RBI bars IIFL Finance from disbursing gold loans

The Reserve Bank on Monday barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying......

RBI directs gold loan providers to review policies and practices

The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify......

Explained: The Boom In 2024 Right Issues

With Rs 17,087 crore raised so far this calendar year, the total is already 2.4 times that of the full year of 2023, which stood at Rs 7,266 crore. Illustration: Dominic Xavier/Rediff.com  ......

Asset quality risk, a worry for IndusInd

A Rs 525-crore contingency provision during the July-September period led to a 19 per cent fall in IndusInd Bank’s share price on Friday (October 25). Photograph: Anushree Fadnavis/Reuters......

The World's Youngest Grandmaster

At 12 years, seven months and 17 days, Dommaraju Gukesh is the second youngest Grandmaster of all time.Devangshu Datta meets the ace. IMAGE: Dommaraju Gukesh, Grandmaster! Photograph: Kind......