APN News

  • Monday, March, 2019| Today's Market | Current Time: 07:37:05
  • Assocham calls for 50-100 new pvt banking licences

    Taking all stakeholders by surprise, industry body Assocham on Friday suggested that the Reserve Bank issue between 50-100 new private bank licences in the current round of allowing new entrants. “At least 50-100 licences should be given so that an explosion of competitive spirit happens, like it did with the insurance sector,” President of the […]

    Mukherjee to push quota reform at IMF, World Bank meeting

    Quota reform is one of the key issues that Finance Minister Pranab Mukherjee will raise at the annual meeting of the International Monetary Fund and the World Bank, which kicks off in Washington on Thursday. “Quota reforms in IMF is one of our basic object… we want at least 5 to 6 per cent quota […]

    ACE Group Reaches Agreement to Acquire Jerneh Insurance Berhad in Malaysia

    United States: The ACE Group of insurance and reinsurance companies today announced that it has signed a definitive agreement to acquire 100% of Jerneh Insurance Berhad, a general insurance company in Malaysia that is majority owned by Jerneh Asia Berhad, which is listed on Bursa Malaysia Securities Berhad. Established in 1970 and currently a top […]

    ICICI Bank Adopts Wincor Nixdorf’s ProView Solution for ATM Monitoring

    Mumbai: India’s largest private sector bank, ICICI has adopted an integrated ATM monitoring solution from Wincor Nixdorf. Wincor Nixdorf’s ProView software would remotely monitor the ICICI Bank ATM network spread across vast geography of the country. The bank has a large, geographically dispersed reliable self-service network comprising of ATMs and cash dispensers. Deploying tools capable […]

    Auto, home loans to go up as 5 more banks increase base rates

    Auto and home loans will be costlier this festive season as five more lenders including big players like ICICI, HDFC and Bank of Baroda on Tuesday raised their base rates-below which they can’t lend by up to 50 basis points. Country’s largest private sector lender ICICI Bank said it would up its base rate by […]

    BMW Group launches BMW Financial Services in India.

    Gurgaon: The BMW Group launched BMW Financial Services as a new business entity in India. BMW Financial Services is a 100% subsidiary of the BMW Group and is headquartered in Gurgaon (National Capital Region). BMW Financial Services has received license to operate as a Non-Banking Finance Company (NBFC) from the Reserve Bank of India (RBI). […]

    Citibank PremierMiles Card Sets A New Paradigm in Travel & Leisure

    New Delhi–Citibank N.A. today announced the launch of the Citibank PremierMiles Credit Card. This new Card differentiates itself by offering frequent flyers a ‘universal’ mileage platform that enables them the unique freedom and flexibility to earn miles on their travel on over 50 domestic and international airlines such as Jet Airways, Kingfisher Airlines, Singapore Airlines, […]

    HDFC Bank Ties up with Chitkara University

    HDFC Bank, one of India’s premier banks, has tied up with Chitkara University to initiate a Joint Certification Program to train and equip its students with skills essential for the Banking sector. This initiative will create a ready talent pool to cater to the requirements of banking and financial institutions. In return, students will garner specialised […]

    Australian Finance Department Urges Spending Cuts

    Australia’s Finance Department on Saturday warned the Federal Government its plans to achieve a budget surplus by the 2012-2013 financial year are at risk without cuts to spending. In its briefing papers to the incoming minister, the department said the Government would need to find additional savings and restrict new spending. According to Fairfax news, […]

    FICCI-Aditya Birla CSR Centre for Excellence Joins Aide et Action International in Raising Debates on the Changing Paradigm of Corporate Social Responsibility

    Hyderabad:The global financial crisis followed by economic recession in several parts of the world, have had unprecedented impact on the world. Though Indian story has been of positive growth, this impact is being estimated in terms of declining rates of economic growth, capital flows, investments, fiscal deficit, investor confidence, and the like. Global economic growth […]