APN News

  • Tuesday, April, 2024| Today's Market | Current Time: 03:45:10
  • HCL Infosystems Bags another Prestigious Financial Inclusion Project from Punjab and Sind Bank under its Systems Integration BFSI Practice

    New Delhi : HCL Infosystems Ltd., India’s premier Hardware, Services and ICT System Integration Company, today announced the awarding of an order from Punjab and Sind Bank (PSB) to provide smart card based solutions in over 1500 villages across the country. The partnership aims to facilitate the provision of smart card-based technology solutions for financial […]

    Indians Most Likely to Adopt Payment Card Fraud Solutions

    India: Indians are significantly more willing to take precautions against card fraud than other markets in Asia Pacific, according to the Visa Payment Card Security Study. The Visa Payment Card Security study is an independent, in-depth consumer survey in markets across the Asia Pacific region, reviewing attitudes towards electronic payments security, actions that can be […]

    RBI sets up panel to examine regulation of NBFC sector

    The Reserve Bank has announced setting up of a working group to examine issues pertaining to regulation of the NBFCs (Non-banking Finance Companies) sector, including their governance and supervision. The Group to be headed by former Deputy Governor Usha Thorat, who is presently Director of Centre for Advanced Financial Research and Learning (CAFRAL), will focus […]

    IDBI Federal launches Retiresurance Guaranteed Pension Plan

    Bhopal: Seeking to insure the consumption-heavy generation from possible future shocks and to help them keep pace with inflation, one of the fastest growing private insurers, IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan, a unique retirement plan which comes with the twin benefits of guaranteed accumulation with attractive annuities. IDBI Federal Retiresurance® […]

    Banks need to offer higher interest to encourage savings: RBI

    Banks need to raise deposit rates in order to encourage savings, and lower lending rates to help the country achieve double-digit growth, RBI Governor D Subbarao said today. “For double-digit growth that we aspire, we need to save so that we can invest more. For that to happen, we need to encourage savings, which means […]

    Axis Bank signs MOU with Indian Army for Power Salute Salary Account

    Mumbai : Axis Bank, India’s third largest private bank, today signed a Memorandum of Understanding (MoU) with the Indian Army for the Power Salute, a salary account exclusively for the Army personnel. The MoU was signed by Lt General V K Chaturvedi, PVSM, AVSM, SM, Director General (MP & PS), Indian Army and Mr. S. […]

    Balanced Budget will promote inclusive growth: Chidambara

    Terming the Budget as “good” and “balanced”, Union Home Minister P Chidambaram on Monday said it will promote inclusive growth and the projected increase in revenues will be used for augmenting investment in health, education and security sectors. “The Finance Minister has focused on high growth; on investing in, incentivising and increasing agricultural production in […]

    RBI Governor calls for immediate steps to raise farm production

    The RBI Governor D Subbarao said, to combat food scarcity and consequent soaring prices, immediate steps should be taken to raise agriculture output substantially in the country. He said, for stepping up farm productivity and production, it is necessary to increase investment in water management and rural infrastructure. He was talking to students of the […]

    Bank deposits score over gold; imports may dip 55% in Feb

    Higher returns from bank deposits seem to have robbed the sheen of the yellow metal with a massive decline of above 55 per cent expected in gold imports in February. India’s gold import is likely to dip by 55 per cent to 20-25 tonne in February as compared to 45 tonne in the same month […]

    HDFC Bank conducted a ‘Coin Mela’ in Lucknow

    Indore: HDFC Bank, second largest private bank in the country, organized a ‘Coin Mela’ at Aminabad Branch in Lucknow. The Coin mela was inaugurated by Mr. Gouresh R. Kotian, Dy. General Manager, Issue Department, RBI, Lucknow. The initiative was in conjunction with RBI’s Clean Note Policy to provide fresh notes in exchange for solid ones. […]