APN News

  • Friday, May, 2024| Today's Market | Current Time: 09:58:07

    • Banking

    Axis Bank launches ‘Insta Car Loans’

    by NR INDRAN / INT Axis Bank, India’s third largest private Bank, today announced the launch of ‘Insta Car Loans’, India’s first auto finance facility that approves instant car loans at various car dealerships and at Axis Bank branches. Axis Bank has developed this feature in association withBankBazaar.com. Axis Bank’s Insta Car Loan facility offers […]

    Banking

    Federal hikes interest rates on NRE term deposits

    by NR INDRAN / INT Federal Bank, The Kerala based private bank has reviewed the interest rates on NRE Term Deposits and decided to fix  interest rates on NRE Term Deposits as follows. Period Rates of interest Upto Rs.50 lakh Rs.50 lakh to less than Rs.1 Cr. Rs.1 Cr and above 1 year only 8.25 […]

    Banking

    Central Bank of India revises interest rates on NRE Term deposits

    by NR INDRAN / INT Central Bank of India has revised the rate of interest on NRE Term deposits. Revised interest rates, applicable to fresh NRE TERM deposits accepted / renewals made on or after December 27, 2011 will be as under: NRE Deposit Interest Rates: Period of NRE Deposit Interest rate % p.a. 1 Year […]

    Banking

    Central Bank of India celebrates its Centenary Day on 21st December 2011 at New Delhi.

    by NR INDRAN / INT Central Bank of India, one of the largest Public Sector & first swadeshi Bank of the country celebrated its Centenary Day on 21st December, 2011.  In a glittering function organized at Delhi Shri Pranab Mukherjee, Hon’ble Finance Minister was the Chief Guest  of the function.  In his speech Shri Mukherjee […]

    Banking

    Dena Bank highest among PSU banks to offer 9.60% interest on NRE term deposit

    Pursuant to recent deregulation of interest rates on NRE term deposit by Reserve Bank of India, Dena Bank hiked interest on NRE term deposit to 9.60% for maturity period of 1 year and 9.25% for maturity period ranging from above 1 year upto 3 years, which is highest among PSU banks. Dena Bank while offering […]

    Banking

    Federal Bank hikes interest rates on NRE Term Deposits

    by NR INDRAN / INT Mumbai  – Federal Bank has hiked the interest rates on Non Resident Term Deposits opened for a period of 1 year to 6.5%. The rate for the same period before the hike was 3.82% only.  The unprecedented rate hike is due to the deregulation of interest rates on NRE deposits […]

    Banking

    RBI retains interest rates, indicates cut from now on

    Concerned over economic slowdown, the Reserve Bank on Friday kept interest rates unchanged and indicated that it could cut key policy rates from now onwards to arrest falling growth while keeping a close vigil on inflation. “While inflation remains on its projected trajectory, downside risks to growth have clearly increased… Further rates hike may not […]

    Banking

    RBI steps in as rupee tumbles

    The Reserve Bank today swung into action to check slide in rupee value against dollar and speculations. It has imposed restrictions with immediate effect on forward trading in the local currency by Foreign Institutional Investors and traders and capped banks exposure to the forex market. The Reserve Bank has also decided to withdraw the facility […]

    Banking

    Federal Bank launches a new rewards scheme – ”UTSAV Rewards” for their Debit Card Holders

    by NR INDRAN / INT Federal Bank is delighted to announce the launch of ‘Utsav Rewards’ anexclusive loyalty program for the Federal Bank Debit Card Holders. This scheme willprovide their customers with points accumulated over transactions and assistthem in redeeming the same for a wide range of consumer products. Customerswill get one Utsav point on […]

    Banking

    Axis Bank launches Insta PIN

    by NR INDRAN / INT Mumbai : Axis Bank, India’s third largest private Bank today announced the launch of Insta PIN, India’s first PIN generation system that allows customers to receive the ATM PIN on their mobile phone through the Bank’s IVR system, thereby bringing in convenience to its valued customers. All that the customer […]

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