APN News

  • Saturday, May, 2024| Today's Market | Current Time: 03:14:24
  • Dena Bank further reduces the interest rates on New Home Loans & Car Loans in the Festive Season

    by NR INDRAN / INT Mumbai – For the ensuing festival season, Dena Bank has further reduced the Interest Rates on New Housing Loans & Car Loans by 25 Basis points in floating rate category with effect from 10th October 2011. Thus the Bank has reduced interest rates on floating Housing Loans and Car Loans […]

    Moody’s reduce credit value of nine Portuguese Banks

    The credit worthiness of nine Portuguese Banks has been downgraded by the Ratings Agency Moody’s. The Agency has expressed concern about the safety of loans the banks have made to the Portuguese Government. Moody’s has also downgraded the credit ratings of several British Banks. This is the consequence of the shift in Government policy which […]

    Rupee rises by 26 paise against US dollar

    The Indian rupee rose by 26 paise to 49 rupees 14 paise against the US dollar in early trade today, supported by euro gains against the American currency and a rebound in the domestic stock market. The rupee had been on a losing streak over the past three sessions and had declined by 25 paise […]

    Axis Bank extends its USD 200 million U.S. Commercial Paper Program by one year

    by NR INDRAN / INT MUMBAI — Axis Bank Limited acting through its Dubai International Financial Centre Branch has extended its USD 200 million US Commercial Paper Program by one year. The Programme was initially setup on October 4, 2010 and now the new maturity date is September 30, 2012. The Program has been assigned […]

    SBI system crashes; branches to remain open on Gandhi Jyanti

    All branches of the State Bank of India, SBI are open today despite a national holiday on account of Gandhi Jayanti. According to an official release, the step has been taken to make up for the loss of working hours yesterday when the banking operations were severely hit due to system failure. SBI in a […]

    Axis Bank expands network in Mumbai, opens 100th branch at Pali Hill, Bandra

    by NR INDRAN / INT Mumbai : Axis Bank, India’s third largest private sector Bank, expanded its network of branches in Mumbai to 100 with the opening of its Pali Hill, Bandra Branch on Nargis Dutt Road. Axis Bank’s all India footprint now has 1435 branches.  The Pali Hill, Bandra Branch was inaugurated by its […]

    Axis Bank launches MyDesign Card

    by NR INDRAN / INT Mumbai : Axis Bank, India’s third largest private Bank today announced the launch of MyDesign Card, India’s first Debit Card launched by an Indian bank which allows the customer to incorporate a personal image of his/her choice on the Debit Card. Axis Bank is one of the largest issuers of […]

    Seven of top-10 cos add over Rs 31K cr in M-cap last week

    The combined market capitalisation (M-cap) of seven of the country’s top 10 companies advanced by Rs 31,319.21 crore during the past week. State-run oil & gas explorer ONGC was the top gainer with its market value surging by Rs 10,993.8 crore during the week to Rs 2,35,019.04 crore, as on last Friday’s trade on the […]

    Axis Bank Board Approves Axis-Enam Scheme

    by NR INDRAN / INT The Board of Axis Bank at its meeting held today, considered and unanimously approved the transfer of the financial services business of Enam Securities Private Limited (Enam) in the following manner: I)        The Enam financial services business will be demerged from Enam into the Bank by way of the Demerger […]

    Asia Policy Watch: The Reserve Bank of India raises key rates by 25 bp

    by NR INDRAN / INT The Reserve Bank of India (RBI) hiked the repo rate by 25 bp, in line with the Bloomberg consensus expectation, while we were expecting a pause. After today’s decision, the repo rate moves up to 8.25%, while the reverse repo rate and the marginal standing facility rate move automatically to […]