To prevent the use of stolen cards, the Reserve Bank of India on Wednesday asked banks to consider issuing debit cards with photographs of the cardholders on them. "With a view to reducing the instances of misuse of lost/stolen cards, banks may consider issuing cards with photographs of the cardholder or any other advanced methods that may evolve from time to time," the RBI said while issuing guidelines for issuance...
07:44 PM, Dec 12, 2012
The Indian banking system liquidity deficit is within comfort zone and the Reserve Bank of India will take more steps to address the deficit if needed, its Deputy Governor Subir Gokarn said on Friday. ...
12:20 PM, Dec 07, 2012
Los Angeles: Tom Hanks was concerned about accepting the role of iconic animator Walt Disney in new film 'Saving Mr Banks' because he feared he would not be able to do the movie with justice. Disney, the founder of the animated studio, spent 14 years trying to persuade 'Mary Poppins' author P L Travers to allow the studio to make a film based on her popular children's story. Travers was...
11:55 AM, Nov 16, 2012
Former Swiss bank employee Rudolf Elmer, who gave WikiLeaks the black money list, told CNN-IBN on Sunday that the list included Indian politicians, cricketers and film stars. ...
06:10 PM, Nov 11, 2012
Mumbai: The Reserve Bank on Friday asked banks not to reject any educational loan application even if the residence of the borrower does not fall under their service area. "Banks are advised not to reject any educational loan application for reasons that the residence of the borrower does not fall under the bank's service area," RBI said in a notification on Friday. RBI has further asked the banks to issue...
04:02 AM, Nov 10, 2012
Banking Consultant Jasmine Arora said that it was not responsible of Arvind Kejriwal to say that opening an account in Swiss banks is easier. Kejriwal had said that the process of opening an account in the Geneva branch of HSBC Bank was easier than opening an account in the SBI account. "Documents show how easy it is to operate the Swiss accounts sitting here in India. Documents show how money ...
04:05 PM, Nov 09, 2012
Kazakh bank Sberbank has created a diamond encrusted credit card made from gold for its top 100 customers. The card made with Visa does not have a magnetic swipe but can be used for chip and pin transactions. The cards are made of pure gold inlaid with 26 diamonds and a pearl complemented chasing. ...
06:36 PM, Oct 31, 2012
London: Emma Thompson is all set to give Tom Hanks a tough time in Walt Disney's biopic 'Saving Mr Banks'. Thompson, 53, is playing the role of 'Mary Poppins' author P L Travers in the film, which is currently being shot while Hanks plays Walt Disney. The actress wore her hair in tight curls and carried a white beaded clutch bag during the shoot, the Daily Mail reported. Disney, the...
10:34 AM, Oct 30, 2012
New Delhi: Kingfisher's bankers, which have over Rs 7,500 crore locked in the ailing airline, will soon meet to chart out the future course of action, said PNB Chairman and Managing Director KR Kamath. "The bankers will sit and decide what is the situation now and what they will do," Kamath said. Punjab National Bank (PNB) is part of the SBI-led consortium of 17 banks that has exposure in the...
03:53 AM, Oct 24, 2012
Mumbai: Indian banks would reduce their interest rates if the Reserve Bank of India cuts its key lending rate at its mid-term policy review on October 30, the chief of an Indian banks' body assured the central bank governor on Friday. KR Kamath, chairman of the Indian Banks' Association, who also heads the state-run Punjab National Bank, and other top bankers met Duvvuri Subbarao and the four deputy governors at...
12:49 PM, Oct 06, 2012
Mumbai: The State Bank of India (SBI) on Friday said Kingfisher lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid for the past seven months. "The money that has been released by the tax authorities, 80 per cent of that will be made available to the company on humanitarian grounds, specifically to pay salaries of the employees," SBI...
07:04 PM, Oct 05, 2012
New Delhi: Adding twist to the Kingfisher Airlines crisis, sources said that the airline will not be able to pay the full salaries to its employees. The current monthly salary outgo for Kingfisher Airlines stands at approximately Rs 20 crore. Half of the airline staff were paid their March salaries but for the outstanding salaries, the airline will need Rs 10 crore. The balance amount for seven months is Rs...
01:42 PM, Oct 05, 2012
Los Angeles: Model Tyra Banks reveals she was bullied in school because she was so thin. "When I was 11 years old, I grew three inches and lost 30 pounds in three months. So I went from being a mean bully, cute little chubby little girl to shooting up, weighing 98 pounds and just looking sick and frail," contactmusic.com quoted Banks as saying. "I wasn't sick, but people thought there...
03:09 PM, Sep 18, 2012
The market was expecting the Reserve Bank of India to cut interest rates after the government announced some key policy reforms last week. But by keeping the repo rate unchanged at 25 basis points, the RBI has made it clear that it is more worried about curbing inflation in the short term. However, in a bid to ease liquidity in the system, the central bank has trimmed the cash reserve...
03:54 PM, Sep 17, 2012
Kolkata: The coal block allocation controversy may not have a direct link to banks, but a senior official of state-run State Bank of India on Friday said the banks may be affected due to an indirect link of the lenders to power companies. "Till now nothing has been held up because of the coal block issue. It is an indirect linkage for the banks because it goes and affects power...
12:32 AM, Sep 15, 2012
Mumbai: HDFC Bank and Kotak Mahindra Bank have pipped their Chinese peers in the Forbes Asia's 'Fab 50' list this year. HDFC Bank, the country's most valued bank with the largest market capitalisation, and Kotak Mahindra Bank are the only two banks from Asia in the list, and among the 11 companies from India in the 2012 edition of Forbes Asia's Fab 50, HDFC Bank said in a statement in...
07:59 PM, Sep 07, 2012
New Delhi: The Reserve Bank has widened its probe into the affairs of British banking giants HSBC and Standard Chartered to a host of other foreign banks for alleged breach of controls against money laundering and terror financing. Besides, capital market regulator Sebi may also join the investigations, as there are concerns of funds from these banks being routed to the stock market through foreign investors and other entities, sources...
01:28 PM, Aug 26, 2012
Sivaganga: Finance Minister P Chidambaram on Saturday said more branches of nationalised banks would be opened this year in areas where the minority population is significant so that they have access to banking service and various facilities under government schemes. Declaring open the Bank of Maharastra's branch and ATM at Rajagambeeram in this district, he said in 2011 alone 1,023 bank branches were opened in 121 districts where the minority...
05:20 AM, Aug 26, 2012
Patna: Bihar Chief Minister Nitish Kumar on Saturday directed the banks to improve micro management of its workforce to ensure delivery of its services to the people. "The banks must improve micro management of workforce to deliver services to the people and take initiatives among others to encourage the prospective customers to open their saving accounts," he said, addressing a seminar on the topic 'Bihar: Banking on Inclusion'. "There appeared...
09:57 PM, Aug 25, 2012
New Delhi/Mumbai: Bharti Airtel has shortlisted banks including Standard Chartered and JPMorgan to manage a share flotation for its telecoms masts unit to raise more than $750 million, two sources with direct knowledge of the matter said. The biggest Indian mobile phone carrier has also shortlisted Bank of America Merrill Lynch, HSBC, UBS and Kotak Mahindra for the initial public share offer (IPO), the sources said on Friday. Bharti may...
04:41 AM, Aug 25, 2012
