APN News

  • Tuesday, July, 2019| Today's Market | Current Time: 01:52:22
  • 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 […]

    UTI Mutual Fund introduces “CanServe”- a new facility

    UTI Mutual Fund has introduced a new facility called “CanServe” with effect from August 26, 2015 for investments (fresh as well as existing) under UTI Balanced Fund, UTI Spread Fund and UTI Mastershare Unit Scheme. “CanServe” will enable investors to contribute their dividend payouts if they are under dividend payout option or specified amounts as […]

    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 […]

    ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector

    Mumbai: ICICI Bank, India’s largest private sector bank, today announced the launch of the country’s first ‘Mortgage Guarantee’ backed loans for retail customers aspiring to purchase their first homes in the affordable housing segment. Christened ‘ICICI Bank Extraa Home Loans’, it allows a borrower to enhance the loan amount by up to 20% and also […]

    Bandhan Bank commences operations in India with 501 branches

    Kolkata: Shri Arun Jaitley, Hon’ble Minister of Finance, Corporate Affairs and Information and Broadcasting

    IDBI Bank launches Tab Banking

    Mumbai : IDBI Bank launched its Tab Banking solution christened ‘JusTab’ which will facilitate opening of accounts at customers’ door step using Tablet. The Bank’s official will visit the customer at home / office and get the account opening process completed including obtaining KYC documents and photograph. Data captured using Tablet will be transferred to […]

    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, […]

    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 […]

    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 […]