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Central Bank plans JV or subsidiary to enter Mozambique


August 10th, 2012 - 8:14 pm ICT by IANS
Kolkata, Aug 10 (IANS) State-run Central Bank of India is planning to form a joint venture with the Punjab National Bank (PNB) or set up a wholly-owned subsidiary to enter ... Read more...

Posted in World |

Japanese firm to re-enter Sri Lanka


July 25th, 2012 - 4:36 pm ICT by IANS
Colombo, July 25 (IANS) Japanese conglomerate and Fortune 500's Sumitomo Corporation is returning to post-war Sri Lanka, authorities said Wednesday.Sumitomo is considered as one the largest trading houses in Japan, ... Read more...

Posted in Business |

Abu Dhabi’s national bank opens office in China


June 14th, 2012 - 10:56 pm ICT by IANS
Shanghai, June 14 (IANS/WAM) The National Bank of Abu Dhabi (NBAD) has opened its Shanghai Representative Office in China.NBAD has further expansion plans including Lebanon, Iraq, India, South Sudan and ... Read more...

Posted in World |

Allahabad Bank targets 21 percent growth this fiscal


June 14th, 2012 - 6:53 pm ICT by IANS
Kolkata, June 14 (IANS) Public sector lender Allahabad Bank Thursday said it has targeted a business growth of 21.39 percent, and a business level of around Rs.3,300 billion by end ... Read more...

Posted in Uncategorized |

Iran, IAEA to hold talks in May


April 28th, 2012 - 7:34 pm ICT by IANS
Tehran, April 28 (IANS) Iran's permanent representative to the International Atomic Energy Agency (IAEA) has said Tehran and the UN nuclear watchdog have agreed to hold a new round of ... Read more...

Posted in World |

Kerala’s Federal Bank to open two more offices abroad


March 9th, 2012 - 9:22 pm ICT by IANS
Thiruvananthapuram, March 9 (IANS) Kerala-headquartered Federal Bank, which currently has just one representative office outside the country in Abu Dhabi, is working to open two more, according to a top ... Read more...

Posted in Uncategorized |

Spain’s CaixaBank ventures into India


November 9th, 2011 - 5:37 pm ICT by IANS
New Delhi, Nov 9 (IANS) One of the largest banks in the Eurozone, CaixaBank, Wednesday announced it would be setting up a representative office in India to help Spanish companies ... Read more...

Posted in Business |

No ‘direct contact’ with US : Iran


October 15th, 2011 - 7:55 am ICT by IANS
Tehran, Oct 15 (IANS) Iran has denied the US claim of having direct contact with it over the alleged plot to assassinate the Saudi ambassador to Washington, Xinhua reported."No ... Read more...

Posted in Uncategorized |

PNB mulls Rs.100 crore investment in proposed arm


July 6th, 2011 - 9:38 pm ICT by IANS
Chennai, July 6 (IANS) The public sector Punjab National Bank (PNB) Wednesday said it is planning to invest around Rs.100 crore in its proposed Canadian subsidiary that is awaiting regulatory ... Read more...

Posted in Business |

Allahabad Bank eyes business growth of 24 percent (Lead)


June 10th, 2011 - 5:22 pm ICT by IANS
Kolkata, June 10 (IANS) The state-run Allahabad Bank has targeted a business growth of 24 percent during the current 2011-12 financial year, a top bank official said here Friday.The ... Read more...

Posted in Business |

Allahabad Bank eyes business growth of 24 percent


June 10th, 2011 - 3:01 pm ICT by IANS
Kolkata, June 10 (IANS) The state-run Allahabad Bank has targeted a business growth of 24 percent during the current financial year 2011-12, a top bank official said here Friday.The bank ... Read more...

Posted in Business |

NATO extends mission in Libya


June 1st, 2011 - 8:10 pm ICT by IANS
Moscow, June 1 (IANS/RIA Novosti) The North Atlantic Treaty Organisation will continue its military campaign in Libya until at least September, NATO Secretary General Andres Fogh Rasmussen said Wednesday."We are ... Read more...

Posted in World |

NATO campaign aimed at ousting Gaddafi - Russian NATO envoy


May 25th, 2011 - 4:38 am ICT by IANS
Moscow, May 25 (IANS/RIA Novosti) NATO operations in Libya are only aimed at bringing down the Gaddafi regime, Russian ambassador to NATO Dmitry Rogozin said Tuesday.NATO forces are leading a ... Read more...

Posted in World |

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 |

Africa looks at India with pride: Former Ghana president


May 17th, 2011 - 2:27 pm ICT by IANS
Accra (Ghana), May 17 (IANS) African countries need to look at India "with pride because of what it has been able to achieve with its can do spirit", Ghana's ... Read more...

Posted in Business |

NRI deposits in State Bank of Travancore up


April 30th, 2011 - 5:46 pm ICT by IANS
Thiruvananthapuram, April 30 (IANS) After showing negative growth in 2009-10, non-resident Indian (NRI) deposits in Kerala's State Bank of Travancore (SBT) registered positive growth in the last fiscal, an ... Read more...

Posted in Uncategorized |

US wants HSBC to reveal American tax dodgers in India


April 8th, 2011 - 12:35 pm ICT by IANS
Washington, April 8 (IANS) The US government has sought permission from a federal court to ask for information from HSBC about Americans who may be hiding money in offshore accounts ... Read more...

Posted in Uncategorized |

U.S. government seeks names of U.S. residents with HSBC India bank accounts to avoid taxes


April 8th, 2011 - 12:29 am ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- The United States is seeking an order from a federal court in San Francisco authorizing the Internal Revenue Service (IRS) to request information from HSBC Bank USA ... Read more...

Posted in World News |

India, Russia ink 19 business deals, explore trade pact


December 21st, 2010 - 9:38 pm ICT by IANS
New Delhi, Dec 21 (IANS) Seeking to put innovation and business at the centre of a partnership that has remained mostly defence-centric and setting a bilateral trade target of $20 billion ... Read more...

Posted in Business |

Indian Bank to open branches in Sri Lanka, Hong Kong


September 29th, 2010 - 6:56 pm ICT by IANS
Chennai, Sep 29 (IANS) Public sector Indian Bank is all set to open a branch in Jaffna, Sri Lanka, in the next two months, said a top bank official. "Regulatory clearances for ... Read more...

Posted in Business |

Taiwan raises travel alert for India following shooting


September 22nd, 2010 - 8:23 am ICT by IANS
Taipei, Sep 22 (DPA) Taiwan raised the travel alert for India late Tuesday, following Sunday's shooting in New Delhi which left two Taiwanese injured. The alert was raised from yellow to orange, the ... Read more...

Posted in World |

New Delhi shooting won’t stop Taiwanese from visiting India


September 20th, 2010 - 3:21 pm ICT by IANS
Taipei, Sep 20 (DPA) Taiwan media gave wide coverage Monday to the incident in New Delhi in which two members of a Taiwanese film crew were shot, but some people said the ... Read more...

Posted in World |

Duncan Lawrie starts operations in India


April 13th, 2010 - 6:28 pm ICT by IANS
Kolkata, April 13 (IANS) The UK-based private bank, Duncan Lawrie, began its operations in India Tuesday opening an office here. "Our representative office in Kolkata would be marketing portfolio management services and ... Read more...

Posted in Business |

Punjab National Bank gets nod for IT subsidiary


March 15th, 2010 - 12:01 pm ICT by IANS
By Sakshi Gulati New Delhi, March 15 (IANS) The state-run Punjab National Bank (PNB), India's third-largest lending institution, will soon set up an IT susidiary to provide technology-related assistance to the country's ... Read more...

Posted in Business |

Malaysian Indian Congress to boost links with Congress Party


February 20th, 2010 - 1:34 pm ICT by ANI
Kuala Lumpur, Feb.20 (ANI): The Malaysian Indian Congress (MIC) is planning to form strategic alliances with political parties abroad, including India's ruling Congress Party, MIC Youth adviser S. Vell Paari said. ... Read more...

Posted in South Asia |

United Bank gets SEBI nod for independent directors’ appointment


February 19th, 2010 - 6:13 pm ICT by IANS
Kolkata, Feb 19 (IANS) Public sector United Bank of India (UBI) has received exemption from the Securities and Exchange Board of India (SEBI) for appointment of independent directors before its initial public ... Read more...

Posted in Business |

ICRA forms joint venture in Nepal


November 16th, 2009 - 5:27 pm ICT by IANS
Kolkata, Nov 16 (IANS) Credit rating agency ICRA Monday signed a pact with Himalayan Infrastructure Fund Ltd of Nepal to set up a joint venture to replicate its rating businesses in that ... Read more...

Posted in Business |

Taiwan asks Dalai Lama to keep politics out of his visit


September 2nd, 2009 - 12:25 pm ICT by IANS
Taipei, Sep 2 (DPA) Authorities in Taiwan attempted Wednesday to play down the visit of the Dalai Lama, cancelling a public prayer meeting and hoping to avoid the Chinese government's wrath. "From Wednesday ... Read more...

Posted in World |

Taiwan approves Dalai Lama visit


August 27th, 2009 - 11:06 am ICT by IANS
Taipei, Aug 27 (DPA) Taiwan President Ma Ying-jeou said Thursday that Taipei has approved a visit of the Dalai Lama to Taiwan to comfort the survivors of Typhoon Morakot, government officials confirmed. Ma ... Read more...

Posted in Politics |

United Bank to hit primary market in December


June 22nd, 2009 - 5:43 pm ICT by IANS
Kolkata, June 22 (IANS) The state-owned United Bank of India (UBI) is likely to enter the primary market by December, a top bank official said here Monday. "We plan to raise about Rs.300-400 ... Read more...

Posted in Business |

Russia’s Sukhoi aircraft maker opens office in India


February 9th, 2009 - 6:57 pm ICT by IANS
Moscow, Feb 9 (RIA Novosti) Russia's Sukhoi aircraft maker Monday opened a representative office in India's capital New Delhi, the company said in a statement.Sukhoi, which is part of Russia's United ... Read more...

Posted in Uncategorized |

IDBI to enter mutual funds business


July 25th, 2008 - 8:42 pm ICT by IANS
Kolkata, July 25 (IANS) The IDBI Bank Ltd is planning to enter the mutual fund business, a top bank official said here Friday. Talking on the sidelines of a Banking Conclave here, ... Read more...

Posted in Business |

Union Bank targets 23 percent deposit growth


July 15th, 2008 - 6:56 pm ICT by IANS
Kolkata, July 15 (IANS) Union Bank of India has targeted a deposit growth of 23 percent and credit growth of 22 percent this fiscal, a top bank official said here Tuesday. "We ... Read more...

Posted in Business |

South Africa’s FirstRand Bank eyes India for growth


July 9th, 2008 - 4:08 pm ICT by IANS
Johannesburg, July 9 (IANS) South African integrated financial services group FirstRand Ltd is looking to India for future growth, a top company official has said. FirstRand chief executive Paul Harris, commenting on ... Read more...

Posted in World |

Canara Bank gets licence to open branch in Shanghai


July 9th, 2008 - 3:55 pm ICT by IANS
Bangalore, July 9 (IANS) Canara Bank has obtained a licence from China's banking regulatory commission to open a branch in Shanghai, the leading state-run bank said here Wednesday. As a prelude to ... Read more...

Posted in Business |

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