BANKING

  • Apple Pay to debut in Canada this November Yesterday

    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 Yesterday

    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 2 days ago

    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 3 days ago

    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 3 days ago

    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 3 days ago

    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 4 days ago

    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 5 days ago

    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 5 days ago

    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 5 days ago

    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 5 days ago

    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 6 days ago

    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% 6 days ago

    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 1 week ago

    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' 1 week ago

    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 1 week ago

    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 1 week ago

    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...
  • 30 crore landless people to get jobs once Land Bill is passed: FM Arun Jaitley April 8, 2015

    New Delhi: About 30 crore landless people will get employment in the industrial corridors following amendments to the Land Acquisition Bill, Finance Minister Arun Jaitley said on Wednesday. "I want to make a special mention of poor, dalits, tribals, backwards, those who are landless. The Land Acquisition Bill we are bringing,...
  • PM Modi launches MUDRA Bank, expected to benefit 5.77 crore micro-finance institutions in India April 8, 2015

    New Delhi: Prime Minister Narendra Modi on Wednesday launched MUDRA Bank under Pradhan Mantri Jan Dhan Yojana. This will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs). "Big industrial houses provide jobs to only 1.25 crore people, while small...
  • PM Modi to launch MUDRA Bank today April 8, 2015

    New Delhi: Prime Minister Narendra Modi on Wednesday will launch MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs). The roles envisaged for MUDRA include laying down policy guidelines for micro...
  • Bullet News: Catch the day's top stories April 7, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Zakka Jacob April 7, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Maharashtra government makes mandatory screening of marathi films in multiplexes April 7, 2015

    Screening of Marathi films during the prime time slots of 6pm to 9pm in multiplexes has been made mandatory by Maharashtra government. ...
  • SBI, HDFC Bank, ICICI Bank cut lending rate; home, auto loans to get cheaper April 7, 2015

    Mumbai: Nudged by the Reserve Bank of India, leading banks, State Bank of India, ICICI Bank and HDFC Bank, on Tuesday cut their lending rates. While SBI and HDFC Bank cut rates by a token 0.15 per cent, ICICI Bank slashed its lending rate by 0.25 per cent after the...
  • RBI keeps interest rates unchanged, EMIs likely to remain the same April 7, 2015

    New Delhi: The Reserve Bank of India kept interest rates on hold at 7.50% on Tuesday, waiting for more clarity on inflation after heavy rains raised uncertainty about food prices and seeking to grant banks more time to reflect its previous rate cuts. With the apex bank not tinkering with...
  • Swiss ups black money vigil as India threatens criminal action April 5, 2015

    Berne/New Delhi: With India and some other nations threatening criminal proceedings over suspected black money in Swiss banks, the European nation has stepped up its supervisory and enforcement efforts to keep away the illicit funds from its banking system. This comes at a time when a number of Swiss institutions have...
  • Central Vigilance Commission forms panel to fast-track prosecution sanction April 3, 2015

    New Delhi: A six-member panel of experts has been formed by the Central Vigilance Commission (CVC) to review pending cases, referred to it by CBI for sanction of prosecution against corrupt government officials. CVC tenders advice in respect of officers coming under its jurisdiction against whom the CBI has sought sanction...