APN News

  • Wednesday, March, 2020| Today's Market | Current Time: 11:45:50
  • SBI NRI facilitation centre to offer matrimonial assistance

    Taking innovation to new heights, the State Bank of India yesterday inaugurated country’s first ever NRI facilitation centre at Hyderabad which would offer various services including matrimonial assistance to its NRI account holders. Deputy Managing Director of the bank, Shiva Kumar, said the bank has entered into tie-ups with various service providers to offer different […]

    HDFC Bank’s nationwide ‘Blood Donation Drive’ on 10th December

    New Delhi : HDFC Bank is organizing a nationwide Blood Donation Campaign on Friday, December 10, 2010. Donors in 350 Indian cities will be able to donate blood at over 475 designated centres from 0900 hrs to 1700 hrs in what is one of the nation’s biggest single-day blood donation campaigns where individual donors, including […]

    RBI to re-visit growth figures in January

    Reserve Bank of India (RBI) on Wednesday said that it would re-visit the growth figures during the third quarterly review in January. “The growth level has been encouraging. RBI will re-visit the growth figures in third quarterly review in January,” RBI Governor D Subbarao told reporters in Kolkata ahead of the bank’s central board meeting on […]

    Bank of Baroda to open new 900 branches; recruit 7,500

    Public sector Bank of Baroda (BoB) plans to open 900 branches across the country by the end of fiscal 2011-12 and will come up with nine overseas in the next six months. “Of the domestic branches, 400 will be opened before March 31, 2011 and the remaining 500 in 2011-12,” BoB Chairman and Managing Director M D […]

    SBI hikes deposit rates by up to 150 basis points

    Country’s largest lender State Bank of India (SBI) on Monday raised deposit rates by up to 150 basis points or 1.5 per cent across various maturities, a move that will provide better returns to people with fixed deposits in the bank. The new rates will become effective from Tuesday. The decision comes close on the […]

    Resist from raising too much money from MFs: PMEAC to banks

    The Prime Ministers economic panel has cautioned banks against heavy dependence on mutual funds for meeting funding requirements, saying that the money from that source is volatile. “Funding provided by mutual funds (MFs) can be volatile (as) the bulk of bank CDs has a maturity of three months or less,” Prime Ministers Economic Advisory Council […]

    ICICI raises rates, SBI may hike deposit rates next week

    Soon after ICICI Bank decided to raise deposit and lending rates by up to 50 basis points, the country’s largest lender State Bank of India (SBI) said it too could raise deposit rates in the similar range. The announcements came a day after RBI Governor D Subbarao asked banks to hike deposit rates and lower lending rates, with […]

    FinMin to take a view on Khandelwal panel report soon: Jt Secy

    Government is studying Khandelwal committee report that seeks to cap bank salaries over the next five years, and will come out with a decision on its implementation soon, a Finance Ministry official said. “We are studying the Khandelwal report and will come out with our view on its implementation shortly,” Finance Ministry joint secretary, banking […]

    Some banking regulations confusing,need streamling: Subbarao

    Reserve bank governor D Subbarao on Friday pitched for streamlining banking regulations, saying some were “confusing” even though they served the banking system well. On the existing arrays of laws in the banking sector, he favoured a single legislation to remove inconsistencies. Subbarao also asserted that the proposed financial sector reforms should be driven more […]

    Central Bank of Seychelles goes Live with Polaris’ IntellectTM Core Banking System for Central Banks

    Chennai : Polaris Software, a leading Financial Technology company, today announced that Central Bank of Seychelles, the central authority responsible for all monetary issues in the country, has gone live with Polaris’ IntellectTM Core Banking System (CBS) for Central Banks. Powered by our innovative Xtreme Account Posting Gateway (XAP) Technology, the solution has been designed […]