Tag archive for ‘Bank’
By Loknath Das On Tuesday, September 5th, 2017
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Singaporean Bank DBS Finally Gets WoS Licence

Mumbai: Three years after it applied to turn itself into a wholly-owned subsidiary (WoS), Singaporean lender DBS on Monday said the RBI has given it the nod, which will help it do away with growth constraints it More...

By Loknath Das On Tuesday, September 5th, 2017
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RBI Has Directed Resolution Of 12 Accounts By December: Axis Bank

New Delhi: Axis Bank today said the Reserve Bank has asked it to finalise the resolution plan for 12 accounts by December 13, failing which insolvency proceedings will have to initiated against them. In a regulatory More...

By Loknath Das On Sunday, September 3rd, 2017
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Punjab National Bank To Cut Minimum Lending Rate From September

New Delhi: Punjab National Bank has cut marginal cost based lending rates by up to 0.25 per cent for select maturities, effective tomorrow. The state-owned lender has also slashed its base rate by 0.20 per cent More...

By Loknath Das On Thursday, August 31st, 2017
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Public Bank Mergers Will Need Fresh Cash Infusions: Report

New Delhi: The Union Cabinet’s decision to speed up the merger of public sector banks (PSBs) will not improve their weak capitalisation without capital infusion from the government, Moody’s Investors Service More...

By Loknath Das On Thursday, August 31st, 2017
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Punjab National Bank To Cut Minimum Lending Rate From September

New Delhi: Punjab National Bank has cut marginal cost based lending rates by up to 0.25 per cent for select maturities, effective tomorrow. The state-owned lender has also slashed its base rate by 0.20 per cent More...

By Loknath Das On Thursday, August 24th, 2017
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ICICI Bank Cut Interest Rate On Savings Account By 0.5%

Mumbai: Private sector lender ICICI Bank today announced to reduce interest rate on savings accounts by 50 basis points to 3.5 per cent on deposits below Rs. 50 lakh. The interest rate on savings bank accounts More...

By Loknath Das On Tuesday, August 22nd, 2017
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PNB, HDFC Bank Cut Interest Rate On Savings Account By 0.5%

New Delhi: Two leading lenders PNB, HDFC Bank today slashed interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits up to Rs. 50 lakh. Besides, Punjab National Bank (PNB) has also More...

By Loknath Das On Monday, August 21st, 2017
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No More Lobbying In Public Sector Bank Appointments: Government

New Delhi: No lobbying, “allotment” on the basis of merit-cum-performance and enlarging the employment pool to include the private sector are some key initiatives taken by the Centre for top-level recruitments More...

By Loknath Das On Saturday, August 19th, 2017
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Bank Strike On August 22 To Protest Against Proposed Reforms

Kolkata: United Forum of Banking Unions (UFBU), the umbrella body of trade unions in the banking sector, has called a nation-wide strike on August 22 to protest against the reforms proposed by the Centre. West More...

By Loknath Das On Saturday, August 19th, 2017
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No More Lobbying In Public Sector Bank Appointments: Government

New Delhi: No lobbying, “allotment” on the basis of merit-cum-performance and enlarging the employment pool to include the private sector are some key initiatives taken by the Centre for top-level recruitments More...