Banking

  • Xiaomi Mi Power Banks up for pre-order on Flipkart; to go on sale next week 12 hours 43 minutes ago

    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 Yesterday

    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 17 hours 13 minutes ago

    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 2 days ago

    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 2 days ago

    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 3 days ago

    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 6 days ago

    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 1 week ago

    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...
  • RBI keeps repo rate unchanged, cuts SLR for banks by 0.5 pc August 5, 2014

    Mumbai: The Reserve Bank of India (RBI) kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices. The RBI also lowered banks' minimum bond holding requirements, known as the statutory liquidity ratio...
  • Serena Williams wins Bank of the West title August 4, 2014

    Stanford: Serena Williams won her WTA-leading fourth title of the season on Sunday, beating third-seeded Angelique Kerber 7-6(1), 6-3 in the Bank of the West Classic. Playing her first tournament since her departure from Wimbledon because of equilibrium problems, the top-ranked and top-seeded Williams won the hard-court event for the third...
  • Serena Williams beats Petkovic in Stanford semi-final August 3, 2014

    Stanford: Serena Williams has put to rest any lingering concerns about her scary departure from Wimbledon with a strong showing in her hard-court opener. Williams reached her fourth final of the season by taking the last eight games to beat Andrea Petkovic 7-5, 6-0 on Saturday in the Bank of the...
  • CBI arrests Syndicate Bank chief, MP Congress legal advisor for seeking bribe August 3, 2014

    New Delhi: The Central Bureau of Investigation(CBI) is cracking down on top bank officials on charges of demanding bribes for loans. The CBI arrested six people including chairman and managing director of Syndicate Bank Sudhir Kumar Jain on Saturday for receiving illegal gratification. He has allegedly violated banking rules. Jain...
  • Fire in bank destroys currency worth Rs 12,000, other articles August 3, 2014

    Furniture, computer sets, Rs 12,000 in cash and other articles inside Chiyanki branch of the State Bank of India in Palamu district was gutted, and transaction was stopped. Branch manager NK Sinha said the fire broke out late last night in the branch possibly due to short circuit. Local people informed...
  • Serena Williams reaches semi-final at Stanford August 2, 2014

    Stanford: Serena Williams roared back after falling behind in the third set to beat Ana Ivanovic 2-6, 6-3, 7-5 on Friday night to reach the semi-finals of the Bank of the West Classic. The top-seeded and top-ranked Williams dropped three consecutive games to fall behind 4-3 and then ripped seven straight...
  • Andrea Petkovic beats Venus Williams at Stanford August 2, 2014

    Stanford: Eighth-seeded Andrea Petkovic ended Venus Williams' run in the Bank of the West Classic, beating the former top-ranked player 6-1, 3-6, 7-5 in the quarter-finals on Friday. Following a shaky start, the 25th-ranked Williams picked up her game in the second set and appeared poised to take over the...
  • Venus Williams, Ivanovic reach Bank of West quarters August 2, 2014

    Stanford: Venus Williams feels like the hometown girl when she plays at Stanford even though she grew up in Southern California and resides in Florida. She has enjoyed a lot of success, made her professional debut at the event, and the crowd was clearly supporting her. "It's nice to have that support,"...
  • 30 minutes: Story of the Indian blue collar workers August 5, 2014

    The Indian blue collar workers have been working in the Middle East as domestic help with no one to listen to their grievances. Popularly known as 3D workers they work as truck drivers, construction workers and so on. According to the report presented by the Reserve Bank of India 70...