Tag archive for ‘By’
By Loknath Das On Thursday, August 17th, 2017
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July Consumer Inflation Data Could Delay Rate Move By RBI, Say Experts

Mumbai: Annual consumer price inflation picked up to 2.36 per cent in July from 1.54 per cent in June, as a decline in food prices slowed sharply, government data showed on Monday. The rise was faster than the More...

By Loknath Das On Monday, August 7th, 2017
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Indian Bank Sets Target Of Gross Bad Loans Under 5% By March

Mumbai: Indian Bank is looking to bring down its gross non-performing assets (NPAs) to below 5 per cent by March from over 7 per cent in the June quarter on the back of better recoveries, upgrades and write-offs, More...

By Loknath Das On Saturday, August 5th, 2017
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After SBI, Bank of Baroda cuts interest on savings account by 50 basis points

Within days of SBI slashing interest rate on savings bank account, another PSU bank — Bank of Baroda — has followed suit, cutting it to 3.5% on deposits of up to Rs 50 lakh. “We wish to inform you More...

By Loknath Das On Wednesday, August 2nd, 2017
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SBI cuts interest rates for savings accounts by 0.5% to 3.5%

New Delhi: India’s largest lender SBI on Monday announced a 0.5 percent (50 basis points) cut in interest rates for savings bank deposits, effective immediately. According to the new structure, for saving More...

By Loknath Das On Saturday, July 29th, 2017
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IDFC Bank aims to triple branches, increase POS by 100% in 36 months

IDFC Bank will pursue its branch expansion plan organically during the current fiscal and won’t wait till Shriram merger happens, a top official said.   Meanwhile, the bank has chalked out its plan for More...

By Loknath Das On Thursday, July 27th, 2017
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Amagi Media will launch Thunderstorm technology in India by October

Ad-tech company Amagi Media Labs is all set to launch its Thunderstorm OTT Ad Insertion service in India by October. The technology which has already been deployed in the US and UK markets will help subvert ad-blockers More...

By Loknath Das On Wednesday, July 12th, 2017
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Ensure All Traders Register Under GST By August 15: PM To Chief Secretaries

New Delhi: Prime Minister Narendra Modi on Wednesday asked all chief secretaries to work expeditiously towards ensuring that all traders are registered under the GST regime before August 15, a PMO statement said. He More...

By Loknath Das On Thursday, June 15th, 2017
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12 Defaulters Identified By RBI To Be Named Soon: Finance Ministry

New Delhi: The Finance Ministry today said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public. The RBI yesterday said it has identified 12 large More...

By Loknath Das On Tuesday, June 13th, 2017
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Bosses of Goldman Sachs and Citigroup drawn into hoax by email prankster

The bosses of Wall Street banks Goldman Sachs and Citigroup are the latest executives to fall victim to an email prankster who has also managed to connect with the head of Barclays and the governor of the Bank More...

By Loknath Das On Saturday, June 10th, 2017
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Government May Approve One More PSU Bank Consolidation By March

New Delhi: Enthused by the success of SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create 4-5 global sized More...