APN News

  • Monday, January, 2019| Today's Market | Current Time: 02:51:17

    • Banking

    SBI Ecowrap – Retail inflation crashes to 3.78% : Likely to be sub 3.5% by Aug

    “Retail inflation crashes to 3.78%: Likely to be sub 3.5% by Aug” for your perusal. “Retail inflation crashed to 3.78% in Jun’15, buoyed a entrenched disinflationary impetus. In fact, if we strip out the impact of downward impact of transportation component (core of core inflation) and balance it with the upward impact of pulse prices, […]

    Banking

    IndusInd Bank raises Rs. 5,081 crores common equity via QIP and Preferential Issuances

    Mumbai: With the completion of the preferential issue to Promoters, IndusInd Bank has, in combination with the recent QIP issue, successfully raised Rs. 5,081 crores of common equity through issuance of 6 crore new shares. The raised capital will be used to support the Bank’s growth and also augment total Capital Adequacy Ratio. The QIP […]

    Banking

    Federal Bank Launches Fed-E-Credit – First Digital Loan from the Bank

    Mumbai  : Federal Bank launched Fed-E-Credit, the Bank’s first digital loan. Fed-E-Credit is an online loan against deposit, and is the first in the series of online loan products planned by the Bank. Through Fed-E-Credit, customers can apply for loans against their fixed deposits online through FedNet (Internet banking facility), and avail an amount up […]

    Banking

    IDBI Bank revises Deposit rates

    Mumbai : IDBI Bank has reduced the interest rates on Retail Term Deposit (RTD) by 40 bps for the maturity bucket ‘6 months 1 day upto 270 days’ and by 25 bps for various maturity buckets from ‘271 days upto 10 years’. The mark-up for Senior Citizens at 50 bps over the Card rate would […]

    Banking

    Bank’s Results For First Quarter Ended June 30, 2015

    *     Net Profit increased to Rs.203 crore from Rs. 192 crore in June 2014, recording Y-o-Y growth of        5.73%. *     Total Income increased to Rs.7,099 crore from Rs. 6,928 crore in June 2014, recording Y-o-Y growth of   2.47%. *     Total Interest Income increased to Rs.6,685 crore from Rs. 6,497 crore in June 2014, recording              Y-o-Y […]

    Banking

    Bank of Maharashtra paid Rs.67.87 Cr dividend to Govt. of India

    Shri. S. Muhnot, Chairman & Managing Director of Bank of Maharashtra presented a dividend warrant of Rs.67.87 Crores for the financial year 2014-15 to the Honourable Finance Minister of India Shri. Arun Jaitley in a formal event held in New Delhi. Shri R. Athmaram & Shri R. K. Gupta, Executive Directors of the Bank were […]

    Banking

    IndusInd Bank receives RBI approval to set up IFSC Banking Unit (IBU) in GIFT unit

    Mumbai : IndusInd Bank has received approvals to set up an International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). IndusInd Bank’s International Banking Unit (IBU) will provide the bank access to International financial markets and will allow IndusInd to deliver a complete range of products to its clients with foreign currency […]

    Banking

    Central Bank Of India Revises Interest Rates On FCNR-B DEPOSITS

    The Bank now offers interest of 2.82 % for USD Deposit of 5 Years, 2.79 % for GBP Deposit of 5 Years, 1.47 % for EURO Deposit of 5 Years, 2.30% for CANADIAN DOLLAR Deposit of 5 Years & 3.65 % for AUSTRALIAN DOLLAR Deposit of 5 Years. These rates are revised based on the […]

    Banking

    Lakshmi Vilas Bank Pays Homage To Dr. Abdul Kalam By Working Extra Hours

    Lakshmi Vilas Bank has decided to pay homage to the former President of India Dr. A.P.J.Abdul Kalam by doing some thing which he had wanted to be done i.e work extra hours. In a joint statement,  the Managing Director of Lakshmi Vilas Bank Sri. Rakesh Sharma, the General Secretary of Lakshmi Vilas Bank Officers Association […]

    Banking

    EXIM Bank’s expectation for RBI BI-MONTHLY MONETARY POLICY

    The RBI in its second bi-monthly monetary policy in June 2015 had cut policy (repo) rates by 25 basis points, the third rate cut in 2015. All other policy tools like cash reserve ratio and statutory liquidity ratio remained unchanged in the second review. RATIONALE FOR RATE CUT IN JUNE-2015 1.       Transmission of Rate Cuts […]

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