APN News

  • Sunday, February, 2023| Today's Market | Current Time: 07:45:53
  • FM confident of banks not hiking rates; lenders differ

    Finance minister Pranab Mukherjee exuded confidence that banks will not raise their interest rates in response to RBI’s tight monetary policy even as lenders indicated that they will be upping their lending and deposit rates. “No I don’t think so. Banks are fully aware of it and they have taken note of it and they […]

    FM to meet chiefs of public sector banks tomorrow

    Finance Minister Pranab Mukherjee will meet chiefs of public sector banks in New Delhi on Saturday, at a time when industrial growth has decelerated to a 13-month low of 7.1 per cent and interest rates have moved northward. The Finance Minister will also take stock of the financial performance of the banks and their projections […]

    Bajaj Auto Finance announces its new brand identity as Bajaj Finserv Lending.

     Bajaj Auto Finance has renamed its brand identity as Bajaj Finserv Lending. Bajaj Finserv is the financial services company of the Bajaj Group.The new identity is easily identifiable and yet distinct. Bajaj Auto Finance has renamed its brand identity as Bajaj Finserv Lending. Bajaj Finserv is the financial services company of the Bajaj Group. Its […]

    SBI Q1 net profit up 25% at Rs 2914 cr, beats estimates

     India’s largest bank – State Bank of India (SBI) has announced its results for the quarter ended June 2010. It has reported net profit of Rs 2,914 crore as against Rs 2,330.4 crore, a growth of 25.04% on year-on-year basis. Net interest income jumped 45.36% to Rs 7,304 crore from Rs 5,024.9 crore in same […]

    RBI proposes foreign investment in pvt banks below 50%

    The Reserve Bank on Wednesday suggested lowering the foreign investment limit in new private sector banks to below 50 per cent from 74 per cent currently, in order to strengthen the local banks.  “This would enable foreign capital to be used in the promotion of domestic banks … This would allow for foreign technical collaboration […]

    ICICI Bank signs pact for SMX Clearing and Settlement Membership

    ICICI Bank Limited  has entered into an agreement for clearing and settlement banking membership of Singapore Mercantile Exchange (SMX). This membership will enable ICICI Bank to provide clearing and settlement processing services to facilitate settlement of transactions executed on SMX. This membership will also facilitate ICICI Bank to provide a platform to the commodity market […]

    Barclays strengthens its ATM network in Mumbai and Delhi

    Mumbai: (India Prwire) Barclays, a leading global financial services provider, today announced that it will add 30 new off site ATMs in Mumbai and Delhi. These ATMs will be set up starting from the month of August 2010. The ATMs are being installed to increase Barclays reach and presence across these cities, further increasing the […]

    Corporation Bank signs agreement with UIDAI

    State-owned Corporation Bank Thursday said it has signed a memorandum of understanding (MoU) with Unique Identification Authority of India to act as Registrars for unique identification project ‘Aadhar’. As per the agreement, the bank would enroll customers for issuing a 16-digit unique identification number by collecting biometric and demographic details as per UID norms, Corporation […]

    Lakshmi Vilas Bank to raise domestic term deposits rates

    Lakshmi Vilas Bank has raised the interest rates on domestic term deposits from 181 days onwards to up to 2 years with effect from the 2nd of August, 2010. • The term deposit rate for 181-270 days has been raised by 50 basis points to 6.25% from 5.75% currently. • For deposits of 271-364 days […]

    BoI and Gupta Equities sign MOU for Online Share Trading

    n MOU was signed between Bank of India and Gupta Equities Private Limited on 25.6.2010 for offering Online Share Trading facility to the customers of the Bank. By virtue of this MOU, Bank of India Customers can enjoy an easy, transparent and speedy way to trade in shares that are listed in the stock exchanges. […]