APN News

  • Saturday, May, 2024| Today's Market | Current Time: 02:52:03
  • Axis Bank launches ‘Young Bankers’ Program for banking aspirants

    by NR INDRAN / INT Mumbai : Axis Bank, India’s third largest private Bank, in association with Manipal Global Education Services ( MaGE) today announced the launch of ‘Young Bankers’ Program, an initiative to attract young graduates to a career in banking with Axis Bank. Young Bankers Program, a one year full time residential program […]

    Central Bank of India revises interest rates on NRE/FCNR-B/RFC deposits

    by NR INDRAN / INT Central Bank of India has revised the rate of interest on NRE/FCNR-B/RFC deposits. The rates will be effective for all fresh deposits as well as renewal of existing deposits made after the close of business on November 23,   2011 will be as under: NRE Deposit Interest Rates: Period of NRE Deposit […]

    Andhra Bank Celebrates Foundation Day & 88 years of dedicated service to the nation

    by NR INDRAN / INT Andhra Bank has been founded by Dr.Pattabhi  Sitaramayya, Freedom fighter and entrepreneur under Swadeshi Movement with an intention to help Agriculturists , Small Traders and Cottage Industries and the Bank has started its operations in the Coastal Town of Machilipatnam  in Andhra Pradesh on 28.11.1923. Today, Andhra Bank Celebrates Foundation […]

    Bank of Baroda – Fastest growing Bank-Large

    by NR INDRAN / INT Businessworld India’s Best Bank’s 2011 has awarded Bank of Baroda as the “Fastest Growing Bank –Large”. In addition, Shri M D Mallya Chairman & Managing Director Bank of Baroda received Banker of the Year Award. The awards were presented by the Finance Minister of India Shri Pranab Mukherjee and Shri […]

    Federal Bank hikes interest rates on Foreign Currency Deposits

    by NR INDRAN / INT Federal Bank has hiked the interest rates on Non Resident Term Deposits. Revised rates of interest for NRE term deposits for 1 year to less than 2 years, 2 years to less than 3 years and 3 years and above would be 3.69%, 3.36% and 3.52% respectively. For FCNR deposits […]

    Rs.100 notes with rupee symbol soon

    The Reserve Bank of India (RBI) has stated in a press release issued in Mumbai that it will shortly issue new Rs.100 denomination currency notes incorporating the ‘Rupee’ symbol. The RBI has stated that the new notes will be issued in the Mahatma Gandhi Series – 2005 and will bear the signature of the RBI […]

    FII pullout, weak rupee responsible for market crash: Pranab

    Finance Minister Pranab Mukherjee has attributed the stock market crash to withdrawal of funds by foreign investors and depreciation of the rupee. “Markets have crashed because of continuous withdrawal of (funds by) FIIs. There is still uncertainty prevailing in the Eurozone. Rupee depreciation also has adverse impact. All these cumulative effects are there,” he told […]

    Federal Bank offers special interest rate on Resident Term Deposits

    by NR INDRAN / INT Mumbai : Federal Bank offers special interest rate of 9.50% to resident term deposits on a maturity period of 200 days only. For a period of ‘1 year only’ the rate offered is 9.75%. Revised rates of interest for other maturity periods are as follows:  7 days to 45 days […]

    Puducherry becomes first in country to achieve 100% banking coverage

    Union Territory of Puducherry has become the first in the country to have achieved 100 per cent banking coverage in all villages including those having a population of less than 2000 under the Financial inclusion programme launched by the Centre. Announcing this at a function held in Puducherry this evening Chief Minister N. Rangaswamy said, […]

    Rupee’s free fall continues, breaches 52-level

    The rupee plunged to nearly 33-month low of sub-52 level after losing a whopping 81 paise against the US currency on sustained dollar demand amid weak trends in stock markets and deepening euro-debt crisis. Among other things, forex trading, like fxcm , attributed the steep fall in rupee to the finance ministry’s comments that Reserve […]