APN News

  • Tuesday, August, 2020| Today's Market | Current Time: 08:48:50
  • 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 […]

    Monetary tightening having impact; inflation will moderate: RBI

    The Reserve Bank has expressed concern over high food inflation, but asserted that its tight money policy was having impact and price rise would moderate in the next few months. “Food picture remains a matter of some concern. Despite numbers coming down, it is still high. We do expect the numbers to come down in […]

    RBI concerned over sharp fall in IIP numbers: Gokarn

    Reserve Bank Deputy Governor Subir Gokarn on Saturday expressed concern over the sharp fall in factory output growth, saying the latest numbers are disconcerting. However, he was quick to add that the other key indicators such as the corporate earnings and tax collection numbers show that the recovery process is on track, though they may […]

    Brokers responsible for purchase, redemption of MF units: SEBI

    Giving relief to mutual fund houses, the market regulator SEBI has said brokers would be responsible for sale and redemption of units being bought by investors from the secondary market. “Payment of redemption proceeds to the broker/clearing members by MF/AMC shall discharge MF/AMC of its obligation of payment to individual investor,” SEBI said in a […]

    Housing loans grow 20 pc to Rs 3.15 lakh cr last fiscal: RBI

    The Reserve Bank of India has said that home loan disbursals rose by 20 percent to Rs 3.15 lakh crore in 2009-10 compared to the year-ago period, primarily helped by lower interest rate. In its report ‘Trend and Progress of Banking in India 2009-10′, RBI said that while home advances rose, loans for other retail […]

    US remains a prime source of investment: FM

    Finance Minister Pranab Mukherjee on Monday said the US remains a prime source of investment and an important trading partner for India. “Economic policy, finance and trade constitute important planks of our bilateral relations. For us, the US remains a prime source of investment, technology and an important trading partner,” Mukherjee said while addressing a […]

    India among 40 most improved economies easing biz regulations

    India is among the 40 most- improved economies since 2005 which made significant changes in improving business regulations at a steady pace, the International Finance Corporation, a wing of the World Bank, has said. “Since 2005, India has implemented 18 business regulation reforms in seven areas covered by doing business, creating more opportunities for local […]

    RBI raises key rates; FM says may impact short-term growth

    Hardening its stance on inflation, RBI on Tuesday raised some key policy rates prompting Finance Minister Pranab Mukherjee to caution that it could have some short-term negative impact on growth. The apex bank increased its short-term lending (repo) and borrowing (reverse repo) rates by 25 basis points to 6.25 per cent and 5.25 per cent […]

    Bankers do not see immediate hike in interest rates

    The Reserve Bank’s mid-year tightening of the monetary policy is not likely to make home, car and other loans more costly immediately, but pressure on interest rates is likely to build up in the coming months, according to top bankers. “There will be no immediate increase in interest rates after the (RBI) rate hike… There […]

    RBI raises lending, borrowing rates by 25bps; CRR unchanged

    The Reserve Bank on Tuesday hiked its key short-term lending and borrowing rates by 25 basis points each with immediate effect to rein in inflation, a move that could increase banks’ commercial lending rates. Accordingly, the short term lending rate or (repo rate) stands at 6.25 percent and the borrowing rate (reverse repo) at 5.25 […]