SBI error makes Kanpur woman richest in the world
Jul 26, 2015 at 12:26 | Source:
Urmila Yadav, a resident of Kanpur's Vikas Nagar, received a shock of lifetime when she realized that her bank account, which held Rs 2000, showed a balance of Rs 95,71,16,98,647.14.Yadav had opened a savings account at the State Bank of India (SBI) ...
Cautious SBI may delay $1.5 bn bond sale fearing Greek crisis spillover
Jul 08, 2015 at 17:48 | Source:
New Delhi: State Bank of India (SBI) may delay $1.5 billion overseas bond issuance programme due to volatility in foreign market as a result of Greek debt crisis. "There is volatility in the global market due to Greek issue. No one would venture...
Sensex marks highest close in 2-1/2 months; banks rally| Reuters
Jul 02, 2015 at 01:45 | Source:
MUMBAI The BSE Sensex rose nearly 1 percent on Wednesday, to close above the psychologically important 28,000 level, its highest close in nearly 2-1/2 months, as state-run banks rose after the government's plan for a comprehensive package raised hope...
India asks refiners to buy dollars, euros to settle Iran oil dues| Reuters
Jul 01, 2015 at 01:45 | Source:
NEW DELHI India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.Local refiners still owe Ira...
Finance ministry assessing capital requirement of public sector banks
Jun 24, 2015 at 19:36 | Source:
New Delhi: The finance ministry has asked public sector banks to submit their immediate and mid-term capital requirement from the government to comply with global capital adequacy norms and also to fund their growth plans."Besides current fisca...
Meet Beno Zephine, the first visually challenged person to join the IFS
Jun 15, 2015 at 17:57 | Source:
Before 12 June, 25-year-old NL Beno Zephine was a probationary worker at State Bank of India, but all changed when the External Affairs Ministry informed her that she had officially been inducted into the 69-year-old Indian Foreign Service.This would...
Reliance Industries to roll out keenly-awaited 4G services in December
Jun 12, 2015 at 13:22 | Source:
Mumbai: Reliance Industries Ltd (RIL) will begin commercial operations of its much-awaited 4G telecom services by December, while it plans to complete projects worth over Rs 2 lakh crore in the core oil and petrochemical businesses over the next 12-1...
Sensex plunges 470 pts as monsoon woes resurface, Nifty ends below 8,000
Jun 11, 2015 at 16:25 | Source:
Domestic concerns once again came back to haunt the local equity markets as worries over delay in monsoon resurfaced pulling down the benchmark Nifty below the crucial 8,000 mark while investors took a swipe at banking shares.Today's free fall in mar...
Banks see new bad debt rules as step in right direction| Reuters
Jun 09, 2015 at 23:30 | Source:
MUMBAI Indian banks have welcomed new rules that could allow them to take majority stakes in troubled companies as a warning to wayward entrepreneurs, even if the provisions will not apply to the bulk of struggling loans from past years.The Reserve B...