banking services

PMO lists inclusive growth achievements


September 17th, 2012 - 11:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) The Prime Minister's office (PMO) has listed 10 major achievements that showcase inclusive growth in the last one decade.Prime Minister Manmohan Singh's official Twitter account ... Read more...

Posted in Business |

Kerala could be hub of financial services: KPMG


September 14th, 2012 - 3:45 pm ICT by IANS
Kochi, Sep 14 (IANS) Narayanan Ramaswamy, partner, KPMG, one of the largest professional services company in the world, Friday said that given Kerala's high literacy rate and availability of ... Read more...

Posted in Business |

Aadhaar used for first time in northeast


September 7th, 2012 - 8:30 pm ICT by IANS
Agartala, Sep 7 (IANS) Aadhaar was used for the first time in the northeastern region Friday with 194 elderly people in Tripura receiving pension on the basis of their new ... Read more...

Posted in Business |

RBI asks people not to invest in illegal finance companies


August 31st, 2012 - 5:47 pm ICT by IANS
Udaipur (Tripura), Aug 31 (IANS) The Reserve Bank of India (RBI) Friday asked people in the northeast not to deposit money in unauthorised non-banking financial companies (NBFCs) and institutions expecting ... Read more...

Posted in Business |

Germany to get first Islamic bank in October


August 30th, 2012 - 7:54 am ICT by IANS
Berlin, Aug 30 (IANS/RIA Novosti) Turkey's Kuveyt Turk investment fund plans to open the first Islamic bank in Germany in October, the Financial Times Deutschland reported.Kuveyt Turk plans to open ... Read more...

Posted in Business |

Banking services hit for second day in India (Lead)


August 23rd, 2012 - 4:12 pm ICT by IANS
New Delhi, Aug 23 (IANS) Banking services were paralysed for a second straight day Thursday as almost one million employees of public and private sector banks struck work protesting against ... Read more...

Posted in Business |

Reliance Capital arm launches mobile-based payment system


August 9th, 2012 - 9:07 pm ICT by IANS
Mumbai, Aug 9 (IANS) Reliance Capital Asset Management (RCAM), a unit of Reliance Capital, Thursday launched a mobile-based service for mutual fund investment in partnership with HSBC.RCAM is the first ... Read more...

Posted in Business |

UBI to extend banking services in 1,612 Bengal villages


July 21st, 2012 - 12:16 am ICT by IANS
Kolkata, July 20 (IANS) State-run United Bank of India (UBI) will extend banking services to 1,612 villages of West Bengal that have a population of more than 2,000 by ... Read more...

Posted in Business |

IFC invests $2.7 million in ATM maker Vortex Engineering


June 25th, 2012 - 8:50 pm ICT by IANS
Chennai, June 25 (IANS) The International Finance Corporation (IFC), a member of the World Bank Group, Monday announced it is investing $2.7 million as equity in the city-based low-cost ATM ... Read more...

Posted in Business |

Bihar paradox: Phones outnumber toilets


April 20th, 2012 - 1:09 pm ICT by IANS
Patna, April 20 (IANS) Nearly 56 percent of families in Bihar have a mobile or landline connection, but about 77 percent of the population lack toilets, says a census report, ... Read more...

Posted in Business |

Aadhaar to pilot financial, banking services in 50 districts


April 18th, 2012 - 6:18 pm ICT by IANS
Agartala, April 18 (IANS) Aadhaar cards, the unique, 12-digit identification numbers given to residents of India, will soon be pressed into financial and banking services, to begin with in 50 ... Read more...

Posted in Sci-Tech |

TRAI issues guidelines for mobile banking services


April 18th, 2012 - 12:30 am ICT by IANS
New Delhi, April 17 (IANS) Releasing its Mobile Banking Regulations 2012, the Telecom Regulatory Authority of India (TRAI) Tuesday said the service providers will have to facilitate banks to use ... Read more...

Posted in Business |

Mobiles ring more than toilets in Himachal


April 1st, 2012 - 12:41 pm ICT by IANS
Shimla, April 1 (IANS) In Himachal Pradesh, connectivity through mobile phones came twice as fast than basic facilities like toilets and latrines.This fact has come to light in the new ... Read more...

Posted in Business |

Strike affects banking services in Punjab, Haryana (Lead)


February 28th, 2012 - 7:08 pm ICT by IANS
Chandigarh, Feb 28 (IANS) Banking services across Punjab and Haryana were affected Tuesday as employees of various nationalised banks joined the nationwide 24-hour strike call given by 11 trade unions ... Read more...

Posted in Business |

RBI cautions investors against illegal finance companies


January 7th, 2012 - 5:53 pm ICT by IANS
Bagmara (Tripura), Jan 7 (IANS) The Reserve Bank of India (RBI) Saturday asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in ... Read more...

Posted in Business |

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 |

Schemes changing situation of minorities: PM


December 29th, 2011 - 7:54 pm ICT by IANS
New Delhi, Dec 29 (IANS) Prime Minister Manmohan Singh Thursday said the central government has launched several schemes based on recommendations of the Sachar Committee and these were bringing ... Read more...

Posted in Uncategorized |

Mukherjee hopes inflation decline will continue (Lead)


December 18th, 2011 - 9:52 pm ICT by IANS
Bangalore, Dec 18 (IANS) Finance Minister Pranab Mukherjee said Sunday he hoped that the declining trend in headline inflation will continue and go down to six to seven percent ... Read more...

Posted in Business |

Step up efforts on financial inclusion: Pranab


December 18th, 2011 - 7:17 pm ICT by IANS
Bangalore, Dec 18 (IANS) Finance Minister Pranab Mukherjee Sunday asked southern states to intensify efforts to expand financial services such as banking and insurance to rural areas."Out of 14,612 ... Read more...

Posted in Business |

Vodafone, HDFC Bank launch mobile banking in Rajasthan


November 26th, 2011 - 8:10 pm ICT by IANS
Chomu (Rajasthanr), Nov 26 (IANS) Leading telecom service provider Vodafone India and private lender HDFC Bank Saturday launched "m-paisa", a mobile banking service in Rajasthan to enable millions of ... Read more...

Posted in Business |

Banking assistants shot at, Rs.3.25 lakh looted in Tripura


November 23rd, 2011 - 3:49 pm ICT by IANS
Agartala, Nov 23 (IANS) Armed criminals fired at and injured two banking business correspondents - who help banks take their services to people's doorstep - and looted from them Rs.3.25 ... Read more...

Posted in Uncategorized |

Banking assistants shot at, Rs.3.25 lakh looted in Tripura


November 23rd, 2011 - 3:49 pm ICT by IANS
Agartala, Nov 23 (IANS) Armed criminals fired at and injured two banking business correspondents - who help banks take their services to people's doorstep - and looted from them Rs.3.25 ... Read more...

Posted in Uncategorized |

Bill for revamping India Post soon: Sibal


October 20th, 2011 - 10:25 pm ICT by IANS
New Delhi, Oct 20 (IANS) A bill for revamping the postal department, which includes opening up some segments to private players, will be introduced in parliament soon, Communications and IT ... Read more...

Posted in Business |

Tripura leads in UID enrolment


September 26th, 2011 - 5:15 pm ICT by IANS
Agartala, Sep 26 (IANS) Tripura leads in enrolments for the the ambitious "Aadhaar" scheme, a 12-digit number being issued by the Unique Identification Authority of India (UIDAI) for all ... Read more...

Posted in Uncategorized |

Bank branches to come up in 43,000 new rural areas


August 22nd, 2011 - 9:18 pm ICT by IANS
New Delhi, Aug 22 (IANS) The government has told banks to open branches in over 43,000 new rural locations during the current financial year that would bring all habitations with ... Read more...

Posted in Uncategorized |

Over 500 Himachal villages to get banks


July 4th, 2011 - 9:02 pm ICT by IANS
Shimla, July 4 (IANS) Various public-sector banks have identified 532 villages in Himachal Pradesh for extension of banking services, an official said Monday."The banks have identified 532 villages in the ... Read more...

Posted in Business |

Pranab asks banks to improve asset quality


June 17th, 2011 - 8:23 pm ICT by IANS
New Delhi, June 17 (IANS) Expressing concern over the rising non-performing assets (NPAs), Finance Minister Pranab Mukherjee Friday asked banks to adopt better risk management practices and improve the ... Read more...

Posted in Business |

Financial inclusion to get more focus: RBI governor


May 18th, 2011 - 10:35 pm ICT by IANS
Agartala, May 18 (IANS) Financial inclusion covering most Indians, fiscal literacy and priority sector lending are at the core of the Reserve Bank of India's mandate, its governor D. Subbarao ... Read more...

Posted in Business |

IOB planning to raise $350 mn through MTNs


May 10th, 2011 - 6:58 pm ICT by IANS
Kolkata, May 10 (IANS) Public sector Indian Overseas Bank (IOB) is planning to raise $350 million through medium term notes (MTNs) in the next three to six months, a top ... Read more...

Posted in Business |

Uddhav Thackeray demands Ajit Pawar’s resignation


May 8th, 2011 - 6:01 pm ICT by IANS
Mumbai, May 8 (IANS) Shiv Sena executive president Uddhav Thackeray Sunday demanded the resignation of Maharashtra Deputy Chief Minister Ajit Pawar after the Reserve Bank of India superseded the ... Read more...

Posted in Politics |

RBI to open more offices in northeast


May 5th, 2011 - 3:28 pm ICT by IANS
Agartala, May 5 (IANS) The Reserve Bank of India (RBI) will set up offices in all northeastern states for better monitoring of banking services in the region, a senior official ... Read more...

Posted in Business |

Reliance Communications launches mobile banking with SBI


April 20th, 2011 - 6:50 pm ICT by IANS
New Delhi, April 20 (IANS) Reliance Communications Wednesday said it has launched mobile banking services for its GSM subscribers in collaboration with the State Bank of India (SBI)."Reliance consumers ... Read more...

Posted in Sci-Tech |

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 |

Banking services to all Indians by next year: RBI


March 26th, 2011 - 5:07 pm ICT by IANS
Agartala, March 26 (IANS) Mainstream banking services would be provided to all unbanked semi-urban, rural and remote areas having population of 2,000 by next year, top Reserve Bank of India ... Read more...

Posted in Business |

Grant more banking licenses, but have strict regime: Economic Survey


February 25th, 2011 - 6:27 pm ICT by IANS
New Delhi, Feb 25 (IANS) India's Economic Survey 2010-11, tabled by Finance Minister Pranab Mukherjee in the Lok Sabha Friday, recommended more banking licences but added that strict regulations must be ... Read more...

Posted in Business |

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