APN News

  • Monday, June, 2020| Today's Market | Current Time: 05:55:44
  • FM asks lenders to check exposure to firms named by CBI

    Finance Minister Pranab Mukherjee on Thursday directed public sector lenders and insurers to look into their exposures to various companies mentioned in the CBI application filed in court in connection with housing finance racket busted by the investing agency on Wednesday. At a review meeting with officers of the Department of Financial Services on the […]

    Govt confident of meeting Rs 40,000-cr divestment targe

    Buoyed by the strong response to its PSUs shares sales, the government exuded confidence that it would meet the disinvestment target of Rs 40,000 crore for the current fiscal. “Of course, the government will achieve the target of Rs 40,000 crore, which has been provided in the Budget and the evidence is before us,” Disinvestment […]

    Crisil puts debt papers of 12 MFIs under rating watch

    Rating agency Crisil has placed debt instruments of 12 microfinance institutions, including SKS Microfinance, under rating watch which could adversely impact their future gradings, as an ordinance issued by Andhra Pradesh can damage their business models. Half of the 12 microfinance institutions (MFIs) mentioned by Crisil have currently a rating of below ‘BB’, which signifies […]

    Foreclosureindia.com Widens Scope- Bank NPA disposal Made Easy

    Hyderabad: India’s one and only internet portal exclusively listing auction properties of the banks and financial institutions, has made great progress in serving both the banks and public. The vision to provide a wider base of prospective buyers for their assets under sale has been well appreciated by the bankers across the country. Banks like […]

    Citibank And Visa Launch The World’s First Visa Platinum Travel Prepaid Card

    Mumbai :Citibank and Visa today announced the launch of the Citibank World Money Visa Platinum Card, the world’s first Visa Platinum Travel Prepaid card, bringing together the benefits of both Citibank’s best-in-class Travel Prepaid cards platform and Visa Platinum cards, for the first time. Available in six foreign currencies – USD, Euro, Pound, Australian Dollar, […]

    FM wants CAG to suggests measures for checking tax leakages

    Concerned over revenue leakages, Finance Minister Pranab Mukherjee on Tuesday asked the government auditor CAG to suggest corrective measures for raising tax and non-tax receipts. “…I would like the CAG (Comptroller and Auditor General) to analyse the areas where there are leakages in government revenue and recommend corrective measures to increase not only the tax […]

    RBI reference rates for US dollar and euro

    The Reserve Bank of India (RBI) tuesday fixed the reference rate for the US dollar at Rs 45.22 and the euro at Rs 61.55, as against Rs 45.14 per dollar and Rs 61.74 per euro Monday. In a press release issued by the RBI, the exchange rate of the pound and yen against the rupee […]

    Canara HSBC Oriental Bank of Commerce Life Insurance Appoints Chirag Jain as Chief Operating Officer Image file

    New Delhi : Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited – a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, announced the appointment of Mr Chirag Jain as the Chief Operating Officer. He succeeds Mr K […]

    China attaches great significance to ties with India: FM

    Ahead of Premier Wen Jiabao’s India visit next month, China has said it attached great significance to its ties with New Delhi as the relationship had global influence and strategic importance. Chinese Foreign Minister Yang Jiechi stated this during his meeting with External Affairs Minister S M Krishna in Wuhan at China Sunday night on […]

    SBI Deploys UNIKEN’s Secure TruBank (VPSI) H2H Solution for Cash Management

    Pune: State Bank of India, the country’s largest public sector bank, is implementing Uniken’s TruBank (VPSI) Host-to-Host secure and automated file transfer solution for securing their cash management application. “TruBank (VPSI) H2H is powered by Uniken’s cutting-edge REL-ID (relative identity) mutual authentication and encryption protocol (RMAP). This will enable SBI to offer an extremely secure […]