926 bank branches to accept advance income tax
August 22nd, 2012 - 8:47 pm ICT by IANS
Mumbai, Aug 22 (IANS) In a bid to make tax filing easier, the Reserve Bank of India (RBI) Wednesday directed 926 branches of public and private sector banks in Mumbai ... Read more...
Posted in Uncategorized |
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 |
Public sector bank’s non-performing assets not alarming: FM
August 18th, 2012 - 5:30 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said non-performing assets (NPAs) of public sector banks (PSBs) have risen marginally in the last fiscal and there ... Read more...
Posted in Business |
Bank account of India’s first president still active
July 4th, 2012 - 2:15 pm ICT by IANS
Patna July 4 (IANS) A public sector bank in the Bihar capital has kept active for nearly 50 years a savings account of India's first president Rajendra Prasad, an official said ... Read more...
Posted in Health Science |
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 |
SKS Microfinance trims loan book by another Rs.354 crore
February 27th, 2012 - 11:20 pm ICT by IANS
Hyderabad, Feb 27 (IANS) SKS Microfinance Limited, India's only listed microfinance institution (MFI), has sold another Rs.354 crore off its loan book to a leading public sector bank, paving the ... Read more...
Posted in Business |
UCO Bank might get capital infusion of Rs.2 billion
February 1st, 2012 - 11:54 pm ICT by IANS
Kolkata, Feb 1 (IANS) City-based UCO Bank Wednesday said it might get capital infusion of Rs.2 billion-odd from the central government for this financial year."We might get some capital from ... 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 |
Bank of India raises interest rates on NRE term deposits
December 29th, 2011 - 6:15 pm ICT by IANS
Mumbai, Dec 29 (IANS) Public Sector Bank of India Thursday said it would raise interest rates on non-resident external (NRE) accounts up to 9 percent from the new year.On ... Read more...
Posted in Business |
Nissan to make diesel engines in India
November 17th, 2011 - 9:35 pm ICT by IANS
Chennai, Nov 17 (IANS) Japanese automobile major Nissan Motor Company will start making diesel engines in India next year in its effort to increase the local content of its ... Read more...
Posted in Business |
SBI eyes more branches in Bangladesh
November 14th, 2011 - 12:13 am ICT by IANS
Kolkata, Nov 13 (IANS) The country's largest public sector bank, State Bank of India (SBI) is going to expand its network of branches in Bangladesh, despite a recent downgrading ... Read more...
Posted in Business |
Inflation an offshoot of policies of developed countries: Pranab
September 7th, 2011 - 4:44 pm ICT by IANS
New Delhi, Sep 7 (IANS) Finance Minister Pranab Mukherjee Wednesday said high inflation in India is caused partly due to the unfavourable policies adopted by the developed countries in ... Read more...
Posted in Business |
IDBI bags best bank award
September 6th, 2011 - 12:33 am ICT by IANS
Mumbai, Sep 5 (IANS) Public sector IDBI Bank was the winner in two categories in Dun & Bradstreet's Polaris Software Banking Awards Monday.It won awards in two categories - the ... Read more...
Posted in Business |
Four convicted for fraud
August 25th, 2011 - 11:26 pm ICT by IANS
New Delhi, Aug 25 (IANS) Four people, including a former assistant general manager of Canara Bank, were sentenced to three years of imprisonment by a CBI court in Bangalore for ... Read more...
Posted in Uncategorized |
Split CEO, chairman posts in banks: RBI governor
August 23rd, 2011 - 2:45 pm ICT by IANS
Mumbai, Aug 23 (IANS) The posts of chairman and chief executive officer (CEO) of public sector banks should be bifurcated to ensure effective checks and balances, Reserve Bank of India ... Read more...
Posted in Business |
ATM with Rs.7.60 lakh hijacked in Pune
July 5th, 2011 - 3:52 pm ICT by IANS
Pune, July 5 (IANS) Unidentified criminals decamped with an ATM of a public-sector bank with an estimated Rs.7.60 lakh in it, an official said Tuesday.The incident occurred in a commercial-cum-residential ... Read more...
Posted in Uncategorized |
Corporation Bank to soon operate in Africa
May 19th, 2011 - 5:37 pm ICT by IANS
Panaji, May 19 (IANS) The Mangalore-based Corporation Bank will soon be setting foot on African shores in its bid to expand its operations globally, a top bank official said Thursday.Addressing ... 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 |
Five held for bank frauds in Delhi
March 11th, 2011 - 10:49 pm ICT by IANS
New Delhi, March 11 (IANS) Five people were arrested here for allegedly obtaining loans using fake documents and cheating banks for crores of rupees, police said Friday.Kingpin Jitesh Keshwani, Manish ... Read more...
Posted in Uncategorized |
SBI, Airtel form Rs.100 crore mobile banking venture
January 12th, 2011 - 5:05 pm ICT by IANS
New Delhi, Jan 12 (IANS) India's largest public sector bank State Bank of India (SBI) Wednesday entered into a joint venture with telecom giant Bharti Airtel to deliver banking services to ... Read more...
Posted in Business |
Apex court reserves verdict on monitoring spectrum probe (Second Lead)
December 8th, 2010 - 9:16 pm ICT by IANS
New Delhi, Dec 8 (IANS) The Supreme Court Wednesday reserved its verdict on a petition seeking its monitoring of the Central Bureau of Investigation (CBI) probe into the 2G spectrum controversy.The petition ... Read more...
Posted in Business |
Indian innovator’s amphibious vehicle gathers dust
November 30th, 2010 - 11:10 am ICT by IANS
By Sanu George
Thiruvananthapuram, Nov 30 (IANS) Three years ago a Kerala mechanic hit the headlines for creating an amphibious vehicle. But today he is a broken man, having invested all his savings ... Read more...
Posted in Sci-Tech |
United Bank of India Q2 net profit up 30.9 percent
October 25th, 2010 - 8:06 pm ICT by IANS
Kolkata, Oct 25 (IANS) Public sector bank United Bank of India (UBI) posted a net profit of Rs.109.74 crore for the second quarter (July-September) of the current fiscal (2010-11), which is up ... Read more...
Posted in Business |
Allahabad Bank Q2 net up 20.68 percent
October 21st, 2010 - 8:32 pm ICT by IANS
Kolkata, Oct 21 (IANS) City-based Allahabad Bank has posted a net profit of Rs.402.57 crore for the second quarter as against Rs.333.59 crore in the corresponding period last fiscal, recording a growth ... Read more...
Posted in Business |
SBI employees rank lowest in bringing business: RBI rankings
September 26th, 2010 - 5:02 pm ICT by IANS
Mumbai, Sep 26 (IANS) Employee productivity is the lowest at the State Bank of India (SBI), the largest lender in India, according to statistics laid out in a Reserve Bank ... Read more...
Posted in Business |
Welfare of child paramount in deciding custody: Apex court
September 14th, 2010 - 11:05 pm ICT by IANS
New Delhi, Sep 14 (IANS) The Supreme Court Tuesday held that the "welfare of the minor" and not the statutory rights of the parents or the relatives was paramount in deciding the ... Read more...
Posted in Uncategorized |
Curfew in parts of violence-hit Hisar, army help sought (Lead)
September 14th, 2010 - 6:49 pm ICT by IANS
Hisar (Haryana), Sep 14 (IANS) Curfew was imposed in many areas in Haryana's Hisar district Tuesday after members of the Jat community seeking reservation in government jobs and educational institutions went on ... Read more...
Posted in Politics |
Curfew in Hisar, army help sought as violence intensifies
September 14th, 2010 - 2:21 pm ICT by IANS
Hisar (Haryana), Sep 14 (IANS) Curfew was imposed in several parts of Haryana's Hisar district Tuesday after Jat community members seeking reservation in government jobs and educational institutions went on the rampage, ... Read more...
Posted in Politics |
Bank of India’s loans to aviation sector under Rs.4,000 crore
September 8th, 2010 - 7:27 pm ICT by IANS
New Delhi, Sep 8 (IANS) Public sector Bank of India Wednesday said its loan exposure to the civil aviation sector does not exceed Rs.4,000 crore.
The bank's Executive Director, M. Narendra, gave ... Read more...
Posted in Business |
Improve pay at public sector banks: Subbarao
September 7th, 2010 - 7:56 pm ICT by IANS
Mumbai, Sep 7 (IANS) India's central bank governor Tuesday said pay packages at state-run banks need to be revamped and brought at par with their private sector peers if they are to ... Read more...
Posted in Business |
Bank employees to strike on Sept 7 over private banks getting new licences
August 31st, 2010 - 12:36 pm ICT by ANI
Mumbai, Aug 31 (ANI): Public sector bank employees will go on a nation-wide strike on September 7 in protest over granting of new licences to private sector banks.The employees are also demanding ... Read more...
Posted in National |
IDBI best public sector bank for SME financing: D&B
August 27th, 2010 - 4:05 pm ICT by IANS
Mumbai, Aug 27 (IANS) IDBI Bank has received the best public sector bank award for financing small and medium enterprises (SMEs) from global business information provider Dun and Bradstreet (D&B)."IDBI Bank has ... Read more...
Posted in Business |
UCO Bank raises prime lending rate by 25 basis points
August 9th, 2010 - 8:41 pm ICT by IANS
Kolkata, Aug 9 (IANS) City-based public sector bank UCO Bank raised its Benchmark Prime Lending Rate (BPLR) by 25 basis points to 12.50 percent from Monday (Aug 9).
The bank has increased the ... Read more...
Posted in Business |
‘Courts can move against state for acts against public good’
August 3rd, 2010 - 10:09 pm ICT by IANS
New Delhi, Aug 3 (IANS) Higher courts have the power to issue writ to the state if its acts are contrary to the public good, the Supreme Court has ruled, while holding ... Read more...
Posted in Business |
Bill lowering government stakes in SBI passed by Lok Sabha
August 2nd, 2010 - 9:45 pm ICT by IANS
New Delhi, Aug 2 (IANS) The Lok Sabha Monday passed a bill allowing the government to lower its holding in the State Bank of India (SBI) to 51 per cent and ... Read more...
Posted in Business |