Bank

  • Mad rush to acquire 25,000 DDA flats continue 8 hours 47 minutes ago

    New Delhi: It's that time of the year when people get into a mad rush to get their hands on a prime piece of real estate in Delhi. Delhi Development Authority's housing auction- the biggest ever, has been rolled out with more than 25,000 flats on offer. The new scheme...
  • AIIMS sees increase in eye donors 8 hours 49 minutes ago

    New Delhi: The eye bank of AIIMS has seen a rise in the number of donors in the last couple of years, an official said on Tuesday. "In the last couple of years, the eye bank of AIIMS has seen an increase in the number of eye donors. From a very...
  • No relief for Kingfisher Airlines, SC doesn't restrain Union Bank from declaring it a wilful defaulter 13 hours 39 minutes ago

    New Delhi: In a setback for the Kingfisher Airlines, the Supreme Court on Tuesday refused to restrain the Union Bank of India from declaring it a wilful defaulter. "Now that you have been declared a defaulter, you can challenge it in any court," the SC said. The KFA had approached the...
  • Poor response to Ebola causing needless deaths, says World Bank head 20 hours 31 minutes ago

    Dakar/Lagos: The world's "disastrously inadequate response" to West Africa's Ebola outbreak means many people are dying needlessly, the head of the World Bank said on Monday, as Nigeria confirmed another case of the virus. In a newspaper editorial, World Bank President Jim Yong Kim said Western healthcare facilities would easily be...
  • United Bank of India declares Vijay Mallya as wilful defaulter Yesterday

    New Delhi: State-run United Bank of India on Monday became the first lender to declare debt-ridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters. "We have declared Vijay Mallya and three other directors of Kingfisher Airlines as wilful defaulters," United Bank of India Executive Director Deepak Narang told PTI. The...
  • Jan Dhan Yojana will not a burden on banks, says Arun Jaitley 3 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday said the implementation of Pradhan Mantri Jan Dhan Yojana (PMJDY), under which 2.14 crore accounts have already been opened, will not put any burden on banks. "Any apprehension that this scheme may cause financial burden on the banks does not hold any ground...
  • McIlroy targets Mahan's top spot at Deutsche Bank golf tournament 4 days ago

    In-form Rory McIlroy has set his sights on dislodging Hunter Mahan from the top of the FedExCup standings after this week's Deutsche Bank Championship in Massachusetts on a course he says is ideally suited to his game. Two years ago, McIlroy won the elite FedExCup playoff event held at the TPC...
  • PM Modi to launch his ambitious plan Pradhan Mantri Jan Dhan Yojana today 5 days ago

    New Delhi: Prime Minister Narendra Modi's ambitious financial inclusion plan is all set to kick off on Thursday. The Pradhan Mantri Jan Dhan Yojana will be launched nationally in the capital by the Prime Minister himself. The scheme intends to accomplish the objective of housing for all by providing basic...
  • Modi to launch Jan Dhan Yojana on August 28; 1 crore bank accounts on day 1 1 week ago

    New Delhi: The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself. As many as 76 mega functions are being organised at different...
  • Blackmoney: Indian agencies get Swiss banks' data of hoarders August 24, 2014

    New Delhi: Tax investigators pursuing instances of blackmoney stashed abroad by Indians have finally been able to circumvent the Swiss secrecy code by asking over 100 such account holders to submit on their own details of personal balances in these banks, brought under the tax net recently, for lesser penal...
  • Xiaomi Mi Power Banks up for pre-order on Flipkart; to go on sale next week August 23, 2014

    New Delhi: The much-awaited Mi Power Banks are now up for pre-order on Flipkart.com. The powerbanks will come in two models - 10400mAh for Rs 999 and 5200mAh for Rs 799. The website lists 5th week of August as the estimated release date. Clearing the confusion whether the Xiaomi power banks...
  • Syndicate Bank case: Court orders proclamation proceedings August 22, 2014

    New Delhi: A special CBI court on Friday ordered issuance of process for the presence in court of alleged middleman Purushotam Totlani, who is evading arrest in connection with the Syndicate bank bribery case. Special CBI Judge Swarana Kanta Sharma observed that the accused was "concealing himself" and despite issuance of...
  • Xiaomi Mi Power Banks to officially go on sale on Flipkart next week; no pre-registration necessary August 23, 2014

    New Delhi: The much-awaited Mi Power Banks will go on sale in India via Flipkart next week, said Manu Jain, Xiaomi's India head, during a conversation with IBNLive. Two variants of Xiaomi Mi Power Bank, are currently listed on Flipkart as "coming soon." Update: The products are now available for...
  • Syndicate Bank bribery case: Court dismisses bail pleas of two August 21, 2014

    New Delhi: A Delhi court on Thursday dismissed the bail pleas of Chairman-cum-Managing Director (CMD) of Prakash Industries Ltd Ved Prakash Agarwal and its Director Vipul Agarwal, who along with others were arrested in the Syndicate Bank bribery case. Special CBI judge Swarana Kanta Sharma rejected the bail applications of both...
  • India to tighten up banking risk management, says Jaitley August 21, 2014

    New Delhi: Finance Minister Arun Jaitley said on Thursday that the government was working to tighten up risk management in the banking sector, responding to recent scandals that have raised doubts about lending practices at state banks. Jaitley did not name any bank, but his comments followed the launch of an...
  • Over 50 per cent panchayats don't have banking service in the state August 20, 2014

    At a time when the Centre has launched an ambitious scheme to ensure that each family gets a bank account, the expansion of banks in Bihar has moved at snail's pace with over 50 per cent panchayats still to be covered by its service. Out of 8463 panchayats in Bihar, over...
  • Female bank staffers may soon get transfers of their choice August 17, 2014

    New Delhi: Female employees of public sector banks will soon be entitled to a major benefit of getting transfers of their choice. The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living. The...
  • Syndicate Bank bribery case: CMD sent to jail till August 29 August 16, 2014

    New Delhi: A Special CBI judge on Saturday warned of action against the accused in Syndicate Bank bribery case if they do not stop attempts to influence her as she remanded the bank's suspended CMD Sudhir Kumar Jain and others to judicial custody till August 29. "Please tell your clients to...
  • Inflation at 5 month low of 5.19 per cent in July August 14, 2014

    New Delhi: Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July 2013. Inflation in the overall food articles...
  • Ex-revenue secy under probe for selecting Jain as Syndicate Bank CMD August 13, 2014

    Mumbai: Former Revenue Secretary Rajiv Takru on Wednesday came under the scanner for his role in selecting of jailed Syndicate Bank Chairman-cum-Managing Director SK Jain. An advisory sent to Finance Minister Arun Jaitley on August 11, 2014 said that Jain's appointment in 2013 lacked transparency, according to Central Bureau of...
  • Crony capitalism hampers economic growth: RBI governor August 11, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Monday came out strongly against "crony capitalism", saying it kills transparency and competition and hence is harmful to free enterprise, opportunity and economic growth. "By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth," Rajan said, delivering a...
  • AIMA Awards 2014: In conversation with Deepak Parekh, Uday Kotak, N Chandrasekaran August 10, 2014

    On the 5th edition of AIMA Managing Awards 2014, CNBC TV18's Shereen Bhan talks to HDFC Chairman Deepak Parekh who won Lifetime Contribution Award, MD of Kotak Mahindra Bank Uday Kotak who achieved Transformational Business Leader of the year and CEO & MD of Tata Consultancy Services N Chandrasekaran who...
  • Syndicate CMD bribery case may come before SIT on black money August 10, 2014

    New Delhi: The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director SK Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels. Official sources said cases like the...
  • CBI probes Rs 900 crore loan given to Kingfisher Airlines by IDBI bank August 10, 2014

    New Delhi: The Central Bureau of Investigation on Sunday begun a probe into Rs 900 crore loan given by the IDBI Bank to the now defunct Kingfisher Airlines. The loan was given in 2009 despite an internal bank report that the aviation company was in the red. The report was...
  • 3 teenagers loot Rs 32 lakh from a Nadaun bank near Hamirpur August 9, 2014

    Three teenagers in the age group of 12-15 years allegedly looted Rs 32 lakh in a robbery this afternoon at a bank branch in Nadaun, 40-km from Harimpur, police said. According to police, the robbery, which took place at a State Bank of India branch, was captured on CCTV camera and the...
  • RBI's tough inflation stance risks stand-off with Modi government August 9, 2014

    Mumbai/New Delhi: Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government if he is seen as overstepping. Rajan, well known within the RBI for pragmatism, now must...
  • SBI Q1 net profit rises 3.3 per cent to Rs 3,349 crore August 8, 2014

    Mumbai: State Bank of India on Friday reported a marginal 3.3 per cent increase in net profit to Rs 3,349.08 crore for the quarter ended June 30 even as provision for bad debts increased significantly. The country's largest bank had a standalone net profit of Rs 3,241.08 crore in the same...
  • Syndicate Bank bribery case: Wanted businessman, Neeraj Singhal of Bhushan Steel arrested by CBI August 7, 2014

    New Delhi: Neeraj Singhal, vice chairman of Bhushan Steel, wanted in the syndicate bank bribery case was arrested by the CBI from New Delhi on Thursday. Singhal was arrested a day after Special CBI Judge Swarna Kanta Sharma rejected his anticipatory bail plea. Singhal had been absconding since Saturday. The Central Bureau...
  • Flipkart confuses buyers, lists Xiaomi's 10400mAh Mi powerbank at both Rs 999 and Rs 2,390 August 5, 2014

    New Delhi: The much-awaited Mi power bank from Xiaomi, which was expected to come to India for under Rs 1,000, is now available for purchase on Flipkart, the exclusive seller for Xiaomi devices in India, at Rs 2,390. The whooping price seems to be creating a wave of confusion among...