APN News

  • Sun Sep 24 2017 21:15:25 GMT+0200 (CEST)
  • Finance Minister Arun Jaitley says zero balance accounts under PMJDY come down to 20% from earlier 7...

    Finance Minister Arun Jaitley says zero balance accounts under PMJDY come down to 20% from earlier 77%

    Finance Minister Arun Jaitley today said zero balance accounts under the Jan Dhan Yojana have come down to 20 per cent from 77 per cent previously. He was speaking at the Conclave on Financial Inclusion by United Nations in Delhi. Mr Jaitley said 300 million accounts were opened under Prime Minister...

    Govt notifies Banking Regulation (Amendment) Act

    Govt notifies Banking Regulation (Amendment) Act

    The government has notified the Banking Regulation (Amendment) Act. The Act authorises the Reserve Bank of India, RBI to issue directions to banks to initiate insolvency resolution process to recover bad loans. The banking sector is saddled with non-performing assets, NPAs of over 8 lakh cr...

    RBI issues new Rs 200, Rs 50 notes

    RBI issues new Rs 200, Rs 50 notes

    The Reserve Bank today issued new Rs 200 and Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of RBI Governor Urjit Patel. Initially, the new Rs 200 notes will be circulated by select RBI offices, and some banks. The new Rs. 200 denomination has motif of San...

    Parliament passes Banking Regulation (Amendment) Bill, 2017

    Parliament passes Banking Regulation (Amendment) Bill, 2017

    Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it today. The Lok Sabha has already passed it. Replying to a debate on the Bill, Finance Minister Arun Jaitley said, the wilful defaulters will not be spared and prosecution s are being launche...

    State Bank of India cuts interest rate on savings account by half per cent

    State Bank of India cuts interest rate on savings account by half per cent

    The State Bank of India has slashed interest on savings account deposits by half a per cent to 3.5 per cent on balance up to 1 crore rupees. The bank said, for saving deposits balance above 1 crore, the rate of interest has been retained at 4 per cent per annum. The bank is introducing two-t...

    Dena Bank CMD ASHWANI KUMAR ANNOUNCES Q1 FY18 RESULTS

    Dena Bank CMD ASHWANI KUMAR ANNOUNCES Q1 FY18 RESULTS

    Mumbai, July 29,2017: Shri Ashwani Kumar, Chairman and Managing Director, Dena Bank,announced the financial results of the Bank for the Quarter ended30th June 2017 after adoption bythe Board of Directors.Highlights for the Quarter ended 30.06.2017 Highlights for the Quarter ended 30.06.20171. BAN...

    Banking Awareness: All about Green Banking

    Banking Awareness: All about Green Banking

    The banking awareness is very important for all those candidates aspiring to clear the Bank Exams where the general awareness section and the interview mainly comprise of the questions from banking awareness section. There are a wide variety of topics in the banking awareness and a detailed descript...

    CBI arrests four for cheating banks to the tune of Rs 2240 cr

    CBI arrests four for cheating banks to the tune of Rs 2240 cr

    The CBI has arrested four persons including Directors of a Delhi based private firm for causing an alleged loss of about 2240 crore rupees to the consortium of Banks.The Investigating agency had registered a case in the matter on the basis of a complaint of Punjab National Bank.During the investigat...

    Prof. Barry Eichengreen to deliver Exim Bank's 32nd Commencement Day Annual Lecture on "Capital Flow...

    Mumbai: Export-Import Bank of India (Exim Bank), will present the 32nd Commencement Annual Lecture on Monday, March 27, 2017, on the topic - �Capital Flows: What Do We Know?� by Prof. Barry Eichengreen, the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Scienc...

    Cash withdrawal limits from banks removed

    Keeping up with the pace of re-monetisation, Reserve Bank of India has lifted all the limitations that were placed on cash withdrawals that were placed since November 8th last year. This means the state of pre-demonetisation in the banks is restored.The central bank imposed restrictions on withdrawa...

    Shri Damodharan Neelam & Shri Atanu Kumar Das join Bank of India as Executive Directors

    Shri Damodharan Neelam  &  Shri Atanu Kumar Das join Bank of India as Executive Directors

    Mumbai :� The Government has appointed Shri Damodharan Neelam and Shri� Atanu Kumar� Das as Executive Directors of Bank of India. [caption id="attachment_397961" align="alignleft" width="200"] Shri A.K Das[/caption] [caption id="attachment_397962" align="alignright" width="176"] Shri Damod...

    SBI to merge with associates from April 1

    In the largest consolidation exercise in the banking history of India, all the five associate banks will merge with State Bank of India, SBI, from the first of April. The bank said in a regulatory filing that the assets of State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travanc...

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