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Bank trio weigh UK joint account

Nov 07, 2014 at 12:42 | Source: Calcutta Telegraph News

Mumbai, Nov. 6: Three PSU banks having retail operations in the UK are exploring the possibility of forming a joint venture to meet the new norms of the British regulator. The Bank of England’s Prudential Regulatory Authority (PRA) has asked f...

NSA Doval visits Burdwan blast site, meets Mamata Banerjee

Oct 27, 2014 at 21:45 | Source: FirstPost

Kolkata: India's top security and intelligence brass led by National Security Advisor Ajit Doval on Monday visited the Burdwan blast site and met West Bengal Chief Minister Mamata Banerjee, who promised full cooperation in solving the case in which m...

Links between bank robbery and Burdwan blast being probed: NIA

Oct 24, 2014 at 09:35 | Source: FirstPost

Hyderabad/Karimnagar: NIA is probing the link between 2 October blast in Burdwan district of West Bengal and the gang involved in a robbery at an SBI branch in Karimnagar district of Telangana in February."Yes, the links between this gang and th...

PSU bank trio in a spot in UK

Oct 21, 2014 at 23:42 | Source: Calcutta Telegraph News

Mumbai, Oct. 20: At least three Indian public sector banks with operations in the UK may have to rejig their structure after the Bank of England’s Prudential Regulatory Authority (PRA) announced new norms last month. Banking circles fear the n...

Axis Bank cuts base rate

Oct 17, 2014 at 12:32 | Source: Calcutta Telegraph News

Mumbai, Oct. 16: Axis Bank today cut the base rate by 10 basis points, thereby lowering the minimum lending rate by 0.1 per cent to 10.15 per cent. The new rates, to be applicable from October 15, will bring cheer to both existing and new borrowers ...

Maharashtra elections: India Inc votes for stability, growth

Oct 15, 2014 at 20:50 | Source: FirstPost

Mumbai: Captains of India Inc, including Ratan Tata and Adi Godrej, today voted in the Maharashtra Assembly polls, and sought a stable government to address the infrastructure needs of the megapolis and push growth in the state."We want change i...

Fed fuels stock surge

Oct 10, 2014 at 15:52 | Source: Calcutta Telegraph News

Mumbai, Oct. 9: The BSE benchmark Sensex today surged 390 points to close at a one-week high of 26637.28 as investors tracked a rally in the world markets after the US Federal Reserve said it was not in a hurry to hike rates. The 50-share NSE Nifty ...

SBI Hyderabad growth push

Sep 29, 2014 at 07:57 | Source: Calcutta Telegraph News

Calcutta, Sept. 28: The State Bank of Hyderabad expects credit disbursement to grow despite the proposed agricultural debt waiver in Telangana. Managing director Santanu Mukherjee said the Hyderabad-based bank expected majority of the 12 per cent gr...

Court breather for Kingfisher

Sep 28, 2014 at 04:17 | Source: Calcutta Telegraph News

Calcutta, Sept. 27: Kingfisher Airlines has secured a stay from Calcutta High Court on United Bank of India’s decision to declare the airline’s chairman Vijay Mallya and its directors as wilful defaulters. Kingfisher, along with its dire...

S P ups outlook Rating revision linked to real GDP growth

Sep 27, 2014 at 04:22 | Source: Calcutta Telegraph News

New Delhi, Sept. 26: India regained its “stable” outlook from Standard and Poor’s on Friday, more than two years after an embarrassing downgrade, in a validation of Prime Minister Narendra Modi’s ambitious agenda of economic ...

State Bank splits stock into 10

Sep 25, 2014 at 04:47 | Source: Calcutta Telegraph News

Mumbai, Sept. 24: The State Bank of India today joined a growing list of companies by announcing a stock split. At a board meeting today, the country’s largest bank decided to sub-divide its share of a face value of Rs 10 each to 10 shares of ...

Coal: Banks with Rs 1 lakh crore exposure sitting on mine of worries

Sep 24, 2014 at 20:47 | Source: Economic Times

NEW DELHI: The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines. Almost all banks including country's largest lender ...

Equity NFOs rev up as markets revive

Sep 24, 2014 at 14:21 | Source: Economic Times

It is raining new fund offers (NFOs) in the equity mutual funds (MFs) space. As many as six equity NFOs are currently open for subscription. ICICI Prudential, Reliance, SBI and Sundaram are among the fund houses offering equity NFOs to investors. Wit...

Odisha's ex-AG Ashok Mohanty arrested in chit fund scam

Sep 22, 2014 at 17:58 | Source: FirstPost

Bhubaneswar: CBI today arrested Odisha's former advocate general Ashok Mohanty for alleged links with Artha Tatwa Group, a ponzi company accused of duping investors of crores of rupees in the state.Mohanty was picked up from his residence in Cuttack,...

Credit spread with bank pacts

Sep 19, 2014 at 04:22 | Source: Calcutta Telegraph News

Mumbai, Sept. 18: Three top Indian banks today entered into agreements with their Chinese counterparts to facilitate the financing of products and services from Beijing. ICICI Bank and the State Bank of India have joined hands with the Export-Import...

Deposit rates soften

Sep 17, 2014 at 10:17 | Source: Calcutta Telegraph News

Mumbai, Sept. 16: Deposit rate cuts by two banks amid a liquidity slosh in the economy have raised hopes of a possible rate cut by the RBI later this month — but an eminent banker thinks otherwise. The State Bank of India today reduced deposit...

FMCG, pharma back in demand as large MFs lap up stocks in August

Sep 17, 2014 at 04:11 | Source: Economic Times

Mumbai: A sift through the August portfolio of mutual funds shows the return of FMCG and pharma stocks in new purchases. According to data provided by mutual fund tracking firm Value Research stocks such as Nestle, Dabur, Jyothy Laboratories and Auro...

SBI Mutual aspires to be on Top 5 list

Sep 12, 2014 at 12:17 | Source: Calcutta Telegraph News

Calcutta, Sept. 11: SBI Mutual Fund is eyeing Rs 90,000 crore assets under management this fiscal. A joint venture of the State Bank of India and French asset management firm Amundi, SBI Mutual Fund will focus on equity and has planned three new fun...

SBI chief Arundhati Bhattacharya among Bloomberg Market's '50 Most Influential'

Sep 11, 2014 at 12:45 | Source: Economic Times

MUMBAI: State Bank of India's (SBI) first woman chairperson Arundhati Bhattacharya been featured in the '50 Most Influential' list of Bloomberg Markets. Bhattacharya, who is the only Indian woman to be present in the list, is featured in the 'bankers...

Jammu and Kashmir floods: Cong sends material, volunteers to aid relief effort

Sep 10, 2014 at 19:12 | Source: FirstPost

New Delhi: Congress today stepped up its aid efforts in Jammu and Kashmir with the party sending relief material, including boats, medicines and tents, besides 100 volunteers to the flood affected areas even as state governments ruled by it donated R...

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