public sector banks

Cabinet releases Rs.10,091 crore for crop loan subsidies


September 6th, 2012 - 10:11 pm ICT by IANS
New Delhi, Sep 6 (IANS) To ease the burden on farmers specially in drought-hit areas, the cabinet Thursday decided to release Rs.10,901 crore to banks as interest subvention for ... Read more...

Posted in Business |

Cabinet nod for continuing farmers’ loan scheme


September 6th, 2012 - 9:39 pm ICT by IANS
New Delhi, Sep 6 (IANS) The government Thursday approved a proposal to continue interest subvention to public sector banks (PSBs), regional rural banks (RRBs), cooperatives banks and NABARD to ... Read more...

Posted in Business |

Public sector banks to disburse Rs.6 lakh crore farm loans: Chidambaram


August 25th, 2012 - 11:53 pm ICT by IANS
Karaikudi (Tamil Nadu), Aug 25 (IANS) Government-owned banks have a target to disburse agriculturale loan to the tune of Rs.600,000 crore during the current fiscal - Rs.25,000 crore higher than ... Read more...

Posted in Politics |

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 |

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 |

Banking services hit in northeast India


August 22nd, 2012 - 6:07 pm ICT by IANS
Agartala/Guwahati, Aug 22 (IANS) Banking services were badly hit in the northeastern region Wednesday as most of the public sector banks were closed responding to a two-day nationwide strike call ... 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 |

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 |

Reliance Life Insurance in talk with banks for tie-up


August 19th, 2012 - 5:52 pm ICT by IANS
Bangkok, Aug 19 (IANS) The Reliance Life Insurance Company, a unit of the Anil Ambani-led Reliance Capital, is in talks with several public and private sector banks to utilise ... Read more...

Posted in Business |

Lower EMIs for consumer durables, Chidambaram tells PSBs (Lead)


August 18th, 2012 - 8:00 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday called for increased consumer spending as a booster shot to the sagging economy and asked bankers to lower EMIs ... Read more...

Posted in Business |

Education loan is a right of every student: Chidambaram


August 18th, 2012 - 7:45 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said an education loan is a right of every student and the officials with the public sector banks (PSBs) ... 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 |

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 |

Problems will be resolved once investment is revived: FM


August 18th, 2012 - 4:29 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said most of the country's economic problems will be solved once investment is revived."Reviving investments is a key challenge ... Read more...

Posted in Business |

Textile firms’ loans of Rs.35,000 crore to be restructured


August 8th, 2012 - 9:23 pm ICT by IANS
New Delhi, Aug 8 (IANS) The government has directed public sector banks to restructure loans worth Rs.35,000 crore to textiles firms, which are facing financial problem, Minister of State for ... Read more...

Posted in Business |

Sensex falls from day’s high, up 199 points (Roundup)


July 27th, 2012 - 6:55 pm ICT by IANS
Mumbai, July 27 (IANS) A benchmark index of Indian equities markets closed 199 points up Friday, coming off the day's high of 335 points during the day.The 30-scrip ... 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 |

Corporation Bank needs Rs.16 bn to meet Basel III norms


July 18th, 2012 - 6:08 pm ICT by IANS
Kolkata, July 18 (IANS) Public sector Corporation Bank will require capital infusion of Rs.16 billion to meet Basel III capital adequacy norms for 2013-14, Chairman and Managing Director Ajai Kumar ... Read more...

Posted in Uncategorized |

Railway stations to have coin vending machines by August


July 13th, 2012 - 7:53 pm ICT by IANS
New Delhi, July 13 (IANS) The next time you are short of change while booking a train ticket, help could be nearby.The railways Friday said it has decided to ... Read more...

Posted in Business |

Micro finance institutions: RBI concerned on monitoring deficiences


July 5th, 2012 - 5:43 am ICT by IANS
Chennai, July 4 (IANS) The Reserve Bank of India (RBI) is the regulator for micro finance institutions (MFIs) but there are concerns over whether it has the wherewithal to do ... Read more...

Posted in Business |

Pranab asks banks to reduce non-performing assets


June 12th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks to reduce non-performing assets (NPAs) for the financial health of the sector."I am happy that banks have ... Read more...

Posted in Business |

Need to take measures, says Pranab on poor IIP data (Roundup)


June 12th, 2012 - 8:39 pm ICT by IANS
New Delhi, June 12 (IANS) India's industrial output grew by a meagre 0.1 percent in April due to a contraction in capital goods and dip in manufacturing and mining ... Read more...

Posted in Business |

IIP data dissapoints Pranab, says government committed to reforms


June 12th, 2012 - 4:02 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday said that he was disappointed with the industrial output data but asserted that the government was committed to kickstarting ... Read more...

Posted in Business |

Sensex bounces back, closes 112 points up (Lead)


May 15th, 2012 - 7:38 pm ICT by IANS
Mumbai, May 15 (IANS) After falling in five consecutive sessions, a benchmark index for Indian equities market returned to the positive terrain Tuesday, closing over 112 points up as ... Read more...

Posted in Business |

IOB mulls new core banking solution on Oracle platform


May 5th, 2012 - 8:58 pm ICT by IANS
Chennai, May 5 (IANS) Government-owned Indian Overseas Bank (IOB) will soon migrate to a new core banking solution (CBS) built on Oracle platform from its own CBS, a senior bank ... Read more...

Posted in Uncategorized |

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 |

Nabard’s Rs.15 bn fund to help women’s self-help groups


April 14th, 2012 - 9:37 pm ICT by IANS
Mumbai, April 14 (IANS) The National Bank for Agriculture & Rural Development (Nabard) will create a Rs.15 billion fund to cater to women's Self-Help Groups in economically weaker districts in ... Read more...

Posted in Business |

Budget highlights 8


March 16th, 2012 - 4:12 pm ICT by IANS
* Cinema industry exempted from service tax.* Service tax rate raised from 10 percent to 12 percent to bring in Rs.18,660 crore.* Excise duty raised from 10 to 12 percent.* ... Read more...

Posted in Business |

Budget highlights 7


March 16th, 2012 - 2:04 pm ICT by IANS
* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from ... Read more...

Posted in Business |

Budget highlights 4


March 16th, 2012 - 1:15 pm ICT by IANS
* Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.* Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private ... Read more...

Posted in Uncategorized |

Firewalls needed between banks and insurance firms: Survey


March 15th, 2012 - 6:22 pm ICT by IANS
Chennai, March 15 (IANS) The Economic Survey tabled in parliament Thursday voiced concern about the growing linkages between the banking and insurance sectors and said firewalls should be built between ... Read more...

Posted in Business |

‘Government banks lending to key sectors up 19 percent’


March 15th, 2012 - 5:11 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday reported an increase of 19 percent in key lending sectors ... Read more...

Posted in Business |

Develop human resources to stay relevant: Mukherjee urges state-owned banks


March 11th, 2012 - 8:06 pm ICT by IANS
Gurgaon, March 11 (IANS) State-owned banks should pay more attention to skill-development and improving customer interface to stay relevant in a hugely competitive sector, Finance Minister Pranab Mukherjee said ... Read more...

Posted in Business |

Public sector banks will get adequate capital: Pranab (Lead)


February 19th, 2012 - 9:28 pm ICT by IANS
Gurgaon, Feb 19 (IANS) The Indian government will provide adequate capital to all the public sector banks to help them face risks arising out the global economic uncertainties, Finance ... Read more...

Posted in Business |

« Previous Entries

Subscribe