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ICICI, HDFC banks lower fixed deposit rates up to 0.25% - 17 Nov 2016
slashed fixed deposit (FD) rates by up to 0.25 per cent.The ICICI Bank has posted... -- the United Bank of India, Canara Bank, Indian Bank, Indian Overseas Bank, Bank of India and the Syndicate Bank -- as well as the private sector ICICI and Kotak

SBI to soon relook at the deposit rates: Arundhati Bhattacharya - 02 Jan 2017
point cut in lending rates, State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Monday said that the deposit rates also soon require a "relook... will have a relook at the deposit rates," she told reporters at a press briefing

SBI cuts fixed deposit rates by up to 1 percent - 05 Sep 2012
New Delhi, Sep 5 (IANS) The country's largest lender State Bank of India (SBI... categories, the reduction in interest rates will be 0.5 percent. "State Bank of India has decided to revise downwards its retail term deposit rates with effect

Depositors prefer asset diversification as bank deposit rates fall - 23 Oct 2016
Kolkata, Oct 23 (IANS) With falling bank deposit rates hitting time deposits... in garnering deposits as long as the low-deposit-rates regime persists."Time deposits were muted by the moderation in deposit rates (both nominal and real

SBI announces to cut Fixed Deposits rate by 0.5 to 1 pc; others may follow - 05 Sep 2012
Country's largest lender the State Bank of India (SBI) Wednesday announced to cut it's fixed term deposit rates by half to one percent per annum depending upon... categories, the reduction in interest rates will be 0.5 percent. "State Bank

PNB hikes interest rate on fixed deposit by 0.25 percent - 02 Aug 2012
Mumbai, Aug 2 (IANS) The government-run Punjab National Bank Thursday hiked interest rates on term deposit of one year period by 0.25 percent to 9 percent for both domestic and external rupee accounts."Punjab National Bank has decided

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

28% citizens yet to deposit old currency in bank: Survey - 29 Nov 2016
New Delhi, Nov 29 (IANS) Around 28 per cent of respondents are yet to deposit their old Rs 500 and Rs 1,000 currency notes in the bank and plan to do it before... platform.The survey was conducted across 150 cities in India in which over 800

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

Demonetisation: Last day to deposit scrapped notes - 30 Dec 2016
currency can deposit it only with the Reserve Bank of India till March 31...New Delhi, Dec 30 (IANS) The deadline to deposit old Rs 500 and Rs 1,000 notes..., in his first interview since demonetisation, Modi told the India Today weekly

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

28% citizens yet to deposit old currency in a bank: Survey (Lead, correcting intro) - 29 Nov 2016
New Delhi, Nov 29 (IANS) Around 28 per cent of respondents are yet to deposit their old Rs 500 and Rs 1,000 currency notes in the bank and plan to do it before... platform.The survey was conducted across 150 cities in India in which over 8,000

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

Allahabad Bank hikes deposit rates by up to 1.2 percent - 04 Nov 2013
. The bank, however, did not announce any change in lending rates. The public sector bank's decision to hike term deposit rates came days after the Reserve Bank...New Delhi, Nov 4 (IANS) The government-run lender Allahabad Bank said it has

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

Deposit Rs.10,000 crore, apex court tells Sahara - 26 Mar 2014
Subrata Roy to deposit Rs.10,000 crore with the market regulator SEBI for his... crore Sahara will furnish a bank guarantee of a nationalised bank favouring... be released to the Securities and Board Exchange of India (SEBI) after Sahara

Improve credit-deposit ratio in Kashmir, banks urged - 16 Dec 2013
in letter and spirit.Hailing the local J&K Bank, State Bank of India and HDFC...Jammu, Dec 16 (IANS) The credit-deposit ratio in Jammu and Kashmir is far below the national average, state Finance Minister Abdul Rahim Rather said Monday

Vishal Dadlani mocks RBI, government on deposit norms of old notes - 21 Dec 2016
his opinions without mincing words on social media, mocked the Reserve Bank of India (RBI) for withdrawing the one-time deposit norm on Wednesday, calling... also to be scrutinised by bank officials.Retweeting reports on the move by RBI

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

PIL seeks clampdown on unauthorised deposit schemes - 19 Nov 2013
is being taken."The PIL urged the court to direct the Reserve Bank of India... and illegal deposit schemes including collective investment schemes... of Enforcement."It seems to be a problem in all the states, all over India

Deposit Rs.10,000 crore for Subrata's release: SC to Sahara - 19 May 2014
SIRECL and SHICL to deposit Rs.10,000 crore of investors' money to secure... of India (SEBI) for its response.Counsel Rajiv Dhawan, appearing for the two... payment of investors' Rs.24,000 crore that its two companies Sahara India Real

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

No rush to deposit invalid notes, but cash crunch may continue: Bankers - 30 Dec 2016
with the banks. People can deposit the invalid currencies with Reserve Bank of India (RBI... sector bank officials told IANS that there was no major rush to deposit... upwards from Rs 24,000 per week, then the situation may turn tougher," All India Bank

Don't deposit Maoists' money in banks, police tell Jharkhand villagers - 22 Nov 2016
in Maoist-hit areas of the state asking people not to deposit or exchange... to a bank to deposit the money.During interrogation, Kishore admitted that the money... Liberation Front of India (PLFI). Kishore was to deposit the money in his

Indian banks in China not to accept scrapped bank notes - 17 Nov 2016
in writing enabling another person in India to deposit the notes into his or her bank...Beijing, Nov 17 (IANS) Indians living in China cannot deposit the scrapped currency notes of Rs 500 and 1,000 at Indian bank branches here.The Indian embassy

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

Man arrested in Jharkhand for stashing Maoist cash in bank - 11 Nov 2016
late Thursday. He was carrying the money to deposit it in a bank. Police... Front of India's (PLFI) supremo Dinesh Gope. Kishore was to deposit the money in his...Ranchi, Nov 11 (IANS) A man was arrested for trying to deposit Rs 25 lakh cash

Cash deposit limit in Jan-Dhan accounts set at Rs 50,000: FM - 15 Nov 2016
Ministry and the Reserve Bank of India (RBI).Das said the legitimate Jan-Dhan account... people to deposit their unaccounted cash, the Finance Ministry on Tuesday set... are using Jan-Dhan accounts to deposit black money. Up to Rs 50,000 can be deposited

Indian community will be rewarded for being 'fixed deposit' in Malaysian ruling party, says PM - 10 Dec 2012
given the 'interest rates' due to them."They had been our fixed deposit' all this while but we have not been paying high interest ... maybe our interest rates were... Razak has admitted that the Indian community has been a long-time 'fixed deposit

Indians mob banks to deposit, exchange spiked currency (Afternoon Lead) - 10 Nov 2016
notes mobbed banks across India on Thursday to exchange or deposit them after... of India. A Kotak Bank nearby also witnessed a huge rush."I'm in the queue... there when I reached the bank," Mukul, an executive at Axis Bank in Noida, told IANS

See normalcy in banking system by February-end: SBI Chairperson - 02 Jan 2017
in lending rates, State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Monday... expect 40 per cent of that to stay with the bank," she added."At that time, we will have a relook at the deposit rates."Referring to the rate cut announced

Tribunal tells Airbus to deposit Rs 192 crore in Kingfisher - 18 Oct 2016
a decade ago.The consortium includes state-run Oriental Bank of Commerce, Corporation Bank and United Bank of India.Though Airbus and Kingfisher signed the purchase... aerospace major Airbus Industries to deposit Rs 192.5 crore with it in eight weeks

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

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

Central Bank to open more branches in Himachal - 24 Apr 2013
Shimla, April 24 (IANS) Central Bank of India would open more branches... to increase the credit-deposit ratio, chairman of the bank M.V. Tanksale said here.... Currently, the bank has 48 branches in the state with a market share of 3.91 percent

ICICI Bank opens 101 rural branches - 13 Dec 2012
districts. With these, the bank's network in the state has grown to 504 branches," he... branches will offer services such as savings bank account, fixed and recurring deposit, remittances, kisan credit cards and tractor loans.The bank had Wednesday

ED freezes Rs.822 crore-worth fixed deposits of Satyam Computers - 18 Oct 2012
orders freezing the fixed deposits of SSCL with Andhra Bank, Bank of Baroda, IDBI... crore worth of fixed deposits of Satyam Computer Services Limited, now Mahindra.... Ramalinga Raju and others.The fixed deposits have been attached

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

2G case: Recording of accused's statement fixed for March 3 - 20 Jan 2014
of Telecommunication A.K. Srivastava; former Reserve Bank of India (RBI) govenor D...) spectrum case Monday fixed March 3 for recording of statement of the accused... Authority of India ex-chairman Nripendra Misra; former Indian corporate lobbyist

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

Yes Bank first to hike rates after RBI move - 31 Jul 2013
lender, Wednesday hiked lending and deposit rates, a day after the Reserve Bank of India (RBI) kept key policy rates unchanged and cut growth forecast.Yes Bank... tightened liquidity in the markets. Yes Bank said it will hike its deposit rates

Rs.12.5 lakh looted from executive outside Ghaziabad bank - 02 Jun 2014
supplying firm, was on his way to deposit the money in the Mohan Nagar branch of Bank... amounting to Rs.12.5 lakh from a business executive while he was on his way to deposit it in a bank, police said.The incident occurred in the Mohan Nagar area under

Tribunal tells Airbus to deposit Rs 192 crore in Kingfisher case (Lead, superceding previous story - 18 Oct 2016
a decade ago.The consortium includes state-run Oriental Bank of Commerce, Corporation Bank and United Bank of India.Though Airbus and Kingfisher signed the purchase... major Airbus Industries to deposit Rs 192.5 crore with it in eight weeks towards

Country's largest bank, SBI hikes interest rates - 19 Sep 2013
Just a day ahead of the monetary policy announcement by RBI, the State Bank of India (SBI) hiked deposit and lending rates. Now the decision by the country's... percent. These two rates determine the lending rates by the bank for home, auto

RBI withdraws one-time deposit norm for KYC accounts - 21 Dec 2016
for bank accounts which are non-KYC. The upper limit of Rs 50,000 also stays for non-KYC bank accounts, the Reserve Bank of India said.The central bank said... barring people with KYC-compliant bank accounts from depositing over Rs 5,000

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

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

Delay in draft payment costs Central Bank Rs.10,000 - 13 Jun 2013
a nationalised bank Rs.10,000, which the state's top consumer commissioner has... for Rs.112,125 issued by the Central Bank of India's Pune branch... shown to us that any particular time limit is fixed for deposit of a demand draft

Rajasthan community to incentivise birth of girl child - 25 Nov 2012
through donations and non?government organisations."A fixed deposit account... foeticide and infanticide in Rajasthan, a local community has decided to open a bank account for every newborn girl and put Rs.5,000 in it as fixed deposit.The decision

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

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

RBI imposes more restrictions on deposit of old notes - 19 Dec 2016
Mantri Garib Kalyan Yojana, 2016.In its notification, the Reserve Bank of India... to that person's account only after questioning him or her, in the presence of two bank... across the counter will be allowed to be credited to bank accounts in the normal

Fake currency notes deposited in Bhopal bank - 05 Jan 2017
, the officer said.The state branch of the Reserve Bank of India is also located... the mad spree to deposit scrapped 500 and 1,000 rupee notes post demonetisation... branch of the IDBI Bank, Rs 2,03,000 were found to be in counterfeit currencies

India has fixed ambitious targets to accelerate infrastructural development: PM - 15 Aug 2012
New Delhi, Aug.15 (ANI): India has set itself ambitious targets to accelerate... to accelerate infrastructure development. Ambitious targets have been fixed... to investment in India," Dr. Singh said.He further revealed that till a decade ago

Bank employees booked for forgery, fraud in Gurgaon - 29 Apr 2013
crore in a fixed deposit April 22, 2008, with Kotak Mahindra's JMD Regent Square... changed the fixed deposit into life insurance."I was given a life cover of nearly... beneficiary of the "three-year fixed deposit", which was never done, was to get Rs.3.85

Modi's address sound and fury signifying nothing: Bank union leader - 31 Dec 2016
500/1,000 notes, said a top leader of a large bank unionModi's address is also silent on the wilful defaulters of bank loans, said All India Bank Employees' Association... bank officials whether they were involved in diverting cash to others instead

SBI hikes interest rates ahead of RBI policy review - 19 Sep 2013
Mumbai, Sep 19 (IANS) The State Bank of India (SBI) Thursday hiked deposit... by the Reserve Bank of India (RBI). The central bank is widely expected to keep the key policy rates on hold Friday. SBI also hiked term deposit rates. The sharpest increase

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

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

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

TRAI cuts security deposit, registration fee of telemarketers - 03 Dec 2013
registration fees and security deposit of telemarketers with the service provider... Authority of India (TRAI) issued the Telecom Commercial Communications Customer... in the registration fee and the initial security deposit so as to motivate and provide

TRAI reduces telemarketeers security deposit,registration fees - 03 Dec 2013
New Delhi, Dec.3 (ANI): The Telecom Regulatory Authority of India (TRAI) today... by reducing registration fees and the security deposit with the service... and also the security deposit with the service providers to remove the entry barrier

SC asks Sahara chief to deposit Rs.10,000 crore - 26 Mar 2014
New Delhi, March 26 (IANS) The Supreme Court Wednesday asked Sahara Group chief Subrata Roy to deposit Rs.10,000 crore with the market regulator SEBI for his... will be furnished through a bank guarantee.The court declined to water down its orders

India's Haj quota for 2014 fixed at 136,000 - 10 Feb 2014
Riyadh, Feb 10 (IANS) Saudi Arabia has said the quota of Indian pilgrims for Haj 2014 has been fixed at 136,000, which remains unchanged from the previous year... by Minister of State for External Affairs E. Ahamed that 136,000 Indian pilgrims

Gains from deposit surge limited for banks: ICRA - 29 Nov 2016
reserve ratio (CRR).The Reserve Bank of India (RBI) on Saturday levied additional

RBI withdraws one-time deposit norm, Rs 5,000 limit for KYC-accounts - 21 Dec 2016
New Delhi, Dec 21 (IANS) The Reserve Bank of India (RBI) in a sharp U-turn... said that one-time deposit till December 30 will not invite scrutiny by bank... central bank said that on reviewing its notification of November 19

Tripura Gramin Bank posts profit - 21 Dec 2013
and northeastern India, in the current fiscal so far, a top bank official said here... said.According to the bank chief, the credit-deposit (CD) ratio of TGB was 41 percent."Keeping with the directives of the Reserve Bank of India (RBI), the TGB has engaged

Cash deposit deadline extended for those outside country - 06 Jan 2017
New Delhi, Jan 6 (IANS) All Indian citizens, who were outside India from November 9 to December 30, will be able to exchange or deposit the old currency note... on Friday.This facility will be available for those who are not residents of India till

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

RBI partially withdraws one-time deposit norm after public anger (Roundup) - 21 Dec 2016
in south Delhi, who had come to a State Bank of India branch here to deposit money... of Rs 50,000 also stays for non-KYC bank accounts, the Reserve Bank of India said.The flip-flop, the Congress said, made the RBI "Reverse Bank of India

Confusion over RBI deposit curbs draws opposition flak (Roundup) - 20 Dec 2016
a dig at Prime Minister Narendra Modi, saying the "Reserve Bank of India... despite Jaitley's clarification on Monday night, the central bank didn't amend its... can be deposited till December 30 after explaining to bank officials the reasons

RBI contradicts its own notification, says bank staff union - 04 Jan 2017
Kolkata, Jan 4 (IANS) The Bank Employees Federation of India on Wednesday said the Reserve Bank of India's statement on December 31 contradicted its notification dated November 8."Reserve Bank of India (RBI) has given a facility

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

Bengal's credit-deposit ratio to surpass national average: Mitra - 17 Sep 2012
is expected to surpass the all-India average within two years, state Finance Minister... the all India average of credit-deposit ratio. It will help more credit...-deposit ratio is below the all India average. Our credit-deposit ratio stood

RBI imposes new curbs on deposit of old notes (Third Lead) - 19 Dec 2016
notification, the Reserve Bank of India told banks to give full credit to the scrapped..., in the presence of two bank officials, as to why the notes were not deposited earlier.The... will be allowed to be credited to bank accounts in the normal course until December 30

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

926 bank branches to accept advance income tax - 22 Aug 2012
. The Reserve Bank of India has advised income tax assessees to take advantage... and inconveniences can be avoided at the Reserve Bank of India counters if the assessees...Mumbai, Aug 22 (IANS) In a bid to make tax filing easier, the Reserve Bank

No action initiated to cancel Axis Bank's license: RBI - 12 Dec 2016
Mumbai, Dec 12 (IANS) The Reserve Bank of India on Monday clarified that it had... in violative activities post-demonetisation."The Reserve Bank of India (RBI) has... to deposit/exchange of specified bank notes in a few branches of the bank

ICICI Bank launches Facebook apps 'Pocket'; allows customers to do cash transaction - 25 Sep 2013
India's largest private lender ICICI Bank Tuesday introduced an innovative... more on Facebook. Viewing the popularity of Facebook in India, ICICI Bank has.... Through this app, a customer can open fixed or recurring deposit, order a cheque

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

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

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.  

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

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

People carry bundles of Rs 1000 notes to SBI ATM kiosks - 08 Nov 2016
Kolkata, Nov 8 (IANS) Commoners outside a State Bank of India (SBI) ATM here were seen carrying Rs 1,000 notes in bundles to deposit them at the kiosks.The... don't have time to deposit it on Friday (when the banks will open). I have

Brit govt. split over 'security deposit' rule for tourists from India, Pak, Nigeria - 17 Sep 2013
Conservative-led government's pilot project proposal of implementing a 'tourist deposit' rule, in which residents from India, Pakistan, Nigeria, Ghana, Bangladesh and Sri... targets these nations and the security deposit of 4,800 dollars would be refunded

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

Vodafone India launches mobile money transfer with ICICI Bank - 21 Aug 2013
New Delhi, Aug 21 (IANS) Vodafone India, along with ICICI Bank, Wednesday... of villages in India have a banking outlet. Financial inclusion is a national priority... Sethi, Business Head - M-Pesa, Vodafone India said.This service will now

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

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

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

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

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

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