APN News

  • Thursday, March, 2024| Today's Market | Current Time: 03:30:13
  • Dena Bank pays Rs.90.89 crore Dividend to GOI

    Mumbai :  Ashwani Kumar, CMD, Dena Bank, handed over a Dividend Warrant of Rs.90.89 crores for the Financial Year 2012-13, to the Hon’ble Union Finance Minister, Shri P Chidambaram. Bank registered an impressive net profit of Rs.810.38 crores for the financial year 2012-13 and has declared a dividend of 47% to the shareholders of the […]

    RBI announces additional measures to contain exchange rate volatility & rupee slide

    RBI has announced additional measures to contain exchange rate volatility and rupee slide. In a notification issued in Mumbai today, the apex bank has increased the amount of Cash Reserve Ratio – CRR that the banks are required to maintain with the RBI on an average daily basis. Effective from 27th July, banks will be […]

    DCB Bank announces First Quarter FY 2014 Results

    Mumbai:DCB Bank (Development Credit Bank Ltd.) declared Q1 FY 2014 Net Profit of Rs. 43 Cr. as compared to the Net Profit of Rs. 19 Cr. for Q1 FY 2013.Underlying Net Profit, excluding the onetime Treasury gains and onetime Operating Costs, was at Rs. 35 Cr. approximately for Q1 FY 2014. As on June 30, […]

    RBI extends deadline for clearing non-CTS cheques till Dec 31

    In view of the large volume of ‘non-CTS-2010’ format cheques still in circulation, RBI has extended the deadline for clearing such cheques till 31st December this year. Advising banks to further continue their efforts to withdraw non-CTS-2010 cheques, RBI said new clearing arrangements will come into effect from 1st of January next year. In a […]

    RBI asks banks to ensure sufficient collateral for repo borrowing

    The Reserve Bank of India has asked banks to ensure that they have sufficient collateral securities in their accounts while borrowing under the repo window. These instructions were issued in view of the restrictions announced by RBI on Monday to stem rupee’s fall. Accordingly, with effect from today, RBI will limit the daily borrowing by […]

    Exim Bank to offer long-term loans for Pharma firms

    Mumbai: In order to boost the export capability of Indian pharmaceutical companies, Export-Import Bank of India (Exim Bank), has decided to expand the scope of its finance to pharmaceutical companies for extended repayment periods.  Eligible export oriented companies can avail finance from Exim Bank for a maximum repayment period of 10 years with a moratorium […]

    Exim Bank announces the winner of IEDRA Award 2012

    New Delhi : Dr. Harendra Kumar Behera was declared the winner of Export-Import Bank of India’s (Exim Bank) International Economic Development Research Annual (IEDRA) Award 2012 for his Doctoral dissertation titled “The Effects of Financial Openness: An Assessment of the Indian Experience”.  The Exim Bank IEDRA Award 2012 was announced by Mr. T.C. A. Ranganathan, […]

    Bank of Maharashtra opens 19 Branches in 9 States

    Bank of Maharashtra a premier Nationalized Bank has opened 19 Branches in 9 States viz: Maharashtra, Uttar Pradesh, Delhi, Gujrat, Madhya Pradesh, Rajasthan, West Bengal, Andhra Pradesh & Punjab on 10th July 2013. The total number of branches increased to 1775. Bank has its branch network spread all over the country covering 29 states and […]

    M S Raghavan assumes charge as CMD of IDBI Bank

    Shri M. S. Raghavan has assumed charge as Chairman and Managing Director of IDBI Bank today. Prior to the current assignment, Shri Raghavan was posted as Executive Director, Bank of India, with effect from January 1, 2012. Born on June 8, 1955, Shri Raghavan, a science graduate and a post-graduate diploma holder in Management and […]

    ICICI Bank inaugurates first branch in Mughal Sarai, Uttar Pradesh

    Mughal Sarai: ICICI Bank Ltd, India’s largest private sector bank, today launched new branch at Mughal Sarai in Chandouli district, Uttar Pradesh. The new branch was inaugurated by Mr. Tilak Dhari Yadav, Additional District Magistrate, Chandouli. The branch will remain open for customer transactions from 9:00 am to 6:00 pm on Monday to Friday and […]