APN News

  • Monday, May, 2024| Today's Market | Current Time: 10:07:37

    • Banking

    SBI Ties Up with Oxigen to Promote Kiosk Banking

    Oxigen Services Pvt. Ltd and supported company “Sahyog Micro Finance Foundation” today announces a unique tie-up with State Bank of India (SBI) to offer banking services by connecting directly to SBI Core Banking System by Oxigen Web Retailers in Mumbai and Maharashtra. This would be done by appointing Customer Service Points at Oxigen Retail Outlets. […]

    Banking

    FM asks RBI to take necessary steps to check price rise

    Finance Minister Pranab Mukherjee says, rising food prices is a worry and the Reserve Bank should take whatever steps needed to tame the prices. He also talked about fiscal steps required to bring down the prices. His remarks at the AGM of Calcutta Chamber of Commerce come ahead of monetary review by RBI next week. […]

    Banking

    Pranab says rising prices a worry; asks RBI to take measures

    Ahead of monetary review by RBI next week, the govt on Saturday expressed concern over rising food prices and advised the central bank to take “whatever” measures required to bring them down while keeping options open on the fiscal front. “I am worried,” Finance Minister Pranab Mukherjee said on rise in food prices at the […]

    Banking

    World Bank approves USD 220 million for Kosi flood rebuilding

    The World Bank has approved a USD 220 million credit to support rebuilding efforts in areas affected by the devastating Kosi floods in Bihar. The Bihar Kosi Flood Recovery Project will finance flood recovery efforts through the reconstruction of about 100,000 houses, 90 bridges and 290 kilometres of rural roads, the World Bank said in […]

    Banking

    RBI asks banks to help debt-ridden aviation sector

    The Reserve Bank has asked lenders to work out a special concessional package for the crisis-ridden aviation sector, reeling under financial debt burden of staggering 60,000 crore. In response, banks said they would look into the problems of airlines on case-by-case basis. The Indian airline industry is facing mounting debts due to the economic downturn […]

    Banking

    RBI to look into deregulation of interest rate on savings

    The Reserve Bank said on Wednesday that it will soon set up a working group to examine the possibility of deregulation of interest rates on savings account. “Deregulation of interest rate is on our radar. A working group will soon be set up to examine the possibility of deregulating of interest rates,” RBI Deputy Governor […]

    Banking

    HDFC Ltd Launches Dual Rate Product – 4

    Mumbai, Maharashtra, India: Highlights: • 8.50% p.a. Fixed Rate up to 31st March, 2011, 9.50% p.a. for period between 1st April, 2011 and 31st March, 2012 and Floating Rate for the Balance term. • Same Interest Rates irrespective of the Loan amount. HDFC Ltd has introduced Dual Rate Home Loan – 4 (DRHL- 4). This […]

    Banking

    Strike call to hit banking operations on Tuesday

    Banking operations are expected to be hit on 7th September, with the All-India Bank Employees Association joining the nationwide strike called by several unions to protest against the price rise, unemployment, grant of licences to private banks and other issues. Nearly 10 lakh employees from 27 public sector banks, 18 foreign banks, 26 private banks, […]

    Banking

    SBI mulling merger of associate banks

    State Bank of India (SBI) is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years. “It (merger of other associate banks) is in my mind, but we have to see,” SBI Chairman O P Bhatt said. “We have to check […]

    Banking

    World Bank to provide USD 1 billion to Pakistan

    The World Bank will increase its flood-related support to Pakistan to USD 1 billion from the previously announced USD 900 million. World Bank Group President Robert B Zoellick informed Pakistan’s Finance Minister Hafeez Shaikh about his decision and emphasised the Bank Group’s commitment to help Pakistan recover from the worst floods in its history “As […]

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