APN News

  • Monday, June, 2019| Today's Market | Current Time: 08:09:44
  • Fintech Start-ups to Promote Financial Innovations in Banking Sector: Ken Research

    Indian banking is the lifeline of the nation and its people. Banking has helped in developing the vital sectors of the economy. The sector has translated the hopes and aspirations of millions of people into reality. But to do so, it has had to pass miles and miles of difficult terrain. Today, Indian banks can […]

    CVC warns against bank staff, spouses pooling money via NGOs

    New Delhi: The Central Vigilance Commission has red-flagged the setting up of NGOs by employees of public sector banks and enterprises to get donations from contractors or other persons having official dealings with them and has warned them of strict action. The move comes as the Commission has observed instances of associations and organisations, formed […]

    PSU bank employees on strike, operations hit

    Services at around 80,000 bank branches in the country are hit today as employees of public sector banks are on a one-day strike to protest proposed merger of SBI’s associate banks with SBI and banking reforms announced by the government. However, private sector banks are working as usual. Most of the public sector banks including […]

    Opening of Bank branches in rural areas

      New Delhi; To promote financial inclusion and to extend the banking network in unbanked areas, general permission has been granted by Reserve Bank of India (RBI) to domestic Scheduled Commercial Banks including Public Sector Banks (excluding Regional Rural Banks) to open branches at any place in the country, without seeking prior approval of RBI […]

    ICICI Bank announces winners of the second season of ‘Creative Masters’ – an online drawing competition

    Mumbai: ICICI Bank announced the winners of the second season of ‘Creative Masters’, a unique online drawing competition which connected with lakhs of participants, felicitated select winners and mobilized funds for the welfare of under-privileged children. As many as 14.92 lakh participants from various age groups took part in the contest and made depictions on […]

    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 […]