private banks

`Brazil withstanding worst year of global crisis’


August 31st, 2012 - 12:21 pm ICT by IANS
Brasilia, Aug 31 (IANS/EFE) Brazil's finance minister said Thursday that Latin America's largest economy is holding up well amid the "worst year" of the global economic crisis and that its ... Read more...

Posted in Business |

Complaints against private banks decline in Bengal, Sikkim


August 25th, 2012 - 12:13 am ICT by IANS
Kolkata, Aug 24 (IANS) While the number of complaints received by the Office of Banking Ombudsman (OBO) of West Bengal and Sikkim against new private sector and foreign banks have ... Read more...

Posted in Business |

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 |

Banking services in Bengal paralysed for second day


August 23rd, 2012 - 1:03 pm ICT by IANS
Kolkata, Aug 23 (IANS) Banking services in West Bengal remained paralysed for the second consecutive day Thursday, the last day of the two-day nationwide stir called by employees of ... 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 |

Banking activity in Bengal comes to standstill


August 22nd, 2012 - 2:00 pm ICT by IANS
Kolkata, Aug 22 (IANS) Banking activities in West Bengal came to a standstill as most union members joined the two-day nationwide strike from Wednesday to protest against the proposed Banking ... Read more...

Posted in Business |

Banking activities paralysed as strike begins


August 22nd, 2012 - 12:10 pm ICT by IANS
Mumbai, Aug 22 (IANS) Business and commercial activities across India were paralysed Wednesday as employees of public sector and private banks went on a two-day strike to protest proposed amendments ... Read more...

Posted in Business |

Banking activities in Bengal likely to be crippled for two days


August 22nd, 2012 - 1:04 am ICT by IANS
Kolkata, Aug 21 (IANS) Banking activities in West Bengal are likely to be crippled on Wednesday and Thursday as most union members will join the two-day nationwide strike to protest ... Read more...

Posted in Business |

Bank employees to go on strike Aug 22-23


August 21st, 2012 - 8:07 pm ICT by IANS
New Delhi, Aug 21 (IANS) A section of employees of the government-run banks plan to go on two-day country wide strike beginning Wednesday to protest proposed amendments in banking regulation ... Read more...

Posted in Business |

Bihar not to deposit funds in 21 banks


August 21st, 2012 - 6:27 pm ICT by IANS
Patna, Aug 21 (IANS) The Bihar government will not deposit funds in 21 nationalized and private banks for their failure to provide credit to priority sectors like agriculture, ... 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 |

Public sector bank’s non-performing assets not alarming: FM (Roundup)


August 18th, 2012 - 7:20 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday tried to calm the jittery financial sector stating that the rise in non-performing assets (NPAs) of public sector banks ... Read more...

Posted in Business |

Indian banks need to raise Rs.1.75 trillion capital by 2018: RBI


August 4th, 2012 - 5:44 pm ICT by IANS
Hyderabad, Aug 4 (IANS) Reserve Bank of India Governor D. Subbarao Saturday said the Indian banks will have to raise an additional capital of Rs.1.6 trillion to Rs.1.75 trillion ... Read more...

Posted in Business |

Myanmar outlines monetary development master plan


August 3rd, 2012 - 2:18 pm ICT by IANS
Yangon, Aug 3 (IANS) Myanmar has outlined a master plan for monetary development which is to be implemented with the assistance of the World Bank, official media reported Friday.Under the ... Read more...

Posted in Uncategorized |

Karnataka to fund three rail projects


July 6th, 2012 - 10:05 pm ICT by IANS
Bangalore, July 6 (IANS) Karnataka will share 50 percent of the cost of three railway projects in the state with the railway ministry, a minister said Friday."The cabinet has approved ... Read more...

Posted in Business |

SBI waives minimum balance for savings accounts


July 3rd, 2012 - 8:25 pm ICT by IANS
New Delhi, July 3 (IANS) The country's largest lender, State Bank of India (SBI), Tuesday announced that it has done away with the minimum balance requirement for savings ... Read more...

Posted in Business |

Geojit to lure Arab investors to Indian bourses


June 21st, 2012 - 6:23 pm ICT by IANS
Kochi, June 21 (IANS) Financial services company Geojit BNP Paribas Thursday launched its Qualified Foreign Investors (QFI) Investment service to attract cash-rich Arab investors to Indian stock markets.As a qualified ... Read more...

Posted in World |

Fitch revises ratings for 11 Indian financial institutions


June 20th, 2012 - 4:23 pm ICT by IANS
Chennai, June 20 (IANS) Credit rating agency Fitch Ratings Wednesday announced the revision of the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of ... Read more...

Posted in Business |

Myanmar to introduce new 10,000 kyat banknotes


June 8th, 2012 - 12:11 pm ICT by IANS
Yangon, June 8 (IANS) The Central Bank of Myanmar has announced it will put currency notes of 10,000 kyat denomination into circulation June 15. The new 10,000 kyat banknote is ... Read more...

Posted in Business |

Cooperative bank offers 24-hour cash deposit facility


May 10th, 2012 - 4:54 pm ICT by IANS
Panaji, May 10 (IANS) Thane Janata Sahakari Bank (TJSB), a cooperative bank, will soon offer customers the facility to deposit cash 24 hours a day at four branches in Maharashtra ... Read more...

Posted in Business |

Cabinet okays banking laws amendment bill


April 26th, 2012 - 9:52 pm ICT by IANS
New Delhi, April 26 (IANS) The cabinet Thursday okayed the Banking Laws (Amendment) Bill seeking to raise voting rights ceilings in private banks.The cabinet chaired by Prime Minister Manmohan ... Read more...

Posted in Business |

Mexican oil giant sells $327 mn in bonds


March 14th, 2012 - 11:41 am ICT by IANS
Mexico City, March 14 (IANS/EFE) State-owned oil giant Petroleos Mexicanos said it sold 300 million Swiss francs ($327 million) worth of bonds on the international market.The seven-year bonds, which carry ... Read more...

Posted in Business |

Will not close down Kingfisher due to losses: Ajit Singh


February 29th, 2012 - 7:44 pm ICT by IANS
New Delhi, Feb 29 (IANS) Civil Aviation Minister Ajit Singh Wednesday discounted the possibility of Kingfisher Airlines closing down due to its inability to raise fresh funds and mitigate losses."You ... Read more...

Posted in Business |

Reliance raises $1 billion through overseas bond issue


February 10th, 2012 - 6:56 pm ICT by IANS
Mumbai, Feb 10 (IANS) Mukesh Ambani-led Reliance Industries Friday said its subsidiary, Reliance Holding USA, has issued bonds worth $1 billion to be used as capital expenditure."We are delighted to ... Read more...

Posted in Business |

IMF approves another bailout tranche for Greece


December 6th, 2011 - 4:03 pm ICT by IANS
Moscow, Dec 6 (IANS/RIA Novosti) The International Monetary Fund has approved a 2.2-billion euro ($2.9 billion) instalment of international financial aid to keep the Greek economy afloat, the global financial ... Read more...

Posted in Business |

Mexico’s 2011 growth outlook improves


December 2nd, 2011 - 12:18 pm ICT by IANS
Mexico City, Dec 2 (IANS/EFE) Analysts have raised their growth outlook for the Mexican economy, the central bank said Thursday.According to Banco de Mexico's November survey of financial service firms, ... Read more...

Posted in Business |

Six men held for cheating on pretext of giving loans


November 18th, 2011 - 12:47 am ICT by IANS
New Delhi, Nov 17 (IANS) Six men were arrested for cheating various people on the pretext of providing them credit cards, cheap loans and placement in a gigolo club, police ... Read more...

Posted in Uncategorized |

‘Occupy Dalal Street Movement’ protestors detained


November 4th, 2011 - 9:22 pm ICT by IANS
Mumbai, Nov 4 (IANS) At least 29 people were detained Friday as they gathered on Dalal Street - where the country's premier bourse, the Bombay Stock Exchange is located - ... Read more...

Posted in Business |

‘Occupy Dalal Street’ protest Friday


November 1st, 2011 - 10:11 pm ICT by IANS
Mumbai, Nov 1 (IANS) Bank employees here will protest Friday on the Dalal Street - where the country's premier bourse, the Bombay Stock Exchange, is located - following New York's ... Read more...

Posted in Entertainment |

India’s banking operations hit by nationwide staff strike (Roundup)


August 5th, 2011 - 6:22 pm ICT by IANS
Mumbai, Aug 5 (IANS) Majority of banking transactions across India were hit Friday with some one million staff striking work to protest proposals to divest government stake in these ... Read more...

Posted in Business |

Staff strike hits banks operations in Karnataka


August 5th, 2011 - 2:38 pm ICT by IANS
Bangalore, Aug 5 (IANS) State-run banks remained shut across Karnataka Friday as thousands of employees began a daylong strike against privatisation and entry of foreign direct investment (FDI) in the ... Read more...

Posted in Business |

India’s banking industry hit by nationwide staff strike


August 5th, 2011 - 12:01 pm ICT by IANS
Chennai/New Delhi, Aug 5 (IANS) Majority of banking transactions across India were hit Friday as some one million staff struck work to protest proposals to divest government stake in state-run ... Read more...

Posted in Business |

Pranab to review banks’ performance


July 7th, 2011 - 5:20 pm ICT by IANS
New Delhi, July 7 (IANS) Finance Minister Pranab Mukherjee will meet chief executives of public sector banks and financial institutions Friday to review their annual performance, a statement said.The ... Read more...

Posted in Business |

Pay commercial taxes online in Karnataka


May 12th, 2011 - 9:31 pm ICT by IANS
Bangalore, May 12 (IANS) The Karnataka government, in association with the Reserve Bank of India (RBI), Thursday unveiled an electronic payment (e-payment) and reconciliation system for commercial tax payers ... Read more...

Posted in Business |

« Previous Entries

Subscribe