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Banking

3,500 govt data banks available for public on govt website

General public can now access over 3,500 government data banks on a single website having a wealth of information, ranging from beneficiaries under various schemes to industrial output numbers. Launching the website www.data.gov.in, Telecom and IT Minister Kapil Sibal said: “Ever since the UPA government came to power, information revolution started with the Right to […]

Banking

Salary through Aadhar linked bank A/Cs: Maharashtra scores a first

Maharashtra Government has become the first state in the country to disburse salary of its staff through their Aadhaar-linked bank accounts. An official press release issued from Mumbai on Wednesday claimed the employees of the state government’s Information Technology (IT) department got their July salaries through their Aadhaar-linked bank accounts. The IT secretary, Rajesh Aggarwal […]

Banking

Ta Chong Bank in Taiwan to Issue JCB Cards

Tokyo : JCB International (JCBI), the international operations subsidiary of JCB, the only global payment brand based in Japan, is pleased to announce that Ta Chong Bank has signed a license agreement for JCB card issuance as the 25th JCB card issuer in Taiwan, and launched the TC Bank Le Siang Precious Card. JCB card […]

Banking

RBI imposes Rs 5.6 lakh fine on SBI for violation of norms

The Reserve Bank on Wednesday said it imposed a fine of about Rs 5.6 lakh on State Bank of India (SBI) for violation of currency chest norms. “The Reserve Bank of India has imposed a penalty of Rs 5,62,555 on 12th July, 2013 on SBI for violation of the terms of agreement with RBI for […]

Banking

ICICI Bank launches 15 Gramin branches in Madhya Pradesh

Madhya Pradesh : ICICI Bank Limited, India’s largest private sector bank, today announced the launch of 15 new Gramin branches across Madhya Pradesh as part of its financial inclusion plan that aims at providing banking services in unbanked villages. All these branches have been opened in small villages, which were so far devoid of any […]

Banking

Raghuram Rajan is new RBI Governor

Chief Economic Advisor Raghuram G Rajan has been appointed as the next Governor of the Reserve Bank of India (RBI). Rajan will replace D Subbarao, who completes his five-year term on September 4, and will be the 23rd Governor of the central bank. “Prime Minister Manmohan Singh has approved appointment of Raghuram Rajan as Governor […]

Banking

ICICI Bank launches 20 Gramin branches across Rajasthan

Rajasthan: ICICI Bank Limited, India’s largest private sector bank, today announced the launch of 20 new Gramin branches across Rajasthan as part of its financial inclusion plan that aims at providing banking services in unbanked villages. All these branches have been opened in small villages, which were so far devoid of any banking facility. The […]

Banking

ICICI Bank launches 18 Gramin branches across Punjab & Haryana

Haryana: ICICI Bank Limited, India’s largest private sector bank, today announced the launch of 18 new Gramin branches across Punjab and Haryana, as part of its financial inclusion plan that aims at providing banking services in unbanked villages. All these branches have been opened in small villages, which were so far devoid of any banking […]

Banking

Union Bank of India Q1/FY14 Net Profit up by 9.38% at Rs 560 crore

Mumbai : The Board of Directors of Union Bank of India today approved the Limited reviewed accounts of the Bank for the Quarter (Q1) ended June 30, 2013. Highlights for the quarter-ended June 30, 2013 Net Profit for Q1/FY14 up by 9.38% to `560 crore from `512 crore in Q1/FY13. Net Interest Income for Q1/FY14 […]

Banking

Yes Bank revises deposit rates by 25 to 50 points

Yes Bank Ltd has has revised its deposit rates by 0.25% to 0.5% in select tenors. This provides an opportunity for retail depositors to lock in higher rates on term deposits. The Bank has also consequently revised its Base Rate to 10.75% (an increase of 0.25%) effective August 01, 2013.