By Sakshi Gulati-----
New Delhi, March 15 (IANS) The state-run Punjab National Bank (PNB), India's third-largest lending institution, will soon set up an IT susidiary to provide technology-related assistance to the country's growing financial sector.
By V. Jagannathan-----
Chennai, Feb 15 (IANS) India's life insurance industry is expected to grow by around 10 percent in 2010 over the previous year, mainly by improving efficiency but also by expanding in small towns and villages, industry experts say.
...
Mumbai, Jan 29 (IANS) Shifting its stand from an accommodative monetary policy to managing inflation, pegged at a high 8.5 percent by end-March, India's central bank hiked a key policy rate Friday to suck Rs.36,000 crore ($7.2 billion) out of the system....
Mumbai, Oct 27 (IANS) India's central bank has retained its growth projection for the country's economy at 6 percent for the current fiscal but significantly raised its expectations on the annual inflation rate to 6.5 percent by the end of March....
Mumbai, Oct 1 (IANS) State Bank of India, the country's largest, Thursday said it has revised downwards the deposit rates by 25 basis points across all maturities effective from October 2005....
New Delhi, Sep 26 (IANS) Indian equities traded on a cautious note this week as anxious investors sought to book profits ahead of the quarterly results season. Uncertain global cues and concerns that inflation could return to haunt policy makers added to investor anxiety....
New Delhi, Sep 23 (IANS) The World Bank has approved $4.3 billion in loans for India to help finance infrastructure projects and support its economic stimulus programme....
Hyderabad, Sep 17 (IANS) Interests rates may marginally increase towards the end of the current fiscal as the economic situation is improving and demand is picking up, Prime Minister's Economic Advisory Council Chairman C. Rangarajan said here Thursday....
Mumbai, Sep 14 (IANS) Private sector lender ING Vysya Bank Monday said it will raise Rs.416 crore by allotting equity on preferential issue basis and issuing shares to qualified institutional buyers....
By Fakir Balaji
Coonoor (Tamil Nadu), Sep 14 (IANS) State-run Export-Import Bank of India (Exim Bank) will fund Indian firms to acquire plantation estates in African and South American countries, a top official said here Monday....
New Delhi, Sep 14 (IANS) Private sector lender Yes Bank Monday announced that it has entered into an agreement with Proparco, a French multilateral development finance agency, to raise $20 million (Rs.97.45 crore) subordinated debt....
New Delhi, Sep 10 (IANS) India is committed to providing affordable housing to the urban poor despite problems in acquiring land and getting money, Housing and Urban Poverty Alleviation Minister Kumari Selja said here Thursday....
Mumbai, Aug 25 (IANS) Public sector lender Punjab National Bank Tuesday said it would raise Rs.500 crore through the issue of bonds to meet its capital requirements....
Mumbai, Aug 21 (IANS) Barely five months after the service charge on using automated teller machines (ATMs) of other banks was scrapped, it will be re-introduced if someone uses this facility more than five times a month, a high-ranking banking sector official said here Friday.
...
By Vivek Shukla--
New Delhi- Punjab National bank presented RTGS credit advice of Rs.364.48 crore dividend for the financial year 2008-09 to Finance Minister Mr Pranab Mukherjee. On behalf of PNB, Mr Mohan V Tanksale and Nagesh Pydah, Executive Directors presented the cheque....
New Delhi, Aug 18 (IANS) The erratic monsoon may lead to a further rise in prices of essential commodities, the Reserve Bank of India said Tuesday.
"The erratic monsoon may put pressure on inflation and could increase the prices," RBI Deputy Governor K.C. Chakrabarty told reporters on the sidelines of a conference here....
New Delhi, Aug 7 (IANS) A strike by over a million employees of 25 state-run banks hit both individual and corporate customers Friday, the second day of the two-day strike over wages and pensions.
...
New Delhi, Aug 6 (IANS) Nearly one million bank employees in India, including some with private and foreign banks, went on a two-day nationwide strike Thursday demanding higher wages and a better social security net. ...
New Delhi, Aug 3 (IANS) Employees of state-run banks have decided to go ahead with their proposed strike Thursday and Friday following failure of talks with the government over hike in wages and other demands.
...
By Vivek Shukla--
New Delhi- You must be busy these days in filing your annual income tax returns. In case, you have already filed it, you must be feeling very relaxed.
Anyway, it is important for you to understand that although the tax man has been vested with the task of collecting taxes on the incomes of the citizens, he has deemed certain kinds of incomes as "not included in total income". ...
Home
Set as homepage
Add to favorites
Mobile site