APN News

  • Sun Sep 24 2017 21:15:10 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...

    HP: People adopting cashless system after being sensitized by Common Service Centre�s specialists

    HP: People adopting cashless system after being sensitized by Common Service Centre�s specialists

    Himachal Pradesh : People in Himachal Pradesh are adopting cashless system after being sensitized by Common Service Centre�s specialists. In Bilaspur district, the Kathla village of Kutehlla Panchayat of Swarghat Sub Division has become cashless. District Manager of Common Service Centre Monica G...

    Finance Ministry asks banks to restrict fees on payments through IMPS

    Finance Ministry asks banks to restrict fees on payments through IMPS

    Finance Ministry has asked Public Sector Banks to restrict fees on payments through Immediate Payment Service- IMPS and Unified Payments Interface -UPI to the extent that is applicable for NEFT fund transfer of over 1,000 rupees.IMPS is an interbank electronic instant mobile money transfer service t...

    Demonetisation to curb terror funding: MoS Finance

    Demonetisation to curb terror funding: MoS Finance

    Minister of State for Finance Santosh Gangwar has asserted that the bold step of the Prime Minister to demonetise 500 and 1000 rupees notes will curb terror funding.Participating in the All India Radio’s weekly Public Speak programme last night, Mr Gangwar said prices of essential commodities...

    FM asks RBI to set up special cell to monitor circulation of fake currency

    Finance Ministry has asked the Reserve Bank of India to set up a special cell to monitor circulation of fake currency in the country and further advised RBI to monitor the receipt of fake currency notes and inform such instances to the law enforcement and investigative agencies.Finance Ministry said...

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