BANKS

  • Delhi: Bank cash van robbed of Rs 1.5 crore, guard shot at remains critical 3 hours 14 minutes ago

    Delhi: A cash van of a private bank in Kamla Nagar area of Delhi was robbed of Rs 1.5 crore in broad daylight on Saturday morning. The robbers shot at the guard stationed outside the van when he tried to retaliate. The guard remains critical. Two men on bike committed the...
  • The Hunger Games: Mockingjay - Part 1: Live tweet review Yesterday

    Directed by Francis Lawrence, 'The Hunger Games: Mockingjay- Part 1' stars Jennifer Lawrence, Josh1 Hutcherson, Liam Hemsworth, Woody Harrelson, Elizabeth Banks and Julianne Moore. It is the sequel to 'The Hunger Games: Catching Fire' and is the first of two films based on the novel...
  • ATM machine stolen in Delhi 3 days ago

    New Delhi: An ATM machine was stolen, police said on Tuesday. A sweeper spotted the ransacked ATM of the Union Bank of India located at west Delhi's Narela area Tuesday morning and informed the police. Along with the machine, the CCTV cameras installed inside the booth were also found missing. Police said the...
  • Global warming could undermine poverty fight: World Bank 5 days ago

    Washington: Climate change could undermine efforts to defeat extreme poverty around the globe, the World Bank has warned. In a new report on the impact of global warming, the bank said sharp temperature rises would cut deeply into crop yields and water supplies in many areas and possibly set back efforts...
  • Kotak Mahindra to buy ING Vysya Bank in all-stock deal November 20, 2014

    Mumbai: Private lender Kotak Mahindra Bank Ltd said on Thursday its board had approved the acquisition of local rival ING Vysya Bank Ltd in an all-stock deal, a move that could kick-start consolidation in the banking sector. Dutch lender ING Groep NV owns roughly a 43 per cent stake in ING...
  • Rupee opens at 61.83 per dollar; down 9 paise November 19, 2014

    Mumbai: The Indian rupee slipped by nine paise in the early trade on Wednesday. It had opened at 61.83 per dollar against 61.74 on Tuesday. The yen hovers at multi-year lows against the dollar and euro as the market cautiously waited to see what the Bank Of Japan would say...
  • 74 per cent accounts in Jan Dhan Yojana are with zero balance November 18, 2014

    New Delhi: Around Rs 5,400 crore have been deposited in banks in over seven crore bank accounts opened under Pradhan Mantri Jan Dhan Yojana of which 74 per cent accounts are with zero balance, according to an RTI reply. The data provided by Department of Financial Services says that as on...
  • Rate cut by RBI will give a good fillip to the economy: Arun Jaitley November 18, 2014

    Pushing for a rate cut by the Reserve Bank of India, Finance Minister Arun Jaitley said that the measure would give a good fillip to the economy. Jaitley's comments came on the back of a slide in crude oil prices and inflation moderating. "I am quite clear in my mind...
  • People of Kashmir, Northeast very much part of India: Vivek Oberoi November 17, 2014

    Srinagar: Bollywood actor Vivek Oberoi today said there was a need to shed the bias against the people of Kashmir and northeast India to give the youth from these places a chance to connect with their counterparts in rest of the country. "We say that we are ready to go to...
  • Oxigen: Smartphone, the new banking device November 15, 2014

    Smartphones are the new transaction tools in banking sector. Oxigen has been pioneering mobile payments for the last ten years. ...
  • Ahead of President's visit, Vrindavan authorities grapple to deal with monkey menace November 14, 2014

    Mathura: To keep monkeys at bay during President Pranab Mukherjee's visit to Banke Behari temple in Vrindavan on November 16, the district administration had decided to deploy langurs but it had to abort the plan following outcry from wildlife activists. "We have decided to withdraw services of langurs as it...
  • Watch: IIP up by 2.5 per cent against 0.4 per cent in August November 13, 2014

    With consumer price inflation dipping and factory output growing slightly, all eyes are now on the Reserve Bank of India. Will it or will it not cut rates at its next meeting is the question. ...
  • Delhi: Now, recharge Metro card through SMS November 13, 2014

    New Delhi: Delhi Metro commuters will now be able to recharge their smart cards by sending SMS to a designated number, courtesy a new facility launched on Thursday. To avail the service, passengers should have an account with ICICI Bank with their mobile number registered. The service is avialble at 71...
  • RBI against loan waiver scheme by state governments November 13, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan expressed reservation over the loan waiver scheme by various state governments and also suggested reasonable interest rate ceiling on loans from microfinance lenders. "Repeated loan waivers by various state governments distorts credit pricing, thereby also disrupting the credit market," he said at a function...
  • ICICI's Chanda Kochhar picks the broom as part of 'Swachh Bharat Abhiyan' November 12, 2014

    MD and CEO ICICI Bank Chanda Kochhar on Tuesday took part in Swachh Bharat Abhiyan leading a team of 50 employees to clean the street in front Bank's Backbay Reclamation branch in Mumbai. She announced that one branch of the bank will clean-up the surroundings on every working day for...
  • Public Sector Bank employees on a day-long strike on Wednesday seeking wage revision November 12, 2014

    Mumbai: Banking operations were affected all over India Wednesday as over a million bank employees went on a day's strike in support of their various demands, including pay revision, an official said here. The strike was total in 75,000 branches of 27 public sector banks, and 25,000 branches of 18 private...
  • Kingfisher Airlines seeks basis of wilful defaulter tag from UCO Bank November 9, 2014

    Kolkata: Grounded Kingfisher Airlines has written to UCO Bank wanting to know the basis of attaching the 'wilful defaulter' tag on the carrier. "First we had sent the airline and its corporate guarantor a notice asking why the two entities should not be declared as wilful defaulters," a source in the...
  • Xi Jinping calls for accelerated efforts to construct Silk Road Belt November 6, 2014

    Beijing: Buoyed by the successful launch of Asian Infrastructure Investment Bank in which India along with 20 other countries joined, Chinese President Xi Jinping called for accelerating efforts to construct Silk Road Economic Belt, saying that the two are complementary. "China will accelerate the construction of the Silk Road Economic...
  • Government to revive 23 district co-operative banks, to infuse Rs 2,375 crore November 5, 2014

    New Delhi: Government on Wednesday decided to infuse Rs 2,375.42 crore to revive 23 District Central Cooperative Banks (DCCBs) in four states which were on the verge of closure. Of the total amount, state government would contribute Rs 1,464.59 crore, Centre Rs 673.29 crore and NABARD Rs 237.54 crore, said a...
  • ICICI bank extends help to PM relief fund, contributes Rs 12 crore November 5, 2014

    New Delhi: ICICI Group on Wednesday made a contribution of Rs 12 crore towards the 'Prime Minister's National Relief Fund' for the people affected by the natural calamities in Jammu & Kashmir, Assam, Meghalaya and Andhra Pradesh. Commenting on the situation in these states, ICICI Bank chief Chanda Kochhar said,...
  • Ashamed to say my children studied abroad, says Uday Kotak November 5, 2014

    New Delhi: Pitching for major reforms in the country's education system, noted banker Uday Kotak on Wednesday said that he is "ashamed" to say that his children had to go overseas to study as he felt those courses were better abroad. Speaking during a session on education at the India...
  • Finance Minister to review progress of Jan Dhan Yojana November 5, 2014

    New Delhi: Months after Prime Minister Narendra Modi launched the 'Jan Dhan Yojana', Finance Minister Arun Jaitley on Wednesday will review the progress of the NDA government's flagship programme. Jaitley will meet the heads of top banks and take inputs from them on the programme that is aimed at making banking...
  • India ranking to improve if states' best practices included: World Bank November 4, 2014

    Mumbai: The World Bank, which recently ranked India 142nd in its ease of doing business list, on Tuesday said the ranking will improve by at least 50 notches if one includes the best practices followed at the state level. "A few years back the World Bank did a sub-national 'ease of...
  • India has potential to become 2nd largest steel consumer: Deutsche Bank November 2, 2014

    Mumbai: India's steel demand is expected to rise by 4-5 per cent this year and will touch 15 per cent CAGR after FY17 as the country has the potential to emerge as the second largest steel consuming market after China during FY15-20, Deutsche Bank said in its research report. With...
  • Pay Rs 20 for using ATM over 5 times a month November 1, 2014

    New Delhi: Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a levy of Rs 20 per transaction from Saturday. As per the Reserve Bank's new guidelines that comes into force from Saturday, bank customers in six metros-- Delhi, Mumbai,...
  • ATM cut open, Rs 14.50 lakh looted in Agra October 30, 2014

    Agra: Unidentified robbers looted an ATM of the Punjab National Bank, near Rohta crossing on Gwalior road on Thursday morning. The ATM was cut open with a gas cutter. Sadar thana police said the CCTV camera had been damaged by the robbers. Branch manager A.K. Agarwal said the ATM had Rs 14.50 lakhs,...
  • Switzerland remains largest offshore financial centre October 30, 2014

    Geneva: A huge global pressure to break secrecy veils of Swiss banks notwithstanding, Switzerland remains the world's largest offshore financial centre with client assets totalling over USD two trillion, a new study said. Besides the country is expected to remain "the biggest offshore centre for private banking in 2018," with...
  • News 360: Air India violates DGCA flying duty hours norms for crew October 28, 2014

    In the news yet again for wrong reasons, India's state air carrier Air India has been accused of flouting civil aviation guidelines and putting lives of hundreds of passengers at risk everyday. ...
  • Black money: Supreme Court raps Centre, demands all names by tomorrow October 28, 2014

    New Delhi: Taking a tough stand on the black money case, the Supreme Court on Tuesday directed the Central Government to disclose the names of all the account holders by Wednesday. The Supreme Court pulled up the Centre for seeking modification of its order on black money on disclosing names of...