APN News

  • Tuesday, April, 2019| Today's Market | Current Time: 11:28:55
  • No five day a week in commercial banks, says RBI

    The Reserve Bank of India (RBI) has not issued any direction with regard to a five day a week working for commercial banks. In a statement, the RBI said, it has been reported in certain sections of media that commercial banks would work five days a week in terms of RBI instructions. It termed the […]

    Reserve Bank to inject USD 5 billion more liquidity into banking system

    The Reserve Bank of India, RBI yesterday said it will inject long-term liquidity worth 5 billion US Dollars into the banking system through a dollar-rupee buy-sell swap for a tenure of three years on April 23. The RBI statement stated that the move intends to meet the durable liquidity needs of the system. It stated […]

    ICICI Bank launches a premium savings account- ‘The ONE’

    By Sachin Murdeshwar Mumbai: ICICI Bank today announced the launch of a new range of premium savings account. Christened, ‘The One’, it is available for upwardly-mobile salaried and self-employed men who strive to achieve their goals and lead an aspirational lifestyle with a host of benefits. The savings account also offers a bouquet of benefits […]

    Canara HSBC Oriental Bank of Commerce Life Insurance launches over- the- counter product – Easy Bachat Plan

    By Sachin Murdeshwar New Delhi: With the aim to further extend the mass reach, Canara HSBC Oriental Bank of Commerce Life Insurance Company has launched its second over-the-counter product – Easy Bachat Plan. Canara HSBC Oriental Bank of Commerce Life Insurance Easy Bachat Plan will help one plan their savings in hassle free manner and […]

    SBI, other banks agree to finance Nagpur-Mumbai Samruddhi Corridor

    A consortium of banks led by StateBank of India has agreed to provide finance for Nagpur-Mumbai ‘SamruddhiCorridor’ expressway project. Bhushan Gagrani, Principal Secretary in the ChiefMinister’s Office said, SBI has agreed to lend the highest amount, 8,500 crorerupees. Other lenders include Punjab National Bank, Bank of Baroda, Bank ofMaharashtra as well as the Life Insurance […]

    RBI launches survey to capture retail payment habits in 6 cities

    The Reserve Bank of India (RBI) will capture payment habits of individuals in six cities, including four metropolitan towns. For the purpose, the central bank has launched a ‘Survey on Retail Payment Habits of Individuals (SRPHi)’. According to RBI release, the survey will cover a sample of 6,000 individuals from various socio-economic backgrounds across six cities including […]

    Public sector banks on strike, services affected

    Banking services in the public sector banks were affected today due to a strike by Unions against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda. The strike has been called by the United Forum of Bank Unions (UFBU) – an umbrella organisation of all 9 unions including the All India […]

    Saraswat Co-operative Bank launches “Banking Services on WhatsApp”

    Mangalore:  Saraswat Bank has become the second bank in India to go live on WhatsApp channel for notifications and Bot services and the first to do so in co-operative sector. It has been at the vanguard of embracing leading-edge technology that has driven efficiency in the way it acquires, services and retains its customers. It […]

    World Bank approves Country Partnership Framework for India to support its transition to higher middle- income country

    World Bank Board has endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi’s objectives of high, sustainable and inclusive growth. The move is aimed at supporting India’s transition to a higher middle-income country by addressing some of its key development priorities such as resource efficient and inclusive growth, job […]

    Banks, financial institutions sign an agreement to speed up resolution of bad loans

    Nearly two dozen Banks and Financial Institutions, including SBI and LIC, have signed the inter-creditor agreement (ICA) framework to speed up the resolution of stressed assets which are under the 500-crore rupee bracket. The framework is part of the Project Sashakt, the report on bad bank drafted and submitted by the committee headed by Non-executive […]