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  • Friday, July, 2020| Today's Market | Current Time: 09:13:36

    • Banking

    Reserve Bank to announce its second bi-monthly Monetary Policy of 2018-19 today

    The Reserve Bank of India (RBI) will announce its second bi-monthly Monetary Policy of 2018-19 in a short while from now. The Monetary Policy Committee, headed by RBI Governor Urjit Patel, held a three-day meeting in Mumbai.   The Markets opened higher with the BSE Sensex rebounding over 69 points in the opening trade today, […]

    Banking

    Top bankers to brief Parliamentary Standing Committee on Finance on mounting NPA, bank frauds

    New Delhi : Top officials of both public and private banks will brief the Parliamentary Standing Committee on Finance in New Delhi today on the issue of mounting Non-Performing Assets (NPAs) and bank frauds. The meeting is being called after the RBI Governor Urjit Patel said, the central bank does not have adequate powers to deal […]

    Banking

    Bank of India Net NPA’s in Q4 down by 2% QoQ

    By Sachin Murdeshwar     Mumbai  : Bank of India announced its audited results for the Q4 and FY 2017-18, following approval by its Board of Directors on May 28, 2018. BUSINESS: Global Business of the Bank stood at Rs.8,96,850 crore as on March 31, 2018 against Rs.933,820 crore as on March 31, 2017. The de-growth […]

    Banking

    CBI arrests four for cheating banks to the tune of Rs 2240 cr

    The CBI has arrested four persons including Directors of a Delhi based private

    Banking

    Prof. Barry Eichengreen to deliver Exim Bank’s 32nd Commencement Day Annual Lecture on “Capital Flows: What Do We Know?”

    Mumbai: Export-Import Bank of India (Exim Bank), will present the 32nd Commencement Annual Lecture on Monday, March 27, 2017, on the topic – “Capital Flows: What Do We Know?” by Prof. Barry Eichengreen, the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, […]

    Banking

    Cash withdrawal limits from banks removed

    Keeping up with the pace of re-monetisation, Reserve Bank of India has lifted all the limitations that were placed on cash withdrawals that were placed since November 8th last year.  This means the state of pre-demonetisation in the banks is restored. The central bank imposed restrictions on withdrawals from bank accounts in the wake of […]

    Banking

    Shri Damodharan Neelam & Shri Atanu Kumar Das join Bank of India as Executive Directors

    Mumbai :  The Government has appointed Shri Damodharan Neelam and Shri  Atanu Kumar  Das as Executive Directors of Bank of India.   Shri Damodharan Neelam has 33 years of experience in Banking covering areas like Corporate Credit, Loan Syndication, International Operations, Bank Subsidiaries, Retail Banking, Operations and NPA Management. He is a Science Graduate and […]

    Banking

    SBI to merge with associates from April 1

    In the largest consolidation exercise in the banking history of India, all the five associate banks will merge with State Bank of India, SBI, from the first of April. The bank said in a regulatory filing that the assets of State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State […]

    Banking

    Fake notes from SBI ATM: Govt to investigate matter

    The government today said it will investigate the matter related to the SBI ATM in South Delhi dispensing fake 2,000 rupees notes. Talking to reporters in New Delhi, Minister of State for Finance Santosh Kumar Gangwar said, that all possible steps will be taken to control generation of counterfeit currency. He said, the government is […]

    Banking

    From today cash withdrawal limit from Savings account is Rs 50,000

    Mumbai: Reserve Bank has enhanced the cash withdrawal limit from Savings Bank Account to 50,000 rupees from the existing 24,000 rupees from today. RBI has also said that all limits on cash withdrawals from Savings Bank Account will be withdrawn from 13th of next month.

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