APN News

  • Sunday, May, 2024| Today's Market | Current Time: 01:05:15

    • Banking

    FDI declines 32 percent in Q1

    The foreign direct investment-FDI, in India saw a decline of 32 per cent during the first quarter this year. India received foreign direct investment worth 3.39 billion US Dollars during January-March. According to the latest data from the industry ministry, in the country received FDI worth 4.96 billion US Dollars in the first quarter last […]

    Banking

    Over 2,000cr lost by banking sector in fraud during 2009-10: CBI

    CBI says, over 2,000 crore rupees were lost by the country’s banking sector in frauds during 2009-10. Addressing the ‘Third Conference of Central Vigilance Officers of 31 Public Sector Banks and Financial Institutions’ in New Delhi, CBI Director A P Singh said, these include over 200 frauds of above one crore rupees each. He warned […]

    Banking

    2G case: Court defers order on Kanimozhi’s bail plea to 20th May

    In a sort of anti-climax, a special court on Saturday prolonged the suspense on the bail application of DMK MP Kanimozhi in the 2G spectrum case by deferring the pronouncement of its order till 20th May. “The order is deferred to May 20,” Special CBI Judge O P Saini said after marking the presence of […]

    Banking

    ICICI Bank ties up with Sampath Bank for Money2SriLanka

    Mumbai:  ICICI Bank Limited (“ICICI Bank”), India’s largest private sector bank today, announced the launch of Money2SriLanka (M2SL), an online remittance tracking facility in collaboration with Sampath Bank PLC. ICICI Bank has a presence in Sri Lanka through its branch office in Colombo. M2SL is a web-based online remittance tracking platform which facilitates remittances from […]

    Finance

    Agile Financial Technologies gets more agility with IDG Ventures India’s Investment

    Mumbai: Indian BFSI software products company, Agile Financial Technologies (www.agile-ft.com), announces the successful completion of its US$ 5.7mn Series A financing, led by IDG Ventures India (IDGVI). This funding will enable Agile Financial Technologies (Agile FT) to surge ahead with its organic and inorganic growth plans and expansion into new markets. With a rapidly growing […]

    Banking

    RBI issues notification to Indian CEOs of all foreign banks functioning in India

    The Reserve Bank of India on Wednesday issued a notification stating that the Indian Chief Executive Officers of all foreign banks functioning in the country would be held responsible for incompliance of any regulatory and statutory banking norms. The notification also states that the CEO will be answerable for the audit process, review of the […]

    Banking

    Pact between RBI, J&K Bank a win-win situation for state: Omar

    Jammu & Kashmir Chief Minister Omar Abdullah on Monday said the pact inked between J&K Bank and the Reserve Bank of India (RBI) was a win-win situation for the state government, the financial institution and people of the state. “The pact has only cancelled the overdraft facility to the state government, which had risen from […]

    Banking

    NCAER Announces The Appointment Of Shekhar Shah As Its New Director-General

    New Delhi: The National Council of Applied Economic Research (NCAER) in New Delhi announced the appointment of the economist and World Bank Economic Adviser Dr. Shekhar Shah as its new Director-General. In making the announcement, Nandan Nilekani, President of NCAER’s Governing Body and Chairman of the Government of India’s Unique Identification Authority, said: “I am […]

    Banking

    SYNDICATE BANK & TVS MOTOR COMPANY SIGN MOU

    Bangalore. : Syndicate Bank has signed a Memorandum of Understanding (MOU) with TVS Motor Company Limited (TVSM) for financing of the latter’s three-wheeler. Under the agreement, Syndicate Bank will offer loans at reduced margins to customers aspiring to buy TVS King. The MOU was executed today by Sri S Ramji, General Manager, Syndicate Bank and […]

    Banking

    RBI set to hike key policy rates to tame inflation

    The Reserve Bank on Monday indicated that it might go in for another hike in the key policy rates to combat inflation which, driven by rising commodity and oil prices, is posing a threat to the economic growth. Another round of hike in key rates is likely to push further interest rates upwards, making loans […]

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