APN News

  • Sunday, January, 2022| Today's Market | Current Time: 04:25:34
  • ING Vysya Bank Q3 Net Profit up 37%

    Bengaluru:  The Net Profit (PAT) of the Bank for the quarter ended 31 December 2010 increased by 37% to Rs. 83.0 crores compared to Rs. 60.6 crores reported in the corresponding quarter of the previous year. Net Interest Income (NII) for the quarter increased by 12% to Rs. 245.9 crores from Rs. 219.4 crores. Adjusted […]

    RBI relaxes norms to enable banks to support MFIs

    Reserve Bank on Wednesday relaxed the debt restructuring norms for the microfinance sector to enable banks to provide liquidity support to the crisis-ridden Micro Finance Institutions (MFIs). Attributing the current problems of the MFI sector to external factors the RBI said, the temporary measures being announced by the central bank would help in providing liquidity […]

    Max New York Life Launches ‘FLEXI Fortune’

    New Delhi  :  Max New York Life Insurance today, launched ‘FLEXI Fortune’, a unit-linked insurance plan that offers consumers the flexibility to customise the plan as per their needs through choice of policy tenure, life cover multiple and fund options. The customer value proposition of ‘FLEXI Fortune’ is further strengthened by its unique features of systematic […]

    Indirect tax collection up by 42 pc in first three quarters

    Indirect taxes grew by over 42 percent in the first three quarters of this fiscal compared to the previous fiscal year. According to an official release, over two lakh thirty seven thousand crore rupees were collected as indirect taxes till December. With this 75.7 percent of the Budget estimates for this fiscal have been achieved. […]

    Citi working on ‘fair compensation’ for affected customers

    Citibank, which has been hit by a Rs 400 fraud at its Gurgaon branch, said it is reconciling its accounts and working out a “fair compensation” for those customers affected by it. “This process will happen over a period of time. We would like to thank our customers for their patience and co-operation,” the bank […]

    RBI will take right action to stablise prices: Pranab

    Amid expectations that RBI will hike policy rates later this month to tame high inflation, Finance Minister Pranab Mukherjee on Friday said the central bank will take appropriate monetary action to stabilise prices. “Whenever the appropriate adjustment of the crucial rates is called for in the larger interest of the economy, including the price stabilistion, […]

    India and World Bank agree to advance green growth agenda

    India and the World Bank on Thursday agreed to further strengthen their partnership to advance India’s green-growth agenda. During their meeting, Environment Minister Jairam Ramesh and World Bank President Robert B Zoellick discussed the Government’s vision for a strong and sustainable development agenda. “The partnership between the World Bank and the Government of India will […]

    MasterCard and Gemalto Partner on Global Card Replacement Services

    Amsterdam: Gemalto the world leader in digital security, today announced that it has entered into an agreement to be MasterCard’s preferred emergency card replacement vendor worldwide. The service enables premium cardholders to receive their new card in 24 hours or less, even when on the move, anywhere in the world. Once notified of a lost […]

    Markit Acquires Risk Analytics Firm

    New York: Markit, a leading, global financial information services company, today announced that it has acquired QuIC Financial Technologies, Inc (QuIC). QuIC provides the world’s leading financial organisations with risk analytics solutions to test market and credit risk tolerance in financial portfolios and simulate risk at the enterprise level. The acquisition will enable Markit to […]

    Canara HSBC Oriental Bank of Commerce Life Insurance Forays into Child Protection Space

    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, has entered into child protection space by launching Canara HSBC Oriental Bank of Commerce Life Insurance […]