bank deposits

PM’s assets around Rs.10.73 crore


September 9th, 2012 - 7:05 pm ICT by IANS
New Delhi, Sep 9 (IANS) Prime Minister Manmohan Singh has assets worth around Rs.10.73 crore (around $2 million), nearly double from last year. Many of his cabinet colleagues, like ... Read more...

Posted in Politics |

SBI wants CRR phased out for ‘more efficient’ banking (Lead)


August 23rd, 2012 - 10:38 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender, the State Bank of India (SBI) has strongly proposed phasing out of Cash Reserve Ratio (CRR) to make ithe ... Read more...

Posted in Business |

SBI favours phasing out of CRR


August 23rd, 2012 - 5:16 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender State Bank of India has strongly proposed phasing out of Cash Reserve Ratio (CRR) from the banking system, its ... Read more...

Posted in Business |

Post office with four mail runners opened in Ladakh


June 19th, 2012 - 8:21 pm ICT by IANS
Jammu, June 19 (IANS) A post office with four mail runners (postmen), who may cover a distance of 60 km daily, was inaugurated Tuesday at Cha-Lungnak in Jammu and Kashmir's ... Read more...

Posted in National |

Bank of China to open Taiwan branch


June 13th, 2012 - 11:56 pm ICT by IANS
Beijing, June 13 (IANS) China's third-largest bank, the Bank of China, will open a branch in Taipei.Taiwan's financial regulator gave its approval Wednesday, Xinhua reported.The branch will focus on bank ... Read more...

Posted in Business |

SBI teams with Geojit BNP Paribas for NRI stocks investments


June 4th, 2012 - 6:59 pm ICT by IANS
Kochi, June 4 (IANS) Geojit BNP Paribas Financial Services and State Bank of India inked an agreement to extend Portfolio Investment Services (PIS) to non-resident Indian (NRI) customers, mainly ... Read more...

Posted in Business |

White paper gives no estimate of black money abroad (Lead)


May 21st, 2012 - 5:20 pm ICT by IANS
New Delhi, May 21 (IANS) The government Monday released the much-awaited white paper on black money, which makes a strong pitch for setting up the Lokpal and Lokayuktas but ... Read more...

Posted in Business |

SBI annual net profit surges nearly 42 percent (Lead)


May 18th, 2012 - 9:44 pm ICT by IANS
Kolkata/Mumbai, May 18 (IANS) India's biggest lender, the State Bank of India (SBI), Friday reported a 41.66 percent rise in net profit year-on-year to Rs.11,707 crore in 2011-12 fiscal ... Read more...

Posted in Business |

Nitish, Bihar ministers declare assets


January 3rd, 2012 - 12:11 am ICT by IANS
Patna, Jan 2 (IANS) Bihar Chief Minister Nitish Kumar and his cabinet colleagues Monday made public details of their assets. Human Resources Development Minister Prashant Kumar Shahi is the ... Read more...

Posted in Politics |

Putin has $180,000 in bank savings


December 23rd, 2011 - 4:34 am ICT by IANS
Moscow, Dec 23 (IANS/RIA Novosti) Russian Prime Minister Vladimir Putin has a total of $179,612 in the bank, Russia's Central Electoral Commission has said.Putin has earned just over half a ... Read more...

Posted in Politics |

Japan’s monetary base rose in October


November 2nd, 2011 - 1:28 pm ICT by IANS
Tokyo, Nov 2 (IANS) The monetary base in Japan rose 17 percent in October from a year earlier from a 16.7 percent annual increase logged in the previous month, the ... Read more...

Posted in Business |

RBI frees savings interest rates


October 25th, 2011 - 6:19 pm ICT by IANS
Mumbai, Oct 25 (IANS) Consumers are set to earn more on their savings accounts with the Reserve Bank of India (RBI) Tuesday deregulating interest rates. "It is felt that the time ... Read more...

Posted in Business |

U.S. federal regulators close First International Bank in Texas


October 1st, 2011 - 10:02 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- Federal regulators on Friday evening closed the First International Bank in Texas, raising the total number of bank failures in the United States so far this year ... Read more...

Posted in Business |

Global equities rout reaches India, Sensex crashes 704 points


September 22nd, 2011 - 8:57 pm ICT by IANS
Mumbai, Sep 22 (IANS) A sell-off in stock markets around the world Thursday affected Indian equities as well with a benchmark index plummeting 704 points - its worst fall ... Read more...

Posted in Business |

RBI seeks feedback on savings deposit rate deregulation


April 28th, 2011 - 9:51 pm ICT by IANS
Mumbai, April 28 (IANS) The Reserve Bank of India (RBI) Thursday issued a discussion paper seeking feedback from various stakeholders on proposed deregulation of interest rates on savings bank deposits.During ... Read more...

Posted in Business |

Axis Bank profit soars 33 percent in Q4


April 22nd, 2011 - 7:46 pm ICT by IANS
Mumbai, April 22 (IANS) Axis Bank, India's third largest private sector lender, said Friday its net profit soared 33 percent to Rs.1,020 crore in the fourth quarter of 2010-11 on ... Read more...

Posted in Business |

Trinamool’s Amit Mitra, wife worth Rs.7 crore


April 7th, 2011 - 6:13 pm ICT by IANS
Kolkata, April 7 (IANS) Former secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Trinamool Congress candidate Amit Mitra owns assets worth over Rs.7 crore ... Read more...

Posted in Politics |

Buddhadeb has no house, vehicle, just Rs.5,000 cash


April 5th, 2011 - 6:50 pm ICT by IANS
Kolkata, April 5 (IANS) West Bengal Chief Minister Buddhadeb Bhattacharjee owns no house or vehicle, resides in a rented government flat and has only Rs.5,000 cash in hand.In affidavits submitted ... Read more...

Posted in Politics |

UAE central bank announces increase in money supply


March 28th, 2011 - 12:18 am ICT by IANS
Abu Dhabi, March 27 (IANS/WAM) UAE's central bank Sunday announced that money supply rose by 2.3 percent to 48 billion dirhams (about $13 billion) at the end of February from ... Read more...

Posted in Business |

Yeddyurappa declares assets worth several crores


February 6th, 2011 - 8:24 pm ICT by IANS
Bangalore, Feb 6 (IANS) Karnataka Chief Minister B.S. Yeddyurappa, under attack for allegedly amassing wealth, Sunday declared that he had cash and jewellery worth crores of rupees besides property in Bangalore.But ... Read more...

Posted in Politics |

Bihar’s anti-corruption drive: Declare assets or go without salary, says Nitish


January 27th, 2011 - 5:21 pm ICT by ANI
Patna, Jan 27, (ANI): In an attempt to weed out corruption, Bihar Chief Minister Nitish Kumar has decided to withhold salaries of officials and employees who fail to declare assets held in ... Read more...

Posted in National |

SBI net profit rises 14 percent at Rs.2,828 crore


January 22nd, 2011 - 6:16 pm ICT by IANS
Mumbai, Jan 22 (IANS) State Bank of India (SBI), the country largest lender, said Saturday its net profit rose 14.07 percent to Rs.2,828.06 crore ($628.45 million) in the third quarter of ... Read more...

Posted in Business |

Indian retail investors lost $15-bn opportunity: Fund manager


October 28th, 2010 - 1:39 pm ICT by IANS
By Gyanendra Kumar Keshri Panjim, Oct 28 (IANS) Retail investors could have gained over $15 billion by investing just 5 percent of their savings in Indian capital markets in the past 30 ... Read more...

Posted in Business |

Satyam fraudulent entries by Raju at Rs.6,800 crore


September 29th, 2010 - 9:33 pm ICT by IANS
Hyderabad, Sep 28 (IANS) The total impact of fraudulent entries by the original promoters of Satyam Computer Services on the profit and loss account was to the tune of Rs.6,800 crore, ... Read more...

Posted in Business |

Government has no data on Swiss bank money: RTI activist told


September 16th, 2010 - 5:25 pm ICT by IANS
New Delhi, Sep 16 (IANS) There is no verifiable data about the quantum of Indian money kept in Swiss banks, the government has told a Right to Information (RTI) activist. Responding to ... Read more...

Posted in Uncategorized |

Mayawati is worth Rs.88 crore — officially (Lead)


May 26th, 2010 - 9:54 pm ICT by IANS
Lucknow, May 26 (IANS) Uttar Pradesh Chief Minister Mayawati Wednesday filed her nomination papers seeking a fresh term in the Vidhan Parishad, declaring assets worth Rs.88 crore, a hike of Rs.36 ... Read more...

Posted in Politics |

Mayawati is officially worth Rs.88 crore


May 26th, 2010 - 9:00 pm ICT by IANS
Lucknow, May 26 (IANS) Uttar Pradesh Chief Minister Mayawati Wednesday filed her nomination seeking a fresh term in the Vidhan Parishad (upper house) in which she declared assets worth Rs.88 crore, an ... Read more...

Posted in Politics |

Assets of Rs.2 crore found in tax official’s home


April 27th, 2010 - 1:32 pm ICT by IANS
Bhopal, April 27 (IANS) A raid in a tax official's house in Indore in Madhya Pradesh has yielded assets worth Rs.2 crore, disproportionate to his known sources of income. The officer has ... Read more...

Posted in Uncategorized |

West Bengal to hike women’s quota in civic agencies


March 20th, 2010 - 7:24 pm ICT by IANS
Kolkata, March 20 (IANS) West Bengal Chief Minister Buddhadeb Bhattacharjee Saturday said the women's quota in the elected seats of panchayat and municipal committees will be raised to 50 percent. "I have told ... Read more...

Posted in Politics |

Congress demands cases against IAS couple with huge assets


February 7th, 2010 - 4:52 pm ICT by IANS
Bhopal, Feb 7 (IANS) The main opposition Congress in Madhya Pradesh demanded criminal cases against the Indian Administrative Service (IAS) couple from whose house Income Tax (IT) officials allegedly found unaccounted assets ... Read more...

Posted in Politics |

IAS couple with Rs.3 crore unaccounted cash suspended (Second Lead)


February 6th, 2010 - 12:48 am ICT by IANS
Bhopal, Feb 5 (IANS) The Madhya Pradesh government Friday suspended the IAS couple from whose house Income Tax (IT) sleuths allegedly found Rs.3 crore unaccounted cash during a raid. An engineer whose ... Read more...

Posted in Uncategorized |

Madhya Pradesh pledges action against the corrupt (Lead)


February 5th, 2010 - 8:09 pm ICT by IANS
Bhopal, Feb 5 (IANS) The Madhya Pradesh government sought the Income Tax (IT) department's report on raids that were conducted at the houses of government officials and businessmen for the second day ... Read more...

Posted in Uncategorized |

IT raids continue for second day, foreign currency found


February 5th, 2010 - 6:27 pm ICT by IANS
Bhopal, Feb 5 (IANS) The Income Tax (IT) department has found foreign currency worth over Rs.25 lakh (Rs.2.5 million) during the second day of raids on residences of government officials and businessmen ... Read more...

Posted in Uncategorized |

Federal regulators close Florida-based bank, eleventh U.S. bank failure of 2010


January 30th, 2010 - 4:38 pm ICT by BNO News
IMMOKALEE, FLORIDA (BNO NEWS) -- Federal regulators on Friday closed the Florida Community Bank in Immokalee, Florida marking the eleventh U.S. bank failure of 2010 following an economic turbulent year that saw ... Read more...

Posted in Business |

Indian diaspora must think beyond remittances: Manmohan Singh


January 8th, 2010 - 2:17 pm ICT by IANS
New Delhi, Jan 8 (IANS) Thanking overseas Indians for the remittances to their country of origin that amounted to over $50 billion last fiscal, Prime Minister Manmohan Singh Friday also asked ... Read more...

Posted in Business |

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