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  • Wednesday, April, 2024| Today's Market | Current Time: 10:06:51

    • Banking

    Bank of Maharashtra increases interest rates on term deposits

    Bank of Maharashtra has increased its interest rates on domestic term deposits by 45 to 255 basis points (bps) in different maturity bands with effect from 6th September 2013. Bank has increased the interest rates for the amount of Rs.1 crore and above for the period of 7 days to 363 days by 45 to […]

    Banking

    Central Bank of India increases interest rates on “Cent-Benefit Deposit”by 0.50% to 9.50%

    Central Bank of India increases interest rates on “Cent-Benefit Deposit”from 9.00% to 9.50% (w.e.f. from 5th Sept. 2013.) for short term deposits with a tenor of 14 days to 179 days.  Under this scheme there is no penalty on premature withdrawals.  Minimum amount of deposit acceptable under the scheme is Rs. 1 crore and there […]

    Banking

    New RBI Governor announces steps to strengthen monetary policy & to open banks

    New RBI Governor Raghuram Rajan has announced the setting up of few committees to look into critical areas of functioning, like monetary policy and screening of applications for licences to open new bank branches. In his maiden press conference in Mumbai last evening, Rajan announced an external committee, under the chairmanship of former Governor Bimal […]

    Banking

    Rajan: No requirement for Banks to approach RBI for opening branches

    The new Reserve Bank of India Governor, Raghuram Rajan has said that Banks will not be required to approach the RBI for opening branches. Talking to reporters after taking over the Governorship of the apex bank, he said in Mumbai that RBI will give outlook of new bank policies soon and Mr. Vimal Jalan will […]

    Banking

    Canara Bank to go aggressive in CSR activities

    Panaji : A visionary banker, Mr. R.K. Dubey, Chairman and Managing Director of Canara Bank who introduced several structural changes in his banking career spanning well over 36years conferred upon a Lifetime Achievement Award. The Award was presented at a National Meet on Occupational Hazards, Safety and Fire which is currently underway at a city […]

    Banking

    Dena Bank revises interest rates on FCNR (B) / RFC term deposit effective from September 1

    Mumbai : Dena Bank, India’s trusted family bank, has revised the rate of interest on FCNR (B)/RFC term deposit with effective from September1, 2013. For FCNR (B) deposits of 2 years to less than 3 years, in US Dollar terms, the revised interest rates are 2.57% as compared to 2.48% in August 2013. For FCNR […]

    Banking

    Daunting task ahead of Rajan as new RBI governor

    Declining value of Rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases are some of the key issues which will keep Raghuram Rajan busy after he takes charge as RBI Governor on Wednesday. Rajan, 50, who has been in the Finance Ministry as the Chief Economic Advisor for […]

    Banking

    Bank of Maharashtra opens 5 new Rural Branches in Ghaziabad

    Bank of Maharashtra a premier Nationalized Bank has opened 5 new rural Branches at 1. Teela Shahabazpur 2. Ganoli 3. Sikhrani 4. Nurpur 5. Roshanpur (Khurrampur) in Ghaziabad Districts in Uttar Pradesh on 2nd September 2013 inaugurated by Honble Member of parliament, Ghaziabad Shri. Rajnath Singh in the presence of Shri Narendra Singh, Chairman & […]

    Banking

    Bank of India Launches Secured Credit Card

    Speaking on the occasion, CMD of the Bank, Smt V R Iyer informed that the cards are equipped with embedded security features which make the Cards more secure and resistant to cloning.“This will certainly go a long way in curtailing their misuse”, she added. Bank of India, with a business mix of Rs 7.30 lac […]

    Banking

    Shri R. K. Pandey : Chief Vigilance Officer of Bank of Maharashtra

    Shri R. K. Pandey has taken over charge of Chief Vigilance Officer of Bank of Maharashtra. Prior to joining Bank of Maharashtra he was working on deputation in State Bank of Hyderabad, Head Office, Hyderabad and prior to that in State Bank of Patiala at its Head Office, Patiala. Shri R. K. Pandey is M. […]

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