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Banks hike foreign currency deposit rates - 18 Sep 2008
such as State Bank of India (SBI), Punjab National Bank (PNB) and HDFC bank have hiked the foreign currency deposit rates following Reserve Bank of India, India’s Central Bank that has eased the upper ceiling of foreign deposit rate by 0.50

SBI hikes PLR by 1%, deposit rates by 0.25-0.75% - 12 Aug 2008
India’s largest bank, the State Bank of India (SBI) on Monday has... to hike deposit rates on fixed deposits (FDs) ranging 0.25%-0.75% according to deposit terms. Releasing a statement, the PSUs bank icon has raised the PLR, which

RBI hikes Repo Rates by 0.25 percent, deregulates savings bank deposit rates - 25 Oct 2011
Mumbai, Oct.25 (ANI): The Reserve Bank of India (RBI) on Tuesday announced that it would be deregulating the savings bank deposit interest rate with immediate... deposit interest rate, subject to two conditions.  Each bank will have

SBI slashes deposit rates by 50 basis points - 14 May 2009
Mumbai, May 13 (IANS) State Bank of India (SBI), the country's largest lender, slashed deposit rates by 50 basis points on various maturities Wednesday. ....    This is the third downward revision of deposit rates in two months

SBI slashes deposit rates by 25 basis points - 02 May 2009
Mumbai, May 2 (IANS) The country's largest lender State Bank of India Saturday said it has cut deposit rates by 25 basis points (bps) effective from Monday. The new interest rate, for a deposit of 15-45 days, will be 3.75 percent

Repo rate hike pushes up bank deposit and debt rate - 17 Jun 2008
Bank of India (UBI) on Monday announced to hike the domestic term deposit rates... announced to hike the deposit rates as well as PLRs both. It became the first bank to hike the deposit rates while in terms of hike in PLR, it was the second bank after

SBI revises deposit rates - 06 Aug 2007
deposits while hikes the rates in long-term deposits. State Bank of India has... Untitled Document Aug 06: State Bank of India has announced today... after the declaration of RBI on July 31 in which Reserve Bank of India has hiked

Devotees deposit handwritten chants at a unique bank in Varanasi - 03 Aug 2011
of a unique bank, where devotees deposit their prayers dedicated to Lord Shiva. ... to the devotees by the bank. "You just need to take a notebook and become a member of this religious bank. There is no fee to open an account; one has

Cooperative bank offers 24-hour cash deposit facility - 10 May 2012
Panaji, May 10 (IANS) Thane Janata Sahakari Bank (TJSB), a cooperative bank, will soon offer customers the facility to deposit cash 24 hours a day at four branches in Maharashtra and Goa. The bank is also opening branch offices in Gujarat

SBI lowers deposit rates by 0.25 percent - 07 Jun 2012
Mumbai, June 7 (IANS) The country's largest lender State Bank of India (SBI...."The bank has decided to revise its Retail Term Deposit interest rates... by the central bank in March. Reduction in deposit rates give an indication that the bank

Deposit blankets, earn blessings at this unique bank - 12 Nov 2008
Lucknow, Nov 12 (IANS) Here comes a bank that allows you to earn blessings as interest on every deposit made. Set up by a non-profit organisation Tornos Foundation, the 'Blanket Bank' is an innovative effort to serve the needy during

EU ministers agree to increase bank deposit guarantees - 02 Dec 2008
to raise the minimum level of bank deposit guarantees for their citizens, from... the pay-out period in the event of a bank going bankrupt will be reduced, from three... to limit inter-bank exposures and to force banks to set aside a certain percentage

Syndicate Bank to cut deposit rate by 50 basis points - 05 Nov 2008
Kolkata, Nov 5 (IANS) Syndicate Bank will cut its deposit rate by 50 basis... our deposit rate by 50 basis points on one year deposit from Dec 1,' said bank...;The bank is also looking at a deposit and loan growth of 20 percent in the current

Mukherjee to take stock of bank's performance on Credit Deposit Ratio - 14 Jun 2010
and improving bank credit flow to farmers. Credit Deposit Ratio is the proportion... public sector banks chiefs in Patna on Monday and take stock of bank's performance on the Credit Deposit Ratio. Chief Ministers of a few states, who have been

Banks lower interest rates taking cues from RBI policy - 19 Apr 2012
National Bank Thursday announced cut in both lending and deposit rates, just two days after the Reserve Bank of India lowered key policy rates. The move will make... ICICI Bank said it will lower base rate and deposit rates by 0.25 percent

Coir Board joined hands with State Bank of India - 01 Jan 2008
Board with the cooperation of Banks. The State Bank of India (SBI) has expressed.... The Board will deposit the grant portion of Rs.2,00,000 with the Bank. By Juhan... was signed by M Kumararaja, Secretary on behalf of Coir Board, Government of India

PNB to slash BPLR, deposit rates by 100 bps - 27 Nov 2008
Prior to the announcement of Reserve Bank of India (RBI) on the current interest and deposit rates, the Punjab National Bank (PNB) Wednesday said to cut... balance in liquidity, it has slashed the deposit rates from 10.50% per annum

Banks to slash deposit, interest loan rates by 0.50-0.75% - 05 Nov 2008
Bank of India (SBI), Bank of Baroda (BoB), Central Bank of India (CBI) and UCO... informed that banks have also notified him to cut down the deposit rates by 50... P Chidambaram, who assured the bank chiefs to take some measurable steps

Airtel, Axis Bank join hands for mobile banking - 16 May 2012
subsidiary, Airtel mCommerce Services, and Axis Bank have partnered to offer banking and payment services, especially to India's unbanked population. "No-frills savings account of Axis Bank will be opened for customers on the Airtel Money

Bulk, retail deposit interest rates would go down first: Bankers - 17 Apr 2012
Chennai, April 17 (IANS) Welcoming the Reserve Bank of India's (RBI) move... reduction in deposit rates and the lending rates. The former will precede... while taking a decision on bringing down their deposit rates, said Narendra

Accountant dupes bank of Rs.870,000 - 14 Jan 2009
Chandigarh, Jan 14 (IANS) An accountant of Union Bank of India has allegedly... not deposit the cash received from bank clients in their accounts and used to issue... of the bank in 2004, a police officer said Wednesday. A case of cheating

Fidelity launches its first Fixed Maturity Plan - 01 Jan 2008
Head - India, Fidelity International, said, "Fixed Maturity Plans provide...Mumbai, Aug 18 (ANI/Business Wire India): Asset Management Company, the Indian arm of Fidelity International, today announced the launch of its first Fixed

Air India won't take Dreamliners till compensation fixed - 29 May 2012
to arrive soon in India."The American Export Import Bank (ExIm) had given loan...New Delhi, May 29 (IANS) Air India will not take delivery of the 787 Dreamliner... they are willing to offer," a senior Air India official told IANS.According

To monitor bank services in Tripura, Reserve Bank opens new office - 01 Jun 2011
Agartala, June 1 (ANI): The Reserve Bank of India (RBI) has set up sub office bank operations in Agartala to monitor banking services in the region better... the sub office bank recently, said: "The credit deposit ration in Tripura is half

Ahead of general elections people asked to deposit arms in Madhya Pradesh - 28 Mar 2009
arms holders to deposit their arms.  The arms holders have been asked to deposit their arms either with their area's local police station or respective arms dealers. According to the standard routine across India, all private arms

Ahmedabad's first co-operative bank in liquidity crisis - 14 May 2009
;The bank's liquidity has dried up with the deposit base getting completely eroded...;The bank will seek help from the Reserve Bank of India (RBI) to avoid closing down..., the depositors' investments are safe as the bank has taken insurance from Deposit

More banks follow State Bank, cut lending rates - 22 Dec 2008
New Delhi, Dec 22 (IANS) Three state-owned banks - Bank of India, Bank of Baroda and Canara Bank - took the cue from leader State Bank of India (SBI) to cut... top customers.  The three banks will also lower deposit rates from

Fidelity announces NFO for its fixed maturity plan - 01 Jan 2008
Mumbai, Sept 1 (ANI/Business Wire India): Fidelity Asset Management Company... Fixed Maturity Plan, Series 1 - Plan B with a duration of 370 days from the date... equity funds and five fixed income funds.  FIL Fund Management Private

Punjab National Bank, Bank of Baroda reduce lending rates - 29 Dec 2008
. The interest rates on fixed rate housing loans have been reduced up to 175 basis...New Delhi, Dec 29 (IANS) Punjab National Bank (PNB) Monday reduced its... percent from Jan 1. Bank of Baroda too reduced its BPLR by 75 basis points from

IDBI Bank reduces interest rates on term deposits - 29 Apr 2009
largest bank, State Bank of India, had cut deposit rates by 25 basis points...New Delhi, April 29 (IANS) Taking a cue from the State Bank of India, the state-run IDBI Bank Wednesday announced cut in its interest rates on retail term

India's central bank cuts rates to push growth - 17 Apr 2012
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy... Bank of India in the form of government securities, and instead lend

Reserve Bank study decline in FDI - 11 Feb 2011
Bhopal, Feb 11 (ANI): Reserve Bank of India (RBI) Governor D. Subbarao has said... lower Credit Deposit Ratio (CDR) of the State. He said that banks have agreed... coming into the country and we thought that at the Reserve Bank we must see

SBI, Allahabad Bank cut interest rates - 23 Apr 2012
.  "State Bank of India has decided to revise its retail term deposit...Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest... in lending and deposit rates following cut in policy rates by the Reserve Bank

Brickwork ratings assigns "BWR AAA" for Union Bank of India's - 24 Feb 2009
AAA (Pronounced BWR triple A) for Union Bank of India's proposed Lower Tier II... delinquency ratio. Union Bank of India is the sixth largest public sector... banks in India, the bank is also largely funded through term deposits.  

Sri Lankan private bank to be taken over - 29 Dec 2008
Colombo, Dec 29 (IANS) Sri Lanka's central bank Monday instructed the country's largest state-owned commercial bank to take over the administration... that Seylan Bank, which is considered a good deposit-base private bank, will be open

India's central bank extends scheme to fund mutual fund - 15 Oct 2008
Mumbai, Oct 15 (IANS) the Reserve Bank of India (RBI) Tuesday said the auction...;The central bank had Tuesday announced a special 14-day repo auction (repurchase... by the central bank a day later, allocations will be made on a pro-rata basis when

Will ensure legitimate lending not denied to Bengal: RBI - 01 Apr 2012
Kolkata, April 1 (IANS) The Reverse Bank of India (RBI) Sunday said it would clearly address the issue of lower credit-deposit ratio in West Bengal by ensuring that legitimate lending opportunity is not denied in the state. "West

United Bank reduces lending rate by 50 bps - 06 Jan 2009
Kolkata, Jan 6 (IANS) The United Bank of India (UBI) has reduced its prime... the benefit of reduced rate of interest,' a bank statement said.  The deposit rates have also been realigned in line with the market in different maturity

UCO Bank posts Rs.558 crore net profit - 08 May 2009
in deposit rates also.    At present, the BPLR of the bank is at 12.5 percent...: 'We have submitted a proposal to the RBI (Reserve Bank of India - the apex bank in India) for opening 120 more branches in FY10.'    The bank

RBI not to interfere in bank service charges - 26 Apr 2012
Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks.... The central bank is only asking banks to bring transparency in what.... He said having a bank account is a fundamental right of an individual

Yechury dismisses need for cap fixed in Nuclear Liability Bill - 29 Aug 2010
Siliguri (West Bengal), Aug 29 (ANI): Communist Party of India-Marxist (CPI-M) politburo member Sitaram Yechury has dismissed the need for cap fixed...;We think that cap for the liability, which has been fixed at 1,500 crores is too

State Bank to launch 24-hour banking service in Lucknow - 26 Nov 2008
Lucknow, Nov 26 (IANS) India's largest lender, the public sector State Bank of India (SBI), will launch a 24-hour banking service here, a senior official said... that will be set up at the main SBI branch in Hazratganj,' the bank's chief

Family of Sep 13 blast's Kashmiri victim gets compensation - 30 Oct 2008
in the name of his mother, his widowed sister-in-law and fixed deposit for his... heirs.  "We have been given a cheque for Masrat and fixed deposit...; "We don't have bank accounts, they (officials) say that they will open

Bharti Airtel withdraws '95' dialing on its fixed line service - 09 Mar 2009
New Delhi, Mar 9, (ANI/Business Wire India): Bharti Airtel Limited... the withdrawal of '95' dialing for long distance calling on its fixed line service... and IT, Government of India.  This withdrawal will come into effect from

HDFC Bank declared 'Best Local Bank' in India - 18 Feb 2009
HDFC Bank, one of India's premier banks, has been declared the 'Best Local Bank' in India in Euromoney's Annual Private Banking Survey. The Survey also recognized HDFC Bank as the Best Bank in the category of 'Relationship Management

United Bank cuts BPLR by 50 basis points - 05 Nov 2008
Kolkata, Nov 5 (IANS) Kolkata-based United Bank of India Wednesday slashed its... official said. 'We are also planning to cut our deposit rates for one-, two..., executive director of the bank, said on the sidelines of a conference on 'Banking 2008

Mukherjee to meet bank CEOs today - 03 Feb 2009
and deposit rates to some extent, but some banks have not cut them so far.  ... the public sector bank CEOs here today to evaluate third quarter performance... in the wake of the third quarterly review of monetary policy by the Reserve Bank

India's central bank moves to free another $200 bn - 14 Oct 2008
credit to the corporate sector, especially small firms, the Reserve Bank of India... for the needs of mutual funds. The central bank said it would conduct a special... in the cash reserve ratio, or the minimum cash banks have to retain against deposit

Fitch cuts SBI, PNB, ICICI Bank outlook to negative - 20 Jun 2012
on leading Indian financial institutions, including State Bank of India (SBI... outlook on 11 financial institutions. The affected entities include State Bank of India, Punjab National Bank, Bank of Baroda and its subsidiary Bank of Baroda

Koda scam: Union Bank under ED scanner - 13 Nov 2009
the transaction. Reserve Bank of India (RBI) rules direct banks to authenticate... to the manager of Union Bank in connection with the Madhu Koda scam. The manager employed at Union Bank's Zaveri Bazaar branch in Mumbai, has been asked

Allahabad Bank eyes 20 percent loan growth - 01 Jan 2008
Kolkata, Oct 3 (IANS) The city-based public sector Allahabad Bank is targeting a growth of 20 percent in its loan portfolio and 17 percent in deposit... loan growth and 17 percent deposit growth. The loan growth will be sourced from

Allahabad Bank eyes 20 percent loan growth - 06 Oct 2008
Kolkata, Oct 3 (IANS) The city-based public sector Allahabad Bank is targeting a growth of 20 percent in its loan portfolio and 17 percent in deposit... loan growth and 17 percent deposit growth. The loan growth will be sourced from

State Bank of Saurashtra and State Bank of India to merge - 01 Jan 2008
to the merger of the State Bank of Saurashtra with the State Bank of India to enable... Bank of Saurashtra by the State Bank of India, in terms of section 35(2) of the State Bank of India Act, 1955 ii) to introduce Bill (a) repealing

Banks cut lending rate, deposits rate - 19 Apr 2012
announced to reduce their lending and deposit rates by 25 bps (0.25%). The other state run banks are still watching to State Bank of India (SBI), country's... of India, the master bank on Tuesday cut its policy rate more than expected

May 3 fixed for last hearing in Bhopal Gas tragedy case - 28 Apr 2010
on Wednesday fixed May 3 as the last date for hearing in the Bhopal Gas tragedy... of India and of Bhopal will never forgive them," said Abdul Jabbar, representative... Jabbar. The CBI, in its arguments earlier had said that the Union Carbide India

State Bank, most state-owned banks cut lending rates - 06 Nov 2008
, the State Bank of India (SBI), have cut their benchmark prime lending rate (PLR) by 75 basis points (bps). 'The State Bank of India has reduced the benchmark... that they too would cut rates after the central bank, the Reserve Bank of India (RBI

Punjab National Bank cuts lending rate - 30 Apr 2009
;  The announcement comes a week after the central Reserve bank of India (RBI... points.    Besides, the bank has also reduced its peak deposit rate...New Delhi, April 30 (IANS) Public sector lender Punjab National Bank (PNB) has

Tripura's rural bank posts record Rs. 35.35 crore profit - 04 Jun 2010
Agartala, June 4 (ANI): The Tripura Gramin Bank (TGB), one of India's 84...;The bank's credit-deposit ratio is now 39 percent. "We did a total business... in the northeast or eastern India," said D Mushahary, chairman, Tripura Gramin Bank

India's central bank cuts interest rates to spur economy (Roundup) - 17 Apr 2012
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- a move that may also see interest rates falling on housing, automobile

Bank guard shot dead while resisting robbery in Delhi - 18 May 2009
to the bank every morning to deposit the sale collections of the petrol pump...New Delhi, May 18 (IANS) A bank guard was shot dead Monday by two armed men when he tried to foil a robbery and save the life of one of the bank's customers

More state-owned banks reduce lending rates - 29 Dec 2008
by the country's largest commercial bank, the State Bank of India, which slashed its BPLR by 75... Bank and Bank of India which reduced their rates by similar margin Dec 22. ... state-owned banks announced Monday. Dena Bank will cut its BPLR by 75 basis

State Bank of India acquisition of State Bank of Indore approved - 15 Jul 2010
of State Bank of Indore by State Bank of India (SBI). It also accorded... consequential amendments in the State Bank of India (Subsidiary Banks) Act, 1959... instead of capital to be raised by State Bank of Indore at higher rates. (ANI) 

Bike-borne robbers snatch Rs.700,000 outside Delhi bank - 21 May 2009
owner who had brought Rs.1.8 million to deposit in the bank. The two fled...New Delhi, May 21 (IANS) In the second daylight robbery outside a bank within... Rs.700,000 from a businessman's employee outside an ICICI bank branch in east

HDFC, the most valued pvt bank in India - 25 Mar 2009
was considered as the most valued bank in India while State Bank of India- a public...Surpassing ICICI, the HDFC bank on Tuesday became the most valued private sector bank of India on the back of soaring share prices in Indian Stock markets

Dhanalakshmi Bank to raise Rs.4 bn, open 80 new branches - 18 Mar 2009
;'For a pan-India presence, we have to be there in every state and that is our aim. Now we are awaiting the sanction from the Reserve Bank of India,' bank chairman...Thiruvananthapuram, March 18 (IANS) Kerala-based Dhanalakshmi Bank will soon

HDFC Bank cuts rate by 0.5 percent - 19 Dec 2008
; 'The recent cuts in policy rates by the Reserve Bank of India has created... its deposit rates by 50 bps across all maturities effective Dec 23, it said...New Delhi, Dec 19 (IANS) HDFC Bank Friday announced a reduction in its retail

CBI arrests former State Bank official accused of misappropriation - 09 Oct 2010
into its custody Tulsi P. Ladani, the then assistant of State Bank of India (SBI..., and issue a counterfoil containing stamp of the bank under his signature.  ... particularly the dormant accounts.  Apart from this, he issued Term Deposit

Bank of Baroda becomes a registered bank in New Zealand - 01 Sep 2009
Wellington, Sep. 1 (ANI): The Reserve Bank of New Zealand has given permission to the Bank of Baroda to begin trading in the country, making it the nation's 19th registered bankIndia's third-largest public sector bank first

Punjab National Bank rules out further cut in interest rates - 27 Mar 2009
not slash interest rates on existing deposits. 'The Reserve Bank of India (RBI) is not reducing interest on savings bank deposits. Only when deposit rates...New Delhi, March 27 (IANS) The state-owned Punjab National Bank (PNB) feels

Moody's downgrades ICICI Bank, HDFC Bank, Axis Bank - 14 May 2012
India's three top private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank... as on March 31, 2012, ICICI Bank is India's largest private sector lender followed by HDFC... of tier-1 capital at Axis Bank, 226 percent of tier-1 capital of HDFC Bank, and 143

London bank directors to be sentenced for 'turning blind eye' to criminal's deposits - 04 Mar 2011
London, Mar 4 (ANI): Two directors of a corrupt safe deposit company in London... of pounds in illicit cash at their safe deposit box centres. However, police managed to seize nearly 7,000 safety deposit boxes in a 10 million pounds sting

Punjab warns banks against minimum deposit from farmers - 03 Nov 2008
their bank accounts, ministry spokesman said.   The Punjab government decided to pay bonus to the farmers directly into their bank accounts. For this, many farmers are required to open bank accounts.  Kairon strongly

Nationalised banks declare attractive schemes to lure PIOs, NRIs - 09 Jan 2011
deposit schemes for the people of Indian origin (PIOs) and non-resident Indians (NRIs). P Pal, an official of a nationalised bank, said... their money as per the market trends. "See, we have mostly deposit schemes

RBI hikes CRR, Repo rate by 50 bps - 25 Jun 2008
In the continuous war against the inflation, the Reserve Bank of India (RBI... deposits, banks set aside as cash with the apex bank, by 50 basis points in both... blow would definitely hit the markets, banks and consumers as the interest rates

Need for a working group for BRICS development bank: India - 20 Apr 2012
India has suggested to form a working group consists of finance ministry and central bank officials of the BRIC countries. It will be beneficial for the creation of a development bank among the BRIC countries for increase the trade among

Advani favours fixed legislature terms, compulsory voting - 30 Apr 2009
the constitution and have a fixed term of five years for the Lok Sabha and the Vidhan Sabha (state legislative assembly). We follow the British pattern where legislatures... cast if India could become a successful democratic republic. 'The world has been

Brickwork Ratings assigns "BWR AA+" for Andhra Bank's upper tier II bonds issue of INR. 10 bn - 13 Jan 2009
of India ownership, quality of risk weighted assets, low cost deposit base, growth... months.  The bank's concentration in a single state as well as lower CASA...Bangalore, Jan 13 (ANI/Business Wire India): Brickwork Ratings has assigned BWR

Bank of India official arrested for bribery - 07 Jul 2012
Mumbai, July 7 (IANS) A senior official of the state-run Bank of India was nabbed red-handed while accepting a bribe of Rs.100,000, the Central Bureau of Investigation said here Saturday.Senior Manager Ganesh C. Das of the bank's Mumbai

Reserve Bank of India hopes to contain inflation - 19 Feb 2010
Patna, Feb 19 (ANI): Reserve Bank of India Governor Duvvuri Subbarao has said measures taken by the central bank to check inflation will prove fruitful... here on Thursday. The Reserve Bank of India raised banks' Cash Reserve Ratio

State Bank of India to issue more retail bonds - 16 Oct 2010
Mumbai, Oct 16 (ANI): The State Bank of India (SBI) Chairman O P Bhatt has said...;"State Bank has been talking about issue of retail bonds for quite some time. We... or without the prior consent of Reserve Bank of India. (ANI) 

'Air India won't take Dreamliners till compensation fixed' - 29 May 2012
New Delhi, May 29 (IANS) Civil Aviation Minister Ajit Singh Tuesday said Air India would not take delivery of its first batch of Boeing 787 Dreamliner until... to Singh, Air India's board has decided a compensation amount and is seeking legal

World Bank to lend additional $3 bn to India - 18 Dec 2008
New Delhi, Dec 18 (IANS) The World Bank has agreed to help India with $3... Bank of India (SIDBI) to provide credit to small and medium enterprises... include the National Housing Bank and the recapitalisation of state banks

DSE's deposit-based trading membership scheme gets overwhelming response - 11 Aug 2009
revival strategy had launched a slew of measures.  The new deposit based... the encouraging and positive response that deposit based trading membership scheme... largest exchange in India in terms of number of scrips listed with 2833

State Bank of India cuts interest rates by 75 basis points - 06 Nov 2008
is all set to fall as the State Bank of India (SBI), the country's largest bank... Tuesday on lowering interest rates after the Reserve Bank of India cut key rates... of India, the United Bank, Punjab National Bank, Bank of Baroda, Canara Bank

RBI cuts CRR by 50bps; suggests to deregulate diesel prices - 24 Jan 2012
Bank of India today cut the Cash Reserve Ratio (CRR) by 50 basis points (0.5... want to gain more interests on fixed deposit can still cash the advantage... Bank. This move of the master bank would ease the liquidity crisis problem

Reserve Bank of India keeps credit policy rates unchanged - 24 Oct 2008
New Delhi, Oct 24 (ANI): The Reserve Bank of India has kept its credit policy rate unchanged.  With the announcement of policy, the central bank has cut... cent. However, the bank reiterated that it is ready to enhance liquidity

Oz trade unions want Rudd Govt. to stop banking jobs going to India - 14 Mar 2009
meeting with Rudd after ANZ Bank announced it was shifting 500 jobs to India... to have the deposit guarantee withdrawn from banks that move jobs out of Australia... in Australia, News.com.au reported.  "The bank guarantee is to stabilise

'Avatar 2' not delayed as no release date fixed: Producer - 26 Mar 2012
for its release was never set. In India to oversee the 3D release of "Titanic... numbers, India is still a small market for Hollywood movies in terms of revenue. Jon however does not think so. "I think India is an emerging market

India's liquidity situation comfortable: Reserve Bank - 14 Oct 2008
New Delhi, Oct 14 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Tuesday said the liquidity situation was comfortable. 'The liquidity situation... in the repo rate or the rate at which the central bank lends to commercial banks

World Bank approves funding for India's agricultural project - 28 Mar 2012
Washington, March 28 (IANS) The World Bank has approved a $109 million funding for the Rajasthan Agricultural Competitiveness Project in India to enhance... farmers, the Washington-based World Bank said in a statement Tuesday. 

State Bank of India ready to grow by acquisition - 10 Jun 2009
New Delhi, June 10 (ANI): The State Bank of India (SBI) is keen to acquire..., the State Bank will go ahead with its acquisition plans. "As far as acquisition..., state bank of Saurashtra has been successfully merged. There are six more

World Bank to lend $14 bn to India for infrastructure projects - 12 Dec 2008
New Delhi, Dec 12 (IANS) The World Bank will provide $14 billion to India over... will be under World Bank Group's new Country Strategy for India, it said in a statement.  'The World Bank Group is tailoring its assistance to India

Pranab, Zoellick hold talks, stress on World Bank's continued engagement with India - 31 Mar 2012
on the value of the bank group's continued engagement with India. The talks came... for his special efforts in increasing engagement of the Bank with India. He said that India has a long and very fruitful relationship with the bank and valued

Rs.200,000 looted from bank in Jharkhand - 16 Oct 2008
Ranchi, Oct 16 (IANS) Rs.200,000 was looted from a branch of Bank of India... barged into the bank situated in Galudih block of Seraikela-Kharsawan district Thursday morning, some 210 km from Ranchi.   The men locked the bank staff

World Bank predicts slowdown in India's GDP growth - 11 Jun 2008
Finance’ on June 10, the Bank stated, “GDP growth in India eased...The World Bank has predicted India’s gross domestic product (GDP... year 2008. The world’s apex bank has probed ‘India’s tight

Help for Indian Non Banking Finance Companies - 09 Jan 2009
of Industrial Development Bank of India, would function as a Special Purpose Vehicle... would be purchased by Reserve Bank of India (RBI) and funds would be used by the SPV... for addressing the liquidity constraints of non-deposit taking systemically important

India's central bank cuts key interest rate - 20 Oct 2008
Mumbai, Oct 20 (IANS) India's central bank Monday cut a key interest rate... to be uncertain and unsettled," the Reserve Bank of India (RBI) said, while... to be fully restored in the financial markets," the central bank said

Bank account of India's first president still active - 04 Jul 2012
Patna July 4(IANS) A public sector bank in the Bihar capital has kept active for nearly 50 years a savings account of India's first president Rajendra Prasad, an official said Wednesday.Prasad opened his account in Punjab National Bank's

Rs.700,000 looted from Jharkhand bank - 25 Nov 2008
a branch of State Bank of India (SBI) in Jharkhand, police said. Police said four to five persons arrived on two bikes at the public sector bank around 11.30 a.m. They entered the bank and looted cash from the bank chest and mobile phones

India's central bank keeps key lending rates unchanged - 18 Jun 2012
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI), India's central bank, Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase rate

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