banking institutions

No banks in 1,700 Chinese towns in 2011


January 5th, 2012 - 12:59 pm ICT by IANS
Beijing, Jan 5 (IANS) Banking services were absent in a total of 1,696 remote Chinese towns at the end of 2011, according to government data.The data issued by the China ... Read more...

Posted in Business |

Chandy blames Air India for high fares to Middle East


October 3rd, 2011 - 4:33 pm ICT by IANS
Thiruvananthapuram, Oct 3 (IANS) Kerala Chief Minister Oommen Chandy Monday blamed national carrier Air India for not offering "favourable" fares for the benefit of thousands of Keralites settled in ... Read more...

Posted in Politics |

Banks’ non-performing assets may rise: Assocham


August 14th, 2011 - 10:58 am ICT by IANS
New Delhi, Aug 14 (IANS) Non-performing assets (NPAs) of banks are likely to go up as lending to certain sectors like telecom, airlines and agriculture might turn into bad loans, ... Read more...

Posted in Uncategorized |

Chatterjee Group to set up private bank in Bengal


July 7th, 2011 - 12:13 am ICT by IANS
Kolkata, July 6 (IANS) The Chatterjee Group (TCG) is looking at setting up a private bank in West Bengal.Talking to reporters after a meeting Chief Minister Mamata Banerjee at ... Read more...

Posted in Business |

RBI aims to improve banking system in Manipur


April 3rd, 2011 - 2:34 pm ICT by ANI
Imphal, Apr 3 (ANI): The Reserve Bank of India (RBI) recently organized a financial outreach camp in Manipur to spread awareness about the benefits of banking service in remote areas of ... Read more...

Posted in Feature |

Sensex closes 141 points lower as bribery scam jitters persist (Roundup)


November 25th, 2010 - 6:36 pm ICT by IANS
Mumbai, Nov 25 (IANS) A benchmark index of Indian equities markets Thursday closed 141 points lower as traders continued to be jittery over a bribery scam in leading realty financing companies ... Read more...

Posted in Business |

Sensex closes 141 points lower (Second Lead)


November 25th, 2010 - 5:28 pm ICT by IANS
Mumbai, Nov 25 (IANS) A benchmark index of Indian equities markets Thursday closed 141 points lower as trader continued to be jittery over a bribery scam in leading realty financing companies ... Read more...

Posted in Business |

State-run banks need to revisit business models


September 27th, 2010 - 9:18 pm ICT by IANS
New Delhi, Sep 27 (IANS) Public sector banks need to revisit their business models to meet the needs of the modern, technology savvy customers, S. Sridhar, chairman and managing director of the ... Read more...

Posted in Business |

Four Florida residents charged in $6 million mortgage fraud scheme


March 17th, 2010 - 3:39 am ICT by BNO News
MIAMI (BNO NEWS) – Four Florida residents were indicted on charges of a multimillion dollar mortgage fraud scheme, prosecutors said Tuesday.Maria L. Lozada, 40, of Miami, Carlos Cano, 53, of Delray Beach, ... Read more...

Posted in World News |

Bharti Airtel forays into entertainment business


March 11th, 2010 - 7:14 pm ICT by IANS
New Delhi, March 11 (IANS) Leading telecom services provider Bharti Airtel Thursday announced the launch of its digital media business -- its foray into entertainment -- to deliver content to a range ... Read more...

Posted in Business |

Bank Of America Might Face Additional Charges From SEC For Paying Bonus


January 12th, 2010 - 10:22 pm ICT by GD
By Meena Kar Jan 12, (THAINDIAN NEWS) The economic recession has taken a toll on all the financial institutions of the country and had crippled many of them. The federal regulatory board has ... Read more...

Posted in Business |

Customers not getting full benefits of rate cuts: RBI chief


November 25th, 2009 - 6:17 pm ICT by IANS
Mumbai, Nov 25 (IANS) Inefficiencies in the banking system were not allowing customers to fully enjoy benefits of rate cuts, said the chief of India's central bank here Wednesday. "Although overall efficiency and ... Read more...

Posted in Business |

It is desirable to continue with administrative tribunals: CJI


November 1st, 2009 - 7:55 pm ICT by ANI
New Delhi, Nov 1(ANI): Chief Justice of India K.G. Balakrishnan on Sunday expressed satisfaction that most benches of the Central Administrative Tribunal (CAT) have progressively improved their disposal in recent years.Addressing the ... Read more...

Posted in National |

Lehman Brothers collapse to be turned into primetime drama


August 19th, 2009 - 4:40 pm ICT by ANI
London, Aug 19 (ANI): The collapse of Lehman Brothers is to be turned into a primetime drama by the BBC.The BBC Two drama will offer a behind-the-scenes take on doomed attempts ... Read more...

Posted in Entertainment |

More US banks face survival struggle


May 28th, 2009 - 12:44 am ICT by IANS
Washington, May 27 (DPA) The number of US banks facing collapse jumped dramatically in the first quarter with a 21 percent increase in "problem" lenders, a US government agency said Wednesday. The Federal ... Read more...

Posted in Business |

India will emerge more economically powerful than China: PM


April 1st, 2009 - 3:34 pm ICT by ANI
London, Apr 1 (ANI): The Prime Minister, Dr. Manmohan Singh, has said that India would emerge a more successful country from an economic perspective in the long run in comparison to ... Read more...

Posted in World |

US stocks drop after best rally of the year


March 25th, 2009 - 4:58 am ICT by IANS
New York, March 25 (DPA) US stocks fell sharply Tuesday, one day after posting their biggest gains of the year, as the US administration sought new powers to control failing financial ... Read more...

Posted in Business |

US may buy shares with voting rights to help “stressed” banks


February 24th, 2009 - 10:50 am ICT by IANS
Washington, Feb 24 (IANS) The US government has warned America's biggest banks that it could become their biggest shareholder with voting rights if regulators decide they are not strong enough to weather ... Read more...

Posted in Uncategorized |

Indian banks are overburdened, says study


February 9th, 2009 - 4:05 pm ICT by IANS
New Delhi, Feb 9 (IANS) Indian banks are highly over-burdened, with every branch catering to a little over 16,000 individuals on an average - which is four to five times higher than ... Read more...

Posted in Uncategorized |

FBI concerned about ”cybergeddon” hitting US next


January 7th, 2009 - 10:23 pm ICT by ANI
New York, Jan.7 (ANI):Cyber attacks pose the greatest threat to the United States after nuclear war and weapons of mass destruction - and they are increasingly hard to prevent, FBI experts ... Read more...

Posted in World |

‘Banks in developed world should take lessons from India’


November 22nd, 2008 - 6:53 pm ICT by IANS
Ahmedabad, Nov 22 (IANS) Banks in developed nations have many things to learn from the Indian banking institutions that have remained insulated from the mortgage crisis, Gujarat Health Minister Jaynarayan Vyas said ... Read more...

Posted in Business |

GMR completes acquisition of 50 percent stake in InterGen


October 14th, 2008 - 7:35 pm ICT by IANS
New Delhi, Oct 14 (IANS) Infrastructure developer GMR group has completed the acquisition of 50 percent stake in InterGen NV, a power generation firm that owns 12 power plants around the world.In ... Read more...

Posted in Business |

State-owned bank employeess to strike work Wednesday


August 19th, 2008 - 7:25 pm ICT by IANS
New Delhi, Aug 19 (IANS) Employees of all state-run banks will strike work Wednesday to protest against privatisation and merger of public sector banks. The All India Bank Employees Association (AIBEA), the ... Read more...

Posted in Business |

Double-digit inflation influenced by global factors: PM (Lead)


July 15th, 2008 - 7:47 pm ICT by IANS
New Delhi, July 15 (IANS) Global factors are behind India's current bout of inflation, Prime Minister Manmohan Singh said Tuesday, a week before his government seeks a vote of trust in parliament. ... Read more...

Posted in Business |

US stocks decline on fresh financial woes


June 18th, 2008 - 8:35 am ICT by IANS
DPA New York, June 18 (DPA) US stocks were led lower Tuesday by financial firms still struggling with the effects of the ongoing mortgage crisis. Goldman Sachs said banks and lenders may need ... Read more...

Posted in Business |

Citibank launches services for expatriate Indians


April 2nd, 2008 - 8:56 pm ICT by admin
Mumbai, April 2 (IANS) Global financing major Citibank Wednesday launched services for the expatriate communities in India. "This is the first time Citi has launched such an offering for expatriates, Citibank Account ... Read more...

Posted in Business |

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