APN News

  • Thursday, March, 2024| Today's Market | Current Time: 08:37:03
  • SBI hikes fixed deposit rates by upto 1%

    Mumbai : Country’s largest lender SBI today raised fixed deposit rates on select maturities by up to 1 per cent, amid tight liquidity situation. Fixed deposits with maturity period of 7 to 90 days will earn eight per cent interest against existing seven per cent. The SBI said in a statement that the new rates […]

    Avoid sharp difference in rates on similar term deposits: RBI

    New Delhi : RBI has asked banks to avoid offering sharply different rates on deposits with similar maturities, saying that something is wrong with lenders if their retail and bulk deposit rates vary too much. “If it (the difference between retail and bulk deposit rates) varies too much, then there is something wrong,” Reserve Bank […]

    Interest rates on small savings schemes hiked by up to 0.5%

    New Delhi : The government on Monday raised interest rates on post office-operated small savings like Monthly Income Scheme (MIS) and Public Provident Fund (PPF) by up to 0.5 per cent, making them more attractive to investors. Interest rates on time deposits of one and two years have been increased by 0.5 per cent each […]

    Capital requirements for co-ops to go up: RBI

    New Delhi : The Reserve Bank said that the minimum capital requirements for cooperative banks will soon go up to as much as 3 crore rupees from the present 15 lakh rupees. RBI Executive Director S Karuppasamy gave this information in Mumbai on Thursday. He said that depending on the location and area RBI is […]

    Gold jewellery can’t get loans beyond 60% of value: RBI

    New Delhi : The Reserve Bank has directed all non-banking finance companies (NBFCs) not to sanction loan beyond 60 percent of the value of gold jewellery. Incidentally the directive follows government proposing a hike in import duty on the precious metal and imposition of excise duty on unbranded-jewellery. “It has been decided that all NBFCs […]

    Dena Bank celebrates International Women’s Day on 15th March 2012

    Mumbai: Dena Bank has celebrated the International Women’s Day on 15.03.2012 at its Head Office. The Guest of Honor was Smt. Shyamala Gopinath, the retired Dy. Governor, RBI. Occasion was graced by Smt. Nupur Mitra, the First Chairperson & Mg. Director of Dena Bank and Executive Director, Shri Ashok Dutt who is also the Chairman […]

    RBI asks banks to update Al-Qaida sanctions list

    Mumbai : The Reserve Bank of India has asked all banks to update the Al-Qaida sanctions list as per the new United Nations circular. In a notification issued yesterday, the Central Bank has said that State and Central co-operative banks and regional rural banks are required to update the list of individuals and entities as […]

    RBI keeps rate unchanged; inflation to guide future action

    New Delhi :  The Reserve Bank on Thursday kept key policy rate unchanged and said future policy action would be determined by the movement in inflation. “On the basis of the current macroeconomic assessment, it has been decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.5 percent,” RBI […]

    Account Portability Facility offered by the Dena Bank

    Mumbai : Dena Bank has migrated to CBS Platform and the facility of Account Portability is available to all the customers of the Bank without any charge. Account Portability is transfer of the Account from one branch to another Branch within the Bank without the change of Account Number. As per the RBI Guidelines customers […]

    IBA urges for strict norms on education loans under management quota

    New Delhi : The Indian Banks’ Association (IBA) has asked its members to impose stricter terms on loans given to students getting admission under the management quota. In a guidance note published on its website, IBA has said that model scheme for the higher studies does not cover admissions under the management quota. It has […]