Everything you need to know about Vennar Bank So: news, reviews, in-depth analysis, opinion and more
Everything you need to know about Vennar Bank So: news, reviews, in-depth analysis, opinion and more
Mumbai, May 23 (IANS) India's largest lender State Bank of India (SBI) Thursday said its net profit dropped by 18.54 percent to Rs.3,299.22 crore in the quarter ended March 31 owing to lower interest income and higher provisioning.
Tokyo, May 23 (IANS/EFE) Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP.
Union Bank of India has declared the final result for Bank PO results provisionally. The results for the list of 730 candidates as Probationary Officers in JMG SC-1
Beijing, May 22 (Xinhua-ANI): The U.S. dollar advanced against most major currencies on Tuesday, but weakened against the euro after a U.S. Federal Reserve official indicated that the central bank may not taper its bond-purchasing program soon.
Thiruvananthapuram, May 22 (IANS) Technopark-based SunTec Business Solutions Wednesday launched its next generation product suite - Xelerate.
Kolkata, May 21 (IANS) US Ambassador Nancy Powell Tuesday called for greater economic opening and more foreign investments for India's higher economic growth, saying "there is more yet to do" in the area of reforms to return to 10 percent growth.
Hyderabad, May 21 (IANS) A phone banking officer of ICICI Bank here has been arrested for hacking the bank account of a Canadian customer and fraudulently withdrawing over Rs.32 lakh from his account.
New Delhi, May 21 (IANS) Qatar National Bank (QNB), one of the Gulf region's largest lender, Tuesday said it will set up a fully-owned subsidiary in India and start operations in the third quarter of 2013.
Kolkata, May 21 (IANS) US Ambassador Nancy Powell Tuesday called for greater economic opening and more foreign investments for India's higher economic growth, saying "there is more yet to do" in the area of reforms to return to 10 percent growth.
Tokyo, May 21 (IANS/EFE) The Japanese government Monday revised upward its evaluation of the economy given the weakness of the yen, which is helping to push exports and encouraging companies to increase production.
New Delhi, May 20 (IANS) India and China should focus on trading in their own currencies, the rupee and renminbi, instead of the US dollar, as this would help reduce risk and cut exchange costs, Reliance Group Chairman Anil Ambani said Monday.
Chennai, May 20 (IANS) Private sector City Union Bank plans to open around 80 branches and add more automated teller machines (ATM) this year, a top official said Monday.
London, May 20 (IANS) Bank of England Governor Mervyn King said in a television interview that Britain's economy had achieved "only a modest recovery".
Ramallah, May 19 (IANS) The role of the US in reviving the Palestinian-Israeli peace negotiations lacks credibility, a Palestinian official said Sunday.
Kolkata, May 18 (IANS) State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the central bank's request to banks not to aggressively sell gold products may not lead to a reduction in consumption and greater steps are required to check the demand for the precious metal.
Kolkata, May 18 (IANS) Public sector lender State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the lender's margins in overseas business were under pressure.
Mumbai, May 18 (IANS) Key indices of Indian equities markets rallied for the fifth week in a row, with the benchmark Sensex gaining 164 points in the weekly trade as a sharp drop in inflation boosted hopes of an early rate cut by the Reserve Bank of India.
Kolkata, May 18 (IANS) Pratip Chaudhuri, chairman of the country's largest lender, State Bank of India (SBI), said Saturday that the RBI and SEBI should start public awareness campaigns for depositors on the risk of investing in shady companies.
Bangalore, May 17 (IANS) Leading Turkish private bank Turkland Bank has deployed Finacle software product of Indian IT bellwether Infosys for its core banking, customer relationship management and treasury operations.
New Delhi, May 17 (IANS) India and China will be the biggest investors by 2030, accounting for 38 percent of the global gross investment and almost half of all the world manufacturing investment, says the World Bank.
Tokyo, May 17 (IANS/EFE) Japan grew at a 3.5 percent clip in the first quarter relative to the same period last year, as Prime Minister Shinzo Abe's ambitious program to combat deflation and revitalize the world's third-biggest economy began to yield results.
Sydney, May 16 (ANI): Cricket Australia (CA) CEO James Sutherland has backed that infamous 'homework' debacle in India, saying that there were lots of lessons for people involved, who will be better for having gone through it.
Mumbai, May 16 (ANI): The Reserve Bank of India (RBI) will launch inflation-linked bonds every month to attract household savings of up to Rs.15,000 crore in fiscal 2013-14, so as to discourage investments in gold.
Melbourne, May 15 (IANS) Cricket Australia (CA) and the Commonwealth Bank Wednesday announced a renewal of their long-standing partnership with Commonwealth Bank set to become the Test team and Test series partner for the next four Australian seasons beginning with this summer's Ashes in Australia.
Mumbai, May 15 (IANS) A benchmark index of the Indian equities markets surged nearly 500 points Wednesday led by strong buying support in interest rate-sensitive banking, realty and auto stocks on expectation of rate-cut after inflation fell to a three-year-plus low.
Chennai, May 15 (IANS) Patterns Software Design Institute plans to tie up with software product developers and engineering colleges to train their executives and students in software design architecture, an official said.
Kolkata, May 14 (IANS) Public sector United Bank of India is planning to opt for a qualified institutional placement (QIP) for raising about Rs.1,000 crore capital, a top official of the bank said Tuesday.
Kolkata, May 14 (IANS) Public sector lender United Bank of India Tuesday reported a 79 percent dip in its net profit to Rs.31.18 crore for the quarter ended March 31, 2013, from Rs 149.29 crore for the same period in the previous year.
Chennai, May 13 (IANS) In its endeavour to have a pan-India presence, Maharashtra-based private sector Ratnakar Bank opened its first branch in Tamil Nadu Monday, the bank said.
Dubai, May 13 (IANS) Nearly half of over $61 billion sent by expatriates in the Gulf countries in 2012 went to India, according to new data.
New Delhi, May 13 (IANS) Bank of Baroda's net profit for the quarter ending March 31 dipped to 32.21 percent, the public sector bank told the Bombay Stock Exchange.
New Delhi, May 13 (ANI): Despite the Reserve Bank of India (RBI) ordering banks to clear all dues of armed forces pensioners, the former is yet to hand over these amounts.
London, May 12 (ANI): The Bank of England is facing a threat of court action for failing to adhere to equality laws following its decision to replace the only historical female figure on English banknotes with a man.
Accra, May 12 (IANS) The Indian government, through the Exim Bank of India, is assisting several African countries in building their physical and social infrastructure that is worth an estimated $260 million.
Mumbai, May 11 (IANS) India's foreign exchange (forex) reserves decreased by $2.06 billion to $294.30 billion for the week ended May 3, according to data released by the central bank.
New York, May 11 (ANI): France is the world's most popular tourist destination, according to a new survey.
New York, May 10 (IANS) An international gang of cyber thieves, accused of stealing $45 million from banks around the globe in "a massive 21st-century bank heist", infiltrated an unnamed Indian card-processing company in one of their operations, according to a media report.
Mexico City, May 10 (IANS/EFE) The Mexican government proposed a bank reform package aimed at spurring lending and promoting economic growth.
New Delhi, May 9 (IANS) Punjab National Bank's net profit dropped 20.6 percent during the fourth quarter (January to March) of fiscal 2012-13.
Srinagar, May 9 (IANS) The Reserve Bank of India (RBI) has completed investigations against banks after the expose by web portal Cobrapost for violating prudential banking norms and will take action if they are found guilty, Governor D. Subbarao said here Thursday.
Chennai, May 9 (IANS) Government-owned Indian Bank closed last fiscal with a Rs.166 crore fall in its net profit owing to higher provisioning for bad debts and other accounts despite the total income going up by Rs.1,717 crore.
New Delhi, May 9 (IANS) Public sector Union Bank posted a 2.07 percent rise in net profit to Rs.789 crore for the last quarter (January-March) of the 2012-13 financial year from Rs.773 crore clocked during the corresponding period in 2011-12.
London, May 9 (ANI): Astronomers have discovered a never-before-seen cluster of hydrogen clouds strewn between two nearby galaxies, Andromeda (M31) and Triangulum (M33).
New Delhi, May 9 (ANI): The foreign exchange earnings from tourism increased by 7.5 per cent in April as compared to the same period last year, even though there was no change in the number of foreign tourists.
Washington, May 8 (IANS) The California-based subsidiary of State Bank of India (SBI) has agreed to take a series of steps to improve its banking practices related to bad loans following a review by US regulators.
Hyderabad, May 8 (IANS) State Bank of Hyderabad (SBH) has reported net profit decline of 3.70 percent for fiscal 2012-13. The profit during the year was Rs.1,250 crore against Rs.1,298 crore during 2011-12.
Jerusalem, May 8 (Xinhua-ANI): The Israeli army arrested 16 Palestinians in the West Bank overnight Tuesday for their alleged involvement in security-related offenses.
Hyderabad, May 8 (IANS) State Bank of Hyderabad (SBH) Wednesday said it is not considering merger with the State Bank of India (SBI) and that it will continue as an independent bank.
Moscow, May 8 (IANS/RIA Novosti) Russia will take a $40 million loan from the World Bank to prevent forest fires and promote sustainable forest management, a government resolution said Tuesday.
Kolkata, May 7 (IANS) Public sector lender UCO Bank Tuesday registered 80.40 percent slide in its net profit to Rs.59.55 crore for the quarter ended March 31, 2013 from Rs.252.84 crore during the same period in the previous year.
Beijing, May 7 (IANS) China Tuesday reiterated its call for necessary conditions for resuming peace talks between Palestine and Israel, reported Xinhua.
New Delhi, May 7 (IANS) The government Tuesday said public sector banks and insurance companies have suspended at least 15 officers and employees on money laundering allegations as exposed in a sting operation by an investigative website Cobrapost.
Kolkata, May 7 (IANS) Public sector Allahabad Bank Tuesday reported a 68.47 percent dip in net profit for the quarter ended March 31, 2013, to Rs.126.15 crore from Rs.400.22 crore in the corresponding year-ago period.
New Delhi, May 7 (ANI): The Finance Ministry has asked public sector banks and the Life Insurance Corporation (LIC) to take immediate action against employees who "appear to be advising" customers on ways to violate regulatory norms, including the Know Your Customer (KYC)norm.
Bangalore, May 6 (IANS) South Indian Bank Ltd, a leading Kerala-based private sector bank, reported net profit of Rs.502 crore for 2012-13, posting 25 percent year-on-year (YoY) growth over previous fiscal at Rs.402 crore.
New Delhi, May 6 (ANI): The government has asked the Chairman-cum-Managing Directors (CMDs) of Public Sector Banks (PSBs) and LIC to initiate immediate action against those exposed by Cobrapost, Red Spider 2 Expose.
New Delhi, May 6 (IANS) The government Monday asked top financial institutions, including State Bank of India, Punjab National Bank and the Life Insurance Corporation, to probe into the allegations of money laundering as exposed in a sting operation by an investigative website Cobrapost.
New Delhi, May 6 (IANS) An investigative website Cobrapost Monday alleged that at least 23 top public and private banks and insurance companies have been doing large-scale money laundering. Several of the firms named denied the allegation.
New Delhi, May 6 (ANI): An online magazine 'Cobrapost' has accused the State Bank of India (SBI), the Life Insurance Corporation of India (LIC) and various other banks and private insurers of indulging in money laundering.
New Delhi, May 6 (ANI): Kazakhstan's Minister for Economy and Budget Planning, Yerbolat Dossayev, has said that his country is looking forward to hosting the 47th meeting of the Board of Governors of the Asian Development Bank (ADB) in Astana in the first week of May 2014.
Tokyo, May 5 (IANS/RIA Novosti) Japan and India will continue talks on a bilateral agreement for civilian nuclear energy cooperation, Japanese finance ministry officials said.
Greater Noida, May 4 (IANS) India Friday made a strong pitch for expanding financial resource base of the Asian Development Bank (ADB) to help alleviate poverty and improve infrastructure in poor countries.
Greater Noida, May 4 (IANS) The Asian Development Bank (ADB) lending is expected to decline by around 20 percent in the coming years, hitting the financial support to countries like India, as the multilateral agency is financial constrained, Finance Minister P. Chidambaram said Saturday.
Ramallah, May 3 (IANS) Palestinian President Mahmoud Abbas Friday said he will let the Chinese leaders know the barriers currently rooted in Palestinians' talks with Israel, as he expects Beijing's contribution to the stalled peace process, reported Xinhua.
Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday said it will tighten regulations for overseas purchase of gold by banks and restrict loan facilities to curb the import of the yellow metal.
Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut key policy rates by a quarter percent for the third time since January, a move that will help revive economic growth and make auto, housing and other loans cheaper.
The Reserve Bank of India (RBI), India's master Friday cuts key rates by 25 basis points (bps) making long-term loans cheaper....................
Mumbai, May 3 (ANI): The Reserve Bank of India (RBI) on Friday reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points, from 7.5 per cent to 7.25 per cent with immediate effect.
Mexico City, May 3 (IANS/EFE) Remittances sent by Mexicans living abroad fell 14.7 percent to $1.78 billion in March, compared to the same month in 2012, the Bank of Mexico said Thursday.
Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut key policy rates by 0.25 percent, a move that will make auto, housing and other loans cheaper and help accelerate economic growth.
Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut a key policy rate by 0.25 percent. This will make auto, housing and other loans cheaper and help accelerate economic growth.
Mumbai, May 3 (IANS) The Reserve Bank of India (RBI) Friday cut the key policy rate by 0.25 percent, making auto, housing and other loans cheaper.
Bratislava, May 3 (IANS/EFE) The European Central Bank Thursday cut its benchmark interest rate to a record low of 0.50 percent in an effort to boost economic growth in the Eurozone.
Ramallah, May 2 (IANS) Palestinian President Mahmoud Abbas expects that the US would exercise pressure on Israel to accept resuming peace talks on the basis of a two-state solution, a Palestinian official said Thursday, reported Xinhua.
Mumbai, May 2 (IANS) Dashing expectations of an interest rate cut that have risen because of the recent softening in inflation, as well as decline in crude and gold prices, the Reserve Bank of India Thursday said there is "very limited" space for that in fiscal 2013-14 because of multiple global and domestic risks, notably inflation.
Shimla, May 2 (IANS) After the resounding success of the World Bank-aided Mid Himalaya Watershed Development Project in Himachal Pradesh, the state Thursday sought its extension in other rural areas.
Sydney, May 2 (ANI): Cricket Australia (CA) is poised to announce a new mega deal, estimated to be worth almost 50 million dollars over four years, with Commonwealth Bank of Australia, which will make the bank CA's primary sponsor.
Jerusalem, May 1 (IANS) Israel needs to strike a peace deal with the Palestinians in order to prevent the Jewish nation from becoming a "bi-national state", Prime Minister Benjamin Netanyahu said Wednesday.
London, May 1 (IANS) Consumer confidence in Britain unexpectedly declined in April as inflation kept running above the Bank of England's (BoE) target, increasing households' concern about their person finances, said GfK, a London-based research group.
Madrid, May 1 (IANS/EFE) Spain's economy contracted 0.50 percent in the first quarter of this year, or three-tenths of a percent less than in the final quarter of 2012, the National Statistics Institute, or INE, said Tuesday.
Jerusalem, April 30 (IANS) Dozens of Israeli settlers in the West Bank set fire to Palestinian lands and properties and hurled stones at Palestinian vehicles, following a deadly attack Tuesday morning in which a Palestinian stabbed a settler to death, reported Xinhua citing local media.
Chennai, April 29 (IANS) Government-owned Indian Overseas Bank (IOB) is looking at raising funds through the issue of medium term note, rights/public issue and from the government to fund its growth this fiscal and also go for new core banking solution (CBS), said a top official.
New Delhi, April 29 (IANS) India Monday vouched for the safety and efficacy of drugs manufactured by it and asked African countries not to mix patent issues with those of quality.
Ramallah, April 27 (IANS) Palestinian President Mahmoud Abbas began discussions Saturday to form a national government, reported Xinhua citing the official Wafa news agency.
Mumbai, April 27 (IANS) India's foreign exchange (forex) reserves decreased by $485.9 million to $294.76 billion for the week ended April 19, according to data released by the central bank.
London, April 27 (ANI): Former British prime minister Winston Churchill is to appear on the next banknotes, when it is issued in 2016, it has been announced on Friday.
Chernobyl (Ukraine), April 27 (IANS/RIA Novosti) Ukraine marked the 27th anniversary of the world's worst nuclear disaster by thanking Russia, the US and other countries for their support in funding the construction of a new covering structure for the remains of the Chernobyl nuclear power plant.
Abu Dhabi, April 27 (IANS/WAM) The National Bank of Abu Dhabi (NBAD) has been named the best bank in the UAE by Global Finance, a prestigious financial magazine.
Mumbai, April 26 (IANS) India's second largest lender ICICI Bank Friday said its net profit increased 21 percent to Rs.2,304.07 crore for the quarter ended March 31, 2013 on the back of higher earnings from loans.
Central Bank of India invites applications from India citizens for the recruitment of specialist category officers in various scales, 2012-2013. The applications have been invited for the following posts:
Manila, April 26 (IANS) The Asian Development Bank (ADB) announced Friday that Takehiko Nakao has been unanimously elected as president by its Board of Governors.
Madrid, April 26 (IANS/EFE) Spain's unemployment rate hit 27.16 percent in the first quarter of this year, with the number of jobless people topping 6 million for the first time amid an economic downturn that started in 2008, the National Statistics Institute, or INE, said.
New Delhi, Apr. 24 (ANI): Finance Minister P. Chidambaram on Wednesday said that there is a need to take immediate action by the non-life-insurance sector to increase penetration and coverage of the non life insurance in the country.
Shimla, April 24 (IANS) Central Bank of India would open more branches in Himachal Pradesh and finance infrastructure development and other private projects to increase the credit-deposit ratio, chairman of the bank M.V. Tanksale said here Wednesday.
Sydney, April 24 (IANS) The Australian consumer price index (CPI) rose 0.4 percent in the March quarter 2013, compared with a rise of 0.2 percent in the December quarter 2012, the Australian Bureau of Statistics (ABS) reported Wednesday.
Madrid, April 24 (IANS/EFE) The Spanish economy contracted 0.50 percent in the first quarter, the Bank of Spain said.
Abu Dhabi, April 24 (IANS/WAM) Etihad Airways, the national airline of the UAE, has taken delivery of a Boeing 777-300ER aircraft financed by a local bank.
Lucknow, April 23 (IANS) The central command of the Indian Army Tuesday ordered a probe into the reported usage of defence land for farming at Sitapur, about 90 km from here.
New Delhi, April 23 (ANI): The Central Bureau of Investigation (CBI) on Tuesday froze the bank accounts of former Indian Air Force chief, Air Chief Marshal (retired) S.P. Tyagi and other accused in connection with the VVIP chopper scam.
Mumbai, April 23 (IANS) A benchmark index of the Indian equities markets ended flat in Tuesday's trade after capital goods, consumer durables and bank stocks plummeted.
