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  • Saturday, May, 2024| Today's Market | Current Time: 08:13:54

    • Banking

    RBI allows other banks, lenders besides designated ones to operate in villages

    RBI has allowed other banks and lenders besides the designated ones to operate in villages with a population of over 2,000. Under its ambitious financial inclusion programme, the central bank has designated various banks to provide basic banking facilities in the villages. Speaking to AIR correspondent , RBI spokesperson Alpana Killawala said as envisaged by […]

    Banking

    DWS Investments launches DWS Fixed Term Fund Series 83 with unique Dividend Sweep Option

    by  / nr indran  / INT New Fund offer open from May 26, 2011 – June 06, 2011 DWS Investments, the retail mutual fund arm of the Deutsche Bank Group; announced the launch of the DWS Fixed Term Fund Series 83 – A 371 days close ended Debt Fund. The DWS Fixed Term Fund Series […]

    Finance

    FDI in services dips 22.5 pc in 2010-11

    Foreign direct investment FDI in India’s services sector has declined by 22.5 per cent to 3.4 billion US Dollars in 2010-11. According to the latest data released by Industry Ministry, FDI in service secor contributes over 50 per cent in the country’s economic growth. The services sector, both financial and non-financial services had attracted FDI […]

    Banking

    HC directs PNB to release Rs 1,000 cr securities to DLF

    The Delhi High Court has come down heavily on Punjab National Bank for its “arm twisting” tactics of not releasing Rs 1,000 crore loan-securities to real estate major DLF Ltd for alleged default in paying pre- payment charges of Rs 20 crore. While directing the bank to release the securities, the court also quashed the […]

    Finance

    Bharti AXA General Insurance crosses 100,000 claims

    Mumbai: Addressing some of the biggest apprehensions Indian customers share with regard to insurance related matters, Bharti AXA General Insurance has consistently focused on improving service delivery mechanisms as a key differentiator to enrich customer experience. As a part of that, the company has paid over 100,000 claims since inception. North and West together contribute […]

    Banking

    RBI asks banks to reimburse failed ATM transactions in 7 days

    The Reserve Bank on Friday directed banks to reimburse customers for amounts wrongfully debited from their accounts in failed ATM transactions within seven days of an account holder’s complaint or else pay a Rs 100 per day compensation. “The time limit for resolution of customer complaints by the issuing banks shall stand reduced from 12 […]

    Finance

    ING Life announces healthy bonus rates on its traditional products and Best Years Retirement Plan

    Bengaluru: ING Life India, in its 10th year of operations, today declared healthy bonus rates for its traditional products, rewarding its customers with handsome gains. The company declared 8.75% on its flagship pension product, Best Years and New Best Years, better than its 5 year average of 8.23%. The company also declared an attractive 7.5% […]

    Banking

    Unit Linked Plans by SBI Life Insurance Gaining Much Popularity

    Mumbai: Unit linked insurance plans by SBI Life Insurance company are gaining much popularity in the market. Better protection cover and best return on investment of these unit linked insurance plans are the main reasons behind their popularity. Unit Linked Insurance Plan is the combination of risk coverage and investment in any stock or debt […]

    Finance

    Developing countries must stand united in its efforts to reform global institutions of governance & finance : PM

    The Prime Minister Dr, Manmohan Singh has said that developing countries must stand united in its efforts to reform global institutions of governance and finance. Addressing a joint press conference with the chairperson of the African Union and President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo, Dr Singh said that the struggle for the transformation […]

    Banking

    Banks cannot provide loans against IDRs: RBI

    Reserve Bank of India on Wednesday has said banks cannot extend loans against Indian depository Receipts (IDRs) issued by overseas companies. An IDR is a rupee-denominated instrument in the form of a depository receipt created by an Indian depository against the underlying equity of the issuing foreign company. It is similar to American or Global […]

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