APN News

  • Saturday, October, 2019| Today's Market | Current Time: 03:29:40
  • MasterCard and Gemalto Partner on Global Card Replacement Services

    Amsterdam: Gemalto the world leader in digital security, today announced that it has entered into an agreement to be MasterCard’s preferred emergency card replacement vendor worldwide. The service enables premium cardholders to receive their new card in 24 hours or less, even when on the move, anywhere in the world. Once notified of a lost […]

    Canara HSBC Oriental Bank of Commerce Life Insurance Forays into Child Protection Space

    New Delhi : Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited – a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, has entered into child protection space by launching Canara HSBC Oriental Bank of Commerce Life Insurance […]

    High-level growth in India helps Intl economy to recover from recession: WB

    World Bank has said that high level of growth in the India is helping the international economy recover from the crippling impact of recent financial turmoil. World Bank President Robert B Zoellick said that India is a player on the global stage and its status as a rising economic power is closely connected with how […]

    Citi Bank fraud: Sebi probes violation in income proof rules

    In connection with the alleged Rs 300-crore Citibank fraud, Sebi is probing whether the stock brokers collected from the accused his income proof documents, a mandatory requirement for trade in derivatives market. The market regulator had made it mandatory in December 2009 for the brokerage firms to collect income proof documents from all their clients […]

    SBI planning ops in SKorea, Sao Paulo this year

    In a bid to expand its overseas presence, State Bank of India is planning to set up its operations in South Korea, Sao Paulo and Botswana this year. “The bank is looking at opening a representative office in Brazilian city Sao Paulo and a full service branch in South Korea,” a senior official of SBI […]

    Banks hike lending, deposit rates

    Major lenders, including State Bank of India, ICICI Bank and HDFC Bank have raised their lending and deposit rates by up to one percentage point on the eve of the New Year. While the hike in lending rate will make auto, home and commercial loans expensive, increase in deposit rates will ensure better returns for […]

    Firms can hedge exchange rate risks via currency options: RBI

    Agreeing to the demand of Indian multinational corporations, RBI has allowed them to hedge exchange rate risks associated with trade transactions and external borrowings through cross-currency options. However, the central bank has attached certain safeguards to this rule, and only those companies will be allowed hedging that have a minimum networth of Rs 100 crore […]

    RBI asks banks to add extra security layer for phone banking

    Banks will ask for an additional password from their credit card customers from the new year for any transactions conducted over phone, subsequent to a Reserve Bank direction for making phone banking more secure. As per the RBI guideline, all the banks will mandatorily decline any telephonic banking transactions, including the automated IVR (Interactive Voice […]

    Axis Bank to Provide MoneyGram International Remittance Services

    Mumbai: MoneyGram International, a global leader in the money transfer industry, has added Axis Bank as a new agent. The bank joined MoneyGram’s international agent network through super-agent UAE Exchange. Axis Bank will offer MoneyGram’s money transfer services at 1,100 locations across the country. “MoneyGram is excited to have Axis Bank offering our services and […]

    HDFC Bank holds Mega Loan Mahotsava at Haldia, East Medinapur

    Mumbai: HDFC Bank, one of the premier banks in the country, held a Mega Loan Mahotsava at East Medinapur in Haldia (West Bengal). East Medinapur is one of the fastest developing districts in West Bengal in terms of industrial growth. Many leading industries like HPCL refinery, Gokul Refoils, Adani Wilmart, Emami Bio-Disel, Ruchi Soya, Exide, […]