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Monday, July 13, 2020

Bank nominee not absolute owner of account:SC

October 18, 2010 11:32:47 pm

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 Q1 net up 23 pct at Rs 145 cr

July 31, 2010 4:01:29 pm

J&K Bank reported a growth of 23 per cent in net profit at Rs 145.4 crore.

RBI likely to lift rates by 25 bps next week

July 21, 2010 1:04:44 pm

A majority of economists expect RBI to raise key interest rates by 25 basis points in its quarterly review on July 27.

ATM security flaws could be a jackpot for hackers

June 28, 2010 10:45:38 pm

A security expert has identified flaws in the design of some automated teller machines that make them vulnerable to...

IDBI Bank opens first overseas branch at Dubai

June 7, 2010 1:04:02 pm

IDBI Bank has opened its first overseas branch at The Dubai International Financial Centre.

Pranab says no to bank levy

June 4, 2010 4:45:01 pm

G-20 is unlikely to make headway on the contentious issue of taxing banks for future bailouts with India,Australia and Canada opposing it.

Bank crisis first-in will be first-out

May 24, 2010 7:54:42 pm

Iceland has been called the Island of the Sagas,and recently there has been no shortage of sagas. When the volcanic...

PNB Q4 net up 31.13 pct

May 6, 2010 2:12:51 pm

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 announces repayment of IDBI SLR Bonds 2010

January 25, 2010 4:47:54 pm

IDBI Bank said that the repayment of 11.50 per cent IDBI SLR Bonds 2010 56th Series will be paid on March 13,2010.

PSU bank staff plan 1-day strike on Dec 16

December 11, 2009 12:49:40 pm

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.

Central Bank launches reverse mortgage loan for elderly

December 10, 2009 2:41:22 pm

The product will help senior citizens avail of regular payments throughout their lives by mortgaging their house with the bank.

OBC eyeing upto 22 pct credit growth in FY 10

December 3, 2009 3:11:39 pm

OBC said it is looking at a credit growth of 20-22 pct and a deposit growth of 24 pct this fiscal.

Japan Nov monetary base up 3.8 pct: BOJ

December 2, 2009 10:49:22 am

Japan's monetary base rose 3.8 per cent in November from a year earlier.

Dhanalakshmi Bank gets approval to raise FII limit

December 1, 2009 1:01:40 pm

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 opens branch in Srinagar

November 30, 2009 4:54:36 pm

Axis Bank entered Srinagar,by opening its branch at Exhibition crossing in the heart of the city.

Bank of Baroda Q2 profit jumps 60 pct

October 28, 2009 12:39:39 pm

Bank of Baroda reported a jump of 60 per cent in net profit to Rs 634.18 crore for Q2.

IBM bags deal from AP Grameen Vikas Bank to enhance IT infra

October 20, 2009 3:11:53 pm

IBM,has bagged a deal from the Andhra Pradesh Grameena Vikas Bank to enhance the rural bank's information infrastructure across 530 branches.

Yes Bank signs Euro 20 mn loan agreement with DEG

October 9, 2009 3:31:43 pm

DEG is one of Europe's largest development finance institutions.

IMF signs Euro 5.31 bn borrowing pact

October 6, 2009 9:55:11 am

IMF & De Nederlandsche Bank have signed a borrowing agreement to provide the Fund with up to 5.31 billion Euro.

Japan ministers send bleak message to BOJ

October 6, 2009 9:19:47 am

Japan's government urged the central bank not to end support for corporate funding too soon.