BANKS

  • World Bank pegs India's GDP growth at 7.5% in 2015-16 5 hours 53 minutes ago

    New Delhi: The World Bank projects India's GDP to expand to 7.5 per cent in the current fiscal on account of increased economic activity and greater stability. "India's economic growth is expected to rise to 7.5 per cent in 2015-16, followed by further acceleration to 7.9 per cent in 2016-17 and...
  • Cyber crime in Faridabad; businessman robbed of Rs 10,50,000 2 days ago

    Faridabad: In a case of cyber crime, a businessman was robbed of more than Rs 10 lakh from his bank account here, police said on Sunday. Janak Raj Jain, a resident of sector-14 here is into Pharma business and has an account with ICICI Bank sector-16, Faridabad. On April 23, an...
  • Liverpool renew Standard Chartered sponsorship deal 6 days ago

    Liverpool have extended their sponsorship deal with Standard Chartered Bank for three more years to the end of the 2018-19 season, the Premier League club announced on Tuesday. The bank signed up as Liverpool's main sponsor in July 2010, and its logo has been on the team shirt for five seasons. The...
  • Compensation cheques issued to farmers by Uttar Pradesh government bounce 1 week ago

    Mathura: Adding to the plight of farmers in Mathura whose crops were destroyed by unseasonal rains and hailstorm, the compensation cheques issued to them by the Akhilesh Yadav led Uttar Pradesh government bounced on Tuesday. But district officials claimed the cheques bounced due to technical errors. "Satish could not get payment...
  • RBI working on integration between e-commerce firms and banks 1 week ago

    Mumbai: India's central bank is working on improving the integration between e-commerce firms and the country's banking systems, a deputy governor of the Reserve Bank of India (RBI) said on Monday. "One area which we will now be looking at very closely, which is emerging, is how to provide integration between...
  • China, Pakistan ink CPEC, 50 other deals on Xi Jinping's historic visit April 20, 2015

    Islamabad: China on Monday struck as many as 51 agreements with all-weather ally Pakistan, including the multibillion dollar economic corridor through the PoK that will expand the communist giant's influence in India's neighbourhood. Chinese President Xi Jinping formally unveiled the ambitious 3,000 km-long China-Pakistan Economic Corridor (CPEC) during his historic maiden...
  • India close to picking candidate for New Development Bank April 20, 2015

    Washington: India is in the "final stages" of nominating candidate for the President's post of the USD 100-billion New Development Bank (NDB) to be headquartered in Shanghai, Finance Minister Arun Jaitley has informed fellow members of the five-nation BRICS bloc. "As regards the President of the...
  • Tap-n-Pay: ICICI launches NFC-enabled payment service April 20, 2015

    Mumbai: Largest private sector lender ICICI Bank in collaboration with Tech Mahindra launched a payment service 'Tap-n-Pay' based on the near-field communications (NFC) technology, enabling customers make over-the-counter payments without using cash. It can be used for merchant payments by merely tapping a NFC-enabled mobile phone or a tag on the...
  • Indian banks turn to consumer loans to counter corporate slowdown April 20, 2015

    Mumbai: Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. Lending to companies has traditionally been the mainstay for banks in Asia's third-largest economy. But as...
  • Business Icons: Story of YC Deveshwar, Chanda Kochhar April 20, 2015

    CNBC TV18's Business Icons showcases the leaders, radicals who have defied all odds and created strong brands. Here is the story of Chairman of ITC Limited YC Deveshwar and Managing Director of ICICI Bank and its chief executive officer Chanda Kochhar. ...
  • Apple Pay to debut in Canada this November April 18, 2015

    Bengaluru: Apple Inc is planning to launch its electronic payments service in Canada in November, the first international expansion of Apple Pay, the Wall Street Journal reported, citing people familiar with the matter. The iPhone maker is in talks with Canada's six biggest banks, Royal Bank of Canada, Toronto-Dominion Bank,...
  • World Bank chief praises PM Modi's Jan Dhan Yojna April 17, 2015

    Washington: The World Bank chief Jim Yong Kim on Friday said that the "strong visionary leadership" of Prime Minister Narendra Modi has resulted in "extraordinary effort" by India on financial inclusion of its people. The World Bank in a report released this week said by January 2015, 125 million bank accounts...
  • Narendra Modi courts Canada banks, insurers, pension funds April 17, 2015

    Toronto: Top executives at Canada's largest banks, insurers and pension funds sounded bullish over investing in India after meeting Prime Minister Narendra Modi, who is making the first bilateral visit to Canada by an Indian premier for 42 years. Modi held a roundtable with the heads of major Canadian financial institutions...
  • RBI Governor Raghuram Rajan receives threat email, Cyber Crime Investigation Cell launches probe April 16, 2015

    Mumbai: Reserve Bank of India Governor Raghuram Rajan has received a threat message on his email ID. According to Mumbai Police sources, the email was sent from a Gmail id. RBI officials have alerted the office of the Joint Commissioner, Crime Branch. The Cyber Crime Investigation Cell has launched a probe...
  • ED tracks down money trail in AgustaWestland scam, Barclays Bank CEO summoned April 15, 2015

    New Delhi: The Enforcement Directorate on Wednesday tracked down money trail in AgustaWestland VVIP chopper deal scam case and summoned Barclays Bank CEO Jitendar Khanna. During investigation, it has been found that the London Branch of Barclays Bank was used to transfer huge amounts from Mauritius. The money was transfered from...
  • Wasn't talking about revoking Muslims voting right but about ending vote bank politics: Uddhav Thackeray April 15, 2015

    Mumbai: After being attacked from all quarters, Shiv Sena chief Uddhav Thackeray on Wednesday clarified his party leader Sanjay Raut's remarks calling for the revocation of voting rights of Muslims. Thackeray said that Raut merely spoke about how Muslims are often exploited by several political parties as a vote bank....
  • RBI warns against fraudulent 'All Bank Balance Enquiry No' app April 14, 2015

    Mumbai: Cautioning public against a fraudulent bank account mobile app in its name, the Reserve Bank of India had on Saturday said it has not developed any such application. In a statement, the Reserve Bank said that it has come to its notice that an app (application) "is doing rounds on...
  • India tops in remittances, receives $70 billion, says World Bank April 14, 2015

    Washington: The World Bank has said India continues to be the leading nation in remittances pulling in $70 billion from its global migrant workforce in 2014. World Bank's study of remittance, the money workers and professionals working in foreign lands send back to their native countries, attributed this mainly to...
  • Fake Xiaomi Mi Power Banks sell more than the original, complains Xiaomi April 14, 2015

    New Delhi: What is stopping Chinese smartphone giant Xiaomi from exceeding its proven success over top brands like Samsung and Apple? Counterfeits! Xiaomi has complained that its Mi Power Banks hit only 14.6 million units last year which is less than half of the anticipated sale. The reason for slumping figures...
  • Arun Jaitley leaves for US on April 14 to attend IMF-World Bank meet April 13, 2015

    New Delhi: Finance Minister Arun Jaitley is leaving for the US on Tuesday night to attend the IMF-World Bank Spring meetings in Washington. RBI Governor Raghuram Rajan and other senior officials of the Finance Ministry and the Reserve Bank will participate in the meeting that is likely to focus on the...
  • A portable Bluetooth speaker with built-in power bank launched at Rs 2,919 in India April 13, 2015

    New Delhi: boAt, one of the latest entrants into the audio-tech market, has launched its new portable Bluetooth speaker Rugged in India at Rs 2,919. The Rugged is a wireless portable and splash-proof speaker that is claimed to deliver an amazing listening experience. This Bluetooth speaker has an 1800 mAh...
  • Indian Business Icons: Journey of PRS Oberoi and Aditya Puri April 12, 2015

    In this episode of 'Indian Business Icons', we bring the journey of PRS Oberoi, Chairman of East India Hotels and Aditya Puri, MD of HDFC Bank. As CNBC-TV18 celebrates 15 years of leadership in business news, we launched the 'India Business Icon' campaign and endeavour to form a distinct league...
  • SBI cuts home loan interest rate by up to 0.25% April 12, 2015

    New Delhi: Matching its competitor HDFC Ltd, State Bank of India on Sunday announced a cut in home loan rate by up to 0.25 per cent, providing relief to new borrowers. The cut in interest rate on home loans, with effect from Monday, is higher than the reduction of 0.15...
  • Andhra Bank put out poster saying its employees are Tamils April 11, 2015

    Tirunelveli: In the wake of protests in Tamil Nadu against gunning down of 20 woodcutters by Andhra Pradesh police, officials of Andhra Bank branch found a way out to prevent angry outfits targeting their bank by pasting a poster saying all its employees are Tamils. They put out a poster which...
  • RBI warns public against fraudulent 'all bank balance enquiry app' April 11, 2015

    Mumbai: Cautioning public against a fraudulent bank account mobile app in its name, the Reserve Bank on Saturday said that it has not developed any such application. In a statement, the Reserve Bank said that it has come to its notice that an app (application) "is doing rounds on WhatsApp...
  • Kerala to strongly oppose move to deposit temple gold in banks: CM Chandy April 11, 2015

    Kochi: Kerala Chief Minister Oommen Chandy on Saturday said that his government would strongly oppose any move to deposit temple treasures in banks to make up for the country's trade imbalance. Reacting to reports in this regard, he said the state would not allow the riches of Kerala temples to be...
  • Along with Zenfone 2, Asus to also launch 10000mAh power bank, two other mobile accessories on April 23 in India April 11, 2015

    New Delhi: Asus, which offered an early look at the Zenfone 2 to select members of Indian media on Friday, has more up its sleeves for its Zenfone 2 India event. Apart from the Zenfone 2, the company will also launch a 10000mAh power bank and two other mobile accessories at...
  • HDFC cuts home loan rate by 0.2 per cent; EMIs to come down April 10, 2015

    New Delhi: Country's largest mortgage firm HDFC on Friday cut home loan rate by 0.2 per cent to 9.9 per cent for new as well as existing borrowers. It has been decided to reduce home loan rate by 20 basis points, with effect from April 13, HDFC Ltd said in...
  • Axis Bank cuts base rate by 0.20 per cent to 9.95 per cent April 8, 2015

    Mumbai: Country's third-largest private sector lender Axis Bank on Wednesday cut its base rate or the minimum rate of lending by 0.20 per cent to 9.95 per cent, following its larger peers who also cut their offerings on Tuesday after Reserve Bank Governor Raghuram Rajan's hard talk. "Axis Bank has revised...
  • Focus on branding, packaging, PM Modi to small businesses April 8, 2015

    New Delhi: Prime Minister Narendra Modi on Wednesday spoke of the importance of packaging, branding and advertising for small enterprises so that they can upscale their business ventures. "Brand building, advertising and financial support when given to small entrepreneurs will strengthen the foundation of Indian economy," he said while launching the...