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UBI dubs Mallya wilful defaulter

Sep 02, 2014 at 09:32 | Source: Calcutta Telegraph News

Calcutta, Sept. 1: The United Bank of India (UBI) today became the first public sector lender to declare Vijay Mallya, chairman of debt-laden Kingfisher Airlines, as a wilful defaulter. “We have declared Vijay Mallya and three other directors o...

PM Narendra Modi's Jan Dhan Yojana: Fake accounts may cloud the plan

Sep 01, 2014 at 09:32 | Source: Economic Times

KOLKATA: Prime Minister Narendra Modi's financial inclusion drive is off to a flying start, but some who enrolled under the Pradhan Mantri Jan Dhan Yojana may have accounts elsewhere and could have been persuaded to open new ones because of the attac...

Confidence has returned, time for action: India Inc

Aug 29, 2014 at 18:57 | Source: Zee Business

Pic Courtesy: - New Delhi: As Prime Minister Narendra Modi completes 100 days in office next week, the overall sentiment of India Inc. is one of optimism, as the reversal of a perception of policy inaction with several meaningful steps on economic r...

Aim to bring more within bank fold

Aug 29, 2014 at 13:42 | Source: Calcutta Telegraph News

New Delhi, Aug 28: Prime Minister Narendra Modi today launched the Jan Dhan financial inclusion programme for about 10 crore families with no access to formal banking. These families will be provided zero-balance bank accounts along with RuPay debit...

SBI cuts home loan rate

Aug 27, 2014 at 13:52 | Source: Calcutta Telegraph News

Mumbai, Aug. 26: The State Bank of India (SBI) today reduced interest rates on home loans by up to 15 basis points. The relief, however, will only apply to new home loans and there will be no change in the equated monthly instalments of existing bor...

Banks tighten vigil on Bhushan

Aug 19, 2014 at 05:52 | Source: Calcutta Telegraph News

Mumbai, Aug. 18: The creditors of Bhushan Steel will take steps, including an audit, to ensure the steel maker, whose managing director is implicated in a bribery case, pays back around Rs 40,000 crore it owes. The creditors, which include the State...

B-school graduates now want PSU jobs over private sector: survey

Aug 16, 2014 at 14:00 | Source: FirstPost

Mumbai: Business school graduates are now increasingly preferring to work in public sector undertakings over private entities owing to a plethora of factors including job security and lucrative salaries besides generous perks and special allowances, ...

PSUs attracting talent from B-schools: ASSOCHAM; B-school grads lukewarm preference for foreign companies & attracted to PSUs;

Aug 16, 2014 at 13:57 | Source: Assocham

Wish you all A very Happy Independence Day. More and more pass-outs from business schools are flocking to topline public sector companies due to job security, improving prospects of firms and headwinds faced by the private sector, especially those i...

B-school graduates now prefer PSU jobs over private ones: survey

Aug 16, 2014 at 10:13 | Source: FirstPost

Mumbai: Business school graduates are now increasingly preferring to work in public sector undertakings over private entities owing to a plethora of factors including job security and lucrative salaries besides generous perks and special allowances, ...

State Bank arrests net profit slide

Aug 09, 2014 at 03:22 | Source: Calcutta Telegraph News

Mumbai, Aug. 8: The State Bank of India (SBI) today surprised investors by reporting its first net profit growth in six quarters. The net profit of the country’s largest bank rose 3.33 per cent to Rs 3,349 crore for the quarter ended June 2014...

ITC, L T, Hindustan Unilever Ltd India's most admired companies

Aug 07, 2014 at 02:07 | Source: Economic Times

NEW DELHI: FMCG giant ITC is India's most admired company, followed by engineering major L&T and Hindustan Unilever Ltd, according to a list compiled by Fortune India with global management consultancy Hay Group. ITC scored the highest on parameters...

Policy review: RBI may focus on easing fund flow, hold rates

Aug 05, 2014 at 05:02 | Source: Economic Times

MUMBAI: The Reserve Bank of India is unlikely to cut rates at its August 5 monetary policy announcement, but may prepare ground for an easier rate regime by introducing some liquidity enhancing measures. Meanwhile, indicators of an imminent revival i...

RBI likely to keep interest rate unchanged tomorrow

Aug 05, 2014 at 05:02 | Source: Economic Times

NEW DELHI: The Reserve Bank may maintain the status quo on interest rate in its bi-monthly monetary policy review to be unveiled tomorrow amid apprehensions that deficient rainfall may further push up food inflation. The food inflation remaining ove...

SBI banks on retail

Aug 03, 2014 at 03:42 | Source: Calcutta Telegraph News

Calcutta, Aug. 2: The State Bank of India expects its retail business to grow at 20 per cent this fiscal, driven largely by increased advances and digital banking initiatives by the country’s largest lender. “We expect a 20-25 per cent g...

SBI Life Insurance net profit up 14 per cent to Rs 241 crore in Q1

Jul 31, 2014 at 01:52 | Source: Economic Times

MUMBAI: SBI Life Insurance reported a 14% rise in net profit to Rs 241 crore for the first quarter of this fiscal year ending June 2014 against Rs 212 crore in the comparable quarter last year. SBI Life Insurance is a joint venture between State Bank...

Bank recap prop on way

Jul 20, 2014 at 03:21 | Source: Calcutta Telegraph News

New Delhi, July 19: Finance minister Arun Jaitley today said state-run banks would require recapitalisation worth Rs 2.4 lakh crore and this would be a top priority for the government. Officials said the finance ministry would prepare a draft cabine...

SBI selective in rate cut

Jul 16, 2014 at 09:17 | Source: Calcutta Telegraph News

Mumbai, July 15: The State Bank of India today reduced the interest rate on select term deposits by up to 50 basis points. Sources in the country�s largest lender said there were no plans to slash the lending rates. The SBI�s move is expected to...

Pragmatic steps to move forward

Jul 11, 2014 at 03:37 | Source: Calcutta Telegraph News

The budget has made a bold attempt to reignite growth through a bottoms-up approach. The budget has something in it for all, with primary emphasis on bijli, sadak, pani, makan and souchalay. There are also tax concessions for aam admi class and empo...

Budget 2014: From Deepak Parekh to Deveshwar, India Inc hails Modi govt's first Budget

Jul 10, 2014 at 18:54 | Source: FirstPost

New Delhi/Mumbai/Kolkata: Welcoming the Narendra-Modi-led NDA government's maiden Budget 2014-15, industry players said it sets the tone for attaining higher growth trajectory, job creation and attracting investments for an economy grappling with mul...

Kingfisher, UBI lock horns

Jul 10, 2014 at 11:42 | Source: Calcutta Telegraph News

Calcutta, July 9: The grounded Kingfisher Airlines today moved Calcutta High Court challenging a letter issued by the United Bank of India that asked its chairman Vijay Mallya and other board members to meet the bank officials for alleged wilful def...

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