News for 'formal credit'

Tikait gives govt time till Oct 2 to repeal farm laws

Tikait gives govt time till Oct 2 to repeal farm laws

Rediff.com6 Feb 2021

Tikait claimed a few inputs had been received regarding some "miscreants trying to disrupt peace" during the "chakka jam" that was announced for 12 noon to 3 pm on Saturday.

Rs 1.80 lakh cr bad loans likely to be recovered in FY'19

Rs 1.80 lakh cr bad loans likely to be recovered in FY'19

Rediff.com25 Sep 2018

After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.

The crackdown on black money and its impact

The crackdown on black money and its impact

Rediff.com27 Jun 2016

The crackdown on black money has manifested itself in a doubling in outward remittances as black money attempts to leave India.

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.

Manohar Parrikar: Defence minister with a difference

Manohar Parrikar: Defence minister with a difference

Rediff.com20 Mar 2019

'He consulted widely, both formally and informally and acted quickly on pragmatic suggestions.' 'To his credit, Parrikar took the initiative to reduce excessive litigation against armed forces veterans and widow over small sums of pensionary and disability benefits,' points out says Brigadier Gurmeet Kanwal (retd).

Indian banks' bad loans may rise to 8.5% by March 2017

Indian banks' bad loans may rise to 8.5% by March 2017

Rediff.com28 Jun 2016

The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.

The 4 factors that will revive India's growth story

The 4 factors that will revive India's growth story

Rediff.com25 Mar 2019

GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.

From flashy diamantaire to fugitive: Nirav Modi's long road to extradition

From flashy diamantaire to fugitive: Nirav Modi's long road to extradition

Rediff.com25 Feb 2021

The diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.

Maharashtra govt hints at giving reservation to Marathas

Maharashtra govt hints at giving reservation to Marathas

Rediff.com15 Nov 2018

Instead of agitating, be ready for celebration, Maha CM Devendra Fadnavis said.

President Kovind inaugurates refurbished Motera Stadium

President Kovind inaugurates refurbished Motera Stadium

Rediff.com24 Feb 2021

The refurbished Sardar Patel Stadium in Motera is now renamed Narendra Modi Stadium.

Telangana movement gets its own newspaper

Telangana movement gets its own newspaper

Rediff.com6 Jun 2011

'Namaste Telangana,' credited to be the first Telugu newspaper of Telangana region, has hit the stands all over the region on Monday with a record initial print run of 750,000.

Reduce excise duty on AAC to boost the green building sector

Reduce excise duty on AAC to boost the green building sector

Rediff.com9 Jul 2014

Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.

MHA asks NIA to initiate probe against Davinder Singh

MHA asks NIA to initiate probe against Davinder Singh

Rediff.com16 Jan 2020

The formal notification of handing over the case to the NIA is expected to be issued by the ministry soon, an official privy to the development said.

Subbarao to meet bankers for pre-policy meet on Oc

Subbarao to meet bankers for pre-policy meet on Oc

Rediff.com1 Oct 2010

Though there is no formal agenda for the meeting, it is generally conducted to get bankers' views on the macro economic scenario and credit and deposit growth. The apex bank also point out its concerns, if any, on specific issues.

A success route from software to banking

A success route from software to banking

Rediff.com29 Sep 2010

It all started with a city-based IT solutions company setting out to build a technology platform for agricultural cooperative societies that would enable provision of banking services in rural areas at just two percent extra cost compared with urban bank branches.

Serving small entrepreneurs: A 5-star business idea

Serving small entrepreneurs: A 5-star business idea

Rediff.com4 Sep 2017

Five Star Business Finance is in the business of providing loans to MSME entrepreneurs. Gireesh Babu finds out more about the company that plans to grow to 3,000 crore by 2020.

Explained: The 3-month loan moratorium

Explained: The 3-month loan moratorium

Rediff.com14 Apr 2020

'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.

Banking on customer interest

Banking on customer interest

Rediff.com27 Oct 2003

Nirav Modi's mental health, Indian prisons in focus at UK extradition case

Nirav Modi's mental health, Indian prisons in focus at UK extradition case

Rediff.com9 Sep 2020

The third day of the five-day hearing at Westminster Magistrates' Court, presided over by Justice Samuel Goozee, was devoted to the defence laying out further arguments against a prima facie case of fraud and money laundering against Modi.

HC hands over Jayalalithaa's home to nephew, niece

HC hands over Jayalalithaa's home to nephew, niece

Rediff.com27 May 2020

The Madras high court on Wednesday asked the Tamil Nadu government to reconsider its decision to convert late Chief Minister J Jayalalithaa's residence in Chennai into a memorial and declared her niece and nephew as the legal heirs of her property worth several crores. A division bench of Justices N Kirubakaran and Abdul Quddhose also suggested that Veda Nilayam, located in the upmarket Poes Garden area, be converted into the official residence of the chief minister of the state, while a portion of the property can be a memorial if needed.

MUDRA Bank: A catalyst for India's 10% GDP growth

MUDRA Bank: A catalyst for India's 10% GDP growth

Rediff.com16 Mar 2015

Bringing in the untapped informal sector into the formal one will benefit business.

Tejinder's gold medal story WILL inspire you

Tejinder's gold medal story WILL inspire you

Rediff.com25 Aug 2018

Tejinder Pal Singh Toor remained strong in pursuit of his passion and all the sacrifices made, paid off, on Saturday with an Asian Games gold medal.

Limited choices in strategic partners in defence

Limited choices in strategic partners in defence

Rediff.com25 Sep 2019

The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.

IMF chief Lagarde under investigation in French fraud case

IMF chief Lagarde under investigation in French fraud case

Rediff.com28 Aug 2014

IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.

What RBI could do to help exporters

What RBI could do to help exporters

Rediff.com11 Apr 2016

RBI should monitor export credit offtake and how well banks implement its instruction.

The big flaws that nailed payments banks

The big flaws that nailed payments banks

Rediff.com30 May 2016

The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.

How Bollywood's writers are fighting back

How Bollywood's writers are fighting back

Rediff.com20 Feb 2020

'The writer remains the most creative force in the process.' 'Producers need to be inventive in how they reward good writing.'

Jewellers face severe funding crisis

Jewellers face severe funding crisis

Rediff.com14 Dec 2018

The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.

Confiscation of currency was not demonetisation's aim: Jaitley

Confiscation of currency was not demonetisation's aim: Jaitley

Rediff.com8 Nov 2018

In a Facebook post on the second anniversary of demonetisation, Jaitley said in first four years of the National Democratic Alliance government, the number of income tax returns filers has gone up to 6.86 crore from 3.8 crore in May 2014.

Jewellers may miss Diwali sparkle this year

Jewellers may miss Diwali sparkle this year

Rediff.com10 Oct 2019

As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.

India's GDP to grow at 7.3 pc this fiscal, 7.5 pc next: World Bank

India's GDP to grow at 7.3 pc this fiscal, 7.5 pc next: World Bank

Rediff.com9 Jan 2019

Attributing the growth to an upswing in consumption and investment, the World Bank has said India will continue to be the fastest growing major economy in the world.

If EPFO has its way, you will be allowed to withdraw only 60% of PF

If EPFO has its way, you will be allowed to withdraw only 60% of PF

Rediff.com19 Jun 2018

The objective behind the move is to "retain the membership of PF subscribers and to address the social security needs at the time of unemployment."

'Stop complaining,' BJP boss tells India Inc

'Stop complaining,' BJP boss tells India Inc

Rediff.com10 Sep 2017

Take part in the growth story, Amit A Shah tells Corporate India.

How not to get duped by rogue jewellers

How not to get duped by rogue jewellers

Rediff.com20 Nov 2019

The industry body has issued two advisories in an attempt to restore jewellers credibility in the wake of the Rs 12,000-crore PNB-Nirav Modi scam, and recent defaults by two domestic jewellers - Goodwin and Rasiklal.

YES Bank fraud case: Cox & Kings top brass under ED lens

YES Bank fraud case: Cox & Kings top brass under ED lens

Rediff.com9 Jun 2020

The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.

The Postmaster's Cut

The Postmaster's Cut

Rediff.com5 Nov 2021

'One evening, my mother announced during dinner that we would open a Cumulative Time Deposit account in the post office. 'My father froze. 'The handful of curd rice that he had just put into his mouth remained there for a few extra seconds.' Colonel K Thammayya Udupa (retd) recalls an important decision that changed his family's life forever.

Sheena Bora Case: How did Indrani access Sheena's email account?

Sheena Bora Case: How did Indrani access Sheena's email account?

Rediff.com14 Feb 2020

The prosecution's pursuit of this tiny detail was because they believed the charge from Google, on Indrani's account, was to restore Sheena's Gmail account, via the Google account recovery toolkit, since Indrani did not have the password.

Triple century feat courts controversy

Triple century feat courts controversy

Rediff.com19 Jan 2008

A budding cricketer's extraordinary feat of scoring 301 in a single day at the Cricket Association of Bengal's 110-point junior tournament was mired in controversy, following a complaint of impersonation against the player.

7 ways India can improve its investment climate

7 ways India can improve its investment climate

Rediff.com13 Nov 2019

'From the investor's point of view, a real change would happen only when business environment in all our states qualitatively improves,' says NITI Aayog Vice-Chairman Rajiv Kumar.

'By 2022, India will need 20 million affordable houses'

'By 2022, India will need 20 million affordable houses'

Rediff.com1 Mar 2019

/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.