APN News

  • Monday, June, 2020| Today's Market | Current Time: 05:52:43
  • France to invest Eur 10 bn in India by 2012: Christine Lagarde

    French companies are committed to invest euro 10 billion (USD 13.37 bn) in India by 2012, the country’s Minister of Economy and Finance Christine Lagarde said. “This is not just a figure (Euro 10 billion). It is the commitment by French companies between 2008-2012,” Lagarde said while addressing India-France Business Forum at Ficci in New […]

    Carlos Gutierrez to Join Citi as Vice Chairman of Institutional Clients Group

    New York : Citi announced that Carlos Gutierrez will join the Firm as a Vice Chairman of the Institutional Clients Group and a member of the Senior Strategic Advisory Group. Mr. Gutierrez joins Citi from Global Political Strategies (GPS), a division of global strategic communications firm APCO Worldwide, where he was Chairman of GPS. He […]

    Resist from raising too much money from MFs: PMEAC to banks

    The Prime Ministers economic panel has cautioned banks against heavy dependence on mutual funds for meeting funding requirements, saying that the money from that source is volatile. “Funding provided by mutual funds (MFs) can be volatile (as) the bulk of bank CDs has a maturity of three months or less,” Prime Ministers Economic Advisory Council […]

    ICICI raises rates, SBI may hike deposit rates next week

    Soon after ICICI Bank decided to raise deposit and lending rates by up to 50 basis points, the country’s largest lender State Bank of India (SBI) said it too could raise deposit rates in the similar range. The announcements came a day after RBI Governor D Subbarao asked banks to hike deposit rates and lower lending rates, with […]

    FinMin to take a view on Khandelwal panel report soon: Jt Secy

    Government is studying Khandelwal committee report that seeks to cap bank salaries over the next five years, and will come out with a decision on its implementation soon, a Finance Ministry official said. “We are studying the Khandelwal report and will come out with our view on its implementation shortly,” Finance Ministry joint secretary, banking […]

    Some banking regulations confusing,need streamling: Subbarao

    Reserve bank governor D Subbarao on Friday pitched for streamlining banking regulations, saying some were “confusing” even though they served the banking system well. On the existing arrays of laws in the banking sector, he favoured a single legislation to remove inconsistencies. Subbarao also asserted that the proposed financial sector reforms should be driven more […]

    WB approves USD 45 million loan to NHAI

    The World Bank has approved a USD 45 million technical assistance loan for the National Highways Authority of India (NHAI) to help improve its operational efficiency. The assistance will finance actions to strengthen the institutional capacity of NHAI to efficiently manage and operate its growing programme, a bank statement said. The loan from the International […]

    Central Bank of Seychelles goes Live with Polaris’ IntellectTM Core Banking System for Central Banks

    Chennai : Polaris Software, a leading Financial Technology company, today announced that Central Bank of Seychelles, the central authority responsible for all monetary issues in the country, has gone live with Polaris’ IntellectTM Core Banking System (CBS) for Central Banks. Powered by our innovative Xtreme Account Posting Gateway (XAP) Technology, the solution has been designed […]

    PKO Bank Polski Selects Gemalto for First Large-Scale Rollout of EMV Contactless Payment Cards in Poland

    Netherlands and Poland : Gemalto, the world leader in digital security, announces it has been selected by PKO Bank Polski for the migration of its entire portfolio of Visa debit cards for individual clients, from magnetic stripe technology straight to EMV contactless. PKO Bank Polski S.A. is the largest financial institution in Poland serving more […]

    RBI action to inject liquidity in the system: Finmin

    The Finance Ministry said RBI action to allow banks to borrow more funds from it would inject liquidity into the system that is facing a cash crunch due to a slew of IPOs and busy credit season. “They have taken some action yesterday and that would put money in the system and (RBI) would keep […]