financial institutions

NABARD registers 24.2 percent loan growth in Bengal


April 4th, 2012 - 4:50 pm ICT by IANS
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the ... Read more...

Posted in Business |

Canada releases new plastic currency


March 27th, 2012 - 2:03 pm ICT by IANS
Ottawa, March 27 (IANS) Canadians will get their first look at a plastic bank note that will replace the paper 50 Canadian dollar bill.The Bank of Canada announced Monday that ... Read more...

Posted in Business |

China to boost economic reform in key industries


March 24th, 2012 - 1:13 am ICT by IANS
Beijing, March 23 (IANS) China will push forward economic reform in key sectors, including energy and railways, the government said.The State Council said that it has approved a reform plan ... Read more...

Posted in Business |

Croatia bans oil import from Iran


March 23rd, 2012 - 9:36 am ICT by IANS
Zagreb, March 23 (IANS) Croatia on Thursday decided to ban oil imports from Iran, and export of crucial equipment and technology to the Iranian petrochemical industry, Xinhua reported.According to a ... Read more...

Posted in Business |

Centre for rural financing institutions to come up in Mumbai


March 21st, 2012 - 8:40 pm ICT by IANS
Mumbai, March 21 (IANS) A Centre for Excellence for Rural Financial Institutions (CERFI) would come up here to help regional rural banks (RRBs) and cooperative banks and other rural financial ... Read more...

Posted in Sci-Tech |

Chinese own 2.95 bn bank cards


March 19th, 2012 - 7:14 pm ICT by IANS
Beijing, March 19 (IANS) Every Chinese had more than two bank cards on average at the end of last year as more people in the world's second-largest economy turn to ... Read more...

Posted in Business |

Fake Indian currency recovered, three held


March 18th, 2012 - 7:37 pm ICT by IANS
Agartala, March 18 (IANS) Tripura Police have arrested two people, both residents of Bihar's Kishanganj district, with fake Indian currency notes while depositing them in a bank here, police said ... Read more...

Posted in Uncategorized |

Iran, India pledge to boost trade ties


March 12th, 2012 - 8:49 am ICT by IANS
Tehran, March 12 (IANS) Iranian and Indian business leaders have pledged to boost trade ties. Currently, the bilateral trade is worth $15 billion and expected to hit $25 billion by ... Read more...

Posted in Business |

India’s growing economy gives good opportunity to boost ties: Iran


March 11th, 2012 - 12:51 am ICT by IANS
Tehran, March 10 (IANS) The chief of Iran's Chamber of Commerce, Industries and Mines Saturday said the Indian economy provides a good opportunity for Iran to cooperate and interact with ... Read more...

Posted in World |

Mamata inaugurates International Financial Hub


March 10th, 2012 - 9:59 pm ICT by IANS
Kolkata, March 10 (IANS) In a bid to attract investments, West Bengal Chief Minister Mamata Banerjee Saturday inaugurated the International Financial Hub at the northern fringes of Kolkata and ... Read more...

Posted in Uncategorized |

BRICS to explore setting up development bank


March 7th, 2012 - 3:50 pm ICT by IANS
New Delhi, March 7 (IANS) The BRICS summit of Brazil, Russia, India, China and South Africa March 29 will explore a slew of new ideas, including a development bank and ... Read more...

Posted in Uncategorized |

Have balance between financial innovation, stability: US


March 6th, 2012 - 12:46 pm ICT by IANS
Washington, March 6 (IANS) Financial sector regulators should push forward reforms to reduce risk and improve transparency, while preserving the best features of markets and the competitiveness of financial institutions, ... Read more...

Posted in Business |

Centre’s nod to electronic warehouse receipts expected


March 2nd, 2012 - 10:13 pm ICT by IANS
Kolkata, March 2 (IANS) The Warehousing Development and Regulatory Authority (WDRA), which regulates warehouses in the country, Friday said it is hopeful of receiving the central government's nod to ... Read more...

Posted in Uncategorized |

‘Plans to convert Goa into Hong Kong an insult’


February 28th, 2012 - 2:25 pm ICT by IANS
Panaji, Feb 28 (IANS) Without taking names, the Catholic church in Goa has lashed out at West Bengal Chief Minister Mamata Banerjee's Trinamool Congress for promising to convert Goa ... Read more...

Posted in Uncategorized |

Trade unions call nationwide strike Tuesday


February 23rd, 2012 - 8:07 pm ICT by IANS
Mumbai, Feb 23 (IANS) All business and commercial activities are likely to be paralysed next Tuesday following a nationwide strike call by 11 trade unions.The strike would involve around 45 ... Read more...

Posted in Business |

Mazda plans $1.25 bn capital increase


February 21st, 2012 - 3:56 pm ICT by IANS
Tokyo, Feb 21 (IANS) Mazda Motor Corp. is mulling an increase of its capital amounting to 100 billion yen (about $1.25 billion) by issuing new shares in an attempt to ... Read more...

Posted in Business |

Chinese banks post record profits


February 19th, 2012 - 2:37 pm ICT by IANS
Beijing, Feb 19 (IANS) Chinese commercial banks have posted a record high net profit of 2.65 trillion yuan ($420.6 billion) in 2011, according to latest official data.Net profit in the ... Read more...

Posted in Uncategorized |

Spanish banks’ bad loans ratio highest since 1994


February 18th, 2012 - 12:43 pm ICT by IANS
Madrid, Feb 18 (IANS/EFE) Spanish banks' ratio of non-performing loans to total loans came in at 7.61 percent last year, the highest percentage since 1994.According to provisional data published Friday ... Read more...

Posted in Uncategorized |

South Korean money supply growth unchanged in December 2011


February 8th, 2012 - 2:37 pm ICT by IANS
Seoul, Feb 8 (IANS) South Korea's money supply growth stayed unchanged in December 2011 year due to a base effect, the central bank said Wednesday.The country's M2, so-called broad money, ... Read more...

Posted in Business |

Obama orders freeze on Iranian property


February 7th, 2012 - 7:34 am ICT by IANS
Washington, Feb 7 (IANS) US President Barack Obama has ordered the freezing of Iran's property under American jurisdiction, including that of the country's central bank, the White House said.The ... Read more...

Posted in Business |

Mamata wants Hong Kong style ‘financial district’ in Goa


February 6th, 2012 - 12:34 pm ICT by IANS
Panaji, Feb 6 (IANS) West Bengal Chief Minister Mamata Banerjee may be opposed to special economic zones (SEZ) as well as foreign investment in civil aviation and retail, but ... Read more...

Posted in Politics |

Iran still undecided on nuclear bomb: US intelligence chief


February 1st, 2012 - 2:26 pm ICT by IANS
Washington, Feb 1 (IANS) The US intelligence chief said Tuesday that Iran is still undecided on whether to make a nuclear bomb though it has the ability."There is dissension ... Read more...

Posted in Uncategorized |

India won’t reduce oil imports from Iran: Mukherjee


January 30th, 2012 - 5:21 pm ICT by IANS
Chicago, Jan 30 (IANS) India cannot do without Iranian oil and will not be cutting imports from that country despite the new US and European sanctions to punish Tehran ... Read more...

Posted in Business |

India wants to keep getting oil from Iran: Pakistani daily


January 30th, 2012 - 12:19 pm ICT by IANS
Islamabad, Jan 30 (IANS) India intends to keep importing oil from Iran and it appears that Indians, and even Chinese, will explore paying Tehran "with gold, the Japanese yen ... Read more...

Posted in South Asia |

US targets Iran’s third largest bank


January 24th, 2012 - 2:40 pm ICT by IANS
Washington, Jan 24 (IANS) The US Monday added Bank Tejarat, Iran's third largest bank, on its blacklist for sanctions, citing its links to the Islamic republic's nuclear bomb efforts.The Department ... Read more...

Posted in Business |

Banks pitch for tax free infra bonds


January 19th, 2012 - 8:31 pm ICT by IANS
New Delhi, Jan 19 (IANS) Commercial banks should be made eligible to issue tax free infrastructure bonds, top executives urged Finance Minister Pranab Mukherjee Thursday, saying this would help ... Read more...

Posted in Business |

Will keep buying Iranian oil, says India


January 17th, 2012 - 11:49 pm ICT by IANS
New Delhi, Jan 17 (IANS) India Tuesday said it will continue buying Iranian oil despite US sanctions and is not about to seek a waiver from Washington."We have accepted sanctions ... Read more...

Posted in Business |

South Korea’s money supply growth unchanged in November 2011


January 12th, 2012 - 2:25 pm ICT by IANS
Seoul, Jan 12 (IANS) South Korea's money supply growth stayed unchanged in November last year, the central bank said Thursday.The country's M2, so-called broad money, expanded 4.4 percent in November ... Read more...

Posted in Business |

Beijing aims to become global financial hub


January 11th, 2012 - 5:48 am ICT by IANS
Beijing, Jan 11 (IANS) The Beijing government has pledged to turn the Chinese capital into a major international financial hub.It will secure more credit supply from the state financial institutes ... Read more...

Posted in Business |

US sanctions on Iran: India keeping all options open


January 7th, 2012 - 9:27 pm ICT by IANS
New Delhi, Jan 7 (IANS) With the US imposing new sanctions on Tehran, New Delhi is keeping "all options open" on approaching the US for waivers on ground that India ... Read more...

Posted in Uncategorized |

New US sanctions against Iran


January 1st, 2012 - 3:22 pm ICT by IANS
Los Angeles, Jan 1 (IANS) US President Barack Obama has signed into law a wide-ranging defence funding bill that also calls for sanctions against financial institutions doing business with ... Read more...

Posted in Politics |

China to curb online phishing


December 30th, 2011 - 1:39 pm ICT by IANS
Beijing, Dec 30 (IANS) China's ten major search engines have agreed to put banks' official homepages at the top of search results in a bid to curb cyber scams, authorities ... Read more...

Posted in Uncategorized |

China’s agriculture-related fiscal spending surges


December 26th, 2011 - 5:11 pm ICT by IANS
Beijing, Dec 26 (IANS) China is stepping up fiscal spending on the development of agriculture as well as on the improvement of farmers' livelihoods, in an effort to bridge gaps ... Read more...

Posted in Uncategorized |

Rely less on foreign credit ratings: Chinese official


December 26th, 2011 - 3:22 pm ICT by IANS
Beijing, Dec 26 (IANS) China's central bank chief Zhou Xiaochuan has called on the country's major financial institutions to enhance their own judgment in making choices and reduce dependence on ... Read more...

Posted in Business |

Tirumala Diary to set up India’s largest diary plant


December 14th, 2011 - 9:36 pm ICT by IANS
Hyderabad, Dec 14 (IANS) Tirumala Diary, one of south India's largest and fastest growing private dairies, plans to set up the country's largest integrated diary plant in Andhra Pradesh with ... Read more...

Posted in Business |

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