Banking

  • Air India to raise bridge loan of $500 mn for buying 4 Dreamliners 20-04-2014 09:57 AM

    New Delhi: Expecting deliveries of five more Dreamliners between May and November, Air India plans to raise bridge loan of $500 million to finance the purchase of four of these aircraft and use them to launch flights to new destinations like Moscow, Rome and Milan. The national carrier, which has...
  • Change India: Will linking Aadhaar, India Post revolutionise banking? 19-04-2014 03:57 PM

    In the run up to the 2014 Lok Sabha polls, Network 18's latest campaign is on 'Change India - Agenda for the next PM'. In today's show, we discuss idea of setting up new payment bank, which is currently a joint venture between Aadhaar. The big idea for that could...
  • Doha Bank to purchase HSBC Bank Oman business in India 19-04-2014 11:39 AM

    Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India. HSBC Bank Oman is an indirect 51 per cent owned subsidiary of HSBC Holdings plc. Chairman of Board of Directors of Doha Bank, Sheikh Fahad Bin Mohamed Bin Jabor Al...
  • 'Those with blood on their hands should not speak about the country' 11-04-2014 05:52 PM

    Karandighi: Targeting Narendra Modi who has accused her of vote bank politics, Trinamool Congress chief Mamata Banerjee on Friday alleged that those who had blood on their hands should not talk about the country. "It does not behove well to talk about the country for those who have blood on...
  • From Amit Shah to Azam Khan: Is vote bank politics creating a dangerous communal divide? 09-04-2014 10:27 PM

    A day before the first phase of polling begins in Uttar Pradesh, the polarisation of voters along communal lines continues. A defiant Samajwadi Party leader Azam Khan said that he stands by his comments on the religion of Indian Army soldiers arguing that there is nothing wrong in saying that...
  • SP, BJP responsible for Muzaffarnagar riots, says Ajit Singh 07-04-2014 08:12 AM

    Slamming BJP and Samajwadi Party, RLD chief Ajit Singh on Sunday held both parties responsible for the Muzaffarnagar riots. "BJP and SP have got communal riots done in Muzaffarnagar for the sake of vote bank politics. We have to prevent Narendra Modi from becoming Prime Minister of this country," RLD...
  • Show Me The Money: A Raja's total assets valued at Rs 3.6 crore 06-04-2014 03:38 PM

    New Delhi: 2G scam-tainted former Telecom Minister A Raja has cash reserves of Rs 7.9 lakh. The AIADMK leader's bank deposits and investments are valued at Rs 97 lakh. He and his wife have jewellery worth Rs 69.6 lakh. Raja has shown present immovable assets worth Rs.32.85 lakh. And the...
  • Show Me The Money: Girija Vyas has Rs 1.2 cr as bank deposit, investments 05-04-2014 10:29 AM

    Senior Congress leader from Chittorgarh, Girija Vyas has cash reserves of Rs 40,000 and her bank deposits and investments are valued at Rs 1.2 crore. ...
  • Show Me The Money: Gaurav Gogoi has cash reserves worth Rs 76,000 04-04-2014 01:30 PM

    Congress leader from Kaliabor, Gaurav Gogoi has cash reserves of Rs 76,000 and bank deposits and investments ranging up to Rs 30 lakh. ...
  • Exclusive: Not worried about rupee overvaluation right now, says Rajan 02-04-2014 02:41 PM

    Mumbai: Reserve Bank of India governor Raghuram Rajan said he was not worried about rupee overvaluation for now. Strong foreign fund inflows over the last couple of months have lifted the rupee to an 8-month high, stoking concerns that India's exports could become uncompetitive. "When we were at 60/$, people...
  • SBBJ revises FCNR(B) deposit interest rates 01-04-2014 10:57 PM

    State Bank of Bikaner and Jaipur (SBBJ) on Tuesday revised its FCNR(B) rates for fresh deposits and renewals. The new rates for one to five years maturities are 2.56 per cent, 2.59 per cent, 4.05 per cent, 4.48 per cent, and 4.85 per cent for US dollar, a bank release...
  • RBI gets EC approval to grant new bank licences 01-04-2014 06:34 PM

    New Delhi: Ending weeks of uncertainty, the Election Commission on Tuesday allowed the Reserve Bank of India to issue licences for setting up new banks. "The Commission is of the view that the Reserve Bank of India (RBI) may take necessary action (for grant of in-principle approval for banking licences)...
  • RBI keeps Repo Rate unchanged at 8 pc, CRR at 4 pc 01-04-2014 11:09 AM

    New Delhi: The Reserve Bank of India maintained status quo in key rates on Tuesday, keeping the Repo Rate unchanged at 8 per cent and Cash Reserve Ratio at 4 per cent. The RBI also warned that failure to elect a stable government in the coming elections will accentuate "downside...
  • RBI set to announce annual monetary policy today, no changes likely 01-04-2014 09:04 AM

    The Reserve Bank will come out with annual monetary policy on Tuesday amid expectations that it will maintain status quo because retail inflation, especially in food items, is yet to show definite signs of moderation. ...
  • RBI likely to maintain status quo in monetary policy on Tuesday 31-03-2014 03:41 PM

    New Delhi: The Reserve Bank will come out with annual monetary policy on Tuesday amid expectations that it will maintain status quo because retail inflation, especially in food items, is yet to show definite signs of moderation. "It would be quite a tough call for the RBI in the given...
  • SBI: Bank for the unbanked 30-03-2014 05:02 PM

    The 200-year-old State Bank of India stands tall in the Indian banking industry. As on December 2014, the bank had deposit worth Rs 13 lakh crore and advance worth Rs 11 lakh crore. ...
  • India's first all-women bank sets up its first branch in Patna 29-03-2014 07:43 PM

    The Bharatiya Mahila Bank (BMB), India's first all-women bank, on Saturday set up its first branch in Patna. The bank would cater to financial inclusion of women of all segments from Self-Help Groups to lower middle class women to High Networth Individuals with a basket of products to ensure inclusive...
  • Swiss government to reply Chidambaram's letter soon 27-03-2014 09:24 PM

    Switzerland on Thursday said it would soon respond to Finance Minister P Chidambaram's letter that has raised concerns about not providing information on alleged unaccounted money stashed by Indians in Swiss banks. "We confirm that we have received a letter from India's Finance Minister. He will receive an answer soon,"...
  • Switzerland not sharing information on bank accounts of Indians: Chidambaram 27-03-2014 12:19 PM

    New Delhi: Upping the ante against Switzerland for not sharing information on Indians stashing money in its banks, Finance Minister P Chidambaram has threatened to drag the European nation to multilateral foras like G20 for continuing to block its requests. Chidambaram, in a terse two-page letter to his Swiss counterpart...
  • Open Mike: Will vote bank politics further widen communal divide? 26-03-2014 11:16 PM

    After the communal riots in 2013, the importance of the Lok Sabha elections in Muzaffarnagar is very high. CNN-IBN Deputy Editor Sagarika Ghose visits Muzaffarnagar to find out the views of its residents on vote bank politics. ...
  • Will BJP benefit from divided Muslim votes in Moradabad? 24-03-2014 05:40 PM

    A five-cornered contest in the Muslim-predominant western Uttar Pradesh district of Moradabad has made it tough for pollsters to guess which way the wind blows. Moradabad district, home to the famous brassware artisans whose dazzling craftsmanship is much sought after at home and abroad, was till recently also well known...
  • Leader Talk: 'Over 55 per cent banking assets led by women' 22-03-2014 06:33 PM

    Arundhati Bhattacharya, chairperson of State Bank of India asserted that over 55 per cent banking assets were led by women. However, she went on to say that it will take some time for more and more women entering the corporate world. Speaking to Rajdeep Sardesai, editor-in-Chief, IBN18 Network, Arundhati justified...
  • Unsung Heroes: Journey of Indian Overseas Bank 21-03-2014 09:26 PM

    Indian Overseas Bank has completed 75 years, during this period is has gone beyond banking creating many unsung heroes. ...
  • Robbers strike bank, decamp with four computer monitors 21-03-2014 08:38 PM

    Burglars made off with four computer monitors after breaking into Bank of India's Ichagarh branch office in the adjoining Seraikela-Kharswan district, police said. Cash at the branch remained untouched as the burglars were unable to open the safe during the robbery which took place last night, said officer-in-charge of Ichagarh...
  • Government sells Axis Bank stake for over $900 million: sources 21-03-2014 01:49 PM

    Mumbai: The government has raised more than $900 million by selling a 9 per cent stake in Axis Bank Ltd, two sources with direct knowledge of the development said on Friday. The government held 20.7 per cent in Axis Bank, India's third-largest private-sector bank by assets, via a trust fund...
  • Banks, ATMs may be hit as Windows XP support ends in April 19-03-2014 11:03 PM

    Mumbai: Banking operations, including ATM services, may be hit as support from Microsoft for Windows XP operating system will end from April 8, the RBI said on Wednesday asking banks to take immediate steps to control this. The end of support for Windows XP is likely to increase the probability...
  • Locals disrupt traffic after criminals shoot bank manager dead 15-03-2014 05:52 PM

    Armed assailants on Saturday shot dead the manager of a bank in Darbhanga district,police sources said. At around 10 am when manager of the Bhalpatti branch of Uttar Bihar Kshetriya Gramin Bank, Vijay Kumar Jha, was opening the gates of the bank, four persons riding on two motorcycles came and...
  • Embarrassment for Chiranjeevi, brother Pawan Kalyan to launch his party today 14-03-2014 12:19 PM

    Hyderabad: Brother of the Congress leader and film star Chiranjeevi, Pawan Kalyan, himself a star, will be launching his new political party, Janasena on Friday in Hyderabad. It is being seen as an embarrassment for Chiranjeevi as Pawan may eat into the veteran actor's vote bank in coastal Andhra. They...
  • Chidambaram to discuss United Bank crisis with RBI Governor 05-03-2014 05:36 PM

    New Delhi: Finance Minister P Chidambaram on Wednesday said he will discuss United Bank of India's bad loan crisis with the Reserve Bank Governor later this week. "United Bank is a special case. We will deal with that. It's not an alarming case...UBI issue will be discussed separately when the...
  • Sensex ends 67 points up to end at record close 05-03-2014 04:36 PM

    Mumbai: The benchmark Sensex on Wednesday extended gains by rising 67 points to end near its record close on sustained buying driven by positive global cues. Thawing of Ukraine crisis and upbeat economic data from China helped domestic markets, said traders. After gaining 263.08 points in the previous session, the...