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Licensing Finance Branch

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Where Would India Be Without Dr Singh?

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister......

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......

California shooter received $28,500 before killings

Image: Syed Rizwan Farook is pictured in his California driver's license, in this undated handout provided by the California Department of Motor Vehicles. Photograph: California Department of......

How Aadhaar promotes a digital caste system

The linking of biometric UID/Aadhaar number to all public services makes “We, the People of India” worse than slaves, says Dr Gopal Krishna. The second in a 7-part series. Illustration:......

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of......

Why Foreign Financial Firms Quit India

There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu. Photograph: Nick Zieminski/Reuters Among......

Credit Suisse gets nod to start Mumbai branch

The Credit Suisse on Thursday said that it has received a license from the Reserve Bank of India to establish a bank branch in Mumbai. This license enables Credit Suisse to substantially expand......

Sachin Bansal quits Ujjivan Small Finance Bank board

Sachin Bansal has resigned from the board of Ujjivan Small Finance Bank Ltd citing that an entity owned and controlled by him has applied for a universal banking licence, according to a regulatory......

Muthoot Finance seeks licence to start a bank

Gold loan company Muthoot Finance said on Monday it has submitted an application to RBI for a licence to start a bank. "The application for a banking licence is indeed a major milestone for the......

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