A nominee can only receive the money of a bank depositor who has died but the person cannot claim to be the absolute owner of the money lying in the account.
J&K Bank reported a growth of 23 per cent in net profit at Rs 145.4 crore.
A majority of economists expect RBI to raise key interest rates by 25 basis points in its quarterly review on July 27.
A security expert has identified flaws in the design of some automated teller machines that make them vulnerable to...
IDBI Bank has opened its first overseas branch at The Dubai International Financial Centre.
G-20 is unlikely to make headway on the contentious issue of taxing banks for future bailouts with India,Australia and Canada opposing it.
Iceland has been called the Island of the Sagas,and recently there has been no shortage of sagas. When the volcanic...
Public sector lender Punjab National Bank said its net profit rose by 31.13 per cent to Rs 1,135 crore for the fourth quarter ended March 31,2010.
IDBI Bank said that the repayment of 11.50 per cent IDBI SLR Bonds 2010 56th Series will be paid on March 13,2010.
About 6,00,000 employees of India's banks plan to go on a one-day strike on Dec. 16 to protest the move to merge state-owned banks.
The product will help senior citizens avail of regular payments throughout their lives by mortgaging their house with the bank.
OBC said it is looking at a credit growth of 20-22 pct and a deposit growth of 24 pct this fiscal.
Japan's monetary base rose 3.8 per cent in November from a year earlier.
Dhanalakshmi Bank has received RBI approval to raise FIIs and NRIs percentage holding in the bank to 49 pct and 24 pct respectively.
Axis Bank entered Srinagar,by opening its branch at Exhibition crossing in the heart of the city.
Bank of Baroda reported a jump of 60 per cent in net profit to Rs 634.18 crore for Q2.
IBM,has bagged a deal from the Andhra Pradesh Grameena Vikas Bank to enhance the rural bank's information infrastructure across 530 branches.
DEG is one of Europe's largest development finance institutions.
IMF & De Nederlandsche Bank have signed a borrowing agreement to provide the Fund with up to 5.31 billion Euro.
Japan's government urged the central bank not to end support for corporate funding too soon.