BANKS

  • Widows of Vrindavan begin Diwali celebrations on Yamuna banks Yesterday

    Vrindavan: The widows of Vrindavan lit hundreds of earthen lamps at the banks of Yamuna as they began their three-day Diwali celebrations through which they intend to spread awareness about the need for the river's cleanliness. They marched towards the river bank in a procession carrying lighted colourful 'diyas' (earthen lamps)...
  • RBI redistributes work among Deputy Governors Yesterday

    Mumbai: The Reserve Bank, which is in the process of restructuring some of its departments, redistributed work among its four Deputy Governors. It said that consequent on reorganisation of the departments/work areas in the Reserve Bank effective on November 3, 2014, the portfolios of the Deputy Governors has been redistributed....
  • Andy Murray beats Ferrer in Vienna to win 30th title 3 days ago

    Vienna: Andy Murray continued his recent resurgence by winning his second title in three weeks at the Erste Bank Open on Sunday and boosting his chances of making the cut for the ATP finals. The 11th-ranked Murray rallied to defeat David Ferrer 5-7, 6-2, 7-5 in a dramatic finish. The Scot...
  • Prakash Javadekar leads bank employees' delegation to meet Finance Minister 4 days ago

    New Delhi: Representatives of bank employees headed by Union Minister Prakash Javadekar on Saturday met Finance Minister Arun Jaitley for early settlement of wage revision negotiations. Javadekar said the Finance Minister assured the delegation that he would look into the matter and the settlement process would be expedited. The delegation's meeting with...
  • SBI says most of Hudhud-hit branches in Andhra now operational 4 days ago

    Mumbai: State Bank of India said it has restored normal operations at almost all the 225 branches affected by the cyclone 'Hudhud' in Andhra Pradesh. "Of the 225 branches in the affected districts of Visakhapatnam, Vijaynagaram and Srikakulam, as many as 195 branches have been brought to normal as of...
  • Black money: Refusal to declare names of account holders disillusions BJP supporters 5 days ago

    New Delhi: The Narendra Modi government's promise to bring back black money stashed abroad, is now veering uncomfortably close to the UPA government's line. The Centre told the Supreme Court on Friday that it cannot disclose details given by countries with which India has a double taxation avoidance agreement. Finance...
  • Opening account in foreign bank is not crime: Attorney General Mukul Rohatgi 5 days ago

    New Delhi: With the Modi government facing the arduous task of fulfilling its promise of getting back black money stashed abroad, Attorney General Mukul Rohatgi today said all amounts deposited in foreign banks by Indian citizens can't be termed as black money and that it is not a crime to...
  • UN's $1 billion Ebola fund gets deposit of just $100,000 so far 6 days ago

    United Nations: A United Nations trust fund, seeking $1 billion to fight Ebola in West Africa, has received a deposit of just $100,000 nearly a month after it was set up to allow for rapid, flexible funding of the most urgent needs on the ground. As of Thursday, $365 million had...
  • Swiss will examine India's request for banking information on priority basis 6 days ago

    In a major breakthrough in India's fight to bring back black money stashed abroad, Switzerland said it will examine India's requests for banking information on a priority basis. ...
  • SBI growing with India-Singapore trade partnership, says chief executive Anil Kishora October 13, 2014

    Singapore: State Bank of India (SBI) said it is playing an important role in the celebrations to mark the 50th year of India-Singapore diplomatic relations. "We are an integral part of the Singapore ecosystem and will continue to be involved in the run-up to the celebrations in 2015," SBI country...
  • World Bank keen on funding Andhra Pradesh Buddhist circuit: CM Naidu October 11, 2014

    Hyderabad: Making tourism one of its key focus areas in its services sector mission, Andhra Pradesh government said on Saturday that the World Bank is keen on funding the state's 'Buddhist circuit'. Andhra Pradesh Chief Minister N Chandrababu Naidu said that proposals to develop tourist circuits would be invited and...
  • Would love to work with Kapil Sharma one day, I'm a huge fan: Riteish Deshmukh October 9, 2014

    Mumbai: Riteish Deshmukh has started shooting for 'Bank Chor' which sees him as a common man who turns into a bank robber, a role which was initially to be played by stand-up comedian Kapil Sharma. He says he is a huge fan of the latter and would love to work...
  • Vivek Oberoi, Riteish Deshmukh begin 'Bank Chor' shoot at Mehboob Studio October 9, 2014

    Mumbai: After the "Masti" franchise, Riteish Deshmukh has teamed up with Vivek Oberoi for "Bank Chor" and currently they are busy shooting for the film in a studio here. He says they share "a great chemistry". A huge bank set has been put up in Mehboob Studio here for the film,...
  • World Bank sees financial impact of Ebola at as much as $32.6 billion in Africa October 8, 2014

    Geneva: The regional impact of West Africa's Ebola epidemic could reach $32.6 billion by the end of 2015 if it spreads significantly beyond the worst-hit countries of Guinea, Liberia and Sierra Leone, the World Bank said on Wednesday. "The enormous economic cost of the current outbreak to the affected countries and...
  • Canara Bank donates Rs 5.67 crore to PM Relief Fund October 7, 2014

    New Delhi: State-owned Canara Bank donated Rs 5.67 crore to Prime Minister's National Relief Fund for rescue and relief operations in flood-ravaged Jammu & Kashmir. The cheque was handed over by the bank's Executive Director A K Gupta here, Canara Bank said in a statement. Last month, Prime Minister Narendra...
  • UK-based NRI donates 250,000 pounds to University October 7, 2014

    London: A UK-based NRI has donated 250,000 pounds to the London South Bank University in support of its graduate entrepreneurship programme. The donation by Rami Ranger, Chairman and founder of Sun Mark Ltd and Sea, Air and Land Forwarding Ltd will be used to set up a fund for Enterprise Excellence...
  • Indian economy to grow by 6.4 per cent in 2015-16: World Bank October 7, 2014

    Washington: Indian economy, which accounts for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16 as against 5.6 per cent in 2014-15, the World Bank has said. With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi,...
  • Hackers hit bank. Is your money safe anywhere? October 4, 2014

    New York: Hackers stole personal information from millions of JPMorgan Chase customers this summer, in one of the biggest breaches of a financial company. The bank says only non-financial data was taken - names, addresses, telephone numbers and email. But that's still a lot of personal detail, and experts warn that...
  • Singapore honours veteran Indian-origin social worker October 3, 2014

    Singapore: An 80-year-old Indian-origin social worker in Singapore has been felicitated and given a cash prize of SGD 10,000 for his community work. KV Veloo was felicitated by the Minister for Culture, Community and Youth, Lawrence Wong and an award by Tabla, a local weekly on Indian social activities in addition...
  • White US woman sues over sperm from black donor October 3, 2014

    Cleveland: A woman has sued a Chicago-area sperm bank after she became pregnant with sperm donated by a black man instead of a white man as she and her partner had intended. The Ohio woman is seeking damages and wants to ensure the sperm bank doesn't make a similar mistake...
  • US hospital bungled report of Africa travel in Ebola case October 2, 2014

    Washington: The first person diagnosed with Ebola in the United States initially told a nurse he had traveled in Africa but was sent home anyway, raising concerns about US preparedness for the spread of the deadly virus. The man, whose identity and nationality have not been released by health authorities, flew...
  • Lot of conviction, confidence in Modi's communication: Yes Bank CEO October 1, 2014

    A big focus of Prime Minister Narendra Modi's visit to the US was wooing the US business community. He had marathon meetings with top CEOs. CNBC's Managing Editor Shereen Bhan spoke to Yes Bank CEO Rana Kapoor on what he makes of PM Modi's business pitch. ...
  • Full text: RBI's fourth bi-monthly monetary policy review September 30, 2014

    New Delhi: Reserve Bank Governor Raghuram Rajan on Tuesday left all key rates unchanged citing continued risks to inflation and difficult external situation especially on the geopolitical front. Here is the full text of the report: ...
  • Black Money: Automatic information exchange to help India and Switzerland September 29, 2014

    Kolkata: Automatic information exchange would help India and Switzerland to contain stashing of black money in Swiss banks, Ambassador of Switzerland to India and Bhutan Linus Von Castelmur said on Monday. "For the future, I think the solution will be expected on automatic information exchange so that each and every...
  • Jan Dhan accounts cross 5 crore mark, banks collect over Rs 3500 crore September 29, 2014

    Mumbai: Banks have opened a whopping five crore accounts under the Jan Dhan scheme till September 25 and collected over Rs 3,500 crore in deposits, a top Finance Ministry official said on Monday. Led by state-run banks, the system has opened over 5 crore accounts under the Jan Dhan scheme as...
  • Sensex, Nifty flat; Reliance & Infosys up, HUL falls September 29, 2014

    Mumbai: Sensex on Monday fell 29 points to end at 26,597.11 while Nifty sliped 10 points to close at 7,958.90. Earlier the market has opened on a flat note. The Sensex is up 8.81 points at 26635.13 and the Nifty is up 9.60 points at 7978.45. About 474 shares have advanced,...
  • Syndicate Bank bribery case: Court grants bail to 3 accused September 27, 2014

    New Delhi: A Delhi court on Saturday granted bail to Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal, CMD of Prakash Industries Limited Ved Prakash Agarwal and one other accused, arrested in connection with the Syndicate Bank bribery case. Special CBI judge Swarana Kanta Sharma enlarged Singal, Agarwal...
  • Need to break back of inflation: Raghuram Rajan September 25, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan said there was a need to "break the back" of inflation which remains high and controlling it would make the apex bank's position more comfortable. "The real problem is inflation that is persistent. We have been emphasising again and again in order to break...
  • Supreme Court verdict scrapping coal blocks to weigh on lenders September 25, 2014

    Mumbai: The Supreme Court verdict scrapping most coal extraction permits given to companies over two decades has raised concerns that loans to the holders of the permits could turn sour, piling pressure on lenders already battling a rise in bad loans. The court said on Wednesday that companies will have until...
  • Syndicate Bank bribery case: Accused in judicial remand September 24, 2014

    New Delhi: A special court on Wednesday remanded in judicial custody till September 30 Syndicate Bank's suspended CMD SK Jain, Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal and others, who have been arrested in a bribery case. Special CBI judge Swarana Kanta Sharma sent the accused to six...