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India Banks Association Chairman M V Nair

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Rediff's Wave Rider Retires!

 After steering the Rediff mothership for close to 29 years, Ajit Balakrishnan, founder, chairman and CEO, did what few businessmen in this country do -- R-E-T-I-R-E. On August 2, 2024, we were......

After LVB, Dhanlaxmi Bank shareholders oust CEO Sunil Gurbaxani

 While Dhanlaxmi Bank faces governance issues similar to those in Lakshmi Vilas Bank, the financial profile of the Kerala-based bank is better. Shareholders of Thrissur-based Dhanlaxmi Bank on......

Sensex ends 29 pts lower; telecom stocks plunge

 Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index Market benchmark BSE Sensex, on Thursday, erased its early gains to end lower by 29......

Housing scam a "very small" incident, says Montek

 The plan panel on Thursday termed the housing finance racket, involving the chief of LIC Housing Finance and several other officials of PSU banks, as a "very small" incident as far as banking......

RBI may hike interest rates by 1% this year

 Foreign lender Royal Bank of Scotland on Thursday said RBI is likely to hike its policy rates by up to one percentage point this year even as the headline inflation is likely to fall to 6-7 per......

Banks see credit demand revival

 Enthused by signs of a strong economic recovery, bankssaid on Monday they expect a credit growth of 20-22 per cent in FY 11 and would wait for further policy cues prior to taking a call on hiking......

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