by NR INDRAN / INT Mumbai : HDFC Bank, the second largest private bank in India, and Diners Club International® Ltd., a business unit of Discover, today announced a strategic alliance whereby HDFC Bank will issue Diners Club International credit cards in India. The Bank will also provide merchant acquiring services, thereby creating more acceptance […]
The Governor of Reserve Bank of India D Subbarao said that RBI is serious about problem of fake currency and Banks and Police have been directed to take strict action in such cases and to ensure prevention of fake currency. Addressing a meeting of Rajasthan Chamber of Commerce in Jaipur today Mr Subbarao said that […]
by NR INDRAN / INT Mumbai – For the ensuing festival season, Dena Bank has further reduced the Interest Rates on New Housing Loans & Car Loans by 25 Basis points in floating rate category with effect from 10th October 2011. Thus the Bank has reduced interest rates on floating Housing Loans and Car Loans […]
The credit worthiness of nine Portuguese Banks has been downgraded by the Ratings Agency Moody’s. The Agency has expressed concern about the safety of loans the banks have made to the Portuguese Government. Moody’s has also downgraded the credit ratings of several British Banks. This is the consequence of the shift in Government policy which […]
by NR INDRAN / INT MUMBAI — Axis Bank Limited acting through its Dubai International Financial Centre Branch has extended its USD 200 million US Commercial Paper Program by one year. The Programme was initially setup on October 4, 2010 and now the new maturity date is September 30, 2012. The Program has been assigned […]
All branches of the State Bank of India, SBI are open today despite a national holiday on account of Gandhi Jayanti. According to an official release, the step has been taken to make up for the loss of working hours yesterday when the banking operations were severely hit due to system failure. SBI in a […]
by NR INDRAN / INT Mumbai : Axis Bank, India’s third largest private sector Bank, expanded its network of branches in Mumbai to 100 with the opening of its Pali Hill, Bandra Branch on Nargis Dutt Road. Axis Bank’s all India footprint now has 1435 branches. The Pali Hill, Bandra Branch was inaugurated by its […]
by NR INDRAN / INT Mumbai : Axis Bank, India’s third largest private Bank today announced the launch of MyDesign Card, India’s first Debit Card launched by an Indian bank which allows the customer to incorporate a personal image of his/her choice on the Debit Card. Axis Bank is one of the largest issuers of […]
by NR INDRAN / INT The Board of Axis Bank at its meeting held today, considered and unanimously approved the transfer of the financial services business of Enam Securities Private Limited (Enam) in the following manner: I) The Enam financial services business will be demerged from Enam into the Bank by way of the Demerger […]
Concerned over high inflation, the Reserve Bank on Friday raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive. With Friday’s decision, the short-term lending (or repo) rate at which banks borrow from the RBI stands increased to 8.25 per cent and […]
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1. Top 5 Companies Offering WiFi-Enabled Curtain Motors for Ultimate Control
2. Yoga Therapist Ranjana Chhabra Announces 14-Day Face Yoga Workshop
3. Coca-Cola SLMG Appoints Costin Mandrea as CEO
4. Apparel Group’s R&B Unveils Festive Collection Across 109 Stores in GCC