APN News

  • Monday, January, 2019| Today's Market | Current Time: 02:51:35
  • RBI asks banks to stop Rs 1,000 notes without security thread

    Mumbai:  RBI has asked the banks not to issue 1,000 rupee denomination without the security thread. The bank said it has received complaints about notes of 1,000 rupee denomination without the security thread being in circulation. Reserve Bank said it has informed all banks in Mumbai region not to issue such notes if found in […]

    Govt considering Mudra loan through postal bank

    New Delhi:  Nearly 1.73 crore people have availed the benefit of the Pradhan Mantri Mudra Yojana, PMMY so far since the launch of the scheme in April last year. Participating in the Public Speak Programme of All India Radio last night, Special Secretary (Financial Services) Snehlata Shrivastava said, the government is making all efforts to […]

    Statement from ICICI Bank on Chennai

    An ICICI Bank spokesperson said: “ICICI Bank will not levy any penalty for its customers in Chennai for delay in EMI and credit card payments for the month of November. It will also waive off charges for cheque bounce in the same period.” Source : Lokesh Shastri

    State Bank of India Q2 net profit up 24% to Rs. 4,991.7 crore

    Mumbai   : State Bank of India has announced the following results for the quarter ended September 30, 2015. The bank reported 21.66 per cent rise in its net profit at Rs. 4,991.7 crore for the quarter ended September 30, 2015 as compared to Rs. 4,023.8 crore for the quarter ended September 30, 2014.  The bank’s […]

    Resident Indians can avail low interest mortgages by UAE banks

    Mumbai: Residents of India exploring investment options in Dubai property can now double up their buying power, courtesy low-interest home loans facilitated by UAE banks. Indians can avail 50 to 60 percent of their property value, financing up to USD 5 million at as low as 2.99 percent interest rate. With financing period of up […]

    Vigilance Awareness Week 2015 at IDBI Bank Ltd.

    Mumbai: Vigilance Awareness Week is being observed by IDBI Bank Ltd. from October 26 to 31, 2015. The theme of this year’s Vigilance Awareness Week is “Preventive Vigilance as a tool of Good Governance”.  The Vigilance Awareness Week commenced with the administration of Pledge by Shri B.K. Batra, Deputy Managing Director of the Bank to […]

    IDBI Bank loans to become cheaper following 25 bps reduction in Base Rate

    Mumbai : IDBI Bank’s loans, linked to Base Rate will become cheaper following a 25 bps reduction in its Base Rate to 9.75% p.a. with effect from October 05, 2015. IDBI Bank has taken this pro-active step, keeping in view the recent policy measures announced by the RBI. The reduction in interest rate is expected […]

    “Exim Bank Extends A Line Of Credit Of Usd 35 Million To The Government Of The Republic Of Guinea’.”

    Mumbai: Export-Import Bank of India (Exim Bank) has, at the behest of the Government of India, extended a Line of Credit (LOC) of USD 35 million to the Government of the Republic of Guinea, for Construction and Upgradation of Regional Hospitals at Kankan and Nzerekore in Guinea. The LOC Agreement to this effect was signed […]

    BANK OF MAHATRASHTRA CONVENES 128TH SLBC MEETING

    Bank of Maharashtra, Convener of the State Level Bankers’ Committee for Maharashtra State, convened 128th meeting of SLBC on 04.09.2015 at Mumbai. Shri S. Muhnot, C & MD Bank of Maharashtra & Chairman, State Level Bankers’ Committee, Maharashtra presided over the meeting. The meeting was attended by Shri D.K. Jain, Additional Chief Secretary, Agriculture & […]

    Sector to Gain from Reduced Banking Rates

    In a move that will provide a huge help in driving the demand for real estate sector in our country, a handful of banks have slashed their lending rates and a few have made a cut in their deposit rates which is considered a sign for future reduction in lending rates. A drop in lending […]