banking operations

Bank strike hits customer services in Karnataka


August 23rd, 2012 - 6:20 pm ICT by IANS
Bangalore, Aug 23 (IANS) Customer services in both state-run and private banks across Karnataka were severely affected for the second consecutive day Thursday as thousands of their employees and ... Read more...

Posted in Business |

Bank strike hits financial sector in India (Roundup)


August 22nd, 2012 - 7:13 pm ICT by IANS
New Delhi, Aug 22 (IANS) Banking transactions across India were severely affected Wednesday as employees of most public sector banks and some private and foreign banks went on a two-day ... Read more...

Posted in Business |

Strike cripples banking operations in Karnataka


August 22nd, 2012 - 5:27 pm ICT by IANS
Bangalore, Aug 22 (IANS) Thousands of employees and officers of state-run and old generation private banks went on a two-day strike Wednesday, crippling banking operations across Karnataka in support ... Read more...

Posted in Business |

Festivals, protests and strikes - it’s ‘holiday season’ in Kerala


August 20th, 2012 - 5:32 pm ICT by IANS
Thiruvananthapuram, Aug 20 (IANS) With festivals, strikes and protests lined up for the next two weeks in Kerala, the 'holiday season' has begun in the state.Beginning Saturday, a three-day ... Read more...

Posted in Business |

Two-day bank strike from Wednesday


August 20th, 2012 - 4:15 pm ICT by IANS
Mumbai, Aug 20 (IANS) All business and commercial activities across the country are likely to be crippled as the entire banking industry employees would go on a two-day strike starting ... Read more...

Posted in Business |

No impact of rupee slide on banks: SBI chief


May 28th, 2012 - 9:59 pm ICT by IANS
Bangalore, May 28 (IANS) The rupee's slide against the dollar had no impact on Indian banking operations though profitability of importers would be affected, State Bank of India (SBI) ... Read more...

Posted in Business |

Belgium bank to deploy Infosys software product


March 24th, 2012 - 6:13 pm ICT by IANS
Bangalore, March 24 (IANS) Leading European bank ING Belgium selected Infosys' software product Finacle to transform its core banking operations, the Indian IT bellwether said Saturday."Our flagship product will enhance ... Read more...

Posted in Sci-Tech |

Banking sector bears brunt of strike


February 28th, 2012 - 4:22 pm ICT by IANS
New Delhi/Mumbai, Feb 28 (IANS) State-owned banks were the worst hit Tuesday as nearly eight lakh government employees went on a nationwide strike called by 11 major trade unions, ... Read more...

Posted in Uncategorized |

Banks to be held responsible for fake notes in ATMs


January 27th, 2012 - 8:50 pm ICT by IANS
Chennai, Jan 27 (IANS) Banks are responsible for any fake notes dispensed by their automatic teller machines (ATMs) and should compensate customers for the loss when fraudsters withdraw money from ... Read more...

Posted in Business |

RBI to act against banks not beefing up cyber security


January 27th, 2012 - 7:41 pm ICT by IANS
Chennai, Jan 27 (IANS) The Reserve Bank of India (RBI) will act against banks that do not implement its guidelines on electronic security of their transactions and operations by October ... Read more...

Posted in Sci-Tech |

Standard Chartered’s BPO to prune vendors, save $7 mn


January 19th, 2012 - 7:13 pm ICT by IANS
Chennai, Jan 19 (IANS) Standard Chartered Bank's wholly-owned subsidiary Scope International Pvt Ltd hopes to save $7 million per year by pruning its IT vendor base to three or four ... Read more...

Posted in Business |

Life limping back after Cyclone Thane’s destruction


December 31st, 2011 - 3:03 pm ICT by IANS
Chennai, Dec 31 (IANS) A day after Cyclone Thane crossed the Tamil Nadu coast, leaving 37 people dead in south India, life was Saturday limping back to normalcy in the ... Read more...

Posted in Uncategorized |

HSBC to cut 25,000 jobs by 2013


August 2nd, 2011 - 9:43 am ICT by IANS
London, Aug 2 (IANS) The HSBC bank will cut about 25,000 jobs globally by 2013 despite its good performance in the first half of this year, Xinhua reported.The bank reported ... Read more...

Posted in Business |

HSBC to cut another 25,000 jobs despite rise in profits


August 2nd, 2011 - 1:09 am ICT by BNO News
LONDON (BNO NEWS) -- Banking giant HSBC announced on Monday that it will eliminate up to 25,000 jobs by 2013 and exit operations in 20 countries as part of a major cost-cutting ... Read more...

Posted in Business |

Kerala observes shutdown to demand endosulfan ban (Lead)


April 29th, 2011 - 9:43 pm ICT by IANS
Thiruvananthapuram, April 29 (IANS) A shutdown across Kerala Friday, called by the ruling Left Front to demand a ban on the pesticide endosulfan, affected normal life in the state as ... Read more...

Posted in Environment |

Indian response to WikiLeaks expose one of the worst: Assange


April 26th, 2011 - 11:51 pm ICT by IANS
New Delhi, April 26 (IANS) WikiLeaks founder Julian Assange has said that the response of the Indian government to the leaked US diplomatic cables was one of the worst ... Read more...

Posted in Politics |

Bank of Baroda to expand operations in New Zealand


April 3rd, 2011 - 12:50 pm ICT by IANS
Hamilton (New Zealand), April 3 (IANS) Bank of Baroda is all set to expand its banking operations in New Zealand, an official said.The bank's first branch was opened in Auckland ... Read more...

Posted in Business |

US-allies plan more sanctions against Iran


December 11th, 2010 - 6:29 pm ICT by ANI
Pyongyang, Dec 11 (ANI): The United States and its allies have planned new sanctions against Iran with an intention to force that country into suspending its production of nuclear fuel, according ... Read more...

Posted in World |

Bank employees in Rajasthan to strike work Monday


June 18th, 2010 - 7:36 pm ICT by IANS
Mumbai, June 18 (IANS) Banking operations in Rajasthan are set to be paralysed Monday with all bank employees threatening to boycott work in support of the three-day strike by Bank of Rajasthan ... Read more...

Posted in Business |

India could reach double digit growth by 2012: Pranab


June 12th, 2010 - 11:59 pm ICT by IANS
Kolkata, June 12 (IANS) India could reach double digit growth in the remaining two years of the 11th Five Year Plan if the present trend of growth continued, Finance Minister Pranab ... Read more...

Posted in Business |

Canada’s top bank acquires Royal Bank of Scotland’s operations


March 2nd, 2010 - 9:37 am ICT by IANS
By Gurmukh Singh Toronto, March 2 (IANS) With Kolkata-born Sabi Marwah as its vice chairman and chief operating officer, Canada's Scotiabank Monday acquired Royal Bank of Scotland's banking operations in Colombia to further ... Read more...

Posted in Business |

Syndicate Bank net plunges 42 percent in Q3


January 30th, 2010 - 10:28 pm ICT by IANS
Bangalore, Jan 30 (IANS) State-run Syndicate Bank reported net profit of Rs.206 crore for the third quarter of fiscal 2009-10 against Rs.356 crore in the same period last year, a dip of ... Read more...

Posted in Business |

Bank staff in nationwide strike but people able to draw money (Lead)


December 16th, 2009 - 3:43 pm ICT by IANS
New Delhi, Dec 16 (IANS) Banking operations across the country were affected Wednesday, as an estimated 450,000 workers of state-run and private banks proceeded on a day-long strike, although people were able ... Read more...

Posted in Business |

Bank-strike disturbs services all over the country


December 16th, 2009 - 1:58 pm ICT by ANI
New Delhi, Dec 16 (ANI): Dissenting the proposed merger of the State Bank of Indore with its parent State Bank of India (SBI), the bank employess have gone on a one-day ... Read more...

Posted in Business |

Vatican bank accused of money laundering: Report


December 4th, 2009 - 1:05 pm ICT by IANS
Rome, Dec 4 (IANS/AKI) The Vatican bank is under investigation for suspected money laundering via accounts held at one of Italy's largest banks, the UniCredit Group, according to the Italian investigative weekly ... Read more...

Posted in World |

South African finance firm to open branch in Mumbai


October 29th, 2009 - 8:57 pm ICT by IANS
New Delhi, Oct 29 (IANS) FirstRand, one of South Africa's largest insurance, banking and financial companies, will soon open its first Indian branch in Mumbai to promote linkages between African and Indian ... Read more...

Posted in Business |

Bank strike hits individuals, corporates alike (Lead)


August 7th, 2009 - 5:06 pm ICT by IANS
New Delhi, Aug 7 (IANS) A strike by over a million employees of 25 state-run banks hit both individual and corporate customers Friday, the second day of the two-day strike over wages ... Read more...

Posted in Business |

Banker’s strike enters second day, operations affected


August 7th, 2009 - 3:34 pm ICT by ANI
New Delhi, Aug 7 (ANI): Normal-banking operations continued to be affected by a public sector banks employee's strike on Friday.Cheque clearings were hit badly on Thursday and ATM may go dry ... Read more...

Posted in National |

2 day bank strike from today


August 6th, 2009 - 3:25 pm ICT by IBNS
New Delhi, Aug 6 (IBNS) Employees of public sector banks across the country are striking work for two days from Thursday to push for wage hike, among other demands."We are on strike ... Read more...

Posted in Business |

Apex court ticks off government on black money issue


May 4th, 2009 - 8:26 pm ICT by IANS
New Delhi, May 4 (IANS) The Supreme Court Monday censured the union government for its failure to prosecute Pune businessman Hasan Ali Khan under the Money Laundering Act for stashing a huge ... Read more...

Posted in Politics |

`I would die and go to hell if it’s a Ponzi scheme,’ says Texan cricket moghul Stanford


April 7th, 2009 - 1:12 pm ICT by ANI
Washington, Apr.7 (ANI): Texan billionaire Allen Stanford has denied any wrongdoing in connection with a 9.2-billion dollar fraud, and said he "would die and go to hell if it's a Ponzi scheme." ... Read more...

Posted in Sports |

Punjab National Bank’s services now ‘anywhere, anytime’


February 5th, 2009 - 5:59 pm ICT by IANS
New Delhi, Feb 5 (IANS) State-run Punjab National Bank Thursday said it has implemented its core banking delivery solution across all its 4,604 branches in the country to offer round-the-clock services to ... Read more...

Posted in Uncategorized |

Three Indian banks forge ties to float Malaysian venture


January 30th, 2009 - 7:32 pm ICT by IANS
Chennai, Jan 30 (IANS) Three Indian banks - Indian Overseas Bank (IOB), Bank of Baroda and Andhra Bank - will soon float a Malaysian banking joint venture to take advantage of the ... Read more...

Posted in Uncategorized |

SBI to expand branch network in Bengal Circle


December 27th, 2008 - 11:14 pm ICT by IANS
Kolkata, Dec 27 (IANS) India's largest banker State Bank of India (SBI) will strengthen its network in the Bengal Circle by adding 142 branches by the next financial year, a senior bank ... Read more...

Posted in Uncategorized |

Banks strike enters second day


September 25th, 2008 - 3:37 pm ICT by ANI
New Delhi, Sept 25 (ANI): Banking operations were affected as the strike call given by the employees union demanding settlement of issues like wage revision and termination of job outsourcing in ... Read more...

Posted in National |

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