APN News

  • Monday, June, 2019| Today's Market | Current Time: 08:43:49
  • 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 […]

    Banking sector sees weak credit demand due to higher risk aversion: Dun & Bradstreet Top Banks 2015

    Credit growth of scheduled commercial banks (SCBs) decelerated from 14.5% in FY14 to 9.7% in FY15 on account of increased risk aversion on account of deterioration in asset quality and availability of alternative sources of funds. The total income of the banks saw 12.5% growth in FY14 decelerating to 10.7% in FY15, gross interest income […]

    Comments of Ms Chanda Kochhar, MD and CEO, ICICI Bank on RBI’s announcement about domestic systematically important banks-

    Given our size and significant presence across the financial sector, it was expected that ICICI Bank would be classified as systemically important. The Bank’s capital adequacy is well in excess of regulatory requirements and the Bank is not expected to require fresh equity capital for the next couple of years. Source : Sachin Murdeshwar

    SBI and ICICI Bank classified as Domestic Systemically Important Banks

    Views of  Parag Jariwala, VP – Institutional Research, Banking and Financial services, Religare Capital Markets Ltd.,  on the SBI and ICICI Bank SBI and ICICI Bank classified as Domestic Systemically Important Banks The RBI has classified SBI and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). Consecutively, the additional Common Equity Tier 1 (CET1) requirement […]

    SBI Chairman Arundhati Bhattacharya Inaugurates New Corporate Office of SBICAP Securities

    Mumbai: Smt. Arundhati Bhattacharya, the Chairman of State Bank of India, inaugurated the new corporate office of SBICAP Securities Ltd (SSL) in Lower Parel, Mumbai. The function was also graced by the senior management of SBI, comprising of MDs, DMDs and CGMs. The new office, located on the 12th Floor of Marathon Futurex, spans two […]

    ICICI guarantee-backed home loan: By-product of increased competition?

    ICICI Bank launched the country’s first mortgage guarantee-backed home loan that will allow consumers to increase borrowing by 5-20% and the tenure up to 67 years of age (Banks generally restrict repayment period till 60 yrs). The bank will provide loans high than eligibility criteria for a fee 1-2% which is the insurance premium for […]