APN News

  • Thursday, October, 2019| Today's Market | Current Time: 10:49:09
  • SBI employees rank bottom among PSBs in bringing business: RBI

    Country’s largest lender State Bank of India has over 2 lakh employees but when it comes to bringing business, the staff is ranked bottom among the public sector banks, according to the RBI data on profile of banks 2009-10.  As per the data, average business brought by each employee of SBI stood at Rs 6.36 crore, […]

    DBS Invests SGD 200 Million in DBS Asia Hub as Part of Multi-Year, Multi-Market Strategic Occupancy Plan

    Singapore– DBS Group Holdings Chairman Peter Seah today officially opened the bank’s brand new purpose-built facility, DBS Asia Hub. The new facility occupies over 340,000 square feet and is one of the largest banking operations facilities at the Changi Business Park. DBS Asia Hub will house more than 3,000, or over 40% of DBS’ Singapore-based […]

    Wolters Kluwer Financial Services Acquires FRSGlobal

    Minneapolis, Belgium, Brussels, United States: Wolters Kluwer Financial Services, a comprehensive regulatory compliance and risk management business, has announced the acquisition of FRSGlobal, a Brussels-based global financial regulatory reporting and risk management business, from The Carlyle Group and growth equity investor Kennet Partners. FRSGlobal’s solutions enable international financial institutions to centralize multi-country risk and regulatory […]

    Covidien Announces Dividend Increase of 11%

    Dublin, Ireland:  Covidien plc (NYSE: COV) has announced that its Board of Directors has declared an 11% increase in the quarterly dividend rate, from $0.18 per ordinary share to $0.20 per ordinary share. “This marks the second dividend increase in the last twelve months, reflecting our good performance to date this year, and our confidence […]

    Canara HSBC Oriental Bank of Commerce Life Insurance in Top League

    New Delhi,  India: • Established itself amongst TOP TEN private players within 26 months of launch • Achieved the highest 13-month persistency ratio for private players at 88% for April-June quarter • New products lay greater emphasis on protection along with long term wealth creation — Launched a traditional endowment product with Sum Assured Additions […]

    Lowenhaupt Global Advisors and Rogerscasey Offer Services to Strengthen Investment and Risk Management for Families of Significant Wealth

    St. Louis & Darien, Connecticut, United States: Lowenhaupt Global Advisors and Rogerscasey has announced an agreement to provide services to help ultra high net worth families strengthen their investment management and improve the efficiency and effectiveness of their family office. Rogerscasey is one of the world’s leading institutional investment solutions firms, with $315 billion in […]

    REC gets infrastructure finance company status

    State-run Rural Electrification Corporation on Monday said the Reserve Bank has granted it the infrastructure finance company status which would allow the firm to lend more to power projects. The Reserve Bank of India (RBI) has now categorised the Rural Electrification Corporation Limited as an Infrastructure Finance Company (IFC), REC said in a statement. REC […]

    DISPPL Launches The New GSM Based Security Systems in India

    Noida, India —  DISPPL, A pioneer in banking security announces the launch of new GSM based Alarm system into the Indian banking security Market. Digitals India Security Products Pvt Ltd., No. 1 integrator in the banking security, has specially designed this system to meet the growing security requirement of the Indian Banks. The New Guard […]

    Tech banking can help govt schemes reach the poor faster: PM

    Prime Minister Manmohan Singh wants technology-driven banking models to be fully exploited so that the benefits of the UPA flagship programmes, such as NREGA and pensions, reach the villages faster. “The Prime Minister desired that these technology driven banking models must be fully exploited to ensure that the benefits under the various Government programs such […]

    RBI’s rate move is a step in right direction: Pranab

    The govt has said the Reserve Bank’s steps to raise short-term lending and borrowing rates while refraining from hiking the requirement for mandatory bank deposits will combat inflation without hurting growth. Finance Minister Pranab Mukherjee lauded RBI for raising short-term lending (repo) rate by 25 basis points to 6 percent and borrowing (reverse repo) rate […]