News for 'formal credit'

WPL Final PIX: RCB are the CHAMPIONS!

WPL Final PIX: RCB are the CHAMPIONS!

Rediff.com17 Mar 2024

IMAGES from the WPL final between Delhi Capitals and Royal Challengers Bangalore on Sunday

Hooch Tragedy, BSP Leader Killing: Stalin On Shaky Ground

Hooch Tragedy, BSP Leader Killing: Stalin On Shaky Ground

Rediff.com10 Jul 2024

Wednesday's Vikravandi by-election has become a referendum on the Stalin government, notes N Sathiya Moorthy.

Bhajan Lal Sharma takes over as Rajasthan CM on his birthday

Bhajan Lal Sharma takes over as Rajasthan CM on his birthday

Rediff.com15 Dec 2023

First-time MLA Bhajan Lal Sharma was sworn in as the chief minister of Rajasthan at a ceremony attended by Prime Minister Narendra Modi and the Bharatiya Janata Party's top leadership on Friday, 12 days after the party ousted the Congress in the assembly polls.

Indian Wheels for Vande Bharat Trains

Indian Wheels for Vande Bharat Trains

Rediff.com7 Oct 2023

India's iconic Vande Bharat train project may finally find a solution to its two Russian-related issues.

Without formal music training, he won Saregamapa

Without formal music training, he won Saregamapa

Rediff.com27 Dec 2010

Kamal Khan wins the reality show, and looks forward to Bollywood.

Of murky alleys, credit cards and faceless staff

Of murky alleys, credit cards and faceless staff

Rediff.com7 Jan 2015

Many placement agencies are fly-by-night operators in New Delhi.

Major PSU banks to go live on account aggregator system by July-end

Major PSU banks to go live on account aggregator system by July-end

Rediff.com21 Jul 2022

After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end. Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live earlier this month.

Vijayakanth: The action hero who took on heavyweights

Vijayakanth: The action hero who took on heavyweights

Rediff.com28 Dec 2023

He will be remembered for mustering the courage to take on former chief ministers and the state's political heavyweights M Karunanidhi and J Jayalalithaa in the political arena on his own terms and also hold his own against them.

SlicePay: The 'buy now, pay later' start-up for students

SlicePay: The 'buy now, pay later' start-up for students

Rediff.com7 Nov 2017

With more and more youngsters preferring to shop online, the credit appetite has surged.

Gold Loans On RBI, Finance Ministry Radar

Gold Loans On RBI, Finance Ministry Radar

Rediff.com28 Mar 2024

Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.

'I must get credit for Beti Bachao Beti Padhao slogan'

'I must get credit for Beti Bachao Beti Padhao slogan'

Rediff.com30 Jun 2016

'I wrote to the PMO to know who has written the slogan. but did not get an answer.'

All Eyes On M&M-RBL Bank Saga

All Eyes On M&M-RBL Bank Saga

Rediff.com14 Sep 2023

Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.

As Jet defaults on loan, its credit rating slips to 'D'

As Jet defaults on loan, its credit rating slips to 'D'

Rediff.com3 Jan 2019

Over the past several months, the airline has struggled to pay vendors and staff salaries on time.

Interim Budget: No, Just A True Vote On Account!

Interim Budget: No, Just A True Vote On Account!

Rediff.com1 Feb 2024

She has shown shrewdness, sensitivity, and courage. All of these will be needed in ample quantities for the real challenge that will emerge after the elections, notes Shreekant Sambrani.

Why farm loan waivers are no magic wand

Why farm loan waivers are no magic wand

Rediff.com10 Jan 2019

Be it loan waiver or DBT transfer, it only helps in creating a "feel good" factor and postpones the problem for some time if structural problems are not handled.

RBI asks Paytm Payments Bank to stop opening new accounts

RBI asks Paytm Payments Bank to stop opening new accounts

Rediff.com11 Mar 2022

The RBI on Friday asked Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. "Reserve Bank of India has today, in exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, 1949, directed Paytm Payments Bank Ltd to stop, with immediate effect, onboarding of new customers," the central bank said in a statement. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system.

What Nirmalaji Must Include In The Budget Speech

What Nirmalaji Must Include In The Budget Speech

Rediff.com31 Jan 2023

The real requirement for the finance minister's explanatory speech is to explain the measures taken in the Budget to influence inflation and growth not just through the announcement of a deficit goal, but more broadly through the impact on money supply, consumer demand, foreign trade and investment, explains Nitin Desai.

The famous five taking on shady Chinese lending apps

The famous five taking on shady Chinese lending apps

Rediff.com27 Oct 2020

A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.

10.2 million houses in urban India lying vacant: CBRE

10.2 million houses in urban India lying vacant: CBRE

Rediff.com29 Apr 2015

A study conducted by CBRS reveals there are abundant homes lying vacant in urban India.

Govt rules out fresh PSB merger proposal

Govt rules out fresh PSB merger proposal

Rediff.com3 Aug 2021

Experts attribute the lower target to increased allocation under the credit guarantee scheme for small businesses. Out of the Rs 3.21 trillion worth loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) in the last financial year, Rs 3.12 trillion were disbursed to entrepreneurs, according to official data.

Nirmalaji And Why I Quit The Government

Nirmalaji And Why I Quit The Government

Rediff.com15 Jan 2024

She said I treated her like a bachchi. At another moment, she said I had gone to various people and 'bitched' about her. She also threatened to bring the entire matter to the PM's notice. A revealing excerpt from Subhash Chandra Garg's We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.

NDA Turns 25, But Does This BJP Remember?

NDA Turns 25, But Does This BJP Remember?

Rediff.com23 May 2023

'It is not just about numbers. Sometimes coalitions and alliances have symbolic value.'

Deepika's A Queen At Cannes!

Deepika's A Queen At Cannes!

Rediff.com18 May 2022

For her first formal appearance at this year's Cannes Film Festival, jury member Deepika Padukone channeled her inner royalty.

Jan Dhan Yojana powers Modi Sarkar's financial inclusion drive

Jan Dhan Yojana powers Modi Sarkar's financial inclusion drive

Rediff.com11 Mar 2019

There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.

Nehru: The Man Who Knew No Fear

Nehru: The Man Who Knew No Fear

Rediff.com14 Nov 2023

On Jawaharlal Nehru's 134th birth anniversary, Utkarsh Mishra recounts incidents where the first prime minister showed exemplary courage, bravery and integrity.

World media calls G20 declaration a 'coup' for Modi

World media calls G20 declaration a 'coup' for Modi

Rediff.com10 Sep 2023

The G20 declaration, which hit snags on the language to describe the Ukraine war, amounted to a 'coup' for host Prime Minister Narendra Modi though the final compromise statement reflected a stand far softer than those the United States and its Western allies have adopted on Russia, the world media said on Sunday.

'Biden has thrown out the rule book for India'

'Biden has thrown out the rule book for India'

Rediff.com29 Sep 2023

'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'

We expected Motera wicket to hold up little longer than it did: Silverwood

We expected Motera wicket to hold up little longer than it did: Silverwood

Rediff.com26 Feb 2021

The Motera pitch came in for sharp criticism from some former players after England were bowled out for 112 and 81 in the two innings as India crushed them by 10 wickets to grab a 2-1 lead

The Political Mindset On Jobs Needs Change

The Political Mindset On Jobs Needs Change

Rediff.com20 Jun 2023

The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.

New loans may become hard to get

New loans may become hard to get

Rediff.com3 Jul 2020

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

Kuttey Review: Who Let The Dogs Out?

Kuttey Review: Who Let The Dogs Out?

Rediff.com13 Jan 2023

Kuttey's muddled momentum cannot cover up the trail of loopholes it leaves behind, observes Sukanya Verma.

'The Gandhis have swallowed their pride for now and deflected the attention to Kharge'

'The Gandhis have swallowed their pride for now and deflected the attention to Kharge'

Rediff.com21 Oct 2022

'Gehlot is right now doing things, which are not appreciated by the Gandhis.' 'The Gandhis have realised that their writ does not run in Rajasthan, therefore they have deflected the issue to Kharge.'

There Will Surely Never Be Another Bishan Singh Bedi

There Will Surely Never Be Another Bishan Singh Bedi

Rediff.com25 Oct 2023

One of cricket's greatest players passed into the ages on Monday. Rediff.com salutes the legend.

Nepal's decision on imports may hit India hard

Nepal's decision on imports may hit India hard

Rediff.com19 Apr 2022

Nepal's decision to ban the import of non-essential items amid depleting forex reserves may hit Indian exports. The country's central bank - Nepal Rastra Bank - last week instructed commercial banks not to open letters of credit (LCs) for importing non-essential items. This is to prevent further decline of the country's foreign exchange reserves. However, it has not issued any formal communication yet.

Sitharaman walks the tech talk with AI, data governance, digilocker in Budget

Sitharaman walks the tech talk with AI, data governance, digilocker in Budget

Rediff.com1 Feb 2023

The Union Budget on Wednesday outlined several initiatives to drive India's technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.

Govt set to introduce 17 new bills in monsoon session of Parliament

Govt set to introduce 17 new bills in monsoon session of Parliament

Rediff.com13 Jul 2021

The much-anticipated cryptocurrency bill, however, is missing from the list, reports Shrimi Choudhary.

India's richest 1% own more than 40% of total wealth: Oxfam

India's richest 1% own more than 40% of total wealth: Oxfam

Rediff.com16 Jan 2023

The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.

Every Ruling Party Like Its Writ To Run

Every Ruling Party Like Its Writ To Run

Rediff.com24 Jun 2023

Despite their opposition based on ideology, both the political Right and the political Left possess similar behaviour, observes Shyam G Menon.

When Will Banks End Customer Harassment?

When Will Banks End Customer Harassment?

Rediff.com30 Aug 2022

The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market, but there is no end to the harassment of customers, asserts Tamal Bandyopadhyay.

India 2022: Huge Economic Challenges

India 2022: Huge Economic Challenges

Rediff.com30 Sep 2022

Every patriot should learn from our history and recognise that celebrating size will neither negate nor obscure the huge economic challenges that India faces, asserts Rathin Roy.