APN News

  • Wednesday, July, 2022| Today's Market | Current Time: 10:59:40
  • Inauguration of Top Ranking Public Sector Punjab National Bank ATM at Shridhar University Pilani Rajasthan

    Pilani: With over 56 million satisfied customers and more than 5000 offices including 5 overseas branches, PNB with strong fundamentals, large franchise value and good brand image has continued to retain its leadership position amongst the nationalized banks. Besides being ranked as one of India’s top service brands, PNB has remained fully committed to its […]

    Banking licence draft guideline by end of this month: Finmin

    The Reserve Bank will announce draft guidelines for giving new banking licences in the next few days, the Finance Ministry said on Monday. “RBI will come up with the guidelines by the end of this month,” Department of Economic Affairs Secretary R Gopalan told reporters on the sidelines of a CII function in New Delhi […]

    Govt, RBI working to lower banking costs, expand reach: FM

    Expressing concern over high costs and limited reach of banking services, Finance Minister Pranab Mukherjee on Sunday said that the government was working in collaboration with RBI to address these concerns. “The cost of banking intermediaries in India is high and bank penetration is limited to only a few customer segments and geographies,” Mukherjee said […]

    Religare Wins the Award for “Best Brokerage Research House”

    Mumbai: Religare Capital Markets Limited (RCML), the Investment Banking and Institutional Securities arm of financial services group, Religare Enterprises Limited, has been awarded the coveted Starmine Award for the ‘Best Brokerage Research house’. At a glittering awards ceremony in Mumbai, RCML was the only firm to be so honored, for the overall excellence of its […]

    BankMuscat Becomes World’s First Bank to be People CMM® Maturity Level 3 Certified

    New Delhi: QAI (www.qaiglobal.com), the leading global consulting and workforce development organization, has recently assessed BankMuscat at People CMM® Maturity Level 3, helping it become the world’s first bank to achieve this accreditation for its human resource processes and capabilities. The People Capability Maturity Model® (People CMM®) is a maturity framework developed at the Software […]

    ICICI Bank and Intuit Launch “Money Manager”

    Mumbai: ICICI Bank Ltd, India’s largest private sector Bank and Intuit, a leading global developer of business and personal finance management solutions, today announced the launch of “Money Manager”. It is an on-line personal finance management solution which helps banking customers understand their spending habits and organize their finances by providing them with details of […]

    Bloomberg FIT Breaks $1 Trillion in OTC Derivative Volume

    United States : Bloomberg Fixed-Income Trading executives has announced that they have broken through the $1 trillion mark in electronically traded interest-rate swaps and credit default swaps for 2011. More than 16,000 trades have been executed on Bloomberg’s Fixed-Income Trading (FIT) platform so far this year, with 23 dealers and more than 450 buy-side participants, […]

    Union Cabinet clears State Bank of India (Amendment) Bill

    The Union Cabinet on Thursday cleared the State Bank of India (Amendment) Bill for introduction in the current session of Parliament. Among other things, the Bill seeks to bring down the government’s holding in State Bank of India (SBI) from the current 59.4 per cent to 51 per cent on a par with other public […]

    Finance Ministry approves higher interest rate of 9.5 per cent for EPF

    The Finance Ministry has approved higher interest of 9.5 per cent for depositors with the Employees’ Provident Fund Organisation for the year 2010-11. A recommendation to this effect was made by the EPF Board earlier. The Central Provident Fund Commissioner Samirendra Chatterjee said in New Delhi that Finance Ministry ratified the proposal of the board […]

    Hike in key rates to help moderate prices: Pranab

    Finance Minister Pranab Mukherjee on Thursday said RBI’s decision to raise key policy rates would help in moderating prices and felt that inflation might go up marginally against earlier projected levels by March-end. “We can say (inflation for March-end) may be 7.5 per cent,” Mukherjee told reporters in his reaction to RBI raising its own […]