APN News

  • Wednesday, September, 2019| Today's Market | Current Time: 07:38:20
  • RBI impact: loans to get costlier from next month, say bankers

    Home, auto and corporate loans are likely to become expensive from October, with bankers saying that interest rates may be hiked next month in response to the Reserve Bank raising policy rates to tame inflation. “In early October, interest rates could be revised and chances are there it could be revised upwards,” state-run Bank of […]

    Karur Vysya Bank Launches Travel Cards enabled by enStage Technology

    Bangalore, India : enStage, Inc., today announced the launch of Karur Vysya Bank’s travel cards enabled by enStage’s prepaid card platform. The Karur Vysya Bank’s Visa-branded travel cards are being offered in three currencies, US Dollars, Singapore Dollars, and the Euro. The travel card can be used at any point of sale merchant that accepts […]

    Nilambur Co-operative Urban Bank signs up IntellectTM Core Banking Solution for Cooperative Banks from Polaris

    Chennai,  India : Laser Soft Infosystems Ltd. (a wholly-owned subsidiary of Polaris Software Lab Limited), a leading product company in Banking and Financial Services industry announced that Nilambur Co-operative Urban Bank (NCUB), one of the leading Urban Co-operative Banks in Kerala, has signed IntellectTM Core Banking Solution (CBS) for Cooperative Banks, a comprehensive J2EE & […]

    SBI Ties Up with Oxigen to Promote Kiosk Banking

    Oxigen Services Pvt. Ltd and supported company “Sahyog Micro Finance Foundation” today announces a unique tie-up with State Bank of India (SBI) to offer banking services by connecting directly to SBI Core Banking System by Oxigen Web Retailers in Mumbai and Maharashtra. This would be done by appointing Customer Service Points at Oxigen Retail Outlets. […]

    FM asks RBI to take necessary steps to check price rise

    Finance Minister Pranab Mukherjee says, rising food prices is a worry and the Reserve Bank should take whatever steps needed to tame the prices. He also talked about fiscal steps required to bring down the prices. His remarks at the AGM of Calcutta Chamber of Commerce come ahead of monetary review by RBI next week. […]

    Pranab says rising prices a worry; asks RBI to take measures

    Ahead of monetary review by RBI next week, the govt on Saturday expressed concern over rising food prices and advised the central bank to take “whatever” measures required to bring them down while keeping options open on the fiscal front. “I am worried,” Finance Minister Pranab Mukherjee said on rise in food prices at the […]

    World Bank approves USD 220 million for Kosi flood rebuilding

    The World Bank has approved a USD 220 million credit to support rebuilding efforts in areas affected by the devastating Kosi floods in Bihar. The Bihar Kosi Flood Recovery Project will finance flood recovery efforts through the reconstruction of about 100,000 houses, 90 bridges and 290 kilometres of rural roads, the World Bank said in […]

    RBI asks banks to help debt-ridden aviation sector

    The Reserve Bank has asked lenders to work out a special concessional package for the crisis-ridden aviation sector, reeling under financial debt burden of staggering 60,000 crore. In response, banks said they would look into the problems of airlines on case-by-case basis. The Indian airline industry is facing mounting debts due to the economic downturn […]

    RBI to look into deregulation of interest rate on savings

    The Reserve Bank said on Wednesday that it will soon set up a working group to examine the possibility of deregulation of interest rates on savings account. “Deregulation of interest rate is on our radar. A working group will soon be set up to examine the possibility of deregulating of interest rates,” RBI Deputy Governor […]

    HDFC Ltd Launches Dual Rate Product – 4

    Mumbai, Maharashtra, India: Highlights: • 8.50% p.a. Fixed Rate up to 31st March, 2011, 9.50% p.a. for period between 1st April, 2011 and 31st March, 2012 and Floating Rate for the Balance term. • Same Interest Rates irrespective of the Loan amount. HDFC Ltd has introduced Dual Rate Home Loan – 4 (DRHL- 4). This […]