significant hurdle, with Ujjivan SFB and Jana SFB having their applications returned.

SC: Husband's Duty to Maintain Wife Must Ensure Dignified Life

SC: Husband's Duty to Maintain Wife Must Ensure Dignified Life

Rediff.com16 Apr 2026

The Supreme Court of India has emphasised that a husband's obligation to maintain his wife is a primary and continuing duty, ensuring she lives with dignity and in a manner commensurate with her marital status.

How Hyderabad Police Plan To Combat Cyber Fraud

How Hyderabad Police Plan To Combat Cyber Fraud

Rediff.com21 Apr 2026

Hyderabad Police Commissioner V C Sajjanar has proposed a Joint Working Group with the RBI and banks to address the issue of mule bank accounts used in cyber fraud. The proposal follows 'Operation Octopus,' which exposed vulnerabilities in KYC verification. Sajjanar also recommended strict directives for banks to fix accountability and adopt advanced technology to detect suspicious transactions.

Andrew Holland: 'I'd Lean Towards 60-70% in Largecaps'

Andrew Holland: 'I'd Lean Towards 60-70% in Largecaps'

Rediff.com28 Apr 2026

'... with the rest split between mid and smallcaps, as valuations are becoming more attractive across segments.'

Rupee likely to stabilise at 92-93 per dollar: EAC-PM chairman

Rupee likely to stabilise at 92-93 per dollar: EAC-PM chairman

Rediff.com9 Apr 2026

S Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister, expressed confidence that the rupee would stabilise around the 92-93 level against the US dollar, despite geopolitical tensions, and that foreign investment flows would return.

PM seeks reforms of global financial institutions

PM seeks reforms of global financial institutions

Rediff.com7 Jul 2009

Ahead of the G-8 meeting on Wednesday, Prime Minister Manmohan Singh has called for significant reforms of the international financial institutions to address global problems and asserted that India would seek its due place in such institutions.

Income Tax Raids Target TMC Leaders: What It Means

Income Tax Raids Target TMC Leaders: What It Means

Rediff.com17 Apr 2026

The Income Tax Department conducted searches at multiple locations in Kolkata, including the residence of TMC MLA Debashis Kumar and Miraj Shah, a proposer of Mamata Banerjee's candidature. The TMC alleges the raids are politically motivated.

Behind The Crown: Miss India Winners Show Their Real Side

Behind The Crown: Miss India Winners Show Their Real Side

Rediff.com29 Apr 2026

Femina Miss India World 2026 Sadhvi Sail, first runner-up Rajnandini Pawar and second runner-up Sree Advaita open up about breaking stereotypes and why pageantry is more than just the crown.

'Target is to open 80 branches every year for next few years'

'Target is to open 80 branches every year for next few years'

Rediff.com29 Apr 2026

Best in class asset quality, strong retail granularity, and a sustainable return ratio -- these are the things we will look at, says Yes Bank's new MD and CEO Vinay Tonse.

Adityanath Blames Graft For UP's 'BIMARU' Status

Adityanath Blames Graft For UP's 'BIMARU' Status

Rediff.com3 May 2026

Uttar Pradesh Chief Minister Yogi Adityanath attributed the state's 'BIMARU' (sick) status to corruption during previous governments, emphasising the need for transparency and meritocracy in recruitment processes. He highlighted improvements in medical facilities and increased government job opportunities for young people in Uttar Pradesh.

UK Visa Curbs Hit Indian Students

UK Visa Curbs Hit Indian Students

Rediff.com22 Apr 2026

'Tightening of visa norms for international students around the world are a concern for the university and the education sector, even as the UK continues to offer relatively attractive post-study work opportunities compared to several competing markets.'

Hormuz Hopes Drive Market Surge

Hormuz Hopes Drive Market Surge

Rediff.com28 Apr 2026

Is the current rally telegraphing a durable peace plan in West Asia, boosted by United States (US) President Donald Trump's incoherent and contradictory posts on social media?