APN News

  • Saturday, May, 2024| Today's Market | Current Time: 03:44:41
  • Central Bank of India celebrates its Centenary Day on 21st December 2011 at New Delhi.

    by NR INDRAN / INT Central Bank of India, one of the largest Public Sector & first swadeshi Bank of the country celebrated its Centenary Day on 21st December, 2011.  In a glittering function organized at Delhi Shri Pranab Mukherjee, Hon’ble Finance Minister was the Chief Guest  of the function.  In his speech Shri Mukherjee […]

    Dena Bank highest among PSU banks to offer 9.60% interest on NRE term deposit

    Pursuant to recent deregulation of interest rates on NRE term deposit by Reserve Bank of India, Dena Bank hiked interest on NRE term deposit to 9.60% for maturity period of 1 year and 9.25% for maturity period ranging from above 1 year upto 3 years, which is highest among PSU banks. Dena Bank while offering […]

    Federal Bank hikes interest rates on NRE Term Deposits

    by NR INDRAN / INT Mumbai  – Federal Bank has hiked the interest rates on Non Resident Term Deposits opened for a period of 1 year to 6.5%. The rate for the same period before the hike was 3.82% only.  The unprecedented rate hike is due to the deregulation of interest rates on NRE deposits […]

    RBI retains interest rates, indicates cut from now on

    Concerned over economic slowdown, the Reserve Bank on Friday kept interest rates unchanged and indicated that it could cut key policy rates from now onwards to arrest falling growth while keeping a close vigil on inflation. “While inflation remains on its projected trajectory, downside risks to growth have clearly increased… Further rates hike may not […]

    RBI steps in as rupee tumbles

    The Reserve Bank today swung into action to check slide in rupee value against dollar and speculations. It has imposed restrictions with immediate effect on forward trading in the local currency by Foreign Institutional Investors and traders and capped banks exposure to the forex market. The Reserve Bank has also decided to withdraw the facility […]

    EAC Chairman suggests RBI to focus on controlling rising prices

    With headline inflation still ruling above the 9 per cent mark, the chairman of the Prime Minister’s Economic Advisory Council, C. Rangarajan today suggested that the Reserve Bank of India should continue to focus on controlling the rising prices. Asked if the central bank should intervene to arrest the slide of the rupee against the […]

    Lack of external demand main reason for rupee’s depreciating value: FM

    Finance Minister Pranab Mukherjee says lack of external demand is the major reason behind the depleting condition of the Indian rupee in the international market and the government is taking effective measures to improve the condition. He said that India will be soon on the growth trajectory as the present downturn in the economy is […]

    Federal Bank launches a new rewards scheme – ”UTSAV Rewards” for their Debit Card Holders

    by NR INDRAN / INT Federal Bank is delighted to announce the launch of ‘Utsav Rewards’ anexclusive loyalty program for the Federal Bank Debit Card Holders. This scheme willprovide their customers with points accumulated over transactions and assistthem in redeeming the same for a wide range of consumer products. Customerswill get one Utsav point on […]

    Axis Bank launches Insta PIN

    by NR INDRAN / INT Mumbai : Axis Bank, India’s third largest private Bank today announced the launch of Insta PIN, India’s first PIN generation system that allows customers to receive the ATM PIN on their mobile phone through the Bank’s IVR system, thereby bringing in convenience to its valued customers. All that the customer […]


    by NR INDRAN / INT Central Bank of India, as a part of Centenary Celebrations, celebrating indomitable spirit of India for 100 years participated in the Airtel Delhi Half Marathon under “Corporate Challenge” category in which 25 staff members from Delhi Zone participated in the 6Kms run.  The team was led by Shri M V […]