Tag archive for ‘Bank’
By Loknath Das On Monday, November 20th, 2017

Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s More...

By Loknath Das On Friday, November 3rd, 2017

State Bank of India reduces lending rates on home and vehicle loans

India’s largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps). In a statement issued in Mumbai, the bank said it has More...

By Loknath Das On Thursday, October 26th, 2017

Rs 2.11-lakh cr bank recap may make fiscal deficit target hard to achieve: Fitch

The massive Rs 2.11 lakh crore capital infusion in public sector banks may make the 3.2% fiscal deficit target for 2017-18 difficult to achieve if two-thirds of the planned recapitalisation bonds are issued by More...

By Loknath Das On Sunday, October 22nd, 2017

RBI Says Linking Aadhaar Number To Bank Accounts Mandatory

Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts. It said in a statement the More...

By Loknath Das On Monday, October 2nd, 2017

HSBC app will show all your bank accounts in one place

App will give banking customers a ‘joined-up view of their finances’. Photograph: Andrew Matthews/PA Banking customers will soon be able to see all their accounts from different providers in one place, making More...

By Loknath Das On Wednesday, September 13th, 2017

Bank Employees Call For Protest March On September 15

Dharamshala: Bank employees plan to conduct “March to Parliament” on September 15 to draw the government’s attention towards various issues, Deepak Kumar Sharma, General secretary of SBI Officers More...

By Loknath Das On Monday, September 11th, 2017

Only 5 Free ATM Transactions From October, Punjab National Bank Says

New Delhi: PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank’s ATMs. At present, account holders of the country’s second More...

By Loknath Das On Tuesday, September 5th, 2017

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

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

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...